The Indian stock market saw a dynamic week with notable sectoral movements. Bank Nifty reached a new high, surging over 3%, driven by strong performances from private banks like HDFC Bank and ICICI Bank.
On Thursday, chemicals and fertilizer stocks captured investor interest following a proposal to exempt fertilizers from GST. IT stocks experienced tactical buying as the rupee hit an all-time low against the US dollar. Meanwhile, the auto, FMCG, and PSU sectors saw some profit booking, balancing the week’s overall market activity.
Nifty 50 ended the week 0.15% higher at 23,501. Nifty Private Bank surged the most with a gain of 4.17% during the week.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
Here's why the fertilizer stocks surged on June 20, 2024!
Here's why IT stocks surged on June 21, 2024!
The chart below shows fertilizer stocks with the highest PAT that are attracting investors.
The chart below shows the growing interest of mutual funds in road infrastructure companies as their holdings increase.
The graph explains the performance of Infrastructure developers on various financial parameters.
The chart illustrates how road infrastructure companies will benefit from NHAI BOT projects worth Rs. 44,000 crores.
Presented below is JLR's (Tata Motors' subsidiary) move for its EV business vision in China.
The below chart shows the stocks having market capitalization exceeding Rs. 5,000 crores displaying strong EPS growth for two consecutive years.
The following high-return ratio stocks can provide robust long-term value compounding:
Here's what the Nifty EV & New Age Automotive Index is made of:
Presented below are the returns of sectoral indices for the past week:
Presented below are the returns of strategy indices for the past week:
Presented below are the passengers carried and market share for the top domestic airlines for May 2024
The below chart displays the highest & lowest sectoral investment made by FPI.
Sectors showed in the chart witnessed continuous 4 fortnightly outflows by Foreign Portfolio Investors (FPI).
Nifty Auto forms Evening Star at Resistance Zone
Abbott India inches higher after a period of Consolidation
Image Source: @VisualCap (Twitter)
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