News Announcement Impact Analysis Oil supply faced a challenge as 70% of Gulf of Mexico oil facilities shut This shutdown was necessitated by the Tropical Storm Barry that hit the Gulf of Mexico, the oil centre of the US This storm Read more [...]

There was good news on the trade deficit front but exports appear to be in a spot of bother. Trade deficit for June narrowed but exports fell sharply on a year-on-year basis. The trade deficit for June 2019 came in at $15.28 billion compared to $15.8 Read more [...]

Two stocks actually held the markets up on Monday; Infosys and Sun Pharma. While Infosys benefited from positive guidance, Sun Pharma benefited from a spate of broker upgrades from Morgan Stanley. The trade numbers have hinted at weak exports and Read more [...]

While there is a general feeling of gloom at India exiting the ICC World Cup in the Semi-Finals, there is an undoubted sense of irony in the situation. It was supposed to be an Australia versus India final but neither of the teams has really qualified Read more [...]

Analysts are expecting that PSU banks and NBFCs results could take a hit due to major write-offs in the June quarter. Allahabad Bank became the second bank to report a major fraud by Bhushan Power and Steel worth Rs.1700 crore after PNB had recently reported Read more [...]

The global markets reacted positively to the Fed Chair, Jerome Powell’s dovish statements. Nifty also saw an all round bounce led by financials and auto. IT stocks continue to be under pressure. All eyes on Friday will be on the Infosys results. Read more [...]

Auto sector may have another tough quarter according to Japanese brokerage firm, Nomura. According to Nomura, the June quarter could be another weak growth period for automobile companies as negative operating leverage and liquidity constraints are likely Read more [...]

In his testimony, Jerome Powell of the US Fed almost confirmed that there would be a 25 bps rate cut in the July 31st Fed policy announcement. That is likely to be a big positive for the global markets on Thursday. Even as the markets are up against Read more [...]