The Nifty appeared to have forgotten the sharp correction of Wednesday as a mix of selective buying in financials and short covering in IT and FMCG stocks took the markets higher on the day of F&O expiry. The sharp fall in oil prices came after Read more [...]

It is now official that the direct tax collections are really short of the target. The CBDT has raised an alarm over a 15% shortfall indirect tax collections as per the data for direct taxes collected till March 23rd.  There was the visible weakness Read more [...]

After a sharp rally on Tuesday, it was a disappointing day for the Nifty and the Sensex as it corrected nearly 450 points from the peak. Autos and Pharma stocks took a major hit in trading on Wednesday. Oil has again closed at the psychological Read more [...]

Two months ahead of the onset of the South West Monsoon, there seems to be good news from the weather office. The Med department has predicted robust monsoon in 2019 subject to El Nino effect The IMD is predicting a very low probability of an El Nino Read more [...]

Despite slowdown fears in the global economy, Brent Crude prices hardened on Tuesday but faced resistance at $68/bbl and closed lower. While the price of Brent did manage to scale past the $68/bbl mark, it hit resistance at 68/bbl but still closed 94 Read more [...]

In line with the global cues, the markets bounced back smartly on Tuesday with the Sensex more than recovering the losses of Monday. The banking and financials continued to dominate the Nifty on the upside. Oil continues to be the big question Read more [...]

On a day when the Nikkei cracked by over 3%, the Nifty and the Sensex also felt the pain as the fears of a global economic slowdown came back to haunt the markets. There was selling across the board, especially in financials. The big story globally Read more [...]

Some question markets over high-value consumer demand in India. The latest Emerging Consumer Survey conducted by Credit Suisse saw India ranking top in consumer sentiments. However, most Indians are not optimistic about high-value items like homes, cars Read more [...]