Kicking off with a bang, both Nifty 50 and Bank Nifty soared to record highs on Monday, maintaining the momentum through Tuesday and Wednesday. But just as we thought the sky was the limit, Friday brought a reality check with a dip, influenced by global uncertainties.
The week also marked the onset of the Q4FY24 results season with TCS announcing its result on Friday after-market hours. Historically, TCS has reacted negatively after announcing its Q4 results which suggests a cautious approach for the company’s share price in the coming week.
The precious metals had their own fireworks, with gold and silver riding high throughout the week. The Nifty Smallcap 100 index ended its remarkable 14-day winning streak by closing negatively on Friday.
Nifty ended the week 0.03% higher at 22,519. Nifty Metal and Nifty Realty surged the most with gains of 2.9% and 1.56% respectively.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
Here's How TCS Performed During Q4FY24!
The chart below shows the share price returns of TCS on the result day, the immediate next day, and the following week.
Tata Motor’s wholly-owned subsidiary JLR has recorded robust annual sales growth of over 20% apart from strengthening the market position in North America and the UK.
Voltas sold over 2 million AC units in the last FY, which is the highest-ever sale of ACs by any brand in a financial year in India, with a volume growth of 35%.
Godrej Properties announced its highest-ever quarterly and annual sales in Q4FY24 and FY24 respectively.
Gensol Engineering reported more than 3x order book of Rs.1,783 crores for FY25 when compared to the 9-month FY24 revenues of Rs.541 crores.
The below chart displays the Q4FY24 business update for Titan Company and Kalyan Jewellers Limited.
Phoenix Mills’ retail consumption in FY24 surged by 22% YoY.
The below chart presents the operational performance of Metropolis Healthcare Ltd.
The chart displays the operational updates of IRB Infrastructure’s toll revenues.
Here’s how TRIL performed during Q4FY24!
Bank Nifty marked its first all-time high for the year 2024 on Monday.
Sensex touched all-time high this week surpassing the 75,000 mark.
Presented below top six sector/thematic and strategy indices for the week ended 12th April 24
Here’s how India VIX reacts 3 months before General Assembly election results!
Indian silver prices are at their all-time highs despite international silver trading almost 50% below its all-time high.
Commodities reflect bullish sentiment as almost every commodity has experienced an up move in the April month.
The Auto sector sales record for FY24 indicates strong economic fundamentals as all vehicle segments have recorded YoY growth on an annual basis.
The market share of the Top 10 Passenger Vehicles’ and Two-wheelers original equipment manufacturers are presented below.
While Sectoral/Thematic funds witnessed strong net inflows, small-cap funds witnessed a monthly outflow after a long time in March 2024.
The below chart shows the highest & lowest sectoral investment made by FPI in the latest fortnight.
The chart depicts sectors that attract continuous inflow of FPI in consecutive 3 fortnights.
FPI’s holding % has decreased in the financial services sector over the last year.
Bajaj Finance is inching higher in the weekly chart
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