Market Recap: Weekly Update
(October 14, 2023)
YTD refers the Returns from January 1, 2023 till October 13, 2023
Weekly Change | YTD | |
Nifty | 1.25% | INR -9.09% |
Sensex | 0.86% | INR - 8.94% |
Bank Nifty | 1.03% | INR - 3.03% |
NASDAQ 100 | 0.83% | 38.04% |
S&P 500 | 0.9% | 13.17% |
Index Valuation and Earning
Index | P/E Ratio | EPS |
Nifty 50 | 22.3 | 884.5 |
Nifty Bank | 16.3 | 2720.4 |
Nifty Financial Services | 18.5 | 1073.5 |
Nifty IT | 26.6 | 1194.4 |
Nifty Auto | 26 | 631.8 |
Nifty FMCG | 43.4 | 1210.2 |
Nifty Healthcare | 36.4 | 264.5 |
Nifty Pharma | 32.2 | 473.7 |
Nifty Consumer Durables | 63.8 | 457.3 |
Exchange Rates, Brent Crude & Gold
Closing Price | Weekly Change | |
USD/INR | 83.12 | -0.29% |
EUR/INR | 88.12 | 0.9% |
EUR/USD | 1.06 | 1.15% |
Brent Crude | 84.40 | -8.73% |
Gold (USD/OZ) | 1831.66 | -0.92% |
Gold (INR/10G) 24 caret | 59,300 Delhi | -2.24% |
FII and DII Weekly Trading Data
FII
Gross Purchases | 46,360.99 |
Gross Sales | 48,560.98 |
Net Purchases / Sales | 48,560.98 |
DII
Gross Purchases | 33,759.45 |
Gross Sales | 29,821.79 |
Net Purchases / Sales | 3,937.66 |
Key Market Updates
- Nifty 50, Top gainers -Tata Motors Ltd. (7.17%), Coal India (7%), Tata Consumer Products Ltd. (4.41%), Grasim Industries (4.17%), Maruti Suzuki (4.13%).
- HDFC Life Reports 15% Profit Growth in Q2 FY24.
- TCS Q2 Results: Net profit rises 8.7% on year to ₹11,342 crore.
- HCL Tech Q2 Results: Net profit rises 9.8% to ₹3,832 crore, revenue up 8% YoY
- Infosys Q2 net profit jumps 3% to Rs 6,212 crore; firm declares dividend of Rs 18 per share.
- HDFC AMC Q2 results: Net profit rises 20%, revenue grows 18%
- Gold roars above $1,900 as Middle East tensions deepen.
Startup, M&A Deals
- Zolve raises $100M in warehouse financing from Community Investment Management.
- InsuranceDekho raises $60 million led by Beams Fintech Fund.
- Insurtech startup Onsurity raises $24 million led by IFC.
- Krutrim SI Designs has received $24 million debt from Matrix Partners.
- Virbac acquires Globion, an Indian specialist in poultry vaccines.
- Birla Carbon completes acquisition of Nanocyl, to drive growth in battery materials.
Checkout the last week’s Market trends here: Market Recap (October 7, 2023)
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Cover Image Source: Freepik Read Market Recap – Weekly Update (October 21, 2023)
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