Indian equity benchmark -- Nifty -- ended Wednesday’s trading session in deep red, as traders were cautious after ratings agency Fitch cut the US credit rating from AAA to AA+, citing expected fiscal deterioration over the next three years. Index made a negative start, as sentiments were downbeat with report stating that India’s services trade surplus fell to $36.4 billion in the April-June quarter of 2023-24, the lowest in three quarters, as services export growth slowed down amid the economic downturn in developed economies. Traders were also concerned amid foreign fund outflows. According to the provisional data available on the NSE, foreign institutional investors (FII) sold shares worth net Rs 92.85 crore on August 1.
In afternoon session, index extended its losses and slipped in deep red, as investors were cautious with reports stating that the central government's debt stood at Rs 155.6 lakh crore or 57.1 per cent of the GDP at the end of March 2023. Traders overlooked a report stating that India and the UK are close to concluding negotiations for a proposed free trade agreement (FTA), chief negotiators of both countries will hold the 12th round of talks from August 7. Both sides are looking at concluding the talks before the end of the year. Finally, index ended in negative terrain with over a percent cut.
All the sectorial indices ended in red. The top gainers from the F&O segment were Indiabulls Housing Finance, PVR INOX and Berger Paints India. On the other hand, the top losers were Piramal Enterprises, Max Financial Services and Zee Entertainment Enterprises. In the index option segment, maximum OI continues to be seen in the 19900 - 20100 calls and 19600 - 19800 puts indicating this is the trading range expectation.
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
Our Vision
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
What Makes MoneyWorks4Me Different
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Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
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Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
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Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
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Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
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Partner with Clients.
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Our Approach: Ensuring compounding work its magic on client portfolio.
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