Market Recap: Weekly Update
(May 11, 2024)
YTD refers the Returns from January 1, 2024 till May 10, 2024
Weekly Change | YTD | |
Nifty | -2.32 % | INR 1.49 % |
Sensex | -1.84% | INR 0.59 % |
Bank Nifty | -3.59% | INR -1.8 % |
NASDAQ 100 | 1.17% | 9.78 % |
S&P 500 | 1.56% | 10.12 % |
Index Valuation and Earning
Index | P/E Ratio | EPS |
Nifty 50 | 21.3 | 1034 |
Nifty Bank | 14.6 | 3252.5 |
Nifty Financial Services | 15.9 | 1325 |
Nifty IT | 27.7 | 1191.1 |
Nifty Auto | 26.2 | 871 |
Nifty FMCG | 44.8 | 1233.9 |
Nifty Healthcare | 39.9 | 294.2 |
Nifty Pharma | 35.4 | 526.3 |
Nifty Consumer Durables | 73.7 | 450.5 |
Exchange Rates, Brent Crude & Gold
Closing Price | Weekly Change | |
USD/INR | 83.55 | 0.08 % |
EUR/INR | 90.13 | 0.29 % |
EUR/USD | 1.08 | 0.02 % |
Brent Crude | 82.73 | -0.56 % |
Gold (USD/OZ) | 2,360.53 | 2.54 % |
Gold (INR/10G) 24 caret | 74,850 Delhi | 1.21 % |
FII and DII Weekly Trading Data
FII
Gross Purchases | 61,265.89 |
Gross Sales | 82,884.94 |
Net Purchases / Sales | -21,619.05 |
DII
Gross Purchases | 69,356.32 |
Gross Sales | 51,989.28 |
Net Purchases / Sales | 17,367.04 |
Key Market Updates
- Nifty 50 top gainers: Hero MotoCorp Ltd. (7.1%), Britannia Industries (6.8%), HUL (6.6%), Kotak Mahindra Bank (5.3%), Tata Motors Ltd. (3.3%).
- Nifty Small cap 250 Index majorly fell by (4.36)% while Nifty Midcap 150 Index registered a loss of (2.56)%.
- Tata Power FY24 results: Company reports highest ever PAT of ₹ 4,280 crore and Revenue of ₹61,542 crore for FY24.Consolidated EBITDA for FY24 grows 26 % to an all-time high of ₹ 12,701 crore.
- Tata Motors FY24: TML reported record revenues of ₹ 437.9K Cr, an all-time high EBITDA at ₹ 62.8K Cr, and net profit of ₹31.8K Cr (up ₹29.1K Cr from the previous year).
- SBI’s net profit for FY24 stands at ₹61,077 crore witnessing a growth of 21.59% YoY Net Interest Income (NII) for FY24 increased by 10.38% YoY. Operating Profit for FY24 grew by 12.05% YoY to ₹93,797 crore.
- Asian Paints’ revenue for FY24 was ₹35,494.73 crore which is a 2.91% increase from FY23. Their net profit for FY24 was ₹5,557.69 crore, an increase of 32.96% compared to FY23.
Startup, M&A Deals
- Packaged food startup Go DESi raised Rs 41 crore ($5 million) from Aavishkaar Capital, Rukam Capital, Roots Ventures, and DSG Consumer.
- Infinity Fincorp raised an additional $8 million from Archerman Capital in an extension to its recent $26 million funding round led by Jungle Ventures.
- Fintech startup BRISKPE has raised $5 million from PayU.
- Online pharmacy startup PharmEasy raised $216 million from Manipal Education and Medical Group (MEMG) and other existing investors.
- EV startup Charge Zone raised $19 million from a UK development finance institution and impact investor, British International Investment.
Checkout the last week’s Market trends here: Market Recap (May 4, 2024)
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