Weekly Market Snap:
| Sectoral Indices : Weekly % Change | ||||||
| Top Gainers | CMP | % Gain | Top Losers | CMP | % Loss | |
| CNXREALTY | 643.75 | 10.42 | NIFTYAUTO | 16045.40 | -0.77 | |
| NIFTYMEDIA | 2266.75 | 3.96 | ||||
| NIFTYOILANDGAS | 7773.50 | 2.97 | ||||
| NIFTYPSUBANK | 5055.35 | 2.74 | ||||
| NIFTYCONSURDURBL | 28644.8 | 2.18 | ||||
| Cash Market (Nifty Total Market) | ||||||||||
| Top Price Gainers | CMP | % Gain | Top Price Losers | CMP | % Loss | Top Volume Buzzers | CMP | Vol | ||
| JPASSOCIAT | 18.30 | 39.16 | SYRMA | 510.00 | -15.06 | GREENLAM | 554.20 | 9.84x | ||
| GREENLAM | 554.20 | 28.27 | ACI | 521.00 | -14.22 | PPLPHARMA | 104.65 | 7.95x | ||
| JPPOWER | 11.45 | 23.12 | PRUDENT | 1129.60 | -11.82 | ARVIND | 205.40 | 7.48x | ||
| JINDALSAW | 460.55 | 20.11 | GMDCLTD | 327.25 | -11.23 | THOMASCOOK | 144.50 | 7.20x | ||
| TI | 242.90 | 19.10 | DCMSHRIRAM | 876.00 | -9.81 | BLUESTARCO | 971.70 | 6.84x |
| Futures Market | ||||||||||
| Top Price Gainers | CMP | % Gain | Top Price Losers | CMP | % Loss | Top Volume Buzzers | CMP | Vol | ||
| IDEA | 13.75 | 26.15 | PETRONET | 196.05 | -10.99 | PETRONET | 196.05 | 9.86x | ||
| MCX | 2545.55 | 13.47 | JINDALSTEL | 596.90 | -7.30 | LALPATHLAB | 2594.65 | 5.78x | ||
| OBEROIRLTY | 1231.55 | 12.06 | M&MFIN | 258.25 | -6.87 | IOC | 95.90 | 5.44x | ||
| INDUSTOWER | 188.35 | 11.71 | INDIAMART | 2590.85 | -6.52 | M&MFIN | 258.25 | 5.21x | ||
| GODREJPROP | 1784.40 | 11.37 | IDFC | 113.95 | -5.67 | SBICARD | 747.20 | 4.06x |
The Indian stock market had a good week with the Nifty index closing above 19,200. This positive momentum was driven by several factors, including the US Federal Reserve keeping interest rates stable, lower US bond yields, and stable crude oil prices.
As of November 3, 2023, the S&P BSE Sensex rose by 580.98 points (0.91%) to 64,363.78, and the Nifty 50 index increased by 183.35 points (0.96%) to 19,230.60. The BSE Mid-Cap index went up by 2% to 31,735.86, while the BSE Small-Cap index added 1.90% to reach 37,589.06.
Economic Update:India's foreign exchange reserves fell by $2.36 billion to $583.53 billion by the week ending October 20. This is in contrast to the previous week when reserves increased by $1.153 billion to $585.895 billion.
Gold reserves increased by $1.85 billion to $45.42 billion during the week. However, Special Drawing Rights (SDRs) decreased by $70 million to $17.93 billion, according to the RBI.
India's reserve position with the IMF increased by $6 million to $4.98 billion during the week, according to RBI data.
During the first half of the current fiscal year, India's fiscal deficit reached 39.3% of the full-year target, slightly higher than the 37.3% recorded in the previous year. By the end of September 2023, the fiscal deficit amounted to Rs 7.02 lakh crore, as reported by the Controller General of Accounts (CGA).
From April to September 2022-23, tax revenue reached Rs 11.60 lakh crore, accounting for 49.8% of the annual target, which is 52.3% of the year's annual Budget Estimate (BE).
The central government's total expenditure was Rs 21.19 lakh crore, representing 47.1% of the BE for 2023-24, slightly higher than the 46.2% of the BE for 2022-23.
The S&P Global India Services Purchasing Managers' Index (PMI) decreased to 58.4 in October from 61 in September, indicating a slower rate of expansion. However, it remained above the 50-mark, which separates growth from contraction for the 27th consecutive month.
Reports suggest that the growth was supported by securing new projects, positive demand trends, and favorable market conditions. Yet, competitive pressures and inflationary factors limited the rate of increase, as per surveys conducted among firms.
At the same time, the S&P Global India Composite PMI Output Index dropped from 61 in September to 58.4 in October, showing the slowest rate of expansion since March.
