Market Recap: Weekly Update
(April 13, 2024)
YTD refers the Returns from January 1, 2024 till April 12, 2024
Weekly Change | YTD | |
Nifty | 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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