Weekly Market Update | HDFC Securities

Introducing the latest weekly markets recap from HDFC Securities, covering the period of 15th July to 19th July, 2024. Dive into the dynamic world of Indian stock markets with our weekly roundup curated by our In-house expert. Stay ahead of the game as we unravel market insights, top gainers and losers and the share market buzz.
Nifty this week
-Nifty witnessed a correction on Friday but ended the week 0.1% higher.
-All eyes will be on the budget next week to gain a sense of the government’s policy priorities over the next five years.
Markets This Week
-Mid and small cap stocks witnessed profit booking this week.
-The B S E Midcap index and the BSE Smallcap Index fell 2.63 percent and 2.84 percent respectively during the week.
-Nifty IT was among top gainers up 2.3% on better than expected results and rising optimism about interest rate cuts in the US.
-The Nifty FMCG index was also up 2.3%
-Nifty media was down 5.4% and the biggest loser this week
-The Nifty Metal index fell 4.7% after China reported weaker than expected G D P growth.
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