hello world!

Market Recap 17-10-2024

Sebencapital

Published
17/10/24
Market Recap 17-10-2024


Indian Indices

I) Nifty: opened at 25027 and touched a high of 25029 then a low of 24728 and closed at 24749 with a total of -221 points in Negative

II) Bank Nifty: open 51849 and touched a high of 51930 then a low of 51150 and closed at 51288 With a total of - 512 points Negative

III) Fin Nifty: open 23904 and touched a high of 23924 then a low of 23531 and closed at 23583 With a total of - 298 points in Negative

IV) Nifty Mid Select: open 13185 and touched a high of 13186 then a low of 12976 and closed at 12992 With a total of - 162 points in Negative


NSE Advance and Decline


Nifty 500 Top Gainer


Nifty 500 TOP LOSER


Sectoral Performance


Outperforming stocks vs nifty 500 over 1 week

Source


Underperforming Stock vs Nifty 500 over 1 week

Sourcehttps://trendlyne.com/fundamentals/stock-screener/231110/relative-underperformance-versus-nifty500-over-1-week/index/NIFTY500/nifty-500/


Stock With Rising Volume

NSEhttps://www.nseindia.com/market-data/volume-gainers-spurts


Market Recap:- Headlines

  1. Reliance Industries: The stock saw a positive movement after the company announced better-than-expected quarterly results. Their retail and telecom segments showed strong growth, boosting investor confidence.
  2. Tata Motors: Despite headwinds in the electric vehicle sector, Tata Motors reported solid sales, especially in commercial vehicles, pushing its stock up.
  3. Infosys: The stock dipped following a revenue miss in its Q2 FY24 earnings. While profits were in line with estimates, concerns over margin pressure led to a sell-off.
  4. Adani Enterprises: The company's stock witnessed a mild recovery after a sharp drop earlier in the week, driven by the recovery in energy prices and easing of debt concerns.
  5. HDFC Bank: A robust earnings report helped HDFC Bank maintain investor interest, with strong loan growth and lower-than-expected bad loans.
    ----------------------------------------------------------------------------------------------------------------------

IPO Update - Hyundai Motor India

The Hyundai Motor India IPO closed its bidding today. The issue price range was ₹1865-₹1960 per share, with the IPO aiming to raise ₹27,870 crore. This is one of the largest IPOs in Indian market history, driven by Hyundai’s consistent growth and future expansion plans. The shares are expected to be listed on October 22, 2024.
----------------------------------------------------------------------------------------------------------------------------
Sources:-
chittorgarh| bit


Written by Sauravsingh

Techpreneur and adept trader, Sauravsingh Tomar seamlessly blends the worlds of technology and finance. With rich experience in Forex and Stock markets, he's not only a trading maven but also a pioneer in innovative digital solutions. Beyond charts and code, Sauravsingh is a passionate mentor, guiding many towards financial and technological success. In his downtime, he's often found exploring new places or immersed in a compelling read.

Copyright @ Seben Capital

Crafted By Cre8r.in  and Supported By $BACKRCOIN