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Weekly Market Update

Domestic equity markets fell for the second consecutive week as key benchmark indices S&P BSE Sensex and Nifty 50 fell 1.01% and 1.02% respectively
The fall in the market was broad-based as the mid-cap segment and the small-cap segment also closed the week in red.

Domestic equity markets fell to heavy sell-off across the sectors as sentiments were dampened following the SEBI’s draft paper that aimed to tighten ultimate beneficial ownership norms for overseas investors with effect from Feb 1, 2024

Muted Q3FY24 earnings of some index heavyweight companies extended the losses further. Sentiments were further dampened following rise in U.S. Treasury yields that attracted the foreign portfolio investors away from domestic markets.

On the BSE sectoral front, S&P BSE Realty fell 4.45% following the drop in investments from U.S. institutions in the domestic real estate market that fell by 39% in 2023 to $1.35 billion amid global uncertainties

S&P BSE Power rose 1.52% after data showed that the country’s electricity generation rose 8.7% YoY in December quarter and average peak demand during the quarter increased 13.8% YoY to 218 gigawatts.

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This News letter is from Creating Wealth Company – For Private Circulation only.
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Mutual Funds and Stock Market Investments are subject to market risks, pls read all scheme related documents carefully. Past performance of the mutual fund is not necessarily indicative for future performances. Mutual fund does not guarantee any returns or dividends.
This report is for informational purpose only and contains information, opinion, material obtained from reliable sources and every effort has been made to avoid errors and omissions and is not to be construed as an advice or an offer to act on views expressed therein or an offer to buy and/or sell any securities or related financial instruments, we shall not be responsible and/or liable to anyone for any direct or consequential use of the contents thereof. Reproduction of the contents of this report in any form or by any means are prohibited.

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