Market Recap – Weekly Update (May 18, 2024)

Market Recap: Weekly Update

(May 18, 2024)

YTD refers the Returns from January 1, 2024 till May 17, 2024

Weekly Change

YTD

Nifty
22,501.40

2.5 %

INR 3.54 %

USD 3.3 %

Sensex
74,061.58

2.89%

INR 2.52 %

USD 2.28 %

Bank Nifty
48,149.10

1.89%

INR -0.30%

USD -0.54 %

NASDAQ 100
18,546.23

1.74%

12.1 %

S&P 500
5,303.27

1.34%

11.82 %

Index Valuation and Earning

Index

P/E Ratio

EPS

Nifty 50

21.5

1047.1

Nifty Bank

14.7

3286.6

Nifty Financial Services

16.1

1338.3

Nifty IT

28

1194.2

Nifty Auto

22.8

1024.2

Nifty FMCG

44.5

1240.8

Nifty Healthcare

40.2

301.4

Nifty Pharma

35.5

539.8

Nifty Consumer Durables

77.2

457.2

Exchange Rates, Brent Crude & Gold

Closing Price

Weekly Change

USD/INR

83.3

-0.2%

EUR/INR

90.76

0.7%

EUR/USD

1.09

0.9%

Brent Crude

84

3.33%

Gold (USD/OZ)

2415.02

2.31%

Gold (INR/10G)

24 caret

75,465

Delhi

1.64%

FII and DII Weekly Trading Data

FII

Gross Purchases

64,134.08

Gross Sales

74,691.05

Net Purchases / Sales

-10,556.97

DII

Gross Purchases

63,590.54

Gross Sales

49,027.49

Net Purchases / Sales

14,563.05

 

Key Market Updates
  • Nifty 50 top gainers: Mahindra & Mahindra (14.17%), Adani Enterprises (9.38%), L&T (5.89%), Adani Ports & Sez (5.80%), Hindalco Industries (5.55%).
  • Nifty Small cap 250 Index & Nifty Midcap 150 Index had outperformed Nifty 50 Index by registering a gain of 4.55% & 4.48% respectively.
  • JSW Steel reported a significant decline in net profit for Q4 2024, down 64.66% year-on-year to Rs 1,322 crore, while revenues remained nearly unchanged at Rs 46,269 crore.
  • Godrej’s revenue from operations dropped by 5.87% year-on-year to Rs 4,567.27 crore in Q4 2024. Profit before tax declined by 82% to Rs 122.34 crore from Rs 678.72 crore in the same quarter last year.
  • M&M Q4: The topline increased by 9.29% & the profit increased by 4.45% YoY.
  • HAL Q4 net profit rises 52% to Rs 4,308 crore.The company’s revenue from operations jumped 18 percent to Rs 14,768.7 crore for the quarter ended March 2024
Startup, M&A Deals
  • EV charging infrastructure startup Relux Electric raised $30 million from a group of private real estate and infrastructure investors.
  • RED.HEALTH raised $20 million from Jungle Ventures, HealthQuad, HealthX, and Alteria Capital.
  • Fintech Propelld raised over $25 million in debt from Credit Saison India, AU Small Finance Bank, InCred Financial Services, and Northern Arc Capital.
  • Robotics startup Niqo Robotics raised $13 million from Bidra Innovation Ventures, Fulcrum Global Capital, and existing investor Omnivore.
  • Celcius Logistics raised $4.7 million from IvyCap Ventures, ⁠Mumbai Angels, and Caret Capital.
  • Drone startup Dhaksha Unmanned Systems raised $18 million from Coromandel International.

Checkout the last week’s Market trends here: Market Recap (May 11, 2024)

Subscribe to our newsletter and follow us on InstagramFacebook, and LinkedIn to get the weekly update.

Cover Image Source: Freepik

Open a Demat account with

– No. 1 Broker in India
– For Indian Stocks & MFs
– For Residents & NRIs
– Flat Brokerage per Order
– Best User Experience

OPEN ACCOUNT

Start investing in

– Start-Ups with Revenue
– Early & Growth Stages
– All Sectors
– Seed Stage to Series B
– Moderate to High Risk
– 3X to 10X Potential

REGISTER NOW
Privacy Settings
We use cookies to enhance your experience while using our website. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. We also use content and scripts from third parties that may use tracking technologies. You can selectively provide your consent below to allow such third party embeds. For complete information about the cookies we use, data we collect and how we process them, please check our Privacy Policy
Youtube
Consent to display content from - Youtube
Vimeo
Consent to display content from - Vimeo
Google Maps
Consent to display content from - Google
Spotify
Consent to display content from - Spotify
Sound Cloud
Consent to display content from - Sound
Cart Overview

Startup Investing

Zerodha Account

Request a Report

We will do our best to share it within 2 working days:

For e.g. 15th March '20 to 18th March '20