Market Recap – Weekly Update (October 21, 2023)

Market Recap: Weekly Update

(October 21, 2023)

YTD refers the Returns from January 1, 2023 till October 20, 2023

Weekly Change

YTD

Nifty
19,542.65

-0.9%

INR  7.54%
USD  7.5%

Sensex
65,397.62

-1.18%

INR  7.49%
USD  7.03%

Bank Nifty
43,723.05

-0.94%

INR  1.71%
USD  1.28%

NASDAQ 100
14,560.88

-3.28%

34.05%

S&P 500
4,327.78

-2.72%

10.46%

Index Valuation and Earning

Index

P/E Ratio

EPS

Nifty 50

21.7

901.4

Nifty Bank

15.5

2813.6

Nifty Financial Services

17.7

1110.2

Nifty IT

26

1209

Nifty Auto

26

634.5

Nifty FMCG

42.8

1210.3

Nifty Healthcare

36

264.5

Nifty Pharma

31.9

473.7

Nifty Consumer Durables

62.7

457.4

Exchange Rates, Brent Crude & Gold

Closing Price

Weekly Change

USD/INR

83.24

-0.13%

EUR/INR

88.27

-0.65%

EUR/USD

1.0593

0.8%

Brent Crude

92.43

1.54%

Gold (USD/OZ)

1977.75

2.32%

Gold (INR/10G)

24 caret

62,515

Delhi

3.9%

FII and DII Weekly Trading Data

FII

Gross Purchases

49,040.47

Gross Sales

51,839.55

Net Purchases / Sales

2799.08

DII

Gross Purchases

35,517.10

Gross Sales

32,006.13

Net Purchases / Sales

3,510.97

 

Key Market Updates
  • Nifty 50, Top gainers -Bajaj Auto (7.49%), Tata Motors (4.12%), Hero MotorCorp (3.98%), Cipla (3.65%), IndusInd Bank (3.15%).
  • ITC Q2 Results: Net profit rises 10% to Rs 4,927 cr, revenue rises 3% to Rs 17,160 cr.
  • Paytm Q2 Results: Net loss shrinks to ₹291 crore, revenue up 32% to ₹2,519 crore.
  • Avenue Supermarts revenue increased 18.66% year-on-year to Rs 12,624.37 crore, net profit slips 9.09% to Rs 623.35 cr.
  • JSW Energy Q2 results: Net profit rises 83% YoY to ₹850 crore, reports highest ever quarterly EBITDA, revenue at 3387cr.
  • Bandhan Bank Q2 Results: Net profit up 244% YoY at Rs 721 crore, Provisions higher QoQ, NPAs worsen.
  • ICICI Bank Q2 results: Net profit rises 35.8% YoY at ₹10,261 crore, NII increase by 23.8% at ₹18,308 crore.
  • Yes Bank Q2FY24 results: Net profit up 47.4% YoY to ₹225 crore, NIM dips.
  • Kotak Mahindra Bank Q2 results: Total income rise 36% to Rs 13,507.40 cr, PAT surges by 24%.
  • IDBI Bank Q2 results: Net profit jumps 60% to Rs 1,323 cr on declining NPAs.
  • CG Power Standalone September 2023 Net Sales at Rs 1,900.14 crore, up 19.65% Y-o-Y.
  • Glenmark Life Sciences Q2 results: Net profit rises over 11% to Rs 119 crore.
  • RBL Bank Q2 results: Net profit rises 46% YoY to ₹294 crore, net interest income up by 26%.
  • Central Bank of India Q2 result: Net profit rises 90% YoY to ₹605 crore on strong NII, net NPA down to 1.64%.
Startup, M&A Deals
  • Zetwerk Raises $120 Mn From Avenir, Lightspeed.
  • Wealth and asset management startup Neo bags $35 million in funding from Peak XV Partners
  • Bajaj Finance acquires 26% stake in Pennant Technologies for ₹267.50 crore.
  • Faering Capital invests $30 million in Vastu Housing Finance.
  • Indian space start-up Agnikul raises additional $27 million to launch its first rocket.
  • Binny Bansal-Backed VideoVerse Acquires AI-Powered Graphics Engine Optikka.

Checkout the last week’s Market trends here: Market Recap (October 14, 2023)

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