Weekly Stock Market Updates | Expert Insights | Parkavi Finance
"Hello friends! Welcome back to Parakavi Finance. This is your weekly stock market update video.
In this video, we'll cover this week's market trends, key events, and expert-recommended Nifty levels for next week. Plus, we'll discuss the important December Time Cycle Event. Let's get started!"
1. Market Performance Review
"Indian stock indices ended higher for the 4th consecutive week. The market absorbed various domestic and international economic data. Confidence in the government's H2FY25 spending boosted the market.
This week's market results:
- Nifty 50 up 0.4% to 24,768.3 points.
- Nifty Midcap up 0.2% to 47,776.6 points.
- Nifty 500 up 0.2% to 23,358.9 points."
2. Key Market Drivers
"Key factors impacting the market this week:
1️⃣ RBI's CRR cuts: A 50 basis points cut last week was a positive surprise, considering the wedding season and advance tax payments.
2️⃣ CPI Data: India's November CPI recorded at 5.48%. Lower food prices increased hopes for a rate cut in February 2025.
3️⃣ International News: US CPI at +2.7% YoY. This supports a 25 basis points cut, expected to be announced at the US Fed meeting on December 18."
3. Sector Performance
"Now, let's see how sectors performed this week:
Top Gaining Sector: IT sector up 2.6%, supported by US economic growth and a weaker rupee.
Other Gaining Sectors:
- BSE Consumer Durables: +1.8%
- Realty: +0.7%
- Capital Goods: +0.3%
- Metal: +0.2%
Declining Sectors:
- FMCG: -1.5% (due to Godrej Consumer Products guidance)
- Healthcare: -1.0%
- Oil & Gas: -0.9%
- PSU: -0.8%."
4. FII & DII Activities
"Let's look at FII and DII activities this week:
Foreign Institutional Investors (FIIs): Net sellers with ₹3,486 crore worth of trades.
Domestic Institutional Investors (DIIs): Net buyers with ₹3,612 crore investments.
This tug-of-war helped stabilize the market."
5. IPOs and Block Deals
"The primary market was active with five major IPOs opening for subscription (e.g., Inventurus Knowledge Solutions, Sai Life Sciences).
Significant block deals included:
- Nuwama Wealth: Complete exit by Edelweiss Group.
- Neuland Labs and Awfis Space Solutions: Notable activities recorded."
6. December Time Cycle Event
"Now, let's discuss the important December Time Cycle Event. Historically, Nifty has seen significant drops in mid-December:
- 20-21 December 2023: Nifty dropped 613 points.
- 21-23 December 2022: 700 points drop in three days.
- 13-20 December 2021: 1,230 points drop in six days.
These historical data points indicate high volatility in December. Stay cautious!"
7. Nifty Levels
"Key Nifty levels for next week:
- Support zone: 24,500-24,450; if broken, next level is 24,200.
- Resistance levels: 25,100 and 25,300."
8. Upcoming Key Events
"Key events to watch next week:
1️⃣ US Fed, BoE, and BoJ interest rate announcements. 2️⃣ US Q3CY24 GDP data release."
"Did this week's market update help you? If yes, don't forget to like, share, and subscribe! Comment below on topics you're interested in. Thank you! See you in the next video!"
Discover the Latest Indian Stock Market Updates | Parkavi Finance
Stay ahead in your trading journey with Parkavi Finance! In this video, we bring you the latest updates on the Indian stock market as Nifty 50 marks its 4th consecutive week of gains amidst high volatility. We decode the impact of the RBI’s CRR cut, India’s CPI inflation data, and global cues like the US Fed’s upcoming rate decision. Plus, explore a critical December Time Cycle Event for Nifty, analyzing historical patterns of sharp corrections.
Topics Covered:- Market Overview: Weekly performance of Nifty, MidCap, and Nifty 500.
- Key Drivers: Impact of RBI’s CRR cut, CPI inflation data, and global cues.
- Sector Performance: Top gainers (IT) and underperformers (FMCG).
- Institutional Activity: FIIs as net sellers; DIIs as net buyers.
- Primary Market Trends: IPO buzz and block deal activity.
- Time Cycle Event: Historical Nifty corrections in December.
- Nifty Levels: Support at 24,500-24,450; resistance at 25,100-25,300.
- Upcoming Events: US Fed, BoE, and BoJ decisions; US GDP data release.
Stay informed and ahead in your trading journey! Don't forget to like, share, and subscribe for more updates. Comment below on topics you're interested in. Thank you for watching!
#Nifty50 #StockMarketUpdate #DecemberTimeCycle #FIIDIIActivity #IndianEconomy #SectorPerformance #CRRCutImpact #InflationData #TradingTips #ParkaviFinance
0 Comments