Stock Market Outlook: Indian stock market recorded its worst loss since the beginning of 2024. This was mainly due to disappointing quarterly earnings of corporates, inflation concerns and foreign investors exiting the market to invest in China. Investors will be keeping an eye on key market triggers in the fourth week of October, including the next set of July-September quarterly results, Middle-East geopolitical tensions, foreign fund outflows, crude oil prices, global cues, domestic and global macroeconomic data. Are prominent. On the other hand, corporate action shares of several leading companies like HCL Technologies, L&T Technology Services and Dalmia Bharat will trade ex-dividend this week, starting from Monday. Some stocks also trade ex-bonus and ex-rights.
The Indian stock market continued its decline for the third consecutive week. The Nifty 50 touched its weakest level since August before closing the week at 24,854, down about 0.50 per cent from the previous week, while the Sensex fell by about 0.20 per cent to end the week at 81,224.75.
Foreign investors withdrew money
Foreign investors pulled out money from India throughout the week as they focused on China. The weakness in Indian indices was triggered by data from index heavyweights and retail inflation which raised expectations of delaying an initial rate cut by the Reserve Bank of India (RBI). Retail inflation in India rose to 5.49 percent in September from 3.65 percent in August, above Dalal Street’s estimate of five percent. This was the highest inflation rate since the beginning of the year, exceeding the RBI’s four per cent target after falling below the threshold in the first two months of the September quarter.
“We expect investment strategies to favor China relative to India could be strategically supportive in the short term,” Fitch said. However, the long-term outlook for the domestic market remains strong with stability in growth and pick-up in capital expenditure.”
This week will be important from a domestic and technical perspective, as investors will keep an eye on corporate results, global markets and macroeconomic data. Shares of HDFC Bank, Kotak Mahindra Bank, Tech Mahindra and some other companies will be in focus on Monday as these companies announced their quarterly results over the weekend.
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Stock Market Outlook: Indian stock market recorded its worst loss since the beginning of 2024. This was mainly due to disappointing quarterly earnings of corporates, inflation concerns and foreign investors exiting the market to invest in China. Investors will keep an eye on key market triggers in the fourth week of October, including the next set of July-September quarter results, Middle-East geopolitical tensions, foreign fund outflows, crude oil prices, global cues, domestic and global macroeconomic data. Are prominent. On the other hand, corporate action shares of several leading companies like HCL Technologies, L&T Technology Services and Dalmia Bharat will trade ex-dividend this week, starting from Monday. Some stocks also trade ex-bonus and ex-rights.
The Indian stock market continued its decline for the third consecutive week. The Nifty 50 touched its weakest level since August before closing the week at 24,854, down about 0.50 per cent from the previous week, while the Sensex fell by about 0.20 per cent to end the week at 81,224.75.
Foreign investors withdrew money
Foreign investors pulled out money from India throughout the week as they focused on China. The weakness in Indian indices was triggered by data from index heavyweights and retail inflation which raised expectations of delaying an initial rate cut by the Reserve Bank of India (RBI). Retail inflation in India rose to 5.49 percent in September from 3.65 percent in August, above Dalal Street’s estimate of five percent. This was the highest inflation rate since the beginning of the year, exceeding the RBI’s four per cent target after falling below the threshold in the first two months of the September quarter.
“We expect investment strategies to favor China relative to India could be strategically supportive in the short term,” Fitch said. However, the long-term outlook for the domestic market remains strong with stability in growth and pick-up in capital expenditure.”
This week will be important from a domestic and technical perspective, as investors will keep an eye on corporate results, global markets and macroeconomic data. Shares of HDFC Bank, Kotak Mahindra Bank, Tech Mahindra and some other companies will be in focus on Monday as these companies announced their quarterly results over the weekend.
Will keep an eye on the results of these companies
Apart from this, many consumer staples, FMCG, auto and banking companies will declare their results in the coming week. Investors will be the first to react to the results of banking giants like HDFC Bank and Kotak Bank. Later, companies like ITC, Hindustan Unilever, ICICI Bank, BPCL, HPCL and UltraTech Cement will also announce their quarterly results.
According to stock exchange data, foreign portfolio investors (FPIs) loaded shares worth over ₹77,701 crore in the secondary market in October 2024 alone, the highest ever monthly outflow from the domestic stock market.
Dalal Street experts said investors may adopt a cautious approach in the near term, waiting for market stability before gradually accumulating large-cap stocks, especially in sectors that have been significantly affected by the ongoing FII selloff. Are.
global signal
US markets ended the week in the green, hitting an all-time high of 43,325 and closing (+0.96 per cent) at 43,275, while UK markets ended the week in positive territory at (+1.27 per cent) 8,358 respectively . US core retail sales increased by 0.5 percent in September, from 0.2 percent in August.