The previous weeks witnessed indices soaring to record highs. However, this week kicked off with a bearish bang, triggering a Monday meltdown as tensions between Iran and Israel created panic across world markets.
The IT sector witnessed heightened volatility and selling pressure, with Infosys' downward revision of FY25 revenue guidance and disappointing Q4FY24 results. Amidst this volatility, the prices of gold and silver continued to surge during the week thereby hedging the portfolios to some extent.
Nifty SmallCap 100 and Nifty Midcap 100 indices remained under pressure as they ended the week on a negative note, breaking a 4-week winning streak.
Nifty 50 ended the week 1.65% lower at 22,147. Notably, all the major indices concluded the week on a negative note with Nifty IT and Nifty PSU Bank leading the fall.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
Infosys Reports a Weak Q4FY24 Show!
Just Dial has reported the highest-ever quarterly and annual revenues and PAT in Q4FY24 and FY24 respectively.
A quick look at Bajaj Auto's promising performance in Q4 and FY24.
Brigade Enterprises Ltd. reported impressive performance and growth across all business segments for the year ended March 31, 2024.
Prestige Group achieved record-breaking milestones in FY24, delivering its highest-ever annual sales, highest-ever annual collections, highest-ever area sold, highest-ever annual launches.
Eimco Elecon reported an excellent set of Q4FY24 results.
Adani Green's Hybrid Energy sales, with an annual growth of 194% in FY24, stole the show among other segments.
Here’s the quarterly performance of ICICI Securities Ltd for the quarter ending March 31, 2024.
Anand Rathi Wealth Ltd impressed the investors in its Q4FY24 results.
Angle One reflected the highest revenue & PAT ever in Q4FY24 results.
Daily fluctuations in the Sensex experienced so far in 2024 suggest higher market volatility compared to last year.
Nifty has clocked a five-day losing streak 14 times in the last 5 years with a 5-day % fall of bigger than -3%. However, it has bounced back with gains in 10 out of these 14 instances.
The Nifty IT index showed weakness and crossed below its 200-day SMA.
Presented below top six sector/thematic and strategy indices for the week ended 19th April 24.
Gold made 6 times new all-time highs in the first 10 trading days of FY2024-25.
The below chart presents the moment of the Gold and Dollar Index contradicting their usual custom.
The aviation sector has seen modest but stable growth during the first quarter of 2024. Additionally, there have been no major upheavals in the market share of the top domestic airlines during March 24.
Here’s the IIP data for Feb-24 recording a growth of 5.7% YoY.
Here are the top 10 commodities India exported & imported in the last month of FY24.
Foreign Institutional Investors (FIIs) net invested more than Rs.5,000 crores in India in the first half of the new fiscal year 2024. In the last fortnight of Financial Year 2023-24, FIIs had pulled out Rs.5,612 crores.
Nifty Pharma weakens; moves below 50 SMA.
Image Source: @indiainpixels (Twitter)
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