Short covering in financials and metal stocks led to the Nifty closing in positive territory. However, global markets have been under some pressure and that could rub off on the markets on Friday. Traders are showing a preference to keep their Read more [...]

It may not be the end of the trade war but it sure looks like the beginning of the end of the trade war. China and the US have drawn out a plan to bring an end to the trade war. As another round of trade talks between the US and China came to an end, Read more [...]

The Nifty and the Sensex did show a sharp bounce on Wednesday supported by a bout of short covering a day ahead of the F&O expiry. Consumer stocks remained under pressure during the day. Metal stocks are seeing some buying interest in the market Read more [...]

The government will not aggressively recapitalize PCA banks. The government announced Rs.48,329 crore recapitalization plan for 12 PSU banks; most of which will be pumped into PSU banks under prompt corrective action (PCA). The government will infuse Read more [...]

Despite the forex and the money markets being closed on Tuesday, the equity lost most of their gains towards the end of trading. In fact, the Sensex lost nearly 500 points from the peak of the day on flat A/D ratio of 25:24. Tuesday should come Read more [...]

The sustained fall in the market indices continued on Tuesday too. Sensex lost over 500 points from its peak on Tuesday and the correction was really disappointing as it came after a very strong start. Tuesday marked the ninth successive day of corrective Read more [...]

The sharp correction in the Nifty on Tuesday marked the 8th successive corrective session making it the longest spell in over 5 years. The markets were spooked by higher crude prices and domestic liquidity and profit concerns. The weak profit growth Read more [...]

It looks like the government may finally have its way on the subject of dividends from RBI. The RBI has paid Rs.28,000 crore interim dividend to the government ahead of elections. The government had been looking at sources of funds to finance its Rs.20,000 Read more [...]