Who wrote this article?

CM Team, Capitalmind's research team.

What topics does this article cover?

GST, Saturday Coffee, What we are Reading

What does the "🔆 Saturday Coffee Newsletter" section say?

Market Overview: Top Stocks & Asset Classes Good Reads: 5 good reads on investing & finance Off the chart: GST collections break record Pop Quiz: Answer and win a cool prize!

What does the "What we are reading 📝" section say?

“Taxation is the price we pay for civilisation”, as the saying goes. But what happens when the price tag keeps going up? Listen in: Here’s why taxes impact your investing decisions The world has a new largest country, and it's on the move. Read: Here...comes...INDIA!!! Three previously solid, medium-size banks suddenly faced annihilation. The blame lies with the system itself. Read: Why Banks Keep Failing How can quant and fundamental analysts apply LLMs like ChatGPT? Read: ChatGPT: Copilot Today, Autopilot Tomorrow? How to be patient when investing in the stock market. Stock Market Tops, Bottoms & Middles

[Newsletter]: GST collection breaks record, Market Overview & More

USDINR and Nifty 50 are both going strong but today, they are where they were last week. Gold is super strong and it inched up another 2%. Crude is weak this weak and over the year as well (down 33%). S&P 500 was down 2.2% this week as the US markets try to find its feet again amidst inflation, failing banks, rate hikes and job cuts.

6 May 2023CM Team2 min read

Quick Facts

What is "[Newsletter]: GST collection breaks record, Market Overview & More" about?: USDINR and Nifty 50 are both going strong but today, they are where they were last week. Gold is super strong and it inched up another 2%. Crude is weak this weak and over the year as well (down 33%). S&P 500 was down 2.2% this week as the US markets try to find its feet again amidst inflation, failing banks, rate hikes and job cuts.
What category is this article in?: General
Who wrote this article?: CM Team, Capitalmind's research team.
When was this article published?: Published 6 May 2023.
How long does this article take to read?: 2 min read
What topics does this article cover?: GST, Saturday Coffee, What we are Reading
What does the "🔆 Saturday Coffee Newsletter" section say?: Market Overview: Top Stocks & Asset Classes Good Reads: 5 good reads on investing & finance Off the chart: GST collections break record Pop Quiz: Answer and win a cool prize!
What does the "What’s up with markets? 📉📈" section say?: USDINR and Nifty 50 are both going strong but today, they are where they were last week. Gold is super strong and it inched up another 2%. Crude is weak this weak and over the year as well (down 33%). S&P 500 was down 2.2% this week as the US markets try to find its feet again amidst inflation, failing banks, rate hikes and job cuts.
What does the "Off the chart! 🚀" section say?: India's GST revenues hit a record high of INR 1.87 trillion clearly indicating that economy is firing on all cylinders. The surge in GST collections indicates positive signs of growth and recovery, instilling confidence in the future of the Indian economy. The strong GST collections reflect increased economic activity, improved compliance, and effective tax administration.
What does the "What we are reading 📝" section say?: “Taxation is the price we pay for civilisation”, as the saying goes. But what happens when the price tag keeps going up? Listen in: Here’s why taxes impact your investing decisions The world has a new largest country, and it's on the move. Read: Here...comes...INDIA!!! Three previously solid, medium-size banks suddenly faced annihilation. The blame lies with the system itself. Read: Why Banks Keep Failing How can quant and fundamental analysts apply LLMs like ChatGPT? Read: ChatGPT: Copilot Today, Autopilot Tomorrow? How to be patient when investing in the stock market. Stock Market Tops, Bottoms & Middles

Market Overview: Top Stocks & Asset Classes
Good Reads: 5 good reads on investing & finance
Off the chart: GST collections break record
Pop Quiz: Answer and win a cool prize!

What’s up with markets? 📉📈

Consumer durable stocks were the top gainers this week with a 2.1% gain while private banks had tough week (or rather a tough Friday) as the index lost 1.9%. NSE 500 is about twice as it was 5 years back!

Off the chart! 🚀

India’s GST revenues hit a record high of INR 1.87 trillion clearly indicating that economy is firing on all cylinders. The surge in GST collections indicates positive signs of growth and recovery, instilling confidence in the future of the Indian economy. The strong GST collections reflect increased economic activity, improved compliance, and effective tax administration.

The latest GST collections number, is quite literally off the chart!

What we are reading 📝

“Taxation is the price we pay for civilisation”, as the saying goes. But what happens when the price tag keeps going up? Listen in: Here’s why taxes impact your investing decisions
The world has a new largest country, and it’s on the move. Read: Here…comes…INDIA!!!
Three previously solid, medium-size banks suddenly faced annihilation. The blame lies with the system itself. Read: Why Banks Keep Failing
How can quant and fundamental analysts apply LLMs like ChatGPT? Read: ChatGPT: Copilot Today, Autopilot Tomorrow?
How to be patient when investing in the stock market. Stock Market Tops, Bottoms & Middles

Pop Quiz 🙋‍♂️

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Connect the dots:

Petro China = November 2007

Apple = August 2018

Amazon = September 2018

Microsoft = June 2019

Alphabet = January 2020

Meta = June 2021

Tesla = October 2021

What common thing happened for these companies?

(Hint: This newsletter already has one has the words that makes up the answer)

Hit reply to this email and answer.

Each week, we randomly pick one winner who gets something cool!

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