New Delhi, Nov. 7 -- Even though India's growth-inflation dynamics remain favourable, the Indian stock market is struggling to reach a fresh high.

The Sensex and the Nifty 50 scaled their 52-week highs of 85,290 and 26,104, respectively, on October 23, fanning hopes that they were en route to scale fresh peaks within the next few days, supported by stable Q2 earnings and hopes of an India-US trade deal.

However, what happened next was quite the opposite of expectations. The domestic market witnessed profit booking across segments, and the Sensex and the Nifty 50 are set to extend their losing run to a second consecutive week.

The domestic market is torn between tailwinds and headwinds. In-line earnings, cooling down valuations, and Ind...