It’s been an exciting start for FY25 as the Nifty 50 hit another all-time high, and Bank Nifty closed near its peak for the week.
The impressive Q4FY24 operational update from HDFC Bank and the RBI MPC's decision to keep the policy rates unchanged added fuel to the bullish sentiment, particularly for Bank Nifty towards the end of the week.
The Nifty Smallcap 100 index has been on a remarkable 11-day winning streak, hinting at a potential extended bull run ahead. Further, silver is grabbing investor attention as it is catching up with gold’s rally and has given an all-time breakout during the week.
Overall, it's been a positive week across the board, with all major sectoral indices closing in green. Nifty ended the week 0.84% higher at 22,514. Nifty Media and Nifty Metal surged the most with a gain of 6.7% and 5.35% respectively.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
HDFC Bank's operational update showed robust growth in its advances.
Here’s the operational update of DMart for the quarter ending March 24.
All the metal stocks were trading on a positive note with some of them near their 52-week highs on April 01, 2024.
Here's how GM Breweries performed during Q4FY24 & for FY24!
The below table shows the surge in passenger vehicle sales in March 2024 and for FY 2023-24.
Bajaj Auto books 27% sales growth in March 2024!
Here’s the average 1-month, 2-month, and 3-month forward returns of the Nifty Smallcap 100 index when it rallies continuously for 10 or more days!
Nifty 50 made a new all-time high on April 01, 2024. Until now, it has hit 10 new all-time highs in 2024.
If Nifty 50 continues its winning streak in the rest of 2024 like it did so far then by the end of this year, it might total 40 new all-time highs.
The below chart shows how major indices have performed in April month in the past 10 years.
The below chart displays the quarterly performance of Nifty50 over the past decade.
Here’s the performance of various indices during Q1FY24 based on the Sharpe ratio!
Here's How Major Indices Fared During March 2024!
Here are the key announcements made in the RBI MPC meeting which was held on Friday!
Gold Bees which is an exchange-traded fund (ETF) and tracks gold prices has closed on a positive note in all 10 out of the last 10 years.
The below chart depicts the beginning of gold’s outperformance over the Sensex.
A rise in international silver prices on interest rate cut expectations can further elevate all-time-high silver prices in India.
Here’s the graphical representation of the effect of La-Nina on the returns of Sensex and BSE FMCG!
India’s Service Purchasing Manager’s Index (PMI) rose to Month-on-Month in March’24.
The below chart shows the large-cap mutual funds that beat their benchmark indices (1/2).
The below chart shows the large-cap mutual funds that beat their benchmark indices (2/2).
Here’s the chart showing continuous eight months of positive DII inflows and an all-time high in March 2024!
It appears that FIIs net invested more than Rs.35,000 crores in India in March’24. However, the below chart depicts that FIIs net divested from the Indian markets in the 2nd fortnight of March'24.
The Nifty Realty sector remains robust in the weekly chart.
Image Source: @VisualCap (Twitter)
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