{"id":4325,"date":"2024-08-10T09:27:26","date_gmt":"2024-08-10T09:27:26","guid":{"rendered":"https:\/\/navia.co.in\/blog\/?p=4325"},"modified":"2025-09-22T12:43:44","modified_gmt":"2025-09-22T12:43:44","slug":"navia-weekly-roundup-august-05-august-09-2024-2","status":"publish","type":"post","link":"https:\/\/navia.co.in\/blog\/navia-weekly-roundup-august-05-august-09-2024-2\/","title":{"rendered":"Navia Weekly Roundup (AUGUST 05 &#8211; AUGUST 09, 2024)"},"content":{"rendered":"\n<div class=\"wp-block-rank-math-toc-block\" id=\"rank-math-toc\"><nav><ul><li class=\"\"><a href=\"#week-in-the-review\">Week in the Review<\/a><\/li><li class=\"\"><a href=\"#indices-analysis\">Indices Analysis<\/a><\/li><li class=\"\"><a href=\"#interactive-zone\">Interactive Zone!<\/a><\/li><li class=\"\"><a href=\"#sector-spotlight\">Sector Spotlight<\/a><\/li><li class=\"\"><a href=\"#explore-our-features\">Explore Our Features!<\/a><\/li><li class=\"\"><a href=\"#currency-chronicles\">Currency Chronicles<\/a><\/li><li class=\"\"><a href=\"#commodity-corner\">Commodity Corner<\/a><\/li><li class=\"\"><a href=\"#blogs-of-the-week\">Blogs of the Week!<\/a><\/li><li class=\"\"><a href=\"#n-coins-rewards\">N Coins Rewards<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"week-in-the-review\">Week in the Review <\/h2>\n\n\n\n<p>The market continued its decline for the second consecutive week ending August 9, driven by high volatility due to fears of a U.S. recession, the unwinding of yen carry trade, geopolitical tensions in the Middle East, a consistent RBI policy outcome, and mixed earnings from Indian companies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"indices-analysis\">Indices Analysis<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/WhatsApp-Image-2024-08-10-at-1.05.20-PM-1024x576.jpeg\" alt=\"indices in focus weekly close and changes in %\" class=\"wp-image-4328\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/WhatsApp-Image-2024-08-10-at-1.05.20-PM-1024x576.jpeg 1024w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/WhatsApp-Image-2024-08-10-at-1.05.20-PM-300x169.jpeg 300w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/WhatsApp-Image-2024-08-10-at-1.05.20-PM-150x84.jpeg 150w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/WhatsApp-Image-2024-08-10-at-1.05.20-PM-768x432.jpeg 768w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/WhatsApp-Image-2024-08-10-at-1.05.20-PM-1536x864.jpeg 1536w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/WhatsApp-Image-2024-08-10-at-1.05.20-PM.jpeg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>This week, BSE Sensex declined 1.58 percent to close at 79,705.91, while the Nifty50 index shed 1.42 percent to finish at 24,367.50.<\/p>\n\n\n\n<p>BSE Mid-cap Index declined 1.01 percent with LIC Housing Finance, Steel Authority of India, New India Assurance Company, Union Bank of India, Balkrishna Industries falling between 7-14 percent. However, Alkem Laboratories, Lupin, Oil India, Ajanta Pharma, Cummins India, PI Industries gained between 5-9 percent.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"interactive-zone\">Interactive Zone!<\/h2>\n\n\n\n<p><strong>Last week\u2019s poll:<\/strong><br><strong>Q) <strong>Which of the below statements regarding the Securities and Exchange Board of India (SEBI) is not correct?<\/strong><\/strong><\/p>\n\n\n\n<p>a) It is a legal entity<\/p>\n\n\n\n<p>b) In 1992, an ordinance granted it statutory authority<\/p>\n\n\n\n<p>c) It is a non-statutory organisation<\/p>\n\n\n\n<p>d) None of the above<\/p>\n\n\n\n<p><strong>Last week\u2019s poll Answer:<\/strong> c) It is a non-statutory organisation<\/p>\n\n\n\n<p><strong>Poll for the week<\/strong>: <strong><strong>In India, which of the below alternatives is not accessible?<br><\/strong><\/strong><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-text-color has-background has-link-color has-text-align-center wp-element-button\" href=\"https:\/\/tradeplusonline.typeform.com\/polloftheweek?typeform-source=navia.co.in\" style=\"background-color:#21a273\">Click to Participate<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"sector-spotlight\">Sector Spotlight<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"864\" height=\"910\" src=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/WhatsApp-Image-2024-08-10-at-1.22.55-PM.jpeg\" alt=\"Nifty weekly close and % changes\" class=\"wp-image-4329\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/WhatsApp-Image-2024-08-10-at-1.22.55-PM.jpeg 864w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/WhatsApp-Image-2024-08-10-at-1.22.55-PM-285x300.jpeg 285w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/WhatsApp-Image-2024-08-10-at-1.22.55-PM-142x150.jpeg 142w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/WhatsApp-Image-2024-08-10-at-1.22.55-PM-768x809.jpeg 768w\" sizes=\"(max-width: 864px) 100vw, 864px\" \/><\/figure>\n\n\n\n<p>On the sectoral front, Nifty Metal down nearly 2.97 percent, Nifty PSU bank down 2.82 percent, Nifty Energy index shed 2.5 percent ,On the other hand, Nifty Pharma index added 1.40 percent and Nifty FMCG indices rose 0.67 percent.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"explore-our-features\">Explore Our Features!<\/h2>\n\n\n\n<p><strong>Get a Sneak Peek into Navia App&#8217;s Price Alert!<\/strong><\/p>\n\n\n\n<p>Unlock the power of smart investing with Navia App&#8217;s Price Alert feature! Discover how this powerful tool can help you stay on top of market movements and make timely decisions.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-text-color has-background has-link-color wp-element-button\" href=\"https:\/\/youtube.com\/shorts\/zV63p_1hzc8?si=2tIrnJfVA7EC40Vg\" style=\"background-color:#296788\">Watch Video<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"top-gainers-and-losers\">Top Gainers and Losers<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-7-1024x576.png\" alt=\"Top gainers and Top losers this week in companies\" class=\"wp-image-4337\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-7-1024x576.png 1024w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-7-300x169.png 300w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-7-150x84.png 150w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-7-768x432.png 768w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-7-1536x864.png 1536w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-7.png 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"currency-chronicles\">Currency Chronicles<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-21-1024x576.png\" alt=\"currency chronicles weekly close and % changes\" class=\"wp-image-4335\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-21-1024x576.png 1024w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-21-300x169.png 300w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-21-150x84.png 150w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-21-768x432.png 768w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-21-1536x864.png 1536w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/New-WWP-21.png 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-luminous-vivid-orange-color has-text-color has-link-color wp-elements-f42b7404420abf0491a756ae233f9bb6\"><strong>USD\/INR:<\/strong><\/p>\n\n\n\n<p>The Indian rupee hit a new record low of 83.96 during the week and ended 21 paise lower at 83.95 on August 9, compared to 83.74 on August 2. This decline reflects ongoing pressure on the rupee against the US dollar.<\/p>\n\n\n\n<p class=\"has-luminous-vivid-orange-color has-text-color has-link-color wp-elements-41e5a83422700b26ccef7411419e117e\"><strong>EUR\/INR:<\/strong><\/p>\n\n\n\n<p>The EUR to INR exchange rate saw a modest increase of 0.25% over the week, closing at \u20b991.64. Despite a slight rise, the market sentiment remains bullish, reflecting ongoing strength and confidence in the euro against the Indian rupee.<\/p>\n\n\n\n<p class=\"has-luminous-vivid-orange-color has-text-color has-link-color wp-elements-f4659f19e3c19ba3a530fc14bcfb331c\"><strong>JPY\/INR:<\/strong><\/p>\n\n\n\n<p>The JPY to INR exchange rate rose by 0.14% over the week, ending at \u20b90.5749. The market sentiment remains bullish, showcasing continued confidence in the Japanese yen&#8217;s performance against the Indian rupee.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"commodity-corner\">Commodity Corner<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/WhatsApp-Image-2024-08-10-at-1.33.49-PM-1024x576.jpeg\" alt=\"commodity market this week close and % changes\" class=\"wp-image-4332\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/WhatsApp-Image-2024-08-10-at-1.33.49-PM-1024x576.jpeg 1024w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/WhatsApp-Image-2024-08-10-at-1.33.49-PM-300x169.jpeg 300w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/WhatsApp-Image-2024-08-10-at-1.33.49-PM-150x84.jpeg 150w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/WhatsApp-Image-2024-08-10-at-1.33.49-PM-768x432.jpeg 768w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/WhatsApp-Image-2024-08-10-at-1.33.49-PM-1536x864.jpeg 1536w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/WhatsApp-Image-2024-08-10-at-1.33.49-PM.jpeg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Gold traded with negative momentum, weighed down by outflows to bond ETFs. The sudden shift in the outlook for U.S. interest rates has signaled to markets a preference for bonds and bond ETFs. The current resistance level (R1) is at 70970 and the support level (S1) is at 68178<\/p>\n\n\n\n<p>Amid ongoing demand worries stemming from weaker economic data from the three most important demand regions\u2014the U.S., China, and Europe\u2014the current resistance level (R1) is placed at 6,547, and the support level (S1) is placed at 6,240.<\/p>\n\n\n\n<p>Forecasts for warmer-than-usual weather in the coming weeks could increase gas demand for power generation, prompting some short covering from traders. The current resistance level (R1) is at 184, while the support level (S1) is at 170.<\/p>\n\n\n\n<p class=\"has-text-align-center\">Do you have a question? Ask&nbsp;<a href=\"https:\/\/form.typeform.com\/to\/E6Woe8vl\">here<\/a>&nbsp;and we\u2019ll publish the information in the coming weeks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"blogs-of-the-week\">Blogs of the Week!<\/h2>\n\n\n\n<div class=\"wp-block-media-text is-stacked-on-mobile\"><figure class=\"wp-block-media-text__media\"><a href=\"https:\/\/navia.co.in\/blog\/surfing-market-sentiment-anika-and-rias-stock-adventure\/\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"626\" src=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Surfing-market-1-1-1024x626.png\" alt=\"Surfing Market sentiment\" class=\"wp-image-4327 size-full\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Surfing-market-1-1-1024x626.png 1024w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Surfing-market-1-1-300x183.png 300w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Surfing-market-1-1-150x92.png 150w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Surfing-market-1-1-768x469.png 768w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/Surfing-market-1-1.png 1512w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><div class=\"wp-block-media-text__content\">\n<p><strong>Surfing Market Sentiment: Anika and Ria\u2019s Stock Adventure<\/strong><\/p>\n\n\n\n<p>Join Anika and Ria on their stock market adventure! \ud83c\udf0a Discover how understanding market sentiment can shape your investment decisions. Dive into their journey and learn how to ride the waves of the market with confidence.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-text-color has-background has-link-color wp-element-button\" href=\"https:\/\/navia.co.in\/blog\/surfing-market-sentiment-anika-and-rias-stock-adventure\/\" style=\"background-color:#ec4d37\">Read More<\/a><\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"n-coins-rewards\">N Coins Rewards<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/04\/unnamed-10-1-1-2-1-1.png\" alt=\"Refer and earn N Coins with Navia\" class=\"wp-image-2306\" style=\"object-fit:cover\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/04\/unnamed-10-1-1-2-1-1.png 1024w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/04\/unnamed-10-1-1-2-1-1-300x169.png 300w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/04\/unnamed-10-1-1-2-1-1-150x84.png 150w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/04\/unnamed-10-1-1-2-1-1-768x432.png 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\">Refer your Friends &amp; Family and&nbsp;<strong><a href=\"https:\/\/tradeplusonline.com\/tp-coins\" target=\"_blank\" rel=\"noreferrer noopener\">GET 500 N Coins<\/a><\/strong>.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>Do You Find This Interesting?<\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><a href=\"https:\/\/form.typeform.com\/to\/L9uZTm9j\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"86\" src=\"https:\/\/tradeplusonline.com\/tpblog\/wp-content\/uploads\/2023\/11\/image-13-3-1-1.png\" alt=\"Feedback yes or no\" class=\"wp-image-492\" srcset=\"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2023\/11\/image-13-3-1-1.png 300w, https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2023\/11\/image-13-3-1-1-150x43.png 150w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/figure>\n<\/div>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Week in the Review The market continued its decline for the second consecutive week ending August 9, driven by high volatility due to fears of a U.S. recession, the unwinding of yen carry trade, geopolitical tensions in the Middle East, a consistent RBI policy outcome, and mixed earnings from Indian companies. Indices Analysis This week, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[11,7,21,53,10],"class_list":["post-4325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-insights","tag-financial-goals","tag-indian-stock-markets","tag-investments","tag-marketperformance","tag-rocket-trading-app"],"featured_image_src":"https:\/\/navia.co.in\/blog\/wp-content\/uploads\/2024\/08\/WhatsApp-Image-2024-08-10-at-1.45.03-PM.jpeg","author_info":{"display_name":"Navia Markets","author_link":"https:\/\/navia.co.in\/blog\/author\/tradeplusonline\/"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts\/4325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/comments?post=4325"}],"version-history":[{"count":9,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts\/4325\/revisions"}],"predecessor-version":[{"id":13250,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/posts\/4325\/revisions\/13250"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/media\/4334"}],"wp:attachment":[{"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/media?parent=4325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/categories?post=4325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/navia.co.in\/blog\/wp-json\/wp\/v2\/tags?post=4325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}