Q2FY24: More Winners Than Losers In A Sparkling Scenario

Winners & Losers of Q2FY24

One of the most highly anticipated periods of the year is the time when companies declare their Quarterly Results. We are in the midst of September-ending quarterly results that hold significant importance for investors as they come just before the ‘festival of lights’ season and the start of a fresh year. Before delving into the details of the Q2FY24 for most of the companies’ results, let’s take a brief overview of the current market scenario 

Amidst the recent fluctuations in global markets, it’s intriguing to see how various factors are shaping the financial landscape. The focus has shifted from external influences to internal catalysts that promise to come under the spotlight in the coming days. The earnings’ season is upon us, a crucial time when companies reveal their financial performance, and the Reserve Bank of India (RBI) is preparing for pivotal decisions. Additionally, India’s triumph at the Asian Games and the anticipation of the cricket extravaganza add an extra layer of excitement. 

Recently, due to the US Treasury yields and crude oil prices, there’s been a noteworthy correction that has breathed life into the equity market. Importantly, the banking and financial sector is delivering positive news with strong credit growth and improving asset quality. Geopolitically, an escalation of violence in the Israel-occupied Gaza Strip has cast a shadow over the region. However, the financial markets have displayed resilience, bouncing back from their earlier losses. For astute investors, Mid-Cap and Small-Cap stocks often shine during times of turmoil.