The week started strong with Nifty 50 and Bank Nifty taking charge right out of the gate on Monday. They led the way, setting the tone for what seemed like a bullish week ahead. The heightened volatility throughout the week was marked by a significant surge of over 33% in India VIX.
However, the real fireworks came later, as both indices soared to new all-time highs on Friday. While Nifty Smallcap 100 and Nifty Midcap 100 joined the high-flying club, they also faced some profit booking on Friday. Power and metal stocks, on the other hand, maintained their momentum, keeping the positive vibes alive throughout the week.
Nifty 50 ended the week flat at 22,476. Nifty PSE and Nifty Auto surged the most with a gain of 3.94% and 1.94% respectively while Nifty IT declined by over 2%.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
A surge in Sports Utility Vehicle sales has driven the Maruti Suzuki's Q4 FY24 financial performance
ICICI Bank & Yes Bank have shown impressive performance in the Q4FY24 results
Here's the pictorial representation of the recent acquisition by Apollo Healthco Ltd, a subsidiary of Apollo Hospitals.
Force Motors recorded phenomenal performance in Q4FY24.
The table below shows 14 stocks where promoters, FIIs and DIIs raised their stakes in the last quarter od the previous fiscal year 2024.
Presented below Automobile original equipment manufacturers' April 24 sales volume - Hero MotoCorp and Mahindra & Mahindra Ltd outshined:
In Q4 FY24, Sona BLW Precision Forgings bottom line rose in consolidated books but declined in standalone books on a YoY basis.
The share price of HCL Tech slumped by over 5% on Monday after reporting muted Q4FY24 results
The fall in the net profit margin of Indian Oil Corporation caused the Q4 FY24 profits to fall by nearly half on a YoY basis
The shares of Coforge slumped by almost 10% on Friday as the company did not offer FY25 growth guidance indicating potential future uncertainty.
L.G. Balakrishnan & Bros has achieved year-on-year growth in Q4 FY24 result, but remained flat on quarter-on-quarter basis.
On 30th April 24, all automobile OEMs' shares traded with bullish sentiment on the expectation of a surge in sales volume during the month.
Here's how Birlasoft performed during Q4FY24!
The below chart shows the strong performance delivered by Havells India in Q4FY24.
The below chart presents the Q4FY24 results of Glenmark Life Sciences.
An increased market share has helped Indus Towers deliver record tower additions, surpassing the milestone of 200,000 towers.
KPIT Technologies has displayed steady revenue and EBITDA growth for 15 consecutive quarters.
Rock solid performance of the Jan Small Finance Bank in Q4FY24 impacted in soaring its share price to 19%.
Federal Bank Investors disappointed by Q4FY25 performance as the PAT dropped by 7% leading stock price to fall by 2%
Shakti Pumps Ltd. reported a strong set of Q4FY24 numbers.
The chart displays the revenue and profit growth of Kfin Tech for the quarter ending 31st Mar 2024.
Here's how Tata Chemicals performed in Q4FY24.
Nifty Auto sector provided maximum return during the week ended 03-05-24
The Nifty 200 Momentum 30 strategy index provided maximum return during the week ending 03-05-24.
Divi's Laboratories and HCL Technologies emerged as the top gainer and top loser respectively in April 2024 in Nifty 50 Index.
India's Manufacturing Purchasing Manager's Index (PMI) fell to Month-on-Month in April'24.
Foreign Institutional Investors (FIIs) have net withdrawn from the Indian markets in the second half of the first month of the new financial year.
BPCL inches higher after decent consolidation
Image Source: @indiainpixels (Twitter)
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