Samco securities limited
download samco app
translate icon
IPO
Become a Partner
  • become partner
Referral Program
  • Samco Referral Program
×

Nifty 50 Snaps Five Week Losing Streak!

The Nifty 50 ended the week with an increase of 0.88%. The Nifty 50 index managed to break its 5 weeks losing streak. Auto, midcap, IT, and specialty chemical stocks remained in focus throughout the week. Shifting our focus to the broader economic picture, India's PMI (Purchasing Managers' Index) data for August 2023 reached a 3-month high, led by strong demand and production. Among the major indices, only Nifty IT and Nifty Pharma ended August 2023 on a positive note.

Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.

Stocks

Big Companies Bigger Profits – Top 10 Indian Companies by Net Profit!

Big Companies Bigger Profits – Top 10 Indian Companies by Net Profit!
WhatsApp fb twitter linkedin close

Tata Group Stocks: Year-to-Date Performance!

Tata Group Stocks: Year-to-Date Performance!
WhatsApp fb twitter linkedin close

These stocks have doubled the investors’ wealth in the past 3 months.

These stocks have doubled the investors’ wealth in the past 3 months.
WhatsApp fb twitter linkedin close

Hot Stocks Alert: These 17 Momentum Movers Are on Fire!

Hot Stocks Alert: These 17 Momentum Movers Are on Fire!
WhatsApp fb twitter linkedin close

Infosys Bucks the Trend: Lone Big IT Player to Show Negative YTD Returns!

Infosys Bucks the Trend: Lone Big IT Player to Show Negative YTD Returns!
WhatsApp fb twitter linkedin close

The table shows Nifty50 stocks that are within touching distance from their 52-week Lows.

The table shows Nifty50 stocks that are within touching distance from their 52-week Lows.
WhatsApp fb twitter linkedin close

How did Bajaj Auto fare in August 2023?

How did Bajaj Auto fare in August 2023?
WhatsApp fb twitter linkedin close

The below data depicts the YoY performance of specialty chemical companies.

The below data depicts the YoY performance of specialty chemical companies.
WhatsApp fb twitter linkedin close

Here’s the summary of FMCG giants' operating profits comparison on a quarterly basis

Here’s the summary of FMCG giants' operating profits comparison on a quarterly basis
WhatsApp fb twitter linkedin close

Micro Finance and Large HFCs see margin improvement over Auto NBFCs and Affordable HFCs in Q1FY24!

Micro Finance and Large HFCs see margin improvement over Auto NBFCs and Affordable HFCs in Q1FY24!
WhatsApp fb twitter linkedin close

Despite a turbulent FY2023 – Life Insurers managed the storm well!

Despite a turbulent FY2023 – Life Insurers managed the storm well!
WhatsApp fb twitter linkedin close

These companies have given a 100% YoY sales growth for 2 consecutive years.

These companies have given a 100% YoY sales growth for 2 consecutive years.
WhatsApp fb twitter linkedin close

Here’s the financial performance of leading EMS companies in Q1FY24.

Here’s the financial performance of leading EMS companies in Q1FY24.
WhatsApp fb twitter linkedin close

Here are the companies whose Q1FY24 EPS > FY 23 EPS.

Here are the companies whose Q1FY24 EPS > FY 23 EPS.
WhatsApp fb twitter linkedin close

Indices

August Market Recap: How Did Major Indices Perform?

August Market Recap: How Did Major Indices Perform?
WhatsApp fb twitter linkedin close

The Nifty Midcap 100 Index has been making record highs. The chart below shows the top 5 gainers and losers of the Nifty Midcap 100 Index in the last 1 year.

The Nifty Midcap 100 Index has been making record highs. The chart below shows the top 5 gainers and losers of the Nifty Midcap 100 Index in the last 1 year.
WhatsApp fb twitter linkedin close

Economy

Nifty50’s September futures have been trading at their highest premium in the last 1 year.

Nifty50’s September futures have been trading at their highest premium in the last 1 year.
WhatsApp fb twitter linkedin close

India’s Manufacturing PMI which has now been above 50 for 26th consecutive months hit a 3-Month high in August’23.

India’s Manufacturing PMI which has now been above 50 for 26th consecutive months hit a 3-Month high in August’23.
WhatsApp fb twitter linkedin close

The below chart depicts the net fund flows across various cap sizes.

The below chart depicts the net fund flows across various cap sizes.
WhatsApp fb twitter linkedin close

The accompanying chart indicates the monthly finished steel imports & exports on a YTD basis

The accompanying chart indicates the monthly finished steel imports & exports on a YTD basis
WhatsApp fb twitter linkedin close

Opportunities

PERSISTENT gave a triple top breakout from the 5100-5300 zones on the daily chart. Short covering at 5300 Strike drove further rally.

PERSISTENT gave a triple top breakout from the 5100-5300 zones on the daily chart. Short covering at 5300 Strike drove further rally.
WhatsApp fb twitter linkedin close

HINDCOPPER broke its major resistance of 160 levels on the daily chart with spike in volumes and Long Buildup in Future Open Interest (OI) data.

THINDCOPPER broke its major resistance of 160 levels on the daily chart with spike in volumes and Long Buildup in Future Open Interest (OI) data.
WhatsApp fb twitter linkedin close

TVSMOTOR gave an ascending triangle breakout on the daily chart. The price gave a follow up move post breakout and looks poised for a fresh rally.

The below chart depicts the net fund flows across various cap sizes.
WhatsApp fb twitter linkedin close

Food for thought

Image Source: @StatistaCharts (Twitter)

StatistaCharts