Market Insights: Nifty 50, VIX Surge, RBI MPC Meeting Recap

The market witnessed a series of notable events during the week leading to significant fluctuations. On Monday, the Nifty 50 touched a new high on the back of exit polls which indicated 350+ seats for BJP. However, markets slipped by 6% after a poor show by BJP in the election results

The India VIX surged by 48%, marking its largest single-day rise in 8 years. Defensive sectors such as Nifty IT and Nifty FMCG performed well, while Nifty PSE and Nifty PSU Banks saw declines during the week.

Remarkably, major sectoral indices along with the Nifty 50 recovered from the June 4th fall within just three days. The RBI, in its MPC meeting on Friday, kept the repo rate unchanged at 6.5% further fueling the rally. Despite the mid-week turbulence, major indices managed to recover, delivering positive weekly returns.

Nifty 50 ended the week 3.37% higher at 23,290. Nifty IT and Nifty FMCG surged the most with a gain of 8.60% and 7.11% respectively.

Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.

Stocks

OEMs's auto sales volume numbers for May 24 reflect TVS Motor and M&M claiming the highest YoY growth in the 2W and PV-CV sales during the month, respectively.

The chart below presents a list of stocks with a market capitalization exceeding Rs. 1 lakh crore, which are trading near their 52-week low as of June 5, 2024.

PSU Stocks led the rally from the front on June 03, 2024 as exit polls indicated a positive outcome for BJP.

The below chart represents DLF's cash conversion capability compared to other industry players as of March 31, 2024.

The below chart indicates the toll revenue growth of IRB Infrastructure for May 2024.

Wrapup of Q4FY24

Here are the 6 large companies that have posted significant PAT growth.

Below is the list of 6 large companies with stellar quarterly PAT growth in Q4FY24.

Here are the top performers of Q4FY24 of 6 mega-cap companies that achieved record PAT growth.

Here are the 6 mega-cap companies that have achieved stellar Q4FY24 PAT growth.

The below chart presents the 6 mega firms that achieved outstanding Q4FY24 PAT growth.

Here's the list of 6 mid-cap leaders that showcased stellar PAT growth in Q4FY24.

The accompanying chart represents the 6 mid-cap stars that report impressive PAT growth in Q4FY24.

Below is the list of 6 small-cap companies that have reported stellar PAT growth in Q4FY24.

Here is the list of 6 micro-cap gems that report impressive PAT growth in Q4FY24.

The below chart indicates the results of 6 micro-cap companies that achieved remarkable profit gains in Q4FY24.

The FMCG giant's Q4FY24 financial performance has been indicated in the below chart.

Indices

On June 04, 2024, the index surged by 48%, marking its largest single-day rise in 8 years.

The chart above illustrates the number of days it takes for Bank Nifty to fully recover after falling by more than 6% in a single day over the past 13 years.