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Bears in driving seat

Markets were under heavy selling pressure. Nifty and Sensex held their own at the beginning of the week but couldn’t sustain on the expiry. But both Nifty and Sensex fell -2.32%  and -2.06%, respectively, over the week. Midcaps (-2.56%) and Smallcaps (-3.25%) also had the same story. 

Most sectors closed lower.  PSU Banks (-10.12%) and Energy (-7.68%) were the major losers. Only Auto (2.75%) and FMCG (1.13%) closed in positive.

Top stories of the week 📝

Yes Bank tanked over 8% on weak Q3 results plus the Bombay High Court ruling in the AT1 bonds dispute. Know more. 🧐

Results reaction. Ultratech Cement was the top loser on Nifty. JSW Energy (-6%) dropped the most in a month. 🚨

Coforge rallied +6% after increasing their FY23 revenue growth guidance from 20% to 22%. 📊

Jindal Stainless increased their FY23 volume guidance from flat to 3%-5%.  📊

Adani Group stocks got hammered. Ambuja Cements (-26.41%) was the top loser on Nifty. Adani Ports (-22.84%), Adani Transmission  (-25.39%)ACC (-20.46%) and Adani Total Gas (-23.28%) were down too. 

Zomato tanked over 8% to hit the lowest level since July last year. They recently announced that they would stop the 10-minute delivery service due to operational challenges.  🚫

Overheard on Stocktwits

Adani FPO 📈

Billionaire Gautam Adani-led company Adani Enterprises has launched its follow-on public offering or FPO this Friday. Adani Enterprises FPO worth a whopping  Rs. 20,000 crores would be the largest ever in the history of India.

Want to know more about lot price, size, issue end date etc?

Learn More


Rakesh Jhunjhunwala portfolio review📝

Over the next few weeks, we’ll cover the top 3 holdings of India’s biggest investors. We kick things off with the late big bull Rakesh Jhunjhunwala. PS – his portfolio is now managed under his wife’s name – Rekha Jhunjhunwala 🙏

Jhunjhunwala’s biggest holding is in Titan, the Tata group company where he controls a 5.2% stake valued at nearly Rs 11,000 cr! Read about his other 2 holdings 👇

Read More

Stocktwits & Business Insider Leaderboard  🚀

We’ve partnered with Business Insider India to empower retail investors to help them make better investing decisions.

The Stocktwits x Business Insider Leaderboard is where top ideas from the community get featured daily. Discover investment ideas, see what others are saying & plan your next move.

You can also view conversations from Stocktwits on Business Insider India. Get a glimpse of what the community is discussing on Stocktwits and spot trends before they go mainstream.

Check out Stocktwits Investor Corner

Stocktwits Feature of the Week 📱

Streams on Stocktwits 

Streams on Stocktwits will help you discover new people, investment ideas, charts, memes and much more. It’ll take your investing game to the next level 🚀

Read More about Streams


Trending on Stocktwits 

Stocks that are “Trending” on Stocktwits are those seeing the most active conversation. With Trending, get a glimpse of what the community is discussing on Stocktwits and spot trends before they go mainstream.

Read More about Trending

Top Stocktwits Content for the week 🔥

Click on the image to watch 📺 🍿