The news flows have not been too positive in the last few days. The weak GDP data and the tepid core sector data pushed the markets lower. With a sharp single day fall, the worry would be more on the long covering front of open positions. With Read more [...]

The mega merger of PSU banks really failed to impress the markets as the NSE PSU Banking Index plunged nearly 5% in the aftermath of the mega merger. The decision by the government to shrink 10 banks into 4 banks did not go down too well with the stock Read more [...]

Last few days have been all about growth concerns. GDP growth for June quarter fell to 5%, core sector was slower at 2.1% and the PMI Manufacturing also turned up at a 15-month low of 51.2. That could be an overhang. Auto stocks could be under Read more [...]

The hints of an economic slowdown are now giving multiple confirmations. After weak GDP; Core Sector, PMI Manufacturing and auto numbers hint at slowdown. After the June quarter GDP came in at a 7-year low of 5%, the PMI manufacturing also touched a 15-month Read more [...]

Generous export subsidy for sugar may only solve half the problem The cabinet last week approved a huge sugar export subsidy of Rs.6286 crore for sugar mills to export sugar. Cost of producing sugar in India is substantially higher than in countries Read more [...]

Is NHAI debt the next big headache for banks and the centre? The worsening debt situation at the National Highways Authority of India (NHAI) was being spoken about in hushed tones for long. But it may not have become apparent if the PMO had not summoned Read more [...]

Bank mergers were long overdue but it also poses challenges With a sweep of her pen the Finance Minister reduced the number of PSU banks in India from 10 to just 4. Large banks like PNB, Canara Bank and Union Bank became the acquiring banks. The merger Read more [...]

News Announcement Impact Analysis Real GDP growth comes in sharply lower at 5% for June quarter This is the lowest quarterly GDP growth in the last 7 years and was led lower by agriculture and manufacturing The weak GDP growth in Read more [...]