Auto Sector

Spot gold was down 0.1% at $1,945.66 per ounce. Futures for U.S. gold decreased 0.3% to $1,963.10.

Even as the start-up frenzy appears to be returning to the street, the start-up ecosystem is still trying to digest the finer points of the angel tax.

The latest week may not have been as robust as the previous two weeks, but that was expected after such a frenetic break-out rally.

The latest week to 02nd June 2023, did not see any substantial change in terms of the underlying trend of the CME Fedwatch.

In the latest issue of the Macro quartet, we look at the daily trend of 4 critical global macros that capture the financial markets outside of equities.

In our previous issue of NFO musings, we had discussed about the NFO of HDFC Defence Fund. This week we cover the NFO of Quant BFSI Fund.

He will oversee the Group strategy office in this capacity, closely coordinating with the Group's whole portfolio of businesses.

The core sector, incidentally, is a barometer of the infrastructure growth in India, and is a collection of 8 basic building blocks of the economy.

Paras Defence will hold a 30 % stake in the venture, while CONTROP will hold the remaining 70%.

Net sales for the quarter rose by 15.1% YoY, reaching Rs.138.10 crore