Q3FY24 Performance Review

Unveiling the Trends, Triggers and Union Budget Impact

Domestic indices have recently surged to all-time high levels, thanks to investor optimism, with robust Quarterly Results playing a significant role. As we navigate through the December-ending quarter results, Mandar Wagh analyses company performances sector-wise to offer deeper insights into the future outlooks of various sectors, considering growth triggers, risk factors and the potential effects of recent budget announcements 

The financial year 2023-24 till date has proven to be exceptional for the markets, marked by a robust rally in indices that propelled them to reach all-time high levels. During Q1FY24, the benchmark indices, BSE Sensex and Nifty 50, experienced around 10 per cent gain, reaching record all-time highs. This surge was fuelled by strong quarter results, effective management of the El Nino event, positive developments such as the increase in industrial output, a pause in interest rate hikes, and substantial FII inflows attributed to India’s robust economic outlook among developing countries, among other factors.