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.
Big Companies Bigger Profits – Top 10 Indian Companies by Net Profit!
Tata Group Stocks: Year-to-Date Performance!
These stocks have doubled the investors’ wealth in the past 3 months.
Hot Stocks Alert: These 17 Momentum Movers Are on Fire!
Infosys Bucks the Trend: Lone Big IT Player to Show Negative YTD Returns!
The table shows Nifty50 stocks that are within touching distance from their 52-week Lows.
How did Bajaj Auto fare in August 2023?
The below data depicts the YoY performance of specialty chemical companies.
Here’s the summary of FMCG giants' operating profits comparison on a quarterly basis
Micro Finance and Large HFCs see margin improvement over Auto NBFCs and Affordable HFCs in Q1FY24!
Despite a turbulent FY2023 – Life Insurers managed the storm well!
These companies have given a 100% YoY sales growth for 2 consecutive years.
Here’s the financial performance of leading EMS companies in Q1FY24.
Here are the companies whose Q1FY24 EPS > FY 23 EPS.
August Market Recap: How Did Major Indices Perform?
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.
Nifty50’s September futures have been trading at their highest premium in the last 1 year.
India’s Manufacturing PMI which has now been above 50 for 26th consecutive months hit a 3-Month high in August’23.
The below chart depicts the net fund flows across various cap sizes.
The accompanying chart indicates the monthly finished steel imports & exports on a YTD basis
PERSISTENT gave a triple top breakout from the 5100-5300 zones on the daily chart. Short covering at 5300 Strike drove further rally.
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.
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.
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