Weekly Big Picture : Metal and Auto Stocks Most Affected.

Weekly Action

Nifty, -0.9%; Sensex, -0.3%; Nifty Midcap, -6.9%; Nifty Smallcap, -7.9%; Model Portfolio, 0%.

Market Pulse : Rally Attempt

Weekly Market Review

Nifty, after a gap-up opening, gave up its gains to close flat for the day. The index advanced for the fourth consecutive day. However, due to massive fall on Monday (-12.9%), Nifty declined around 1% for the week.

Barring Nifty IT (+2.1%), all the sectoral indices closed in negative territory for the week. Nifty Metal (-8.3%) and Auto (-8.1%) declined the most.

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Weekly Big Picture : Financial Stocks Most Affected; follow these share market tips to stay safe

Weekly Action

Nifty, -12.2%; Sensex, -12.3%; Nifty Midcap, -13.5%; Nifty Smallcap, -17.9%; Model Portfolio, 0%.

Market Pulse “Downtrend”

Weekly Market Review

Nifty snapped its four-day losing streak to close in positive today. However, it lost over 12% during the week, and at a three-year low. Nifty Midcap (-13.5%) and Smallcap (-17.9%) declined with the market. Financial stocks were the most impacted as the index lost as much as 20% during the week.

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Weekly Big Picture: Sigh of relief as Nifty Closes 4% Higher After Hitting Lower Circuit

Weekly Action

Nifty, -9.4%; Sensex, -9.2%; Nifty Midcap, -10.8%; Nifty Smallcap, -13.2%; and Model Portfolio, -10.6%.

Market Pulse: Downtrend

Weekly Market Review

Before we discuss the historic dramatic move of today’s session, let us first reiterate how the week went.

On Monday, after floundering for most of the day, markets recovered mildly in the last hour to close with still heavy losses on higher volume. Nifty pierced August 2019 lows and made a fresh 52-week low. Brent crude price has declined sharply to less than $35 per barrel with Russia and Saudi Arabia preferring volume over value strategy.

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