Author: Vicky Nagar
Vicky Nagar
Vicky Nagar is an equity trader with 5+ years of experience in trading and investing. He has expertise in equity valuation, sectoral analysis, index analysis, and in identifying the market trends. He is a NISM Certified Research Analyst. Formerly a relationship manager at Kotak Mahindra Bank Limited in the Agri-Business Group, he also has teaching experience at KS School of Business Management, Gujarat University, and as an Academic Associate at IRMA (Institute of Rural Management Anand). He holds a BBA (Gold Medalist) and an MBA (Gold Medalist) in Marketing.
Weekly Market Snap: Sectoral Indices : Weekly % Change Top Gainers CMP % Gain Top Losers CMP % Loss CNXREALTY 587.50 2.06 NIFTYFMCG 51577.90 -0.05 CNXIT 32341.70 1.75 NIFTYCONSURDURBL 29341.65 1.36 NIFTYMEDIA 2286.75 0.82 NIFTYCONSUMPTION 8485.6 0.30 Cash Market (Nifty 500) Top Price Gainers % Gain Top Price Losers % Loss Top Volume Buzzers Qty GODREJIND 26.24 FLUOROCHEM -6.70 GODREJIND 17.51x ECLERX 19.21 BCG -5.56 KPIL 7.59x PCBL 16.92 TRITURBINE -5.41 METROBRAND 7.19x INFIBEAM 14.08 JBMA -5.35 ECLERX 5.80x KALYANKJIL 13.45 CGPOWER -5.3 PNBHOUSING 5.44x Futures Market …
The Reserve Bank of India (RBI) has recently made a significant announcement regarding its monetary policy and economic outlook. In its latest update, the RBI decided to keep its benchmark repo rate unchanged at 6.5% for the fourth consecutive time, while maintaining a hawkish policy stance aimed at the "withdrawal of accommodation." Let's delve into the key highlights and forecasts from this important announcement. Steady Repo Rate: The RBI's decision to maintain the repo rate at 6.5% marks the fourth consecutive time it has remained unchanged. The repo rate is the rate at which commercial banks can borrow money from…
Weekly Market Snap: Sectoral Indices: Weekly % Change Cash Market (Nifty 500): Futures Market: Weekly Market Movement: The Indian stock market witnessed a downward trend for the second consecutive week, as concerns about rising oil prices and anticipation of increased US interest rates led to foreign institutional investor (FII) selling. However, the broader market performed better than the major indices, with the BSE Mid-Cap and Small-Cap indices gaining over 1% each. For the week ending September 29, 2023, the S&P BSE Sensex decreased by 180.74 points or 0.27%, settling at 65,828.41. Similarly, the Nifty 50 index lost 35.95 points or…
Weekly Market Snap: Weekly Market Movement: The Indian stock market witnessed a significant bout of profit booking during the week ending September 22, 2023, marking a sharp contrast to the continuous gains witnessed in the previous three weeks. The Sensex concluded just above the 66,000 level, while the Nifty settled slightly above 19,650. The broader market, represented by the BSE Mid-Cap and Small-Cap indices, faced persistent selling pressure for the second consecutive week. The week saw a sell-off in many sectors, including IT, metals, and banks. IT stocks were under pressure due to concerns about a global economic slowdown. Metal…
The FOMC (Federal Open Market Committee) maintained policy rates at 5.25-5.50%, as was widely expected. The statement maintained a hawkish tone and discussed conditions that would warrant further policy tightening. The "dot plot" indicated a median expectation for one more 25 basis points (bps) rate hike in 2023. A hawkish surprise came for 2024, with both median rate expectations for 2024 and 2025 rising by a full 50 bps, reducing the implied rate cuts for 2024 to 50 bps. During the press conference, Powell emphasized the challenges of forecasting and the mixed track record of forecasters. Inflation Concerns: Acknowledges the…
In a remarkable achievement, India has witnessed a rapid surge in electric vehicle (EV) sales, surpassing the one-million mark in just under nine months of 2023. This milestone, previously taking a full year to achieve in 2022, marks a significant shift in the country's automotive landscape. According to data sourced from the Ministry of Road Transport and Highways' Vahan Dashboard, an impressive 1,037,011 EVs were registered with regional transport offices by September 19, accounting for 6.4% of total automobile sales this year. The driving forces behind this surge include increased individual purchases and substantial business-to-business (B2B) acquisitions by EV fleet…
Weekly Market Snap: Weekly Market Movement: Indian stock markets continued their upward trajectory for the third consecutive week, with benchmark indices reaching record highs. The S&P BSE Sensex surged past the 67,800 level, while the Nifty 50 index settled comfortably near the 20,200 mark. However, the broader market, represented by the BSE Mid-Cap and Small-Cap indices, deviated from the trend, concluding a three-week upward trajectory. The Sensex posted impressive growth, surging by 1,239.72 points or 1.86% to reach a closing value of 67,838.63. Similarly, the Nifty 50 index exhibited strength, advancing by 372.40 points or 1.88%, ultimately closing at 20,192.35.…
Weekly Market Snap: Weekly Market Movement: Indian equity markets had a strong second consecutive week, maintaining their positive trend. The broader market continued to outperform for the third consecutive week, and the Nifty index settled comfortably above 19,800. Benchmark indices recorded gains in all five trading sessions of the week. For the week ending September 8, 2023, the S&P BSE Sensex surged by an impressive 1,211.75 points (1.85%) to close at 66,598.91. Similarly, the Nifty 50 index showed robust growth, advancing by 384.65 points (1.98%) to close at 19,819.95. The BSE Mid-Cap index demonstrated remarkable strength, surging by 3.93% to…
About the Company: Jupiter Life Line Hospitals Limited, founded in 2007, is a renowned healthcare institution specializing in various medical fields. It provides advanced healthcare services in the Mumbai Metropolitan Area (MMR) and the western region of India. Purpose of the IPO The company aims to use the funds raised from the IPO for two main purposes: Paying off loans obtained from banks by the company and its subsidiary. Meeting general corporate needs and expenses. Promoter Ownership The current promoters hold 40.69% of the company's shares before the IPO Company Overview Jupiter Hospital, the first of its kind, is strategically…
Weekly Market Snap: Weekly Market Movement: In the week ending September 1, 2023, Indian equity markets witnessed a significant turnaround, ending a five-week losing streak. The Nifty index closed above 19,400, and benchmark indices saw gains in four out of five trading sessions. The S&P BSE Sensex surged 0.77%, gaining 500.65 points to settle at 65,387.16, while the Nifty 50 index added 0.88%, closing at 19,435.30. Additionally, the BSE Mid-Cap index advanced 2.34%, ending at 31,435.62, and the BSE Small-Cap index gained 3.78%, closing at 37,420.53. However, concerns lingered due to a monsoon deficit and foreign institutional investors' continuous selling,…