Weekly Market Update Nov 3

Weekly Market Bulletin - November 3

🔍 Market Snapshot

• Nifty 50: Up 0.5% to 24304
• Midcap 50: Up 1.49% to 15649
• FII: Sold -14415 Cr, DII: Bought 9786 Cr
• Top Movers: Adani Enterprises (+9.19%), Tech Mahindra (-6.59%)

📊 Sectors in Focus

• Media: Up 7%
• Metal: Up 3.7%
• IT: Down 3.8%

📰 Market News This Week

1. Foreign Portfolio Investment (FPI) Trends: FPIs withdrew a record ₹94,000 crore from Indian equities in October highlights concerns of high market valuations.

2. Fed prepares rate cuts amid economic contradictions:
   Federal Reserve officials are expected to cut interest rates by a quarter percentage point at their meeting Thursday because inflation has continued to make progress toward their 2% goal.

📌 Updates and Stock Picks

1. Page Industries:
   • Page industries has been making higher highs and higher lows, with support at 50 EMA. It has once again taken support at the 50 EMA and hence we expect it to make another higher high. CMP: 43399 Target: 46500 StopLoss: 42000. Investors can check out this notebook for the fundamental analysis of the stock

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Stay tuned for more updates next week!