After the rollercoaster ride of the previous week, Indian investors can breathe a sigh of relief as all the major indices ended this week on a positive note, except for Nifty IT. Sensex, after falling below 72,000 for the first time since February 15, 2024, managed to bounce back to end the week on a positive note.
The big news came from across the pond, as the US Federal Reserve announced its interest rate decision on Wednesday. FED’s decision to keep the interest rates unchanged for the fifth consecutive meeting and positive global cues sparked a wave of optimism, with almost all sectoral indices witnessing buying on Thursday.
But the real standout this week was the resilience shown by Nifty SmallCap 100 and Nifty Midcap 100, both ending the week in the green after enduring five consecutive weeks of decline.
Nifty ended the week 0.33% higher at 22,097. Nifty Realty and Nifty Metal surged the most with a gain of 5.34% and 4.21% respectively.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
Captured below is the news of US probe against Adani Group creating a panic in the overseas listed bonds and in the NSE listed stock - Adani Ports:
Mannapuram is planning to raise funds to gain competitors’ customers.
Here’s how the Pharma companies spent on their R&D during the quarter ending Q3FY24:
PSU banks sector rallying since covid 19, the below chart shows the Net NPA of PSU banks which will give an idea to investors if they should invest in stocks.
The accompanied chart presents the quarterly performance of newly listed GPT Healthcare for Q3FY24
Here’s of defensive FMCG stocks performed in a YTD basis!
The below table presents the list of Companies trading near their 52-week highs despite weakness in the markets:
Here’s how Nifty IT reacts following the FED’s interest rate decision!
Here’s why Indian IT Index fell on 22nd Mar, 2024!
The Bank Nifty index recorded its 8th consecutive daily fall on Tuesday, 19th March 2024.
The below chart shows how much you will gain if you invest on 1st day of the financial year in Banknifty.
The Nifty Small-cap 100 index broke its 100-day Simple Moving Average (SMA) on Wednesday when the market saw a brutal fall.
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On Tuesday, the Sensex fell below the 72000 mark for the first time since February 15, 2024, alongside breaching trendline support.
Fed dop plot projection of three rate cuts in 2024 which act as good news among the bulls leading the market in the bull rally.
Foreign Institutional Investors (FIIs) recorded the highest fortnightly net investments in 2024, pumping in Rs.40,710 crores.
The chart depicts sectors which attracting inflow of FPI.
The below chart shows the highest & lowest sectoral investment made by FPI.
Dissecting the markets’ euphoria based on Gold and Nifty!
India’s rising trend in annual passenger vehicle sales depicts the improved standard of living of the citizens.
Presented below the results of Feb 2024 stress test of AUM wise Top 10 Mutual Fund Schemes:
APOLLOTYRE is trading below its immediate support of 475 level on the daily chart now. Long unwinding at the 470 Strike can push the price further down
Historically, it is observed that on or during one of the two annual equinoxes or solstice, markets tend to change its trend. Nifty has shown signs of reversal and has bounced from a critical support
TCS has given a trendline breakdown supported by rise in trading volumes. Long unwinding at 4000 Strike can push the price further down
Image Source: @VisualCap (Twitter)
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