Market Recap: Weekly Update
(February 24, 2024)
YTD refers the Returns from January 1, 2024 till February 23, 2024
Weekly Change | YTD | |
Nifty 22,212.70 | 0.64% | INR 2.21% |
Sensex 73,142.80 | 1.13% | INR1.25% |
Bank Nifty 46,384.85 | 0.84% | INR -3.05% |
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, 2024)
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