Market Recap: Weekly Update
(April 6, 2024)
YTD refers the Returns from January 1, 2024 till April 5, 2024
Weekly Change | YTD | |
Nifty | 0.09% | INR 3.6 % |
Sensex | 0.04% | INR 2.78 % |
Bank Nifty 48,493.05 | 0.76 % | INR 0.42 % |
NASDAQ 100 | -1.34% | 9.46 % |
S&P 500 | -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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