Market Recap: Weekly Update
(February 10, 2024)
YTD refers the Returns from January 1, 2024 till February 9, 2024
Weekly Change | YTD | |
Nifty 21,782.50 | 0.55% | INR 0.24% |
Sensex 71,595.49 | 1% | INR -0.89% |
Bank Nifty 45,634.55 | 0.54% | INR -5.50% |
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, 2024)
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