Market Recap: Weekly Update
(September 23, 2023)
YTD refers the Returns from January 1, 2023 till September 22, 2023
Weekly Change | YTD | |
Nifty | -2.4% | INR - 8.67% |
Sensex | -2.44% | INR - 8.49% |
Bank Nifty | -3.26% | INR - 3.78% |
NASDAQ 100 | -3.03% | 35.34% |
S&P 500 | -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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