ICICI BANK TO HOLD KEY TO THE MARKETS TODAY

  • Achiievers

The Nifty closely flat after the specific stocks like ICICI Bank and Axis Bank held the Nifty up. The advance/decline ratio was negative at 22:28 as most mid-cap stocks and debt vulnerable stocks continued to take a hit. Fed held on to rates. Traders
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The Fed rates stay at the current level of 2.25-2.50%

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There was little surprise when the US Fed chose to maintain status quo on rates in the Fed meeting concluded on 30th Jan. The Fed rates stay at the current level of 2.25-2.50%. More importantly, the Fed gave the most dovish stance since 2015 hinting at
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The US has promised punitive sanctions on Venezuela

  • Achiievers

The US has promised punitive sanctions on Venezuela which could have a big impact on crude oil prices While Trump has been aiming to drive Venezuelan Marudo out of power, the Venezuelan oil sanctions could have larger repercussions. Both China and Russia
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Finally, the oil prices relented on Monday

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Finally, the oil prices relented on Monday. In fact, Brent crude snapped a 3 day rally and eased lower to close at $60.21/bbl. The fall in crude prices represents a 2.32% fall in crude prices over the previous day. This was largely led by a sharp rise
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ZEE GROUP COULD HOLD THE KEY TO MARKETS

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Zee stocks corrected sharply on Friday after there was news of SFIO raids on one of the group NBFCs of the Essel Group. There was also selling of pledged shares over expected default on loans. The group may hold the key to the markets. Zee and
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February Policy

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Will the RBI shift its monetary stance to neutral? A recent survey by Reuters had pointed out that while the RBI may not cut rates in February, there was a strong chance of the RBI changing its stance. In the December policy, the RBI had chosen to maintain
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L&T Buyback

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Why SEBI was right in rejecting the L&T buyback bid In a surprising move last week, SEBI rejected L&T’s proposed buyback of shares. L&T had decided to reward its shareholders and had opted for buyback for the first time in its entire history.
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