Markets reel and test the times of changing policy

Market

The stock market has been the 2nd most volatile news in the past after let’s say the prices of the onions because of various reasons, but one important factor that it has been skimpy and jumpy is the sentiment-driven nature of the market and how news cycles, as well as policy decisions, decide on which side of the bull or the bear will it choose to outplay in the day. The currency of the country has been trading at a baseline of 70 and the worst projection of 73 against the US Dollar which is a bad thing for the investments which have already been poured into the country under FDI scheme, but the Foreign Portfolio Investors (FPI’s) have been faring pretty well in the thick of things happening at the policy front as they managed to put enough heat on the government to reduce the cess and the higher taxes earned by high net worth individuals which had been a major sales pitch of this year’s Fiscal policy. The banking sector has been down with undue stress due to NPA’s rising on the back of micro-enterprises failing through the slowdown and not having the assets to reel into the ARC pockets, the banks have been feeling the heat scorching up in their books and by the stringent audits by RBI to keep the sector in check especially after the debacle it faced with the Punjab & Maharashtra Co-operative Bank, which was one of the biggest co-operative banks in the country.

 

 

 

 

Shreyas Tanna

About Shreyas Tanna

The winner of Mr. Pune 2009 Pageant, Mr. Shreyas Tanna is currently the young, dashing, and dynamic CEO of a market research company called Research N Reports in Pune. Fondly known as RNR, the company specializes in market research as well as industry analysis, and is closely associated with its parent company Absolute Markets Insights (AMI). Mr. Shreyas Tanna began his corporate journey as the Head of Corporate sales & PR at RED Entertainment while pursuing his degree for MMS (Marketing) from the MGM College of Management, Mumbai. After accomplishing the tedious task of balancing his work and education, he further polished his skills in Corporate Sales, Public Relations, Channel Development, Global Client Engagement, Strategic Consulting, and Brand Development by working with HDFC Life and ResearchMoz Global Pvt. Ltd. His dedication towards his work has even won him accolades such as the National Level Performer 2013 – HDFC Life and Mr. ResearchMoz 2015. A disciplined individual with a loving heart, he is often seen taking crisp walks with an engrossed look and a gentle smile within the premises of his company to interact with the various departments. And he will be usually followed by an adorable trail of his beloved trio of Shih Tzu babies proudly known as Gucci, Drake, and Paris. The most enticing thing that you will notice about this content and proud pet parent is his infectious positivity and the firm belief in his eyes, a reflection of his favorite quote, “LIFE IS BEAUTIFUL!”

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