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  • Anuradha Mishra

Weekly Market Wrap - (week ending 27th January 2024)

" 📈 Weekly Roundup: Key Highlights from the Market''

In the recent week, Losses were primarily led by select banking and IT heavyweights, such as HDFC Bank, Tech Mahindra, and TCS. The dimming hopes for an early rate cut by the US Federal Reserve have added pressure to the market sentiment.

''📈Market Analysis''

The Nifty 50 opened at 21,454.60, experiencing a dip of 207 points to reach an intraday low of 21,247.05. However, it recovered slightly to close 101 points lower at 21,352.60. Similarly, the Sensex opened at 71,022.10, dropped 741 points to touch an intraday low of 70,319.04, and concluded the day 360 points lower at 70,319.04.

''🏦 Sectoral Movement ''

📈 Market Close Analysis: The market concluded on a lower note, with the Sensex down 259.58 points and Nifty down 36.70 points. Gainers included Coal India, Adani Ports, Adani Enterprises, Kotak Mahindra Bank, and ICICI Bank, while top losers featured HUL, M&M, TCS, IndusInd Bank, and HCL Technologies. The banking, metal, and power sectors exhibited positive momentum, while FMCG, IT, pharma, and realty faced downward pressure.

''Market Indices at a Glance''
  • Sensex: 70,700.67 (-359.64 points, -0.51%)

  • Nifty 50: 21,352.60 (-101.35 points, -0.47%)

  • Nifty Bank: 44,866.15 (-216.25 points, +0.48%)

📈 Market Resonance: Amidst the market turbulence, mid and small-cap stocks exhibited resilience, with the BSE Midcap index ending with a marginal loss of 0.36%, while the Smallcap index bucked the trend and closed with a gain of 0.54%. Today's market movement underscores the importance of staying vigilant and well-informed to navigate through investment decisions in the ever-changing market landscape.

📈 Market Update: Nifty 50 Movement :Today witnessed significant fluctuations in the Nifty 50 index:
Opening: The Nifty 50 commenced the day at 21,454.60, edging slightly above the previous close. Intraday Dip: However, it faced immediate downward pressure, plummeting 207 points to reach an intraday low of 21,247.05. Recovery: Despite the initial setback, the index managed to recover some ground but closed lower at 21,352.60, marking a decline of 101 points or 0.47%.

In essence, the present outlook advocates for a measured and thoughtful strategy, acknowledging the poised potentials of both Nifty and Sensex. Stay connected for real-time updates and expert perspectives, navigating the nuanced contours of the financial landscape together.

📉 Market Update: Sensex Movement : The Sensex also experienced notable movement during today's trading session:
Opening: The Sensex opened at 71,022.10, slightly below the previous close. Intraday Decline: It experienced a steep decline of 741 points to touch an intraday low of 70,319.04. Final Figures: The index concluded the session at 70,319.04, registering a decline of 360 points or 0.51%.
Conclusion: In the unfolding narrative of the stock market, Nifty continues to command attention as a beacon of insight. As we embark on the journey into [current year], staying attuned to Nifty's fluctuations promises to offer valuable cues for investors navigating the intricate realm of Indian equities. Keep an eye on Nifty – the heartbeat of the market.


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Market Highlights :

  • Another significant factor exacerbating market volatility is the increasing attractiveness of bond yields. Foreign Portfolio Investors (FPIs), drawn by higher yields in the bond market, are reallocating their investments away from Indian equities. This shift in capital allocation adds to the selling pressure on stocks, contributing to the downward trajectory witnessed in recent sessions.

  • Anticipating the Union Budget 2024, the energy sector is optimistic about policy stability, increased emphasis on green hydrogen, potential GST rate reductions, and improved access to subsidies and climate finance. Stakeholders in power, renewables, and new energy eagerly await announcements on these crucial aspects in the forthcoming interim budget speech on February 1.

  • Union Minister Ashwini Vaishnaw announced that India is set to unveil its first domestically produced chip by December, crediting Prime Minister Narendra Modi for swiftly fostering a robust semiconductor industry. Vaishnaw highlighted the launch of a semiconductor policy in January 2022, underscoring the government's commitment to the entire ecosystem. Speaking at the World Economic Forum Annual Meeting 2024, the minister emphasized collaborative efforts with industry representatives.

Disclaimer: This information is for educational purposes only and should not be considered as financial advice. Invest wisely and consult a financial professional for personalized guidance.

Quote of the week 📢

''Diversification is protection against ignorance. It makes little sense if you know what you are doing." - Warren Buffett


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Stay tuned for further updates 🚀 and analysis on the NIFTY index and other market trends 📢. , Happy investing💰!

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Disclaimer : While all efforts have been taken to make this blog and its data as authentic as possible, please refer to the original source of the data, like NSE/ BSE etc. We will not be responsible for any loss to any person/entity caused by any short-coming, defect or inaccuracy inadvertently or otherwise crept in this Blog.

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