Jet Airways has constrained the supply of air routes and that is showing in aviation numbers. In fact, India’s domestic air passenger growth slowed to just 3.1% in March 2019 according to the latest data published by IATA. This is all the starker at Read more [...]

The sharp cuts in the Dow and NASDAQ would continue to put pressure on the Indian markets on Wednesday. The SGX Nifty is under pressure on trade war concerns and the impact of the slowdown on world trade. Most sectors came under pressure and we Read more [...]

The correction on Dalal Street continued for the second day in succession as the Sensex lost over 700 points in just two days with global cues rubbing off on markets. In fact, the indices were sharply lower with the Sensex losing over 500 points from Read more [...]

The Trump language has changed the mood of the market but the sharp bounce in crude indicates that the market has not taken the Trump threats too seriously. Markets are betting that even the US cannot afford a trade war. Most stocks came under Read more [...]

After manufacturing the pressure is showing in the service sector too. India’s PMI Services hits a 7-month low on the back of weak manufacturing PMI. The PMI Services for the month of April fell to 51 from 52 in the previous month. At above-50, the Read more [...]

Despite the strength in the banking stocks on Friday, the pressure on FMCG and IT stocks was a tad too strong for the markets to endure. In fact, had it not been for banking, the cuts could have been a lot deeper on Friday. FMCG and IT will continue Read more [...]

The IL&FS case appears to get murkier with the Corporate Affairs Secretary pointing at the role played by the IL&FS auditors in the recent fiasco. The CAS has confirmed that the IL&FS group auditors may have a lot of sticky questions to answer. Read more [...]

SEBI is absolutely correct on the need to regulate Debt Funds The SEBI chairman recently underlined the need to regulate debt funds and FMPs in a more stringent way. While the contours of such regulation were not spoken about, the statement was clearly Read more [...]