I am pleased to attach the Economy / Market Snapshot covering all the major events in September, 2017.
Two quarters have gone in this financial year and we have today entered into the second half of the financial year 2017-2018; Indian Stock Markets touched all time high before coming down again. Markets fell about 1.50% last month; FMCG sector lost about 5%, Banks about 1% while Pharma climbed by 3.50%. FII’s sold about Rs.11,800 crores in the Equity market while Indian Mutual Funds picked up Rs.15,800 crores in the equity market. Indian Rupee climbed to Rs.65.28 from Rs.63.90 last month, a jump of 2%. Lower growth, low IIP numbers and concerns on the slowing economy, continuing problems of GST brought down the market further. US markets went up by 2% last month. Japan went up by 3% while all the other major world indices fell last month.Read more