Weekly Wealth Report
22nd July 2024 – 28th July 2024
(Weekly Wealth Newsletter and a Private Circulation from Creating Wealth Company)
Curated by
Mr. Sathish Kumar
Founder – Creating Wealth Company
Crorepathi Creator | Financial Consultant | Author | Speaker | Columnist | Youtuber
Phone – 9841058689
Mail – creatingwealthadvisory@gmail.com
Web – www.sathishspeaks.com
Issue 152, Weekly Wealth Newsletter
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- On 23rd July Finance Minister, Nirmala Sitharaman will present Union Budget for 24- 25 in Lok Sabha, making the first significant economic update on Modi 3.0 administration.
- Expectations are soaring and all eyes will be on the Economic Reforms Push, Infrastructure and Rationalisation of Tax & GST Rates,With a population exceeding 1.4 billion and a working age cohort expected to exceed 1 billion, consumer spending in India is forecasted to surpass $4 trillion by 2030.
- The industry and stock market in India have certain expectations from India Union Budget July 2024 such as tax cuts for lower income tiers to boost disposable income & consumption and experts hope for a budget that enhances consumer spending, but an outcome will depend upon policy decisions and economic conditions.
- From the upcoming budget, it is expected that the government enhances allocation for crucial farm sector schemes to strengthen the rural economy.
- This Budget is expected to outline strategies for India @ 2047 and ramping India to USD 5 Tn Economy by 2027.
Call us @ 63795 18807 to Handpick High Performing Funds and Stocks for your Portfolio
Weekly Market Pulse
- Domestic equity markets rose for the seventh consecutive week as key benchmark indices BSE Sensex and Nifty 50 rose 0.11% and 0.12%, respectively. However, the mid-cap segment and the small-cap segment closed the week in red.
- Domestic equity markets rose during the week, driven by fresh foreign fund inflows as sentiments remained positive for the upcoming Union Budget 2024 along with expectation of robust Q1FY25 earnings by domestic companies.
- Market reached record high levels, led by select information technology and FMCG heavyweights in anticipation of healthy first
quarter earnings of FY25. - On the BSE sectoral front, BSE Tech rose 2.32% in anticipation of healthy first quarter earnings of FY25.
- BSE FMCG gained 2% as the upcoming Union Budget 2024 is widely expected to have some pro-consumption measures to support lowincome households that would provide benefit to FMCG companies.
- The sector rose further buoyed by progress in the monsoon and kharif crops sowing
Mutual Fund Corner
Edelweiss Business Cycle NFO
An open ended High Aggressive Business Cycle NFO which helps investors to evaluate and invests in sectors & companies combining Momentum and Other Factors.
This is Predominantly a Large and Mid-Cap Portfolio focussing only top 300 Companies in Market Capitalization
This Business Cycle NFO will analyses factors to spot business cycle trends.
Key factors used in the model – Growth, Quality, Value & Momentum.
The model helps in constructing a portfolio of 60 stocks that are doing well in current cycle.
To invest in SIP & in Mutual Funds Click the link and start your investmentsinstantly ( You can also call us @ 7810079946 )
http://www.assetplus.in/partner/sathishkumar
Stock of the Week
Axis Bank CMP – 1292 Target – 1599 ( In 12 – 18 Month’s Time Frame)
- Axis Bank Limited is a private sector bank. It has the third-largest network of branches among private sector banks and an international presence through branches in DIFC (Dubai) and Singapore along with representative offices in Abu Dhabi, Sharjah, Dhaka and Dubai and an offshore banking unit in GIFT City.
- Strong Long Term Fundamental Strength with Tier 1 Capital Adequacy Ratio of 15.01%
- With a growth in Interest of 21.92%, the company declared Outstanding results in Mar 24
- High Institutional Holdings at 85.06%
- Healthy long term growth as Net profit has grown by an annual rate of 52.05%.
- A low ratio signifies bank has stronger due diligence systems when giving out loans.
- The company has declared positive results for the last 4 consecutive quarters.
- Multiple factors for the stock are Bullish like MACD, Bollinger Band, KST, DOW and OBV
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This week Media Publications
Middle Class to Million Dollar Book
Man and his struggle to generate and preserve wealth is eternal. One thing which is common among everyone in this society, that everyone has financial dream and aspiration to become Crorepati.
Middle Class to Million Dollar is a guide to understand how simple and common sense in Personal Finance can help you to get wealthy Corpus.
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To Buy my Untold Wealth Secret Book from Flipkart
This Newsletter is from Creating Wealth Company – For Private Circulation only.
For more information connect with Sathish Kumar @ 9841058689
You can also connect with us investments@sathishspeaks.com
Visit – www.sathishspeaks.com for More Details.
Disclaimer
Mutual Funds and Stock Market Investments are subject to market risks, pls read all scheme-related documents carefully. The past performance of the mutual fund is not necessarily indicative of future performances. Mutual fund does not guarantee any returns or dividends.
This report is for informational purposes only and contains information, opinions, and material obtained from reliable sources every effort has been made to avoid errors and omissions and is not to be construed as advice or an offer to act on views expressed therein or an offer to buy and/or sell any securities or related financial instruments, we shall not be responsible and/or liable to anyone for any direct or consequential use of the contents thereof. Reproduction of the contents of this report in any form or by any means is prohibited.
