Market Recap – Weekly Update (September 23, 2023)

Market Recap: Weekly Update

(September 23, 2023)

YTD refers the Returns from January 1, 2023 till September 22, 2023

Weekly Change

YTD

Nifty
19,674.25

-2.4%

INR - 8.67%
USD - 8.3%

Sensex
66,009.15

-2.44%

INR - 8.49%
USD - 8.16%

Bank Nifty
44,612.05

-3.26%

INR - 3.78%
USD - 3.46%

NASDAQ 100
14,701.10

-3.03%

35.34%

S&P 500
4,320.06

-2.81%

12.97%

Index Valuation and Earning

Index

P/E Ratio

EPS

Nifty 50

22.2

885.4

Nifty Bank

16.2

2753.8

Nifty Financial Services

18.2

1084.8

Nifty IT

27.7

1188.8

Nifty Auto

25.7

632.4

Nifty FMCG

43

1201

Nifty Healthcare

35.7

264.6

Nifty Pharma

31.8

474

Nifty Consumer Durables

63.9

455.2

Exchange Rates, Brent Crude & Gold

Closing Price

Weekly Change

USD/INR

83.10

-0.05%

EUR/INR

88.48

-0.24%

EUR/USD

1.064

-0.49%

Brent Crude

92.24

-1.2%

Gold (USD/OZ)

1,925.52

0.08%

Gold (INR/10G)

24 caret

60,900

Delhi

0.2%

FII and DII Weekly Trading Data

FII

Gross Purchases

43,262

Gross Sales

51,943

Net Purchases / Sales

8,681

DII

Gross Purchases

33,911

Gross Sales

31,972

Net Purchases / Sales

1,938

 

Key Market Updates
  • Top NIFTY 50 Gainers: Power Grid Corporation of India Ltd. (2.6%), Asian Paints Ltd. (2.5%), Coal India Ltd. (1.5%), Titan Company Ltd. (0.8%), NTPC Ltd. (0.7%).
  • Federal Reserve pauses rate hikes as inflation slows down.
  • Russia has temporarily banned exports of gasoline and diesel to all countries outside a circle of four ex-Soviet states with immediate effect.
  • Apple outpaces Samsung to become largest smartphone exporter from India.
  • Indian agriculture exports dip in first quarter of FY24 on bans and curbs.
  • Rupee hits all-time closing low of 83.27 to dollar amid rise in oil prices on September 18th.
Startup, M&A Deals
  • Kuku FM bags $25 million funding led by Nandan Nilekani’s Fundamentum Partnership, IFC.
  • Eloelo raises $22M in Pre-Series B round co-led by Courtside Ventures, Griffin Gaming Partners.
  • Visa application platform Atlys raises $12 Mn led by Elevation and Peak XV.
  • Agritech Startup Ergos Raises $10 Million, Led by Abler Nordic to Revolutionise Indian Agriculture.
  • Manipal Hospitals acquires majority stake in AMRI Hospitals to expand in Eastern India.
  • Nirma makes big pharma push; acquires 75% in Glenmark Life Sciences for Rs 5,651 cr.

 

Check the last week Market update here: Market Recap (September 16, 2023)

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