The market showcased remarkable resilience and bullish sentiment, spurred by heavy Foreign Institutional Investor (FII) buying on Thursday. This influx of investment propelled the Nifty 50 to a new all-time high, breaching the 23,000 mark for the first time.
Defense and ship building companies caught the eye of investors. The Nifty Midcap 100 index surged by 1%, signaling bullish sentiment, while the Nifty SmallCap 100 faced headwinds, remaining under pressure.
Nifty 50 ended the week 2.02% higher at 22,957. Notably, all the major indices concluded the week on a positive note. Nifty CPSE and Nifty Media surged the most with a gain of 4.83% and 3.42% respectively. As we approach the election results in the first week of June, we can expect increased market volatility in the coming weeks.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
Here’s how ITC made money in the quarter ending March 31, 2024!
IRFC has shown impressive performance in Q4FY24, resulting surge in share price by 4%.
Here’s how Powergrid Corp Performed During Q4FY24!
Action Construction Equipment reported a strong set of Q4FY24 numbers.
The chart below displays the Q4FY24 results of Finolex Cables.
The share price of Orchid Pharma slumped by 10% on Friday after reporting muted Q4FY24 results.
Here’s how the quarter went for Sun Pharma in Q4FY24.
Summary of Rainbow Hospital’s Q4FY24 performance.
The accompanying chart presents the results of PI Industries for Q4FY24.
Muthoot has shown a sluggish performance in Q4FY24.
The table below shows the number of days taken by Nifty50 to achieve 100,200,.. etc points from reaching a milestone.
Here’s how the various sectoral indices performed during the week…
Here’s how the various factor based indices performed during the week…
The below chart shows the highest & lowest sectoral investment made by FPI in the latest fortnight.
The sectors shown in the chart have witnessed consecutive 4 fortnightly outflows of FPI money.
The Information Technology sector witnessed a consecutive 6 fortnightly outflow of Foreign Portfolio Investors.
Bank of Baroda Sustains above Key Resistance Level
Image Source: @StatistaCharts (Twitter)
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