Market Recap: Weekly Update
(March 23, 2024)
YTD refers the Returns from January 1, 2024 till March 22, 2024
Weekly Change | YTD | |
Nifty 22,096.75 | 0.3% | INR 1.68 % USD 1.1 % |
Sensex 72,831.94 | 0.26% | INR 0.82 % USD 0.23 % |
Bank Nifty 46,863.75 | 0.5 % | INR -2.96 % USD -3.52 % |
NASDAQ 100 18,339.44 | 1.75% | 10.85 % |
S&P 500 5,234.18 | 1.54% | 10.35 % |
Index Valuation and Earning
Index | P/E Ratio | EPS |
Nifty 50 | 22.8 | 968.7 |
Nifty Bank | 15.6 | 3011.8 |
Nifty Financial Services | 17.3 | 1198.6 |
Nifty IT | 30.1 | 1,169 |
Nifty Auto | 26.9 | 782.1 |
Nifty FMCG | 43 | 1252.1 |
Nifty Healthcare | 40.8 | 290.4 |
Nifty Pharma | 35.9 | 523.8 |
Nifty Consumer Durables | 70.6 | 449.4 |
Exchange Rates, Brent Crude & Gold
Closing Price | Weekly Change | |
USD/INR | 83.59 | 0.75% |
EUR/INR | 90.80 | 0.74% |
EUR/USD | 1.09 | 0.03% |
Brent Crude | 84.98 | -0.11% |
Gold (USD/OZ) | 2,165.40 | -0.26% |
Gold (INR/10G) 24 caret | 68,050 Delhi | 0.87% |
FII and DII Weekly Trading Data
FII
Gross Purchases | 69,289.17 |
Gross Sales | 77,654.70 |
Net Purchases / Sales | 8,365.53 |
DII
Gross Purchases | 64,233.42 |
Gross Sales | 44,881.80 |
Net Purchases / Sales | 19,351.62 |
Key Market Updates
- Nifty 50 top gainers: Maruti Suzuki India (7.5%), Tata Steel (7.13%),
- Bajaj Auto (7.12%), Apollo hospitals (6.56%), Eicher Motors (6.48%).
- Rupee hits all-time low after sharpest weekly fall in 7 months due to aggressive local dollar demand.
- Nifty Midcap 150 index and Nifty Small cap 250 index gained 1.4% and 1.7% respectively.
- India’s foreign exchange reserves reached an all-time high of USD 642.492 billion, reflecting a $6.396 billion increase for the week ending March 15.
- The US Federal Reserve on Wednesday left the key lending rates unchanged at 5.25% – 5.50%.
- New Zealand slips into its second recession in 18 months as economy contracts.
Startup, M&A Deals
- Healthtech startup Ultrahuman raised $35 million from Blume Ventures, Steadview Capital, Nexus Venture Partners, Alpha Wave Incubation, and Deepinder Goyal.
- Audio entertainment platform Pocket FM raised $103 million from Lightspeed and Stepstone Group.
- Fintech Dvara KGFS raised $14.4 million from Impact Investment Exchange (IIX).
- Gaming studio Liquidnitro Games raised $5.25 million from Nexus Venture Partners and angel investors.
- Fintech startup Optimo Loan raised $10 million from Blume and Omnivore.
- Jumbotail raised $18.2 million from Artal Asia. Heron Rock, Sabre Investment, Arkham Ventures, Jarvis Reserve Fund, and Reaction Global.
Checkout the last week’s Market trends here: Market Recap (Mar 16, 2024)
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