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This categorizes the market related news and analysis
As the Full Budget day approaches, the market is euphoric with indices hitting new all-time highs. Nifty 50 closed at 24,502 and BSE Sensex at 80,519 points. In the currently weekly market roundup, top gainers included Modipon, SPA Capital, Skyline Ventures, RSD Finance, and Mahaan Foods. Shipping stocks saw a positive trend, and IT software companies gained favor after TCS's Q1FY25 results.
Weekly market roundup for week ending 5th July 2024. The week was quite good for the investors in the market. The performance was broad-based. Engineering and Electrical Equipment stocks had a very good week. Most of the IT stocks were in green. Markets look skeptical on the Adani stocks.
In June 2024, most stocks across sectors surged, with Reliance and HDFC Bank posting significant gains. IT stocks like Infosys, HCL Tech, and Zomato showed robust momentum, while Engineering stocks like Siemens also performed well. However, Adani stocks saw negative returns. The market is now watching for the impact of the upcoming full budget presentation.
All four indices showed strong returns over the past year, with Nifty 50 at 25.26% and the others even higher. Despite a slump on June 4th, they rebounded by week's end. An analysis on returns given by indices in the last one year.
Metro Brands leads in market capitalization at ₹33,000 crore, followed by Relaxo Footwears and Bata. Most shoe companies have high PE ratios, but Metro Brands excels in ROE.
In June 2024, stock returns have significantly improved, with top performers spanning various sectors, including auto, cement, and healthcare.