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📉 Dalal Street Crash Update: Investors have seen their wealth erode by nearly ₹10 trillion during the recent market sell-off. The decline was driven by escalating geopolitical tensions between Iran and Israel, rising crude oil prices, and SEBI’s tightened F&O regulations, which spooked retail investors. The benchmark indices, including Sensex and Nifty, dropped sharply, with large-cap stocks like Reliance and HDFC contributing heavily to the losses.

Amid foreign institutional outflows of over ₹5,500 crore, investors have faced one of the largest wealth losses in recent months, with market sentiment remaining volatile.

Hyundai Motor India’s IPO faced cautious sentiment upon listing, opening at a 1.63% discount from the IPO price of Rs 1,960. Retail investor subscription was notably low at 50%, although institutional buyers subscribed nearly seven times their allocation. This mixed response highlights challenges such as Hyundai’s limited EV and hybrid offerings, which represent just 11% of their portfolio. Nonetheless, with a plan to expand production capacity and a strong presence in the utility vehicle segment, long-term prospects appear more promising, especially given Hyundai’s impressive Return on Invested Capital (RoIC) of 177% for FY24 .

📊 Daily Stock Market Update - October 22, 2024 🚀

📈 Indices Overview:

• Sensex edges up, closing at 81,224.75 points.
• Nifty dips to 24,472.10, down by 1.25%.
• Bank Nifty follows, closing at 24,524.00 in futures, a drop of 1.14%.

🔍 Sector Spotlight:

• Markets broadly lower with Consumer Discretionary hit hardest.
• Focus on Renewable Energy and Biotech for potential growth.

💹 Trading Insight:

• Mixed earnings impact stocks. Eye on future growth in tech & green energy.
• India VIX up, signaling higher volatility. Trade cautiously.

🌍 Global Influence:

• Crude oil prices slip, affecting the broader energy sector.
• Keep an eye on geopolitical tensions and their market impact.

🚨 Opportunity Alert:

• Look to tech and renewable sectors for long-term investments.

🛑 Stay Updated:
For more detailed daily insights and tips, keep watching this space!

🔗 Bull Bear Financials - Navigate the market with confidence!

Why is the Indian Market Falling?

The recent market drop has many investors worried. Here’s a simple breakdown of the key reasons behind this decline, brought to you by Bull Bear Financials.

1. Middle East Tensions Driving Oil Prices Up

The conflict between Israel and Iran is creating uncertainty. If the situation escalates, oil prices could rise further, which is bad news for India as we import most of our oil. Higher oil prices can lead to inflation, making everyday goods more expensive and slowing down the economy .

2. Foreign Investors Shifting to China

Foreign institutional investors (FIIs) are pulling money out of Indian markets to invest in Chinese stocks. China’s economy is seeing a boost thanks to new policies, making Chinese shares look more appealing. This shift is adding pressure on Indian stocks .

3. Disappointing Company Earnings

Recent financial results from Indian companies have fallen short of expectations. Combined with a weakening rupee, this is raising concerns about inflation and the government’s budget deficit, leading to more selling pressure .

4. New Trading Rules from SEBI

The stock market regulator, SEBI, has introduced stricter rules for trading in derivatives. While these changes aim to reduce risks, they are also making trading more expensive, which could reduce market activity and impact liquidity .

5. Political Uncertainty

With state elections coming up, including in Maharashtra, the market is feeling a bit nervous. Investors prefer stability, and the outcome of these elections could influence how markets move in the short term .

What’s Next?

The market may stay bumpy for a while. If oil prices keep climbing or geopolitical tensions worsen, further declines are possible. However, things could stabilize if companies report better earnings or if the conflict cools down. Key support levels on the Nifty 50 index will be important to watch—experts say 24,300 could act as a critical point for a rebound .

This market update is provided by Bull Bear Financials. Stay patient, monitor the situation closely, and look for smart buying opportunities when the time is right—because every dip could offer a chance for future gains.

$10 billion sale! FII selling breaks all records. Is it just about China?

https://economictimes.indiatimes.com/markets/stocks/news/10-billion-sale-fii-selling-breaks-all-records-is-it-just-about-china/articleshow/114412636.cms

Download Economic Times App to stay updated with Business News -
https://etapp.onelink.me/tOvY/135dde21

📊 Bull Bear Financials: Daily Market Insights – October 21, 2024

Index Performance

• Sensex: Up 540+ points to 81,770. Resistance at 82,725 and support around 81,340.
• Nifty50: Rises to 24,978 with key resistance at 25,300. Support at 24,600 holds the bullish trend.
• Bank Nifty: Testing 52,000, with strong support at 51,670 and buying opportunities at corrections around 51,000.

Sectoral Performance

• Performers: IT and private banks benefited from solid earnings.
• Weak Sectors: PSU banks and energy stocks affected by foreign outflows and rising oil prices.

Foreign Investment Flows

• FPIs withdrew ₹77,701 crore this month, reflecting risk-averse sentiment amid geopolitical tensions and global rate uncertainty.

Corporate Updates

• Earnings results from Ultratech Cement and Bajaj Housing Finance expected soon, likely to impact sector sentiment.

Global Cues

• Rising crude prices from Middle East conflicts raise operational costs. The US Fed’s rate uncertainty continues to influence markets.

Trading Strategy

• Nifty50: Watch for a breakout above 25,300; buy dips if 24,600 support holds.
• Bank Nifty: Use corrections to enter around 51,000, while monitoring for potential profit booking near 52,200.

IPO Activity

• Waaree Energies IPO and Deepak Builders & Engineers IPO open today, closing October 23.
• Waaree Energies (solar solutions) is seeing strong demand.
• Grey Market Premium (GMP): Waaree Energies IPO trading at ₹80-85, signaling strong listing potential.

Opportunities and Threats

• Opportunities: IT and banking sectors positioned for growth.
• Threats: Rising crude prices could squeeze margins for energy-intensive industries, and continued FPI outflows may lead to volatility.

Stay tuned with Bull Bear Financials for actionable insights every day!

Budget 2024 Highlights: Capital gains changes in Modi 3.0 Budget

1) Only two holding periods: 12 and 24 months

2) Gold, debentures, bonds will be 24M (along with unlisted shares and RE)

3) All listed securities (incl bonds) will be 12M

4) STCG increased from 15% to 20%

5) All LTCG is 12.5%. No indexation anymore.

6) LTCG up to 1.25 lakh is tax free (from 1 lakh earlier)

Note: These changes come into effect from July 23, 2024

Budget 2024 Highlights: What gets cheaper, what's dearer after FM's speech
Items Becoming Cheaper:

Mobile Phones: Basic customs duty on mobile phones and chargers will drop to 15%.

Gold and Silver: Customs duties on these metals will be reduced to 6%.

Platinum: Customs duties on platinum will decrease to 6.5%.

Cancer Drugs: Three additional cancer treatment drugs will be exempt from customs duties.

Seafood: Basic customs duty on certain brood stocks, shrimps, and fish feed will be cut to 5%.

Solar Energy Parts: Customs duties on parts related to solar energy will not be extended.

Ferronickel and Blister Copper: Basic customs duties on these materials will be removed.

Footwear: Customs duties on leather and footwear manufacturing will be reduced.

Items Becoming Costlier:

Ammonium Nitrate: Customs duty will rise to 10%.

Non-Biodegradable Plastics: Duty on these plastics will increase to 25%.

Telecom Equipment: Basic customs duty will go up to 15% from 10%.

Tax Collection at Source (TCS): A 1% TCS will be applied to notified goods exceeding Rs 10 lakh.

Solar Glass: Customs duty on solar glass will not be extended.

Channel name was changed to «bullbearfinancials»

Channel name was changed to «Bull Bear Financials»

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ITC Looking Good For Buying..

RBI MPC : Announcement at 10 am on Feb 8th 2024:
Expectations:
1. Rates will be held steady , no change
2. In the light of tight liquidity in the money markets, there is some talk of a CRR cut. We dont expect any such move.
3. Inflation : On track, no change in the forecast
4. GDP : On track, no change in the forecast
5. Liquidity measures: May announce that RBI is watching this carefully and will inject liquidity as required.
6. Growth impulses : Strong growth in the economy, with fiscal deficit on a downward trend and CAD also on a downward trend.
7. Credit growing faster than deposits growth, that is being monitored and communicated separately. Not too big an issue at present .
8. Expect Monetary policy stance to remain at "withdrawal of accomodation" for now .
9. There will be no guidance on timing and extent of rate cuts, we expect the first rate cut by the RBI to happen around August 2024 .
10. First the policy stance will change to "neutral" and then rate cuts will follow.
11. Geopolitical risks , especially the Red Sea disruptions will be cited as potential risk areas.