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Indian stock markets post weekly loss, falling down from record highs ahead of the festive season. 3 fund houses apply for electric vehicle funds.

ARIHANT'S WEEKLY MARKET WRAP-UP In this week's market wrap-up, we talk about everything important that happened in the markets this week including the telecom rescue package, the bad bank policy & auto sector PLI. Of course, we covered the #ITC stock (is it ready for a rally?). We couldn't have missed Elon Musk's puppy tweet and how it led to crypto moving up almost 1000% within 24 hrs.

What a week! When we started this week, the Russian bear was all set to attack Ukraine, while experts all over the world were speculating what it will do next. In a remarkable move, Russia declared a "special military operation" in Ukraine & started the biggest war in Europe since World War II. The threat of a looming war had caused stock markets to remain volatile through the past weeks. As the war has begun, the benchmark indices plunged to a deep low however they made a sharp recovery on Friday.After a week of volatility Nifty ended the week 618 points lower (-3.58%) at 16,658.40. Sensex had plunged to a low of 54,439 points only to end the week at 55,858 1,974 points lower (- 3.41%) than the last Friday's close. Bank Nifty ended the week at 36,430 down 1,168 points from last week's closing a net fall of 3.11% after recovering from a dip below 35,000 points.

In Arihant Capital's Weekly Market Wrap-up, catch up on all that's trending in the last week and get ready for the Monday markets with insights from our expert research team.

Megadeals are happening on the D-street. HDFC Bank and HDFC decided to join hands and become one giant monolith in the financial services space. This was a nod to RBI's recommendation that large NBFCs should consider turning into banks.

The Indian equity markets end the week on a positive note after a dismal closing last week, as RBI leaves the benchmark interest unchanged at 4%. Auto sales figures released during the week showed mixed numbers. Looks like the auto sales are still not out of the woods from the Covid-19 pandemic.

Fresh covid worries spooks Indian equity markets, Nifty and Sensex down over 4% this week It was an action-packed week with marketing witnessing a literal roller coaster ride. After making a low of 16,983 on Tuesday, Nifty bounced back 10 17,402 levels on Wednesday and Thursday trading sessions on strong global cues to finally close at 17,210 level. Positive domestic economic data also boosted sentiment. However, the index saw a fall on Friday as news around the spread of the Omicron virus weighed on sentiments.

The stock markets on November 4 will conduct the customary one-hour special Mahurat Trading, between 6.15 pm and 7.15 pm, on the auspicious occasion of Diwali.

The Commonwealth Games 2022 are ongoing, and India has already started its medal tally and gained the 5th spot. Meanwhile, nations are playing their own set of games in politics and economics, let's have a look.

The surge in coronavirus cases in Europe once again threatened to disrupt trade and travel, which spooked investors and dragged Asian markets lower this week, including the key Indian benchmark indices. The week started on a weak note with Sensex shaving off 1170 points on Monday, owing to weak global cues (thanks to fresh Covid-19 cases in Europe and lockdowns), global inflation fears, and valuation worries. Volatility was seen throughout the week, and the falling of the Reliance-Armco deal coupled with weak Paytm listing and a U-turn on the farm laws by the government also dented investor sentiments.

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Indian stock markets continue to maintain their positive streak in the second week of 2022 with Nifty crossing 18k levels and Sensex regaining 60k+ closing the week with 2.4%+ gains. Nifty gained 443.05 points, closing at 18,255.75, up 2.49% while Sensex closed 1478.38 points, closing at 61,223,03, up 2.47%.

Markets this week The coming week will be driven by the earnings releases (particularly the IT sector), macroeconomic data points like inflation, and the Covid-19 situation. IT major Infosys, Tata Consultancy Services, and Wipro will announce their Q3 results on January 12. On the same day, Consumer Price Index (CPI) is also scheduled to release. You should also watch the FII activity for this week. We are slightly positive on the market outlook unless there is any negative surprise. Our recommendation is to use market corrections as an opportunity to invest in fundamentally strong companies. We would advise remaining selective on the sectors. BFSI sector looks positive and we believe one can add good stocks on every dip. LIC housing looks interesting at current levels.

It's been quite a busy week at the Tata office {aka Bombay House} considering numerous activities within the organization like Tata Motors' acquisition of Ford India's manufacturing plant and decisions for acquiring a major plant in southern India, creating the country's first homegrown iPhone manufacturer. Tata Consultancy Services (TCS) kicked off earnings season with the release of their FY23-Q3 results on Monday. Meanwhile, IT giant Infosys outperformed the street expectations by reporting a consolidated net profit of ₹6,586 in Q3FY23, up 13.4% YoY and 9.4% QoQ.

The much-awaited LIC IPO was announced this week. The IPO size was reduced in view of the market volatility arising out of the Russia-Ukraine crisis. As India experiences its highest temperatures in the heatwave this summer, a war is brewing in the cement sector as JSW and Adani line up lenders to acquire stakes in Ambuja, and ACC as an aftermath of Holcim's exit plans.

Gold futures stay flat in the Asia electronic session today with the dollar trading near a four-month low against the euro before the Federal Open Market Committee wraps up a two-day meeting today.