In recent days, the conventional greetings among friends and colleagues have shifted from 'Namaste' and 'Kaise Ho' to a new trend centered around 'IPO Allotment Laga kya' due to the heightened excitement surrounding initial public offerings (IPOs) and their remarkable market debuts. The recent listings of Tata Tech, IREDA Ltd and Gandhar Oil ltd proved to be a blockbuster listing. This Calendar Year has been a fantastic year for IPO investors, with its top 10 listing IPOs reporting an average listing gain of 83.2%.
Not just the IPO investors but the retail investors too would have enjoyed this week as Nifty 50 closed the week on a strong note with a gain of 2.40%. Nifty closed in green for the fifth consecutive week. The last time Nifty closed in green for five consecutive weeks was during the 10th October to 7th November 2022 period. Three weeks later, Nifty had hit the then all-time high of 18,888 on 28th November. This time however, the market did not have to wait for three weeks as the Nifty hit an all-time high of 20,292 on 1st Dec, 2023 itself.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
IPO's Making Headlines with Massive Listing Gains: Here Are the Top Performers Of 2023!
Meet the Multi-Bagger Champions of the Nifty 500 in 2023!
Nifty 50 Standouts: Unveiling the Top Performers that Beat the Index in 2023!
Here are the best and worst performing Nifty 50 stocks in November 2023!
The below chart displays the YTD share price returns of key consumer durable stocks.
Here’s how the YTD Returns of companies of NIFTY FMCG are recorded.
Leading NBFCs continued to Fare Well in H1FY24; Who Grew Their AUM the Fastest?
Here’s how Leading IT Companies fared in Q2FY24!
Bajaj Auto's Sales Adventure: The Nov-23 Chapter Unveiled!
Companies whose PAT zoomed over and above 100% from Q2FY23 to Q2FY24
A glimpse of the Alcohol Industry players' performance in the quarter ending 30th Sept 2023.
Bank Nifty Has Been Underperforming Nifty-50 For 7 Months!
Will December Uphold the Ongoing Market Rally?
India’s Manufacturing PMI rose in November’23 after hitting a 8-month low in October’23.
Short Covering Fuels Market Rally in November Series, Bullish Momentum Likely to Continue!
The FPI Long Short ratio rose from 10.88% on the last day of October Series Expiry to 35.75% on the last day of November Series Expiry
The PCR rose sharply from 0.61 on 26th October to 1.18 on 30th November indicating put writers' dominance throughout the November series.
Bulls Undeterred by Rising VIX in November Expiry!
Nifty rose 6.77% in the November Series Expiry while the Open Interest (OI) saw a fall of 7.78%, indicating covering of short positions in Index futures.
GAIL has given a price & volume breakout on the daily chart. Short covering at 140 Strike is likely to drive fresh rally in the stock.
MUTHOOTFIN has gone past the previous resistance level of 1380 on the daily chart.
AMBUJACEM has given a trendline breakout on the daily chart supported by a rise in volumes and Long Buildup in Future Open Interest (OI) data.
ICICIPRUI exhibits strength with a weekly RSI of 56.
Ascending Triangle Breakout in BIRLACORPN!
Image Source: Visual Capitalist