Who wrote this article?

CM Team, Capitalmind's research team.

What topics does this article cover?

HDFC Bank, Saturday Coffee, What we are Reading

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

Market Overview: Top Indices & Asset Classes Mammoth Merger: HDFC is now one big bank! Good Reads: 5 good reads on investing & finance Pop Quiz: Answer and win a cool prize!

[Newsletter] Merger of Mammoths, Market Overview and 5 Good Reads!

This week, Gold, Crude, and USDINR experienced gains across all asset classes, while the S&P 500 faced headwinds. The Nifty 50 also had a positive week, reaching new highs. Notably, over the past year, the Nifty 50 has outperformed gold, surpassing it as a stronger performer.

8 Jul 2023CM Team3 min read

Quick Facts

What is "[Newsletter] Merger of Mammoths, Market Overview and 5 Good Reads!" about?: This week, Gold, Crude, and USDINR experienced gains across all asset classes, while the S&P 500 faced headwinds. The Nifty 50 also had a positive week, reaching new highs. Notably, over the past year, the Nifty 50 has outperformed gold, surpassing it as a stronger performer.
What category is this article in?: General
Who wrote this article?: CM Team, Capitalmind's research team.
When was this article published?: Published 8 July 2023.
How long does this article take to read?: 3 min read
What topics does this article cover?: HDFC Bank, Saturday Coffee, What we are Reading
What does the "🔆 Saturday Coffee Newsletter" section say?: Market Overview: Top Indices & Asset Classes Mammoth Merger: HDFC is now one big bank! Good Reads: 5 good reads on investing & finance Pop Quiz: Answer and win a cool prize!
What does the "Mammoth merger: HDFC Bank gets bigger 🚀" section say?: The biggest merger in India in the last decade is now complete. As of 14th July 2023, HDFC shares will stop trading.

Market Overview: Top Indices & Asset Classes
Mammoth Merger: HDFC is now one big bank!
Good Reads: 5 good reads on investing & finance
Pop Quiz: Answer and win a cool prize!

What’s up with markets? 📉📈

This week, media stocks have seen a pleasing increase of 8.7%, although the sector has been one of the worst performers over the course of the year. On the other hand, PSU stocks have also gained 8.5% this week and have been among the best performers throughout the year. The NSE 500 experienced a modest gain of 0.8% this week, but has shown a notable increase of 20% over the past year.

Mammoth merger: HDFC Bank gets bigger 🚀

The biggest merger in India in the last decade is now complete. As of 14th July 2023, HDFC shares will stop trading.

HDFC and HDFC Bank, the two giants of the Indian financial industry, are fusing into one. And creating a behemoth bank that will be India’s second-largest, even if it’s still going only to be half of the mammoth State Bank of India.

The new HDFC Bank, after gobbling up its promoter, HDFC, will look something like this.

What the HDFC Bank merger really means for investors

Read: What the HDFC Bank merger really means for investors

What we are reading 📝

A lot of other people are trying to be brilliant and we are just trying to stay rational. And it’s a big advantage. Read: What Do the Best Investors Do That the Rest Don’t?

Most investors know how to find attractive stocks to buy. But when should you sell a stock? Read: Reasons to sell a stock

Seven research studies reveal the people, incentives, and environments that create innovation. Read: Where Do Great Ideas Come From?

Morgan Housel shares a compilation of thought-provoking quotes. Read: Smart Things Smart People Said

Taxes are an emotive issue. The amount of tax we pay – this is “Daylight Robbery”. How often have we said this! Strange, but the origin of the phrase itself lies in taxation. Read: Daylight Robbery - Taxes in History

Pop Quiz 🙋‍♂️

Identify the company.

Inaugurated on 26 July 1984, a plant was set up to manufacture quartz based products in the State Industries Promotion Corporation of Tamil Nadu, Ltd. Industrial area at Hosur. This company gets its name from a JV between an Indian industrial house and TIDCO.

Figure out the acronym and name the company.

Hit reply to this email and answer.

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

Last week’s winner: Shilpi K

Last week’s answer: Coca-Cola

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