Buy or sell stocks, Nov. 9 -- Indian stock market benchmarks- the Sensex and the Nifty 50- closed with losses for the week ended November 8, primarily due to foreign capital outflow amid concerns over weak Q2 earnings and elevated valuations. A 25 bps rate cut by the US Fed offered no relief as the market had already discounted it. The US-election-related uncertainty is over now, and the market's focus is back on fundamentals.

"The Indian market continues to experience consolidation due to heightened selling pressure from FIIs, driven by concerns over weak corporate earnings and premium valuations. This broad-based correction is particularly evident in sectors with excessive valuations," Vinod Nair, the head of research at Geojit Financi...