Economy / Market Snapshot

Dear Colleagues

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

One more financial year has come to an end. New financial year 2017-2018 is beginning today. Hope we will have a very fruitful and prosperous year ahead ! Happy new financial year to each one of you!Indian market closed at all-time high in March with a 3% gain in one month. Except Pharma all the sectoral indices moved up, significant being FMCG and Banks. FII’s invested over Rs.30,000 crores in the Indian Equity market. Indian Rupee is now closer to Rs.65 mark to 1 US Dollar. Crude prices fell resulting in reduction of Petrol and Diesel prices. Gold and Silver prices were down last month. After trading high, the Dow in US fell last month with the events unfolding on the Obamacare. Unprecedented victory in the polls by BJP in Uttar Pradesh brought cheers to the market and helped the market to scale yet another peak.

Dear Colleagues

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

February is one the best months in the recent past for the markets across the World; Indian markets went up by 4% while US markets went up by 5%. Budget presented by the Finance Minister on 1st February created a positive impact on the market; All the sectors moved up except Auto sector. IT was the star performer with the IT index scaling up by 8% followed by Bank Index by 5%. FII’s were net buyers in the market with Rs.9,450 crores in the Equity market and Rs.5,800 crores in the Debit market; Indian Mutual Funds were neutral in the Equity market and net buyers of Rs.30,000 crores in the Debt Market. Gold, Silver and Crude prices moved up by about 2% to 3%. Indian Rupee is trading below the Rs.67 mark against the US Dollar.

Dear Colleagues

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

New Year 2017 started very well for the Indian markets; Markets went up by 4% last month. Banks, Auto and FMCG sectors did exceptionally well while IT and Pharma were down. Actions by the new US Government led by Donald Trump erased several thousand of crores of market cap of IT Companies. FII’s were net sellers in the equity market to the extent of Rs.785 crores and in the debt market to the extent of Rs.3,660 crores; Domestic Mutual Funds were net buyers in the equity market to the extent of Rs.5,180 crores and in the debt market to the extent of Rs.29,650 crores.

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in December, 2016.

One more year – 2016 – has ended. Year 2016 was a very challenging and surprising year. Too many events which were not expected or predicted happened and surprised the world. Brexit shook UK, Trump’s win in US elections shook the world, Modi’s demonetization move shook India, Jayalalitha’s death shook Tamil Nadu – list goes on. The current circus going in UP will see the election in the new year and an important election for Modi. Trump will assume office in January, 2017; Have to see how he is going to react to the several decisions of Obama taken in December. Today, we have entered into 2017 with a lot of hope and expectations.

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in November, 2016.

November was an extraordinary month – the demonetization by the Government of India invalidating Rs.1000 ad Rs.500 denominations and the unexpected victory of Donald Trump as the next President of United States of America. These two events evoked different kind of response in India and US. US markets went up by 5% showing positive signs while the Indian market lost 5% with the FII’s pulling out.
Rs.17,000 crores from the Equity market and Rs.20,000 crores from the debt market – overall Rs.37,000 crores. Indian Rupee came under pressure and almost touched Rs.69 mark but settled at Rs.68.38 at the end of the month. Japan and China markets also went up by 5% while UK markets wend down by 2.50%.

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in October, 2016.

Indian markets did not go up as expected on the eve of Diwali. FII’s were net sellers in the market – Rs.4000 crores in Equity market and Rs.6000 crores in the Debt market. Global weakness, fear of increase in interest rates in US, mixed corporate results, nervousness due to the outcome of the US elections, news at the TATA’s etc derailed the market. All the three presidential debates in the US are over now with Hilary Clinton expected to win. However the recent announcement of FBI commencing a probe on the e mail issues is a shocker to the Clinton group. Similarly, the issues at the TATA group came to the centerstage with the sudden removal of Mr Cyrus Mistry from the post of Chairman.

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in September, 2016.

Indian markets fell by 2% last week considering the tension between the India / Pakistan relationship. India carried out surgical strikes taking everyone by surprise. Global markets also showed little weakness last week; The first presidential debate between Hilary and Trump concluded last week with Hilary securing a better position than Trump. FII’s were net buyers in the market last month but have to see how they will view the current tense scenario and October can be a crucial month to assess the direction of the market – will the market scale the all time high or it is time for a fall.