Category Archives: Economy Snapshot

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%.

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.