The RBI Monetary Policy surprised the street by maintaining status quo on repo rates at 5.15%. The markets had almost factored in a rate cut of 25 bps. However, the RBI held on to its accommodative monetary stance, keeping the doors open for future rate Read more [...]

RBI Monetary policy will be announced on Thursday with the general consensus being that the RBI will cut rates by 25 basis points. The repo rates are currently at a level of 5.15% and it is expected that the RBI will cut the rates to the 4.90% level. Read more [...]

Markets were a little uncertain ahead of the monetary policy and in the light of the weak GDP numbers. However, the alacrity shown by SEBI an NSDL in addressing the Karvy issue was taken in positively by the markets on Monday. The OPEC meet will Read more [...]

NSE and BSE suspended the trading membership of Karvy Stock Broking effective from 02 December. This would mean that customers of Karvy cannot place any buy or sell orders in cash / F&O / CD / IRFs. Existing open positions in F&O and CD will be Read more [...]

The GDP numbers coming in at 4.5% on Friday with 4.3% growth in GVA will surely be disappointing, although largely along expected lines. The markets are likely to react neutrally to the GDP numbers, which were already factored in. The one factor Read more [...]

After a long break, the GST mop-up crossed Rs.1 trillion (Rs.1 lakh crore) for the month of November 2019. The monthly GST inflows need to be closer to Rs.1.15 trillion each month to reach the full year target for GST.  The sharp rise in GST inflows Read more [...]

Q2 GDP growth at 4.5% is the lowest level in the last 6 years The only good thing about the GDP growth of 4.5% for the September quarter was that the expectations were much lower. Most economists had pegged the second quarter GDP closer to 4.2% with Read more [...]

RIL crossing Rs.10 trillion market cap is significant in many ways During the week, Reliance Industries became the first even Indian company to scale market cap of Rs.1,00,000 crore and that was always on the cards. In fact, TCS is close behind and HDFC Read more [...]