Economy / Market Snapshot

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in November, 2017.

Indian market fell by 1% despite many positive news like Moody upgrading the sovereign rating of India, India Climbing 30 notch on Ease of Doing Business etc. The news yesterday that the India has registered a GDP growth of 6.3% in Q2 is a welcome news. The recently concluded GES conference in Hyderabad was very successful with PM Modi, Ivanka Trump and KTR taking the honours. On the sectoral indices, IT Stocks moved up by 2.5% while Pharma stocks were down by 5%. FII’s were net buyers in the Indian equity market to the extent of Rs.20,000 crores and DII’s were net buyers to the extent of Rs.10,500 crores. Indian Rupee settled at Rs.64.46 against the US Dollar. After the much talked Trump’s visit to the Asia, the DOW has crossed 24,000 mark on 30th November, 2017 moving up by about 4% over the last month.

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in October, 2017.

Indian market is at the peak now. Nifty is at 10,400 levels and Sensex is at 33,600 levels. Quarterly results of Corporates have come in and in most of the cases the results are not in line with the market expectations. Announcement on recapitalization of capital of PSU Banks lifted the share prices of PSU Banks significantly and currently the Bank Nifty is trading at 25,500 levels. Indian markets went up by 6% last month with all the sectors going up by 3% to 6%. Despite the rise of the indices, FII’s invested only 2,000 crores in Equity market and Mutual funds invested only Rs.8,600 crores. Together they have invested around 45,000 crores in the debt market. This shows the nervousness on their part to invest further in the equity markets. Globally the stock markets went up. US markets went up by 4% while the Japan market went up by 8%. Indian Rupee is currently at Rs.64.75 against the US Dollar. Gold and Silver prices went down by 1% while Crude went up by 6%.

Dear Colleagues

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.

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in August, 2017.

After touching the peak, Indian markets fell last month by 2%. Banks lost about 3%, Auto by 3% and Pharma by 6%. FII’s were net sellers in the equity market to the extent of Rs.13,000 crores while domestic institutions were net buyers in the equity market to the extent of Rs.14,000 crores. US, UK markets went up. In Asia, Hong Kong and China went up but Tokyo and Singapore lost out. Indian Rupee came below the Rs.64 mark and currently at Rs.63.90 against 1 US Dollar. Gold went up by 4% while Silver went up by 3% after the tensions between US and North Korea intensified with war of words. Crude remained at the same levels. The havoc created by Harvey in Texas is the worst ever in US and has crippled life in Houston. In India, the board room battle in Infosys hit all time high with Vishal Sikka resigning from the CEO position. While Infosys lost heavily, the return of Nandan as the Chairman of Infosys is taken well by the market and the share price of Infosys recovered quite well.

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in July, 2017.

Nifty Crossed 10,000 mark in July 2017 and the Indian Stock Market is at all-time high. Market went up by 5% in July and 22% in this calendar year so far. Bank IT Index went up by 8% and sectors like IT, Auto went up. FMCG and Health Care came down. Bank IT Index has touched the 25,000 mark registering 40% growth in this calendar year. FII’s had pumped in 3,100 crores and Domestic Institutions pumped in Rs.8,100 crores in the Equity market. Indian Rupee is currently at Rs.64.18 against the US Dollar. Global markets went up with the US stocks going up by 3% and Hang Seng by 6%. Gold and Silver were marginally up and Crude went up by 8%..

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in June, 2017.

June was another extraordinary month packed with multiple events and actions. India witnessed the roll out of GST, considered to be one of the best reforms in the recent past, through a midnight parliament session. PM, Modi visited several countries last month, the notable being to US with a dinner meeting with Donald Trump. He has managed to keep the equations strong. Elections for the next President of India was announced and two candidates are in fray – Mr Kovind from BJP and Ms Meira Kumar from Congress. On the business side, Jeff Immelt retired after a long journey in GE while Uber CEO, Travis had to resign as the CEO of the Company. .

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in May, 2017.

May was an extraordinary month for the markets worldwide. Indian Stock market is scaling the peak almost every session with the Sensex crossing 31,000 and the Nifty crossing 9,600. Bank Nifty is at the peak at 23,400. IT stocks bounced last month with a 6% increase while Pharma stocks were down by 11%. Both FII’s and Domestic Institutions were net buyers in the equity market to the extent of 9,000 crores each. In the last 5 months in 2017, FII’s have pumped in Rs.1,17,000 crores in the equity market. World stock markets were up last month with Dow crossing 21,000 mark and Nasdaq crossing 6,200 mark. Indian Rupee is stable against the US Dollar and is currently at Rs.64.50 for 1 US Dollar. Silver went up by 1.50% while Gold remained neutral. Crude prices came down by 1%.