Market Recap – Weekly Update (September 2, 2023)

Market Recap: Weekly Update

(September 2, 2023)

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

Weekly Change

YTD

Nifty
19,435.30

0.86%

INR - 7.35%
USD - 7.5%

Sensex
65,387.16

0.77%

INR - 7.47%
USD - 7.62%

Bank Nifty
44,436.10

0.48%

INR - 3.37%
USD - 3.52%

NASDAQ 100
15,490.86

3.03%

42.61%

S&P 500
4,515.77

2.03%

18.09%

Index Valuation and Earning

Index

P/E Ratio

EPS

Nifty 50

22.2

876.6

Nifty Bank

16.1

2754.9

Nifty Financial Services

18.2

1084.8

Nifty IT

26.5

1188.8

Nifty Auto

25.2

632.6

Nifty FMCG

42.7

1199.2

Nifty Healthcare

35.6

264.6

Nifty Pharma

31.7

474

Nifty Consumer Durables

63.2

455.3

Exchange Rates, Brent Crude & Gold

Closing Price

Weekly Change

USD/INR

82.72

0.2%

EUR/INR

89.32

0.24%

EUR/USD

1.08

-0.01%

Brent Crude

88.16

5.3%

Gold (USD/OZ)

1,939.85

1.34%

Gold (INR/10G)

24 caret

61,135

Delhi

1.1%

FII and DII Weekly Trading Data

FII

Gross Purchases

93,847

Gross Sales

-98,160

Net Purchases / Sales

-4,313

DII

Gross Purchases

41,066.66

Gross Sales

-32,510.67

Net Purchases / Sales

8,495.99

 

Key Market Updates
  • India’s Q1 GDP growth rises to one-year high of 7.8%
  • India’s manufacturing PMI jumps to 58.6 in August, hits 3-month high.
  • P&G Hygiene and Health profit jumps over 3-fold to Rs 151 cr in Jun qtr. Revenue from operations stood at Rs 852.53 crore.
  • Gillette India June quarter PAT up 36% to Rs 92 cr.Revenue from operations increased 12.03% to Rs 619.44 .
  • UBS posts massive profit of $29 bn in second quarter after Credit Suisse takeover.

 

PE/VC, M&A Deals
  • Fintech startup CredRight raised Rs 78 crore (about $9.7 million) in equity and debt from the Michael & Susan Dell Foundation, YourNest, Spearhead Capital, and 9Unicorns.
  • MediBuddy, a digital healthcare platform, has raised an additional $18 million in funding from its existing investors—Quadria Capital, Lightrock, and TEAMFund.
  • Spacetech startup SatSure raised $15 million from Baring Private Equity Partners India, Prosmus Ventures, Force Ventures, Luckbox Ventures, and IndigoEdge Advisors.
  • Sales technology platform Apollo.io turns unicorn after raising $100m led by Bain Capital.
  • Schaeffler India acquires automotive e-commerce platform Koovers for Rs 142.4 crore

 

Check the last week Market update here: Market Recap (August 26, 2023)

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