Monthly Report

1. Monthly Report November- 2017

2. Purchasing Managers' Index (Manufacturing) PMI (Manufacturing) was much slower in October 2017 compared to September 2017 due to drop in the new orders for the month of October

3. Purchasing Managers' Index (Services) PMI (Services) has grown considerable in the month of October 2017 continuing its upward move from the previous month as the temporary disruption seen in the month of July 2017 over GST implementation subsides

4. Foreign Institutional Investors (Equity) Foreign Institutional Investors have been net buyer in equity markets despite overvaluation. We believe this is due to the recent upgrade of sovereign rating by Moody’s

5. Foreign Institutional Investors (Debt) Foreign Institutional Investors have shifted focus from the Debt markets as they have moved towards equities on positive sovereign ratings from Moody’s

6. Domestic Institutional Investors DII’s have been net buyers in the Indian Markets at a slower rate as compared to the previous month, probably due to concerns over valuations

7. Government Bond Yields (10 Year G-Sec) Government Bond Yields have risen despite the RBI trying its best to keep the rates under check as they cancelled the Open Market Operation due to evolving liquidity changes

8. Government Expenditure Government Expenditure is the amount government spends on Consumption, Investment and Transfer Payments

9. Revenue Deficit Revenue Deficit is a measure of the government’s revenue shortfall against the expected revenues inflows. In the below case the negative revenue deficit indicates a surplus and the positive number indicates deficit

10. Fiscal Deficit Fiscal Deficit is the difference that arises when the government’s revenue falls short of covering its expenses

11. NIFTY Nifty in the month of November came off its all time high in the previous month due to rising inflation over rising global crude prices and also due to the widening of India’s fiscal deficit

12. SENSEX Sensex also ended relatively lower due to rising inflation and global crude oil prices

13. DOLLEX 30 Dollex 30 is a USD equivalent of BSE Sensex

14. NSE Ratios (Monthly) NSE valuation ratios indicate the overall valuation of the index components

15. BSE Ratios (Monthly) BSE valuation ratios indicate the overall valuation of the index components

16. India Volatility Index (VIX) Volatility Index is a measure of the implied volatility present in the market. In the month of November the widening fiscal deficit led the Indices lower which in turn led to the rise in the volatility

17. NSE Ratios (Yearly) Yearly valuation ratios indicate that the markets are currently overvalued an we believe that the markets could correct in the near future

18. BSE Ratios (Yearly) Yearly valuation ratios indicate that the markets are currently overvalued to the levels that preceded the dot com bubble or sub-prime mortgage crisis

19. BSE Small & Mid Cap Indices Mid-Cap & Small Cap Sector have grown approximately 2% and 3.50% respectively

20. Sector Indices BSE Auto has marginally declined by 0.82% in the month of November and the Healthcare Sector is lower by over 2%

21. Sector Indices (Continued) NSE Nifty banks has grown by 1.25% and NSE Nifty IT has grown by over 2.5%

22. US Indices US market indices have gone up by almost 3% (S&P 500) and 4% (Dow Jones)

23. S&P TSX Index (Canada) Canadian Markets have made minor gains of 0.26% in the Month of November 2017

24. DAX (Germany) German markets have fallen a little more than 1.50% in the month of November

25. FTSE 100 (UK) UK’s markets have declined over 2.20% in the month of November

26. S&P ASX Index (Australia) Australian Markets posted a modest growth due to marginal lowering of the inflation expectation and increase in the trade surplus and all other major economic indicators remaining constant

27. SET50 (Thailand) Thai Markets have ended lower as compared to the previous month driven by slowdown in manufacturing, considerable rise in imports which led to the drop in the current account surplus and reduced consumer confidence index

28. IBOVESPA (Brazil) Brazilian Markets have declined over 3.15% in the month of November

29. TAIEX (Taiwan) Taiwanese Markets have declined over 2.15% in the month of November

30. Nikkei 225 (Japan) Japanese Markets have risen by approximately 3.25% in the month of November

31. Gold (Yearly Average Prices) Gold yearly prices trends 1975-2017

32. Gold (Monthly Average Prices) Gold Prices have declined as the investors are investing in riskier assets such as equities and the demand for gold has lowered

33. Currency Data Other Currencies relative to the US Dollar

34. Currency Data Indian Rupee has strengthened against the Dollar (USD) and the British Pound (GBP) over the past two years

35. Crude Oil Brent Crude Oil prices are on the rise as the OPEC nation and Russia agreed to extend production cuts

36. WTI Crude WTI Crude prices are also on the rise due to the production cuts extended by the OPEC nation and a rise in demand by the oil importing countries for American crude oil

37. Top Gainers

38. Top Losers

39. Economic Indicators

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