Week Financial News

Nifty50 ended with weekly declines of 2.5% amid the Israel-Hamas conflict, higher bond yields and the ongoing earnings season. Amid a host of important domestic and global events lined up during this week, know what lies ahead for the stock markets. After relentless selling in recent days, Nifty has temporarily paused its decline due to an oversold chart setup, Rupak De, Senior Technical analyst at LKP Securities said, adding that the index closed significantly below the critical breakdown level of 19,250.

Shibani Sircar Kurian, Senior EVP, Fund Manager & Head -Equity Research, Kotak Mahindra AMC, says “our belief is that in the near term, given the kind of valuation disparity that we are seeing between the broader market as well as largecap, it is possible that we will see far more volatility in the mid and smallcap segment vis-à-vis largecaps where valuations are far more reasonable. At this point in time, we would believe that at least in the near term, largecaps are better placed than midcaps and smallcaps.” When the market fell, we saw a sharp fall in the broader markets as well and on Friday, the recovery was also led by the same segment versus the benchmark indices. What is this trend that we are seeing coming in for the broader markets? Do you think that fall we saw during the week will continue for the broader markets? Ever since April of this year, the broader markets have led the way and have massively outperformed the largecaps or the Nifty. The way we look at the overall market construct between midcap, smallcap and largecaps is that just in terms of valuation, both the midcap as well as the smallcap indices are trading at multiples on a one-year forward basis which is significantly higher than its long-term average.

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Also Read: These 10 smallcaps log double-digit rise even as Sensex posts worst weekly decline in a month; do you own? Sensex and Nifty have slipped 3.18 per cent and 3.17 per cent in the last seven days, posted their worst weekly decline in one month. During the week, all sectoral indices ended in red with media and metal declining the most. In the broader markets, the domestically focused small- and midcaps have lost 5.1 per cent and 6.4 per cent, respectively in the past six sessions.

IPOs Next Week: The primary market witnessed some major listings in both main board and small- and medium-sized enterprise (SME) segments this month, which kept investors engaged with subscriptions and listings. Moving on, the first week of November sees strong market buzz - similarly packed with new listings and initial public offering (IPO) issues, that are available for subscription. ‘’In the primary market during the week 22-27 October, mainboard IPO of Blue Jet Healthcare Limited opened to raise ₹840.27 crore.

₹7,153 per bbl, having swung between ₹6,932 and ₹7,154 per bbl during the session so far, against a previous close of ₹6,945 per barrel. Also Read: Crude oil deficit to high inflation: How can the Israel-Hamas war impact Indian economy? — Explained -Israeli air and ground forces were stepping up operations in the Gaza Strip amid reports of heavy bombing of the besieged enclave. Several countries, including many Arab states, have urged Israel to delay a planned ground invasion that would multiply civilian casualties and might ignite a wider conflict.

Times of India, adding, that the unions are mulling to implement a five-day workweek in the near future. Earlier on Thursday, the Indian Banks' Association suggested a 15 percent raise, however, along with other alterations, they are also pushing for a more substantial hike. The report says that PNB has started making higher provisions for the wage increase, i.e.

Dividend Stocks: Shares of several companies including Nestle India, Happiest Minds Technologies, Hindustan Unilever Ltd (HUL), Asian Paints, NTPC, Tech Mahindra, among several others will trade ex-dividend in the coming week, starting from Monday, October 30. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout. It is the day the stock becomes ex-dividend, which means it does not carry the value of its next dividend payment from that day forward.

Apple Scary Fast event: MacBook Air, MacBook Air Pro, iMac and everything expected The highlight of the new Apple event is expected to be the launch of the new M3 chipset, which will run on 3-nanometer processors and bring significant improvements over the M2 lineup that was released in June 2022, Bloomberg reported. Bloomberg's Mark Gurnman reported that Apple is likely to unveil two new MacBook Pros, codenamed J514 and J516, powered by the M3 Pro and M3 Max processors.

Buy or sell stocks: After heavy beating for the six straight sessions, Indian stock market witnessed trend reversal during Friday deals. Buying across large-cap, mid-cap and small-cap stocks helped bulls outclass bears. Nifty 50 index gained 190 points and closed at 19,047 levels, BSE Sensex went up 634 points and ended at 63,782 mark while Bank Nifty index shot up 501 points and finished at 42,782 levels.

Investing.com — The Dow slumped Friday, as investors digested contrasting corporate earnings as Amazon and Intel impressed, but underwhelming results from oil majors including Chevron left energy stocks nursing heavy losses.

Investing.com — Oil ended one of its most volatile weeks for the year with a 3% loss as traders raced from one headline to another on the Middle East conflict that brought warring parties Israel and Hamas no closer to a solution despite intense mediation by the United States and other global powers.

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Bitcoin’s (BTC) rise to as high as $35,000 this week has also lifted a number of memecoins, including Floki (FLOKI), which has beaten its top rivals in percentage gains.

Nifty on Friday ended 190 points higher to form a long bull candle on the daily chart. The short-term trend of Nifty seems to have reversed on the upside and the sustainability of this upside bounce could be crucial to call this an important bottom reversal. Nifty is likely to move up further towards the next overhead resistance of around 19,230 levels.

Domestic benchmark index NSE Nifty ended 190.0 points up at 19047.25, while the BSE Sensex closed 634.65 points up at 63782.8. On the other hand, Cupid Ltd, Hind Rectifiers, Swan Energy, AGC Networks and Dynacons Sys stocks hit their fresh 52-week highs today.

Tata Consultancy Services (TCS) have asked employees to return to office three days a week but Infosys, HCL Technologies and Wipro continue to allow employees to come in between one and three days a week. The companies are all nudging employees rather than imposing blanket rules, citing cohesive team work, better data safety, and lower chances of moonlighting. But this stance is in direct contrast to their approach when the hiring frenzy was at its peak.

Maruti Suzuki India (MSIL) jumped over 4% to hit their fresh 52-week high of Rs 10,845 on the NSE following a robust September quarter earnings during market hours on Friday. It was one of the most active stocks on the NSE around 2:30 pm. The price action lifted the Nifty Auto index, which turned out to be the top performing index on Friday with all 15 stocks trading in the green.

Benchmark NSE Nifty closed 190.0 points up at 19047.25 amid buying in frontline bluechip counters. However, stocks such as BCL Industries, Talbros Auto, Sterlite Tech, Godha Cabcon & Insul and Nakoda Group Of Ind, touched their fresh 52-week lows.

stock market. The data was sourced from StockEdge at 1:55 p.m., and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken. (Data Source: StockEdge) 1.