The Nifty reacted to the weak rupee by correcting over 100 points in the last 1 hour as the weak rupee and the bond yields at 8% spooked the market. The rupee has now settled around the 71.20 mark and shows no respite. The one sector that looks Read more [...]

It was a weak day with only the tech stocks holding up the markets. Nifty closed 54 basis points lower at 11,520 on a day supported only by tech stocks like TCS, Wipro and HCL Tech. Most of the front liners in the banking sector and the FMCG sector saw Read more [...]

While the global cues in the form of a stronger dollar and weak EM currencies continue, the rupee could breach the 71/$ mark decisively on Monday, unless the RBI really intervenes in a big way. That looks unlikely at this point of time. The big Read more [...]

The Nifty continued to be concentrated in a handful stocks driving the index up. A total of 7 out of 10 most valuable companies add Rs.76,227 crore wealth during the week. While Reliance Industries and Maruti lost value during the week, the value spurt Read more [...]

It was a day when the INR cracked sharply and the Nifty managed to hold on with minor losses of 13 basis points at 11,676. The tentativeness in the stock markets continued on Thursday even as the INR continued its correction. The correction could have Read more [...]

The Nifty showed strength even as the INR showed signs of stabilizing at around the 70/$ mark. Metal stocks led the rally on Tuesday even as Reliance and Maruti added a lot of heft to the market. With the Brent crude prices getting close to $77/bbl, Read more [...]

The Nifty did manage a late recovery on Thursday although it was still in negative territory as the rupee weakening to around 70.85/$ spooked the equity markets. Being the last day of the week, markets are likely to be under pressure. The big story Read more [...]

The Nifty corrected close to half a percentage point on Wednesday after the rupee showed signs of weakness. Stocks like Reliance Industries, that had led the rally, saw a sharp correction. Expect pressure on markets at higher levels. Even as Brent Read more [...]