Market Outlook: PMI, auto sales and global economic cues key triggers for next week

The market outlook for next week will be guided by the major domestic and global economic data such as India's current account Q3, India bank loan growth, HSBC manufacturing PMI of India (Dec), India's infrastructure output, US Fed balance sheet, US Initial jobless claims, and US ISM manufacturing PMI.

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Last week, the market's benchmark indices closed with gains. During this period, the Sensex closed at 78,699 with a gain of 657 points or 0.84 per cent, and the Nifty closed at 23,813 with a gain of 225 points or 0.96 per cent.

Pharma and healthcare were the top gainers last week. The benchmark indices rose due to the rise in banking stocks.