FII Crazy Selling - Nifty Around 24,000 ??
A.C. Agarwal
Building India’s Finest Financial Institution with Technology | Humanity | Perseverance
After record selling in October, FIIs are still not stopping. They have sold more than ?15,000 crores this week, while DIIs bought more than ?12,000 crores.
The majority of mid-cap and small-cap stocks are still not performing well and are down 15-20% from their 52-week highs. However, the large, mid, and small-cap indices are only down 8-10% from their respective peak levels.
This week, the Nifty 50 and Sensex fell by 0.64% and 0.30%, respectively. The Nifty is now around 24,000.
Stock Spotlight ??
Top Gainers ??
ITI - ?304.24 (+33.51%)
DCM Shriram - ?1,242.20 (+16.53%)
Vijaya Diagnostic - ?1,119.45 (+14.71%)
Paytm - ?848.55 (+11.38%)
Page Industries - ?48,002.90 (+10.61%)
Top Losers ??
Tube Investment - ?3,890.55 (-13.04%)
Trent - ?6,298.95 (-11.89%)
Poly Medicure - ?2,781.00 (-11.12%)
领英推荐
Triveni Turbine - ?633.45 (-10.19%)
Brigade Enterprises - ?1,124.20 (-10.18%)
Sectors in Focus ??
Information Technology ??
The IT sector is expected to be in focus in the coming weeks due to recent interest rate decisions and strong earnings reports from major IT companies. Investors are also watching developments in artificial intelligence, cloud computing, and semiconductor advancements, which continue to drive growth in the sector.?
Additionally, any new policy changes affecting data privacy and cybersecurity could impact the sector’s performance.
IPO Insights ???
The IPO market is not very hot right now. Investors are scared to apply for an IPO due to the downward trend in the GMP.
Afcons Infrastructure listed this week at an 8% discount but recovered quickly and is now above its issue price.
Three IPOs closed this week: Sagility India, Swiggy, and ACEM Solar. All three IPOs received muted responses from retailers and HNIs, but QIBs saved the day for them. All three are expected to list flat or at a discount.
The much-awaited NTPC Green Energy IPO is expected to open on November 18th. To be eligible for a shareholder quota, you must buy one share of NTPC before the RHP filing.
That’s all for this week.?
We’ll see you again next week ??
Happy Investing!