Home Blogs Markets snap 2-week winning streak
Featured Stories

Markets snap 2-week winning streak

Markets snap 2-week winning streak
Reading Time: 2 minutes

The Indian stock markets ended the week with losses and major benchmark indices witnessed selling pressure as they ended the week in red. A couple of global as well as domestic developments led to this. Metal stocks saw massive selling pressure after seeing an unprecedented run-up in prices over the last couple of months.

Along with metals, investors booked profits in Financial, Auto as well as IT stocks. Globally, investors were net sellers of emerging market equities (like India) amid concerns that the US may raise interest rates from next year. This led to investors shun risky assets for safer developed market assets.

Quote of the week

Wealth is not about having a lot of money, it is about having a lot of options.

u003cpu003eWealth is not about having a lot of money, it is about having a lot of options.u003c/pu003e Click To Tweet

Markets Update

Nifty50
16,450.50
0.48% ▼
Sensex
55,329.32
0.19% ▼
Nifty500
13,943.95
0.86% ▼
Nifty Bank
35,033.85
3.14% ▼

The Big Picture

  • The Wholesale Price Inflation (WPI) rate in India eased to 11.16% YoY in July 2021, from 12.07% in the previous month and slightly below market expectations of 11.30%.
  • Foreign Exchange Reserves in India decreased to $619.37 billion in August 13 from $621.46 billion in the previous week.

smallcase of the week

Investing in the biggest US and Indian companies!

Large-cap investing has generally been rewarding over the long term, especially for new and budding investors. This was the idea behind the Global Opportunities smallcase.

This smallcase invests in the top 100 companies in the US and India via ETFs. The top 100 companies in the US also gives exposure to the global technology giants that have been at the forefront of innovation and disruption. Read more about this smallcase, here.

Inside smallcase

SIPs with smallcase

SIP stands for Systematic Investment Plan. As the name suggests, it helps the investor allocate funds in a smart and disciplined manner. Timing the markets is a difficult task, but SIP eliminates that worry. With SIP, you can invest fixed amounts at regular intervals. You, then, stand to have an advantage over market volatility and do not need to monitor the markets constantly.

This image has an empty alt attribute; its file name is PW-Feature-Image-01-1024x640.png

Buy more when the price is low, less when the price is high. If on the SIP date, the stock price is high, you will be able to buy a lesser number of shares. And vice versa. This ensures that you invest more at lower prices and less at higher prices, and hence your overall cost of acquisition gets averaged out. Try out investing with SIPs in smallcases for passive, long-term wealth creation. Read more about SIPs, here.

And that’s all for this week. Take care, and happy investing! 🙂

You may want to read

image G20 Success: Sectors & Stocks in the Spotlight
Reading Time: 3 minutes
Last week, India was buzzing with excitement thanks to the G20 summit, and this enthusiasm spilt over to the stock market. The Nifty achieved the remarkable milestone of 20,000 mark for the very first time. One of the reasons for this was the G20 summit announcements which grabbed the interest of both domestic and foreign investors. So, let’s unpack what exactly happened at the G20 summit and how can it affect the stock market. 
image The Box Office Bull Run
Reading Time: 3 minutes
This week, we’re talking about the revival of the magic of movies as 2023 is proving to be a comeback year for the industry
image Tomato woes take a backseat: Indian economy marches on
Reading Time: 3 minutes
In the April-June quarter, India's GDP grew by 7.8% – the highest growth we've seen in four quarters. While other global economies like China are struggling amidst a global slowdown, India is out here defying the norm. No wonder the IMF expects India to have one of the highest economic growth in this FY24.

Your email address will not be published. Required fields are marked *

Markets snap 2-week winning streak
Share:
Share via Whatsapp