Markets bounced back sharply on hopes that the government may scrap the FPI tax either totally or as an exception. There were also expectations of the LTCG being modified considering weak revenue generation. While the enthusiasm in the markets Read more [...]

Pressure on the oil prices continued on Wednesday as Brent crude cracked by 360 basis points to $56.83/bbl on global growth worries. As the trade war between the US and China escalated with the US firm on giving the currency manipulator tag to China, Read more [...]

Even as the US markets managed to stay nearly 1% higher on Tuesday, the European markets came under pressure on continued BREXIT uncertainty and the ongoing trade war between the US and China. All eyes will be on the credit policy to be announced Read more [...]

Weak earnings by Indian companies in the June quarter may be indicative of large slowdown in growth as the quarterly earnings have disappointed ahead of festival season. The warning signals came from the automakers and the lenders warning of a weak growth Read more [...]

When the markets open on Tuesday, the relevant issue will not be Article 370 or Section 35A but the weakness of the Yuan and the global slowdown. These issues are likely to put pressure on the Indian markets on Tuesday. The metals pack is likely Read more [...]

Scrapping of Section 370 had been on the agenda for a long time but it finally gained fruition on Monday after the Upper House passed the bill for reorganization of Jammu and Kashmir. In a swift move, the government scrapped Article 370 and Article 35A Read more [...]

Markets are likely to be under pressure due to the Kashmir faceoff and any bounce during the day should be only used to sell into this market. The undertone has become weak due to sharp political shifts. The sharp fall in oil prices should be positive Read more [...]