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The Market Whisper: Your Weekly Stock Markets Rundown
October 28 - November 1, 2024
thestock whisperers
October 26, 2024
October 28 - November 1, 2024
📉 Market Woes Continue: Nifty Down Amid FII Sell-Off and Soft Earnings
The Nifty 50 index has fallen 7% over the past month due to heavy foreign portfolio investor (FPI) selling and lackluster corporate earnings. This shortened week, with the Diwali holiday, will see more key earnings releases and economic updates, which could provide fresh cues for the market.
Upcoming Earnings Highlights: Key companies like Bharti Airtel, Maruti Suzuki, Sun Pharma, Cipla, Voltas, and Larsen & Toubro are set to release their Q2 FY25 earnings. Investors are keen to watch for any signs of improvement in consumer demand and corporate performance.
IPO Spotlight: Following strong investor interest, Waaree Energies is set to list on the stock exchanges, along with Deepak Builders & Engineers. Additionally, Godavari Biorefineries will debut later in the week.
📅 Key Events This Week
Date | Event |
|---|---|
Monday, Oct 28 | IPO Listings: Waaree Energies, Deepak Builders & Engineers. |
Results: Bharti Airtel, Sun Pharma, Indian Oil, Ambuja Cements, LIC Housing Finance, Tata Technologies. | |
Tuesday, Oct 29 | Results: Maruti Suzuki, Cipla, Marico, Voltas, Adani Ports, SBI Cards, Adani Enterprises. |
US Data: September job openings and August home prices. | |
Wednesday, Oct 30 | Results: Larsen & Toubro, Dabur India, IRB Infrastructure, Tata Power, Biocon. |
IPO Listing: Godavari Biorefineries. | |
Euro Area and US GDP: Q3 2024 GDP data for both regions to be released. | |
Thursday, Oct 31 | Results: Narayana Hrudayalaya. |
India Fiscal Deficit: September fiscal deficit and infrastructure output data. | |
Japan Interest Rate: Bank of Japan’s interest rate decision. | |
China and Euro Area Data: Manufacturing PMI and inflation for October. | |
US Data: September personal income and spending. | |
Friday, Nov 1 | India Data: Final October Manufacturing PMI, RBI bank loan, and deposit growth. |
India Stock Market Holiday: Closed for Diwali Laxmi Pujan. | |
US Data: October Non-Farm Payrolls, unemployment rate. |
🌍 Global Economic Updates
Japan’s Rate Decision: With inflationary concerns easing, the Bank of Japan will announce its interest rate decision. Any changes could impact the yen and Japanese equities.
China’s Manufacturing PMI: As China struggles with slowing factory activity, investors await October PMI data. A weak reading could signal further economic softening.
Euro Area and US GDP: Both regions will release their Q3 GDP data, with projections showing a slight improvement in the Eurozone and the US economy expanding in Q3. These reports will be closely watched for insights into economic resilience amid global pressures.
US Labor Market Data: The October Non-Farm Payrolls and unemployment rate are expected on Friday, offering a critical update on US job growth trends.
📈 Market Sentiments & Economic Indicators
Investors are navigating a challenging market, with headwinds from weak earnings, global economic uncertainty, and concerns about consumer demand. Watch for cues from this week’s corporate earnings and macroeconomic data, which may help signal potential areas of recovery or continued volatility.
In Advance Happy Diwali to All Investors! 🌟
😊Thank you for subscribing to our Weekly Stock Markets Rundown. Stay tuned for next Saturday.
Disclaimer: The information provided in this newsletter is for informational purposes only and should not be considered financial advice.
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