Indian markets have been on a rollercoaster ride, making this the second most volatile month since March 2020, with the Nifty 50’s high-low range exceeding 2800 points. The first half of the month was a wild ride with election jitters causing spikes, while the latter half saw large-cap stocks taking the lead over small and mid-caps.
The market continued its winning streak, hitting a new high for the seventh consecutive month. All eyes are now on the upcoming Union Budget 2024 in July, keeping investors on their toes. Private banks have shone brightly, outpacing PSU banks, and IT stocks are making a comeback. Meanwhile, telecom stocks grabbed the spotlight this week due to spectrum license allocations.
Nifty 50 ended the week 2.17% higher at 24,011. Nifty Energy and Nifty IT surged the most with gains of 3.29% and 2.72% respectively.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
The below chart indicates the driving force behind the surge in telecom stocks.
Here's the performance of the top 4 private banks over the past 5 years based on their return on Assets.
Here's how Agri Chem companies performed during the quarter ending March 31, 2024!
The announcement of the yearly special call auction for the holding company's stocks initiates value unlocking.
The companies mentioned below invest more than 90% of their market capitalization in equities.
The top block deals of June 2024 are listed below, with Piramal Enterprises recording the highest value of change in hands.
The chart above explains why battery stocks were in focus on Tuesday (June 25, 2024).
Amara Raja's progressive steps towards innovative and tech-driven product offerings are detailed below.
The chart below explains the potential gains to Raymond from launching 100 ethnic stores in FY25.
The chart below details PI Industries' recent acquisition aimed at enhancing its growth strategy.
The companies mentioned in the chart have witnessed increasing promoter holdings over the past 4 quarters.
The graph illustrates the performance of Realty companies across various financial parameters.
The chart shows the performance of Nifty Metal constituents across various financial parameters.
The above chart provides insights into the key consumer durable companies' financial health and their approaches to maintaining or improving profitability.
Below are the A&P spends by FMCG majors for the quarter ending Q4FY24.
Here's how much each hospital earned per bed per day in Q4FY24!
The below companies have given a dividend yield of over 5% in FY24.
Presented below is the Nifty 50’s recent 1,000-point rally achieved in the shortest duration.
Nifty above psychological mark of 24,000 for the first time ever.
Presented below are the returns of sectoral indices for the past week:
Presented below are the returns of strategy indices for the past week:
The RBI’s financial stability report highlights improved performance in the Indian banking system.
The chart indicates a turnaround in India’s current account records.
Presented below are the expected fund flows into countries and the prospective weightage of Indian government bonds in the JP Morgan GBI-EM.
Apollo Tyres breaks above the rising trendline.
JK Cement outperforms compared to its peers.
Image Source: @mangalurian (Twitter)
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