L&T reported 5% higher profits at Rs.3167 crore

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L&T reported 5% higher profits at Rs.3167 crore for the fourth quarter ended March 2018. Total revenues for the quarter were higher by 10% at Rs.40,678 crore. During the fourth quarter, the order inflows were higher by 5% at Rs.49,557 crore with international...

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25 BPS RATE HIKE IS GOOD NEWS FOR NIFTY

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  The Nifty celebrated the 25 basis points hike in the repo rate with a 100 points rally on Wednesday. The rate hike was factored in, but the markets liked the fact that the RBI did not give a hawkish view on rates and inflation. Rate...

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The Monetary Policy Committee

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The Monetary Policy Committee (MPC) in its second monetary policy of the current fiscal hiked the repo rates by 25 basis points. This is the first rate hike by the RBI in the last 53 months. The rate hike was necessitated largely by higher inflation...

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NIFTY SCALES ABOVE THE 10,600 MARK

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The Nifty scaled the 10,600 mark on Friday on the back of sustained buying by domestic funds despite selling from foreign investors. The market is likely to sustain above 10,500 levels for now Downstream oil may actually outperform from here...

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Weekly Capsule (May 21 – May 25) and Impact Analysis

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News Announcement Impact Analysis HD Kumaraswamy sworn in as the chief minister of Karnataka The swearing in ceremony was a show of opposition unity with most opposition CMs attending the meet On Friday, the Kumaraswamy government...

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Cess on ONGC

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Why it is a bad idea to begin with… The government recently came up with an idea to impose a special cess on ONGC when the global Brent Crude prices cross $70/bbl. The logic is that higher crude prices mean higher profits for oil extractors like ONGC...

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FII Outflows

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Could it really get much worse from these levels? A recent report by HSBC underscores the risk of higher capital outflows from equity and debt. FPIs have been net sellers in the last couple of months. In the month of May alone, FPIs have sold over...

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