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  • Anuradha Mishra

Weekly Market wrap - Bank Shine, ITC & Automobile !

NIFTY closed at 18826.00 on Friday & Sensex closed at 63384. The Nifty 50 index is on the verge of reaching a remarkable milestone of 19000. With just 63 points standing between it and an all-time high level, NIFTY is marching with full confidence. This demonstrates the strength and resilience of the Bull Market, as well as the potential for significant upward movement. Investors and market participants are closely monitoring this development, as it signifies the growing optimism and potential for further gains in the market. Although the week started with a slow start but shown good recovery by the week end. It seems a bullish week ahead !!

Notably, the Financial , Oil and Gas sectors are spearheading the upward movement of the headline indices, driving significant gains. Conversely, information technology (IT) stocks are facing downward pressure and trading under strain. Investors should closely monitor these trends and consider sector-specific opportunities for potential investment decisions


Biggest Gainer of the week in Nifty 50 category are : Bajaj Finserv (+2.37%) , Titan Company (+1.59%) , DRL (+2.32%) , HDFC Life (+5.43%) and Britannia (+1.39%)


Among Mutual Funds the trending category were Pharma Funds, Midcap funds and Consumption theme. After many weeks, Infrastructure funds lost its top rank and slipped to the last in chart. There were good sign of recovery in International theme also in this week. Gold and Silver funds were nowhere in the trending funds list. Please refer the table given below for the weekly performance of various categories ( sorted on 1 Week basis) :


Disclaimer

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.




Key news of the week -


  • in June 2023, there are several small-cap stocks that have shown exceptional performance, with gains of over 400% in the past 12 months. Among these notable stocks are Thyrocare Technologies ., TG Therapeutics Inc., and VST Industries. Prometheus Biosciences Inc. has experienced an impressive surge, exceeding 400% growth within the last year. As a company operating in the biosciences sector, it has likely benefitted from advancements in the field, leading to increased investor interest. Similarly.

  • TG Therapeutics Inc. focused on therapeutics, has also witnessed remarkable growth, surpassing 400% gains in the past 12 months. The company may have capitalized on developments in innovative treatments or significant discoveries, attracting substantial attention from investors.

  • Aero Therapeutics Inc., specializing in the aerospace industry, has also demonstrated significant growth, with gains exceeding 400% over the past year. The company's success may be attributed to emerging industry trends, technological advancements, or successful product launches.

NIFTY and Sensex both are having positive trends this week 📈 Mid and small-cap stocks are on a robust bullish streak. Both the BSE Midcap and Smallcap indices have outperformed Nifty & SENSEX. This trend can be attributed to the domestic nature of the market, as investors increasingly recognize the potential for growth and returns in companies under these segments. The agility and growth prospects of mid and small-cap companies make them attractive to investors seeking higher returns and value creation. As the market continues to flourish, it's essential for investors to evaluate the potential of mid and small-cap stocks and consider incorporating them into their investment strategies.


Upcoming NFO's (New Fund Offers)-


"Upcoming Mutual Fund NFOs: Key Points to Consider for Your Investment Decisions"

NAME OF NFO

OPENING DATES

CLOSING DATES

SCHEME TYPE

OBJECTIVE

MINIMUM INVESTVEST AMOUNT

Opening date-5 June '23

Closing Date-19June'23

Open Ended

To provide the investors an opportunity to invest

5000

360 One Flexi Fund-Regular Plan - Growth

Opening date-12 June '23

Closing Date-26 June'23

Open Ended

seeks to generate long term returns from remaining portion debt and money market instruments.

10000


IPO'S THIS WEEK-


Company's Objective-HMA GROUP is one of the biggest food trade organizations for handled food and agro products including frozen fresh deglanded buffalo meat, prepared/frozen natural products, vegetables, and cereals in India, and has experience 63 years altogether.

Opening Date -Tuesday, 20 June 2023

Closing Date - Friday, 23 June 2023

Lot Size - 50

Price - rs 555-585

Listing Date -Friday- 16 June 2023

To navigate through these uncertain times successfully, investors must maintain a diligent approach. By staying informed, conducting thorough research, and keeping a pulse on global developments, investors can position themselves to make informed investment decisions and mitigate potential risks.


Please feel free to call us at 9307218766 or 0522-4101666/67 for instant investment support or Online link in any of these NFO's.


Quote of the week


"Investment is not merely a transaction, but an act of nurturing future possibilities. It is the art of planting seeds today with the belief that they will grow into prosperous trees tomorrow.."



Stay tuned for further updates and analysis on the NIFTY index and other market trends. , Happy investing💰!


Address : Infinity Finserv (P) Ltd, 212 Saran Chambers 2, Park Road, Hazratganj , Lucknow -226001

Phone : 9307218766 or 0522-4101666/67

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Disclaimer : While all efforts have been taken to make this blog and its data as authentic as possible, please refer to the original source of the data, like NSE/ BSE etc. We will not be responsible for any loss to any person/entity caused by any short-coming, defect or inaccuracy inadvertently or otherwise crept in this Blog.


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