Weekly Market Update Nov 10

Weekly Market Bulletin - November 10

🔍 Market Snapshot

• Nifty 50: Down 0.64% to 24148
• Midcap 50: Up 0.05 to 15656
• FII: Sold 19637 Cr, DII: Bought 14391 Cr
• Top Movers: Mahindra and Mahindra (+5.07%), Coal India (-6.75%)

📊 Sectors in Focus

• IT: Up 4%
• Media: Down 3.3%
• Realty: Down 4.1%

📰 Market News This Week

1. FPIs offload ₹19,994 crore from Indian equities on US market uptrend: Foreign portfolio investors (FPIs) stood disinterested in Indian markets, starting November on a dull note amid the uptrend in the US market, which was fueled by Republican Donald Trump’s victory in the US presidential elections and the latest US Federal Reserve’s interest rate cut verdict.

2. **China’s 10-year bond yields drop amid $1.4billiondebtrefinancingprogram,morestimulusawaited:\ast \ast YieldforChin{a}^{\prime }sbenchmark10-yearbondshaveslidtotheirlowestinoveramonthafterthegovernmentannouncedits10trillionyuanor$1.4 billion worth debt refinancing programme.

📌 Updates and Stock Picks

1. Page Industries:
   • Our previous week recommendation, Page Industries, has surpassed our target. We now recommend exiting from this stock. However, investors looking to hold this stock for long term can check out this notebook for the fundamental analysis of the stock.

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Stay tuned for more updates next week!