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Metals & Autos Shine as Nifty Hits New Highs!

The Nifty 50 continued its upward momentum, hitting new highs every day during the week. Bank Nifty started the week on a bullish note, reaching a new high but gave up its gains on Friday.
Small-cap stocks saw profit booking for the second week in a row, while mid-caps struggled after a strong start. As companies prepare for the Q2FY25 results season, market sentiment is cautious. Meanwhile, India VIX, touched a low of 8.98 during the week – the lowest level of 2024 so far, signaling reduced market anxiety.
The Nifty 50 ended the week 1.50% higher at 26,179. Nifty Metal and Nifty Auto surged the most with gains of 7.02%, and 4.61% respectively.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
Don’t miss our new insights on seasonality. It is the tendency for stocks to perform better during some periods of the year. Here we have presented stocks that have shown positive or negative performance consistently during the next few days each time in the last 10 years. The bars represent the percentage gains from the date mentioned on their respective chart.

Seasonality

NMDC has experienced positive returns across multiple periods, signaling robust performance and steady growth. Its reliability has been a key factor in its market success.

NMDC has experienced positive returns across multiple periods, signaling robust performance and steady growth. Its reliability has been a key factor in its market success.
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Power Grid has demonstrated a consistent pattern of positive returns across multiple periods, reflecting strong and stable performance. The company’s reliability and steady growth have made it a solid performer in the market.

Power Grid has demonstrated a consistent pattern of positive returns across multiple periods, reflecting strong and stable performance. The company’s reliability and steady growth have made it a solid performer in the market.
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BEL has shown a solid track record of positive returns, highlighting its reliability in the market. The company\'s consistent performance reflects its strength and stability.

BEL has shown a solid track record of positive returns, highlighting its reliability in the market. The company\'s consistent performance reflects its strength and stability.
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Oberoi Realty has experienced negative returns in several periods, struggling to maintain consistent growth. The stock has faced challenges in sustaining upward momentum, leading to recurring performance declines.

Oberoi Realty has experienced negative returns in several periods, struggling to maintain consistent growth. The stock has faced challenges in sustaining upward momentum, leading to recurring performance declines.
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Phoenix Mills has consistently delivered positive returns across various periods, showcasing strong market performance. Its resilience and steady growth have contributed to its continued success.

Phoenix Mills has consistently delivered positive returns across various periods, showcasing strong market performance. Its resilience and steady growth have contributed to its continued success.
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MFSL has faced negative returns in several periods, highlighting difficulties in sustaining positive momentum. The stock’s performance has been inconsistent, leading to recurring dips in returns.

MFSL has faced negative returns in several periods, highlighting difficulties in sustaining positive momentum. The stock’s performance has been inconsistent, leading to recurring dips in returns.
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Muthoot Finance has consistently delivered positive returns, demonstrating strong growth and market stability. Its reliable performance has bolstered investor confidence across periods.

Muthoot Finance has consistently delivered positive returns, demonstrating strong growth and market stability. Its reliable performance has bolstered investor confidence across periods.
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Sun TV has shown a pattern of positive returns in several periods, reflecting its ability to maintain consistent growth and solid market presence.

Sun TV has shown a pattern of positive returns in several periods, reflecting its ability to maintain consistent growth and solid market presence.
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Petronet has exhibited steady positive returns, showcasing its resilience and consistent performance in the market. The company’s ability to sustain growth over time is noteworthy.

Petronet has exhibited steady positive returns, showcasing its resilience and consistent performance in the market. The company’s ability to sustain growth over time is noteworthy.
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Vodafone has struggled with negative returns in various periods, reflecting ongoing challenges in maintaining consistent growth. The stock has seen recurring downturns, impacting its overall market performance.

Vodafone has struggled with negative returns in various periods, reflecting ongoing challenges in maintaining consistent growth. The stock has seen recurring downturns, impacting its overall market performance.
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Castrol India has consistently delivered positive returns across several periods, reflecting strong market performance and steady growth. The company\'s resilience has contributed to its ongoing success in maintaining investor confidence.

Castrol India has consistently delivered positive returns across several periods, reflecting strong market performance and steady growth. The company\'s resilience has contributed to its ongoing success in maintaining investor confidence.
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Triveni Engineering has consistently posted positive returns, showcasing strong growth and reliable market performance. Its ability to maintain steady upward momentum has made it a solid performer across multiple periods.

Triveni Engineering has consistently posted positive returns, showcasing strong growth and reliable market performance. Its ability to maintain steady upward momentum has made it a solid performer across multiple periods.
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HBL Power Systems has demonstrated consistent positive returns, highlighting its strong market presence and steady growth. The company’s performance reflects its resilience and stability.

HBL Power Systems has demonstrated consistent positive returns, highlighting its strong market presence and steady growth. The company’s performance reflects its resilience and stability.
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Welspun India has shown a solid track record of positive returns, indicating reliable growth and strong market performance over various periods.

Welspun India has shown a solid track record of positive returns, indicating reliable growth and strong market performance over various periods.
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Linde India has maintained positive returns across several periods, showcasing its ability to deliver steady and consistent growth. The company’s solid performance has reinforced its market position.

Linde India has maintained positive returns across several periods, showcasing its ability to deliver steady and consistent growth. The company’s solid performance has reinforced its market position.
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Sobha has delivered positive returns, reflecting its strong growth trajectory and solid market performance. Its consistency has bolstered investor confidence over time.

Sobha has delivered positive returns, reflecting its strong growth trajectory and solid market performance. Its consistency has bolstered investor confidence over time.
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Bajaj Holdings continues to exhibit positive returns, underscoring its reliable growth and market strength. Its consistent performance is a testament to its long-term resilience.

Bajaj Holdings continues to exhibit positive returns, underscoring its reliable growth and market strength. Its consistent performance is a testament to its long-term resilience.
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Adani Enterprises has recorded positive returns in multiple periods, showcasing its strong market presence and ability to sustain growth. The company’s consistent upward trajectory highlights its strength in navigating market conditions.

Adani Enterprises has recorded positive returns in multiple periods, showcasing its strong market presence and ability to sustain growth. The company’s consistent upward trajectory highlights its strength in navigating market conditions.
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Lupin has faced negative returns across several periods, indicating challenges in maintaining consistent growth. The stock has struggled with performance, experiencing recurring downturns in the market.

Lupin has faced negative returns across several periods, indicating challenges in maintaining consistent growth. The stock has struggled with performance, experiencing recurring downturns in the market.
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Stocks

The chart analyzes the effect of Group company\'s IPO on its other group companies.

The chart analyzes the effect of Group company\'s IPO on its other group companies.
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The chart evaluates the forward return of stocks after entering into Nifty 50 index.

The chart evaluates the forward return of stocks after entering into Nifty 50 index.
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The chart explains the rationale behind the upward surge in Metal stocks.

The chart explains the rationale behind the upward surge in Metal stocks.
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The accompanying chart presents why the sugar stocks sparked on Friday:

The accompanying chart presents why the sugar stocks sparked on Friday:
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BSNL saw a significant surge, adding nearly 2.9 million subscribers in July 2024, largely due to its competitive positioning after private operators raised tariffs.

BSNL saw a significant surge, adding nearly 2.9 million subscribers in July 2024, largely due to its competitive positioning after private operators raised tariffs.
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The companies mentioned in the chart witnessed the decrease in FII holding in more than 5% in Q1FY25 compared to previous quarter.

The companies mentioned in the chart witnessed the decrease in FII holding in more than 5% in Q1FY25 compared to previous quarter.
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Here the companies which contributed the most and the least in the Nifty 50 rally from 25K to 26K.

Here the companies which contributed the most and the least in the Nifty 50 rally from 25K to 26K.
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The below chart presents the key contributors to the Nifty’s fresh highs on YTD basis:

The below chart presents the key contributors to the Nifty’s fresh highs on YTD basis:
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Here are the highlights of Adani Total Gas’ fund-raising efforts to expand operations:

Here are the highlights of Adani Total Gas’ fund-raising efforts to expand operations:
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Glimpses of Lemon Tree\'s aggressive expansion plan are outlined below:

Glimpses of Lemon Tree\'s aggressive expansion plan are outlined below:
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The above table displays the companies with market capitalization exceeding Rs. 10,000 crores that have experienced a continuous decline in Return on Equity (ROE) over the past five years.

The above table displays the companies with market capitalization exceeding Rs. 10,000 crores that have experienced a continuous decline in Return on Equity (ROE) over the past five years.
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The attached list displays companies having market cap exceeding Rs. 2,000 crores trading near their 52-week low with ROCE above 15%.

The attached list displays companies having market cap exceeding Rs. 2,000 crores trading near their 52-week low with ROCE above 15%.
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Indices

The chart compares the Nifty index’s annual returns and returns over the first nine months of calendar years since 2003. Out of 14 instances, the Nifty index has delivered higher annual returns compared to the first nine months\' returns in 11 cases

The chart compares the Nifty index’s annual returns and returns over the first nine months of calendar years since 2003. Out of 14 instances, the Nifty index has delivered higher annual returns compared to the first nine months\' returns in 11 cases
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Here’s how Bank Nifty performed in the 3rd quarter in previous 10FY’s:

Here’s how Bank Nifty performed in the 3rd quarter in previous 10FY’s:
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On average, the bank nifty’s streak returns are 10.3%, with subsequent weekly returns generally underperforming. The recent streak, from September 12 to September 23, 2024, returned 6.1% in 8 days. It remains to be seen if the index\'s bullish momen

On average, the bank nifty’s streak returns are 10.3%, with subsequent weekly returns generally underperforming. The recent streak, from September 12 to September 23, 2024, returned 6.1% in 8 days. It remains to be seen if the index\'s bullish momen
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When the index takes a longer time to reach a 1,000-point milestone, the subsequent milestones are typically achieved within a much shorter timeframe.

When the index takes a longer time to reach a 1,000-point milestone, the subsequent milestones are typically achieved within a much shorter timeframe.
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Presented below weekly return of strategy indices for this week:

Presented below weekly return of strategy indices for this week:
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Presented below weekly return of sectoral indices for this week:

Presented below weekly return of sectoral indices for this week:
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Economy

The chart displays the net exports statistics of Precious metals for Aug 2024.

The chart displays the net exports statistics of Precious metals for Aug 2024.
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Fund Flows

The sectors shown in the chart have witnessed consecutive 4 fortnightly inflows of FPI money.

The sectors shown in the chart have witnessed consecutive 4 fortnightly inflows of FPI money.
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The chart below displays sectors that witnessed the highest and lowest change in the weightage of sectoral FPI holdings to the total FPI holdings compared to the previous fortnight.

The chart below displays sectors that witnessed the highest and lowest change in the weightage of sectoral FPI holdings to the total FPI holdings compared to the previous fortnight.
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Opportunities

Food for thought

Metals and Autos Shine as Nifty Hits New Highs
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