Buy or sell stocks, Dec. 29 -- The Indian stock market closed the truncated week on a cautious note, with mild profit booking emerging near lifetime highs amid thin trading volumes and persistent FII outflows. Despite the marginal decline, the broader market structure remains constructive, underpinned by strong domestic institutional participation, resilient earnings expectations, and stable macroeconomic conditions.

Overall, the week reflected healthy consolidation at elevated levels rather than any signs of trend exhaustion, helping the market build a steady base as it approaches the transition into the new calendar year.

Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market sen...