Election Countdown: Volatility Takes Center Stage in Markets

Indian stock market experienced significant volatility in the last week of May. The India VIX recorded its second-highest monthly jump, surging for the fifth consecutive week, indicating growing investor anxiety and a sense of uncertainty looming over the market ahead of the Lok Sabha election results.

Despite this, the Bank Nifty showed signs of recovery towards the end of the week. In contrast, the Nifty Smallcap 100 and Nifty Midcap 100 indices remained under pressure throughout the week, reflecting broader market concerns.

Nifty 50 ended the week 1.86% lower at 22,531. Notably, all the major indices concluded the week on a flat or a negative note. Nifty IT and Nifty FMCG declined by 4.25% and 2.42% respectively during the week.

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

Stocks

Summary of how Life Insurance company fared in Q4FY24.

Here's how General Insurance Company performed in Q4FY24.

The above chart displays the weak performance displayed by Borosil Renewables Limited during Q4FY24.

The share price of Campus Activewear surged by over 16% on Wednesday after reporting strong Q4FY24 results.

The share price of Paras Defence and Space Technologies surged by over 6% on Monday post Q4FY24 results.

The below chart shows Divi's Lab Steller performance in Q4FY24.

The below chart represents Aadhar Housing Finance Ltd company's performance which got listed on 15th May.

The below chart represents FY24 report card of the Muthoot Finance.

Cochin Shipyard reported a strong set of Q4FY24 numbers.

The chart below displays the Q4FY24 results of Vishnu Prakash R Punglia Limited.

The shares of MTAR Technologies tanked as the company reported poor Q4FY24 numbers.

Heritage Foods posted superb Q4FY24 results.

Although reporting a 61% YoY net profit increase in Q4, Amara Raja missed the street profit estimates:

Here's how Alkem Laboratories made money in the quarter ending 31st Mar-2024:

The accompanying chart presents the results of Glenmark Pharma for Q4FY24.

Summary of Linde India's Q4FY24 performance.

Bharat Rasayan Ltd's share price to jump over 15% due to robust Q4 FY24 earnings:

Tata Steel Ltd reported losses in FY24 due to large provisions made for restructuring and impairment:

NMDC Ltd's top line improved for Q4 and FY24, but the bottom line fell due to a decline in net profit margin:

An increase in operating profit margin led to a 98% YoY net profit surge in FY24 for Ashok Leyland Ltd:

Here's how the quarter went for Natco Pharma in Q4FY24.

Indices

India VIX rises for fifth consecutive week...

The table below shows the premium of futures over their spot prices for new monthly expiry. Nifty's June futures are trading at a significant premium.