Market Recap: Weekly Update
(May 4, 2024)
YTD refers the Returns from January 1, 2024 till May 3, 2024
Weekly Change | YTD | |
Nifty | -0.57 % | INR 3.43 % USD 3.1 % |
Sensex | -0.65% | INR 2.27 % USD 1.92 % |
Bank Nifty | 0.63% | INR 2.27 % USD 1.92 % |
NASDAQ 100 | 0.5% | 8.14 % |
S&P 500 | 0.27 % | 8.12 % |
Index Valuation and Earning
Index | P/E Ratio | EPS |
Nifty 50 | 21.9 | 1027.7 |
Nifty Bank | 15.1 | 3242.1 |
Nifty Financial Services | 16.5 | 1319.5 |
Nifty IT | 27.7 | 1186.3 |
Nifty Auto | 26 | 866.6 |
Nifty FMCG | 42.5 | 1276.4 |
Nifty Healthcare | 41.5 | 290.1 |
Nifty Pharma | 36.9 | 518.8 |
Nifty Consumer Durables | 75.4 | 457.4 |
Exchange Rates, Brent Crude & Gold
Closing Price | Weekly Change | |
USD/INR | 83.38 | -0.02 % |
EUR/INR | 89.82 | 0.4 % |
EUR/USD | 1.08 | 0.5 % |
Brent Crude | 80.32 | -4.21 % |
Gold (USD/OZ) | 2,302.50 | -3.7 % |
Gold (INR/10G) 24 caret | 73,420 Delhi | -1 % |
FII and DII Weekly Trading Data
FII
Gross Purchases | 68,842.59 |
Gross Sales | 70,958.02 |
Net Purchases / Sales | -2,115.43 |
DII
Gross Purchases | 55,173.71 |
Gross Sales | 51,009.59 |
Net Purchases / Sales | 4164.12 |
Key Market Updates
- Nifty 50 top gainers: Mahindra & Mahindra (7.24%), Power Grid Corporation (6.36%), Grasim Industries (5.93%), Coal India (4.13%), SBI (3.76%).
- The Nifty Midcap 150 Index registered a rise of 0.67% outperforming the large cap index, while Nifty Small cap 250 Index slightly fell by (0.11)%
- Titan FY24 results: Revenue increasing by 26.06% from 40,575 crores to 51,084 crores, and net profit rose 6.77% from 3,274 crores to 3,496 crores.
- Britannia FY24: Britannia reported a 3.5 per cent rise in consolidated revenue at Rs 16,546 crore with an operating profit growth of 10.1% in a tepid consumption scenario.
- Utratech Cement FY24: The company’s consolidated net sales reached Rs 69,810 crore, marking a 12% year-on-year increase, while its profit after tax (PAT) surged to Rs 7,005 crores, reflecting a 38% growth.
- IOCL FY24:The company’s revenue was at Rs 776,352 cr, representing a decrease of approximately 7.77% from FY23, while its profit amounted to Rs 43,161 cr, indicating a significant increase of approximately 268.41% compared to FY23.
Startup, M&A Deals
- EV startup Charge Zone raised $19 million from a UK development finance institution and impact investor, British International Investment.
- Infinity Fincorp raised an additional $8 million from Archerman Capital in an extension to its recent $26 million funding round led by Jungle Ventures.
- Online pharmacy startup PharmEasy raised $216 million from Manipal Education and Medical Group (MEMG) and other existing investors.
- Packaged food startup Go DESi raised Rs 41 crore ($5 million) from Aavishkaar Capital, Rukam Capital, Roots Ventures, and DSG Consumer.
- Fintech startup BRISKPE has raised $5 million from PayU.
Checkout the last week’s Market trends here: Market Recap (Apr 27, 2024)
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