The RBI’s Monetary Policy Committee might consider shifting the policy stance to ‘neutral’ in the October meeting
Domestic equity markets started the month on weaker note on concerns over a potential economic slowdown in the U.S.
Q1FY25 economic growth remained strong, despite a high base. The growth in GVA was driven by the manufacturing and services sectors, especially construction, while GDP was supported by a pick-up in private consumption and investments.
CPI: Inflation eased to 3.5% in July, primarily due to a favorable base, but sequentially, it rose by 142 bps. Core CPI also saw an uptick, driven by food and services inflation.
IIP: Industrial production growth slowed to 4% year-over-year, with mixed performance across sectors.
Domestic equity markets rose during the month amid reinstated expectations that the U.S. Federal Reserve would start interest rate cuts in Sep 2024 following the dovish commentary from the U.S. Federal Reserve Chairperson.
Domestic equity markets initially witnessed volatility as the outcome of the general elections did not come in line with market expectations. However, markets rebounded sharply on hopes of political stability and policy continuity.
Union Budget 2024-25 focused on the path of fiscal consolidation. Building consistency to align the teax regime as widely expected.
At the June 2024 meeting, the RBI Monetary Policy Committee (MPC) decided to maintain the repo rate at 6.5%.
Domestic equity markets fell as market participants exercised caution and remained on the sidelines as they awaited the outcome of the general elections for 2024.
India maintained its position as the fastest-growing G20 economy, with a real GDP growth of 8.2% in FY24. Although there was a slight deceleration to 7.8% YoY in Q4FY24, the growth from the previous quarter was revised upward to 8.6% YoY.
Inflation remained stable and within the RBI’s acceptable range. However, increased prices of fruits and vegetables due to seasonal factors added pressure to the food prices.
Domestic equity markets rose during the month as India’s strong economic growth outlook, anticipation of upbeat corporate earnings for the quarter ended Mar 2024 and the prospects of political stability following the outcome of general elections kept the underlying sentiment positive. The rally in the domestic equities took a breather in the interim as escalating geopolitical […]
The Monetary Policy Committee (MPC) in its first bi-monthly monetary policy review of FY24 kept key policy repo rate unchanged at 6.50% with immediate effect,after six consecutive rate hikes.
The BJP’s Manifesto for the 2024 General Elections bodes well for Indian equities, with a strong emphasis on continuity in reform efforts while maintaining financial macro stability. Anticipated to dominate the upcoming polls, the Party’s agenda highlights key sectors poised for growth. Direct beneficiaries include Capital Goods (railways/defence), Housing/Mortgages, Tourism, and Aviation, with Textiles and […]
CPI inflation eased to 4.85% YoY in March 2024, mainly due to a further decline in core inflation to 3.25% YoY, with all components of non-food inflation continuing to decrease, many reaching multi-year lows.
March witnessed a notable drop in the trade deficit to USD15.6 billion, the lowest in 11 months, primarily due to a decline in imports, particularly in gold.
Domestic equity markets rose during the month under review as market participants remained optimistic regarding the growth prospects of the domestic economy after the Indian economy witnessed a faster-than-anticipated growth rate in the quarter ended Dec 2023.
The CPI held steady at 5.1% in February, indicating a modest sequential price adjustment. The Reserve Bank of India (RBI) is closely monitoring for tangible signs of a slowdown in headline inflation, while the consistent easing in core CPI offers confidence that monetary policy interventions are positively impacting the economy.
Domestic equity markets rose during the month under review as market participants cheered the outcome of the Interim Union Budget 2024.
During the February 2024 meeting, the RBI Monetary Policy Committee (MPC) opted to keep the repo rate steady at 6.5%
During the February 2024 meeting, the RBI Monetary Policy Committee (MPC) opted to keep the repo rate steady at 6.5% and maintained its existing policy stance
Domestic Equity markets witnessed considerable volatility during the month under review
Domestic equity markets rose due to across the board buying by market participants which reflected the high-risk appetite of theinvestors driven by anticipation of robust domestic economic growth. The weakening of the dollar index and decline in U.S Treasury yields alsoreinforced optimism among market participants of foreign fund inflow into the domestic capital markets.
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Domestic equity markets rose initially during the month after the U.S. Federal Reserve kept interest rates on hold
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Domestic equity markets rose initially after the Monetary Policy Committee of the Reserve Bank of India maintained a status quo on repo rates and policy stance which was in line with market expectations. In addition, the central bank kept the growth projections of Indian economy for FY24 unchanged at 6.5% which provided additional support.
Domestic equity markets rose initially after the U.S. nonfarm payroll employment data for Aug 2023 came along mixed lines. The data led to anticipation that the U.S. Federal Reserve may refrain from raising interest rates in its upcoming monetary policy review which was scheduled on Sep 20, 2023.
Domestic equities fell after a major global credit rating agency downgraded the credit rating of the U.S. economy which led to an all-round sell off in the global equity market and rattled the investor risk sentiment. Sentiments were further dampened after the Reserve Bank of India in its monetary policy expressed concerns about the evolving inflation situation within the country. The outcome led to worries that the key policy repo rate may remain elevated for a prolonged period and any possibility of a rate cut may be delayed.
Domestic equity markets rose as S&P BSE Sensex crossed the psychological levels of 66,500 and 19,500 respectively. The market rally was broad-based as the mid cap segment and the small cap segment also closed the month in green.
Consumer inflation rose after touching its lowest level in more than two years
Industrial Output growth slowed significantly on yearly basis in May 2023
Domestic equity markets rose following the release of a slew of upbeat domestic macroeconomic data which indicated that the Indian economy was on a strong footing in terms of macroeconomic stability.
The Monetary Policy Committee (MPC) in its bi-monthly monetary policy review raised key policy repo rate by 25 bps to 6.50% with immediate effect.
The Monetary Policy Committee (MPC) in its second bi-monthly monetary policy review of FY24 kept key policy repo rate unchanged at 6.50% with immediate effect for the second time.
The Monetary Policy Committee (MPC) in its bi-monthly monetary policy review raised key policy repo rate by 35 bps to 6.25% with immediate effect.
Consumer inflation slowed for the fourth consecutive month in May 2023
Industrial Output growth slowedon yearly basis in Apr 2023
Consumer inflation touched 18-month low in April 2023
Industrial Output growth fellto 5-month low in Mar 2023
Consumer inflation touched lowest level since Dec 2021 in Mar 2023
Industrial Output growth accelaratedin Feb 2023 on yearly basis
Consumer inflation remainedabove RBI’s upper tolerance level in Feb2023
Industrial Output growth accelaratedin Jan 2023 on yearly basis
Consumer Price Index based inflation accelaratedin January2023
Industrial Output growth accelaratedin Dec 2022 on yearly basis
Consumer Price Index based inflation touched twelve month low in December
In Nov 2022, Industrial Output surged themost since Jun 2022
Consumer Price Index based inflation touched elevenmonth low in November
In Oct 2022, Industrial Output contracted themost since Aug 2020
Consumer Price Index based inflation eased to 6.77% in October
Annual rise in IIP slowed in Sep 2022compared with a year ago period
Consumer Price Index based inflation accelaratedto 7.41% in September
Annual growth of IIP contracted since Feb 2021during Aug 2022
Consumer Price Index based inflation accelaratedto 7.00% in August
Annual growth of IIP slowed to 2.4% in Jul 2022 from 11.5% in Jul 2021
Consumer Price Index based inflation easesto 6.71% in July
Consumer Price Index based inflation easesto 7.01% in June
Domestic equity markets rose initially during the month under review which can be attributed to upbeat corporate earning numbers for the quarter ended Mar 2023 and favourable domestic macroeconomic data. T
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Domestic equity markets rose during the month under review with key benchmark indices S&P BSE Sensex and Nifty 50 gaining more than 3% each. Nifty 50 reclaimed the 18,000 mark, while the S&P BSE Sensex closed above 61,000. The market rally was broad based as the mid cap segment and the small cap segment also closed the month in green
Domestic equity markets rose initially during the month under review on the back of upbeat domestic macroeconomic data for Feb 2023. Markets also benefitted after an Indian multinational conglomerate took steps to restore investors’ trust which recently faced criticism for corporate misgovernance.
Domestic equity markets rose initially during the month under review as market participants gave thumbs up to the Union Budget 2023. The government in the Union Budget increased its outlay on capital expenditure,
Domestic equity markets fell earlier during the month after U.S. Federal Reserve’s meeting minutes for Dec 2022 indicated that the U.S. Federal Reserve will continue to raise interest rates to contain inflation.
Domestic equity markets fell initially during the month under review after the Reserve Bank of India led Monetary Policy Committee (MPC) raised key policy repo rate by 35 bps and downgraded the growth projections of the Indian economy for the current fiscal to 6.8% from the earlier projection of 7% in its monetary policy review
Domestic equity markets rose during the month under review as key domestic headline indices S&P BSE Sensex and Nifty 50 crossed psychologically important levels of 63,000 and 18,700, respectively. Thus, both the indices during the month rose to fresh lifetime peaks as they snubbed the volatility in global equity markets. The market rally was broad based as gains were witnessed in the mid cap segment and small cap segment as well
Domestic equity markets commenced the month on a positive note following weak economic data from U.S. Weak U.S. economic data was good news for the markets as it led to hopes that the U.S. Federal Reserve might consider slowing down the pace of rate hikes moving ahead. Data showed that the pace of U.S. manufacturing activity grew at its slowest pace in 30 months in Sep 2022 which eased concerns over aggressive monetary policy tightening by the U.S. Federal Reserve
Domestic equity markets fell during the month under review as domestic headline indices S&P BSE Sensex and Nifty 50 fell in excess of 3% over the month and turned negative for 2022. Mounting concerns over global recession due to continued aggressive monetary policy tightening by central banks across the globe weighed on the market sentiment
Domestic equity markets rose initially during the month under review as global crude oil prices came down which eased concerns over rising inflation to some extent
Indian equity markets ended the month in the negative territory with benchmark indices touching more than 52-week closing low during the period. Reserve Bank of India (RBI) and the U.S.
Indian equity market ended the month in the negative territory, weighed down by global and domestic inflationary pressure, coupled with rate hike stance adopted by central banks of major economies
Indian equity markets settled for the month in the negative territory. Ongoing tension between Ukraine and Russia, coupled with uncertainty of the pace of future rate hikes by U.S. Federal Reserve loomed large which kept investors on tenterhooks. Additionally, renewed worries over fresh instances of COVID19 infection in China reignited fears of global economic slowdown. Nonetheless, optimism over the ongoing corporate earnings season and the accommodative stance adopted by Reserve Bank of India, in its latest policy meeting soothed investors’ nerve. Meanwhile, elevated domestic inflation numbers raised speculation that Reserve Bank of India may not hold on to its accommodative stance for long
Domestic equity markets fell initially during the month under review after the Reserve Bank of India led Monetary Policy Committee (MPC) raised key policy repo rate by 35 bps and downgraded the growth projections of the Indian economy for the current fiscal to 6.8% from the earlier projection of 7% in its monetary policy review.
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