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Here’s what the markets were up to in the week gone by;
Markets made a spectacular recovery, gaining as much as four and a half percent from the early week lows, carrying over positive momentum for the second week running. Both Nifty and Sensex gained over 2.6% for the week, with Nifty closing above the 17k mark while Sensex at around 57.5k.
On the sectoral front, Auto, PSU Bank and FMCG indices posted minor losses. Metals shined, gaining over 7.7% for the week.
On the global front, US markets shrugged off negative GDP growth figures and posted another week of solid gains. European markets too look unfazed by the latest inflation print. Asian markets, however, ended the week in losses. Here’s how the major global markets fared;
The US economy contracted for the second straight quarter with the latest GDP growth coming in at -0.9%. Igniting fears of recession. The GDP shrank -1.6% YOY in the first quarter.
The annual inflation rate in the Eurozone accelerated to 8.9% in July from 8.6% a month earlier.
|1st August||2nd August||3rd August||4th August||5th August||6th August|
|Castrol India||Adani Green Energy||Adani Transmission||Adani enterprises||Alkem Labratories||SBI|
|Escorts Kubota Ltd.||Bank of India||Aditya Birla Capital||Alembic Pharma||CAMS Ltd.||Marico Ltd.|
|ITC Ltd.||Bosch Ltd.||Birlasoft||Balrampur Chini Mills||Fortis Healthcare||Amara Raja Battries|
|Kansai Nerolac Paints||Deepak Nitrite||Chambal Fertilisers||Bankrishna Industries||Mahindra & Mahindra Ltd.||Affle India Ltd.|
|Max Financial Services||Godrej Properties||Godrej Consumer Products||Bayer Corpscience||NMDC Ltd.|
|Thyrocare Technologies||Indus Towers||Inox Leisure||Berger Paints||Nykaa Ltd.|
|UPL Ltd.||Siemens Ltd.||InterGlove Aviation||BHEL Ltd.||Paytm|
|Varun Beverages||Voltas Ltd.||KEC International||Britannia Industries||Petronet LNG Ltd.|
|Zomato Ltd.||Lupin Ltd.||Container Corp. of India||Pfizer Ltd.|
|PI Industries||Dabur India||Titan|
|Prism Johnson||Dalmia Bharat|
|Tata Coffee||GAIL Ltd.|
|Vodafone Idea||HPCL Ltd.|
|LIC housing Finance|
The key event to watch out for this week will be RBI’s monetary policy committee meeting scheduled from 3rd to 5th August, with the outcome expected on 5th August. Along with this, the Bank of England’s interest rate decision is scheduled on 4th August.
Fed hiked interest rates by 0.75% in the week gone by. Here’s how the latest interest rates look like across economies:
|1st August||2nd August||3rd August||4th August||5th August|
|India||S&P Global Manufacturing PMI (JUL)||China||Caixin Services PMI (JUL)||UK||BoE Interest Rate Decision||India||RBI Interest Rate Decision|
|S&P Global Services PMI (JUL)||Eurozone||Services PMI (JUL)||US||Jobless Claims||US||Non-farm Payrolls|
|China||Caixin Manufacturing PMI (JUL)||Markit Composite PMI (JUL)||Unemployment Rate|
|Eurozone||Manufacturing PMI (JUL)||US||ISM Non-Manufacturing PMI (JUL)|
|Unemployment Rate||Services PMI (JUL)|
|US||ISM Manufacturing PMI (JUL)||Crude Oil Inventories|