Mumbai, Feb. 10 -- This week's market update delves into the latest developments at both domestic and international markets and trends from February 03, 2024, to February 09, 2024, which drove investor sentiment.

The Indian market traded in a range with volatility for the week. The HSBC service PMI data for January came out around 61.8, ahead of estimates of 60, said Pantomath Capital Advisors in weekly IPO commentary.

The growth in service PMI is due to rising export and domestic new business orders, it said.

The RBI came out with their monetary policy decision. It kept all policy rates unchanged as expected. The repo rate, MSF, and SDF rates stand around 6.5%, 6.75%, and 6.25% respectively. It maintained the withdrawal of accommodati...