Category Archives: Economy Snapshot

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%.

General

• French President François Hollande visits India to be the chief guest at 67th Republic Day celebrations.
• Hollande inaugurates Interim secretariat of the International Solar Alliance (ISA); France commits €300 million for solar energy.
• India, France sign 13 agreements; ink MoU on purchase of Rafale jets.
• India, France ink billion in business deals.
• Government announces list of first 20 smart cities under 'Smart Cities Mission'.
• Start-up India: Government for simpler entry and exit norms for start-ups; employment generation is Government's top-most priority.