Market Recap: Weekly Update
(May 18, 2024)
YTD refers the Returns from January 1, 2024 till May 17, 2024
Weekly Change | YTD | |
Nifty | 2.5 % | INR 3.54 % USD 3.3 % |
Sensex | 2.89% | INR 2.52 % USD 2.28 % |
Bank Nifty | 1.89% | INR -0.30% USD -0.54 % |
NASDAQ 100 | 1.74% | 12.1 % |
S&P 500 | 1.34% | 11.82 % |
Index Valuation and Earning
Index | P/E Ratio | EPS |
Nifty 50 | 21.5 | 1047.1 |
Nifty Bank | 14.7 | 3286.6 |
Nifty Financial Services | 16.1 | 1338.3 |
Nifty IT | 28 | 1194.2 |
Nifty Auto | 22.8 | 1024.2 |
Nifty FMCG | 44.5 | 1240.8 |
Nifty Healthcare | 40.2 | 301.4 |
Nifty Pharma | 35.5 | 539.8 |
Nifty Consumer Durables | 77.2 | 457.2 |
Exchange Rates, Brent Crude & Gold
Closing Price | Weekly Change | |
USD/INR | 83.3 | -0.2% |
EUR/INR | 90.76 | 0.7% |
EUR/USD | 1.09 | 0.9% |
Brent Crude | 84 | 3.33% |
Gold (USD/OZ) | 2415.02 | 2.31% |
Gold (INR/10G) 24 caret | 75,465 Delhi | 1.64% |
FII and DII Weekly Trading Data
FII
Gross Purchases | 64,134.08 |
Gross Sales | 74,691.05 |
Net Purchases / Sales | -10,556.97 |
DII
Gross Purchases | 63,590.54 |
Gross Sales | 49,027.49 |
Net Purchases / Sales | 14,563.05 |
Key Market Updates
- Nifty 50 top gainers: Mahindra & Mahindra (14.17%), Adani Enterprises (9.38%), L&T (5.89%), Adani Ports & Sez (5.80%), Hindalco Industries (5.55%).
- Nifty Small cap 250 Index & Nifty Midcap 150 Index had outperformed Nifty 50 Index by registering a gain of 4.55% & 4.48% respectively.
- JSW Steel reported a significant decline in net profit for Q4 2024, down 64.66% year-on-year to Rs 1,322 crore, while revenues remained nearly unchanged at Rs 46,269 crore.
- Godrej’s revenue from operations dropped by 5.87% year-on-year to Rs 4,567.27 crore in Q4 2024. Profit before tax declined by 82% to Rs 122.34 crore from Rs 678.72 crore in the same quarter last year.
- M&M Q4: The topline increased by 9.29% & the profit increased by 4.45% YoY.
- HAL Q4 net profit rises 52% to Rs 4,308 crore.The company’s revenue from operations jumped 18 percent to Rs 14,768.7 crore for the quarter ended March 2024
Startup, M&A Deals
- EV charging infrastructure startup Relux Electric raised $30 million from a group of private real estate and infrastructure investors.
- RED.HEALTH raised $20 million from Jungle Ventures, HealthQuad, HealthX, and Alteria Capital.
- Fintech Propelld raised over $25 million in debt from Credit Saison India, AU Small Finance Bank, InCred Financial Services, and Northern Arc Capital.
- Robotics startup Niqo Robotics raised $13 million from Bidra Innovation Ventures, Fulcrum Global Capital, and existing investor Omnivore.
- Celcius Logistics raised $4.7 million from IvyCap Ventures, Mumbai Angels, and Caret Capital.
- Drone startup Dhaksha Unmanned Systems raised $18 million from Coromandel International.
Checkout the last week’s Market trends here: Market Recap (May 11, 2024)
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