Market Recap: Weekly Update
(August 26, 2023)
YTD refers the Returns from January 1, 2023 till August 26, 2023
Weekly Change | YTD | |
Nifty | -0.5% | INR - 6.41% |
Sensex | -0.24% | INR - 6.65% |
Bank Nifty | 0.62% | INR - 2.9% |
NASDAQ 100 | 1.22% | 37.55% |
S&P 500 | 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)
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