Week Financial News

Mechanical aspects of the market took over on Friday after the surprise job report. The job growth was nearly double what was expected, while unemployment and wage growth were basically within the same range they had been for months.

U.S. stocks rallied on Friday, with the S&P 500 and Nasdaq registering their biggest daily percentage gains since late August as investors digested a U.S. jobs report that showed hiring rose broadly in September while wage growth slowed.

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Nifty 50, Sensex decline on Israel-Hamas war: 5 factors that weigh on market sentiment On Monday, Nifty 50 opened at 19,539.45 against the previous close of 19,653.50 and fell 0.90 per cent to the day's low of 19,480.50 while the Sensex opened at 65,560.07 against the previous close of 65,995.63 and fell 0.85 per cent to the day's low of 65,434.61 in Monday's trade so far. Last week, the Nifty formed a small bullish candle with a lower shadow on the weekly chart, indicating buying near the 20-weekly simple moving average.

TCS share price: After announcement of proposal for buyback of shares on 11th October 2023 board meeting, shares of Tata Consultancy Services (TCS) witnessed strong buying interest during morning deals on Monday. TCS share price today opened upside and went on to hit intraday high of ₹3,679 per share on NSE, which is its new 52-week high as well.

TCS, Infosys, HCL Technologies, Avenue Supermarts, and HDFC Life Insurance Company would be releasing their September quarter report cards this week. Here’s a list: October 9 KPI Green Energy, Avantel, Dhampur Bio Organics, Evergreen Textiles, and Betala Global Securities will announce their Q2 results on October 9.

The author, Rupak De is Senior Technical analyst at LKP Securities Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions."Exciting news! Mint is now on WhatsApp Channels

Earnings preview: Experts expect more misses than hits in Q2; how can it impact market sentiment? The projections suggest that the earnings in the second quarter will generally remain steady, characterized by a mix of successes and shortcomings. Notably, IT sectors might show weaker figures, while industries like BFSI (banking, financial services, and insurance), auto, and pharma are expected to report robust performances. October 11 (Monday): Delta Corporation, Plastiblends India, Samhi Hotels, SignatureGlobal India, Tata Consultancy Services, and Zaggle Prepaid Ocean Services.

Read more. Four more remains were discovered on October 7, and the death toll from the Sikkim flash flood reached 30. There are currently 81 persons missing, for whom search efforts are underway.

Also Read: India's bond yield posts biggest single-day jump in 17 months; What's fuelling the rise? On Friday, October 6, Nifty 50 closed at 19,653.50, up 108 points, or 0.55 per cent while Sensex closed 364 points, or 0.55 per cent, higher at 65,995.63. The BSE Midcap index rose 0.66 per cent while the smallcap index ended 0.56 per cent higher. Global cues were also positive after a pause in a bond market sell-off.

Warren Buffett's Berkshire Hathaway continued selling off more of its HP Inc. shares this week at a loss and dropped its stake below 10% of the maker of printers and computers

IPOs Next Week: The primary market witnessed some major listings in both main board and small- and medium-sized enterprise (SME) segments last month and in October's first week, which kept investors engaged with subscriptions and listings. Moving on, the second week of October sees strong market buzz - as new initial public offering (IPO) issues are closing and a bunch of companies are set to make their debut on D-Street. During the period September 30 – October 6, two mainboard IPOs Valiant Laboratories and Plaza Wires opened for listing raising an amount of ₹223.74 crore, according to market observers.

maintained a status quo on repo rates and policy stance, in line with Street expectations. The central bank also retained its policy stance as the "withdrawal of accommodation" with five out of six MPC members voting in favour of this. Apart from this, strong macroeconomic indicators and resilience imparted by domestic investors also boosted sentiments by the end of the volatile week.

DLF, HDFC AMC and IndusInd Bank are top three buy ideas from Rupak De, Senior Technical analyst at LKP Securities, for the week ahead. DLF, he said, has broken out of its recent consolidation pattern and has consistently remained above its crucial moving average. Edited excerpts from a chat: With little participation from bank stocks, Nifty eked out a modest gain in the week. How does the trade set-up look like now? Nifty ended the week with a modest gain despite selling in the banking sector. Overall, the sentiment is expected to stay positive as long as it maintains above the critical support level of 19,500 as put writers are likely to offer support at this level. On the upside, resistance is positioned around 19,750-19,800. A strategy of buying on dips would be favorable as long as it holds above 19,500.

Arvind And Company Shipping IPO: The initial public ofering (IPO) of Arvind and Company Shipping Agency Limited is going to hit primary market on 12th October 2023 i.e. on Thursday next week.

Buy or sell stocks: On account of strong global market cues, Indian stock market advanced for second straight session on Friday last week. Nifty 50 index gained 107 points and closed at 19,653 levels, BSE Sensex shot up 364 points and ended at 65,995 mark whereas Bank Nifty index finished 147 points higher at 44,360 levels.

mental fitness becomes a top priority. For Nitish Mittersain, Joint Managing Director and CEO of Nazara Technologies, achieving this balance is crucial. “I have crafted a regimen that combines physical activity, intellectual stimulation, and a commitment to self-care.

Luxury real estate, political donations, investments, and magazine covers. A year ago, that was the life of Sam Bankman-Fried, Assistant U.S. Attorney Thane Rehn remarked during the opening statements of the world's most famous crypto trial.

₹200 crore wedding that saw celebrity performances in UAE. ALSO READ: Actors Huma Qureshi, Kapil Sharma get ED summons in Mahadev betting case Officials say that the Mahadev Online Book Betting app is an umbrella syndicate that enabled illegal betting websites to enroll new users, create user IDs, and the laundering of money through a layered web of benami bank accounts.

Investing.com — Things are beginning to look up for the natural gas bull, after months and months of haplessness.

Solana (SOL) price experienced a 20% gain between Sept. 28 and Oct. 6, but is the rally a tandem move with Bitcoin (BTC) price or is it being driven by other factors. Prior to the price breakout, or perhaps, it’s recovery, SOL faced a turbulent period after a U.S. court approved the sale of $1.3 billion in SOL from the bankrupt exchange FTX.