The bulls were in control in the week gone by. Nifty 50 touched the 19,000 mark for the first time on 28th June 2023. The rally continued in the next trading day i.e. on 30th June as well, making Nifty 50 cross 19,189 levels.The Pharma stocks enjoyed good buying through out the week. IT and AMC stocks were also in focus in the later part of the week.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
Here are the best and the worst performance Nifty50 stocks since the previous peak on 1st December 2022.
Most of the top Nifty FMCG Companies by MCap seems to have performed much better than the broader market index.
The below data sheds light on the market performance of the companies highlighting their contributions to the renewable energy landscape.
As Nifty50 continues to rally, the below is the sectoral indices’ performance from its previous peak on 1st December 2022.
For the week ended 23rd June, 2023, Foreign Institutional Investors (FIIs) have net invested Rs.14,258 crores, which is the highest since the week ended 4th November, 2022.
M&M broke out of its 1370 resistance on the daily with Long Buildup support. Breakout was followed by a retest and bounce.
COLPAL finally managed to break its long term resistance of 1680 on the daily chart. The stock is also moving in a higher low formation.
DRREDDY is set for an upmove after it broke out of its major resistance zone of 4950-5000. The stock failed to go past this zone since October, 2021.
7 out of 10 people consume non-vegetarian items in India. (Source: India Today)