Stocks Update: Top stocks which moved in 2nd week of October

Earning profits in the financial market requires an investor to be updated about the latest news. With the complete updates from the financial market for the 2nd week of October, we bring your profits closer to you. Look at the top updates from the past week in the stock market!

Stocks Update

Trends in the financial market can help an investor make a suitable investment and earn profits. Every investor should have information regarding the latest movement in the financial market to study the trends and formulate a strategy for the future. With the latest information about gainers and losers for the past week, we bring you closer to making the right investment.

Financial Market Updates: Last week

Bringing you the latest updates from the financial market, we intend to help you make informed decisions about investing. The financial market updates for the 2nd week of October are listed below:

  • Equities worth Rs 38,537 crores were bought by foreign institutional investors and Rs 47, 873 crores were sold.
  • The net value of equities sold by foreign institutional investors in the past week is Rs 9,336 crores.
  • The Domestic institutional investors purchased equities valuing Rs 29,424 crores and sold equities worth Rs 22,392 crores.
  • The net value of equities purchased by domestic institutional investors in the past week is Rs 7,032 crores.
  • The rupee has depreciated to a value of Rs 82.42 against the dollar.
  • The BSE Sensex for the week closed at 57,919, which is 0.4 percent less than the first week of October.
  • The Nifty50 closed for the week at 17,185, 0.7 percent less than the first week of October. Also read: Invest in the stock market: Beginners Guide

Top Gainers

  • IDFC (CMP Rs 76.35): 7.99 percent increase

The share price of the stock saw an increase of 7.99 percent. The stock reached a 52-week high in the past week. The price increase can be associated with the performance of the bank and its efforts to make its operations smoother. The stock price increased from Rs. 70.70 on October 7th to Rs 76.35 on October 14th 2022.

  • Federal Bank (CMP Rs 130.75): 6.11 percent increase

The bank, backed by late investor Rakesh Jhunjhunwala reported its highest-ever net income in the past week. This led to a 6.11 percent increase in the stock price from Rs 122.85 to Rs 130.75 in the past week.

  • Axis Bank (CMP Rs 800.50): 5.93 percent increase

The share price of one of the leading banks in India increased from Rs 755.70 on October 7th to Rs 800.50, showing an increase of 5.93 percent in the past week.

  • HCL Tech (CMP Rs 1022.55): 4.68 percent increae

As the Tech giant releases its performance of Q2 revealing a profit of 7 percent, the share price of the company increases by 4.68 percent. The share price increased from Rs. 957.70 to Rs 1002.55 in the past week.

Top Losers

  • India Cements (CMP Rs 230.15): 16.25 percent decrease

The cement sector has produced weak results due to the impact of the monsoon in Q2. This has led to a decrease in the company's share price by 16.25 percent from Rs 274.80 on October 7th to 230.15 on October 14th.

  • Motherson (CMP Rs 69.40): 9.52 percent decrease

Motherson is one of the renowned automotive and hardware component manufacturers in India. The company's share price decreased from Rs 76.70 on October 7th to Rs 69.40 on October 14th.

  • Indian Hotels (CMP Rs 309.75): 9.26 percent decrease

Indian Hotels, a venture by the Tata Group, experienced a drop in the share price from Rs 341.35 to Rs 309.75 in the past week.

  • Indiabulls Hsg (CMP Rs 124.45): 8.19 percent decrease

The NSE placed the shares of Indiabulls Hsg under an F & O ban. The company's share price reduced from Rs 135.55 to Rs 124.45 in the past week.

Also Read: Important things to know for investing.

Final Words

The latest updates from the stock market can help you seize the opportunity to make a profit. Keep an eye on these top gainers and losers to strategize and make wise investments.

Disclaimer: This article is intended for general information purposes only and should not be construed as investment or legal advice. You should separately obtain independent advice when making decisions in these areas


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