💫 Market Metrics: Weekly Roundup
⭐ Sensex: 81,688.45 ⬇️
⭐ Nifty 50: 25,014.60 ⬇️
⭐ Nifty Bank: 51,462.05 ⬇️
⭐ Nifty Smallcap 100: 18,758.65 ⬇️
⭐ Nifty Midcap 100: 58,474.45⬇️
✨ Market Performance Key Takeaways For The Week
🌟 A three-week-long bull run crashed as bears took control of the market this week and forced the Nifty to sharply decline by 4.31%, closing just above the 25000 mark.
🌟 As the markets effortlessly broke through last week’s anticipated support level, 25500 is now expected to serve as stiff resistance, and 25300 is anticipated to be the immediate resistance level, while 24500-24750 could be considered as the potential support level.
🌟 As volatility is expected to remain elevated, market participants are advised to monitor global developments as well as regulatory updates, exercise caution with short positions, and avoid unnecessary risks.
🌟 BANKNIFTY faced a very tough week as it lost 2200 points within just four days, marking its highest weekly loss this year. While caution is advised in interpreting any short-term bounces, 51300-51100 is now expected to serve as a very critical support zone, and 52350-52500 is anticipated as resistance zone and most challenging.
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✨ News Highlights For The Week
🌟 Mankind Pharma secures CCI approval for ₹13,360-crore worth acquisition of Bharat Serums and Vaccines
🌟 Temasek in talks to pick minority stake in Haldiram's at $11 bn valuation
🌟 HDFC Bank shares: $1.8 billion of MSCI flow expected next month
🌟 Adani Group seeks to invest $900 million in Tanzania power lines
🌟 Swiggy gets investor approval to increase IPO size to Rs 5,000 crore
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Disclaimer: https://bit.ly/3usSGoH
Sources: Angel One Research | Mint | BS | ET | ET | FE |
Date: October 04, 2024
⭐ Sensex: 81,688.45 ⬇️
⭐ Nifty 50: 25,014.60 ⬇️
⭐ Nifty Bank: 51,462.05 ⬇️
⭐ Nifty Smallcap 100: 18,758.65 ⬇️
⭐ Nifty Midcap 100: 58,474.45⬇️
✨ Market Performance Key Takeaways For The Week
🌟 A three-week-long bull run crashed as bears took control of the market this week and forced the Nifty to sharply decline by 4.31%, closing just above the 25000 mark.
🌟 As the markets effortlessly broke through last week’s anticipated support level, 25500 is now expected to serve as stiff resistance, and 25300 is anticipated to be the immediate resistance level, while 24500-24750 could be considered as the potential support level.
🌟 As volatility is expected to remain elevated, market participants are advised to monitor global developments as well as regulatory updates, exercise caution with short positions, and avoid unnecessary risks.
🌟 BANKNIFTY faced a very tough week as it lost 2200 points within just four days, marking its highest weekly loss this year. While caution is advised in interpreting any short-term bounces, 51300-51100 is now expected to serve as a very critical support zone, and 52350-52500 is anticipated as resistance zone and most challenging.
……………………………………………………………………………………………………………………………………………………..
✨ News Highlights For The Week
🌟 Mankind Pharma secures CCI approval for ₹13,360-crore worth acquisition of Bharat Serums and Vaccines
🌟 Temasek in talks to pick minority stake in Haldiram's at $11 bn valuation
🌟 HDFC Bank shares: $1.8 billion of MSCI flow expected next month
🌟 Adani Group seeks to invest $900 million in Tanzania power lines
🌟 Swiggy gets investor approval to increase IPO size to Rs 5,000 crore
————————x———————
Disclaimer: https://bit.ly/3usSGoH
Sources: Angel One Research | Mint | BS | ET | ET | FE |
Date: October 04, 2024