Dear Colleagues I am pleased to attach the Economy / Market Snapshot covering all the major events in October, 2020 Indian Markets gained about 4% last month. On the sectoral indices, Bank Nifty gained about 11.50% and IT by 5% while Pharma lost about 4.50%, Auto by 2% and FMCG by 1%. FII’s were buyers in the equity market and invested around 19,800 crores while Domestic Institutions sold about 11,950 crores in the equity market. Indian Rupee closed at Rs.74.59 for 1 US $. On the Global markets front, DOW lost 4.50%, Nasdaq lost 2%, FTSE lost 5%, Japan lost 1% while Hang Seng gained 3% and Shanghai gained 0.20%. On the commodities side, Gold gained 0.50% and Silver gained 1.50%. Brent Crude lost 8.50% and currently trading at $ 37 a barrel. Market was very volatile towards the end of the month with the elections in the US slated to be held on 3rd November, 2020. While the predictions by majority of the agencies show that Biden has the edge, it is widely believed that Trump will win. Even if he loses, he will not concede defeat that easily. On the Covid scenario, the situation in India is much […] Read more

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in September, 2020

Indian Markets lost about 1.50% last month. Despite the drop, Sensex is holding on to 38,000 levels. On the sectoral indices, Bank Nifty lost about 10%, FMCG by 2.50% while IT went up by 11%, Pharma by 6% and Auto by 1%. FII’s sold 4,250 crores in the equity market and Domestic Institutions sold about 3,450 crores in the equity market. Indian Rupee closed at Rs.73.77 for 1 US $.

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Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in August, 2020.

Indian Markets gained 3% last month. Sensex touched the 38,000 mark and holding on to the levels. On the sectoral indices, Bank Nifty gained about 10%, Auto by 8% while IT, Pharma and FMCG lost around 1%. FII’s invested 40,200 crores in the equity market while Domestic Institutions sold about 6,800 crores in the equity market. Indian Rupee closed at Rs.73.61 for 1 US $.

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Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in July, 2020

Indian Markets gained another 7.50% last month. Nifty has crossed the 11,000 mark and has been able to hold at that levels. On the sectoral indices, IT went up by 22%, Pharma gained 12%, Auto gained 8%, FMCG gained 3% and Bank Nifty gained 1%, FII’s invested 8,200 crores in the equity market while Domestic Institutions sold about 5,000 crores in the equity market. Indian Rupee closed at Rs.74.81 for 1 US $.

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Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in June, 2020

Indian Markets gained about 7.50% last month. Nifty has been able to hold the 10,000 levels and currently at 10,302. On the sectoral indices, Bank Nifty gained 11%, IT gained 5%, Auto gained 8%, Pharma gained 2% and FMCG gained 3%. FII’s invested 23,400 crores in the equity market while Domestic Institutions sold about 1,900 crores in the equity market. Indian Rupee closed at Rs.75.50 for 1 US $.

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Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in May, 2020

Indian Markets lost about 2% last month. As I write today, Nifty is nearing the 10,000 mark; On the sectoral indices, Bank Nifty lost 10% and IT lost about 0.50%.Auto and Pharma gained 5% each and FMCG gained 2%. FII’s invested 11,800 crores in the equity market while Domestic Institutions invested about 2,700 crores in the equity market.

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Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in April, 2020

Financial Year 2020-2021 began with the lock down erasing a complete month in our history; No business could take place except for the testing and hospitalization of Covid patients and availability of essentials like vegetables, fruits and other essentials in the market. All of us learnt to live and work from home.

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