Home Blogs Positive macro news cheer investors

Positive macro news cheer investors

Reading Time: 2 minutes

The Indian stock market snapped its losing streak to end the week in green. Firm global cues, positive GDP data, hopeful recovery from the manufacturing and services sectors, the US stimulus package, among others, led to investors having a bullish stance.

Before moving into further updates on the markets, and on the eve of women’s day, we’d like to talk a little about a formidable Indian businesswoman – Kalpana Saroj!

Matter of Fact

Kalpana Saroj is often described as the original Slumdog Millionaire. She came from a conservative family and was married at the age of 12. After problems with the family, she fled. Some more adversities later, she finally found her way to Mumbai where she worked at a garment factory.

Using government loans from the scheduled caste and some grit, she started a tailoring business and a furniture store – her first few stints at entrepreneurship. She came into the limelight when she bought the distressed assets of a company called Kamani Tubes when it was going into bankruptcy – and went on to successfully steered the company back to profits.

Kalpana Saroj is described as the original Slumdog Millionaire. She bought the distressed assets of Kamani Tubes and successfully steered the company back to profits. Click To Tweet

Markets Update

Nifty 50

14,938.10

2.81% ▲

Sensex

50,405.32

2.66% ▲

Nifty 500

12,539.00

2.94% ▲

Bank Nifty

35,228.15

1.22% ▲

The Big Picture

The India Manufacturing PMI measures the performance of the manufacturing sector. In February, the Manufacturing PMI stood at 57.5, in-line with market consensus.
The India Services PMI measures the performance of the services sector. In February, the Services PMI increased to 55.3 from 52.8 in the previous month, above market expectations of 53.
The trade deficit (exports – imports) in India widened to $12.90 billion in February from $10.02 billion a year earlier.
Foreign Exchange Reserves in India stood at $584.55 billion.

Ok, so?

Privatizing Indian Banking

While we’ve spoken about this before, there are compelling studies that show that private sector banks are more efficient than their public sector banks (PSBs). The government is working towards privatizing various facets of business within banking as private banks are pioneers in adopting latest technology. Recently, the government lifted restrictions on private sector banks to do business with and for the government. Curious about the implications? Click below!

Until recently, only public sector banks (PSBs) and some large private sector banks were allowed to be involved in govt. related transactions. So, for example, only PSBs were allowed to collect taxes and pay pensions for the government. Now, this is set to change.

Ok, so? SWIPE pic.twitter.com/52i2cDxVH3
— smallcase (@smallcaseHQ) March 5, 2021

Inside smallcase

Next steps

Investors often wonder about the next steps for them to grow their wealth and work towards their financial goals. We, at smallcase, wanted to make that journey easier for you. We built personalised cards for you on the app dashboard that takes you through the next steps in your investing journey. Go and check it out!

Alright, so that’s all for this week. Until next time – happy investing!

Abhishek Jadon

VP, Investment Products at Windmill Capital.

Markets plunge amid Covid-19 resurgence

US stimulus package uplifts markets

Cancel reply

Dislaimer: This platform is intended for informational purposes only and is not intended to provide investment advice. The stock prices displayed are delayed and may not reflect the most current market conditions. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. You can also consider consulting a financial advisor before making any investment decisions. Smallcase Technologies Private Limited shall not be responsible for any losses that may occur as a result of using this platform.

The views expressed in this article are those of the author and do not necessarily reflect the views of Smallcase Technologies Private Limited (STPL) or any of its associates. The information provided in this article is for educational and informational purposes only. Investors are responsible for their investment decisions and are responsible to validate all the information used to make the investment decision. Investors should understand that his/her investment decision is based on personal investment needs and risk tolerance, and performance information available on here is one amongst many other things that should be considered while making an investment decision. Past performance does not guarantee future returns.

Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. The examples and/or scurities quoted (if any) are for illustration only and are not recommendatory.

The content and data available on the website, including but not limited to index value, return numbers and rationale are for information and illustration purposes only. Charts and performance numbers do not include the impact of transaction fee and other related costs. Past performance does not guarantee future returns and performances of the portfolios are subject to market risk. Data used for calculation of live returns and other information is provided by exchange approved third party vendors and has neither been audited nor validated by the Company. Detailed return calculation methodology is available here. Detailed volatility calculation methodology is available here.

The user agrees to assume complete and full responsibility for the outcomes of all of his/her investment decisions that he/she makes, including any direct, indirect, incidental, consequential, special, punitive or any other losses/damages if any that may be incurred by him/her. Smallcase Technologies shall not be responsible or liable for any direct, indirect, incidental, consequential, special, punitive or any other losses/damages arising out of the recipient's investments. For disclosures related to Smallcase Technologies Pvt Ltd, please visit this page .