?? Weekly Stock Market Digest ??

Hello everyone! ??

Welcome to our weekly digest where we bring you the latest happenings from the world of stocks and shares. Let’s dive right in!

?? IPO News

This week, we saw Bharti Hexacom making its grand entry into the market. The company had its IPO listed this week. The IPO bidding started from April 3, 2024, and ended on April 5, 2024. The shares got listed on BSE, NSE on April 12, 2024. The IPO price band was set at ?542 to ?570 per share. It’s always exciting to see new players in the market, isn’t it?

?? Market Indices

Let’s take a look at how the market indices performed this week:

• Nifty: Opened at 22578 and closed at 22519, marking a decrease of 59 points.
• Bank Nifty: Opened at 48586 and closed at 48564, down by 22 points.
• Sensex: Opened at 74555 and closed at 74244, down by 311 points.

?? Stock Highlights

Here are some of the stocks that made headlines this week:

• TCS: The Q4 results for 2024 beat market estimates. The net profit was Rs 12,434 crore in Q4, marking a 9% rise from last year. The question arises, is this a share to buy on Monday, April 15?
• Ramco Systems: The shares jumped another 13.5% to hit a 2-year high, up 44% in April so far.
• Zomato: The share price extended gains for the sixth straight session to a record high. JM Financial has raised the target price.
• Bondada Engineering: The share price soared 1423.2% in nearly 8 months.

?? F&O Ban List

National Aluminium, SAIL, and ZEEL are among the 8 stocks under the F&O ban list today.

That’s all for this week. Stay tuned for more updates next week! Remember, investing is a marathon, not a sprint. So, stay patient and make informed decisions. Happy investing! ??