SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Nifty witnesses massacre ahead of US Fed meet outcome

20 Sep 2023 Evaluate

Indian equity benchmark -- Nifty -- ended Wednesday’s trading session in a deep red terrain ahead of the US Fed meet outcome later tonight. Besides, the Bank of England and the Bank of Japan are also set to announce their interest-rate decisions later in the week. Index made a negative start, as investors were concerned after the equity foreign direct investment (FDI) into India declined sharply to $13.9 billion in April-July 2023 from $22.04 billion a year ago, showing the effect of the slowdown in global economic activity. Some cautiousness also crept in with exchange data showing that foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,236.51 crore on Monday.

In afternoon session, index continued to trade in deep red terrain, as market participants were cautious with the Reserve Bank of India (RBI) in its monthly bulletin stating that a shift by state governments to the Old Pension Scheme (OPS) will be fiscally unsustainable and a major step backwards. Besides, the Global Trade Research Initiative (GTRI) in its report has said that banking issues like reluctance to process forex received through alternate channels and high processing fees are hindering the growth of e-commerce exports from India, and there is a need to bring mindset change to unlock the sector's potential. Finally, index ended in negative terrain and plunged over 1%.

All the sectorial indices ended in red. The top gainers from the F&O segment were AU Small Finance Bank, Polycab India and Dr Lal PathLabs. On the other hand, the top losers were HDFC Bank, J K Cement and JSW Steel. In the index option segment, maximum OI continues to be seen in the 19900 - 20100 calls and 18900 - 19100 puts indicating this is the trading range expectation.

About MoneyWorks4Me

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

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×