Market Recap: Weekly Update
(September 30, 2023)
YTD refers the Returns from January 1, 2023 till September 29, 2023
Weekly Change | YTD | |
Nifty | -0.08% | INR - 8.47% |
Sensex | -0.32% | INR - 8.2% |
Bank Nifty | -0.06% | INR - 3.72% |
NASDAQ 100 | 0.36% | 35.47% |
S&P 500 | -0.52% | 12.13% |
Index Valuation and Earning
Index | P/E Ratio | EPS |
Nifty 50 | 22.2 | 884.2 |
Nifty Bank | 16.4 | 2720.2 |
Nifty Financial Services | 18.5 | 1073.2 |
Nifty IT | 26.7 | 1188.6 |
Nifty Auto | 25.6 | 632 |
Nifty FMCG | 42.6 | 1210.2 |
Nifty Healthcare | 36.8 | 264.5 |
Nifty Pharma | 32.6 | 473.8 |
Nifty Consumer Durables | 63.3 | 457.3 |
Exchange Rates, Brent Crude & Gold
Closing Price | Weekly Change | |
USD/INR | 83.18 | 0.1% |
EUR/INR | 88.06 | -0.47% |
EUR/USD | 1.057 | -0.64% |
Brent Crude | 92.13 | -0.12% |
Gold (USD/OZ) | 1,848.76 | -3.99% |
Gold (INR/10G) 24 caret | 59,635 Delhi | -2.08% |
FII and DII Weekly Trading Data
FII
Gross Purchases | 47,606.37 |
Gross Sales | 56,037.14 |
Net Purchases / Sales | 8430.77 |
DII
Gross Purchases | 48,450.83 |
Gross Sales | 40,307.55 |
Net Purchases / Sales | 8,143.28 |
Key Market Updates
- Nifty 50 Top Gainers: Bajaj Finance (4.55%), Coal India (4.18%), ONGC (3.65%), Larson & Toubro (3.6%), NTPC (3.19%).
- 6 Of Top 10 Nifty Losers This Week Are IT Stocks (Tech Mah, Infy, LTIM, Wipro, HCL)
- 10, 30-year US Treasury yields end at fresh highs(4.558%, 4.695%) since 2007, 2011.
- Gold price hits two month low on soaring US dollar rates.
- The Indian government increased windfall tax on petroleum crude, while reduced it on aviation turbine fuel and diesel.
- India’s fiscal deficit hits 36% of full-year target in first five months of 2023-24.
Startup, M&A Deals
- Healthtech startup Doceree raised $35 million from Creaegis, Eight Roads Ventures, and F-Prime Capital.
- D2C brand Pilgrim raised $20 million from Vertex Ventures Southeast Asia and India, Fireside Ventures, and Narotam Sekhsaria Family Office.
- Speciality brand Third Wave Coffee raised $35 million in a Series C funding round led by Creaegis with participation from existing investors.
- Saregama acquires majority stake in Pocket Aces, a digital entertainment company for $20 million.
- Apollo Hospitals acquires 325-bed Future Oncology in Kolkata for $12.2 million.
Checkout the last week’s Market trends here: Market Recap (September 23, 2023)
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