The market concluded the week on a pessimistic note and declined by 1.06% primarily due to several key factors. The week commenced with lackluster results as IT companies provided discouraging revenue forecasts. Simultaneously, escalating geopolitical tensions between Israel and Hamas pushed crude oil prices past the unsettling mark of $92 per barrel. Additionally, mounting bond yields, fueled by persistent inflation concerns, added to the market's woes.
On a more optimistic note, the banking sector displayed stable earnings performance. Asset quality remained strong, and profits surged, thanks to sustained credit expansion and reduced provisions.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
HDFC Bank Reported A Steady Q2 Results!
IndusInd Bank Trades in Green As It Reports A Strong Q2 Results!
Banks Kick Off Q2 Results Season with a Strong Start!
DMart Ltd declared its results for Q2FY24, here’s how the quarter went:
The following chart represents revenue earned and expenses incurred by Hindustan Unilever Ltd during the quarter ended 30th Sep 2023
Here’s how Coforge performed during Q2FY24
The below chart shows the financial performance of Dalmia Bharat in Q2FY24
Polycab India reported excellent set of Q2FY24 numbers
Elecon Engineering reported robust growth in its Q2FY24 results
Unsecured Lending Risk: A Key Factor To Watch Out For In Q2FY24!
The below chart discloses the Wholesale Price Index for the month of September 23
NESTLEIND zoomed past its previous resistance with follow up buying supported by rising volumes. A fresh rally is expected in the stock
GNFC gave a breakout from the resistance levels of 660 on the daily chart with the Future Open Interest (OI) indicating Long buildup
L_TFH tested its previous resistance levels of 138 on the daily chart. Short covering at 140 Strike is likely to drive fresh leg of rally in the stock
[4 Must-See Charts] Fertilizer Stocks Booming
Bharti Airtel Has the Potential to Cross the Rs 1,000 Mark Soon
Lodha’s Primary trends remain bullish, as the stock forming Higher Highs and Higher Lows on the daily chart
Image Source: (Visual Capitalist)