What exactly could have driven the buyback by L&T? During the previous week, L&T announced its first ever buyback in history. The issue was also the third largest buyback in India, with the two largest tranches having been already completed by Read more [...]

The central bank has a real problem on hand… For the first time during this year, the forex reserves of RBI fell below the $400 billion mark. This is a sharp fall from the levels of $427 billion at the beginning of this fiscal. So how did the dollars Read more [...]

Why Donald Trump will finally have his way on rates? It is by now a well known fact that Donald Trump has been a staunch critic of the rate hikes announced by the Fed. In the latest Fed testimony, Chairman Powell hinted at further rate hikes if the growth Read more [...]

News Announcement Impact Analysis Fed chief hints at a clear likelihood of a rate hike in September The Fed testimony by Powell was quite clear that raising rates would be a necessary antidote to rising growth Emerging markets like Read more [...]

Nifty closes almost flat at around the 11,582 mark on Thursday. The gainers in the Nifty were the stocks from the IT and Pharma space which stand to benefit from a weaker rupee. FMCG stocks across the board were among the major gainers. Rupee ended 43 Read more [...]

On Thursday, there was a clear shift in the Nifty towards the defensives with the IT stocks, pharma stocks and the FMCG being the outperformers. The non-HUVR FMCG stocks are now playing catch up in the markets. Banks could come under pressure, Read more [...]

Returning after a day’s holiday, the Nifty is likely to hover above the 11,600 mark as indicated by the SGX Nifty in early trades. The first quarter results have been overall positive for the Indian markets. With the Fed keeping its hawkish tone Read more [...]

The finance ministry has started tightening the screws on bank frauds by sending a clear letter to all banks on the NPA front. This missive from the Finance Ministry has come after the former promoter of Bhushan Steel, Neeraj Singal, was arrested for Read more [...]