Over the last 6 months, there has been a sharp fall in the stock prices of downstream oil companies like HPCL, BPCL and IOC. In fact, BPCL has corrected 17% while IOCL has corrected 19% with the worst performer being HPCL, which has corrected 27%. For Read more [...]

After touching a high of 5.21% in December 2017, CPI inflation has been on a downtrend for the last 3 months in succession. For the month of March-18, CPI inflation came in lower at 4.28%. This is well within the RBI target of 4-5% inflation for the Read more [...]

It is now almost a month since the whistleblower allegations about conflict of interest at ICICI Bank first came out. In the meantime, the CBI has initiated its investigations and the Chairman of the Board has come out emphatically in support of the CEO. Read more [...]

A day after the US, France and UK launched targeted missile strikes on Syria; the attacks have been strongly condemned by Russia and China. In fact, Russia has also threatened with strong retaliation. The US strikes were a response to the alleged chemical Read more [...]

With the US, France and UK launching attacks on Syria, the situation becomes really delicate in West Asia. Markets could be under pressure on Russian retaliation pressure as well as a rise in crude oil prices. Infosys disappointed with a 300 basis Read more [...]

The positive returns during the week continue with IT stocks driving the Nifty higher on Thursday. Apart from better result expectations on IT, the INR weakening beyond the 65/$ mark is also making the IT stocks attractive. We expect this quarter Read more [...]

IIP growth for the month of February came in at 7.1%. The good news was that Manufacturing continues to grow at 8.7% even as electricity slowed down and mining saw negative growth. The return to growth in the manufacturing sector is probably the one good Read more [...]

With Donald Trump threatening to launch an attack on Syria, world markets were worried that the US and Russia may come into direct confrontation as Syria is an ally of Russia. Putin has already warned the US that any attack on Syria will invite counter Read more [...]