Market Recap – Weekly Update (February 3, 2023)

Market Recap: Weekly Update

(February 3, 2023)

YTD refers the Returns from January 1, 2024 till February 2, 2024

Weekly Change

YTD

Nifty
21,853.80

1.43%

INR 0.56%
USD -0.3%

Sensex

72,085.63

0.92%

INR -0.21 %
USD -1.05 %

Bank Nifty

45,970.95

1.42%

INR -4.81%
USD -5.61 %

NASDAQ 100
17,642.73

1.17%

6.64 %

S&P 500
4,958.61

1.34%

10.15 %

Index Valuation and Earning

Index

P/E Ratio

EPS

Nifty 50

22.5

970.8

Nifty Bank

15.1

3042.4

Nifty Financial Services

17

1170

Nifty IT

31.9

1170

Nifty Auto

26.8

723.4

Nifty FMCG

43.8

1259.8

Nifty Healthcare

40.7

279.6

Nifty Pharma

35.5

505.7

Nifty Consumer Durables

66.8

470.4

Exchange Rates, Brent Crude & Gold

Closing Price

Weekly Change

USD/INR

83

-0.23%

EUR/INR

89.69

-0.1%

EUR/USD

1.08

-0.1%

Brent Crude

76.91

-6.7%

Gold (USD/OZ)

2,018.71

1.04%

Gold (INR/10G)

24 caret

64,795

Delhi

1%

FII and DII Weekly Trading Data

FII

Gross Purchases

94,124.38

Gross Sales

96,133.06

Net Purchases / Sales

2,008.68

DII

Gross Purchases

42,700.93

Gross Sales

32,998.97

Net Purchases / Sales

9,701.96

 

Key Market Updates
  • Nifty 50 top gainers: Bharat Petroleum (17.70%), Power Grid Corporation (12.87%), Adani Ports & SEZ (10.07%), ONGC (9.91%), Adani Enterprises (9.12%).
  • The Indian Government increased the windfall tax on petroleum crude to ₹3,200 per tonne from ₹1,700 per tonne.
  • SBI Q3 reults: Net profit – Rs 9,163.96, down 35.4% (YoY)
  • Net interest income: Rs 39,815.73, up 4.5% (YoY)
  • Tata Motors Q3 results: Net profit jumps 2x to Rs 7,025 crore. Revenue surged 24.9 percent on-year to Rs 110,577 crore.
  • IndiGo Q3 results: Profit more than doubles to Rs 2,998 crore. Revenue from operations increased by 30.26 per cent to Rs 19,452 crore.
  • Delhivery Q3 results: Logistics firm turns profitable, revenue jumps by 20% YoY to ₹2,194 crore.
Startup, M&A Deals
  • SaaS startup MoveInSync raised $15 million from Bessemer Venture Partners.
  • EV ride-hailing startup BluSmart raised $25 million from Zurich-based impact-focused investor responAbility Investments.
  • Logistics startup Wiz Freight raised Rs 125 crore ($15 million) from SBI Investment, Tiger Global, Nippon Express, Axilor Technologies Fund, Foundamental etc.
  • Grow Indigo: The agritech startup raised $8 million as part of a funding round that saw participation from stakeholders Indigo Ag and Mahyco.
  • p0: The AI-led cybersecurity startup raised $6.5 million from Lightspeed Venture Partners.

Checkout the last week’s Market trends here: Market Recap (January 27, 2023)

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