Market Recap: Weekly Update
(January 27, 2024)
YTD refers the Returns from January 1, 2024 till January 26, 2024
Weekly Change | YTD | |
Nifty | -1.07% | INR -1.74% |
Sensex 70,700.67 | -1.12% | INR -2.13 % |
Bank Nifty 44,866.15 | -2.69% | INR -7.09 % |
NASDAQ 100 | 0.62% | 5.3 % |
S&P 500 | 1.01% | 3.12 % |
Index Valuation and Earning
Index | P/E Ratio | EPS |
Nifty 50 | 22.3 | 958.8 |
Nifty Bank | 14.8 | 3023.3 |
Nifty Financial Services | 16.8 | 1199.2 |
Nifty IT | 30.7 | 1190.7 |
Nifty Auto | 26.3 | 707.5 |
Nifty FMCG | 44.3 | 1246.9 |
Nifty Healthcare | 40.1 | 276.5 |
Nifty Pharma | 35 | 501.5 |
Nifty Consumer Durables | 68.4 | 453.9 |
Exchange Rates, Brent Crude & Gold
Closing Price | Weekly Change | |
USD/INR | 83.124 | 0.005% |
EUR/INR | 90.3 | -0.1% |
EUR/USD | 1.085 | -0.42% |
Brent Crude | 82.28 | 6.24% |
Gold (USD/OZ) | 2,018.71 | -0.538% |
Gold (INR/10G) 24 caret | 64,160 Delhi | -0.14% |
FII and DII Weekly Trading Data
FII
Gross Purchases | 87,901.81 |
Gross Sales | 100,096.19 |
Net Purchases / Sales | 12,194.38 |
DII
Gross Purchases | 42,700.93 |
Gross Sales | 32,998.97 |
Net Purchases / Sales | 9,701.96 |
Key Market Updates
- Nifty 50 top gainers: Bajaj Auto (7.08%), Cipla (4.06%), Dr. Reddy’s Labs (3.91%), Power Grid Corporation of India Ltd. (3.5%), Bharti Airtel (3.27%).
- India’s direct tax-GDP ratio rises to 15-year high of 6.11% during FY23
- Vedanta Ltd’s consolidated net profit dropped by 18.30% to Rs 2,013 crore in the December 2023 quarter, while consolidated revenue rose 3.76% to Rs 34,968 crore.
- YES Bank Q3 Results: PAT soars 4x YoY to Rs 231 crore, NII rises 2.4%.
- PNB Q3 results: Net profit rises three fold to Rs 2,222 crore. Total income rose 16% to Rs 29,962 crore in the December 2023 quarter.
- Tata Steel Q3 results: Net profit at ₹522 crore, revenue down 3% YoY.
Startup, M&A Deals
- Ecofy, an NBFC that focuses on supporting green projects raised $10.8 million from FMO, a Dutch Entrepreneurial development bank.
- Ola Founder Bhavish Aggarwal’s Large Language Model (LLM) startup Krutrim has raised $50 million from Matrix Partners and others at a valuation of $1 billion.
- IBS Software acquires APS for $90 million, focuses on growth in hospitality sector.
- Nazara Technologies picks up 10.77% stake in Kofluence for Rs 32.42 cr.
- DMI group acquires BNPL startup ZestMoney in a distress sale deal.
Checkout the last week’s Market trends here: Market Recap (January 20, 2024)
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