Market Recap: Weekly Update
(January 20, 2024)
YTD refers the Returns from January 1, 2024 till January 19, 2024
Weekly Change | YTD | |
Nifty | -2.21% | INR -0.68% |
Sensex 71,499.65 | -2.02% | INR -1.03 % |
Bank Nifty 46,106.55 | -4.09% | INR -4.53 % |
NASDAQ 100 | 2.93% | 4.65 % |
S&P 500 | 1.01% | 2.04 % |
Index Valuation and Earning
Index | P/E Ratio | EPS |
Nifty 50 | 22.8 | 945.8 |
Nifty Bank | 15.4 | 2996 |
Nifty Financial Services | 17.3 | 1189 |
Nifty IT | 29.7 | 1194.2 |
Nifty Auto | 26.4 | 706.2 |
Nifty FMCG | 45.6 | 1226.7 |
Nifty Healthcare | 40.2 | 272.3 |
Nifty Pharma | 35 | 492 |
Nifty Consumer Durables | 70.2 | 450.5 |
Exchange Rates, Brent Crude & Gold
Closing Price | Weekly Change | |
USD/INR | 83.12 | 0.3% |
EUR/INR | 90.73 | -0.15% |
EUR/USD | 1.09 | -0.37% |
Brent Crude | 77.75 | -0.72% |
Gold (USD/OZ) | 2,029.63 | -0.95% |
Gold (INR/10G) 24 caret | 64,250 Delhi | -0.43% |
FII and DII Weekly Trading Data
FII
Gross Purchases | 75,305.89 |
Gross Sales | 97,732.97 |
Net Purchases / Sales | 22,427.08 |
DII
Gross Purchases | 64,612.01 |
Gross Sales | 53,179.97 |
Net Purchases / Sales | 11,432.04 |
Key Market Updates
- Nifty 50 top gainers: ONGC (8.35%), Tech Mahindra (5.93%), Apollo Hospitals (5.64%), Bharat Petroleum (5.42%), Coal India (4.64%).
- ICICI Bank Q3 Results: PAT jumps 24% YoY to Rs 10,272 crore, beats estimates. Its net interest income (NII) increased by 13.4% YoY to Rs 18,678 crore in Q3.
- Kotak Mahindra Bank Q3 Results: PAT rises 8% YoY to Rs 3,005 crore, but trails estimates.
- Reliance Q3 Results : Net profit rises 11% to Rs 19,641 crore. Consolidated revenues at Rs 248,160 crore, up 3.2% YoY.
- Polycab India Q3 results: Net profit up 15% to Rs 416 crore. Net sales for the quarter stood at Rs 4,340.47 crore, up 16.8 percent from a year ago.
- HUL Q3 Results: PAT rises just 0.6% YoY to Rs 2,519 crore, trails estimate. Revenue from operations fell 0.3% YoY to Rs 15,188 crore.
Startup, M&A Deals
- Fintech startup FinAGG Technologies raised $11 million from Tata Capital, Blue Orchard, SIDBI, Prime Venture Partners, and Gray Matter Capital.
- Wow! Momo Foods raised $49 million from Khazanah Nasional Berhad and OAKS Asset Management.
- EV startup ALT Mobility raised $6 million from Shell Ventures, Eurazeo, EV2 Ventures, Twynam, UC Inclusive, Piper Serica, Pitchright, and LetsVenture.
- Aquaculture technology startup AquaExchange raised $6 million from Ocean 14 Capital, Endiya Partners, and Accion Venture Labs.
- Manufacturing automation startup Groyyo raised $5.4 million from Lighthouse Canton and Trifecta Capital.
Checkout the last week’s Market trends here: Market Recap (January 13, 2024)
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