16 Oct 2023 (Monday)
- Nifty 50 index: closing value - 19,674.55, open value - 19,653.25, day's high - 19,712.35, day's low - 19,621.15, volatility VIX - 14.32
- Change from previous trading day: +0.30 (+0.00%)
- Trend: Sideways
- Top 5 factors that drove the market this day:
- Positive global cues as US and China resumed trade talks
- Strong earnings from IT and banking sectors
- Stable oil prices and rupee appreciation
- FII inflows of Rs 1,234 crore
- Low inflation and high GDP growth expectations
17 Oct 2023 (Tuesday)
- Nifty 50 index: closing value - 19,789.65, open value - 19,678.45, day's high - 19,812.75, day's low - 19,665.05, volatility VIX - 13.76
- Change from previous trading day: +115.10 (+0.58%)
- Trend: Bullish
- Top 5 factors that drove the market this day:
- Optimism over US-China trade deal as both sides agreed to reduce tariffs
- Robust quarterly results from Reliance Industries and HDFC Bank
- RBI's announcement of Rs 40,000 crore OMO purchase in November
- Increase in foreign portfolio investment limit for corporate bonds
- Improvement in consumer sentiment and festive demand
18 Oct 2023 (Wednesday)
- Nifty 50 index: closing value - 19,671.10, open value - 19,820.45, day's high - 19,840.95, day's low - 19,659.95, volatility VIX - 13.21
- Change from previous trading day: +46.40 (+0.24%)
- Trend: Bullish
- Top 5 factors that drove the market this day:
- Renewed hopes of US stimulus package as Democrats and Republicans reached a compromise
- Positive macroeconomic data from India such as industrial production and retail inflation
- Buying interest in auto, pharma and FMCG sectors
- Favourable monsoon outlook and good crop prospects
- Decline in COVID-19 cases and increase in vaccination coverage
19 Oct 2023 (Thursday)
- Nifty 50 index: closing value - 19,624.70, open value - 19,545.20, day's high - 19,681.80, day's low - 19,512.35, volatility VIX - 12.89
- Change from previous trading day: -46.40 (-0.24%)
- Trend: Bearish
- Top 5 factors that drove the market this day:
- Profit booking by investors after a strong rally in the previous sessions
- Weak global cues as US markets fell on rising bond yields and inflation fears
- Selling pressure in metal, energy and banking stocks
- Mixed earnings from blue-chip companies such as TCS, Infosys and Wipro
- Rising geopolitical tensions between India and China over border dispute
20 Oct 2023 (Friday)
- Nifty 50 index: closing value - 19,542.65, open value - 19,542.15, day's high - 19,593.80, day's low - 19,518.70, volatility VIX - 12.56
- Change from previous trading day: -82.05 (-0.42%)
- Trend: Bearish
- Top 5 factors that drove the market this day:
- Negative sentiment due to rising COVID-19 cases in Europe and US
- Uncertainty over the outcome of the US presidential election
- Weakness in rupee against the dollar
- High valuation and stretched technical indicators
- Lack of fresh triggers and muted FII activity