NIFTY SCALES ABOVE THE 10,600 MARK

  • Achiievers

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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PSU Bank NPAs

  • Achiievers

Is the worst actually behind these … The fourth quarter ended March 2018 may have been one of the worst quarters for the PSU banks. With a massive loss of Rs.13,200 crore reported by PNB, Rs.7,700 crore by SBI and Rs.5,600 crore by IDBI, the total
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NIFTY RECOVERY MAY BE SHORT LIVED

  • Achiievers

The Nifty recovery on Thursday was driven by IT stocks like IT and Infosys and the INR weakened and the benefits directly flowed to the IT companies. However the US-Korea standoff is likely to make matters worse for Indian markets. The government
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The stock of ONGC tanked by 11%

  • Achiievers

The stock of ONGC tanked by 11% on Thursday on the back of the proposed windfall tax proposed by the government of India. With the sharply higher price of crude oil in international markets, the domestic price of petrol and diesel has also gone up
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