Economy / Market Snapshot

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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

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Economy / Market Snapshot – June, 2018

July 2, 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 June, 2018. Indian markets ended almost flat last month. FII’s sold Rs.3,600 crores in the equity market and Rs.10,000 crores in the debt market. Indian Mutual funds invested Rs.6,500 crores in the equity market which helped the market to some extent. The trend is almost the same for the last two months. On the sectoral front, Pharma gained 12%, IT by 2% and FMCG by 0.50% while Bank Nifty lost 2% and Auto by 3%.On the Global front, Shanghai lost about 8 % thanks to the trade war between China and US. Hong Kong also fell by 5%. Nasdaq went up by 1% while Dow went down by 0.50%. London was down by 0.50%. Indian Rupee touched the Rs.69 mark but settled at Rs.68.49 to 1 US $. Government has said that RBI has enough reserves to prevent further slide. Gold went down by 1% while Silver went down by 2%. Crude prices went up by 2% and currently at $ 79 a barrel. The much awaited Summit of North Korea and US took place in Singapore. While this gave a positive […] Read more

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Economy / Market Snapshot – May, 2018

June 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 May, 2018. Indian markets ended almost flat last month. Market corrected down initially but recovered towards the end of the month. FII’s sold Rs.7,600 crores in the equity market and Rs.17,500 crores in the debt market. Indian Mutual funds invested Rs.13,700 crores in the equity market which helped the market not to fall. On the sectoral front, Pharma lost 9%, Auto by 5%, IT by 2% while Bank Nifty went up by 5.50%. On the Global front, Dow went up by 1%, Nasdaq went up by 5% and London market went up by 2%. Tokyo and Hong Kong went down by 1% while Shanghai remained flat. Indian Rupee crossed the Rs.68 mark but settled at Rs.67.41 to 1 US $. Gold went down by 0.50% while Silver went up by 3%. Crude prices shot up and currently at $ 78 a barrel. Except for the public sector banks, Quarterly / Annual results of Companies were generally good. Karnataka Elections gave a hung verdict but with the quick move of Congress and JD to form an alliance, Kumaraswamy has become the Chief Minister […] Read more

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Economy / Market Snapshot – April, 2018

May 2, 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 April, 2018.

Financial Year 2018-2019 started with a bang for the Indian Markets. Market went up by 6% with the Sensex crossing 35,000 mark again. All sectoral indices went up last month with IT leading with 12%, FMCG 10%, Pharma and Auto 8% and Banks 5%. This is despite the fact that the FII’s pulled out Rs.5,500 crores from the Equity market and Rs.10,000 crores from the Debt market. With the Crude prices going up to $ 75 a barrel (8% up from last month) and the FII’s selling, Indian Rupee peaked to Rs.66.66 against US Dollar. Domestic Institutions had put in Rs.9,500 crores in the Equity market and 25,000 crores in the Debt market which helped the market to go up. US Markets were neutral while London shot up by 6%.

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Economy / Market Snapshot – March 2018

April 2, 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 March, 2018. Financial Year 2017-2018 has come to an end and the new Financial Year 2018-2019 has begun ! Some of the new budget proposals like Long Term Capital Gain will come into force from today. Market was closed for the last 4 days due to holidays. Indian markets came down by 3.50% last month; Nifty even came down below 10,000 mark briefly before bouncing back. All the sectors came down with Pharma losing as high as 7%. FII’s bought about Rs.13,400 crores in the equity market and the Domestic funds had pumped in Rs.5,000 crores. Indian Rupee closed at Rs.65.17 against 1 US Dollar. Global markets fell in the range of 2% to 3% without any exception. Trade war between US and China commenced with import tariffs and restriction by both the sides. Good news is the meeting between the North Korean and Chinese Presidents giving a major relief. While BJP could win in some of the States when went on Poll, it lost the by-polls in UP and Bihar giving a shock to its leadership. Sonia’s effort to bring all […] Read more