Market Recap: Weekly Update
(March 2, 2024)
YTD refers the Returns from January 1, 2024 till March 2, 2024
Weekly Change | YTD | |
Nifty | 0.89% | INR 2.98% |
Sensex | 1.35% | INR 2.17% |
Bank Nifty 47,286.90 | 0.96% | INR -2.08% |
NASDAQ 100 | 1.85% | 10.63% |
S&P 500 5,137.08 | 0.87% | 8.31% |
Index Valuation and Earning
Index | P/E Ratio | EPS |
Nifty 50 | 23.1 | 968.8 |
Nifty Bank | 15.7 | 3012.6 |
Nifty Financial Services | 17.4 | 1198.9 |
Nifty IT | 32.2 | 1,169 |
Nifty Auto | 26.8 | 782 |
Nifty FMCG | 43.5 | 1252.1 |
Nifty Healthcare | 40.9 | 290.4 |
Nifty Pharma | 36.1 | 523.7 |
Nifty Consumer Durables | 73.4 | 449.4 |
Exchange Rates, Brent Crude & Gold
Closing Price | Weekly Change | |
USD/INR | 82.85 | -0.05% |
EUR/INR | 89.93 | 0.04% |
EUR/USD | 1.9 | 0.93% |
Brent Crude | 82.5 | 3.02% |
Gold (USD/OZ) | 2,083.65 | 2.34% |
Gold (INR/10G) 24 caret | 65,405 Delhi | 2.06% |
FII and DII Weekly Trading Data
FII
Gross Purchases | 110,289.81 |
Gross Sales | 110,266.30 |
Net Purchases / Sales | 23.51 |
DII
Gross Purchases | 53,848.42 |
Gross Sales | 45,580.42 |
Net Purchases / Sales | 8,268.00 |
Key Market Updates
- Nifty 50 top gainers: L&T (8.02%), Tata Motors Ltd. (5.58%), Tata Steel (4.54%), Tata Consumer Products (4.02%), IndusInd Bank (3.22%)
- India’s forex reserves jumped by USD 2.975 billion to USD 619.072 billion for the week ended February 23.
- India’s GDP growth zooms to 8.4% in Q3; FY24 growth pegged at 7.6%.
- KSB Q3 results: Revenue from operations grew by 14.87% year on year to Rs 602.60 crore. PAT declined 1.78% to Rs 54.9 crore.
- Rashi Peripherals Q3 results: Profit fell by 11.3% to Rs 25.2 crore. Revenue grew by 21% to 2624 crores.
- Sanofi India Q3 results: Revenue grew 3.2% to reach 694 cr. PAT rose 5.34% to 138 QOQ.
Startup, M&A Deals
- Direct-to-consumer (D2C) luggage brand Mokobara raised Rs 100 crore ($12 million) from Peak XV Partners, Sauce VC, and Saama Capital.
- ZenoHealth, a medicine delivery platform, raised $25 million from Stic Investment and Lightbox.
- Fintech startup Mswipe Technologies raised $20 million from Alpha Wave Global, Matrix Partners, B Capital, DSG Consumer Partners, Epiq Capital, UC-RNT, and Ola.
- SaaS startup Capillary Technologies raised $95 million as part of its Series D round from a group of investors.
- Logistics startup Shadowfax raised $100 million from TPG NewQuest, Mirae Asset Venture, Flipkart, IFC, Nokia Growth Partners, Qualcomm, and Trifecta Capital.
- Kushal’s, a fashion and silver jewellery brand, raised Rs 284 crore ($34.2 million) from Lighthouse.
Checkout the last week’s Market trends here: Market Recap (Feb 24, 2024)
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