Market Updates - Angel One

The Annual Economic Survey, which acts as the precursor to the Union Budget, was presented on 31st January; a day ahead of the Union Budget. The Economic Survey is important because it comes in the light of some interesting macroeconomic developments. The GDP growth, which had originally promised to beat Chinese GDP growth by over …

It was a day of positive macro flows for the Indian economy on the inflation and the industrial growth front. Inflation came in slightly lower helped by lower food inflation. Of course, non-food inflation continues to be on the higher side but that is more due to the impact of higher oil prices post the …

The trade data for the month of December 2016 was gratifying in that the exports were up by 15% on a sequential basis. Like the IIP numbers, the exports data also surprised on the upside because it was expected that the exports would slow down due to the impact of demonetization. However, demonetization did not …

The GDP advance-estimates (at 7.1% for fiscal year 2016-17) put out by the Central Statistical Office (CSO) of the Government of India has virtually confirmed a slowdown in growth. This is as against 7.6% GDP growth for the financial year 2015-16. While these are just early estimates based on trends coming out in the first …

The tiny district of Namakkal in Tamil Nadu may not be familiar territory for most Indians staying north of the Vindhyas. But this is the small district in Tamil Nadu where Mr. Natarajan Chandrasekhar, currently CEO of TCS and the next Chairman of Tata Sons, was born. The journey of Chandra has been a meteoric …

The RB I released its Financial Stability Report (FSR) covering the key aspects of the financial stability of the financial markets in general and banking system in particular. Here are the key takeaways from the FSR report and what it means for banks in general…   The RBI sees distinct risks to the global financial …

The New Year address by the Honourable Prime Minister on 31st December was special in more ways than one. It was, probably, the first time that a prime minister was addressing the nation directly on the eve of a new year. It also came in the immediate aftermath of the Demonetization drive, which by initial …

The minutes of the Monetary Policy Committee (MPC) meeting on December 06th and 07th culminating in the credit policy announcement had voted in favour of a status quo on rates. According to the minutes released on 21st December, there was complete unanimity among the 6 members of the MPC on the need to maintain status …

The Year 2016 was a tumultuous year in many ways. The year began with a tremendous sense of uncertainty and ambivalence. The global markets lost nearly $12 trillion in value in the first few weeks of 2016. That immediately brought back memories of 1992, 2000 and 2008. All these were nerve racking years for markets …

India’s trade numbers announced for the month of November have been largely in line with expectations. While the Trade deficit at $13 billion for the month of November is definitely at a 2-year high it is in line with previous cycles. However, there are some key components of the trade data that India needs to …