Sensex scaled the 39,000 mark as it completed 40 years in the Indian market. The buying was led by beaten down stocks like Tata Motors and Bharti as portfolio allocations were shifted around and rotated in the New Year. We were mentioning about the crack Read more [...]

Even as Indian manufacturing stayed expansionary, there was clear loss of momentum as capital investments are drying up. Manufacturing PMI slowed down to a 6-month low of 52.6 for March 2019 Ironically, the Indian manufacturing PMI weakened even as Read more [...]

Nifty on Monday scaled past the 39,000 mark backed by short covering and selective allocation. However, the Nifty failed to sustain at higher levels and had to give up gains. We see pressure building on the Zee group stocks on Tuesday after the promoters Read more [...]

Finally, the core sector showed some green shoots by turning in stronger growth in February at 2.1% versus 1.5% in January. The core sector is an assortment of 8 core infrastructure segments. Within the 8 core sectors; crude oil contracted by 6.16% while Read more [...]

The Nifty closed the week and the year at 11,623 as a mix of fresh buying by FIIs and short covering in select counters led the Nifty higher.  The index heavy financials have continued to support the markets. We see pressure coming into the markets Read more [...]

Rate cut hopes are back in the Indian bond markets. Economists and bond traders are already factoring in a 25 basis points repo rate cut in the April monetary policy which the MPC is expected to announce in its April 04th policy decision. The survey Read more [...]

Dollar Swaps could actually hit three birds with one stone In the last week of March, the RBI introduced the new concept of dollar swap auctions in the Indian money markets. The first issue of dollar swaps attracted buying interest of $16.3 billion Read more [...]

It looks like external benchmarking for loans is off the table for now Back in the December monetary policy announced by the RBI there was special mention of the banks shifting to an external benchmark for pricing loans. This was part of the policy Read more [...]