Benchmark indices closed in the green during a truncated trading week
The Bigger Picture
The Indian economy expanded 3.1% year-on-year in the 1st Quarter of 2020, beating market forecasts of a 2.1% rise
This is the slowest GDP growth since quarterly data became available in 2004
Infrastructure output in India plunged 38.1% year-on-year in April, 2020
Foreign Portfolio Investors (FPIs) pumped in ₹14,569 crore into Indian equity markets during May 2020. However they have pulled out ₹40,345 crore so far this year
Matter of Fact
This week, let’s take a look at a bit of Banking History …
The world’s first bank is Monte Dei Paschi di Siena, founded in 1472, and headquartered in Tuscany, Italy. It still operates today!
Investing Insights
Laborers can Work from Home too
A fortnight ago, the Finance Minister, Nirmala Sitharaman announced a series of relief measures in the hopes of containing the malaise caused by the advent of Covid-19. In an effort to make you aware of these relief measures, we kickstarted a series to elaborate on some of them. If you haven’t already, read Part 1 here.
The 2nd part of this series talks about how the government has increased fund allocation under the Mahatma Gandhi National Rural Employment Guarantee Act. To ensure that migrant laborers have enough job opportunities when they go back home, the act strives to provide at least 100 days of wage employment to households in the rural areas. Read more about it, here.
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Senior Director, Windmill Capital | The content in this article is purely the author’s personal opinion and is for informational and educational purposes only. It should not be construed as professional financial advice and nor to be construed as an offer to buy /sell or the solicitation of an offer to buy / sell any security or financial products.
The views and opinions stated in the content belong to the author. Windmill Capital Private Limited does not uphold nor promote any of the views / opinions. | Windmill Capital Private Limited is a SEBI registered research analyst (Regn. No. INH200007645)
India's Q2 GDP performance stole the show, clocking in at an impressive 7.6%, a pleasant surprise that outpaced the general consensus. Notably, India maintained its lead over China, which posted a GDP growth of 4.9% in the July-September quarter.
Last week on the D-street was like an IPO carnival! The initial public offering (IPO) market seems to be in an unprecedented bull wave, with the debut of five IPOs aiming to raise ₹7,400 crore from investors. This is no small feat — five IPOs in a week is a rare sight.
So, diving into this week, let's explore India's consumption story. Amidst all the talk about India becoming a major economy, increased consumption stands out as a crucial pillar for this growth.
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So, diving into this week, let's explore India's consumption story. Amidst all the talk about India becoming a major economy, increased consumption stands out as a crucial pillar for this growth.