Economy / Market Snapshot

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Economy / Market Snapshot – January, 2019

February 1, 2019 by BizWhiz Admin Economy Snapshot 0 comments

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in January, 2019

Indian market was almost the same as last month but with volatility. On the sectoral indices, IT moved up by 7% while Auto lost about 11%. FII’s sold about Rs.3,200 crores in in the equity market while Domestic Institutional Investors invested 7,700 crores. Domestic Institutional Investors invested a whopping Rs.55,600 crores in the debt market showing that liquidity is available but shied away from the equity market.

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Economy / Market Snapshot – December, 2018

January 1, 2019 by BizWhiz Admin Economy Snapshot 0 comments

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in December, 2018.

Indian market was marginally down in December, 2018. Bank Nifty and FMCG registered 1% gains while Pharma lost about 4% and IT lost about 1%. 2018 saw the market gaining about 4%. IT gained 25% in 2018 while Auto lost about 22% in the year. FII’s invested about Rs.7,900 crores in December while Domestic Institutional Investors invested 72,100 crores in both Equity and Debt markets. Overall in 2018, FII’s sold Rs.24,000 crores in Equity market and Rs 51,700 crores in debt market. Compared to this, the Domestic Institutional Investors have invested Rs.1,13,300 crores in the equity market and Rs.3,29,100 crores in the debt market.

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Economy / Market Snapshot – November, 2018

December 3, 2018 by BizWhiz Admin Economy Snapshot 0 comments

Dear Colleagues I am pleased to attach the Economy / Market Snapshot covering all the major events in November, 2018. Indian market bounced back with a 5% gain in November, 2018. Sensex reclaimed 36,000 levels. Except for Pharma and IT all the sectoral indices went up. Bank Nifty went up by 7%, Auto and FMCG went up by 5% while Pharma lost 5% and IT lost 2%. FII’s came back to the market with Rs.10,700 crores in equity market and Rs.2,100 crores in the debt market. Domestic financial institutions invested in Rs.2,500 crores in the equity market and Rs.48,700 crores in the debt market. On the Global markets front, Dow went up by 2%, Nasdaq by 0.50%, Hang Seng by 6%, Nikkei by 2% while FTSE lost about 2% and Shanghai by 0.50%. After crossing Rs.74, Indian Rupee settled at Rs.69.59 to 1 US $. Gold lost about 5% while Silver lost about 8%. Crude continued its fall and fell by 22% to settle at $59 per barrel. On the Q 3 results front, results from Bank majors like SBI, PNB, Bank of India and IDBI Bank were disappointing. However HDFC, M & M and Ashok Leyland posted better results […] Read more

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Economy / Market Snapshot – October, 2018

November 1, 2018 by BizWhiz Admin Economy Snapshot 0 comments

Dear Colleagues I am pleased to attach the Economy / Market Snapshot covering all the major events in October, 2018. Fall of the Indian market continued in October, 2018 with a loss of 5%. Nifty was about to go below 10,000 mark but bounced back to 10,400 levels. On the sectoral indices, Auto lost about 8% followed by IT 6%, FMCG 4% and Pharma 2%. Bank Nifty gained marginally. FII’s pulled out Rs.27,200 crores from equity market and Rs.9,300 crores from the debt market. Contrary to this, the Indian Mutual Funds pumped in Rs.21,900 crores in the equity market and Rs.28,300 crores in the debt market. Global markets also went down last month with Hang Seng losing 10%, Nasdaq losing 9%, Nikkei losing 9%, Shanghai losing 8% and FTSE and DOW losing 5%. Indian Rupee crossed the Rs.74 mark and closed at Rs.73.95 to 1 US $. Gold gained by 4% while Silver lost about 1.5%. Much relief to India, Crude went down by 9% last month. Q 3 results so far have been encouraging. Polls in 5 States will be held in November/December which is critical for the BJP and Congress. Actions from US on Iran will also be […] Read more

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Economy / Market Snapshot – September 2018

October 1, 2018 by BizWhiz Admin Economy Snapshot 0 comments

Dear Colleagues I am pleased to attach the Economy / Market Snapshot covering all the major events in September, 2018. September was one of the worst months for the Indian markets. It fell by 6%; Nifty went below the 11,000 mark and Sensex has come down to 36,000 levels. On the sectoral indices, Auto lost about 13%, Bank Nifty and FMCG about 10% and Pharma by 4%. IT was neutral. FII’s pulled out Rs.17,800 crores from both the equity and debt market while Indian Mutual Funds pumped in Rs.24,000 crores. A rapid downgrade of ILFS by ICRA from AAA to D resulting in downward revision of NAV in some of the liquid / debt funds including DSP Blackrock triggered redemption pressure on DSP Blackrock. In order to meet the obligations, DSP Blackrock resorted to sell one of its portfolio paper of Diwan Housing Finance Limited at a steep discount creating a panic in the market resulting in a swing of 1000 points on a single day in Sensex. All round selling in all financial companies took place. Similarly, RBI had cut the term of the Yes Bank’s CEO, Mr Rana Kapoor resulting in Yes Bank losing about 29% in a […] Read more

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Economy / Market Snapshot – August, 2018

September 3, 2018 by BizWhiz Admin Economy Snapshot 0 comments

Dear Colleagues I am pleased to attach the Economy / Market Snapshot covering all the major events in August, 2018. Indian markets are at peak with gains of 3% last month. Sensex crossed the 38,000 mark. All the sectoral indices went up without any exception with Pharma gaining about 13%, IT by 8%, FMCG by 6% and Bank Nifty by 1%. FII’s came back to the market and bought Rs.900 crores in the equity market and Rs.2,700 crores in the debt market. Indian Mutual funds invested Rs.3,800 crores in the equity market and Rs. 26,000 crores in the Debt market. US Markets continue to scale to another peak with Nasdaq crossing the 8,000 mark and the DOW set to cross the 26,000 mark. UK, Hong Kong and China lost 2% to 5% last month. Indian Rupee crossed the Rs.71 mark but settled at Rs.70.99 to 1 US $. Gold gained by 1% while Silver lost about 4%. Crude went up by 5% last month with the Diesel prices in India touching an all-time high! We lost tall leaders like Atalji Vajpayee and Kalaignar Karunanidhi last month; May their soul rest in peace. Trump’s domination continues with utmost pressure on China. […] Read more

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Economy / Market Snapshot – July, 2018

August 1, 2018 by BizWhiz Admin Economy Snapshot 0 comments

Dear Colleagues, I am pleased to attach the Economy / Market Snapshot covering all the major events in July, 2018. One of the best months so far for the Indian market; Market went up by 6% and is at record all time high; BSE crossed 37,000 mark and NSE crossed 11,000 mark; All the sectoral indices were positive with Bank Nifty gaining 5%, IT – 4%, FMCG – 7% and Auto 2.50%. Despite this, FII’s sold Rs.400 crores in the equity market and Rs.500 crores in the debt market. Indian Mutual funds invested Rs.5,500 crores in the equity market and Rs. 24,000 crores in the Debt market. Global markets gained last month except for Hang Seng which lost about 1%. DOW went up by 4.70% while Nasdaq went up by 2%. Indian Rupee against crossed the Rs.69 mark but settled at Rs.68.54 to 1 US $. Gold and Silver lost about 2% while Crude lost about 7%. Despite the Trade war between China and US, markets are going up non-stop. Though not much of interest shown by FII’s which is reflected in the INR-USD position as well, Indian mutual funds are supporting the market with a number of SIP schemes. […] Read more