Market Recap: Weekly Update
(March 16, 2024)
YTD refers the Returns from January 1, 2024 till March 15, 2024
Weekly Change | YTD | |
Nifty | -2.06% | INR 1.34 % |
Sensex | -1.82% | INR 0.56 % |
Bank Nifty | -2.35 % | INR -3.52 % |
NASDAQ 100 | -0.84% | 7.64 % |
S&P 500 | 0.1% | 7.89 % |
Index Valuation and Earning
Index | P/E Ratio | EPS |
Nifty 50 | 22.7 | 968.5 |
Nifty Bank | 15.5 | 3011.9 |
Nifty Financial Services | 17.2 | 1198.9 |
Nifty IT | 32.1 | 1,169 |
Nifty Auto | 25.8 | 782 |
Nifty FMCG | 43.3 | 1252.1 |
Nifty Healthcare | 40.3 | 290.4 |
Nifty Pharma | 35.7 | 523.7 |
Nifty Consumer Durables | 70.3 | 449.4 |
Exchange Rates, Brent Crude & Gold
Closing Price | Weekly Change | |
USD/INR | 82.89 | 0.13% |
EUR/INR | 90.31 | -0.19% |
EUR/USD | 1.09 | -0.3% |
Brent Crude | 84.7 | 4.55% |
Gold (USD/OZ) | 2171 | -0.87% |
Gold (INR/10G) 24 caret | 67,160 Delhi | -0.51% |
FII and DII Weekly Trading Data
FII
Gross Purchases | 141,708.58 |
Gross Sales | 142,525.49 |
Net Purchases / Sales | 816.91 |
DII
Gross Purchases | 67,517.50 |
Gross Sales | 53,370.00 |
Net Purchases / Sales | 14,147.50 |
Key Market Updates
- Nifty 50 top gainers: TCS (2.69%), Britannia (1.74%), Bharti Airtel (1.69%), Nestle India (1.67%), HDFC Life Insurance (1.67%).
- The Nifty Midcap 150 index & Nifty Small Cap 250 index registered losses of – 4.1% and – 5.9%.
- The Indian government on Friday raised the windfall tax on petroleum crude to Rs 4,900 a tonne from Rs 4,600.
- U.S. CPI Unexpectedly rises to 3.2% Annual Pace in February.
- Indian government reduced import duty on electric vehicles to 15% with conditions under the new EV policy.
- India’s February trade deficit widens to $18.71 billion, exports at an 11-month high.
Startup, M&A Deals
- Fintech startup FREED raised $7.5 million from Sorin Investments and Multiply Ventures and Piper Serica.
- SaaS fintech startup Perfios raised $80 million from Teachers’ Venture Growth (TVG) at a valuation of more than $1 billion.
- AI-driven dermatology platform CureSkin raised $20 million from Healthquad, JSW Ventures, Khosla Ventures, and Sharrp Ventures.
- Lohum, a lithium-ion pack battery maker raised $54 million from Singularity Growth, Baring Private Equity, Cactus Venture Partners, and Venture East.
- BlackSoil NBFC raised equity of about $12 million from existing Indian investors and family offices.
- Geriatric care service provider KITES Senior Care raised $7.8 million led by Dr Ranjan Pai’s Manipal Education and Medical Group (MEMG) Family Office Fund.
Checkout the last week’s Market trends here: Market Recap (Mar 2, 2024)
Subscribe to our newsletter and follow us on Instagram, Facebook, and LinkedIn to get the weekly update.
Cover Image Source: Freepik
