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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.   
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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..

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636711444367691244_original_-_Copy_100x100.jpegMr. Animesh YadavFundamental & Derivatives Analyst
636359828397832919_Optimized-S.T_Gerela.pngMr. S.T GerelaDirector
636356367407637596_naresh1.jpgMr. Naresh TejwaniDirector
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