Auto Sector

The price of West Texas Intermediate crude (WTI), a major benchmark, increased by 7 cents, or 0.1%, to $83.70 per barrel in early Asian trading

Within industry, Mfg. showed a marginal pick-up but was still tepid at 4.7% YoY. Construction came in strongly at 8% compared to 10% in Q4, and Services showed broad-based acceleration rising to 10% vs 7% in Q4.

After prices reached one-month highs on Wednesday, spot gold increased 0.2% to $1,942.56 per ounce

The U.S. dollar index, which compares the value of the dollar to a basket of six developed-market currencies such as the euro, sterling, and yen, decreased 0.05% on Friday to 103.58

Investors with very high risk appetite and want to invest for 5 to 7 years to diversify the portfolio across market cap should invest in WhiteOak Capital Multi Cap Fund.

If the GDP growth for FY23 at 7.2% was impressive, then the GDP growth estimate for Q1-FY24 has come in still higher at 7.8%.

On the last day of August 2023, the Office of the Economic Advisor announced core sector growth for June 2023.

Let us look at the August 2023 mutual fund performance; across the gamut of equity and debt funds.

In conversation with Sheetal Agarwal of IIFL, management of the company discusses the company’s strengths, opportunities and future outlook.

The Nashik-based company has reserved 15% shares of the public issue for high networth individuals and the remaining 35% for retail investors.