HDFC securities

The week gone by and ahead with HDFC Securities. #HDFCSecurities #StockMarket #WrapUp

Budget 2024 Decoded by HDFC Securities in partnership with LiveMint in a Snackable, Comprehensive Report! 📥 Download Now: https://lnkd.in/eG2bi8RK to See What’s in It for You!

Unlock the secrets to smart investing with HDFC Funds! Join us for an exclusive webinar: Diversify across market caps with HDFC Funds. Speaker: Mr Sachin Mehra, AVP - Distributor Alliances & Product Strategy, HDFC Mutual Fund. Host: Mr Saju Kallupurayidam, Product Manager, HDFC Securities. Scheduled for Friday, 26th July 2024 at 04:00 PM Don't miss out! Secure your spot now - https://lnkd.in/dpHYCvsm #HDFCSecurities #Webinar #Budget2024 #Investments

Listen to #MarketSavers Podcast on Spotify - https://lnkd.in/dMiUuNxJ The Dow posted modest gains, but the Nasdaq and S&P 500 booked a third straight day of losses, as investors remained cautious ahead of Friday's inflation update. US equities rallied earlier Thursday after data showed the pace of US growth picked up from the previous quarter — while moderating from last year. Gold fell more than 2% on Thursday, after a better-than-expected reading on U.S. gross domestic product led to expectations for higher-for-longer U.S. interest rates, which contributed to a drop in the price of the precious metal to the lowest level in more than two weeks. US economic growth accelerated by more than forecast in the second quarter, illustrating demand is holding up under the weight of higher borrowing costs. Gross domestic product increased at a 2.8% annualized rate after rising 1.4% in the previous quarter and 2% forecast. The personal consumption expenditures price index, a key measure for the Fed, rose 2.6% for the quarter, down from the 3.4% move in Q1. Core PCE prices were up 2.9%, down from 3.7%. Asian equities showed signs of recovery on Friday as traders balanced resilience in the US economy with firming expectations of Federal Reserve cuts in coming months. Nifty ended almost flat on July 25 after a low opening. At close, Nifty was down 0.03% or 7.4 points at 24406.1. Nifty formed a mildly bullish counterattack type candle. The recent weakness may have got arrested and we may see consolidation/upward bounce in the Nifty soon. Nifty could rise towards 24592 in the near term while 24141 could provide support.

We are honored to present an enlightening session hosted by The Guest Lectures Committee - K J Somaiya Institute of Management, featuring our esteemed Managing Director and CEO, Dhiraj Relli. In 'Careers & Conversations,' Mr. Relli eloquently addresses the students and faculty, speaking on the topic for the day, 'Embracing Change, Staying Relevant'. Mr. Relli aimed to share profound insights on navigating the ever-evolving business landscape and underscoring the paramount importance of leadership and foresight. At HDFC securities, we deeply value the opportunity to engage with the burgeoning talent of tomorrow and to gain fresh perspectives on their ambitions and concerns. This open dialogue highlighted the critical nature of fostering a transformational journey that transcends traditional classroom boundaries, encouraging students to extend their capabilities and cultivate a comprehensive skill set. Watch the full session on YouTube and join us in exploring the future of business leadership through the eyes of our next generation. Link - https://lnkd.in/dx3gdvAc

Listen to #MarketSavera Poscast on Spotify - https://lnkd.in/dMiUuNxJ U.S. stocks finished sharply lower on Wednesday, led by a 3.6% drop in the Nasdaq Composite, after disappointing earnings from megacap technology companies initiated a flight to safety by investors and sparked concerns that the AI optimism that has powered stock-market gains is losing steam. The U.S. PMI flash manufacturing output index fell to 49.5 in July - a six month low, unexpectedly slipping into contraction territory as new orders, production and inventories declined. Economists had forecast a reading of 51.5 In Asia, the People’s Bank of China cut its medium-term lending facility rate to 2.3% from 2.5% on Thursday, following a surprise reduction to a key short-term rate to boost slowing economic activity. Equities in Asia declined as investors began pulling back on the artificial-intelligence frenzy that has powered the bull market this year. Japan’s Nikkei 225 extended its six-day losing streak to plunge 2.6%. Reliance gets US approval to resume crude imports from Venezuela Hindustan Zinc explores doubling capacity; launches low-carbon zinc Adani Green Energy operationalises 250 MW wind capacity at Khavda, Gujarat Nifty fell for a fourth consecutive session on July 24 logging its worst streak since May 2024. At close, Nifty was down 0.27% or 65.6 points at 24413.5. Nifty could stay in the 24141-24595 band for the near term. Indian markets could open lower, in line with lower Asian markets today and sharply negative US markets on July 24

Is the Budget Making or Breaking Your Investments? Join us for The Budget Buzz: Deep Dive into Equity and F&O Trends Twitter Space event as we unravel the mysteries of the latest Union Budget with top research expert - Devarsh Vakil, and derivative analyst - Sonali Palande. Don't miss out on insights that could shape your financial future! Date: 25th July at 09:00 pm. Set your reminders and bring your questions - https://lnkd.in/dr_SCJrt #HDFCSecurities #Budget2024 #NirmalaSitharaman #Equity #Markets

Dhiraj Relli, MD & CEO of HDFC securities, shares his perspective on Nirmala Sitharaman's balanced budget, highlighting its sector-wide benefits. According to Relli, the budget addresses various sectors, ensuring that each one gets some attention. This balanced approach reflects an effort to meet the expectations of different states and demographics. For instance, rural expenditure is expected to see an increase, particularly in states like Bihar and Andhra Pradesh. This allocation is seen as a step towards achieving broader #economicinclusion and #development. However, Relli points out some concerns about increased #taxation impacting capital markets. He notes that while there have been increases in taxation on capital gains, the overall perspective for long-term and short-term capital gains remains more or less the same. Despite these changes, he believes that the market will adapt and continue to move forward. He emphasizes the need for clear definitions of long-term and short-term capital gains for various asset classes to ensure taxation clarity and stability for investors. Relli also highlights the growth expected in specific sectors. The consumer discretionary sectors, #infrastructure, and the #ruraleconomy are poised for significant development. The budget's allocation of ₹11 lakh crore, which constitutes 3.4% of #GDP, towards infrastructure and other critical sectors, is a positive sign for continued economic growth. He projects that this will contribute to a nominal GDP growth of around 10.5%, reflecting a strong and sustained economic trajectory. Moreover, Relli addresses the inherent volatility of the market. He advises #investors to adopt a staggered investment approach, emphasizing the importance of long-term growth strategies. Despite market fluctuations, he suggests investing sensibly and systematically, such as through SIPs or mutual funds, which will yield positive returns over time. He remains optimistic about the future, encouraging investments in domestic-facing companies and sectors that promise substantial returns in the long run. Additionally, Relli discusses the importance of financial literacy and guidance for new investors. With the increasing number of first-time Demat account holders, he emphasizes the need for sound financial advice and careful #investmentstrategies. He suggests consulting registered investment advisors or research analysts to navigate the market's complexities. Relli highlights the significance of financialization and equitization of savings, which he sees as crucial for long-term wealth creation and economic stability. Curious to hear more? Watch the full interview here https://lnkd.in/dXic69cT with Dhiraj Relli on Money9 for a deeper dive into his expert analysis #Nifty #NirmalaSitharaman #IncomeTax #EconomicSurvey #HDFCSky #HDFCSecurities #Budget2024 #UnionBudget #Budget2024 #BudgetSession #BudgetSession2024 #MSME #UrbanDevelopment

The Guest Lectures Committee - K J Somaiya Institute of Management presents 'Careers & Conversations', an exclusive platform for engaging with distinguished speakers from various fields as they reflect on their individual and professional journeys. Dhiraj Relli, Managing Director & CEO - HDFC securities, is the guest for the upcoming conversation and will speak on 'Embracing Change, Staying Relevant'. He worked as the Country Head - Branch Banking with Centurion Bank of Punjab, held various posts with ICICI Bank and other well-known financial services organisations. He is a member of the Trading Member Advisory Committee, NSE India and Member of the Advisory Committee of BSEIndia. As the MD & CEO of HDFC Securities, Dhiraj oversees all aspects of institutional, retail business and operations. He is currently working on strategy focused on transforming HDFC Securities into a 'customer-obsessed' organisation. The conversation will be hosted by Prof. Arun Thukral, Professor of Practice and Corporate Relations Lead, K J Somaiya Institute of Management. Check your mailbox for registration details. #KJSIM #KJSomaiyaInstituteofManagement #MBA #CareersandConversations #HDFCSecurities #CEO #ManagingDirector #Banking #EquityResearch #Leadership

Listen to #MarketSavera Podcast on Spotify - https://lnkd.in/dMiUuNxJ U.S. stocks finished lower on Tuesday as investors awaited earnings reports from Google parent Alphabet and electric-car maker Tesla after the closing bell. Small-cap stocks gained on Tuesday as a rotation out of megacap technology companies gathered more steam. In the kickoff to "Magnificent 7" earnings, Alphabet and Tesla both reported mixed quarterly results after the bell. US two-year yields fell after a solid $69 billion auction — which reflected market bets on rate cuts. Oil slumped amid algorithmic selling and low summer liquidity. Vice President Kamala Harris is projected to have secured delegate backing to become the Democratic presidential nominee, helping settle any remaining nerves over President Joe Biden's withdrawal from the race. Kamala Harris opened up a marginal two-percentage-point lead over Republican Donald Trump after President Joe Biden ended his re-election campaign and passed the torch to her, a Reuters poll found. Most Asian stocks traded in narrow range mostly on the negative side on Wednesday following losses on Wall Street after an mediocre start to the earnings reports from the “Magnificent Seven” megacap technology companies. The Indian market displayed high volatility on the day of Union Budget 2024 on 23rd July. Nifty ended the session with a minor fall of 0.12% and ended the session at 24479. Nifty managed to close above its 20 DMA support, placed at 24311 odd levels. On the higher side 24595 and 24855 could act as resistances, while 24074 becomes the new support for the Nifty.