$52,000: Bitcoin hit a new all-time high of over $52,000 a unit last week before dropping by nearly 17 per cent on Monday.
The cryptocurrency, which has seen a wild rally since Tesla CEO Elon Musk drove it with his social media post that his company would start accepting payments in Bitcoin, declined on Monday again on Musk’s remark of an overheating in the price.
87 per cent: The percentage of Indian companies planning pay hikes in 2021.
According to global professional services company Aon's latest survey on salary trends in India, 87 per cent of the surveyed companies plan to give pay hikes in 2021. This piece of news should bring cheer to many corporate employees who have suffered salary cuts this year. In 2020, the corresponding figure stood at 71 per cent.
$70.2 billion: The proceeds mobilised by the New York Stock Exchange (NYSE) through initial public offerings (IPOs) in 2020 so far.
The US markets have been the biggest venues for IPOs this year, with NYSE and Nasdaq ($60.4 billion) together commanding proceeds of over $130 billion and a global share of 41.1%.
17%: Decline in venture capital (VC) investments in January-September 2020 when compared with the same period a year earlier – from $7.9 billion to $6.5 billion.
The funding was led by the education, real estate and fintech sectors, which accounted for $1.76 billion, $754 million, and $730 million of the funds raised, respectively.
3.4x: The price-to-book value of the Nifty 50 index.
In the past, when experts tried to justify the fact that the markets are not expensive, they said one should not look at the price to earnings (P/E) ratio of the market in a year in which companies' earnings have collapsed, thereby making the P/E ratio appear unnaturally high.
71%: The return from the S&P BSE Healthcare Index over the past one year.
The Healthcare Index has given a return of 71 per cent over the past year. The sector is performing at a time when several others aren't. A number of factors are responsible for the sector's stellar show. As the table below shows, healthcare underperformed between 2016 and 2019. It is bouncing back now. Large-cap Indian pharma firms are major exporters to the US, a market in which companies are not allowed to brand their products and charge higher prices based on product differentiation.
-4.1%: The average return from gold ETFs in the past month.
Gold has been on a weak wicket for the past month, with exchange-traded funds (ETFs) in this space witnessing a decline of 4.1 per cent over the past month. One major factor that has led to weakness in the yellow metal is the strengthening of the US dollar. This is happening on account of expectations that the US will soon come up with a stimulus package.
300,000: The number of temporary and permanent jobs estimated to be created for gig workers as companies push new shopping models like WhatsApp sales this festive season.
About 20% of the workers taken in temporary jobs are expected to be retained at the end the festive season, according to a Redseer and TeamLease analysis. This year’s festive boost is expected to push sales value to $4 bn, especially because of the Covid-19-driven online adoption.
Rs 1 trillion: The asset under management (AUM) of Nifty 50 exchange-traded funds (ETFs) reached this figure recently. That is equivalent to about 50 per cent of the total corpus of all ETFs combined.
A large chunk of the funds, of course, has come from the Employees' Provident Fund Organisation (EPFO), which invests about 15 per cent of the fresh money that it receives each year. Increasingly, however, high net worth individuals and retail investors have also begun to invest in ETFs. Fund managers have begun to find it difficult to beat their benchmarks, especially in the large-cap space (read SPIVA reports).
$1.19 billion: Funds raised from venture capital (VC) investors by India’s education technology companies this calendar year (till August) in 36 deals.
The amount raised by the edtech sector in the eight months of 2020 is the highest ever, and thrice as much as the $373 million raised across 31 deals in the same period last year. The edtech companies’ business has got a major fillip this year in the wake of the coronavirus crisis, with lockdowns forcing the bulk of learning activities to move online. Of the funds raised by the edtech sector, more than 94 per cent ($1.12 billion) was raised in four deals by Byju’s Classes alone. Unacademy raised $150 million
3 years: The maximum tenure of almost two-thirds of the SIPs in the country. Even though industry experts and financial advisors keep extolling the benefits of long-term investing, the message doesn't seem to have registered with a large number of retail investors.
According to industry data, 65 per cent of systematic investment plans (SIPs) run for less than three years. Around 47 per cent of SIPs run for less than two years. Investors begin SIPs in equity mutual funds when markets are doing well, but lose faith once they enter a bearish phase. They stop their SIPs and withdraw their money from equity funds. Actually, SIPs tend to do well if one continues to invest when the markets are down. That is when each instalment of the investor's money buys a larger number of units. This helps to improve returns when the markets rebound.
$99.9 bn: Value of global sustainable bond issuance in the April-June quarter of 2020, a quarterly record.
This was 65 per cent higher than the January-March quarter. Record quarterly issuance of both social bonds ($33 billion) and sustainability bonds ($19.1 billion) drove the strong combined total. Green bond issuance, at $47.8 billion, was 26% more than in the March quarter, but still modest when compared with the June quarter of 2019.
16.5%: Estimated contraction in India’s gross domestic product (GDP) during the April-June quarter of 2020-21 (at current prices), according to an SBI Research report.
The estimate has been revised from a contraction of 30 per cent forecast earlier amid the economic stress caused by the coronavirus pandemic. The improved outlook is mainly on account of smaller than expected gross value added (GVA) de-growth reported by companies.
Rs 65,000: The price of silver went past the Rs 65,000-per-kg mark on July 29.
This is the highest level for silver since the April 2011 high of Rs 75,000 a kg. According to experts, the metal could soon breach the all-time-high level. In fact, in global markets, silver jumped to a seven-year high due to bets on a rebound in demand for the metal by industries.
32%: Jump in value of investments of ace stock-picker Rakesh Jhunjhunwala and family since the start of this financial year.
The portfolio of Jhunjhunwala and family has surged past the Rs 10,000-crore mark, rising by Rs 2618 crore since April 2020. While his stake in Titan Company and Escorts, besides 16 other companies, remained unchanged during this period, Rallis India, Escorts, Jubilant Life Sciences and CRISIL helped Jhunjhunwala’s portfolio beat market returns at the index level.
189%: Increase in India’s gems & jewellery exports in June 2020 over the previous month in value terms — from $570 million to $1,647.5 million.
June saw some revival in the country’s export of gems & jewellery after a low in May and April (for which official data was not released). However, on a year-on-year basis, the value of exports in June this year was 34.72 per cent lower than that in the same month last year. During the April-June period of 2020, the value of India’s gems & jewellery exports stood at $2,750 million, 54.8 per cent lower than that in the same period last year.
6.5%: Annual rise in combined dividend payout in the 2019-20 financial year by India’s top listed companies that are part of the BSE500 index.
These companies’ combined dividend payout for FY20 stood at Rs 1.91 trillion, against 1.79 trillion for FY19. The surge in dividend payouts — in spite of weak markets and at least the last quarter being severely affected by the coronavirus crisis — was mainly driven by cash-rich players like Tata Consultancy Services, ITC, Hindustan Unilever, Nestle and Bajaj Auto.
20%: The NSE Nifty’s year-on-year rise in the April-June 2020 quarter – the best quarterly showing in at least 11 years.
The BSE Sensex saw an impressive jump of 18.5% in the quarter. Supportive action by global central banks boosted investors’ risk appetite, and foreign inflows into Indian equities thereby, even as the coronavirus pandemic hit economies around the world.
43.39%: Annual decline in domestic air passenger traffic in the January-May 2020 period.
The drop was mainly on account of flight restrictions imposed on March 25 in view of the coronavirus pandemic and in force until May 24. According to airline executives, the little demand that there was during the period was unidirectional.
9.88%: Central taxes’ share in India’s gross domestic product (GDP) in 2019-20 plunged to a 10-year low of 9.88%.
Central taxes’ share in India’s gross domestic product (GDP) in 2019-20 plunged to a 10-year low of 9.88%. The ratio of central taxes to GDP had stood at 10.97% in 2018-19, and 11.22% the previous year.
$4.4 billion: Total follow-on offerings in India in May so far — the highest for any month on record.
The country has seen two mega follow-on offers via block deals this month — one each by GlaxoSmithKline (GSK) and Bharti Telecom. GSK’s $3.3-billion sell-down in Hindustan Unilever is the largest additional share sale in India this year.
14.7%: The NSE Nifty’s returns for April 2020 in local currency terms — the most among major world markets.
Indian equities were among the best performers globally in April, despite it being a washout month for economy. In local-currency terms, India at the top was followed by South Africa (13.8% returns), Taiwan (13.2%) and the US (12.7%)
Rs 1.2 trillion: The increase in Reliance Industries Ltd’s (RIL’s) market capitalisation in six days after the announcement of Reliance Jio Platforms’ deal with Facebook.
The RIL stock gained 15.5% on the BSE between April 22nd and 27th/28th. Reliance Jio, part of the Mukesh Ambani-promoted RIL, announced a Rs 43,547-crore equity deal with social media giant Facebook on April 22. In comparison, the benchmark S&P BSE Sensex gained 4.8% during the same period.
Rs 1 trillion: Cumulative flows via systematic investment plans (SIPs) crossed the Rs 1-trillion mark in 2019-20.
Mutual fund investors have chosen to continue with their SIPs despite high turbulence in equity markets. According to data from the Association of Mutual Funds in India (Amfi), inflow via this route was Rs 8,641 crore in March.
42.42%: Average decline in banking and financial services funds over past three months.
Banking and financial services funds have fallen the most among all categories of funds over the past three months. Banks in India, especially public-sector ones, have been struggling with non-performing assets (NPA) for a long time. But the market reposed faith in private sector banks.
Rs 11.4 trillion: The stock market crash on March 12 wiped out Rs 11.4 trillion worth of investor wealth. The main trigger was the World Health Organization declaring Covid-19 a pandemic.
Extreme risk aversion has set in. With the number of cases rising rapidly in the US and Europe, foreign institutional investors (FIIs) are withdrawing money from emerging markets, including India.
74: The rupee crossed the 74 mark against the dollar in intra-day trade on March 6.
The Indian rupee has come under pressure in recent days and is expected to soon touch the 75 mark against the US dollar. Till March 5 (closing 73.32), the rupee had fallen 2.87 per cent against the greenback over the past month.
6.98 per cent: Decline in the BSE Sensex in a week’s time — from 41,170.12 at close on February 21 to 38,297.29 at close on February 28.
Indian investors lost nearly Rs 11.43 trillion due to the decline, with total market capitalisation falling from Rs 158.51 trillion on Feb 21 to Rs 147.07 trillion on Feb 28. The Indian stock markets mirrored a collapse in global equities, which have seen little relief from the impact of the Coronavirus outbreak.
7-year high: Gold climbed to a 7-year high last week, surpassing the $1,600 level.
The sharp rise is, in all probability, the outcome of worries about the global economic impact of the coronavirus outbreak. The World Health Organization last week confirmed 73,332 cases of COVID-19, the new coronavirus. Of these, over 2,500 have died so far in China alone, according to WHO.
Rs 8,532 crore: The inflows into mutual funds through the systematic investment plan (SIP) route touched an all-time high of Rs 8,532 crore in January, shows data from the Association of Mutual Funds in India (Amfi).
January, in fact, was the 14th consecutive month during which SIP inflows remained above Rs 8,000 crore. This data points to the growing maturity of retail investors, who have accepted that volatility is an intrinsic part of equity markets.
6.5 per cent: India's net household financial savings growth rate has fallen to an eight-year low of 6.5 per cent, according to data released by the National Statistics Office (NSO).
Gross savings less total loans taken by households gives you net savings. Gross savings have fallen from Rs 20 trillion in FY18 to Rs 19.9 trillion in FY19, while loans taken by households have gone up. With corporate loans not taking off, banks are aggressively pushing loans to their retail customers.
Rs 40,000 crore: Finance Minister Nirmala Sitharaman said in her Budget speech that the new simplified personal income-tax regime will mean that the government will forgo Rs 40,000 crore worth of revenue.
The new personal income tax regime offers lower tax rates to individual taxpayers, but takes away the numerous tax deductions and exemptions that were available previously. It will be a simpler tax regime.
100 per cent: Two years after a failed attempt, the govt has launched its biggest privatisation exercise, by agreeing to sell its 100 per cent holding in Air India, instead of 76 per cent offered earlier.
Also on offer are Air India subsidiary Air India Express, and joint venture Air India SATS Airport Services. Under sweetened deal terms, the govt has offered full management control, reduced debt, a leaner organisation and flexibility to form a consortium.
7.35 per cent: The rate of consumer price index (CPI) -based inflation, or retail inflation, rose to 7.35 per cent in December, hitting a five-and-a-half-year high.
Retail inflation had stood at 5.54 per cent in November 2019, and at 2.18 per cent in December 2018. But, in December 2019, it breached the Reserve Bank of India's (RBI's) tolerance limit of 6 per cent.
0.97%: NSO estimates for investment growth in 2019-20.
After the Reserve Bank of India had projected GDP growth at 5 per cent for 2019-20, a similar figure from the National Statistical Office (NSO), though disappointing, did not come as a surprise. A bigger shocker, though, was that investments are projected to grow at a meagre 0.97 per cent this year.
4.9 per cent: Moody's forecast of India's economic growth for 2019-20 has declined by 1.3 percentage points from 6.2 per cent at the beginning of the year. It was 7.4 per cent in 2018.
On October 10, Moody's had first slashed its India's FY20 economic growth forecast to 5.8 per cent. The reason it cited was that government measures did not address the widespread weakness in consumption demand.
6.75 per cent: The yield on the 10-year government bond.
The yield on the benchmark 10-year government bond has been rising ever since the Reserve Bank of India (RBI) announced a pause in its rate-cut cycle. The RBI unexpectedly paused its rate-cut cycle primarily due to concerns over rising consumer inflation.
Rs 1,690.48 crore: The net inflows into equity mutual funds in November.
Net inflows into equity mutual funds fell to Rs 1,690.48 crore in November, according to figures released by the Association of Mutual Funds in India (Amfi). This was 72 per cent lower than the Rs 6,037.78 crore received in October 2019. Redemptions from mutual funds rose to a 20-month high of Rs 16,216.66 crore.
82,599: The number of Karvy clients who got back their shares from NSDL, after Sebi acted swiftly to restore them to their rightful owners.
The shares had been illegally transferred by the broker, Karvy Stock Broking, to its account and pledged without any authorisation. Securities belonging to 7,000-8,000 clients are yet to be transferred.
830 days: The time it took for the Essar Steel case to be disposed of. A large number of cases –535 at the end of September – are stuck in the insolvency courts beyond the stipulated time frame of 270 days.
The recent Supreme Court judgement in the Essar Steel case established the primacy of financial creditors over operational creditors in the resolution process. While this judgement brings some cheer to banks, they cannot afford to turn complacent as insolvency courts have failed so far to resolve cases in a speedy manner.