Despite a weakening rupee and rising oil prices in the Brent market, the Nifty gained almost 100 points. There was a mix of short covering and selective buying in the markets on Monday. The way the markets react to ICICI Bank results will determine Read more [...]

The gold research division of Reuters estimates gold prices to touch $1500/oz during the year. While political and economic uncertainty is likely to be one reason for the rise in the price of gold, Reuters also sees genuine demand for gold to pick up Read more [...]

The one stock that held the Nifty up was ICICI Bank, which celebrated bad results with a 7% spike in price. We had said that yesterday but traders need to be cautious about buying ICICI Bank at such lofty levels. Downstream oil could benefit from Read more [...]

In a landmark deal, global retail giant Wal-Mart has bought out 77% stake in Flipkart for a consideration of $16 billion giving Flipkart an enterprise valuation of $21 billion. Flipkart’s largest shareholder, Softbank of Japan, will sell its entire Read more [...]

Despite the US withdrawal from the Iran Nuclear deal and the spike in oil prices, Indian markets continued their up move on Wednesday with the Nifty closing near the 10,750 mark. Focus will continue to be on global cues. Tata group shares were Read more [...]

Bad debts at PNB have certainly taken a big hit in the aftermath of the Nirav Modi default. In the last 10 months, the gross NPAs of PNB have grown by 28% largely led by the default by Nirav Modi and his gang. Wilful defaults amounted to over Rs.15,100 Read more [...]

On the back of weak HCL Tech results, the IT stocks came under pressure which led the markets down. The markets could face further pressure if the Nifty is unable to breach the 10,700 levels decisively on the upside. Yesterday, we had warned about Read more [...]

Patanjali, Adani Wilmar and Godrej Agrovet may be in the race to buy Ruchi Soya. The company has been under financial debt for some time but buyers find it attractive due to its exposure to the production and distribution of edible oils, specialty fats Read more [...]