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MONEY CLUB WEEKLY MARKET UPDATE • Domestic equity markets fell during the week under review with key domestic headline indices S&P BSE Sensex and Nifty 50 coming down by 0.47% and 0.74% respectively. The decline was broad-based as losses were witnessed in the mid-cap segment and the small-cap segment. Bourses commenced the week on a negative note following negative cues from the global equity market. A better-than-expected unemployment rate in U.S. for Sep 2022 concretized the belief among market participants that further rate hikes are in store from the U.S. Federal Reserve in the coming months. Escalating geopolitical tensions between Russia and Ukraine and lingering concerns over a negative economic outlook also weighed on the market sentiment Markets continued to remain under pressure due to worries over fresh COVID-19 cases and weak economic data from China. Concerns over the latest U.S. crackdown on the chip-making industry in China further added to the losses. A strengthening dollar index too acted as a headwind for the markets However, further losses were restricted as market participants remained optimistic about the upcoming earnings season for the quarter that ended Sep 2022 as some prominent companies in the IT sector kicked off the earnings season on a strong note. A fall in global crude oil prices also aided market sentiments to some extent The recipients before acting on any information herein should make their own investigation and seek appropriate professional advice and shall alone be fully responsible for any decision taken on the basis of information contained herein. Past performance may not be sustained in the future. Mutual fund investments are subject to market risks, read all scheme related documents carefully.