Trendlyne Analysis Broker Research reports

The total value of credit card transactions rose 25.7% YoY to Rs 1,49,601.7 crore in February 2024. The number of cards outstanding also increased by 20.7% YoY. Private sector banks grew by 35% YoY in terms of value of transactions.

India's total wireless subscriber base increased by 22.2 lakh subscribers MoM on a net basis, reaching 116.1 crore in January.

In March, automobile wholesales of listed companies grew by 2% YoY to 14 lakh units. Exports rose by 33.9% YoY to 2.8 lakh units. Domestic two-wheeler wholesales of listed companies increased by 1.4% YoY to 9.7 lakh units, while passenger vehicles rose by 14.4% YoY to 2.4 lakh units.

Economies worldwide have been fire-fighting inflation, but a multiplicity of crises have fuelled price increases in a key input – crude oil. The Red Sea attacks, Ukraine drones targeting Russian refineries, and OPEC production cuts have strained crude supplies.

The total number of passengers carried by domestic airlines increased by 4.8% YoY in February 2024 to 126.5 lakh. Total departures by scheduled carriers rose marginally by 0.7% YoY to 82,291.

Private insurers sold 7.8 lakh policies in February 2024, while LIC sold 17.2 lakh schemes. The first-year premium of private insurers grew by 27.8% YoY to Rs 14,017.2 crore in the same period. While LIC's premium rose YoY to Rs 19,896 crore, its market share jumped by 670 bps YoY.

The total value of credit card transactions rose by 30.3% YoY to Rs 1,66,847.6 crore in January 2024. The number of cards outstanding increased by 20.7% YoY. Private sector banks grew by 27.2% YoY in terms of the value of transactions.

In February 2024, Consumer Price Index (CPI) inflation remained constant, while Wholesale Price Index (WPI) inflation fell. The Purchasing Managers' Index (PMI) indicated growth compared to the previous month. Industrial production rose YoY in January 2024. The unemployment rate rose in February 2024. Foreign Institutional Investment (FII) outflows contracted, and mutual fund outflows surged. Crude oil prices rose, while consumption fell.

The automobile industry's overall retail sales fell by 4.6% YoY in February 2024 to 20.3 lakh units. Two-wheeler retail sales dropped by 1.3% YoY to around 14.4 lakh units, while car retail sales decreased by 16.1% YoY to 3.3 lakh units.

All segments of the industry observed a YoY decline during this period.

The total number of passengers carried by domestic airlines increased by 4.7% YoY in January 2024 to 131.3 lakh. Total departures by scheduled carriers declined by 4.6% YoY to 84,491.