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.Read more