Market Recap: Weekly Update
(November 11, 2023)
YTD refers the Returns from January 1, 2023 till November 10, 2023
Weekly Change | YTD | |
Nifty | 0.43% | INR 7.29% |
Sensex | 0.25% | INR 6.68% |
Bank Nifty | 0.65% | INR 1.94% |
NASDAQ 100 | 2.59% | 42.96% |
S&P 500 | 1.17% | 15.46% |
Index Valuation and Earning
Index | P/E Ratio | EPS |
Nifty 50 | 21 | 927.2 |
Nifty Bank | 15 | 2915.5 |
Nifty Financial Services | 17 | 1151.2 |
Nifty IT | 25.8 | 1187.6 |
Nifty Auto | 23 | 707.8 |
Nifty FMCG | 42.4 | 1227.9 |
Nifty Healthcare | 36.2 | 271.4 |
Nifty Pharma | 31.8 | 487.8 |
Nifty Consumer Durables | 60.5 | 469.8 |
Exchange Rates, Brent Crude & Gold
Closing Price | Weekly Change | |
USD/INR | 83.3 | 0.13% |
EUR/INR | 89.28 | -0.03% |
EUR/USD | 1.0686 | -0.13% |
Brent Crude | 81.7 | -6.5% |
Gold (USD/OZ) | 1937.05 | -2.78% |
Gold (INR/10G) 24 caret | 62,275 Delhi | -0.3% |
FII and DII Weekly Trading Data
FII
Gross Purchases | 36,540.19 |
Gross Sales | 39,645.46 |
Net Purchases / Sales | 3,105.27 |
DII
Gross Purchases | 38,626.19 |
Gross Sales | 34,470.96 |
Net Purchases / Sales | 4,155.23 |
Key Market Updates
- Nifty 50 top Gainers: Bharat Petroleum (6.24%), Divi’s Lab (4.25%), L&T (4.19%), Axis Bank Ltd. (4.19%), Bajaj Finserv (3.9%).
- Crude oil prices fell below $78 a barrel to their lowest since July.
- ONGC Q2 Results: Net profit rises 142% to ₹16,553 crore, revenue down 13% YoY.
- LIC Q2 Results: Net profit drops 50% to Rs 7925 cr, net premium income falls to Rs 1.07 lakh crore.
- Coal India Q2 Results: Net profit rises 12% to ₹6,813 crore, revenue up 10% YoY.
- M&M Q2 Results: Net profit jumps 67% to ₹3,452 crore; revenue rises 16% YoY.
Startup, M&A Deals
- Audiology startup Hearing Solution (Hearzap) raised Rs 50 crore (~$6 million) from 360 One Healthcare Opportunities Fund.
- EV maker Euler Motors raised Rs 120 crore ($14.3 million approx) from British International Investment (BII) and Green Frontier Capital.
- Logistics startup Xpressbees raised $80 million from Teachers’ Venture Growth (TVG).
- Eris Lifesciences to buy derma, nephro units of Biocon Biologics for Rs 366 cr.
- Keystone Realtors makes major acquisition of Realgem Buildtech, for over Rs 231.42 crore.
- Car service and repair firm GoMechanic raised $6 million in fresh capital.
Checkout the last week’s Market trends here: Market Recap (October 28, 2023)
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