The bounce in the Nifty was on the back of the MSP announcement for Kharif crops which was sharply higher than the previous hike. This is likely to give a boost to Kharif realization and help address farm distress. While inflation could still be Read more [...]

Buying in pharmaceutical stocks and oil stocks led the Nifty higher on Tuesday. Reliance, ONGC and pharma stocks like Cipla were the major contributors to the Nifty up move on Tuesday. We believe that the value of the rupee will be critical and Read more [...]

In a significant progress on the assurance of minimum support price (MSP) for Kharif crops, the government is to announce support prices for paddy, ragi among others. In the Union Budget, the government had assured an MSP of 150% of the cost of production Read more [...]

Although the Nifty and the Sensex did recover from lower levels, markets were still down by more than half a percent on the back of global cues and trade war fears. Hardening oil prices also played spoilsport with the markets. The INR could be Read more [...]

The Nifty correctly sharply on Monday after the rupee once gain got close to the 69/$ mark. The major correction came from Reliance Industries and HDFC Bank, two heavyweights that corrected over 1.5% in the day. The big worry continues to be the vulnerability Read more [...]

The sharp bounce in the Sensex and Nifty on Friday was led by a relatively stronger rupee which gained more than 60 paisa after breaching the 69/$ mark. Oil prices also moderated on Friday on supply hopes. Auto numbers have once again flattered Read more [...]

The markets bounced back sharply on Friday on a mix of global cues and domestic buying support. Nifty bounced sharply by 125 points on Friday to settle at 10,714. Even the Sensex was up by 380 points. The buying was led by oil counters and metal counters Read more [...]