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.Read more