The Indian markets, during the week, faced notable pressure, starting strong but ending lower each day. However, bullish momentum eventually prevailed, reversing the previous week's bearish sentiment. The India VIX saw a significant drop of nearly 20% on Tuesday, marking its third-largest daily decline.
Key players like Reliance Industries and HDFC Bank drove market activity with their Q4FY24 results. While Kotak Bank shares dipped due to RBI restrictions, Axis Bank's strong Q4FY24 performance sustained Bank Nifty's bullish outlook on Thursday.
Nifty continues its one of the longest winning streaks above 200 DMA. Nifty Smallcap 100 and Nifty Midcap 100 indices touched new all-time highs as they ended on a positive note for 5 consecutive trading days.
Nifty 50 ended the week 1.23% higher at 22,420. Notably, all the major indices concluded the week on a positive note. Nifty PSU Bank and Nifty Metal surged the most with a gain of 6.44% and 3.52% respectively.
A pictorial flow from the topline to the bottom line of the annual consolidated result of Reliance Industries Ltd for FY24.
Here’s the business-wise analysis and Q4FY24 performance of Reliance Industries Ltd and its conglomerates!
HDFC Bank has shown overall growth in its Q4FY24 results.
Axis Bank impressed its investors with its Q4FY24 results!
RBI imposed restrictions on Kotak Mahindra Bank for adding new customers digitally and issuing new credit cards.
Kotak Bank slumped by over 10% on Thursday after RBI banned it from onboarding new customers through online mode and issuing credit cards.
The chart shows the performance of ICICI Prudential in Q4FY24.
Bajaj Finance tanks 7% after its Q4FY24 results.
Here’s How Wipro Performed During Q4FY24!
The share price of Persistent Systems slumped by 10% on Monday due to flat margin guidance for the financial year FY25.
The share price of Tata Elxsi tanked by 5% on Wednesday post muted Q4FY24 results.
The below chart displays the stellar result reported by Tejas Networks for Q4FY24.
Cyient DLM reported an excellent set of Q4FY24 results.
Chennai Petroleum has achieved a turnaround in Q4FY24 with a 72% QoQ profit surge!
Olectra Greentech observed a QoQ and YoY fall in financial performance during Q4FY24.
Maharashtra Scooters Ltd reports bad Q4FY24 results!
The shares of Dalmia Bharat tanked as the cement maker reported poor quarterly numbers.
Here’s how HUL made money in Q4FY24!
The below chart displays how Tata Consumer Products performed during Q4FY24 and FY24!
Hatsun Agro Product Ltd. reported a robust set of Q4FY24 numbers.
Summary of Glenmark Life Sciences Ltd Q4FY24 performance.
360 One WAM has provided a splendid Q4 FY24 performance with remarkable profit, revenue, and AUM growth!
The below chart displays Nifty continuing one of the longest winning streaks above 200 DMA.
India VIX witnessed a sharp fall of more than 17% as soon as the market opened on Tuesday making it the third biggest daily fall.
Presented below weekly returns of sectoral indices for the week ended 26th April 24
Presented below weekly returns of strategy indices for the week ended 26th April 24
The table below shows the premium of futures over their spot prices for new monthly expiry. Nifty’s May futures are trading at their lowest premium in the last 1 year.
The provisional Direct Tax collection numbers for FY24 have surpassed the budget estimate, with personal Income tax collection seeing the maximum increase!
The chart depicts sectors that attract continuous inflow of FPI in consecutive 3 fortnights.
The below chart shows the highest & lowest sectoral investment made by FPI in the latest fortnight.
Kotak Bank holds near long-term base
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