Market Recap: Weekly Update
(October 7, 2023)
YTD refers the Returns from January 1, 2023 till October 6, 2023
Weekly Change | YTD | |
Nifty | 0.45% | INR - 8.55% |
Sensex | 0.48% | INR - 8.47% |
Bank Nifty | -0.08% | INR - 3.2% |
NASDAQ 100 | 1.73% | 37.8% |
S&P 500 | 0.56% | 12.67% |
Index Valuation and Earning
Index | P/E Ratio | EPS |
Nifty 50 | 22.2 | 884.1 |
Nifty Bank | 16.3 | 2720.2 |
Nifty Financial Services | 18.5 | 1073.6 |
Nifty IT | 27.2 | 1188.6 |
Nifty Auto | 25.3 | 631.8 |
Nifty FMCG | 42.6 | 1210.2 |
Nifty Healthcare | 36 | 264.4 |
Nifty Pharma | 31.9 | 473.8 |
Nifty Consumer Durables | 64.2 | 457.3 |
Exchange Rates, Brent Crude & Gold
Closing Price | Weekly Change | |
USD/INR | 83.12 | -0.29% |
EUR/INR | 88.12 | 0.9% |
EUR/USD | 1.06 | 1.15% |
Brent Crude | 84.40 | -8.73% |
Gold (USD/OZ) | 1831.66 | -0.92% |
Gold (INR/10G) 24 caret | 59,300 Delhi | -2.24% |
FII and DII Weekly Trading Data
FII
Gross Purchases | 36,594.65 |
Gross Sales | 45,007.30 |
Net Purchases / Sales | 8,412.65 |
DII
Gross Purchases | 34,211.24 |
Gross Sales | 29,776.07 |
Net Purchases / Sales | 4,435.17 |
Key Market Updates
- RBI keeps the repo rate unchanged at 6.5%.
- Nifty 50, Top gainers – Bajaj Finserv (6.13%), Titan Company(5.11%), Bajaj Finance Ltd.(4.58%), Infosys (3.01%), Adani Enterprises Lt (2.66%)
- India’s forex reserves drop $3.7 bn to $586.9 bn in 4th straight weekly decline.
- Oil prices recorded the worst weekly fall since March on demand fears. Russia lifts ban on diesel exports.
- India, Japan launch $600 million fund for low carbon emission projects. (NIIF and JBIC).
- Gold fragile on lofty US dollar and yields; palladium at 5-year low.
Startup, M&A Deals
- House of Brands firm Mensa Brands secured $40 million from EvolutionX Debt Capital, a leading debt financing platform for growth-stage companies.
- Bizongo, a B2B e-commerce startup, raised $50 million from Schroder Adveq, IFC, Corp, Chiratae Ventures, B Capital, and British International Investment.
- Bolt.Earth, an EV infrastructure and software startup, raised $20 million from Union Square Ventures, Prime Venture Partners, and ITIGO Funds.
- IQuest Enterprises acquires Viatris’ Indian API operations.
- Fintech unicorn Slice merges with North East Small Finance Bank.
Checkout the last week’s Market trends here: Market Recap (September 30, 2023)
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Cover Image Source: Freepik
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