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15 May 2022
Sunday
Mkts fall sharply, breaks critical levels
It was a tremendous week of market volatility for every asset class world over. Global stocks fell over concerns that continuous rate hikes, Ukraine war and the latest coronavirus lockdowns in China may lead to global economic slowdown. Back at home, Indian rupee hit new low during the week at 77.63 per dollar due to widening current account deficit amidst elevated commodity prices. Inflation in April came in at 7.79 pct ahead of RBI target range of 2- 6 pct for four consecutive months. FIIs continued to sell heavily on surging global inflation and rising prospect of aggressive monetary tightening by Federal Reserve.
For the week, the Nifty fell 3.8 pct and the Nifty Midcap and the Smallcap indices fell sharply by 5.2 pct and 8 pct respectively. Sector wise, Nifty Metal index was the top loser, down 12.4 pct followed with Nifty Energy index, down 10.6 pct. The Nifty Bank and Nifty IT index fell about 4 pct each.
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Share Name | Date | Entry Price | Target Price | Exit Price | Return % |
---|---|---|---|---|---|
Tata Motors | 19th Feb, 2019 | 102 | 250 | 242 | +237.25 |
L&T | 30th Mar, 2020 | 798 | 1500 | 1500 | +87.96 |
Titan | 30th Mar, 2020 | 850 | 1400 | 1400 | +64.7 |
Britannia | 30th Mar, 2020 | 2213 | 3600 | 3635 | +64 |
Hero Motocorp | 30th Mar, 2020 | 1588 | 2800 | 2557 | +61 |
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