CRISIL has substantially downgraded the GDP for the fiscal year 2020-21 from 5.7% to 5.2% in the back of the slowdown induced by the Coronavirus pandemic. CRISIL feels that the virus could impact Indian GDP growth in two ways. Firstly, companies are likely Read more [...]

With the sharp fall on Wednesday, the Nifty has lost 31.4% from the closing peak of January 14. The only bear crash that was more rapid than this fall was the crash in May 2006 when the markets lost 31% in just 34 days. With the Supreme Court order Read more [...]

For the first time, the United Nations has put out the actual loss estimates likely from the Coronavirus pandemic. The worst case estimate by UN is that the virus could lead to a total loss of 25 million jobs across the world with low-end jobs likely Read more [...]

After a smart opening on Tuesday, the markets literally crumbled with the Sensex losing over 2500 points from the peak. The domestic pressures and the absence of any stimulus from the government are beginning to tell. Banks are likely to remain Read more [...]

After a tumultuous Monday, Dow had a fairly positive Tuesday as the index ended over 1000 points higher. The positivity in the index was largely driven by the proposed stimulus by Donald Trump. He has now asked the Federal Reserve to add another $900 Read more [...]

Saudi Arabia has triggered an oil war; but where will it end? The Vienna meeting between the OPEC and Russia failed to reach a consensus leading to Saudi Arabia adopting an Oil Flooding policy. What triggered this oil war and what could be the eventual Read more [...]

It’s time for the RBI to intervene and cut rates at the earliest In the immediate aftermath of the Fed rate cut in March-20, there were strong expectations that the RBI would follow suit. However, the RBI has chosen to go slow and avoided jumping into Read more [...]

In the midst of the Sensex crash, don’t miss the silver lining The week was manic for the stock markets in more ways than one. Nifty and Sensex corrected almost 28% from peak levels before bouncing back from lower circuit. In the melee, one must not Read more [...]