Weekly Market Snippets
By: Jay Patel | 1 April, 2023
Market Overview on How market behaved past week?
- This week end was marked with extreme volatile market amid major domestic and global events. There as a cue of events affecting India and global market. Let’s see list of events market: Last Week of Financial Year 2022-23 New Foreign Trade Policy New Tax rules from April 1 News of Jio Finance spin off from Reliance New Rules from SEBI Rise in Small Saving Scheme Rates This week amid some news events Nifty 50 and Sensex ended in negative zone; Nifty 50 rose by 415 points by 2.45% from last week closing whereas Sensex managed to gain 1464 points rising 2.55% this week.
- After reaching three-year lows, Bandhan Bank gains 3.5% in early trading. Government increases interest rates on small savings schemes for April-June by 10-70 basis points. Output of core sectors had increased by 8.90% in January 2023. India’s October-December CAD drops to $18.2 Billion. Following the agreement with Saudi Aramco Technologies, Aether Industries' stock increased by 3%. Bharat Electronics Ltd. (BEL) stock rose 5% in early trading on March 31 after the firm disclosed that the defence ministry had placed orders worth Rs. 5,498 crore. India's Foreign Trade Policy (FTP) 2023 comes out with a goal of increasing shipments to $2 trillion by 2030. Hindustan Zinc and the Rajasthan Cricket Association sign a contract for the construction of a cricket complex. Several EPC projects were given to Larsen & Toubro in the domestic market. According to Crisil, global headwinds would significantly impact the expansion of IT sales in FY24 On April 6 the central bank of india (RBI) will increase the main interest rate by 25 basis points Government funds Rs 800 cr for the installation of 7,432 EV fast charging stations. Sugar prices surge by 10% in March over supply constrained.
- Bank Nifty shown major outperformance rising 1000 points in 2 trading sessions. For Bank Nifty, outperformance would continue till 41,000 levels Reliance may be poised for big up move as it looks to demerge its NBFC business and it would unlock its value. FMCG companies to see revival in demand as retailers stock up for summers. Unseasonal rains to disturb crop productions. Commodities prices are likely to spike after supply shortage. Indian Banks seems to be in strong position compared to global banks. Auto companies may see muted demand in 4 wheeler passenger vehicle section. This Report Is Prepared By Our SR. Research Analyst Jay Patel
To read detailed analysis report, click here
About Investmentor
Investmentor is a platform that offers investors comprehensive investment information and guidance in India. Our team of experienced financial experts and analysts provides valuable insights and recommendations on various investment options, including stocks, bonds, mutual funds, and alternative investments. We also offer educational resources to help investors make informed decisions and achieve their financial goals. Our user-friendly platform provides personalized investment recommendations based on your financial profile and preferences. We aim to empower investors to make wise investment choices and achieve long-term financial success. Investmentoronline.com is your trusted partner for all your investment needs, and the company is a member of NSE, BSE, and NSDL and is widely acknowledged as one of the best online trading platforms in India.
To open account with us today,click here