Market Recap: Weekly Update
(October 21, 2023)
YTD refers the Returns from January 1, 2023 till October 20, 2023
Weekly Change | YTD | |
Nifty | -0.9% | INR 7.54% |
Sensex | -1.18% | INR 7.49% |
Bank Nifty | -0.94% | INR 1.71% |
NASDAQ 100 | -3.28% | 34.05% |
S&P 500 | -2.72% | 10.46% |
Index Valuation and Earning
Index | P/E Ratio | EPS |
Nifty 50 | 21.7 | 901.4 |
Nifty Bank | 15.5 | 2813.6 |
Nifty Financial Services | 17.7 | 1110.2 |
Nifty IT | 26 | 1209 |
Nifty Auto | 26 | 634.5 |
Nifty FMCG | 42.8 | 1210.3 |
Nifty Healthcare | 36 | 264.5 |
Nifty Pharma | 31.9 | 473.7 |
Nifty Consumer Durables | 62.7 | 457.4 |
Exchange Rates, Brent Crude & Gold
Closing Price | Weekly Change | |
USD/INR | 83.24 | -0.13% |
EUR/INR | 88.27 | -0.65% |
EUR/USD | 1.0593 | 0.8% |
Brent Crude | 92.43 | 1.54% |
Gold (USD/OZ) | 1977.75 | 2.32% |
Gold (INR/10G) 24 caret | 62,515 Delhi | 3.9% |
FII and DII Weekly Trading Data
FII
Gross Purchases | 49,040.47 |
Gross Sales | 51,839.55 |
Net Purchases / Sales | 2799.08 |
DII
Gross Purchases | 35,517.10 |
Gross Sales | 32,006.13 |
Net Purchases / Sales | 3,510.97 |
Key Market Updates
- Nifty 50, Top gainers -Bajaj Auto (7.49%), Tata Motors (4.12%), Hero MotorCorp (3.98%), Cipla (3.65%), IndusInd Bank (3.15%).
- ITC Q2 Results: Net profit rises 10% to Rs 4,927 cr, revenue rises 3% to Rs 17,160 cr.
- Paytm Q2 Results: Net loss shrinks to ₹291 crore, revenue up 32% to ₹2,519 crore.
- Avenue Supermarts revenue increased 18.66% year-on-year to Rs 12,624.37 crore, net profit slips 9.09% to Rs 623.35 cr.
- JSW Energy Q2 results: Net profit rises 83% YoY to ₹850 crore, reports highest ever quarterly EBITDA, revenue at 3387cr.
- Bandhan Bank Q2 Results: Net profit up 244% YoY at Rs 721 crore, Provisions higher QoQ, NPAs worsen.
- ICICI Bank Q2 results: Net profit rises 35.8% YoY at ₹10,261 crore, NII increase by 23.8% at ₹18,308 crore.
- Yes Bank Q2FY24 results: Net profit up 47.4% YoY to ₹225 crore, NIM dips.
- Kotak Mahindra Bank Q2 results: Total income rise 36% to Rs 13,507.40 cr, PAT surges by 24%.
- IDBI Bank Q2 results: Net profit jumps 60% to Rs 1,323 cr on declining NPAs.
- CG Power Standalone September 2023 Net Sales at Rs 1,900.14 crore, up 19.65% Y-o-Y.
- Glenmark Life Sciences Q2 results: Net profit rises over 11% to Rs 119 crore.
- RBL Bank Q2 results: Net profit rises 46% YoY to ₹294 crore, net interest income up by 26%.
- Central Bank of India Q2 result: Net profit rises 90% YoY to ₹605 crore on strong NII, net NPA down to 1.64%.
Startup, M&A Deals
- Zetwerk Raises $120 Mn From Avenir, Lightspeed.
- Wealth and asset management startup Neo bags $35 million in funding from Peak XV Partners
- Bajaj Finance acquires 26% stake in Pennant Technologies for ₹267.50 crore.
- Faering Capital invests $30 million in Vastu Housing Finance.
- Indian space start-up Agnikul raises additional $27 million to launch its first rocket.
- Binny Bansal-Backed VideoVerse Acquires AI-Powered Graphics Engine Optikka.
Checkout the last week’s Market trends here: Market Recap (October 14, 2023)
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Cover Image Source: Freepik Read Market Recap – Weekly Update (October 28, 2023)
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