The brief three-day trading week concluded, mirroring the prior week, primarily swayed by quarterly results. Notably, railway stocks the darlings of D-street, faced a significant downturn on Tuesday, causing the BSEPSU to plummet by 4.5% that day. Subsequent buying activities on the next day contributed to a partial recovery; however, the BSEPSU index ultimately registered a weekly decline of 1.1%. In a broader market context, the Nifty 50 closed the week with a 1.02% dip. The market's receptiveness to quarterly performances persisted in molding trends, and deliberations on whether the market had become overvalued remained integral to decision-making.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
Banks Q3FY24: Advances Remain Strong; Eyes On Slippages!
ICICI Bank Vs HDFC Bank Valuation Trajectory!
66% Gains In One Month: What Led To Such a Huge Rally In IRFC?
The chart shows the Q3FY24 results of Pidilite Industries.
The table covers a list of companies that twill turn ex-dividend in January.
Here’s how Persistent Systems performed during Q3FY24!
The chart indicates the financial performance of Havells India during Q3FY24.
Here’s how Cipla performed for the quarter ending 30th Dec 2023
The chart represents the performance of United Spirits in Q3FY24.
RBLBANK has formed a double top pattern on the daily chart supported by RSI bearish divergence and is trading below its previous swing low of 260 on the daily chart.
GODREJCP has given an ascending triangle breakout on the weekly chart. Short covering at 1,200 Strike can drive fresh leg of rally in the stock.
Zeel breaks monthly support!
Courtesy: Visual Capitalist
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