Market Recap – Weekly Update (September 16, 2023)

Market Recap: Weekly Update

(September 16, 2023)

YTD refers the Returns from January 1, 2023 till September 15, 2023


Weekly Change

YTD

Nifty
20,192.35

1.5%

INR - 11.53%
USD - 11.2%

Sensex
67838.63

1.36%

INR - 11.5%
USD - 11.16%

Bank Nifty
46,231.50

2.09%

INR - 7.55%
USD - 7.22%

NASDAQ 100
15,202.40

-1.35%

35.95%

S&P 500
4,450.32

-0.68%

16.37%

Index Valuation and Earning

Index

P/E Ratio

EPS

Nifty 50

22.8

885.2

Nifty Bank

16.8

2755.2

Nifty Financial Services

18.9

1084.6

Nifty IT

28.1

1189.1

Nifty Auto

26

632.5

Nifty FMCG

43.2

1201

Nifty Healthcare

37

264.6

Nifty Pharma

32.9

474

Nifty Consumer Durables

64.5

455.3

Exchange Rates, Brent Crude & Gold

Closing Price

Weekly Change

USD/INR

83.09

-0.04%

EUR/INR

88.69

-0.54%

EUR/USD

1.066

-0.34%

Brent Crude

93.37

3.88%

Gold (USD/OZ)

1,923.9

0.22%

Gold (INR/10G)

24 caret

60,780

Delhi

-0.29%

FII and DII Weekly Trading Data

FII

Gross Purchases

78,492.41

Gross Sales

79,239.03

Net Purchases / Sales

746.42

DII

Gross Purchases

45,993.87

Gross Sales

42,630.51

Net Purchases / Sales

3,363.36

 

Key Market Updates
  • Rising gas costs drive US inflation to 3.7% in August.
  • ECB raises interest rate by 25 bps to record 4% to battle
    soaring inflation.
  • China’s exports fell for the fourth consecutive month in August, declining by 8.8 percent compared to the previous year.
  • Indian Govt hikes windfall tax on crude oil to Rs 10,000/tonne from Rs 6,700/tonne.
  • Nifty 50 Top Gainers: Bajaj Auto Ltd. (7.8%), Grasim Industries Ltd. (6.7%), Bharti Airtel Ltd. (5.7%), Axis Bank Ltd. (4.8%), UPL Ltd. (4.6%).
  • Nifty 50 Touches 20,000-Milestone for the First Time.
  • U.S. crude oil prices top $90 a barrel for the first time since November 2022.

 

Startup Updates
  • SaaS logistics startup Kale Logistics raised $30 million in funding led by Creaegis Advisors, a digital and tech-focused private equity fund.
  • B2B SaaS fintech startup Perfios raised $229 million in a Series D funding round from private equity investor Kedaara Capital.
  • Leads Connect, a full-stack agritech startup, raised Rs 500 crore ($60.2 million) from FMCG company BL Agro Industries Ltd.
  • Kedaara Capital Backs Edtech Startup K12 Techno Services, Peak XV Gets Partial Exit
  • Vitol, AT Capital Group invest $350 Million in Juniper Green Energy.

 

Check the last week Market update here: Market Recap (September 9, 2023)

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