The market reversed its two-week decline and managed to recoup half of the losses incurred last week. Key contributors to the Nifty index this week were Reliance, Titan, ICICI, and Kotak Bank. The Midcap Index made a strong recovery, erasing almost all of the previous week's losses and posting a substantial gain of over 2%. Nifty Bank saw a weekly gain, marking a positive turnaround after six consecutive weeks of decline. The Sensex, Nifty, and Nifty Bank each saw a 1% increase, while the Midcap Index recorded a 2% gain.
In a reassuring move, the Federal Reserve opted to keep interest rates unchanged, and Powell's remarks on inflation leaned slightly towards a more accommodative stance, suggesting that the central bank may not raise rates again in this economic cycle. This development infused optimism into both global and Indian markets.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
A look at Reliance Universe!
Race To Deposits Would Decide The True Banking Winner!
TVS Motor Achieves Highest Ever EBITDA in Q2FY24!
Here’s how Tata Motors performed in Q2FY24!
JK Tyre Reports a Whopping 398% Profit Surge In Q2FY24!
Piramal Pharma Ltd declared its results for Q2FY24, here’s how the quarter went:
The quarterly performance of Marico for the quarter ended 30th Sep 2023.
The chart discloses the quarterly results of Tata Consumer Ltd for Q2FY24.
Here’s how Britannia fared in Q2FY24.
The chart discloses the quarterly results of Deepak Fertilizers for Q2FY24.
The below chart shows the financial performance of Birlasoft during Q2FY24.
Blue Star reported exceptional Q2FY24 results!
Concor reported good Q2FY24 results!
Here’s how Intellect Design Arena Ltd. performed during Q2FY24!
Tata Steel Reports Weak Q2FY24 results!
The shares of DCX Systems surged on the back of excellent Q2FY24 results.
The chart below covers the Q2FY24 Results of Larsen & Toubro..
JK Lakshmi Cement delivered a robust set of Q2FY24 numbers.
Here are the best and worst performing Nifty 50 stocks in October 2023.
The table below shows the premium of futures over their spot prices for new monthly expiry. Nifty’s November futures are trading at its 2nd lowest premium in 6 months.
India’s Manufacturing PMI slowed down in October’23 to hit a 8-month low.
FIIs withdrew Rs.24,548 crores for the month of September’23, marking the highest withdrawals since January’23.
India’s Service PMI which rose in September’23 fell to a 7-month low in October’23.
LALPATHLAB gave a cup & handle pattern breakout on the daily chart supported by rising volumes and long buildup in Future OI data.
Jindal Steel came under intense selling pressure as the call writers were seen strengthening their position at maximum call open interest strike of 600.
PFC has given an ascending triangle breakout on the daily chart. A strong close above 260 likely to lead the next leg of rally in the stock.
Image Source: StatistaCharts (Twitter)
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