Forum Views - August 2023
Welcome to interactive presentation, created with Publuu. Enjoy the reading!
Dr. Vispi Rusi Bhathena, PhD (h.c.)
Chief Executive Officer
Dr. V. Aditya Srinivas
Chief Operating Officer
and Chief Economist
FORUM VIEWS, AUGUST 2023 edition
The Indian stock markets scaled to all time high on the back of strong foreign institutional buying,
and the strong economic data supporting the market sentiments. The FIIs have invested more than
INR 32,000 crores in the month of June 2023 and in the month of July till the 11th they invested INR
22,000 crores; this has made the market to touch at all-time high. Even the domestic investors
seem to be taking part in the rally as the SIP amount has been consistent to INR 14,700 crores
which shows the confidence of retail investors in the India growth story.
F R O M
THE
BBF SECRETARIAT
The total AUM of the
the retail investors in the long-term growth story of India is quite visible from the fact the way SIP
flows are coming into the markets.
The lowering of inflation and sentiments that rate cut could start at the end of this year has send
positive vibes for the global stock markets. The GST collection for the month of June had again
been robust with more than INR 1.5 lac crores.
Consumer Price Index (CPI) data has slightly increased to 4.81% from 4.25% but which is still less
than the target zone of 6% of RBI. The Index of Industrial Production (IIP) data has improved from
4.2% to 5.2% which shows that the manufacturing activity is rising, and economy is gaining further
momentum.
At the global level also, the Indian economy is the silver line with GDP growth of 6.1% while the
world average is around 2.2% GDP and the US economy growing at 1.3% GDP. This indicates that
the world will witness the growth story of India with the economy gaining close to $ 3.75 Trillion.
Indian Mutual Fund industry has touched INR 44 lac crores. The confidence of
From
to You...
BBF
FORUM VIEWS - AUGUST 2023
On the BBF front:
Day/ Date
Interactive webinar(s) on
Upstreaming of clients’ funds by Stock Brokers (SBs) / Clearing Members
(CMs) to Clearing Corporations (CCs)
Monday, 3rd July 2023
BBF conducted OVER 30 SEMINARS towards investor
education and awareness initiatives which were attended
by MORE THAN 1600 participants.
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52