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Key Events for the Month of August 2024
• India’s CPI inflation eased to 3.54% in July from 5.08% in June, marking the first time in nearly five years
that it dropped below the RBI’s 4% target.
• In July, India’s WPI inflation eased to 2.04%, down from June’s 16-month high of 3.36%, primarily driven
by a sharp decline in food prices.
• RBI MPC kept the Repo Rate Unchanged at 6.5% for the ninth consecutive time, continuing its
“withdrawal of accommodation” stance.
• India's GDP moderated to 6.7% in the first quarter of the FY 2024-25, down from the 8.2% growth
recorded in the same quarter of the previous year.
• India’s Manufacturing Sector slowed slightly in July, with the Manufacturing PMI easing to 58.1 from 58.3
in June.
• India's GST collections for August 2024 rose by 10% compared to the same month last year, reaching Rs
1.75 lakh crore.
• Indian equity indices extended their gains in August, with the Nifty and Sensex closing the month higher
by 1.14% and 0.76%, respectively.
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Sectoral Index Performance |
| Name | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years |
| Nifty Auto Index | 11.8% | 28.2% | 67.0% | 37.7% | 30.1% |
| Nifty Bank Index | 4.8% | 11.3% | 16.7% | 12.1% | 13.3% |
| Nifty Energy Index | 8.7% | 12.7% | 70.1% | 29.2% | 24.9% |
| Nifty Financial Services Index | 8.8% | 15.8% | 20.6% | 9.4% | 13.7% |
| Nifty FMCG Index | 16.5% | 16.7% | 23.4% | 16.8% | 16.6% |
| Nifty Healthcare Index | 23.0% | 21.4% | 53.0% | 16.5% | 25.0% |
| Nifty Infrastructure Index | 8.7% | 16.6% | 58.5% | 26.0% | 25.7% |
| Nifty IT Index | 32.1% | 13.4% | 37.3% | 7.4% | 21.7% |
| Nifty Media Index | 12.5% | 2.7% | -8.2% | 9.5% | 1.9% |
| Nifty Metal Index | -3.3% | 18.7% | 41.2% | 18.1% | 32.6% |
| Nifty Pharma Index | 23.5% | 22.2% | 53.8% | 17.4% | 23.5% |
| Nifty Psu Bank Index | -5.4% | 0.8% | 56.4% | 44.1% | 23.0% |
| Nifty Realty Index | 3.3% | 15.7% | 88.6% | 39.6% | 31.5% |
| BSE Consumer Durables Index | 15.8% | 24.1% | 42.7% | 19.4% | 22.1% |
| BSE Industrial Index | 7.3% | 29.8% | 62.1% | 47.3% | 42.2% |
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Global Index Performance |
| Name | 3 Month | 6 Month | 1 Year | 3 Years | 5 Years |
| MSCI World | 6.3% | 9.7% | 22.6% | 5.2% | 11.3% |
| MSCI Emerging | 4.9% | 7.7% | 12.2% | -5.6% | 2.2% |
| MSCI India index | 12.5% | 17.5% | 40.4% | 15.2% | 19.3% |
| DJIA | 7.4% | 6.6% | 19.7% | 5.5% | 9.5% |
| Nasdaq Composite Index | 5.8% | 10.1% | 26.2% | 5.1% | 17.3% |
| Nikkei 225 | 0.4% | -1.3% | 18.5% | 11.2% | 13.3% |
| Shanghai Composite | -7.9% | -5.7% | -8.9% | -7.1% | -0.3% |
| Deutsche Boerse AG german Stock Index DAX | 2.2% | 7.0% | 18.6% | 6.1% | 9.6% |