Weekly Market Update

Weekly Market Bulletin - October 13

🔍 Market Snapshot

• Nifty 50: Down 0.2% to 24964
• Midcap 50: Up 0.81% to 16521
• FII: Sold 27676 Cr, DII: Bought 31363 Cr
• Top Movers: Titan (-5.74%), Divis Lab (+13.2%)

📊 Sectors in Focus

• Auto: Up 2.1%
• Pharma: Up 1.97%
• FMCG: Down 2%

📰 Market News This Week

1. Q2 results could be India’s worst since 2020:
   Analysts predict Nifty’s earnings will grow only 2% in the September quarter. This slowdown is driven by demand issues. Sectors like BFSI, healthcare, and utilities may see some growth, while commodity sectors struggle.

2. China announces more fical stimulus:
   China pledged on Saturday to “significantly increase” debt to revive its sputtering economy, but the overall size of the stimulus is yet to be revealed. This would help revive China’s recent ecoomic slowdown

📌 Stock Picks for the Week

1. Thangmayil Jewellery

   • Rationale: The stock broke it’s all time high on wednesday and has pulled back and taken support at the previous all time high. We expect it to continue it’s upward momentum here. Target: 2650. Stoploss: 2500

2. Petronet LNG

   • Rationale: After trending downwards for the past 1 month, the stock has now bounced back crossing over and taking support on it’s 50 EMA. Target: 375+. Stoploss: 344

---

Stay tuned for more updates next week!