The market snapped a four-week winning streak in the week ended October 31, closing with moderate losses on profit booking, especially after the strong rally seen since the start of October. The benchmark indices rallied over 6 percent to hit a fresh 52-week high in October, before getting into a small correction may be due to diminishing prospects of another Fed funds rate cut in December, which pushed the US 10-year Treasury yield higher by 1.95 percent during the week to 4.08 percent.

On the precious metals front, there was extreme volatility, extending a fall for another week with gold futures declining 3.41 percent and silver futures losing 0.88 percent, owing to a strengthening US dollar and aggressive profit-booking after the strong rally.

In the week starting November 3, the mark

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