Market Recap: Weekly Update
(September 2, 2023)
YTD refers the Returns from January 1, 2023 till September 1, 2023
Weekly Change | YTD | |
Nifty | 0.86% | INR - 7.35% |
Sensex | 0.77% | INR - 7.47% |
Bank Nifty | 0.48% | INR - 3.37% |
NASDAQ 100 | 3.03% | 42.61% |
S&P 500 | 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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