Stock Market Weekly Updates

In the dynamic world of finance, the past week in India brought forth a mix of highs and lows across various sectors. Let’s take a closer look at the key happenings and notable market trends.

Energy and Commodities:

  • India’s electricity consumption saw a robust growth of 8.5% YoY, reaching 119.64 billion units in November.
  • Government-run companies experienced a surge in petrol sales by 7.5% in November 2023, with airline fuel sales also on the rise by 6.1%. However, diesel and LPG sales witnessed a decline of 7.5% and 0.9%, respectively.

Government Initiatives:

  • The Indian government made strategic moves to stimulate economic activity. It reduced the windfall gains tax on crude oil from Rs 6,300 to Rs 5,000 per tonne, leading to a 4.6% reduction in airline fuel prices.
  • The price of commercial cooking gas (LPG) was increased by Rs 21 per 19-kg cylinder.

Economic Indicators:

  • India’s GDP growth for the July-September 2023 quarter stood at an impressive 7.6%, surpassing RBI estimates of 6.5%.
  • The Defence Acquisition Council (DAC) gave the nod for the procurement of Rs 2.23 lakh crore worth of defence equipment from domestic companies.

Infrastructure and Real Estate:

  • Key infrastructure sectors in India exhibited significant growth, recording a 12.1% increase in October compared to 9.2% in September.
  • The real estate market showed a substantial demand for ultra-luxury properties, with Rs 4,063 crore in sales in 2023. A total of 588 ultra-luxury homes were sold across the top 7 cities, according to Anarock Research.

Fiscal and Economic Outlook:

  • India’s fiscal deficit for April-October stood at 45% of the full-year target, a marginal decrease from 45.6% during the same period last year.
  • Vehicle retail sales during the 42-day festive period experienced a noteworthy 19% YoY growth, reaching 37.93 lakh units, according to FADA.

Market Performance:

  • The stock market witnessed fluctuations throughout the week. After a holiday on Monday, the SENSEX and NIFTY showed positive momentum, closing at 67,481.19 and 20,267.90, respectively. Gold prices rose by 1.84%, reaching Rs 62,629, while silver recorded an impressive 6.39% increase, reaching Rs 77,523.
  • In the global market, Dow Jones gained 1.92%, closing at 35,950.89, while NASDAQ experienced a slight dip of 0.28%, closing at 14,226.22.

As the week unfolded, India’s economic landscape showcased resilience and growth in various sectors, providing investors and enthusiasts with valuable insights into the nation’s financial health. It remains crucial to stay tuned to emerging trends and government initiatives for a comprehensive understanding of the economic dynamics at play.

Read More Stock Market Daily Updates

18 thoughts on “Stock Market Weekly Updates”

  1. Bis es so weit ist verfügen die Anbieter in der nachstehenden Tabelle derzeit über eine gültige Glücksspiellizenz des Landes Schleswig-Holstein. Nachdem
    wir uns einen Überblick verschafft haben, wie es um die Fairness des Bonus sowie die Spielauswahl
    steht, geht es in unserem Online Casino Test mit den Zahlungsmethoden weiter.
    Die besten Online Casinos in Deutschland bieten euch deshalb mehrere Wege an, um mit
    Mitarbeitern des Kundendienstes in Kontakt
    zu treten. Des Weiteren wird vorausgesetzt, dass schutzbedürftige Spieler Werkzeuge erhalten, um das eigene
    Spielverhalten gegebenenfalls einzuschränken oder sogar stoppen zu können. Online Casinos haben jedoch nichts zu verschenken und so sollte es für euch keine
    Überraschung sein, dass der Willkommensbonus bei den meisten Online Casinos an bestimmte Bedingungen geknüpft
    ist. Die wohl größte Spielauswahl aller Online Casinos – mit Ausnahme von Slots Million – und ein einzigartiger Bonus machen das Fun Casino zu einer wahrlich spaßigen Angelegenheit.

    Unsere Experten haben die rund 100 legalen Online Casinos
    Deutschlands verglichen und die besten deutschen Casinos für Sie
    ermittelt. Ja, die besten Online Casinos bieten Freispiele oder
    Bonusguthaben ohne Einzahlung an. Dabei schauen wir uns nicht nur die Sicherheit und die Casino Boni an, sondern werfen auch einen Blick auf die Auswahl an Casinospielen, die Zahlungsmethoden und auch
    den Kundendienst. Wenn Sie eine Pause benötigen oder merken, dass Sie zu viel spielen, können Sie Ihren Account jederzeit mit einer kurzen Mail an den Kundendienst
    einfach stilllegen.

    References:
    https://online-spielhallen.de/ihr-umfassender-leitfaden-zum-spirit-casino-login/

    Reply
  2. In February 2006, Microsoft announced that it intended to expand its
    Redmond campus by 1,100,000 square feet (100,000 m2) at
    a cost of $1 billion and said that this would create space for between 7,000
    and 15,000 new employees over the following three years.
    The city of Redmond had also approved a rezone in February 2015 to raise the height
    limit for buildings on the campus from 6 stories to 10.

    The first major expansion of the campus came in 1992, bringing the total amount of office space to 1.7 million square feet (160,000 m2) on 260
    acres (110 ha) of land. The initial campus was on a 30-acre (12 ha)
    lot with six buildings, and was able to accommodate 800 employees but eventually grew to 1,
    400 by 1988. Able to accommodate more than 6,000 employees,
    the seven new office buildings range from four to five stories and are arranged
    in an urban-inspired, pedestrian-friendly setting. Both wins over UCLA were in seasons immediately
    following UCLA claiming the NCAA Championship with the 1971 win coming over a team that would be the eventual tournament champion.
    The NCAA began seeding the tournament with the 1979 edition. Jeff Sagarin and ESPN listed the program
    12th in the college basketball all-time rankings in the ESPN
    College Basketball Encyclopedia. The Notre Dame Fighting Irish Men’s Basketball team is the
    intercollegiate men’s basketball program representing the University of
    Notre Dame in Notre Dame, Indiana, United States.
    Building 92 on the campus contains a visitor center
    (with interactive exhibits) and store that
    are open to the public. It is estimated to encompass over 8 million square feet
    (740,000 m2) of office space and 30,000–40,000 employees.
    The all-electric buildings are completely fossil-fuel free, drawing renewable energy from off-site sources and the campus’s Thermal Energy Center, which houses
    a geothermal system that provides heating and cooling for 18 buildings.
    Since Microsoft established its headquarters in Redmond, Washington, in 1986,
    the company’s campus has grown from four buildings to more than 100.

    References:
    https://blackcoin.co/ripper-casino-login-australia-complete-guide/

    Reply
  3. Since its inception in 2020, Cosmic Slot has swiftly ascended as a prominent online casino for Australian players, offering a broad spectrum of pokies.
    We’ve put together a list of the best online casinos in Australia, where you can find a fantastic array of
    games/ Australian dollars are the most common currency at online casinos
    for Australian players. Australians love online gambling, with online pokies and classic table games amassing a huge following at casino sites.

    You can enjoy these pokies on the move, with a
    smartphone or tablet. First, you don’t have to play using a desktop computer.
    What makes them stand out from other Australian pokies?
    Even with thousands of options, great pokies are scarce.
    Evaluating the fairness and transparency of these offers is vital to ensure a positive and rewarding experience
    for players. A well-optimized mobile experience not only
    enhances player satisfaction but also significantly increases engagement, allowing players to enjoy seamless gaming
    anytime, anywhere. A thoughtfully designed platform not only simplifies gameplay but also contributes to a seamless and engaging gaming
    experience. The top Australian online casino sites on this page all passes
    these tests. Top Australian online casino sites use 256-bit SSL encryption to protect your personal and financial data.
    These games offer solid payouts, especially blackjack with its 99.5% RTP when played with
    perfect strategy.

    Reply

Leave a comment