The earnings season kicked off with IT giants TCS and Infosys unveiling their Q3FY24 results. Their robust performance, combined with improved macroeconomic prospects due to stabilized interest rates, propelled the Nifty IT index up by 4.8% for the week. Additionally, the inauguration of the 21.8-kilometer Atal Bridge connecting Mumbai's financial hub to Navi Mumbai boosted realty stocks. This development is expected to stimulate commercial and residential activities in both regions. As a result, the Nifty realty sector surged by 4.35%. Overall, the Nifty 50 index closed the week with a gain of 0.85%.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
TCS has delivered a strong performance in a seasonally weak quarter!
The below chart displays how TCS reacts after announcing quarterly results.
Here’s how Infosys performed during Q3FY24!
Bank Of Baroda Reports Q3 Update: Weak Deposits Tremble The Stock!
Union Bank Of India Q3 Business Update: Total Advances Up 11.4%!
Bank of India Q3 Business Update: Advances Up 5.2% QoQ!
The below chart shows the Q3FY24 operational performance of JSW Steel Ltd.
Here are 12 stocks with rising volumes!
The below chart displays the Q3FY24 business update for Titan Company and Kalyan Jewellers Ltd.
Prestige Estates has displayed strong operational performance in Q3FY24.
Here’s the operational update of Adani Wilmar for the quarter ending 30th Dec 2023:
Here’s the operational update of Nykaa for the quarter ending 30th Dec 2023
The chart below represents the performance of Delta Corp during Q3FY24.
INDIGO has formed an ascending triangle pattern on the daily chart. Short covering at 3,000 Strike can fuel a fresh leg of rally in the stock.
COROMANDEL has formed a triple top pattern on the daily chart. Put writers exiting from the 1200 Strike can drag the price down even further.
Source: Visual Capitalist
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