Our Weekly Update on Markets

1st September 2023

All About India
Weekly Change

Nifty: BSE 500:

Equity: 19,435.30 (+0.86%) +1.31%
Viacom18, a RIL company gets the rights for all bilateral
cricket matches to be played in India for the next 5 years.
Jio Financial Services has been removed from BSE Sensex.

Aug’2032 10-Year GSec at

Debt: 7.174%, -2.8bps
Debt flows in India hit a 6-year high, more than
₹28,200 crores.
Global funds pump debt flows into Indian Real Estate.

Macro Events:
Services PMI rose to 58.6 in July.

India's GDP growth rate records at 7.8%.

Flexi Wrap
All About Global
Weekly Change
Dow: S&P500: MSCI World:
Equity: +0.66% +1.89% +0.28%
European stocks slid for another negative month.

UBS hit a multi-year high as it plans to axe 3,000 jobs

in Switzerland to cut $10 billion in costs.
10-Year U.S. Yield at
Debt: 4.186%, -4.8bps
Almost two-thirds of junk bonds issued so far in
2023, worth $70 billion, have been secured bonds.
Chinese developer Country Garden wins approval
to extend onshore bond.

Macro Events:
U.S. GDP revised down to 2.1% in Q2.

U.S. unemployment rate rises to 3.8%.

Flexi Wrap
Disclaimers
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References: CNBC, Bloomberg