The past week was buzzing with significant events in India's economic landscape. The announcement of the Reliance and Disney merger deal sent shockwaves through the entertainment industry, creating a media powerhouse that could outstrip the competitors.
Meanwhile, there was a welcome boost in manufacturing as India's PMI hit a 5-month high in February. Economic growth also soared, with the Indian economy expanding by 8.4% in the October-December quarter, surpassing expectations and marking the fastest pace in six quarters. This surge was fueled by robust activity in the manufacturing and construction sectors.
Positive global indicators and impressive GDP numbers led the Bank Nifty to surge by over 2.5% and drove the Nifty 50 index to touch an all-time high of 22,353.
Nifty ended the week 0.57% higher at 22,339. Nifty Metal and Nifty Auto surged the most during the week with a gain of 2% and 1.22% respectively.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
Here are the key features and effects of the Reliance Disney media merger deal!
The Nifty’s realty stocks have given blockbuster returns over the past 1 year but the recent Q3FY24 numbers show a different picture when it comes to sales growth.
Here’s Why Hospital Stocks Corrected on February 29, 2024!
The below chart shows how an arbitrage gain could have been made in the Bajaj Auto buyback.
Here's How Major Defence Companies Fared in Q3FY24!
The below chart depicts twelve companies with high EPS growth and Low PE.
The table below shows stocks that have consistently grown their profits by more than 10% for the last 4 quarters.
The table below covers 19 stocks that reported a 10x jump in their profits.
The below chart shows 10 Small-Cap Companies with the highest YoY net profit growth in Q3FY24.
FMCG vs. small cap ratio at its decade-low
Time to Invest In FMCG
Nifty Pharma is on Its Longest Winning Streak in a Decade
Here are the ETFs That Beat Benchmark Indices like Nifty and Bank Nifty in Last One Year
The table below shows the premium of futures over their spot prices for new monthly expiry. Nifty’s February futures are trading at its 4th highest premium.
India’s economic growth witnessed a surge on account of strong performance by sectors such as construction, mining & quarrying, and manufacturing.
India’s Manufacturing Purchasing Manager’s Index (PMI) rose to a 5-month high in February’24.
Fintech Person loan credit in India is rising!
HAVELLS broke its major resistance of 1,470 on the daily chart. This breakout is likely to drive a fresh leg of rally in the stock.
INDUSTOWER has zoomed past its previous resistance of 230 level on the daily chart with spike in trading volumes
Heromotoco slips from crucial juncture
Some Profit booking in Nifty PSU Bank
February Series Derivative Data Point Towards Momentum Slowing Down in Nifty.
Image Source: @VisualCap (Twitter)
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