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Weekly
News
10th April 2023
© RightFocus Investments Pvt. Ltd.
SEBI Registered Investment Adviser (INA200006628)
Snapshot
Domestic gold prices jump to a lifetime
high
The Biggest ETF Launch Ever
Is Just a $2 Billion ESG Fund
Reshuffle
Collective market share of PSU
general insurers falls 175 bps
01
03
04
05
© RightFocus Investments Pvt. Ltd.
SEBI Registered Investment Adviser (INA200006628)
Weekly Market News
06 Other News
RBI holds the repo rate
02
Weekly Market News
© RightFocus Investments Pvt. Ltd.
SEBI Registered Investment Adviser (INA200006628)
Index % Change
(Last week)
% Change
(yearly)
Nifty 50 1.36% 0.84%
Nifty Midcap 150 0.95% 1.45%
Nifty Small Cap 250 3.79% 9.28%
Nifty IT 2.69% 19.81%
Nifty Bank 2.83% 9.06%
Nasdaq 100 0.77% 10.11%
S&P 500 1.34% 8.78%
Dow Jones 1.91% 3.18%
Nifty Pharma 2.78% 10.79%
RBI holds repo rate
© RightFocus Investments Pvt. Ltd.
SEBI Registered Investment Adviser (INA200006628)
• The RBI maintained the repo rate, the rate at which it lends money to banks, at 6.5%.
• Consequently the SDF rate will remain at 6.25% and MSF at 6.75%.
• SDF rate being the rate of interest at which RBI absorbs the excess liquidity out of the
commercial banking sector and into RBI.
• MSF rate is the rate at which commercials banks borrow funds from RBI at an
emergency when inter-bank liquidity dries up entirely.
Domestic gold prices jump to a lifetime high
© RightFocus Investments Pvt. Ltd.
SEBI Registered Investment Adviser (INA200006628)
• Prices of gold jumped to a lifetime high again in the domestic market on Wednesday,
crossing the ₹61,000 mark per 10 grams.
• Prices on the COMEX rose to a 13-month high, while the June futures contract of gold
touched a lifetime high of ₹61,181 on MCX Wednesday.
• US ISM Manufacturing PMI released on Monday pointed to a fifth straight month of
contraction in factory activity, in a sign that tighter credit conditions are already hurting
the economy
The Biggest ETF Launch Ever Is Just a $2 Billion ESG
Fund Reshuffle
© RightFocus Investments Pvt. Ltd.
SEBI Registered Investment Adviser (INA200006628)
• The record-breaking fund was the Extractors MSCI USA Climate Action Equity ETF, which
debuted with $2 billion in assets on Tuesday — outpacing the $1.35 billion launch of the
Goldman Sachs Market Beta US 1000 Equity ETF.
• But far from setting a new market for the ETF industry or the popularity of investments
that meet high environmental, social, or governance standards, it was merely a shuffling.
• The cash provided by the Finnish pension giant was just transferred from the Xtracors
MSCI USA ESG Leaders Equity ETF, which duly recorded an outflow of $2 billion on
Tuesday
Collective market share of PSU general insurers falls 175
bps
© RightFocus Investments Pvt. Ltd.
SEBI Registered Investment Adviser (INA200006628)
• Collective market share of the four public sector general insurance companies
fell 175 basis points year-on-year to 32.27% at the end of 2022-23.
• During FY23, every state-run general insurer — New India Assurance, United
India Insurance, Oriental Insurance Company and National Insurance Company
— lost market share in terms of the gross direct premium underwritten, amid
intense competition from private peers, data from the General Insurance Council
showed.
Other News
© RightFocus Investments Pvt. Ltd.
SEBI Registered Investment Adviser (INA200006628)
• Jindal Steel, PNB, IDBI Bank may get AMFI large cap tag.
• National Pension Scheme, Atal Pension Yojana enrollments cross 1.35 crores.
• Dogecoin rose over 30% after Twitter changed its logo to an image of a shiba inu dog,
the digital coin’s symbol.
Share it with your friends
Any Enquiries, Contact us
info@finatoz.com
+91 9916055544
www.finatoz.com
© RightFocus Investments Pvt. Ltd.
SEBI Registered Investment Adviser (INA200006628)

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Weekly News 10th April 2023....pptx

  • 1. Weekly News 10th April 2023 © RightFocus Investments Pvt. Ltd. SEBI Registered Investment Adviser (INA200006628)
  • 2. Snapshot Domestic gold prices jump to a lifetime high The Biggest ETF Launch Ever Is Just a $2 Billion ESG Fund Reshuffle Collective market share of PSU general insurers falls 175 bps 01 03 04 05 © RightFocus Investments Pvt. Ltd. SEBI Registered Investment Adviser (INA200006628) Weekly Market News 06 Other News RBI holds the repo rate 02
  • 3. Weekly Market News © RightFocus Investments Pvt. Ltd. SEBI Registered Investment Adviser (INA200006628) Index % Change (Last week) % Change (yearly) Nifty 50 1.36% 0.84% Nifty Midcap 150 0.95% 1.45% Nifty Small Cap 250 3.79% 9.28% Nifty IT 2.69% 19.81% Nifty Bank 2.83% 9.06% Nasdaq 100 0.77% 10.11% S&P 500 1.34% 8.78% Dow Jones 1.91% 3.18% Nifty Pharma 2.78% 10.79%
  • 4. RBI holds repo rate © RightFocus Investments Pvt. Ltd. SEBI Registered Investment Adviser (INA200006628) • The RBI maintained the repo rate, the rate at which it lends money to banks, at 6.5%. • Consequently the SDF rate will remain at 6.25% and MSF at 6.75%. • SDF rate being the rate of interest at which RBI absorbs the excess liquidity out of the commercial banking sector and into RBI. • MSF rate is the rate at which commercials banks borrow funds from RBI at an emergency when inter-bank liquidity dries up entirely.
  • 5. Domestic gold prices jump to a lifetime high © RightFocus Investments Pvt. Ltd. SEBI Registered Investment Adviser (INA200006628) • Prices of gold jumped to a lifetime high again in the domestic market on Wednesday, crossing the ₹61,000 mark per 10 grams. • Prices on the COMEX rose to a 13-month high, while the June futures contract of gold touched a lifetime high of ₹61,181 on MCX Wednesday. • US ISM Manufacturing PMI released on Monday pointed to a fifth straight month of contraction in factory activity, in a sign that tighter credit conditions are already hurting the economy
  • 6. The Biggest ETF Launch Ever Is Just a $2 Billion ESG Fund Reshuffle © RightFocus Investments Pvt. Ltd. SEBI Registered Investment Adviser (INA200006628) • The record-breaking fund was the Extractors MSCI USA Climate Action Equity ETF, which debuted with $2 billion in assets on Tuesday — outpacing the $1.35 billion launch of the Goldman Sachs Market Beta US 1000 Equity ETF. • But far from setting a new market for the ETF industry or the popularity of investments that meet high environmental, social, or governance standards, it was merely a shuffling. • The cash provided by the Finnish pension giant was just transferred from the Xtracors MSCI USA ESG Leaders Equity ETF, which duly recorded an outflow of $2 billion on Tuesday
  • 7. Collective market share of PSU general insurers falls 175 bps © RightFocus Investments Pvt. Ltd. SEBI Registered Investment Adviser (INA200006628) • Collective market share of the four public sector general insurance companies fell 175 basis points year-on-year to 32.27% at the end of 2022-23. • During FY23, every state-run general insurer — New India Assurance, United India Insurance, Oriental Insurance Company and National Insurance Company — lost market share in terms of the gross direct premium underwritten, amid intense competition from private peers, data from the General Insurance Council showed.
  • 8. Other News © RightFocus Investments Pvt. Ltd. SEBI Registered Investment Adviser (INA200006628) • Jindal Steel, PNB, IDBI Bank may get AMFI large cap tag. • National Pension Scheme, Atal Pension Yojana enrollments cross 1.35 crores. • Dogecoin rose over 30% after Twitter changed its logo to an image of a shiba inu dog, the digital coin’s symbol.
  • 9. Share it with your friends Any Enquiries, Contact us info@finatoz.com +91 9916055544 www.finatoz.com © RightFocus Investments Pvt. Ltd. SEBI Registered Investment Adviser (INA200006628)