Market Fell Over Geopolitical Concerns - Nifty Around 25,000 ????
A.C. Agarwal
Building India’s Finest Financial Institution with Technology | Humanity | Perseverance
This week was the worst week for the markets in the past 2 years. The markets fell as the geopolitical concerns escalated due to the Iran and Israel war along with the F&O crackdown by SEBI.?
Due to the war, crude oil went up 8.7% in a week. This would be a negative factor for the Indian economy. Moreover, the global investors are also selling the Indian stocks and shifting to China as the valuations are cheap there. Considering the current scenario, there will be small hiccups in the short term.?
From 20th November, there will be only one weekly option expiry per exchange. Due to this, the F&O segment volumes will go down by 30-40%. Considering this, the discount brokers will start charging brokerage on the equity segment resulting in more cost for investors.
The Nifty 50 and Sensex indices have corrected sharply. The Nifty 50 and Sensex are down by 4.45% and 4.54%. The Nifty 50 index is near 25,000 level.
Stock Spotlight ??
Top Gainers ??
BSE - ?4,108.15 (+12.68%)
Vijaya Diagnostic- ?989.20 (+12.38%)
Glenmark Lifescience - ?1,151.65 (+11.78%)
JK Paper - ?490.10 (+8.91%)
Saregama India - ?608.00 (+7.40%)
Top Losers ??
Sterling and Wilson - ?546.60 (-15.75%)
Nuvama Wealth - ?5,895.90 (-13.84%)
领英推荐
RITES - ?317.25 (-11.52%)
Intellect Design - 887.55 (-10.17%)
Phoenix Mills - ?1,672.30 (-10.02%)
Sectors in Focus ??
Information Technology ??
The IT stocks are performing well in the past 1-2 quarters Companies have started getting new orders from the US as the economy has started picking up. The companies are expected to post good earnings for Q2 FY25.?
The Nifty IT index has performed better than the Nifty 50 index in the past week. While the Nifty 50 index was down by 4.45%, the Nifty IT index was only down by 0.95%.
IPO Insights ???
2 IPOs were listed this week - KRN Heat Exchanger and Diffusion Engineers listed 118.2% and 15.5% premiums respectively.
1 IPO is expected to open next week - Garuda Construction and Engineering aiming to raise ?264 crores.
Hyundai Motor India IPO is expected to hit the market in mid-October. Considering the current market scenario, the IPO market is expected to cool down for a while.
That’s all for this week.?
We’ll see you again next week ??
Happy Investing!