Market Recap – Weekly Update (September 9, 2023)

Market Recap: Weekly Update

(September 9, 2023)

YTD refers the Returns from January 1, 2023 till September 8, 2023

Weekly Change

YTD

Nifty
19,819.85

1.57%

INR - 9.47%
USD - 9.1%

Sensex
66,598.91

1.69%

INR - 9.46%
USD - 9.09%

Bank Nifty
45,156.40

1.39%

INR - 5.05%
USD - 4.69%

NASDAQ 100
15,280.23

-2.06%

39.68%

S&P 500
4,457.49

-1.61%

16.1%

Index Valuation and Earning

Index

P/E Ratio

EPS

Nifty 50

22.4

885.2

Nifty Bank

16.4

2755.1

Nifty Financial Services

18.6

1084.4

Nifty IT

27.3

1189.1

Nifty Auto

25.5

632.5

Nifty FMCG

43.1

1201.1

Nifty Healthcare

36.4

264.6

Nifty Pharma

32.2

473.9

Nifty Consumer Durables

65

455.3

Exchange Rates, Brent Crude & Gold


Closing Price

Weekly Change

USD/INR

83.12

0.47%

EUR/INR

89.09

-0.27%

EUR/USD

1.07

-0.72%

Brent Crude

89.82

3.95%

Gold (USD/OZ)

1,919.16

1.07%

Gold (INR/10G)

24 caret

60,955

Delhi

0.37%

FII and DII Weekly Trading Data

FII

Gross Purchases

103,415

Gross Sales

121,570

Net Purchases / Sales

18,154

DII

Gross Purchases

100,434

Gross Sales

88,995

Net Purchases / Sales

11,439

 

Key Market Updates
  • The top five Nifty 50 weekly gainers were Coal India (19.08%), L&T (7.38%), HCL Tech (6.43%), BPCL(5.16%), and NTPC (4.14%).
  • The top Nifty 50 weekly losers were M&M (1.53%), Axis Bank (1.09%), Eicher Motors (0.87%), Asian Paints (0.66%), and Nestle India (0.15%).
  • Oil prices spiked as Saudi Arabia, Russia extended 1.3M barrel a day oil cut through December.
  • Nvidia Corp. on Friday announced separate partnerships with Reliance and Tata group companies to help them develop AI-powered supercomputers, AI clouds and generative AI applications.
  • Uday Kotak resigns as CEO, MD of Kotak Mahindra bank.

 

Startup Updates
  • Online furniture seller Pepperfry raised $23 million in a fresh round from existing investors, institutions, and family offices.
  • Electric mobility startup Ather Energy raised Rs 900 crore via a rights issue from its existing shareholders—Hero MotoCorp and Singapore’s GIC.
  • B2B fish and seafood startup Captain Fresh raised $20 million as part of an extended Series C round led by Japan-based SBI Investment and Evolvence Capital.
  • IPO-bound Ola Electric raises $140M from Temasek and others.
  • Munters signs an agreement to acquire ZECO and strengthens its market position in India.

 

Check the last week Market update here: Market Recap (September 2, 2023)

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