Market Overview
Global markets ended the week on a negative note, with Indian markets also feeling the heat. The sentiment remained subdued throughout the week, with selling pressure intensifying towards the end. However, a late rebound helped limit the losses.
Key Events This Week
This week is expected to be busy, with the release of India's Wholesale Price Index (WPI) inflation and trade balance figures. Additionally, HSBC Composite, Manufacturing, and Services PMI readings will be closely watched for signs of economic momentum.
Market Trends
The GIFT Nifty signals a negative start to the week, with a 0.35% decline. The India VIX, a measure of market fear, fell 2.8% to 10.11 levels.
Global Markets
US stocks ended lower, with the S&P 500 and Nasdaq down over 1%. Asian stocks also slipped, with the Hang Seng and Australia's S&P/ASX 200 falling. The dollar was down, while the euro and sterling held steady.
Investor Activity
Foreign portfolio investors net sold shares worth Rs 1,114 crore, while DIIs were net buyers at Rs 3,869 crore. The rupee depreciated to an all-time low of 90.49 against the US dollar.
Stocks to Watch
Companies like Bandhan Bank are in the F&O ban period, with securities crossing 95% of the market-wide position limit.
- Key takeaways:
- Markets are expected to remain volatile
- India's WPI inflation and trade balance figures will be closely watched
- Global market trends will influence Indian markets
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