The February monetary policy did spring a surprise. The general consensus in the market was that the RBI would shift its stance to neutral. However, the MPC went one step ahead. It not only shifted the stance to Neutral but also cut the repo rates by Read more [...]

News Announcement Impact Analysis Nifty and Sensex plunge on Friday led lower by Tata Motors The Tata Motors stock corrected nearly 18% in a single day after a record loss of Rs.27,000 crore in Q3 The markets were also Read more [...]

The rate cut coupled with the shift in the monetary stance did not really manage to give a boost to the markets as the Nifty gave up early gains to close almost flat. The higher fiscal deficit continues to be a big overhang. The policy has been Read more [...]

The stock markets refused to react to the unexpectedly proactive rate cut by the RBI and ended flat. RBI in its monetary policy announcement cut repo rates by 25 basis points to 6.25% and also changed the stance of the monetary policy from “calibrated Read more [...]

A sharp rally ahead of the RBI monetary policy led to the Nifty decisively settling above the 11,000 mark. There was selective buying and short covering in the rate sensitive sectors like banking and autos, which fuelled this rally. While the markets Read more [...]

As the RBI prepares to announce the outcome of the MPC meeting on Thursday, the SBI Chairman, Rajnish Kumar, has expressed doubts on dovish signals from the RBI. In fact, Mr. Kumar expressed hope that the RBI may shift to a neutral stance but expressed Read more [...]

According to estimates put out by India Ratings, Indian banks may have to provide another $5.6 bn for NPAs not yet provided for. This additional provision of $5.6 billion is estimated by India Ratings to be made by Indian banks for the period October Read more [...]

The market did close in positive on the back of short covering ahead of the monetary policy later this week. The short covering was visible in the banking and auto space, which are also likely to benefit from the budget focus. A lot could predicate Read more [...]