The market got no time to rest post the tedious earnings season as two important macroeconomic data points were released last week. In the month of July India reported a CPI of 7.44% - which is now the highest in 15 months. This spike in inflation was driven majorly by vegetable inflation. The government also reported its trade figures for July and we saw the trade deficit widen.It stands at 20.67 bn USD. We cover the top commodities India traded in July in this week’s samshot.
The Nifty 50 ended the week with a decline of 0.61%. Nifty has now closed in the red for the fourth consecutive week. The last time Nifty closed in the red for four consecutive weeks was during the 17th Feb – 16th Mar 2020 Covid period.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
The below chart shows the gainers and losers since the last Independence Day.
The below chart summarizes the performance comparison of FMCG giants during Q1FY24.
Here’s how leading IT companies fared in Q1FY24.
The below chart compares YoY PAT margins of major EMS companies.
Unveiled: The Top 12 Stocks LIC Boosted Stakes in for Q1FY24!
The table below covers a list of 12 companies where Promoters, FIIs and DIIs have all raised their stakes.
The accompanying chart indicates how ITC Ltd made money during the quarter that ended June 2023:
Muthoot Finance Q1 Results; Unyielding Struggle Continues!
City Union Bank Q1 Results: Slowing Growth Dragging the Valuations!
Arman Financial Surges In Trade As It Reports 154% Jump in PAT!
The below chart shows the Q1FY24 results of Data Patterns.
Apollo Hospitals results update for Q1FY24, here’s the company’s performance:
The below chart shows how Voltas performed during Q1FY24.
Hindustan Copper reports weak Q1FY24 results.
Here’s how Vodafone Idea performed during Q1FY24.
ABB India reported blockbuster Q1FY24 results.
India Continues To Underperform Global Peers On A YTD Basis!
India's Inflation Surges to 15-Month High, CPI Spikes to 7.44%
India's July Trade Report; Imports Stagnant But Deficit Widens!
Find Out The Top Commodities India Traded In The Month Of July!
ESCORTS broke out of the 2500-2600 consolidation phase and moved up swiftly with spike in volumes and Long Buildup in Future Open Interest data.
OFSS gave a double top breakout from the 4000 levels on the daily chart. The stock has been moving in a higher high higher low structure.
CONCOR broke its key support level of 660 on the daily chart with a spike in volumes. The stock also closed below the 50-Day Exponential Moving Average.
Image Source: @brianferoldi (Twitter)
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