Category Archives: Economy Snapshot

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in November, 2016.

November was an extraordinary month – the demonetization by the Government of India invalidating Rs.1000 ad Rs.500 denominations and the unexpected victory of Donald Trump as the next President of United States of America. These two events evoked different kind of response in India and US. US markets went up by 5% showing positive signs while the Indian market lost 5% with the FII’s pulling out.
Rs.17,000 crores from the Equity market and Rs.20,000 crores from the debt market – overall Rs.37,000 crores. Indian Rupee came under pressure and almost touched Rs.69 mark but settled at Rs.68.38 at the end of the month. Japan and China markets also went up by 5% while UK markets wend down by 2.50%.

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in October, 2016.

Indian markets did not go up as expected on the eve of Diwali. FII’s were net sellers in the market – Rs.4000 crores in Equity market and Rs.6000 crores in the Debt market. Global weakness, fear of increase in interest rates in US, mixed corporate results, nervousness due to the outcome of the US elections, news at the TATA’s etc derailed the market. All the three presidential debates in the US are over now with Hilary Clinton expected to win. However the recent announcement of FBI commencing a probe on the e mail issues is a shocker to the Clinton group. Similarly, the issues at the TATA group came to the centerstage with the sudden removal of Mr Cyrus Mistry from the post of Chairman.

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in September, 2016.

Indian markets fell by 2% last week considering the tension between the India / Pakistan relationship. India carried out surgical strikes taking everyone by surprise. Global markets also showed little weakness last week; The first presidential debate between Hilary and Trump concluded last week with Hilary securing a better position than Trump. FII’s were net buyers in the market last month but have to see how they will view the current tense scenario and October can be a crucial month to assess the direction of the market – will the market scale the all time high or it is time for a fall.

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in August, 2016.

Indian markets are at their highs with Sensex crossing 28,000 mark and Nifty crossing 8,750 mark. FII’s and domestic mutual funds continued to bet on the markets; FII’s have invested Rs.8,800 crores in the Equity market in August, 2016. Except IT, all the sector indices went up. Bank Index went up by 4% while IT index lost 4%. Public sector banks like SBI, Canara Bank have gained considerably post the quarterly results.

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in July, 2016.

FII’s poured money into Indian markets which made the market to go up by 4% last month; Except for the IT sector, all the other sectors like Bank, Auto, Pharma, FMCG did quite well. BSE index crossed 28,000 mark. Quarterly results were mixed with some companies beating the street estimates and some of them disappointing ! Parliament session is on and the cabinet has approved the GST bill with certain amendments sought by opposition. Barring Congress, all the other parties seem to be satisfied and the Rajya Sabha is likely to consider the GST bill in the coming week

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in June, 2016.

June 2016 was an eventful month, with the Brexit referendum which shook the world. With the margin of about 3%, the referendum tilted towards “Leave”, it triggered the resignation of the British Prime Minister and opened up several doubts over the future of European economy. The aftermath of the referendum saw interesting twists with a campaign of another referendum, European Union seeking the immediate exit etc. The decision to leave is not easy to implement and may take years. Global markets recovered from this very soon except the Japan market which lost around 10%. UK markets closed the month with 4% gains.

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in May, 2016.

Indian markets went up by 4% last month despite weak results from the public sector banks. Nifty regained the 8,000 mark and currently nearing 8,200 levels. Overall the market is up by 2% in the Calendar year 2016. Both FII’s and Mutual funds are net buyers in the Equity market which is a good sign. Much awaited election results came in May and gave some edge to BJP.Though Congress did not fare well in Kerala and other states, it gained power in Puducherry. Mamata and Jayalalitha were winners beating the anti-incumbency. Gold and Silver prices fell while Crude prices started moving up and close to $ 50 a barrel now.

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in March, 2016.

Indian market saw one of the best returns of over 10% in March after falling 7% in February. The sentiments have improved after the Finance Minister presented the budget on 29th February, 2016. This is the biggest increase on a month on month basis in the last 4 years. FII’s are back in the market. One more financial year has ended and now all the eyes are on the RBI policy on Tuesday - next week. Will there be a rate cut ? General opinion is there will be a rate cut of atleast 0.25%. Few feelers are coming that the GST will be operational only from next financial year. While market may not like this, this is the ground reality considering the stand taken by Congress and BJP.

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in February, 2016.

Indian market saw one of the worst fall of over 7% down in just one month. FII’s sold over 15000 crores during this period. Growing concerns on the NPA’s of public sector banks, political issues like JNU took center stage. While world markets stabilized, Indian markets became nervous looking forward to the Parliament session with the fate of GST bill still hanging. In anticipation of the Budget, the markets failed to take off and due to the pressure of FII selling, the Rupee crossed Rs.68 mark against the US Dollar. All the sectors lost with the banking sector losing over 10%.