Market Recap: Weekly Update
(February 17, 2024)
YTD refers the Returns from January 1, 2024 till February 16, 2024
Weekly Change | YTD | |
Nifty 22,040.70 | 1.1% | INR 1.42% |
Sensex 72,426.64 | 1.42% | INR 0.26% |
Bank Nifty 46,384.85 | 1.77% | INR -3.95% |
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, 2024)
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Cover Image Source: Freepik
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