Weekly Market Round-off by Shrikant Chouhan, Head of Equity Research, Kotak Securities
Below the Quote on Weekly Market Round-off by Shrikant Chouhan, Head of Equity Research, Kotak Securities
The Nifty 50 and the Sensex 30 index ended the week marginally lower. However, the BSE midcap and the BSE small cap index witnessed some rebound post the sharp decline in earlier week. On the sectoral front, the performance remained mixed. BSE Capital Goods, BSE Healthcare and BSE Auto indices gained close to 2%.
On the other hand, BSE FMCG and BSE Metals declined around 2%. In recent weeks, the equity markets have turned volatile amid increased geo-political concerns. In the US, the September’s consumer price index rose 0.2% on a monthly basis and 2.4% annually, and was slightly higher than economist polls. Global investors will be keenly looking forward towards the press conference to be held by China’s Ministry of Finance on Saturday. With the start of Q2FY25, we could see stock specific action over the next few weeks based on earnings and management commentary. Risk sentiments is expected to be influenced by volatile commodity prices, geopolitical turmoil, global monetary easing cycle and flows to China.
Above views are of the author and not of the website kindly read disclaimer
More News
Pre-Market Comment Quote on by Hardik Matalia , Research Analyst, Choice Broking