Has India once again been caught napping? When IL&FS defaulted on its ICD with SIDBI for the second time on Friday, the alarm bells surely started ringing. In fact the warnings were already out when IL&FS first defaulted on its ICD to SIDBI a Read more [...]

But will it change RBI’s interest rate strategy? Retail inflation as measured by the CPI inflation tapered to 3.69% for the month of August. That is a 10-month low and that is the good news. But will it really change the outlook of the RBI with respect Read more [...]

Measures announced are too generic and far-fetched The rupee rallied sharply over the week-end after a touching a low of 72.91/$ to close at around 71.85/$. Even the 10-year bond yield tapered on expectation that the weekend package to revive the rupee Read more [...]

On Wednesday, the Nifty managed a bounce ahead of trading holiday on short covering. The Hang Seng and the SET were up by over 2% while Jakarta and the Shanghai Composite were up by over 1% on Thursday. SGX Nifty has shown positive trend on hopes of a Read more [...]

Tuesday almost looked like a repeat performance of the Nifty as it again fell by another 151 points on to 11,288 on global concerns. In fact, the Sensex has already lost 1000 points in just two sessions of trade. The worsening trade war situation and Read more [...]

The Nifty corrected over 150 points on Monday as the weak rupee at around 72.5/$ dragged the markets lower. Bond yields sharply higher at 8.16% also spooked the markets with the likelihood of a rate cut. Watch out for the RBI action points today. Read more [...]

It was a day of sharp correction in the Nifty as it cracked sharply by 151 points to 11,438 on rupee worries. Sensex was down by over 400 points. The Nifty fell sharply on Monday on the back of currency worries after the rupee crossed 72.5/$ in intraday Read more [...]

The Nifty finally showed some strength on Thursday and Friday after correcting for 6 days in succession. A lot will now depend on how the rupee and the bond yields behave and some stability at these levels should help. The positive for the markets Read more [...]