Economy & Market, Insights

Market Recap – Weekly Update (February 24, 2023)

Market Recap: Weekly Update

(February 24, 2023)

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, 2023)

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Economy & Market, Insights

Market Recap – Weekly Update (February 17, 2023)

Market Recap: Weekly Update

(February 17, 2023)

YTD refers the Returns from January 1, 2024 till February 16, 2024

Weekly Change

YTD

Nifty

22,040.70

1.1%

INR 1.42%
USD 0.6%

Sensex

72,426.64

1.42%

INR 0.26%
USD -0.57%

Bank Nifty

46,384.85

1.77%

INR -3.95%
USD -4.75%

NASDAQ 100

17,685.98

-1.43%

6.9%

S&P 500

5,005.57

-0.42%

5.54 %

Index Valuation and Earning

Index

P/E Ratio

EPS

Nifty 50

22.8

968.4

Nifty Bank

15.4

3012

Nifty Financial Services

17.1

1198.6

Nifty IT

32.9

1169.2

Nifty Auto

26.2

781

Nifty FMCG

42.7

1252.2

Nifty Healthcare

41.5

290.4

Nifty Pharma

36

523.9

Nifty Consumer Durables

66.5

472.8

Exchange Rates, Brent Crude & Gold

Closing Price

Weekly Change

USD/INR

82.99

-0.02%

EUR/INR

89.49

-0.07%

EUR/USD

1.8

0.19%

Brent Crude

81.93

1.24%

Gold (USD/OZ)

2,013.43

-0.55%

Gold (INR/10G)

24 caret

63,820

Delhi

-0.62%

FII and DII Weekly Trading Data

FII

Gross Purchases

68,344.37

Gross Sales

74,581.92

Net Purchases / Sales

6,237.55

DII

Gross Purchases

56,519.72

Gross Sales

47,788.12

Net Purchases / Sales

8,731.60

 

Key Market Updates
  • Nifty 50 top gainers: Mahindra & Mahindra (11.51%), Wipro (10.43%), UPL (7.17%), Bajaj Auto (6.75%), Bharat Petroleum (6.71%).
  • India’s foreign exchange reserves declined by $5.240 billion to $617.230 billion in the week that ended Feb 9.
  • NMDC Q3 Results: Net profit rises 62% to ₹1,470 crore, revenue up 45% YoY.
  • Gland Pharma Q3 results: Net profit down 17%, revenue up 65%.
  • M&M’s net profit for Q3 surged 61% year-on-year (YoY) to ₹2,454 crore. Revenue increased 17% YoY to ₹25,289.
  • NALCO Q3: Company reported an 83.6% year-on-year (YoY) jump in net profit to ₹470.6 crore. Revenue from operations increased 1.5% to ₹3,346.9 crore.
  • ACC Q3 FY24 results: Profit up 378% at Rs 527 crore. revenue from operations came at Rs 4,918.3, up by 7.44%
Startup, M&A Deals
  • Student accommodation platform Amber raised $21 million from Gaja Capital, Lighthouse Canton, and Stride Ventures.
  • Spiritual-tech startup AstroTalk raised $20 million from New York-based venture capital firm Left Lane.
  • Captain Fresh, a B2B fish and seafood tech startup, raised $25 million from British International Investment and Nekkanti Seafoods Group as well as a few family offices.
  • Pet care startup Supertails raised $15 million from RPSG Capital Ventures, Fireside Ventures, Saama Capital, DSG Consumer Partners, and Sauce VC.
  • Metalbook, a B2B startup, raised $15 million from Rigel Capital, Venture fund FJ Labs,Axilor Ventures, Foundamental, Stride Ventures, and Trifecta Capital.
  • Fintech startup Ayekart raised $6.5 million from Omnivore, Siana Capital, and Unleash Capital Partners.

Checkout the last week’s Market trends here: Market Recap (February 10, 2023)

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Economy & Market, Insights

Market Recap – Weekly Update (February 10, 2023)

Market Recap: Weekly Update

(February 10, 2023)

YTD refers the Returns from January 1, 2024 till February 9, 2024

Weekly Change

YTD

Nifty

21,782.50

0.55%

INR 0.24%
USD -0.6%

Sensex

71,595.49

1%

INR -0.89%
USD -1.74%

Bank Nifty

45,634.55

0.54%

INR -5.50%
USD -6.31%

NASDAQ 100

15,990.66

2.41%

8.29%

S&P 500

5,026.61

1.4%

5.98 %

Index Valuation and Earning

Index

P/E Ratio

EPS

Nifty 50

22.5

967.7

Nifty Bank

15.2

3,006.2

Nifty Financial Services

16.9

1,195.5

Nifty IT

32.2

1,169.3

Nifty Auto

25.6

765.6

Nifty FMCG

43.1

1,250.1

Nifty Healthcare

41.8

284.7

Nifty Pharma

36.2

514.7

Nifty Consumer Durables

65.5

473.9

Exchange Rates, Brent Crude & Gold

Closing Price

Weekly Change

USD/INR

83.01

0.03%

EUR/INR

89.49

0.32%

EUR/USD

1.078

-0.16%

Brent Crude

80.94

4.81%

Gold (USD/OZ)

2,024.47

0.29%

Gold (INR/10G)

24 caret

64,330

Delhi

0.2%

FII and DII Weekly Trading Data

FII

Gross Purchases

75,950.46

Gross Sales

81,821.91

Net Purchases / Sales

5,871.45

DII

Gross Purchases

67,086.11

Gross Sales

61,760.35

Net Purchases / Sales

5,325.76

 

Key Market Updates
  • Nifty 50 top gainers: SBI (11.64%), Bharat Petroleum (10.02%), Coal India (8.67%), Sun Pharma (8.34%), TCS (4.22%).
  • RBI keeps interest rates unchanged – Repo rate remains at 6.50%
  • Oil rises for fourth straight sessions on Gaza ceasefire rejection. The price crosses $80.
  • Divi’s Lab Q3 results: Net profit up 17% to Rs 358 crore. Revenue came in at Rs 1,855 crore up 8.6 percent.
  • LIC Q3 results: Net profit jumps 49% to Rs 9,444 cr. Net Sales at Rs 213,344.77 crore, up 8.32% Y-o-Y.
  • Tata Power Q3 net profit remains muted at Rs 1,076.12 crore. Revenue increased by 6.2 percent to Rs 15,294.13 crore.
  • Hero MotoCorp Q3 Results: Profit surges 51% YoY to Rs 1,073 crore. Revenue from operations grew 21% YoY in the quarter to Rs 9,724.
Startup, M&A Deals
  • Creator-focused platform Wishlink raised $7 million from Fundamentum and Elevation Capital.
  • Home automation startup Keus Smart Home Automation raised Rs 100 crore ($12 million) led by OAKS Consumer Fund.
  • Fintech startup focused on mobility segment OTO Capital raised $10 million from GMO Venture Partners, Turbostart, Prime Venture Partners, Matrix Partners, and 9Unicorns.
  • EV-focussed NBFC startup Mufin Green Finance raised Rs 140 crore ($16.8 million) from a group of family offices
  • EV startup River raised $40 million from Yamaha Motor Co, Al-Futtaim Automotive, Lowercarbon Capital, and Toyota Ventures.
  • Metafin, a cleantech-focused NBFC, raised $5 million from Prime Venture Partners and Varanium Capital.

Checkout the last week’s Market trends here: Market Recap (February 3, 2023)

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Economy & Market, Insights

Market Recap – Weekly Update (February 3, 2023)

Market Recap: Weekly Update

(February 3, 2023)

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

Weekly Change

YTD

Nifty
21,853.80

1.43%

INR 0.56%
USD -0.3%

Sensex

72,085.63

0.92%

INR -0.21 %
USD -1.05 %

Bank Nifty

45,970.95

1.42%

INR -4.81%
USD -5.61 %

NASDAQ 100
17,642.73

1.17%

6.64 %

S&P 500
4,958.61

1.34%

10.15 %

Index Valuation and Earning

Index

P/E Ratio

EPS

Nifty 50

22.5

970.8

Nifty Bank

15.1

3042.4

Nifty Financial Services

17

1170

Nifty IT

31.9

1170

Nifty Auto

26.8

723.4

Nifty FMCG

43.8

1259.8

Nifty Healthcare

40.7

279.6

Nifty Pharma

35.5

505.7

Nifty Consumer Durables

66.8

470.4

Exchange Rates, Brent Crude & Gold

Closing Price

Weekly Change

USD/INR

83

-0.23%

EUR/INR

89.69

-0.1%

EUR/USD

1.08

-0.1%

Brent Crude

76.91

-6.7%

Gold (USD/OZ)

2,018.71

1.04%

Gold (INR/10G)

24 caret

64,795

Delhi

1%

FII and DII Weekly Trading Data

FII

Gross Purchases

94,124.38

Gross Sales

96,133.06

Net Purchases / Sales

2,008.68

DII

Gross Purchases

42,700.93

Gross Sales

32,998.97

Net Purchases / Sales

9,701.96

 

Key Market Updates
  • Nifty 50 top gainers: Bharat Petroleum (17.70%), Power Grid Corporation (12.87%), Adani Ports & SEZ (10.07%), ONGC (9.91%), Adani Enterprises (9.12%).
  • The Indian Government increased the windfall tax on petroleum crude to ₹3,200 per tonne from ₹1,700 per tonne.
  • SBI Q3 reults: Net profit – Rs 9,163.96, down 35.4% (YoY)
  • Net interest income: Rs 39,815.73, up 4.5% (YoY)
  • Tata Motors Q3 results: Net profit jumps 2x to Rs 7,025 crore. Revenue surged 24.9 percent on-year to Rs 110,577 crore.
  • IndiGo Q3 results: Profit more than doubles to Rs 2,998 crore. Revenue from operations increased by 30.26 per cent to Rs 19,452 crore.
  • Delhivery Q3 results: Logistics firm turns profitable, revenue jumps by 20% YoY to ₹2,194 crore.
Startup, M&A Deals
  • SaaS startup MoveInSync raised $15 million from Bessemer Venture Partners.
  • EV ride-hailing startup BluSmart raised $25 million from Zurich-based impact-focused investor responAbility Investments.
  • Logistics startup Wiz Freight raised Rs 125 crore ($15 million) from SBI Investment, Tiger Global, Nippon Express, Axilor Technologies Fund, Foundamental etc.
  • Grow Indigo: The agritech startup raised $8 million as part of a funding round that saw participation from stakeholders Indigo Ag and Mahyco.
  • p0: The AI-led cybersecurity startup raised $6.5 million from Lightspeed Venture Partners.

Checkout the last week’s Market trends here: Market Recap (January 27, 2023)

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Economy & Market, Insights

Market Recap – Weekly Update (January 27, 2023)

Market Recap: Weekly Update

(January 27, 2023)

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

Weekly Change

YTD

Nifty
21,352.60

-1.07%

INR -1.74%
USD -2.7%

Sensex

70,700.67

-1.12%

INR -2.13 %
USD -3.09 %

Bank Nifty

44,866.15

-2.69%

INR -7.09 %
USD -8.01 %

NASDAQ 100
17,421.01

0.62%

5.3 %

S&P 500
4,839.81

1.01%

3.12 %

Index Valuation and Earning

Index

P/E Ratio

EPS

Nifty 50

22.3

958.8

Nifty Bank

14.8

3023.3

Nifty Financial Services

16.8

1199.2

Nifty IT

30.7

1190.7

Nifty Auto

26.3

707.5

Nifty FMCG

44.3

1246.9

Nifty Healthcare

40.1

276.5

Nifty Pharma

35

501.5

Nifty Consumer Durables

68.4

453.9

Exchange Rates, Brent Crude & Gold

Closing Price

Weekly Change

USD/INR

83.124

0.005%

EUR/INR

90.3

-0.1%

EUR/USD

1.085

-0.42%

Brent Crude

82.28

6.24%

Gold (USD/OZ)

2,018.71

-0.538%

Gold (INR/10G)

24 caret

64,160

Delhi

-0.14%

FII and DII Weekly Trading Data

FII

Gross Purchases

87,901.81

Gross Sales

100,096.19

Net Purchases / Sales

12,194.38

DII

Gross Purchases

42,700.93

Gross Sales

32,998.97

Net Purchases / Sales

9,701.96

 

Key Market Updates
  • Nifty 50 top gainers: Bajaj Auto (7.08%), Cipla (4.06%), Dr. Reddy’s Labs (3.91%), Power Grid Corporation of India Ltd. (3.5%), Bharti Airtel (3.27%).
  • India’s direct tax-GDP ratio rises to 15-year high of 6.11% during FY23
  • Vedanta Ltd’s consolidated net profit dropped by 18.30% to Rs 2,013 crore in the December 2023 quarter, while consolidated revenue rose 3.76% to Rs 34,968 crore.
  • YES Bank Q3 Results: PAT soars 4x YoY to Rs 231 crore, NII rises 2.4%.
  • PNB Q3 results: Net profit rises three fold to Rs 2,222 crore. Total income rose 16% to Rs 29,962 crore in the December 2023 quarter.
  • Tata Steel Q3 results: Net profit at ₹522 crore, revenue down 3% YoY.
Startup, M&A Deals
  • Ecofy, an NBFC that focuses on supporting green projects raised $10.8 million from FMO, a Dutch Entrepreneurial development bank.
  • Ola Founder Bhavish Aggarwal’s Large Language Model (LLM) startup Krutrim has raised $50 million from Matrix Partners and others at a valuation of $1 billion.
  • IBS Software acquires APS for $90 million, focuses on growth in hospitality sector.
  • Nazara Technologies picks up 10.77% stake in Kofluence for Rs 32.42 cr.
  • DMI group acquires BNPL startup ZestMoney in a distress sale deal.

Checkout the last week’s Market trends here: Market Recap (January 20, 2023)

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Economy & Market, Insights

Market Recap – Weekly Update (January 20, 2023)

Market Recap: Weekly Update

(January 20, 2023)

YTD refers the Returns from January 1, 2024 till January 19, 2024

Weekly Change

YTD

Nifty
21,583.15

-2.21%

INR -0.68%
USD -1.7%

Sensex

71,499.65

-2.02%

INR -1.03 %
USD -2 %

Bank Nifty

46,106.55

-4.09%

INR -4.53 %
USD -5.5 %

NASDAQ 100
17,314.00

2.93%

4.65 %

S&P 500
4,839.81

1.01%

2.04 %

Index Valuation and Earning

Index

P/E Ratio

EPS

Nifty 50

22.8

945.8

Nifty Bank

15.4

2996

Nifty Financial Services

17.3

1189

Nifty IT

29.7

1194.2

Nifty Auto

26.4

706.2

Nifty FMCG

45.6

1226.7

Nifty Healthcare

40.2

272.3

Nifty Pharma

35

492

Nifty Consumer Durables

70.2

450.5

Exchange Rates, Brent Crude & Gold

Closing Price

Weekly Change

USD/INR

83.12

0.3%

EUR/INR

90.73

-0.15%

EUR/USD

1.09

-0.37%

Brent Crude

77.75

-0.72%

Gold (USD/OZ)

2,029.63

-0.95%

Gold (INR/10G)

24 caret

64,250

Delhi

-0.43%

FII and DII Weekly Trading Data

FII

Gross Purchases

75,305.89

Gross Sales

97,732.97

Net Purchases / Sales

22,427.08

DII

Gross Purchases

64,612.01

Gross Sales

53,179.97

Net Purchases / Sales

11,432.04

 

Key Market Updates
  • Nifty 50 top gainers: ONGC (8.35%), Tech Mahindra (5.93%), Apollo Hospitals (5.64%), Bharat Petroleum (5.42%), Coal India (4.64%).
  • ICICI Bank Q3 Results: PAT jumps 24% YoY to Rs 10,272 crore, beats estimates. Its net interest income (NII) increased by 13.4% YoY to Rs 18,678 crore in Q3.
  • Kotak Mahindra Bank Q3 Results: PAT rises 8% YoY to Rs 3,005 crore, but trails estimates.
  • Reliance Q3 Results : Net profit rises 11% to Rs 19,641 crore. Consolidated revenues at Rs 248,160 crore, up 3.2% YoY.
  • Polycab India Q3 results: Net profit up 15% to Rs 416 crore. Net sales for the quarter stood at Rs 4,340.47 crore, up 16.8 percent from a year ago.
  • HUL Q3 Results: PAT rises just 0.6% YoY to Rs 2,519 crore, trails estimate. Revenue from operations fell 0.3% YoY to Rs 15,188 crore.
Startup, M&A Deals
  • Fintech startup FinAGG Technologies raised $11 million from Tata Capital, Blue Orchard, SIDBI, Prime Venture Partners, and Gray Matter Capital.
  • Wow! Momo Foods raised $49 million from Khazanah Nasional Berhad and OAKS Asset Management.
  • EV startup ALT Mobility raised $6 million from Shell Ventures, Eurazeo, EV2 Ventures, Twynam, UC Inclusive, Piper Serica, Pitchright, and LetsVenture.
  • Aquaculture technology startup AquaExchange raised $6 million from Ocean 14 Capital, Endiya Partners, and Accion Venture Labs.
  • Manufacturing automation startup Groyyo raised $5.4 million from Lighthouse Canton and Trifecta Capital.

Checkout the last week’s Market trends here: Market Recap (January 13, 2023)

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Economy & Market, Insights

Market Recap – Weekly Update (January 13, 2023)

Market Recap: Weekly Update

(January 13, 2023)

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


Weekly Change

YTD

Nifty
21,894.55

0.79%

INR 0.75%
USD 0.1%

Sensex

72,568.45

0.92%

INR 0.45 %
USD-0.23 %

Bank Nifty

47,709.80

-0.68%

INR -1.21%
USD -1.88%

NASDAQ 100
16,832.92

2.93%

0.99%

S&P 500
4,783.83

1.7%

0.81 %

Index Valuation and Earning

Index

P/E Ratio

EPS

Nifty 50

23.2

937.8

Nifty Bank

16.6

2908.2

Nifty Financial Services

18.7

1153.6

Nifty IT

29.2

1194

Nifty Auto

26

707.1

Nifty FMCG

46.4

1243.9

Nifty Healthcare

39.9

273.8

Nifty Pharma

35

496.4

Nifty Consumer Durables

69.4

453.6

Exchange Rates, Brent Crude & Gold

Closing Price

Weekly Change

USD/INR

82.87

-0.38%

EUR/INR

90.87

-0.07%

EUR/USD

1.094

-0.46%

Brent Crude

77.65

-0.45%

Gold (USD/OZ)

2,049.03

0.16%

Gold (INR/10G)

24 caret

64,255

Delhi

-0.41%

FII and DII Weekly Trading Data

FII

Gross Purchases

53,427.52

Gross Sales

57,328.79

Net Purchases / Sales

-3,901.27

DII

Gross Purchases

56,875.70

Gross Sales

50,017.23

Net Purchases / Sales

6,858.47

 

Key Market Updates
  • Nifty 50 top gainers: Hero MotoCorp (9.85%), HCL Technologies (7.54%), Infosys L (5.23%), Reliance Inds.(5.13%), LTIMindtree (4.87%).
  • US consumer price index increased 3.4% in the year through December, the most in three months according to government figures.
  • TCS Q3 Results : Revenue grows 4% YoY, Income rises 8%.
  • Infosys Q3 results: Net profit falls 7% YoY to Rs 6,106 crore.
  • HCL Tech Q3 results: Net profit rises 6.2% to ₹4,350 crore, revenue up by 6.5%
  • Wipro Q3 Results: PAT down 12% YoY to ₹2,694 crore, revenue drops 4.4% YoY.
  • HDFC AMC Q3 net profit up 32% to Rs 488 crore, revenue jumps 20%.
  • HDFC Life Q3 results: Net profit rises 16%, net premium income 6% up.
Startup, M&A Deals
  • Varthana Finance has secured $14 million from Blue Earth Capital.
  • Healthcare startup makeO raised $16 million from 360 ONE Asset, Eight Roads Ventures, Paramark Ventures, and the family office of Medlife founders.
  • Healthcare startup CureBay raised Rs 62 crore ($7.5 million) from Elevar Equity and existing investors.
  • B2B startup Karkhana.io raised $6.3 million from Arkam Ventures, Susquehanna Asia Venture Capital and Vertex Ventures Southeast Asia and India.
  • Edtech startup ConveGenius raised $7 million from UBS Optimus Foundation, Mount Judi Ventures and others.
  • Infosys announces acquisition of Insemi technology for ₹280 crore.

Checkout the last week’s Market trends here: Market Recap (January 6, 2023)

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Economy & Market, Insights

Market Recap – Weekly Update (January 6, 2023)

Market Recap: Weekly Update

(January 6, 2023)

YTD refers the Returns from January 1, 2024 till January 6, 2024

Weekly Change

YTD

Nifty
21,710.80

-0.09%

INR -0.09%
USD -0.02%

Sensex

72,026.15

-0.3%

INR -0.3%
USD -0.22%

Bank Nifty
48,292.25

-0.28%

INR -0.28%
USD -0.204%

NASDAQ 100
16,305.98

-3.53%

-3.53%

S&P 500
4,769.83

-1.79%

-1.79%

Index Valuation and Earning

Index

P/E Ratio

EPS

Nifty 50

23.2

937.8

Nifty Bank

16.6

2908.2

Nifty Financial Services

18.7

1153.6

Nifty IT

29.2

1194

Nifty Auto

26

707.1

Nifty FMCG

46.4

1243.9

Nifty Healthcare

39.9

273.8

Nifty Pharma

35

496.4

Nifty Consumer Durables

69.4

453.6

Exchange Rates, Brent Crude & Gold

Closing Price

Weekly Change

USD/INR

83.19

-0.07%

EUR/INR

91.16

-1.07%

EUR/USD

1.1

-0.27

Brent Crude

78

1.19%

Gold (USD/OZ)

2045.85

-0.82%

Gold (INR/10G)

24 caret

64,520

Delhi

-1.67%

FII and DII Weekly Trading Data

FII

Gross Purchases

48,156.61

Gross Sales

44,866.38

Net Purchases / Sales

3,290.23

DII

Gross Purchases

47,911.02

Gross Sales

55,207.52

Net Purchases / Sales

7,296.50

 

Key Market Updates
  • Nifty 50 top gainers: Adani Ports & SEZ (12.68%), ONGC (5.56%), Adani Enterprises (5.53%), Bajaj Finance(5.23%), Tata Consumer Products (3.33%).
  • Kay Cee Energy & Infra stock lists at 366% premium to IPO price on NSE SME.
  • The SME IPO of Kaushalya Logistics was subscribed 390 times at close.
  • India’s services sector growth surges to three-month high, cost inflation hits 40-month low.
  • Nifty Realty Index gained by 98% in 2023.
  • Inflation in the euro zone climbed to 2.9% in December, up from 2.4% fueling rate-cut debates.
Startup, M&A Deals
  • Dairy brand Country Delight raised $20 million from Temasek, Seviora Capital and Venturi Partners.
  • Wiz Freight raised $11.24 million from SBI Investments, Tiger Global, Nippon Express Fund, and Axilor Technologies Fund.
  • Captain Fresh raised $13.25 million from Nekkanti Sea Foods and Shakti Finvest.
  • Food and beverage chain VRO Hospitality raised $10 million from Axis Bank, Gruhas, UC Inclusive Credit, NB Ventures and angel investors.
  • Ansa Folding Carton acquires majority stake in Rich Printers for Rs117 crore.

 

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Economy & Market, Insights

Market Recap – Weekly Update (December 16, 2023)

Market Recap: Weekly Update

(December 16, 2023)

YTD refers the Returns from January 1, 2023 till December 15, 2023

Weekly Change

YTD

Nifty
21,456.65

2.3%

INR 18.51%
USD 18.2%

Sensex

71,483.75

2.18%

INR 17.49 %
USD 17.2 %

Bank Nifty

48,143.55

1.85%

INR 12%
USD 11.72%

NASDAQ 100
16,623.45

3.45%

53.03%

S&P 500
4,719.19

2.74%

23.41 %

Index Valuation and Earning

Index

P/E Ratio

EPS

Nifty 50

22.9

936.2

Nifty Bank

16.5

2916

Nifty Financial Services

18.6

1155

Nifty IT

30.1

1187.6

Nifty Auto

25.4

711.3

Nifty FMCG

44.1

1227.9

Nifty Healthcare

37.6

273.9

Nifty Pharma

32.6

496.5

Nifty Consumer Durables

67.2

451.3

Exchange Rates, Brent Crude & Gold

Closing Price

Weekly Change

USD/INR

83.04

-0.36%

EUR/INR

90.59

0.97%

EUR/USD

1.09

1.2%

Brent Crude

76.89

-0.77%

Gold (USD/OZ)

2019.9

0.77%

Gold (INR/10G)

24 caret

64,210

Delhi

0.14%

FII and DII Weekly Trading Data

FII

Gross Purchases

104,779

Gross Sales

85,920.66

Net Purchases / Sales

18,858.34

DII

Gross Purchases

52,621.01

Gross Sales

55,213.36

Net Purchases / Sales

2,592.35

 

Key Market Updates
  • Nifty 50 top gainers: HCL Technologies (9.32%), LTIMindtree (7.37%), Hindalco Indus. (7.09%), NTPC (7.03%), Tech Mahindra (6.59%).
  • U.S. Federal Reserve, RBI keeps interest rates unchanged.
  • Doms Industries IPO: Issue subscribed 93.4 times, generating bids worth Rs 65,293 crore.
  • IPO of India Shelter Finance Corporation, which also concluded on Friday, was subscribed nearly 37 times.
  • IPO of Inox India was subscribed seven times on the penultimate day of its issue.
  • Indian exports declined 2.8 per cent year-on-year to $33.9 billion in November, while imports dipped 4.3 per cent to $54.5 billion, leading to the narrowing of the trade deficit at $20.6 billion.
Startup, M&A Deals
  • Sports company Agilitas Sports raised Rs 100 crore (about $12 million) from Nexus Venture Partners.
  • Menswear fashion brand Snitch‎ raised Rs 110 crore (about $13.2 million) from SWC Global and IvyCap Ventures Advisors Private Limited.
  • EV startup Exponent Energy raised $26.4 million from Eight Roads Ventures and TDK Ventures.
  • B2B e-commerce startup Udaan raised $340 million from M&G Plc, Lightspeed, and DST in an equity and debt transaction.
  • Aye Finance raised Rs 310 crore (about $37.2 million) from British International Investment (BII), The Waterfield Fund of Funds, and A91 Partners.
  • Mirae Asset acquires Sharekhan for ₹3000 crore.

Checkout the last week’s Market trends here: Market Recap (December 9, 2023)

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

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Economy & Market, Insights

Market Recap – Weekly Update (December 9, 2023)

Market Recap: Weekly Update

(December 9, 2023)

YTD refers the Returns from January 1, 2023 till December 8, 2023

Weekly Change

YTD

Nifty
20,969.40

1.97%

INR 15.82%
USD 15%

Sensex
69,825.60

2.01%

INR 14.77 %
USD 13.95 %

Bank Nifty
47,262.00

3.46%

INR 9.95%
USD 9.16%

NASDAQ 100
16,084.69

1.52%

48.07%

S&P 500
4,604.37

0.88%

20.04 %

Index Valuation and Earning

Index

P/E Ratio

EPS

Nifty 50

22.4

935.7

Nifty Bank

16.2

2915.6

Nifty Financial Services

18.4

1155.4

Nifty IT

28.1

1187.5

Nifty Auto

25

711.3

Nifty FMCG

43.7

1227.9

Nifty Healthcare

37.6

273.9

Nifty Pharma

32.6

496.6

Nifty Consumer Durables

67.3

451.3

Exchange Rates, Brent Crude & Gold

Closing Price

Weekly Change

USD/INR

83.43

0.02%

EUR/INR

89.88

-0.55%

EUR/USD

1.08

-0.9%

Brent Crude

75.95

-2.98%

Gold (USD/OZ)

2,004.5

-3.22%

Gold (INR/10G)

24 caret

64,210

Delhi

-0.19%

FII and DII Weekly Trading Data

FII

Gross Purchases

80,996.54

Gross Sales

71,711.43

Net Purchases / Sales

9,285.11

DII

Gross Purchases

58,978.53

Gross Sales

54,652.06

Net Purchases / Sales

4,326.47

 

Key Market Updates
  • Nifty 50 top gainers: Adani Ports & Special Economic Zone (23.57%), Adani Enterprises (19.45%), Power Grid Corporation (8.75%), SBI (7.42%), Bharat Petroleum (7.41%).
  • The OPEC+ agreed last week to new voluntary cuts of about 2.2 million barrels per day, led by Saudi Arabia and Russia.
  • The Indian economy grew 7.6% during the July-September quarter for fiscal 2023-24 (Q2FY24).
  • The Year 2023 has been a fantastic year for IPO investors, with its top 10 listing IPOs reporting an average listing gain of 83.2%.
  • RBI, Bank of England sign MoU on co-operation and information exchange related to CCIL.
Startup, M&A Deals
  • CoreEL Technologies has raised $16 million from 360 ONE Asset Management.
  • D2C startup The Sleep Company raised $22 million from Premji Invest and Fireside Ventures.
  • Dairy fintech startup Digivriddhi Technologies raised $6 million from Omidyar Network India, Omnivore and InfoEdge Ventures.
  • Gen AI startup Sarvam AI raised $41 million in Series A round led by Lightspeed Venture Partnersand supported by Peak XV Partners and Khosla Ventures.
  • PCBL board okays buyout of Pune-based Aquapharm Chemicals for ₹3,800 crore.
  • Jubilant FoodWorks to acquire the remaining 51.16% of DP Eurasia for €73.36 million via a subsidiary.

Check out the last week’s Market trends here: Market Recap (December 2, 2023)

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

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Check out: Market Recap – Weekly Update (December 16, 2023)
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