Weekly Capsule (Oct 29 – Nov 02) and Impact Analysis

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News Announcement Impact Analysis Nifty gains over 500 points during the week ended November 02nd The sharp rally in the Nifty was largely driven by reconciliation of the US-China trade war and Iran oil exemptions to India Banking,...

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the day of normalization with the Nifty

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Friday was the day of normalization with the Nifty, rupee and the bond yields showing return to stability. The Nifty bounced by over 237 points on Friday on the back of short covering support from traders. The markets also go some boost from the RBI promising...

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RBI Intervention

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Why dollar forwards are gaining popularity at the RBI How does the RBI intervene to defend the rupee when it is crashing? For a long time, the only strategy was to sell dollars. In the last few years, the RBI is increasingly relying on rupee forwards...

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Inflation & Growth

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Inflation under control, but IIP growth remains the challenge During the week, the MOSPI announced two important data points. Inflation came in at 3.77% marginally higher than the 3.69% announced in the month of August. IIP growth, on the other hand,...

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Weekly Capsule (Oct 08 – Oct 12) and Impact Analysis

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News Announcement Impact Analysis IL&FS Board calls for a full audit of all group companies It has emerged that the actual subsidiaries and group companies may be closer to 350 rather than 150 The balance sheet of the company...

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It was an unlikely day

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It was an unlikely day of volatility and a positive close. Nifty shows a smart 100 points bounce on Tuesday. The real story was the A/D ratio which strongly skewed in favour of the advances in the ratio of 7:3. The Nifty benefited from a bounce in banks...

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GOLDMAN DOWNGRADE SPOOKS THE NIFTY

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Nifty lost close to 140 points on Monday after Goldman Sachs downgraded Indian equities from Overweight to Market Weight. The worsening trade war between the US and China also took its toll on the markets. The rupee weakened sharply on Monday and...

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Weekly Capsule (Sep 10 – Sep 14) and Impact Analysis

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News Announcement Impact Analysis Trump readies tariffs worth $200 billion on Chinese imports This is likely to be in addition to the $50 billion of tariffs that the US has already imposed on China With China also imposing counter...

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