Despite the sharp rise in the Nifty we continue to be cautious considering the VIX remaining at elevated levels of 28.3. That is indicative of short covering consider that Thursday was the weekly F&O expiry day. The Middle East crisis has taken Read more [...]

An escalation of Middle East tensions resulted in Brent Crude crossing $73/bbl in the second half of Thursday. With Saudi Arabia openly accusing Iran of attacking its vessels and the Aramco oil facilities, the situation in the Middle East appears to be Read more [...]

The bounce in the market was more of an afterthought after the 9-day correction, which itself is an 8-year record. Since the VIX remains around 27 levels, one needs to be suspicious of the bounce in the Nifty and Sensex. The CPI and the IIP numbers Read more [...]

The pressure of weak exports and the trade war started showing once again as India’s trade deficit widened to $15.4 billion for the month of April 2019. The main reason for the sharp rise in the trade deficit was the marginal 0.64% growth in the exports. Read more [...]

Yesterday our report was titled “Don’t be misled by the Nifty bounce”. We have reasons to believe that Thursday may also give a mixed trend due to weekly F&O expiry, but trading next will be largely influenced by the exit polls. The delay Read more [...]

The first warning to prepare for a weak monsoon has come from SKYMET. According to privately owned weather forecaster, SKYMET, there was 70% probability of sub-par rainfall this year which includes a 15% probability of outright drought conditions. According Read more [...]

With China also going ahead and retaliating to the US punitive tariffs, the markets felt the pain. Essentially, the two largest economies are holding the world markets to ransom and that is plunging the markets. The IIP was weak on Friday and the Read more [...]

Food inflation appears to be back in play as retail Inflation (CPI) inched up to 2.92% for the month of April. The retail inflation was slightly higher than 2.86% reported in March, although it is much lower than the figure estimated by many economists. Read more [...]