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%..Read more