Market Recap: Weekly Update
(September 9, 2023)
YTD refers the Returns from January 1, 2023 till September 8, 2023
Weekly Change | YTD | |
Nifty | 1.57% | INR - 9.47% |
Sensex | 1.69% | INR - 9.46% |
Bank Nifty | 1.39% | INR - 5.05% |
NASDAQ 100 | -2.06% | 39.68% |
S&P 500 | -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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Cover Image Source: Freepik
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