The RBI annual report has pegged the year-end Gross NPAs of the banking sector at 9.1% for FY19. This is 210 basis points lower than the 11.2% recorded in FY18. This was largely driven by reduction in fresh slippages and better recoveries; thanks to NCLT. Read more [...]

Markets saw some unwinding of positions on Wednesday after the short covering in rate sensitives started tapering. The trade war position only appears to be getting worse and UK appears to be moving towards a no-deal BREXIT. Brokers are estimated Read more [...]

In a bid to boost economic growth, the government eased foreign investment norms in a plethora of sectors. The government allowed 26% FDI in digital media and 100% foreign ownership in coal mining and fuel sales. It also allowed 100% FDI in contract manufacturing Read more [...]

Even as the markets celebrated the massive transfer of funds from the RBI to the government, the market did pare its gains on global concerns. The trade war is just get worse and Iran has refused to sit on the negotiating table with the US. The Read more [...]

In what could be a big positive move for the markets if accepted, the Direct Tax Code (DTC) Panel suggested peak income tax rate to be pegged at 20%. The long awaited DTC Panel report has recommended 3 rates of tax at 5%, 10% and 20%, effectively making Read more [...]

The sharp rally in the Sensex and Nifty on Monday was more than the wildest expectations of most traders. After a tepid start, the short covering in banks and financials took the markets sharply higher on Monday. Global cues need to be watched Read more [...]

The Bimal Jalan panel report is finally out and the RBI has approved Rs.176,000 crore capital transfer bonanza for the Indian government. In a decision that has been under some degree of dispute in the last few months, the RBI approved the transfer of Read more [...]

The FPI tax boost and the auto / NBFC sector boost are likely to impact the market sentiments on Monday. However, with F&O out of the ambit of exemption, the benefit for FPIs could be limited. However, auto sector may benefit overall. Apart Read more [...]