News Announcement Impact Analysis HDFC Bank also joined the $100 billion market cap club HDFC Bank became the third Indian company to cross the mark of $100 billion in terms of market capitalization Earlier, Reliance Industries and Read more [...]

On a day when the Nifty closed almost flat, the A/D ratio improved sharply in favor of the advances. This can be largely attributed to short covering in a lot of counters on weekly options exercise on Thursday. With a long weekend coming up and Read more [...]

The strength in the Indian rupee continued for the second week in succession as the Indian Rupee ended at a 7-month high of 69.354/$. The rupee gained another 27 bps on Thursday setting up one of the sharpest rallies in recent months. Relentless inflows Read more [...]

The Nifty closed at a 6-month high as did the Sensex with the Sensex gaining over 1100 points in the last 3 trading sessions. The story of Wednesday was all about banks and financials making a run for new highs. There is still a lot of short covering Read more [...]

Real estate investment trusts will make a debut in India, a full five years after they were permitted by SEBI. India’s first REIT will open for subscription on 18th March to raise Rs.4750 crore. The REIT will be jointly sponsored and handled by the Read more [...]

The Nifty closed above the 11,300 marks even as Sensex gained 870 points in two days. But Theresa May losing the BREXIT vote by a huge margin will weigh on the markets as the uncertainty over BREXIT continues. Bharti has been rallying sharply on Read more [...]

After nearly 6 months of falling inflation, retail inflation has finally picked up the pace. CPI inflation moved higher to 2.57% for Feb-19 as the base effect started to wane. On a MOM basis, this represents a sharp rise in inflation from a 19-month low Read more [...]

The Essar Steel case appears to be getting complicated by the day with Prashant Ruia approaching the NCLAT over bankruptcy court’s Essar Steel order. A couple of days after the Ahmadabad bench of the NCLT ruled in favor of the Rs.42,000 crore bid made Read more [...]