October not only stands out as the most profitable month for Bank Nifty but also extends its success into the ensuing quarter, encompassing October through December. During this period, Bank Nifty consistently records impressive share price returns. All signs point toward a promising and potentially prosperous stretch for the banking stocks, will the history repeat? Lets wait and watch.
In the week gone by The Nifty Small Cap and Mid Cap indices maintains their strong performance, while the broader Nifty indices concluded the week with a negative return of -0.18%. This marks the Nifty 50’s second consecutive week in the red. The decline in the Nifty 50 was primarily attributed to the IT sector, which faced pressure due to Accenture's guidance falling short of expectations. Conversely, public sector (PSU) stocks regained momentum, with the BSEPSU index rising by 2.4% during the past week.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
The Nifty Midcap 100 Index has been making record highs. The chart below shows the top 5 gainers and losers of the Nifty Midcap 100 Index in the last 1 year.
The below chart depicts reasoning for Delta Corp Ltd share price fall.
What Is The Right Time To Invest In Small Finance Banks?
Nifty 500 Stocks Which Have Shown A Steady Surge In Operating Profits!
The table below shows a list of 7 Nifty50 stocks which are in touching distance from their 52-Week Lows.
The below chart shows the YTD returns of consumer durable stocks
Here is a comparative analysis of cement giants’ PAT margins for Q1FY23 and Q1FY24
These companies have a market cap-to-sales ratio of less than 0.75
The provided chart illustrates the performance of FMCG companies in comparison to their benchmark indices over the past three months.
Here’s the summary of Pharma giants share price returns comparison with its benchmark indices over the last 3 months.
The accompanying chart provides the details of Specialty chemical companies YTD performance:
Here are the companies with low price-to-BV with the highest fall in their share prices within the last 2 weeks.
The below chart covers a list of 15 stocks having a market capitalization of above Rs.2000 crore that doubled investors wealth in the last 3 months.
Oktoberfest for Bank Nifty
October is the Most Profitable Month for Bank Nifty
Bank Nifty Enters the Most Profitable Quarter
Small and Mid-Cap Outperforming Nifty Index for Six Consecutive Months!
Nifty50’s September futures have been trading at its highest premium in the last 1 year.
India’s Manufacturing PMI which has now been above 50 for 26th consecutive months hit a 3-Month high in August’23.
Follow up buying is observed in CANBK post the ascending triangle breakout on the weekly chart.
ESCORTS broke out of the 3060-3260 range on the daily chart today with Long Buildup support
DIXON retested its previous support level of 4750 on the daily chart. The stock is moving in an uptrend since May’23.
The Foreign Portfolio Investors (FPIs) Long-Short Ratio dropped from 50.50% on 31st August to 30.53% on 28th September, indicating that the FPIs now hold more short positions relative to long positions in Index Futures.
The Put-Call Ratio (PCR) made a high of 1.54 on 12th September before falling to 0.74 on the last day of September expiry, indicating strong presence of call writers.
The India VIX, known as the fear indicator, rose from 12.06 to 12.82 (+6.30%), gave major discomfort to the bulls in the second half of the September Expiry.
September Expiry started with an OI of 1.06 crore shares while we will begin the October Expiry with an OI of 1.04 crore shares.
The 19,500 Strike put option has highest open interest followed by the 19,000 Strike put option. While on the call side, the 20,000 call has highest open interest followed by the 20,500 Call option.
Image Source: IIPMaps
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