Trendlyne Analysis Broker Research reports

In April 2024, the total value of credit card transactions increased by 17.9% YoY, reaching Rs 1.6 lakh crore. Concurrently, the number of outstanding credit cards grew by 80.3% YoY. Private sector banks saw a 20.5% YoY rise in the value of transactions.

In May, automobile wholesales of listed companies grew marginally by 0.4% YoY to 14.1 lakh units. However, exports rose by 15.9% YoY to 2.5 lakh units. Domestic two-wheeler wholesales of listed companies declined by 2.4% YoY to 10 lakh units, while passenger vehicles rose by 5.1% YoY to 2.4 lakh units.

In April 2024, the total number of passengers carried by Indian domestic airlines increased 2.4% YoY to 132 lakh. However, total departures by scheduled carriers declined by 0.7% YoY to 86,245.

The values of loans, deposits, and CASA improved for most listed banks during Q4FY24, reaching their highest in the past five quarters. HDFC Bank remains at the top in bank operations.

Most of the steel manufacturing firms reported capacity utilisation of 90% and above for Q4FY24. Higher capacity utilisation has led to capacity expansion plans by Indian steel manufacturers. India's steel manufacturing capacity is expected to increase by 13.6% in FY25.

India's total wireless subscriber base increased by 85 lakh subscribers MoM on a net basis, reaching 116.6 crore in March.

Reliance Jio and Bharti Airtel gained subscribers, while Vodafone Idea and BSNL continued to lose subscribers YoY.

The IT services industry is at a crossroads, with the rise of new technology like artificial intelligence, and a slowdown in traditional spending from banking and financial clients. The Q4FY24 earnings of five major IT firms - Tata Consultancy Services (TCS), Infosys, HCL Technologies (HCL Tech), Wipro, and Tech Mahindra have shown a marked slowdown in their topline.

In April 2024, Consumer Price Index (CPI) inflation eased marginally, while Wholesale Price Index (WPI) inflation rose. The Purchasing Managers' Index (PMI) declined compared to the previous month.

The unemployment rate rose in April 2024. Foreign Institutional Investment (FII) and mutual funds witnessed inflows, compared to outflows in the previous month. Crude oil prices rose on a MoM basis.

In April 2024, private insurers sold 4.6 lakh policies, while LIC sold 8.6 lakh schemes. The first-year premium for private insurers grew by 16.4% YoY to Rs 7,861.1 crore. Meanwhile, LIC's first-year premium increased to Rs 12,383.6 crore, with its market share rising by 14.9 percentage points YoY.

Retail sales in the automobile industry rose by 26.7% YoY in April 2024, reaching 22.1 lakh units. Two-wheeler retail sales surged by 33.2% YoY to around 16.4 lakh units, while car sales increased by 15.9% YoY to 3.5 lakh units.