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Sectorally, the S&P BSE Telecom index was the lone gainer, up 0.25 percent while profit-taking was visible in Realty which fell 2.1 percent, followed by the S&P BSE Auto index that was down 2.12 percent, and the Capital Goods index fell 2.1 percent.
The BSE auto index reached a 50% retracement Mark and the lower Bollinger band on weekly charts which make for an interesting support level. I have marked the series of rallies as impulsive and 121212 as they” #auto #sector #index #stockmarket #Elliottwave
All sectoral indices closed in the green with BSE Auto, Bank, Capital Goods, Healthcare, Metal, Oil & Gas, Power and Realty rallying 2-9 percent during the week.
The rally was across sectors barring IT, with BSE Auto, Bank, Capital Goods, Metal, Oil & Gas, Power and Realty indices rising 3-8.5 percent. Out of BSE 500 index, 380 stocks were in the green. Of this, 43 stocks gave double-digit return in last four days.
Auto stocks race ahead BSE Auto index was the top sectoral gainer, ahead of crucial auto sales numbers. It closed 1.36 per cent higher on Monday. Tata Motors was the top gainer in the pack. It advanced 4.26 per cent to Rs 183.60.
The S&P BSE Healthcare index was down 0.42 percent, followed by the S&P BSE Auto index which was down 0.37 percent, and the S&P BSE Energy index fell 0.24 percent.
In October 2019, among the various sector benchmarks, top gainer was S&P BSE Auto which gave returns of 13.0% whereas S&P BSE Realty Index lost the most with returns of -2.5%. #MutualFundsUpdates #MutualFunds
5 Sectors have advanced (Top Gainer: BSE Power +1.84%) while 20 Sectors have declined (Top Loser: BSE Auto -2.50%) To know more: #marketupdate #marktesmojo
Auto outperforms amid tax cut talk With a gain of 2.54%, the BSE Auto sector emerged as the top grosser on the BSE sectoral list amid talk of a possible GST rate cut.
2 Sectors have advanced (Top Gainer: BSE Telecom +0.96%) while 23 Sectors have declined (Top Loser: BSE Auto -1.97%) To know more: #marketupdate #marketsmojo
Sectoral update With a 0.78 per cent fall, BSE IT pack ended the day as top sectoral loser. The BSE Consumer Durables, TECk, Metal and Healthcare also dipped between 0.25 per cent and 0.60 per cent. On the other hand, BSE Auto and Power index added over 1%% each. #marketstoday
On the sectoral front, the S&P BSE Telecom index rallied 3.6 percent, followed by the S&P BSE Auto index which was up 1.07 percent, and the S&P BSE Consumer Discretionary Goods that rose 0.82 percent.
BSE Auto Index Monthly
Auto top sectoral loser BSE Auto, with a loss of 3.55%, finished as the top loser among the sectoral indices on BSE after the government proposed to hike registration cost on new vehicles. The index ended with all components in the red, with Tata Motors (down 6.52%),
Sectoral update Sector-wise, the BSE IT and Teck indices gained more than 1 per cent during the week. However, the BSE Auto, Telecom, Capital Goods, Metal, Bankex and Oil & Gas indices weakened up to 5.85 per cent.
Sectorally, the top gainers were the BSE Auto, Capital Goods, Healthcare and Telecom indices. There were no losers. #MarketWrap