Market Recap – Weekly Update (January 27, 2023)

Market Recap: Weekly Update

(January 27, 2023)

YTD refers the Returns from January 1, 2024 till January 26, 2024

Weekly Change

YTD

Nifty
21,352.60

-1.07%

INR -1.74%
USD -2.7%

Sensex

70,700.67

-1.12%

INR -2.13 %
USD -3.09 %

Bank Nifty

44,866.15

-2.69%

INR -7.09 %
USD -8.01 %

NASDAQ 100
17,421.01

0.62%

5.3 %

S&P 500
4,839.81

1.01%

3.12 %

Index Valuation and Earning

Index

P/E Ratio

EPS

Nifty 50

22.3

958.8

Nifty Bank

14.8

3023.3

Nifty Financial Services

16.8

1199.2

Nifty IT

30.7

1190.7

Nifty Auto

26.3

707.5

Nifty FMCG

44.3

1246.9

Nifty Healthcare

40.1

276.5

Nifty Pharma

35

501.5

Nifty Consumer Durables

68.4

453.9

Exchange Rates, Brent Crude & Gold

Closing Price

Weekly Change

USD/INR

83.124

0.005%

EUR/INR

90.3

-0.1%

EUR/USD

1.085

-0.42%

Brent Crude

82.28

6.24%

Gold (USD/OZ)

2,018.71

-0.538%

Gold (INR/10G)

24 caret

64,160

Delhi

-0.14%

FII and DII Weekly Trading Data

FII

Gross Purchases

87,901.81

Gross Sales

100,096.19

Net Purchases / Sales

12,194.38

DII

Gross Purchases

42,700.93

Gross Sales

32,998.97

Net Purchases / Sales

9,701.96

 

Key Market Updates
  • Nifty 50 top gainers: Bajaj Auto (7.08%), Cipla (4.06%), Dr. Reddy’s Labs (3.91%), Power Grid Corporation of India Ltd. (3.5%), Bharti Airtel (3.27%).
  • India’s direct tax-GDP ratio rises to 15-year high of 6.11% during FY23
  • Vedanta Ltd’s consolidated net profit dropped by 18.30% to Rs 2,013 crore in the December 2023 quarter, while consolidated revenue rose 3.76% to Rs 34,968 crore.
  • YES Bank Q3 Results: PAT soars 4x YoY to Rs 231 crore, NII rises 2.4%.
  • PNB Q3 results: Net profit rises three fold to Rs 2,222 crore. Total income rose 16% to Rs 29,962 crore in the December 2023 quarter.
  • Tata Steel Q3 results: Net profit at ₹522 crore, revenue down 3% YoY.
Startup, M&A Deals
  • Ecofy, an NBFC that focuses on supporting green projects raised $10.8 million from FMO, a Dutch Entrepreneurial development bank.
  • Ola Founder Bhavish Aggarwal’s Large Language Model (LLM) startup Krutrim has raised $50 million from Matrix Partners and others at a valuation of $1 billion.
  • IBS Software acquires APS for $90 million, focuses on growth in hospitality sector.
  • Nazara Technologies picks up 10.77% stake in Kofluence for Rs 32.42 cr.
  • DMI group acquires BNPL startup ZestMoney in a distress sale deal.

Checkout the last week’s Market trends here: Market Recap (January 20, 2023)

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