Market Updates

FTM Update May 2017

Looking at the wider economy, the GST could lift growth by 2%. Greater tax compliance and efficiency has the potential to increase government revenue, and narrow budget deficit. However, there could be a one-time bump in inflation after introducing GST but it can soon be normalized...

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Monthly FTM Update -April,2017

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RBI Policy moves with the wide expectation keeping interest rates unchanged in its first bi-monetary policy review for FY18. However, it raised the reverse repo rate to 6% from 5.75% earlier. The committee is choosing to be conservative when it comes to Inflation. It has reiterated 4% inflation in the medium term as a core objective. Raising the reverse repo rate to 6% is a step towards ensuring that the liquidity management is in line with the neutral stance...

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Monthly FTM Update - Mar, 2017

FTM

It’s ‘Har Har Modi’, ‘Ghar Ghar Modi’ echoing everywhere. Resounding victory of BJP in UP is a proof of Modi’s populism and credibility among the people. It signs that impression of demonetization on people is positive. This historic win is not just a ringing endorsement of his popularity but also an impetus to his prospects for 2019 elections. It will be taken positively by the market as it ...

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Monthly FTM Update - Feb, 2017

FTM

No bad news is good news. This Budget can be described as neutral to being mildly positive. It has largely focused on increased public expenditure, especially in the rural areas and on infrastructure. At the same time, the Budget projects to limit the fiscal deficit at 3.2% of GDP. Though, markets gave a thumbs up to the Finance Minister for sticking to fiscal discipline, economist are of the view ...

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Monthly FTM Update - Jan, 2017

FTM

Last three months saw unprecedented changes on the domestic front. On 9th Nov, an average Indian woke up to suddenly realize that the currency that he holds is no longer valid. Repercussions (both positive and negative) from this mammoth change are yet to be seen. It might take a substantially long time before we get close to the real impact of this move.


Meanwhile, the focus has shifted on the ...

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