(Week 11) Mar 14 - Mar 17, 2017
Sectoral Indices (Top 5)
Events of the Week
13-Mar-2017: BJP has performed remarkably well in 5 state elections and is set to form government in 4 out of 5 states. BJP alone won 312/403 seats in politically significant Uttar Pradesh.14-Mar-2017: Wholesale price index (WPI) based inflation shot up to over three year high at 6.55% in February versus 5.25% for Jan 2017 due to rise in prices of food and fuel and power.14-Mar-2017: For the period April 2016 to Feb 2017 India’s indirect tax collection surged by 22.2% at Rs 7.72 lakh and direct tax collections rose 10.7% to Rs 6.17 lakh crore. Government has mopped up 81.5% of the targeted Rs 16.99 lakh crore till February.15-Mar-2017: The inflation based on consumer price index (CPI) snapped 3-month losing streak and rose to 3.65% in February 2017 versus 3.17% in January 2017.15-Mar-2017: India’s exports grew at its fastest pace in multiple years by 17.5% to $24.49 billion in February while imports were up 21.8% to $33.39 billion. Trade deficit for the period widened at $8.9 billion versus $6.5 billion in the year ago period. 15-Mar-2017: US Federal Reserve hiked the US benchmark interest rates by 25 basis points to between 0.75% and 1%.17-Mar-2017: GST Council approved all five draft legislation namely – State GST, Union Territory GST, Central GST, Integrated GST and the Compensation legislation. The council capped cess on demerit goods at 15%.
Leader in the pack
ICICI Prudential Midcap ETF: 60.25 (5.06%)
Laggard in the pack
GS Hang Seng BeES : 2200.00 (4.76%)
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