Economy / Market Snapshot

Dear Colleagues

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

After touching the peak in January, market fell in February; Indian markets fell by 5% last month. Long Term Capital Gain proposal in the budget was seen as a negative measure. Nirav Modi’s issues with Punjab National Bank and the Rotamac matter brought the bank index down by 8%. Pharma and Auto indices lost about 4%. FII’s sold about Rs.10,800 crores in the equity market while Domestic funds had pumped in Rs.13,200 crores. Indian Rupee climbed to at Rs.65.27 against 1 US Dollar. Global markets also fell last month with Hong Kong and China losing about 6%. Dow lost about 4%, Nasdaq lost about 2% and FTSE lost about 4%. Gold went up by 1%, while Silver lost about 3%. Crude was down by 5%. Results of the elections held in Meghalaya, Tripura and Nagaland are expected soon.

Dear Colleagues

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

What a beginning to the New Year 2018 ! Markets globally are at peak. Indian markets went up by 5% with Sensex crossing 36,000 and Nifty crossing 11,000 mark; IT index went up by 11% followed by Bank Index up by 7%. Auto and Pharma were losers while FMCG gained marginally. FII’s poured in Rs.14,000 crores in equity market and Domestic funds had put in Rs.6,000 crores. Indian Rupee is at Rs.63.58 against 1 US Dollar. In US, Nasdaq went up by 7% and Dow went up by 6% with both of them at record highs. The Highest gainer of the month was Hong Kong market with an increase of about 10%. Japan is at all time high crossing 23,000. London markets fell by 2%. Gold went up by 3%, while Silver was neutral; Crude went up and Brent Crude crossed the $ 70 mark last month.

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in December, 2017. Today we are in 1st January, 2018 – Another New Year with a great hope.

2017 was a spectacular year for India and Global markets. Currently the Indian Stock market is at the peak with the Sensex crossing the 34,000 mark. Just glance through some of the milestones:I sincerely wish each one of you and your family members a happy, prosperous, healthy and wealthy New Year. I pray to the almighty to give you and the members of your family excellent health and wealth and make 2018 yet another grand and great year.

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in November, 2017.

Indian market fell by 1% despite many positive news like Moody upgrading the sovereign rating of India, India Climbing 30 notch on Ease of Doing Business etc. The news yesterday that the India has registered a GDP growth of 6.3% in Q2 is a welcome news. The recently concluded GES conference in Hyderabad was very successful with PM Modi, Ivanka Trump and KTR taking the honours. On the sectoral indices, IT Stocks moved up by 2.5% while Pharma stocks were down by 5%. FII’s were net buyers in the Indian equity market to the extent of Rs.20,000 crores and DII’s were net buyers to the extent of Rs.10,500 crores. Indian Rupee settled at Rs.64.46 against the US Dollar. After the much talked Trump’s visit to the Asia, the DOW has crossed 24,000 mark on 30th November, 2017 moving up by about 4% over the last month.

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in October, 2017.

Indian market is at the peak now. Nifty is at 10,400 levels and Sensex is at 33,600 levels. Quarterly results of Corporates have come in and in most of the cases the results are not in line with the market expectations. Announcement on recapitalization of capital of PSU Banks lifted the share prices of PSU Banks significantly and currently the Bank Nifty is trading at 25,500 levels. Indian markets went up by 6% last month with all the sectors going up by 3% to 6%. Despite the rise of the indices, FII’s invested only 2,000 crores in Equity market and Mutual funds invested only Rs.8,600 crores. Together they have invested around 45,000 crores in the debt market. This shows the nervousness on their part to invest further in the equity markets. Globally the stock markets went up. US markets went up by 4% while the Japan market went up by 8%. Indian Rupee is currently at Rs.64.75 against the US Dollar. Gold and Silver prices went down by 1% while Crude went up by 6%.

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in September, 2017.

Two quarters have gone in this financial year and we have today entered into the second half of the financial year 2017-2018; Indian Stock Markets touched all time high before coming down again. Markets fell about 1.50% last month; FMCG sector lost about 5%, Banks about 1% while Pharma climbed by 3.50%. FII’s sold about Rs.11,800 crores in the Equity market while Indian Mutual Funds picked up Rs.15,800 crores in the equity market. Indian Rupee climbed to Rs.65.28 from Rs.63.90 last month, a jump of 2%. Lower growth, low IIP numbers and concerns on the slowing economy, continuing problems of GST brought down the market further. US markets went up by 2% last month. Japan went up by 3% while all the other major world indices fell last month.

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in August, 2017.

After touching the peak, Indian markets fell last month by 2%. Banks lost about 3%, Auto by 3% and Pharma by 6%. FII’s were net sellers in the equity market to the extent of Rs.13,000 crores while domestic institutions were net buyers in the equity market to the extent of Rs.14,000 crores. US, UK markets went up. In Asia, Hong Kong and China went up but Tokyo and Singapore lost out. Indian Rupee came below the Rs.64 mark and currently at Rs.63.90 against 1 US Dollar. Gold went up by 4% while Silver went up by 3% after the tensions between US and North Korea intensified with war of words. Crude remained at the same levels. The havoc created by Harvey in Texas is the worst ever in US and has crippled life in Houston. In India, the board room battle in Infosys hit all time high with Vishal Sikka resigning from the CEO position. While Infosys lost heavily, the return of Nandan as the Chairman of Infosys is taken well by the market and the share price of Infosys recovered quite well.