Rupee has lost (-9.84%) YTD and emerged as the worst performing Asian currency with the Philippine Peso at (-6.6%) slightly better. Apart from the dollar strength and the Yuan worry, the INR has also taken a hit due to rising trade deficit and the current Read more [...]

With too many settlements clubbed due to holidays, the Nifty traders were slightly subdued on Friday leading to delivery buying taking the markets top higher levels. For now the 11,500 level may be a brief resistance for the Nifty. The total Nifty Read more [...]

The speculative impact may be much lower on Friday with the next two settlements being clubbed due to holidays. Lack of speculation may ensure that markets stay higher on Friday. The total Nifty EPS for the first quarter at Rs.114 provides an annualized Read more [...]

Nifty lost close to 50 basis points on Thursday on global cues. The pressure on Thursday came from the financials which looked the most vulnerable after the indications of an escalating US trade war with Turkey and also with China. The rupee tumbled to Read more [...]

As the Nifty opens after a break, the pressure of global weakness is likely to impact the markets. We also expect the weak trade data with deficit at $18 billion for July to weigh in on the market sentiments. The rupee will again be in focus and Read more [...]

Nifty bounced back sharply on Tuesday with outperformance from pharma sector. The concerns over the Turkish Lira looked overdone after Sun Pharma led a revival in the Nifty on Tuesday. The market reopens on 16th after a day’s holiday for Independence Read more [...]

The Nifty corrected close to 70 basis points on Monday as the Turkish Lira led the INR down precariously close to the 70/$ mark. Banks and oil companies will continue to be under pressure on Tuesday. The key to watch will be the Indian rupee. The Read more [...]

Nifty lost 65 basis points to 11,355 levels on Monday on currency pressures. The pressure on the Nifty came from a weak Turkish Lira which led to a 1.6% correction in the Indian rupee. The worst hit were the oil stocks followed by the banking stocks even Read more [...]