It was a hectic day for global markets a day after the RBI hiked rates by 25 basis points. The Euro strengthened to a 3-week high after the ECB indicated that the stimulus unwinding may start sooner than anticipated. In the meanwhile, Turkey set the tone Read more [...]

The Nifty and the Sensex gave up its early euphoria as the spectre of a rate hike on June 06th kept the market on tenterhooks. Markets are worried that a rate hike combined with a hawkish view could push yields beyond 8%. The focus will be on the Read more [...]

As the RBI goes into a critical June policy, the room is still divided on the rate outcome. While half of the economists are still betting on a 25 bps rate hike on June 06th, the other half is still of the view that the RBI may give a hawkish note and Read more [...]

The market gave away gains with a sharp correction in the Bank Nifty as fears of a possible rate hike on 6th June took precedence. RBI may be compelled to hike rates to curb inflation and to stem the fall in the rupee value. Most private banks Read more [...]

For the second time in 2 months, Fitch has downgraded the viability ratings of PNB. This was following a significant deterioration in the credit portfolio of PNB. Fitch has actually cut PNB by two notches from B to BB- due to the higher than expected Read more [...]

Core sector came in marginally higher at 4.7% for the month of April. The Core sector is also referred to as infrastructure growth as it represents the 8 core sectors of the manufacturing economy. The 8 core sectors include Cement, Steel, Fertilizers, Read more [...]

The Italian connection really did not have a major impact on the Indian markets with the Nifty holding the 10,600 mark. Also by late noon it was clear that the Italian problem really may not be too serious. One can look forward to a sharp uptick Read more [...]