Most listed banks saw an increase in loan value, deposit value, and CASA value in Q4FY23. HDFC Bank remains at the top.

India's goods trade in FY23 mirrored the difficulties and weakness in the global trade in goods.

The Asian markets are trading lower as investors watch out for the US Inflation data due later in the day. Nikkei is trading lower by 0.50%, Hang Seng is trading lower by 0.72%, and Shanghai is trading lower by 1.08%.

Crude prices and crude inventories have had a longstanding inverse correlation, with a rise in one mostly implying a fall in the other. The current softness in Brent crude price, however, does not seem to be following that trend, with bearishness in prices sustaining despite a marked drawdown in key product inventories.

Retail sales for the automobile industry as a whole declined by 4% YoY to 17.2 lakh units in April 2023. Two-wheeler retail sales went down 7.3% YoY to 12.3 lakh units, while car retail sales dropped marginally by 1.3% YoY to 2.8 lakh units.

On a year-on-year basis, losses were seen across the two-wheeler and passenger vehicle segments, while the other segments saw growth in sales.

PARALLEL TRADES

China’s trade data for Apr23’ was subdued as domestic demand uptick has been less than expected. Key highlights: 1) Copper imports in refined form fell for the fifth successive month; however, copper concentrate imports rose to the highest- ever level for April; 2) steel exports rose 59% YoY at 7.9mnte - highest since Apr21’.

Strong fundamentals, favourable macros drive sector outperformance