Market Recap: Weekly Update
(September 16, 2023)
YTD refers the Returns from January 1, 2023 till September 15, 2023
Weekly Change | YTD | |
Nifty | 1.5% | INR - 11.53% |
Sensex | 1.36% | INR - 11.5% |
Bank Nifty | 2.09% | INR - 7.55% |
NASDAQ 100 | -1.35% | 35.95% |
S&P 500 | -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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