Last week, the financial markets were busy with ongoing quarterly results, and Fitch's decision to downgrade the USA's rating, added to the uncertainty. The Nifty 50 ends the week on a losing note as it sheds 0.70%. Banks, realty, and auto stocks were under pressure, while IT stocks made an impressive comeback. Despite the volatility, the broader markets fared better compared to the Nifty 50, indicating some sectors' resilience.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
Auto Sales in July-23: Mixed Bag!
India's Top Automaker Sees Profits Soar Over 100%!
How have Leading Banks Fared in This Closely Tracked Metric?
The following chart shows the weak performance of KEI Industries during Q1FY24.
Aptus Value Housing Finance Reports a Decent Q1 Show!
The chart indicates the business performance of Dabur India Ltd during the quarter ended June 2023.
The Rise & Rise of Castrol India!
The chart shows how PVR Inox Ltd performed during Q1FY24.
Cummins India reported its Q1FY24 results and the company failed to impress the investors as the share prices plunged post results.
The following chart indicates a muted performance delivered by Titan Company in Q1FY24.
Ambuja Cements reported a weak Q1 witnessing a drop in its profit.
DCB Bank Starts FY24 On a Mediocre Note; Q1 Results Out!
Five Star Business Finance Shines Bright In Q1FY24 Results!
The below chart displays the Q1FY24 results of Adani Green Energy.
Apar Industries reported a mixed bag of Q1FY24 numbers, rising YoY but a fall in QoQ numbers.
The chart below covers the results of KEC International.
United Breweries Ltd declared its results for Q1FY24, here’s how the quarter went:
UPL results update for Q1FY24, here’s the company’s performance
The chart indicates that Bharti Airtel displayed a good operating performance during Q1FY24.
Kaynes Technology reports Q1FY24; PAT sees a big fall.
Did you Check-in on Chalet Hotels Superb Result?
Sonata Software reports Q1FY24 results; here’s how it went.
The below chart shows how major indices performed during July 2023.
The below chart shows the best and worst-performing Nifty 50 stocks in July 2023.
After remaining net sellers in January and February 2023, Foreign Institutional Investors (FIIs) inflows continued their sustained investments in July’23 investing more than 1 lakh crore in the year 2023.
India’s Manufacturing PMI which has now been above 50 for 25 consecutive months fell marginally in July’23. However, the output expansion was substantial, albeit the softest in three months.
India’s Services PMI which has now been above 50 for 24 consecutive months rose in July’23.
MARICO gave a breakout and retest from the 560 resistance levels on the daily chart. Future Open Interest (OI) indicated buildup of fresh long positions on 3rd August.
BERGEPAINT has given a breakout from the 690 resistance levels. A strong close above 700 with short covering support can lead to a fresh rally in the stock.
HINDCOPPER gave a breakout from the 130 levels on the daily chart with Long Buildup support. The stock is in momentum and likely to move higher.
Source: (Visual Capitalist)