- Date : 31/10/2022
- Read: 4 mins
Investing in the stock market requires an investor to have access to the latest news from the financial market. We bring these updates to you with our weekly stock market update for the last week of October!
Securities in the financial markets are volatile and can be impacted by certain internal and external factors. Such an impact can cause fluctuations in the price of the securities and create an opportunity for investors to make profits. Every investor should be on the lookout for these fluctuations in prices and the latest news from the stock market. With this article we bring you the top gainers and losers in the stock market for the last week.
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:
- The value of equities purchased and sold by foreign investors are Rs 39,305 and Rs 35,318 crores respectively.
- The selling and purchasing of equities by foreign investors led to a net purchase of equities worth Rs 3,987 crores.
- The value of equities purchased and sold by domestic investors are Rs 15,250 and Rs 16,467 crores respectively
- The selling and purchasing of equities by foreign investors led to a net sale of equities worth Rs 1,217 crores.
- The value of Rupee against dollar appreciated to Rs 82.29.
- The BSE Sensex saw a 1 percent increase in the last week as compared to the 3rd week of October. The value stands at 59,959.
- The Nifty50 saw a 1.1 percent increase in the last week as compared to the 3rd week of October. The value stands at 17,786.80.
Also read: Invest in the stock market: Beginners Guide
Financial Market Updates: Top stocks that moved
Let us take a look at the top gainers and losers from the stock market in the last week:
Axis Bank (CMP Rs 904.50): 9.35 percent increase
With the release of Q2 FY23 results by Axis bank the stock price of the company increased by 9.35 percent. The company showed good profits even though most banks have shown little profits due to the impact of Covid-19.
Maruti Suzuki (CMP Rs 9548.55): 9.18 percent increase
The automotive giant released the results from Q2 of the financial year 2023 showcasing four times increase in profit to Rs 2,062 crore. With this leap in profits the stock price of the company saw an increase of 9.18 percent from Rs 8763 to Rs 9548.55 in the last week.
JSW Steel (CMP Rs 670.40): 6.68 percent increase
The steel industry is under tremendous pressure due to slowdown across the world and delays in infrastructure projects. Even with the loss of JSW Steel widening from the past quarter its increase in revenue created a positive impact in its prices. The price of the stock increased by 6.68 percent in the past week.
Mahindra & Mahindra (CMP Rs 1313.95): 4.93 percent increase
Rise in profits of the company can be attributed to the increase in stock prices of the company. The stock price of the company saw an increase from Rs 1272 to Rs 1313.95 in the past week.
Bajaj Finance (CMP Rs 7004.70): 5.73 percent decrease
The company saw a decrease in the stock price due to negative sentiment in the market after the company declared the Q2 results. The price declined from Rs 7234.95 on October 24th to Rs 7004.70 on 28th October.
Bajaj Finserv (CMP Rs 1653.40): 4.19 percent decrease
The stock price of Bajaj Finserv has been on the decline since 21st October. The primary reason behind this decline is due to market fluctuations and the release of Q2 results. Due to shifting interests of the investors and mixed feelings about purchasing the stock it is experiencing a decline in the price.
Hindustan Unilever (CMP Rs 2526.40): 2.95 percent decrease
The release of Q2 results for the financial year 2023 led to a decline in the stock price of the company from Rs. 2586.75 on 24th October to Rs 2526.40 on October 28th.
Also read : Important things to know for investing.
Keep an eye on the above-mentioned stocks for an opportunity to make profits and stay tuned with our weekly updates from the stock market!
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.