This week the stock market breathed fresh air for investors, kicked off by Mr. Amit Shah's encouraging remarks about winning elections. This positive sentiment and strong corporate results fueled the markets higher this week.
Despite the India VIX cooling down after hitting a peak of 21.875, it still closed with a 7.17% gain on a weekly basis.
The Nifty Small Cap 100 and Nifty Mid Cap 100 posted impressive gains of 4.74% and 4.18%, respectively. Further, the Nifty Midcap 100 not only made a remarkable comeback this week recovering all its losses from the previous week but also delivered positive returns to investors.
Sectors that are leading the dashboard are the Nifty Realty and Nifty Metal indices with gains of 6.6% and 6.47%, while the Nifty FMCG was the sole laggard slipping to a negative of 0.38%.
Nifty 50 and Bank Nifty ended in green with a gain of 1.86% and 1.46% respectively. Overall, it was a week of strong performance across most sectors, bringing optimism back to the market.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
The shares of Kaynes Technology were locked in the upper circuit after it reported excellent Q4FY24 numbers.
Summary of Mankind Pharma Ltd Q4FY24 performance
ABB India reported a strong set of Q4FY24 numbers.
The chart below displays the Q4FY24 results of Tube Investments Ltd.
NCC reported robust set of Q4FY24 results.
The accompanying chart presents the results of GSK Pharma for Q4FY24.
Shree Cements sustained its growth amidst challenging conditions for the cement sector.
Here's how Colgate Palmolive performed during the quarter ending 31st Mar-2024:
Karur Vyasa Bank showed an impressive financial number in its Q4FY24 results.
Here's how Siemens has performed in Q4FY24.
The table below presents the list stocks that will turn ex-dividend in the next week.
Foreign Institutional Investors (FIIs) withdraw Rs.18,000 crores for the week ended 10th May 2024, 2nd most in the Calendar Year 2024.
Tata Communication rises from the accumulation zone.
With India's elections going on, here's the bird's eye view of a few data points and process to know while you cast your vote.
Easy & quick
1. Register on SCORES portal
2. Mandatory details for filling complaints on SCORES
Name | PAN | Address | Mobile | Number | E-mail ID
3. Benefits
Effective Communication
Speedy redressal of the grievances
