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Market Overview (10-05-2024)

Sebencapital

Published
10/05/24

Disclaimer

The stock market is subject to significant volatility and inherent risks. Investing in stocks involves potential losses and is not guaranteed to generate profits. Prices of stocks can fluctuate unpredictably, We do not give any buy/sell tips. This article is for Educational purposes only.


Indian Indices

I) Nifty: open 21990 and touched the high of 22131 then the low of 21950 and closed at 22055 with 97 points IN Positive

II) Bank Nifty: open 47555 and touched a high of 47868 then a low of 47313 and closed at 47421 With a Total of 66 points in loss

III) Fin Nifty: open 21120 and touched a high of 21270 then a low of 21017 and closed at 21094 With a total of 1 point in positive

IV) Nifty Mid Select: open 10787 and touched a high of 10888 then a low of 10691 and closed at 10877 With a total of 124 points in Positive

NSE Advance and decline

Nifty Top 500 Gainer

Gainer

I) Jupiter Wagons zooms 12% to new high on robust Q4 results; Systematix sees further upside

II) Hindustan Zinc stock soars 11% to new high as board approves 500% interim dividend

III) Vijaya Diagnostic's strong Q4 results lift shares to record high, brokerages bullish

read more at

https://www.moneycontrol.com/stocks/marketstats/nse-gainer/nifty-500_7

Loser

I) Intellect Design Arena's shares fell 15.5% in intraday trading after weak Q4FY24 earnings, with net profit declining 6.6% YoY. Revenue dropped 1.4% due to the termination of the GeM contract.

read more

https://economictimes.indiatimes.com/markets/stocks/earnings/sterlite-tech-q4-results-co-posts-rs-82-crore-loss-vs-profit-of-rs-63-crore-a-year-ago/articleshow/109947305.cms?from=mdr

Sectoral Performance

I) Despite making up about 39% of the global labor force, women account for just 16% of the energy sector workforce, according to the International Energy Agency.

II) In India, growth in infrastructure and manufacturing sectors is boosting demand. Moreover, the shift towards electric vehicles (EVs) is increasing the demand for both ferrous and non-ferrous metals.

Read more at:
https://economictimes.indiatimes.com/markets/stocks/news/why-are-metal-stocks-rallying-explained/articleshow/109834477.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

I)

Outperforming stocks vs nifty 500

Underperforming Stock vs Nifty 500

Stock With Rising Volume

Headlines

Cipla shares fall 3% as pharma firm posts Q4 results below expectations

CAMS shares surge 6% on positive Q4 show, Nuvama sees 19% upside


Written by devesh gupta

I am Devesh Gupta, a Junior Analyst at Seben Capital, where I specialize in finance with a focus on market research and data analysis. I support investment decisions by translating complex financial data into actionable insights. My role at Seben Capital allows me to contribute significantly to our investment strategies, leveraging my analytical skills to drive success.

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