The Indian economy seems to be taking one step forward and two steps back. Domestic passenger car sales during Dec '15 grew almost 13% YoY - its 14th straight month of growth. Sales of M&HCVs grew 19%, but two-wheeler sales declined 3%.
However, IIP showed degrowth of 3.2% in Nov '15 YoY - its worst show in 4 years - against a revised 9.9% growth in Oct '15. CPI inflation inched up to 5.61% in Dec '15 YoY against 5.41% in Nov '15. Further interest rate cuts by RBI is unlikely any time soon.
This week, FII net selling in equities has crossed Rs 1930 Crores. DIIs were net buyers of Rs 1660 Crores, as per provisional figures. Month-to-date in Jan '16, FII net selling has crossed Rs 5200 Crores, while DII buying has touched Rs 3100 Crores.
-- However, IIP showed degrowth of 3.2% in Nov '15 YoY - its worst show in 4 years - against a revised 9.9% growth in Oct '15. CPI inflation inched up to 5.61% in Dec '15 YoY against 5.41% in Nov '15. Further interest rate cuts by RBI is unlikely any time soon.
This week, FII net selling in equities has crossed Rs 1930 Crores. DIIs were net buyers of Rs 1660 Crores, as per provisional figures. Month-to-date in Jan '16, FII net selling has crossed Rs 5200 Crores, while DII buying has touched Rs 3100 Crores.
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/01/nifty-chart-midweek-update-jan-13-16.html
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