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Market Recap 28-05-2024


Market recap | seben capital

Indian Indices

I) Nifty: open 22977 and touched a high of 22998 then a low of 22858 and closed at 22888 with 44 points in Negative

II) Bank Nifty: open 49390 and touched a high of 49511 then a low of 49043 and closed at 49142 With a total of 139 points Negative

III) Fin Nifty: open 2011 and touched a high of 22056 then a low of 21917 and closed at 21982 With a total of 16 points in Positive

IV) Nifty Mid Select: open 11717 and touched a high of 11740 then a low of 11582 and closed at 11538 With a total of 90 points in Negative

NSE Advance and decline

Nifty 500 Top Gainer

3M India reported a 27% rise in quarterly profit on Tuesday aided by strong demand in its healthcare equipment, as well as transportation and electronics segments.

ZFCVINDIA Standalone March 2024 Net Sales at Rs 955.52 crore, down 2.23% Y-o-Y

Prism Johnson ., a midcap cement company, saw a 6.4% increase in its stock price on May 28, 2024. This rise was in line with the overall performance of the cement industry, which saw a 5.03% increase on the same day. The stock touched an intraday high of Rs 159, marking a 7.03% increase from its previous closing price

Nifty 500 TOP LOSER

Inox Wind nosedives 10% after promoter offloads 5% stake via block deal

 Bharat Dynamics was trading 7% lower from its previous close on the NSE. In the last 10 days, the stock had surged nearly 70%, and 150% in the last six months.

IOB share price: On the earnings front, the Chennai-based bank said it had reported a highest-ever net profit of Rs 808 crore for the fourth quarter and Rs 2,656 crore for the fiscal year ending March 31, 2024 (FY24).

Sectoral Performance

Outperforming stocks vs nifty 500 over 1 week

Underperforming Stock vs Nifty 500 over 1 week

Stock With Rising Volume


TVS Supply Chain Solutions Ltd reported a profit after tax of Rs 5.38 crore for the quarter of January-March 2024, with total income growing to Rs 2,433.06 crore from Rs 2,332.53 crore in the same quarter last year, but facing a consolidated net loss of Rs 90.49 crore for the year ending March 31, 2024.

MphasiS Ltd. traded at Rs 2410.15 on BSE at 01:53PM (IST) on Tuesday, down 1.4 per cent. The stock quoted a 52-week low price of Rs 1807.0 and a high of Rs 2835.0.

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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