Weekly Market Update Oct 27

Weekly Market Bulletin - October 27

🔍 Market Snapshot

• Nifty 50: Down 2.71% to 24180
• Midcap 50: Down 6.32% to 15419
• FII: Sold 20024 Cr, DII: Bought 22914 Cr
• Top Movers:Indusind Bank (-23.03%), HDFC Bank (+3.80%)

📊 Sectors in Focus

• Media: Down 7.24%
• Metal: Down 7.23%
• Auto: Down 5.36%

📰 Market News This Week

1. Indian conglomerates are poised to invest $800 billion over the next 10 years:
   About 40% of the investment, however, will be in new areas like green hydrogen, clean energy, aviation, semiconductors, electric vehicles and data centers. Most will come from bolder players: the Tata Group, Gautam Adani, Mukesh Ambani, Sajjan Jindal of JSW and Anil Agarwal’s Vedanta.

2. Rupee Near All-Time Low:
   The Indian rupee remained close to its all-time low against the U.S. dollar, trading at 84.07. This was due to persistent foreign outflows from domestic stocks and rising U.S. bond yields.

📌 Updates and Stock Picks

1. CAMS

   • The recent fall in midcaps has brought CAMS near it’s crucial support level at 4250. The company is expected to release Q2 earnings on 28th. Hence, after the results are announced, if the stock holds above 4250, we reccomend buying in the 4250-4350 range. Target: 4850+ Stoploss: 4000. Check out this Notebook to analyze the fundamentals of the stock.

2. Petronet LNG

   • This stock broke our stoploss level of 343 and hence we exited from our trade. Investors can, however, check out this Notebook to analyze the fundamentals of this stock for long term bets.

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Stay tuned for more updates next week!