V4743 Sagittarii was a bright nova in the southern constellation of Sagittarius. This event was discovered by K. Haseda and colleagues in September 2002. It peaked at magnitude 5.0 on September 20, 2002, then declined rapidly thereafter. It reached a peak temperature of around April 2003 and remained at that level for at least five months, suggesting the white dwarf component has a mass of 1.1–. The distance to this system is uncertain. Infrared observations indicate a distance of approximately 6.3kpc. A derivation using maximum magnitude rate of decay showed a distance of 3.9±.
Observations of the nova by the Chandra X-ray Observatory taken 180 days after the event showed an amplitude variation with a period of about 22 minutes. The X-ray output was dropping rapidly, and changed from a continuous spectrum to one showing emission lines. X-ray light curves of this system show a periodic signal with a frequency of that suggests a rapidly rotating magnetic white dwarf in an intermediate polar system. In 2003, an optical variation of 24278± was observed, and was interpreted as the orbital period of the binary system. A proposed beat period of ~24 minutes has been detected in the optical in between the orbital and period cycles.