RBI was bang on target; it was the analysts who got it wrong There was a sense of shock and surprise in the markets when the RBI chose to hold status quo on rates in its October policy. But that is exactly what we had written last week that the justification Read more [...]

News Announcement Impact Analysis RBI maintains status quo on repo rates at 6.50% in the monetary policy This was contrary to the street expectations which was anticipating a 25 bps hike in rates to defend the rupee The MPC had decided Read more [...]

The bear attack continued on Thursday and is likely to leave markets bruised this week. Nifty cracked 259 points and Sensex lost over 806 points on Thursday. The correction in the markets was triggered by the sharp rise in the price of crude oil beyond Read more [...]

Nifty and Sensex cracked sharply on Wednesday after the Brent Crude crossed $86/bbl and the rupee weakened beyond the 73/$ mark. Bond yields were also up at 8.11% on anticipation of a RBI rate hike. All eyes will be on the Monetary Policy Committee Read more [...]

After a tepid start, the Nifty cracked by 150 points and the Sensex lost over 550 points on Wednesday.The sharp fall in the markets was led by auto, private banking and IT stocks. While auto stocks were spooked by the weak monthly numbers, IT stocks took Read more [...]

Nifty closed Monday just above the 11,000 mark. As markets return after a holiday, the Italian bond crisis will weigh on the Indian markets for now. Most EMs have taken a hit on Italian bond worries and the future of the Euro. We stay very cautious Read more [...]

With senior Italy officials openly hinting at secession from the common currency, European shares come under attack after a shock from Italian bonds. On a day when the Indian financial markets were shut, the European stocks came under attack after a surprisingly Read more [...]

The Nifty and the Sensex may face 11,000 as the immediate resistance as the monetary policy later this week could be a major overhang. Status quo on rates could be the good news for the markets. Our caution over NBFCs, HFCs and realty stocks continue Read more [...]