Market Recap – Weekly Update (May 18, 2024)

by Kevin Jose

May 19, 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)

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Economy & Market, Insights

Market Recap – Weekly Update (May 11, 2024)

by Kevin Jose

May 13, 2024

Market Recap: Weekly Update

(May 11, 2024)

YTD refers the Returns from January 1, 2024 till May 10, 2024

	Weekly Change	YTD
Nifty 22,055.20	-2.32 %	INR 1.49 % USD 0.9 %
Sensex 72,664.47	-1.84%	INR 0.59 % USD 0.05 %
Bank Nifty 47,421.10	-3.59%	INR -1.8 % USD -2.33 %
NASDAQ 100 18,161.18	1.17%	9.78 %
S&P 500 5,222.68	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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Economy & Market, Insights

Market Recap – Weekly Update (May 4, 2024)

by Kevin Jose

May 5, 2024

Market Recap: Weekly Update

(May 4, 2024)

YTD refers the Returns from January 1, 2024 till May 3, 2024

	Weekly Change	YTD
Nifty 22,475.85	-0.57 %	INR 3.43 % USD 3.1 %
Sensex 73,878.15	-0.65%	INR 2.27 % USD 1.92 %
Bank Nifty 48,923.55	0.63%	INR 2.27 % USD 1.92 %
NASDAQ 100 17,890.80	0.5%	8.14 %
S&P 500 5,127.79	0.27 %	8.12 %

Index Valuation and Earning

Index	P/E Ratio	EPS
Nifty 50	21.9	1027.7
Nifty Bank	15.1	3242.1
Nifty Financial Services	16.5	1319.5
Nifty IT	27.7	1186.3
Nifty Auto	26	866.6
Nifty FMCG	42.5	1276.4
Nifty Healthcare	41.5	290.1
Nifty Pharma	36.9	518.8
Nifty Consumer Durables	75.4	457.4

Exchange Rates, Brent Crude & Gold

	Closing Price	Weekly Change
USD/INR	83.38	-0.02 %
EUR/INR	89.82	0.4 %
EUR/USD	1.08	0.5 %
Brent Crude	80.32	-4.21 %
Gold (USD/OZ)	2,302.50	-3.7 %
Gold (INR/10G) 24 caret	73,420 Delhi	-1 %

FII and DII Weekly Trading Data

FII

Gross Purchases	68,842.59
Gross Sales	70,958.02
Net Purchases / Sales	-2,115.43

DII

Gross Purchases	55,173.71
Gross Sales	51,009.59
Net Purchases / Sales	4164.12

Key Market Updates

Nifty 50 top gainers: Mahindra & Mahindra (7.24%), Power Grid Corporation (6.36%), Grasim Industries (5.93%), Coal India (4.13%), SBI (3.76%).
The Nifty Midcap 150 Index registered a rise of 0.67% outperforming the large cap index, while Nifty Small cap 250 Index slightly fell by (0.11)%
Titan FY24 results: Revenue increasing by 26.06% from 40,575 crores to 51,084 crores, and net profit rose 6.77% from 3,274 crores to 3,496 crores.
Britannia FY24: Britannia reported a 3.5 per cent rise in consolidated revenue at Rs 16,546 crore with an operating profit growth of 10.1% in a tepid consumption scenario.
Utratech Cement FY24: The company’s consolidated net sales reached Rs 69,810 crore, marking a 12% year-on-year increase, while its profit after tax (PAT) surged to Rs 7,005 crores, reflecting a 38% growth.
IOCL FY24:The company’s revenue was at Rs 776,352 cr, representing a decrease of approximately 7.77% from FY23, while its profit amounted to Rs 43,161 cr, indicating a significant increase of approximately 268.41% compared to FY23.

Startup, M&A Deals

EV startup Charge Zone raised $19 million from a UK development finance institution and impact investor, British International Investment.
Infinity Fincorp raised an additional $8 million from Archerman Capital in an extension to its recent $26 million funding round led by Jungle Ventures.
Online pharmacy startup PharmEasy raised $216 million from Manipal Education and Medical Group (MEMG) and other existing investors.
Packaged food startup Go DESi raised Rs 41 crore ($5 million) from Aavishkaar Capital, Rukam Capital, Roots Ventures, and DSG Consumer.
Fintech startup BRISKPE has raised $5 million from PayU.

Checkout the last week’s Market trends here: Market Recap (Apr 27, 2024)

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Economy & Market, Insights

Market Recap – Weekly Update (April 27, 2024)

by Kevin Jose

April 28, 2024

Market Recap: Weekly Update

(April 27, 2024)

YTD refers the Returns from January 1, 2024 till April 26, 2024

	Weekly Change	YTD
Nifty 22,419.95	0.78 %	INR 3.17 % USD 2.8 %
Sensex 73,730.16	0.58%	INR 2.06 % USD 1.7 %
Bank Nifty 48,294.70	0.95%	INR 0.01 % USD -0.36 %
NASDAQ 100 17,718.30	3.25 %	7.1 %
S&P 500 4,967.23	2.26 %	7.53 %

Index Valuation and Earning

Index	P/E Ratio	EPS
Nifty 50	22	1019.1
Nifty Bank	15	3215.5
Nifty Financial Services	16.5	1298.1
Nifty IT	28.1	1199.4
Nifty Auto	25.9	855
Nifty FMCG	42.7	1272.9
Nifty Healthcare	41.3	290.5
Nifty Pharma	36.6	519.4
Nifty Consumer Durables	76.1	453.2

Exchange Rates, Brent Crude & Gold

	Closing Price	Weekly Change
USD/INR	83.40	0.02 %
EUR/INR	89.25	0.47 %
EUR/USD	1.069	-0.07 %
Brent Crude	89.63	3.2 %
Gold (USD/OZ)	2,390.6	-2.2 %
Gold (INR/10G) 24 caret	74,490 Delhi	1.11 %

FII and DII Weekly Trading Data

FII

Gross Purchases	71,652.00
Gross Sales	86,355.72
Net Purchases / Sales	-14,703.72

DII

Gross Purchases	70,358.22
Gross Sales	49,562.06
Net Purchases / Sales	20,796.16

Key Market Updates

Nifty 50 top gainers: Axis Bank (9.83%), Divi’s Lab (9.39%), Tech Mahindra (7.13%), SBI (6.78%), Hero MotoCorp (6.6%).
The Nifty Midcap 150 Index registered a rise of 3.71%, while Nifty Small cap 250 Index rose by 4.30%, during the week.
HCL Tech FY24 results: Revenue at ₹1,09,913 crore, growing 8.3%.
Net Income (NI) for the year came in at ₹15,702 crore, up 5.7%.
Bajaj Finance FY24: Revenue surged by 32.76% to ₹54,988.80Cr, while net profits soared by 25.58% to ₹14,451.17Cr for Bajaj Finance Ltd.
Reliance Industries FY24: Revenue surged by 3.07% to ₹9,17,508Cr, while net profits jumped by 4.38% to ₹69,621Cr.
HUL FY24: Revenue for Hindustan Unilever Ltd surged by 2.64% to ₹62,785Cr, while net profits jumped by 1.55% to ₹10,277Cr.
Maruti FY24: Revenue surged by 21.2% to ₹1,45,967.80Cr, while net profits jumped by 63.42% to ₹13,470.30Cr.

Startup, M&A Deals

Networking tech startup CloudExtel raised Rs 200 crore ($24 million approx) from NIIF Infrastructure Finance Limited and Aditya Birla Finance Limited.
EV aggregator LetsTransport raised $22 million from Bertelsmann India Investments (BII), Rebright Partners, NB Ventures, ALES Global, Stride Ventures, and CAC Capital.
NBFC Northern Arc raised $80 million from the International Finance Corporation (IFC), a member of the World Bank Group.
Sustainability startup Accacia raised $6.5 million from Illuminate Financial, AC Ventures, Accel, and B Capital.
Agri finance company Samunnati raised $5 million from Enabling Qapital.
Fashion retailer Lyskraft raised $26 million from Peak XV Partners, Prosus, Sofina, and Partners of DST Global along with other startup founders.

Checkout the last week’s Market trends here: Market Recap (Apr 13, 2024)

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Economy & Market, Insights

Market Recap – Weekly Update (April 13, 2024)

by Kevin Jose

April 14, 2024

Market Recap: Weekly Update

(April 13, 2024)

YTD refers the Returns from January 1, 2024 till April 12, 2024

	Weekly Change	YTD
Nifty 22,519.40	0.23%	INR 3.63 % USD 3%
Sensex 74,244.90	0.14%	INR 2.77 % USD 2.15 %
Bank Nifty 48,564.55	0.76 %	INR 0.56 % USD -0.05 %
NASDAQ 100 18,003.49	-0.7%	8.82 %
S&P 500 5,123.41	-1.69%	8.02 %

Index Valuation and Earning

Index	P/E Ratio	EPS
Nifty 50	23.1	975.7
Nifty Bank	16.3	2975.8
Nifty Financial Services	18	1195
Nifty IT	30	1166.1
Nifty Auto	25.6	852.6
Nifty FMCG	42.1	1276.2
Nifty Healthcare	41.4	290.4
Nifty Pharma	36.2	519.5
Nifty Consumer Durables	73.2	453.2

Exchange Rates, Brent Crude & Gold

	Closing Price	Weekly Change
USD/INR	83.61	0.41%
EUR/INR	89.23	-1.35%
EUR/USD	1.07	-1.75%
Brent Crude	90.21	0.57%
Gold (USD/OZ)	2376	2.03%
Gold (INR/10G) 24 caret	74,370 Delhi	2%

FII and DII Weekly Trading Data

FII

Gross Purchases	54,219.89
Gross Sales	60,746.60
Net Purchases / Sales	-6,526.71

DII

Gross Purchases	53,420.74
Gross Sales	41,188.13
Net Purchases / Sales	12,232.61

Key Market Updates

Nifty 50 top gainers: Eicher Motors (6.72%), Hindalco Industries Ltd. (5.02%), Tata Consumer Products (3.04%), Bharti Airtel (2.9%), M&M ( 2.86%).
Nifty Midcap 150 Index and the Nifty Small cap 250 Index registered slight gains of 0.3% and 0.5% respectively in this week.
India’s retail inflation drops down to 10-month low at 4.85 percent in March
European Central Bank keeps interest rate unchanged at 4.5%
TCS FY24 results: Revenue at Rs 2,40,893 crore, up 6.8 per cent YoY. Net income at Rs 46,585 crore per cent, up 10.5 per cent YoY.
Anand Rathi wealth FY24 results: Net profit up 33.58% to Rs 224.97 crore vs. Rs 168.41 crore in FY23, sales up 32.02% to Rs 724.32 crore vs. Rs 548.63 crore last year.

Startup, M&A Deals

Climate tech startup Recykal raised about $13 million from a Category II scheme led by 360 ONE AssetManagement Limited.
AI startup Neysa raised $20 million from Matrix Partners India, Nexus Venture Partners, Menlo Park, and California-based NTTVC.
Sprinto: The risk and compliance automation platform for businesses raised $20 million in an equity funding round led by Accel.
GTMBuddy: The software startup raised $8 million in a Series A funding round from investors inlduing Leo Capital and Stellaris Venture Partners.
Planys Technologies: The IIT Madras Incubation Cell deeptech startup raised about $5 million in an equity infusion led by investor Ashish Kacholia.
SGF India (Spice Grill Flame) has announced the acquisition of Mom’s Kitchen, a Chandigarh-based food-chain known for its authentic home-cooked flavours and warm hospitality.

Checkout the last week’s Market trends here: Market Recap (Apr 6, 2024)

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Economy & Market, Insights

Market Recap – Weekly Update (April 6, 2024)

by Kevin Jose

April 7, 2024

Market Recap: Weekly Update

(April 6, 2024)

YTD refers the Returns from January 1, 2024 till April 5, 2024

	Weekly Change	YTD
Nifty 22,513.70	0.09%	INR 3.6 % USD 3.4%
Sensex 74,248.22	0.04%	INR 2.78 % USD 2.53 %
Bank Nifty 48,493.05	0.76 %	INR 0.42 % USD 0.18 %
NASDAQ 100 18,108.46	-1.34%	9.46 %
S&P 500 5,204.34	-1.02%	9.73 %

Index Valuation and Earning

Index	P/E Ratio	EPS
Nifty 50	23.1	975.9
Nifty Bank	16.3	2975
Nifty Financial Services	18	1194.9
Nifty IT	30.2	1166
Nifty Auto	25.3	852.4
Nifty FMCG	42.3	1276.4
Nifty Healthcare	41.8	290.4
Nifty Pharma	36.9	519.4
Nifty Consumer Durables	73.5	453.2

Exchange Rates, Brent Crude & Gold

	Closing Price	Weekly Change
USD/INR	83.3	-0.17%
EUR/INR	90.37	0.5%
EUR/USD	1.083	0.02%
Brent Crude	90.93	4.15%
Gold (USD/OZ)	2,328.70	4.29%
Gold (INR/10G) 24 caret	72,910 Delhi	3.07%

FII and DII Weekly Trading Data

FII

Gross Purchases	62,223.11
Gross Sales	66,058.86
Net Purchases / Sales	-3,835.75

DII

Gross Purchases	57,075.32
Gross Sales	57,075.30
Net Purchases / Sales	0.02

Key Market Updates

Nifty 50 top gainers: Divi’s Lab (8.79%), HDFC Bank (7.02%), Shriram Finance (6.74%), NTPC (5.58%), Tata Steel (4.81%).
Nifty 50 top losers: Hero MotoCorp (-4.18%), Nestle India (-3.23%),
Cipla (-3.18%), Bharti Airtel (-3.06%), Grasim industries (-2.18%).
Nifty Midcap 150 Index and the Nifty Small Cap 250 Index registered significant gains of 4.0% and 6.4% respectively.
RBI MPC keeps repo rate unchanged at 6.5% for 7th time in a row.
India’s foreign exchange reserves increased $2.951 billion to $645.583 billion for the week ended March 2
Oil rose toward a five-month high, surging over $90, after OPEC+ confirmed it would maintain its existing supply cuts through the end of June.

Startup, M&A Deals

SingleInterface, a B2B tech startup, raised $30 million from Asia Partners and PayPal Ventures.
SaaS startup Scrut Automation raised $10 million from Lightspeed, MassMutual Ventures, and Endiya Partners.
Ola Electric raised $50 million in debt funding from the debt financing platform, EvolutionX Debt Capital.
Namdev Finvest raised $19 million led by Maj Invest Financial Inclusion Fund III K/S.
D2C startup Traya Health raised Rs 75 crore (about $9 million) from Xponentia Capital.
Payments Platform Innoviti Technologies Secures INR 40 Cr in Series E led by Bessemer Venture Partners and Patni Family Office.

Checkout the last week’s Market trends here: Market Recap (Mar 23, 2024)

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Economy & Market, Insights

Market Recap – Weekly Update (March 23, 2024)

by Kevin Jose

March 25, 2024

Market Recap: Weekly Update

(March 23, 2024)

YTD refers the Returns from January 1, 2024 till March 22, 2024

	Weekly Change	YTD
Nifty 22,096.75	0.3%	INR 1.68 % USD 1.1 %
Sensex 72,831.94	0.26%	INR 0.82 % USD 0.23 %
Bank Nifty 46,863.75	0.5 %	INR -2.96 % USD -3.52 %
NASDAQ 100 18,339.44	1.75%	10.85 %
S&P 500 5,234.18	1.54%	10.35 %

Index Valuation and Earning

Index	P/E Ratio	EPS
Nifty 50	22.8	968.7
Nifty Bank	15.6	3011.8
Nifty Financial Services	17.3	1198.6
Nifty IT	30.1	1,169
Nifty Auto	26.9	782.1
Nifty FMCG	43	1252.1
Nifty Healthcare	40.8	290.4
Nifty Pharma	35.9	523.8
Nifty Consumer Durables	70.6	449.4

Exchange Rates, Brent Crude & Gold

	Closing Price	Weekly Change
USD/INR	83.59	0.75%
EUR/INR	90.80	0.74%
EUR/USD	1.09	0.03%
Brent Crude	84.98	-0.11%
Gold (USD/OZ)	2,165.40	-0.26%
Gold (INR/10G) 24 caret	68,050 Delhi	0.87%

FII and DII Weekly Trading Data

FII

Gross Purchases	69,289.17
Gross Sales	77,654.70
Net Purchases / Sales	8,365.53

DII

Gross Purchases	64,233.42
Gross Sales	44,881.80
Net Purchases / Sales	19,351.62

Key Market Updates

Nifty 50 top gainers: Maruti Suzuki India (7.5%), Tata Steel (7.13%),
Bajaj Auto (7.12%), Apollo hospitals (6.56%), Eicher Motors (6.48%).
Rupee hits all-time low after sharpest weekly fall in 7 months due to aggressive local dollar demand.
Nifty Midcap 150 index and Nifty Small cap 250 index gained 1.4% and 1.7% respectively.
India’s foreign exchange reserves reached an all-time high of USD 642.492 billion, reflecting a $6.396 billion increase for the week ending March 15.
The US Federal Reserve on Wednesday left the key lending rates unchanged at 5.25% – 5.50%.
New Zealand slips into its second recession in 18 months as economy contracts.

Startup, M&A Deals

Healthtech startup Ultrahuman raised $35 million from Blume Ventures, Steadview Capital, Nexus Venture Partners, Alpha Wave Incubation, and Deepinder Goyal.
Audio entertainment platform Pocket FM raised $103 million from Lightspeed and Stepstone Group.
Fintech Dvara KGFS raised $14.4 million from Impact Investment Exchange (IIX).
Gaming studio Liquidnitro Games raised $5.25 million from Nexus Venture Partners and angel investors.
Fintech startup Optimo Loan raised $10 million from Blume and Omnivore.
Jumbotail raised $18.2 million from Artal Asia. Heron Rock, Sabre Investment, Arkham Ventures, Jarvis Reserve Fund, and Reaction Global.

Checkout the last week’s Market trends here: Market Recap (Mar 16, 2024)

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Economy & Market, Insights

Market Recap – Weekly Update (March 16, 2024)

by Kevin Jose

March 17, 2024

Market Recap: Weekly Update

(March 16, 2024)

YTD refers the Returns from January 1, 2024 till March 15, 2024

	Weekly Change	YTD
Nifty 22,023.35	-2.06%	INR 1.34 % USD 0.6 %
Sensex 72,643.43	-1.82%	INR 0.56 % USD -0.16 %
Bank Nifty 46,594.10	-2.35 %	INR -3.52 % USD -4.2 %
NASDAQ 100 17,808.25	-0.84%	7.64 %
S&P 500 5,117.09	0.1%	7.89 %

Index Valuation and Earning

Index	P/E Ratio	EPS
Nifty 50	22.7	968.5
Nifty Bank	15.5	3011.9
Nifty Financial Services	17.2	1198.9
Nifty IT	32.1	1,169
Nifty Auto	25.8	782
Nifty FMCG	43.3	1252.1
Nifty Healthcare	40.3	290.4
Nifty Pharma	35.7	523.7
Nifty Consumer Durables	70.3	449.4

Exchange Rates, Brent Crude & Gold

	Closing Price	Weekly Change
USD/INR	82.89	0.13%
EUR/INR	90.31	-0.19%
EUR/USD	1.09	-0.3%
Brent Crude	84.7	4.55%
Gold (USD/OZ)	2171	-0.87%
Gold (INR/10G) 24 caret	67,160 Delhi	-0.51%

FII and DII Weekly Trading Data

FII

Gross Purchases	141,708.58
Gross Sales	142,525.49
Net Purchases / Sales	816.91

DII

Gross Purchases	67,517.50
Gross Sales	53,370.00
Net Purchases / Sales	14,147.50

Key Market Updates

Nifty 50 top gainers: TCS (2.69%), Britannia (1.74%), Bharti Airtel (1.69%), Nestle India (1.67%), HDFC Life Insurance (1.67%).
The Nifty Midcap 150 index & Nifty Small Cap 250 index registered losses of – 4.1% and – 5.9%.
The Indian government on Friday raised the windfall tax on petroleum crude to Rs 4,900 a tonne from Rs 4,600.
U.S. CPI Unexpectedly rises to 3.2% Annual Pace in February.
Indian government reduced import duty on electric vehicles to 15% with conditions under the new EV policy.
India’s February trade deficit widens to $18.71 billion, exports at an 11-month high.

Startup, M&A Deals

Fintech startup FREED raised $7.5 million from Sorin Investments and Multiply Ventures and Piper Serica.
SaaS fintech startup Perfios raised $80 million from Teachers’ Venture Growth (TVG) at a valuation of more than $1 billion.
AI-driven dermatology platform CureSkin raised $20 million from Healthquad, JSW Ventures, Khosla Ventures, and Sharrp Ventures.
Lohum, a lithium-ion pack battery maker raised $54 million from Singularity Growth, Baring Private Equity, Cactus Venture Partners, and Venture East.
BlackSoil NBFC raised equity of about $12 million from existing Indian investors and family offices.
Geriatric care service provider KITES Senior Care raised $7.8 million led by Dr Ranjan Pai’s Manipal Education and Medical Group (MEMG) Family Office Fund.

Checkout the last week’s Market trends here: Market Recap (Mar 2, 2024)

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Economy & Market, Insights

Market Recap – Weekly Update (March 2, 2024)

by Kevin Jose

March 3, 2024

Market Recap: Weekly Update

(March 2, 2024)

YTD refers the Returns from January 1, 2024 till March 2, 2024

	Weekly Change	YTD
Nifty 22,378.40	0.89%	INR 2.98% USD 2.3%
Sensex 73,806.15	1.35%	INR 2.17% USD 1.49%
Bank Nifty 47,286.90	0.96%	INR -2.08% USD -2.73%
NASDAQ 100 18,302.91	1.85%	10.63%
S&P 500 5,137.08	0.87%	8.31%

Index Valuation and Earning

Index	P/E Ratio	EPS
Nifty 50	23.1	968.8
Nifty Bank	15.7	3012.6
Nifty Financial Services	17.4	1198.9
Nifty IT	32.2	1,169
Nifty Auto	26.8	782
Nifty FMCG	43.5	1252.1
Nifty Healthcare	40.9	290.4
Nifty Pharma	36.1	523.7
Nifty Consumer Durables	73.4	449.4

Exchange Rates, Brent Crude & Gold

	Closing Price	Weekly Change
USD/INR	82.85	-0.05%
EUR/INR	89.93	0.04%
EUR/USD	1.9	0.93%
Brent Crude	82.5	3.02%
Gold (USD/OZ)	2,083.65	2.34%
Gold (INR/10G) 24 caret	65,405 Delhi	2.06%

FII and DII Weekly Trading Data

FII

Gross Purchases	110,289.81
Gross Sales	110,266.30
Net Purchases / Sales	23.51

DII

Gross Purchases	53,848.42
Gross Sales	45,580.42
Net Purchases / Sales	8,268.00

Key Market Updates

Nifty 50 top gainers: L&T (8.02%), Tata Motors Ltd. (5.58%), Tata Steel (4.54%), Tata Consumer Products (4.02%), IndusInd Bank (3.22%)
India’s forex reserves jumped by USD 2.975 billion to USD 619.072 billion for the week ended February 23.
India’s GDP growth zooms to 8.4% in Q3; FY24 growth pegged at 7.6%.
KSB Q3 results: Revenue from operations grew by 14.87% year on year to Rs 602.60 crore. PAT declined 1.78% to Rs 54.9 crore.
Rashi Peripherals Q3 results: Profit fell by 11.3% to Rs 25.2 crore. Revenue grew by 21% to 2624 crores.
Sanofi India Q3 results: Revenue grew 3.2% to reach 694 cr. PAT rose 5.34% to 138 QOQ.

Startup, M&A Deals

Direct-to-consumer (D2C) luggage brand Mokobara raised Rs 100 crore ($12 million) from Peak XV Partners, Sauce VC, and Saama Capital.
ZenoHealth, a medicine delivery platform, raised $25 million from Stic Investment and Lightbox.
Fintech startup Mswipe Technologies raised $20 million from Alpha Wave Global, Matrix Partners, B Capital, DSG Consumer Partners, Epiq Capital, UC-RNT, and Ola.
SaaS startup Capillary Technologies raised $95 million as part of its Series D round from a group of investors.
Logistics startup Shadowfax raised $100 million from TPG NewQuest, Mirae Asset Venture, Flipkart, IFC, Nokia Growth Partners, Qualcomm, and Trifecta Capital.
Kushal’s, a fashion and silver jewellery brand, raised Rs 284 crore ($34.2 million) from Lighthouse.

Checkout the last week’s Market trends here: Market Recap (Feb 24, 2024)

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Economy & Market, Insights

Market Recap – Weekly Update (February 24, 2024)

by Kevin Jose

February 25, 2024

Market Recap: Weekly Update

(February 24, 2024)

YTD refers the Returns from January 1, 2024 till February 23, 2024

	Weekly Change	YTD
Nifty 22,212.70	0.64%	INR 2.21% USD 1.5%
Sensex 73,142.80	1.13%	INR1.25% USD 0.53%
Bank Nifty 46,384.85	0.84%	INR -3.05% USD -3.75%
NASDAQ 100 17,937.61	0.47%	8.42%
S&P 500 5,088.80	1.15%	7.29 %

Index Valuation and Earning

Index	P/E Ratio	EPS
Nifty 50	22.9	968.7
Nifty Bank	15.5	3012.3
Nifty Financial Services	17.3	1198.7
Nifty IT	32.5	1,169.2
Nifty Auto	26.4	782
Nifty FMCG	43.4	1252
Nifty Healthcare	41.9	290.4
Nifty Pharma	36.4	524
Nifty Consumer Durables	71.4	449.4

Exchange Rates, Brent Crude & Gold

	Closing Price	Weekly Change
USD/INR	82.89	-0.17%
EUR/INR	89.82	0.23%
EUR/USD	1.8	0.1%
Brent Crude	80.32	-1.45%
Gold (USD/OZ)	2036	1.12%
Gold (INR/10G) 24 caret	64200 Delhi	0.52%

FII and DII Weekly Trading Data

FII

Gross Purchases	72,242.51
Gross Sales	74,181.91
Net Purchases / Sales	1,939.40

DII

Gross Purchases	47,927.23
Gross Sales	44,394.41
Net Purchases / Sales	3,532.82

Key Market Updates

Nifty 50 top gainers: M&M (5.13%), Grasim Industries (4.36%), ICICI (3.59%), Nestle (3.53%), Sun Pharma (3.41%).
India’s crude oil imports hit a 21-month high in January, rising by 9.5% month-on-month to 21.39 million metric tons.
The euro area annual inflation rate was 2.8% in January 2024, down from 2.9% in December.
Jana Small Finance Bank Q3 results: Net profit rises 13% to Rs 135 crore. Total income for the quarter was 20% higher at Rs 1178 crore.
Magadh Sugar Q3 results: Net profit rises 77.3% to Rs 39 crore, Total income grew 4.3% to Rs 219 cr.
ABB India reported 13 per cent rise in profit after tax to Rs 345 crore. Total revenue of the company rose to Rs 2,757 crore in the quarter.

Startup, M&A Deals

EV startup PURE EV raised $8 million from BCCL, Hindustan Times Media Ventures, Ushodaya Enterprises, and high-networth individual.
Commercial EV financing platform Vidyut raised $10 million from 3one4 Capital, Saison Capital, Zephyr Peacock India, Force Ventures, and Alteria Capital.
Climate-tech startup Varaha raised $8.7 million from RTP Global, Omnivore, Orios Venture Partners, Norinchukin Bank, AgFunder, and Octave Wellbeing Economy Fund.
Rentomojo, a furnishing rental brand, raised Rs 210 crore ($25 million approx.) from Edelweiss Discovery Fund Series – I, Chiratae Growth Fund, and Magnetic.
Walko Foods, the parent company to ice cream brands NIC and Cream Pot, raised $20 from Jungle Ventures.
Bengaluru-based shared electric mobility company Yulu raised $19.25 million from Canadian auto parts manufacturer Magna and Bajaj Auto Limited.

Checkout the last week’s Market trends here: Market Recap (February 17, 2024)

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Market Recap: Weekly Update

(May 18, 2024)

Index Valuation and Earning

Exchange Rates, Brent Crude & Gold

FII and DII Weekly Trading Data

Key Market Updates

Startup, M&A Deals

Market Recap: Weekly Update

(May 11, 2024)

Index Valuation and Earning

Exchange Rates, Brent Crude & Gold

FII and DII Weekly Trading Data

Key Market Updates

Startup, M&A Deals

Market Recap: Weekly Update

(May 4, 2024)

Index Valuation and Earning

Exchange Rates, Brent Crude & Gold

FII and DII Weekly Trading Data

Key Market Updates

Startup, M&A Deals

Market Recap: Weekly Update

(April 27, 2024)

Index Valuation and Earning

Exchange Rates, Brent Crude & Gold

FII and DII Weekly Trading Data

Key Market Updates

Startup, M&A Deals

Market Recap: Weekly Update

(April 13, 2024)

Index Valuation and Earning

Exchange Rates, Brent Crude & Gold

FII and DII Weekly Trading Data

Key Market Updates

Startup, M&A Deals

Market Recap: Weekly Update

(April 6, 2024)

Index Valuation and Earning

Exchange Rates, Brent Crude & Gold

FII and DII Weekly Trading Data

Key Market Updates

Startup, M&A Deals

Market Recap: Weekly Update

(March 23, 2024)

Index Valuation and Earning

Exchange Rates, Brent Crude & Gold

FII and DII Weekly Trading Data

Key Market Updates

Startup, M&A Deals

Market Recap: Weekly Update

(March 16, 2024)

Index Valuation and Earning

Exchange Rates, Brent Crude & Gold

FII and DII Weekly Trading Data

Key Market Updates

Startup, M&A Deals

Market Recap: Weekly Update

(March 2, 2024)

Index Valuation and Earning

Exchange Rates, Brent Crude & Gold

FII and DII Weekly Trading Data

Key Market Updates

Startup, M&A Deals

Market Recap: Weekly Update

(February 24, 2024)

Index Valuation and Earning

Exchange Rates, Brent Crude & Gold

FII and DII Weekly Trading Data

Key Market Updates

Startup, M&A Deals

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