February 1, 2016 by BizWhiz Admin in Economy Snapshot 0 comments 2675

General

  • French President François Hollande visits India to be the chief guest at 67th Republic Day celebrations.
  • Hollande inaugurates Interim secretariat of the International Solar Alliance (ISA); France commits €300 million for solar energy.
  • India, France sign 13 agreements; ink MoU on purchase of Rafale jets.
  • India, France ink billion in business deals.
  • Government announces list of first 20 smart cities under ‘Smart Cities Mission’.
  • Start-up India: Government for simpler entry and exit norms for start-ups; employment generation is Government’s top-most priority.
  • Arunachal Deadlock: Apex Court asks Arunachal Governor to furnish report recommending President’s rule in state.
  • Pranab gives assent to Central rule in Arunachal Pradesh.
  • Congress wins 108 of 278 local body seats in Manipur.
  • Congress continues to beat BJP in local polls especially in the BJP-ruled States, as it won 8 out of 11 seats in the civic polls in Chhattisgarh.
  • Bypolls to 12 Assembly seats in eight States on February 13; Three constituencies each in U.P and Karnataka and one each in Punjab, Maharashtra, Bihar, Tripura, Telangana and Madhya Pradesh will go to polls.
  • Pathankot attack: Pakistan arrests JeM members; Punjab Police officer Salwinder Singh undergoes lie detector test.
  • HC stays order on FIR against Kerala CM Chandy on Solar Scam.
  • National Herald case: Court allows Subramanian Swamy’s plea to summon documents.
  • The National Development Council (NDC) to be scrapped, NITI Aayog council likely to get its powers.
  • Tenders worth Rs 17,500 crore for freight corridor by March: Government.
  • India needs trillion for new roads, ports, airports: Nitin Gadkari.
  • Over billion required for smart cities: Deloitte.
  • High Court notice to Kejriwal , Kirti Azad on Delhi and District Cricket Association (DDCA) defamation case.
  • Lodha panel: Legalise betting, no minister can hold BCCI post; proposes drastic reforms for BCCI, IPL CEO given clean chit.
  • Government approves Rs 4,918-crore highway project in Bihar, Jharkhand.
  • Road projects of 10,000 km to be awarded this fiscal.
  • Cabinet approves amendments to power tariff policy.
  • Cabinet approves MoU with Singapore to manage airports.
  • Collegium moves to fill vacancies in High Courts.
  • Rohith Vemula suicide: HRD ministry sets up judicial panel.
  • AIIMS report: Sunanda Pushkar died of poisoning.
  • 100 files relating to Netaji Subhash Chandra Bose declassified by PM Modi.
  • Amit Shah re-elected BJP president.
  • Bengal Investment Summit : Bengal secured investment of over Rs. 250,000 crore.
  • Anil Ambani announces Rs. 5000 crores for defence manufacturing facility at Andhra.
  • Former defence secretary R.K. Mathur sworn in as the eighth Chief Information Commissioner (CIC).
  • US, EU lift economic sanctions against Iran, releases billion of assets; International Atomic Energy Agency (IAEA) confirms that Iran has met its obligations.
  • International Monetary Fund has still not decided whether it will participate in the third financial bailout for Greece, and continues to set out its conditions.
  • India gets more voting rights at The International Monetary Fund.
  • French president Francois Hollande declares economic emergency.
  • Christine Lagarde wins European nominations for 2nd term as IMF chief.
  • India launches 5th navigation satellite IRNSS-1E.
  • Former Chief Justice of India S.H. Kapadia passes away
  • J&K Chief Minister Mufti Mohammad Sayeed passes away.
  • Padma Vibhushan for Rajinikanth, Dhirubhai Ambani, former Jammu and Kashmir Governor Jagmohan.
  • Zika virus could infect 4 million people: World Health Organisation.
  • Badminton: Sindhu clinches Malaysian Grand Prix Gold title.
  • Football: Lionel Messi wins FIFA world player award for 5th time.
  • Tennis: Sania-Martina juggernaut continues to roll, wins Sydney title.
  • Cricket: India loses ODI series against Australia 4-1; wins T20I 3-0.

Business News

  • Index of Industrial Production shrinks 3.2% in November; CPI rises to 5.6% in December. IIP stood at -3.2% in November against 9.8% in October.
  • Wholesale inflation in December inched up to (-) 0.73 per cent in December against per cent (-) 1.99 per cent decline in November.
  • The Nikkei India Manufacturing PMI, a composite monthly indicator of manufacturing performance, dipped from 50.3 in November to 49.1 in December.
  • Foreign Portfolio Investors outflows hit 5-month high of Rs. 11,126 crores in January.
  • India’s exports may dip 13% to billion in 2015-16.
  • Fall in exports projected to be worst since 1952-53.
  • FIIs withdraw billion from Asian equities in January; India witnessing outflows of .64 billion: HSBC
  • Mutual Funds Pump in Billion in Stocks during 2015.
  • Mutual Fund industry’s asset base surges 21 per cent to Rs 13.4 lakh Crore in 2015.
  • Mutual fund investor base hits a new high in 2015; retail folio rises 13%; 4 lakhs new HNI accounts opened.
  • Mutual Funds Log Rs 1.62 Lakh-Crore Inflows in April-December.
  • Mutual Funds exposure to bank stocks hits record high of Rs 88,000 crore.
  • E-commerce industry likely to be worth Billion by 2016: Assocham.
  • Petrol price cut by 63 paise a litre and diesel by Rs 1.06 a litre, the third reduction this month on the back of softening in global oil rates.
  • Jet fuel price cut by 10%; non-subsidised LPG hiked.
  • Government hikes excise duty on petrol by 37 paise per litre and Rs 2 per litre on diesel.
  • Excise hike on petrol, diesel to garner Rs 10,000 Crore for exchequer.
  • Fiscal deficit at 87.9% during April-December 2015.
  • Government may dilute 25% stake in IDBI Bank.
  • New reporting norms for high value transactions from April 1.
  • China’s forex reserves fall .66 billion in 2015, biggest annual drop on record.
  • Government may sell part of its stake in Axis Bank.
  • India to remain among the fastest growing economies in 2016: Moody’s.
  • At 7.64% growth, India fastest growing passenger car market.
  • Greece exits deflation after 33 months, December prices up 0.4%.
  • Union Budget for 2016-17 to be Presented on February 29: Jayant Sinha.
  • Fiscal deficit in November at 87 per cent of budget estimate.
  • Tax refund totals Rs 65,000 crore so far this fiscal: Revenue Secretary Hasmukh Adhia.
  • Government may lower long-term capital gain tax for unlisted companies.
  • Modi sets rolling Rs 10,000-crore start-up fund.
  • Modi announces capital gains, income tax sops for start-ups.
  • Economy may grow at 7.9% next fiscal: India Ratings.
  • Goods exports decline 14.75% in December to .29 billion.
  • Over 5 million jobs may be lost globally in 5 years: World Economic Forum (WEF).
  • China’s FDI drops by 5.8% in December.
  • China’s central bank injects .8 billion into banks.
  • Foreign Investment Promotion Board (FIPB) clears 13 FDI proposals worth Rs 6,500 crore.
  • Foreign exchange reserves have fallen by a cumulative .16 billion.
  • China pours billion into financial system, seeking to ease tight liquidity ahead of the Lunar New Year holiday.
  • Japan introduces negative interest rate to boost economy
  • US Fed leaves interest rates unchanged, watching global developments.
  • Apollo Hospitals Group agrees to sell 23.3% stake in Apollo Munich.
  • BPCL, Indian Oil, HPCL to invest Rs 1.5 lakh crore to set up biggest refinery.
  • E-tender must from April 1 for government purchases above Rs 2 lakh.
  • Budget 2016: major relief in service tax likely for small business; The service tax limit is expected to be raised to Rs 25 lakh from the current Rs 10 lakhs.

Major Q3 Results Update

  • TCS Q3 revenue marginally misses expectations.
  • IndusInd Bank Q3 net up 30% to Rs 581 Crore.
  • Asian Paints reports Q3 net profit at Rs 463 Crore.
  • DCB Bank Q3 net dips marginally to Rs 41 Crore.
  • Infosys Q3 above estimates, profit rises 2%.
  • HUL Q3 net profit falls 22.4% to Rs. 971.40 Crore.
  • LIC Housing Finance Q3 profit up 22% at Rs 419 Crore.
  • Mindtree Q3 net profit up 7.2%; rejigs management.
  • Wipro meets Q3 estimates, profit up 2%.
  • HCL Tech beats estimates, Q2 profits up marginally at Rs 1920 Crore.
  • Reliance Power Q3 net jumps 38%.
  • RIL Q3 net profit at Rs 7,290 crore ; beats estimates.
  • Axis Bank net profit up 15%.
  • Idea disappoints on weak voice, data pricing.
  • ITC net remains flat on low Cigarette Sales.
  • HDFC Bank Q3 net up 20% at Rs 3,357 Crore.
  • HDFC Q3 net up 7% at Rs 1,521 Crore.
  • Bharti Airtel’s Q3 net profit falls 22%.
  • ICICI Bank net profit rises 4%.
  • Maruti Q3 net up 27% at Rs 1,019 Crore.
  • L&T Q3 net rises 19% to Rs 1,035 crore, misses estimates.
  • NTPC Q3 net profit declines 19% to Rs 2,493 crore.
  • YES Bank net profit up 25% at Rs 675.7 crore.

Market

  • Indian stock markets went down by 5% in January, 2016
  • Bank and Auto stocks went down by 8%;
  • FMCG stocks went down by 5% and Pharma went down by 2%
  • IT stocks were neutral
  • FII overall net sellers in the market by Rs.11,000 crores
  • Domestic Funds net buyers in the market by Rs.13,000 crores
  • Chinese markets led the fall in global markets; Markets down by 22% in just one month
  • Hong Kong market down by 10%; Singapore by 9%
  • Japan market down by 8%
  • In US, Dow fell by 6% and Nasdaq fell by 8%
  • London markets fell by 3%
  • INR breached Rs.68 mark against the US 1 but settled at Rs.67.89 towards the end.
  • Gold and Silver prices went up by 7% and 6% respectively
  • Crude breached 1 30 mark but settled at 1 34 per barrel by end of the month, a drop of 7%
  • Exports are on downward trend and equally the imports are on downward trend thanks to the drop in Crude prices
WORLD INDICES
Indices 29-01-2016 31-12-2015 % 1M
BSE 24,871 26,118 -4.77%
NSE 7,564 7,946 -4.82%
DOW 16,466 17,425 -5.50%
NASDAQ 4,614 5,007 -7.86%
FTSE 6,084 6,242 -2.54%
Nikkie 17,518 19,034 -7.96%
Hang Seng 19,683 21,914 -10.18%
Straits Times 2,629 2,883 -8.80%
Shanghai 2,738 3,539 -22.65%
USD 67.89 66.21 2.54%
Euro 73.52 72.3 1.69%
GBP 97.11 98.14 -1.05%
Yen/100INR 0.56 0.55 1.82%
Gold 28,203 26,320 7.15%
Silver 35,045 33,080 5.94%
Crude Brent 1 34.74 37.28 -6.81%
Crude Nymex 1 33.75 37.09 -9.01%
NIFTY SECTORAL INDICES
Sectors BANK NIFTY CNX IT CNX AUTO CNX FMCG CNX PHARMA
31-01-2016 15,522 11,236 7,605 19,133 11,756
31-12-2015 16,922 11,213 8,255 20,193 11,964
% 1M -8.27% 0.21% -7.87% -5.25% -1.74%
INDIAN TRADE( USD MILLION)
Exports 22297
Imports 33961
FDI 2701
Government Bond 10Y 7.78%
GDP YoY 7.40%
Inflation Rate 5.61%
Forex Reserves 1 M 347560
IIP % -8.20%
INSTITUTIONAL TRADING ACTIVITY
Particulars FII (Rs.crore) MF (Rs.crore)
Equity -12,231 6,703
Debt 1,185 6,603
Total 1 M -11,046 13,306
Total Since Jan 52,952 4,72,749
Equity 2,514 73,526
Debt 50,438 3,99,223

Crude Oil Brent

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