Market Recap – Weekly Update (August 26, 2023)

Market Recap: Weekly Update

(August 26, 2023)

YTD refers the Returns from January 1, 2023 till August 26, 2023

Weekly Change

YTD

Nifty
19,265.80

-0.5%

INR - 6.41%
USD - 6.8%

Sensex
64,886.51

-0.24%

INR - 6.65%
USD - 7.02%

Bank Nifty
44,231.45

0.62%

INR - 2.9%
USD - 3.26%

NASDAQ 100
14,941.83

1.22%

37.55%

S&P 500
4,405.71

0.58%

15.21%

Index Valuation and Earning

Index

P/E Ratio

EPS

Nifty 50

22

876.5

Nifty Bank

16.1

2754.1

Nifty Financial Services

18.2

1082.7

Nifty IT

26

1189

Nifty Auto

24.3

632.5

Nifty FMCG

43

1199.2

Nifty Healthcare

35.2

264.6

Nifty Pharma

31.7

474

Nifty Consumer Durables

61.7

455.2

Exchange Rates, Brent Crude & Gold

Closing Price

Weekly Change

USD/INR

82.55

-0.67%

EUR/INR

89.11

-1.59%

EUR/USD

1.08

-0.94%

Brent Crude

83.72

-1.1%

Gold (USD/OZ)

1,914.23

-0.03%

Gold (INR/10G)

24 caret

60,450

Delhi

-0.44%

FII and DII Weekly Trading Data

FII

Gross Purchases

50,270.75

Gross Sales

-55,166.04

Net Purchases / Sales

-4,895.29

DII

Gross Purchases

41,066.66

Gross Sales

-32,510.67

Net Purchases / Sales

8,495.99

 

Key Market Updates
  • Among the Nifty50 stocks, top gainers include Bajaj Finance Ltd, Axis Bank Ltd, Asian Paints Ltd, Bajaj Finserv Ltd, Hindalco Industries Ltd.
  • The Indian rupee appreciated against the US dollar due to a weakened dollar, positive domestic markets, and a decline in crude oil prices.
  • Procter & Gamble Health Q1 FY24 results: profit falls by 27.53% YOY.
  • USA Q2 results: 476 companies having reported (93.7% of market cap), the current estimate for Q2 2023 operating earnings per share is $55.09.72% of companies have beaten earnings estimates, and only 53% have beaten revenue expectations amidst slowing inflation.

 

PE/VC, M&A Deals
  • Education-focused fintech startup GradRight has secured Rs 50 crore ($6 million) in a Series A funding round from IvyCap Ventures.
  • Mom and baby care startup Superbottoms has secured $5 million from Lok Capital, Sharrp Ventures, DSG Consumer Partners, and Saama Capital.
  • Quick commerce startup Zepto secured a Series E funding of $200 million at a valuation of $1.4 billion from new and existing investors.
  • AI startup Kombai raised $4.5 million in a seed round led by Stellaris Venture Partners and Foundation Capital.
  • CEVA Logistics, a wholly owned unit of Marseille, France-based CMA CGM Group, which runs the world’s third biggest container line, acquired Stellar Value Chain Solutions.

 

Check the last week Market update here: Market Recap (August 23, 2023)

Subscribe to our newsletter and follow us on InstagramFacebook, and LinkedIn to get the weekly update.

1 Comment

Comments are closed.

Open a Demat account with

– No. 1 Broker in India
– For Indian Stocks & MFs
– For Residents & NRIs
– Flat Brokerage per Order
– Best User Experience

OPEN ACCOUNT

Start investing in

– Start-Ups with Revenue
– Early & Growth Stages
– All Sectors
– Seed Stage to Series B
– Moderate to High Risk
– 3X to 10X Potential

REGISTER NOW
Privacy Settings
We use cookies to enhance your experience while using our website. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. We also use content and scripts from third parties that may use tracking technologies. You can selectively provide your consent below to allow such third party embeds. For complete information about the cookies we use, data we collect and how we process them, please check our Privacy Policy
Youtube
Consent to display content from - Youtube
Vimeo
Consent to display content from - Vimeo
Google Maps
Consent to display content from - Google
Spotify
Consent to display content from - Spotify
Sound Cloud
Consent to display content from - Sound
Cart Overview

Startup Investing

Zerodha Account

Request a Report

We will do our best to share it within 2 working days:

For e.g. 15th March '20 to 18th March '20