Economy / Market Snapshot

Dear Colleagues

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

June was another extraordinary month packed with multiple events and actions. India witnessed the roll out of GST, considered to be one of the best reforms in the recent past, through a midnight parliament session. PM, Modi visited several countries last month, the notable being to US with a dinner meeting with Donald Trump. He has managed to keep the equations strong. Elections for the next President of India was announced and two candidates are in fray – Mr Kovind from BJP and Ms Meira Kumar from Congress. On the business side, Jeff Immelt retired after a long journey in GE while Uber CEO, Travis had to resign as the CEO of the Company. .

Dear Colleagues

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

May was an extraordinary month for the markets worldwide. Indian Stock market is scaling the peak almost every session with the Sensex crossing 31,000 and the Nifty crossing 9,600. Bank Nifty is at the peak at 23,400. IT stocks bounced last month with a 6% increase while Pharma stocks were down by 11%. Both FII’s and Domestic Institutions were net buyers in the equity market to the extent of 9,000 crores each. In the last 5 months in 2017, FII’s have pumped in Rs.1,17,000 crores in the equity market. World stock markets were up last month with Dow crossing 21,000 mark and Nasdaq crossing 6,200 mark. Indian Rupee is stable against the US Dollar and is currently at Rs.64.50 for 1 US Dollar. Silver went up by 1.50% while Gold remained neutral. Crude prices came down by 1%.

Dear Colleagues

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

New Financial Year has started very well for the Global stock markets. Indian markets scaled to all time high – Sensex crossing 30,000 mark, Nifty crossing 9,300 mark. In the US, Nasdaq crossed 6,000 mark and DOW crossed 21,000 mark. Except London and Shanghai, global markets went up last month. While Bank stocks and Auto stocks went up by 4%, IT stocks went down by 7% and Pharma stocks down by 3%. FII’s were net sellers in Equity market to the extent of Rs.1,000 crores while they were net buyers in the Debt market to the extent of Rs.20,000 crores. Domestic Mutual Funds were net buyers in the Equity market to the extent of Rs.8,000 crores and net buyers in the Debt market to the extent of Rs.55,000 crores. Indian Rupee is at Rs.64.53 against the US Dollar. Gold went up by 1% while Silver lost about 7%. Crude also lost about 3% last month.

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.