Auto Sector

The week saw a robust performance by the Nifty after 2 weeks of the Nifty drifting in a range.

The latest week to June 16, 2023, saw some very decisive changes happening in the CME Fedwatch.

Our weekly macro quartet captures the 4 very critical macro points for markets; the 10-year bond yield, the USDINR exchange rate, Brent Crude oil prices and the spot prices of gold.

Around $4.2 billion in total debt repayment falling due in FY24 In the first quarter, the company has already paid $2 billion of this.

The Indian rupee displayed strength as it gained 25 paise to settle at 81.93 per dollar, surpassing the previous closing of 82.18.

The stock listed at Rs 392.5 on NSE, a premium of 37.71% and at Rs 391 on BSE, up 37.19%, as against the offer price.

The higher trade deficit was caused by exports falling sharply on the back of weak global demand amidst rising concerns of a slowdown.

SoftBank, a prominent investor in Indian startups, known for supporting over 20 unicorns, has adopted a cautious and selective approach in 2023, refraining from participating in any funding rounds.

The bank announced in a BSE filing that Vasudevan has been re-appointed for a term of three years beginning July 23, 2023.

The reports indicated that an announcement might be made as soon as the Prime Minister of India, Narendra Modi, visits the United States the following week.