Market Recap: Weekly Update
(February 3, 2024)
YTD refers the Returns from January 1, 2024 till February 2, 2024
Weekly Change | YTD | |
Nifty | 1.43% | INR 0.56% |
Sensex 72,085.63 | 0.92% | INR -0.21 % |
Bank Nifty 45,970.95 | 1.42% | INR -4.81% |
NASDAQ 100 | 1.17% | 6.64 % |
S&P 500 | 1.34% | 10.15 % |
Index Valuation and Earning
Index | P/E Ratio | EPS |
Nifty 50 | 22.5 | 970.8 |
Nifty Bank | 15.1 | 3042.4 |
Nifty Financial Services | 17 | 1170 |
Nifty IT | 31.9 | 1170 |
Nifty Auto | 26.8 | 723.4 |
Nifty FMCG | 43.8 | 1259.8 |
Nifty Healthcare | 40.7 | 279.6 |
Nifty Pharma | 35.5 | 505.7 |
Nifty Consumer Durables | 66.8 | 470.4 |
Exchange Rates, Brent Crude & Gold
Closing Price | Weekly Change | |
USD/INR | 83 | -0.23% |
EUR/INR | 89.69 | -0.1% |
EUR/USD | 1.08 | -0.1% |
Brent Crude | 76.91 | -6.7% |
Gold (USD/OZ) | 2,018.71 | 1.04% |
Gold (INR/10G) 24 caret | 64,795 Delhi | 1% |
FII and DII Weekly Trading Data
FII
Gross Purchases | 94,124.38 |
Gross Sales | 96,133.06 |
Net Purchases / Sales | 2,008.68 |
DII
Gross Purchases | 42,700.93 |
Gross Sales | 32,998.97 |
Net Purchases / Sales | 9,701.96 |
Key Market Updates
- Nifty 50 top gainers: Bharat Petroleum (17.70%), Power Grid Corporation (12.87%), Adani Ports & SEZ (10.07%), ONGC (9.91%), Adani Enterprises (9.12%).
- The Indian Government increased the windfall tax on petroleum crude to ₹3,200 per tonne from ₹1,700 per tonne.
- SBI Q3 reults: Net profit – Rs 9,163.96, down 35.4% (YoY)
- Net interest income: Rs 39,815.73, up 4.5% (YoY)
- Tata Motors Q3 results: Net profit jumps 2x to Rs 7,025 crore. Revenue surged 24.9 percent on-year to Rs 110,577 crore.
- IndiGo Q3 results: Profit more than doubles to Rs 2,998 crore. Revenue from operations increased by 30.26 per cent to Rs 19,452 crore.
- Delhivery Q3 results: Logistics firm turns profitable, revenue jumps by 20% YoY to ₹2,194 crore.
Startup, M&A Deals
- SaaS startup MoveInSync raised $15 million from Bessemer Venture Partners.
- EV ride-hailing startup BluSmart raised $25 million from Zurich-based impact-focused investor responAbility Investments.
- Logistics startup Wiz Freight raised Rs 125 crore ($15 million) from SBI Investment, Tiger Global, Nippon Express, Axilor Technologies Fund, Foundamental etc.
- Grow Indigo: The agritech startup raised $8 million as part of a funding round that saw participation from stakeholders Indigo Ag and Mahyco.
- p0: The AI-led cybersecurity startup raised $6.5 million from Lightspeed Venture Partners.
Checkout the last week’s Market trends here: Market Recap (January 27, 2024)
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