googlemarker
Open An Account
Secure With Us
Trade on Mobile

blog

Weekly Market Review
Outlook Of The Week | October 22

Market started the holiday truncated week on an optimistic note despite the weak macro-economic data. India’s IIP slowed down to a three month low of 4.3% in the month of August, 18 as compared to 6.6% in the previous month and 4.8% in the same month last year, while CPI inflation inched up to 3.77% in the month of September, 18 to a 10 month low of 3.69% in the previous month recorded in August, 18. Meanwhile, WPI surged to 5.13% in September, 18 from 4.53% in August, 18 and 3.14% during the corresponding month previous year. Trade deficit declined to $13.98 billion in September from $17.39 billion in August, 18 following slower growth in imports. However, the market took U-turn and pared all of their initial gains on reports that the share of FPI in domestic capital markets through participatory notes hit a nearly nine-and-a-half year low of Rs. 79,548 crore in September, 18.

 DIIs were net buyers of Rs. 1009 crores while FIIs continued to be net sellers of Rs. 1876 crores during the week.

Sector Wise Movement

BSE Auto was down by 847 points or 4.1%, BSE Finance was down by 151.8 points or 2.8%, BSE Consumer Discretionary Goods & Services was down by 98 points or 2.7%, BSE Consumer Durables was down by 487 points or 2.6% to and BSE Realty was down by 35.9 points or 2% were the top losers.

Bajaj Finserv down by 9.1% and HCL Technologies down by 8.8%

While BSE Fast Moving Consumer Goods was up by 211 points or 1.9% and BSE Healthcare was up by 95 points or 0.66% were the only gainers on the BSE sectoral front.

Hindustan Petroleum Corporation (HPCL) up by 19.5% and Oil and Natural Gas Corporation (ONGC) up by 8%

There may be some buzz in the NBFCs sector as the NBFCs have sought a meeting with the Finance Minister.

Traders will be reacting to the corporate results of the important companies i.e, HDFC Bank, Asian Paints, Bajaj Finserv, Bajaj Auto, Kotak Mahindra Bank, Maruti Suzuki India, ITC and etc. 

The market is expected to be volatile and indices will move sideways. Traders are therefore advised to act cautiously and invest in fundamentally good companies on decline.   
COMMENTS
No Comments Found
LEAVE YOUR COMMENT
ABOUT THE BLOGGERS
Mr. Animesh YadavFundamental & Derivatives Analyst

Animesh has spent 3 years covering Indian derivative market with Moneysukh (Derivative Analyst) and Global OTC derivative market with CRISIL GR&A (Research Analyst). Since, June 2018 Animesh led Fundamental and Derivative Research Desk at Satco cove..

View Full Profile
OUR EXPERT BLOGGERS
636711444367691244_original_-_Copy_100x100.jpegMr. Animesh YadavFundamental & Derivatives Analyst
636604381429462200_Webp.net-compress-image.jpgMr. Sumit SrivastavFundamental Analyst
636362323634331715_Optimized-rekha_maam.jpgMrs. Rekha NagraniPrincipal Officer - Insurance
636359828397832919_Optimized-S.T_Gerela.pngMr. S.T GerelaDirector
636356367407637596_naresh1.jpgMr. Naresh TejwaniDirector
Prevent Unauthorised transactions in your account. Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day.....Issued in the interest of investors.  |  No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. |  KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
Dear Client, Pursuant to SEBI regulation, update your KYC details through KRA form with supporting documents at earliest to complete KYC-KRA requirement. If already submitted, kindly ignore. For any information, in this regard, please contact to our KYC Department on 022-66556772/73/74 or email at kyc@satco.co.in.
  • NSE - INZ000198838  | 
  • BSE- INZ000198838  | 
  • MCX- INZ000198838  | 
  • NCDEX- INZ000198838  | 
  • CDSL – IN-DP-CDSL-727-2014  | 
  • PMS - INP000003492  | 
  • RESEARCH – INH000002343
  • © Copyright 2015. SATCO CAPITAL MARKETS LTD. || Designed Developed & Content Powered By Accord Fintech Pvt.Ltd.
VISIT COUNT     5089