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Upcoming record dates for dividends, bonus issues, and stock splits are expected to keep companies like HAL, Reliance, and ONGC in focus. To be eligible, shareholders must have their shares in demat accounts by the record date. The list of companies, each with specific actions, highlights the slated events for the next week.

Shah stated that the zone of 50,800-50,900 would be the immediate hurdle for the index as the 20- and 50-day EMA were placed in that region. He further added that any sustainable move above the level of 50,900 would lead to a sharp upside rally up to the level of 51,700, followed by 52,300 in the short term.

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West Texas Intermediate (WTI) and Brent Crude are the main types of crude oil traded globally. WTI, mainly sourced from the United States, is lighter and has a lower sulfur content compared to Brent, making it easier and more cost-effective to refine into gasoline and other petroleum products.

Weekly market trends: Sectors in focus & outlook

Updated at : 2024-08-17 13:20:01

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Global markets were mixed last week, while Indian markets showed resilience despite bad job data and unchanged RBI rates. During the earnings season, FMCG stocks rallied steadily, and the Pharma sector saw significant gains. The Nifty index remained range-bound but positive, with key levels to watch at 24,250 on the downside and 24,750 as resistance.

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Bitcoin remained within the $58,000 to $59,000 range amid significant economic data and geopolitical tensions. Investors monitored Consumer Price Index figures, retail earnings, and geopolitics. Key support for Bitcoin was $56,300, with resistance at $58,660. Ethereum faced challenges above $2,400. Goldman Sachs purchased $418 million in Bitcoin ETFs, highlighting increasing institutional adoption.

The Indian stock market rally may face disruptions if liquidity decreases. Hemant Shah of Seven Islands PMS highlighted that FIIs have been bearish due to global factors. Investors should focus on value and visibility, and stagger their investments. Sectors like large-cap IT and private banking are particularly vulnerable to selling pressure from FIIs.

The stock market experienced a bullish week, with 43 stocks posting double-digit gains. Inox Wind Energy spearheaded the small-cap surge with a remarkable 35% gain. Kitex Garments and Suprajit Engineering also impressed with gains exceeding 25%. Gravita India, Panacea Biotech, Inox Wind Ltd, and Sarda Energy delivered robust returns between 20% and 25%, contributing to a positive overall market sentiment.

Next week will be another busy one for the IPO market, with four new offerings opening for subscription. Orient Technologies and Interarch Building will be available for investment, while Brace Port Logistics and Forcas Studio will join the SME segment. In addition to these new issues, the market will also witness the listing of five companies, including Saraswati Saree Depot, which generated significant investor interest this week.

The 1QFY25 corporate earnings report revealed both growth and challenges in India’s market. The Nifty50’s earnings rose 4% YoY, aided by companies like HDFC Bank and Tata Motors, despite setbacks from Oil Marketing Companies. The auto sector displayed strong volume growth, while IT services and healthcare sectors met expectations with promising future outlooks.

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