The bloodshed in markets kicked off immediately from the beginning of this week with both Nifty and Bank Nifty erasing all the gains made in the previous week. India VIX spiked by a whopping 27% as volatility soared.
It wasn't just the big players only feeling the heat the Nifty Smallcap 100 and Nifty Midcap 100 joined the bloodbath wiping out 5.13% and 3.13% respectively.
Amidst this turmoil, Foreign Portfolio Investors (FPIs) shifted their focus redirecting funds from financial services and IT sectors to telecom and capital goods. The Vodafone Idea Follow-on Public Offer (FPO) has put the telecom sector at the forefront of flows.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
The accompanying chart presents the results update of CAMS Ltd for Q4FY24.
Here's how Britannia performed during the quarter ending 31th Mar-2024:
Summary of Marico Ltd Q4FY24 performance.
Here's how SRF performed during the quarter ending 31th Mar-2024:
Bharat Forge Ltd achieved excellent financial results for Q4 and FY24, leading share price to rise by 15% in a day.
BPCL experienced an exceptional surge in profit in FY24, but its Q4 profit fell on a YoY basis.
Gujarat Gas Ltd's Q4 profits increased but FY24 performance disappointed.
Gujarat State Petronet Ltd achieved the highest gas sales from the previous 8 quarters Q4 FY24 leading to improved quarterly results.
Hero MotoCorp Ltd impresses investors with strong yearly performance, with the share rising over 3% on each of three days post accouchement of Q4 results.
Indraprastha Gas share price gained over 5% in a day on strong financial result
Mahindra and Mahindra financial service experienced decline in net profit margin in Q4 and FY24 over the previous year.
The Indian Bank has shown impressive performance in the Q4FY24 results.
SBI's solid performance in Q4FY24 results.
Allsec Technologies reported a strong set of Q4FY24 numbers.
The chart below displays the Q4FY24 results of KEC International.
SKF India's stock surged post reporting excellent Q4FY24 results.
Amidst the chaos, the Nifty FMCG, Nifty Auto, and Nifty IT indices have yielded positive returns.
While the majority of strategy indices have yielded negative returns, the Nifty 50 TR 1x Inverse index and the Nifty Growth Sector 15 index provided positive returns in the recent week.
India's Service Purchasing Manager's Index (PMI) fell to Month-on-Month in April'24.
Automobile sales continue to grow, with two-wheeler sales volume growth outpacing across segments.
Equity Oriented MF schemes' statistics for April 24 are presented below
The sectors shown in the chart have witnessed outflows of FPI funds in the previous 4 consecutive fortnights.
The below chart shows the highest & lowest sectoral investment made by FPI in the latest fortnight
The sectors shown in the chart has witnessed consecutive 4 fortnightly inflow of FPI money.
A bird's eye view of how Bajaj Holdings inches higher taking support from its base.
Image Source: @Visual Capitalist (Twitter)
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