The stock markets refused to react to the unexpectedly proactive rate cut by the RBI and ended flat. RBI in its monetary policy announcement cut repo rates by 25 basis points to 6.25% and also changed the stance of the monetary policy from “calibrated Read more [...]

A sharp rally ahead of the RBI monetary policy led to the Nifty decisively settling above the 11,000 mark. There was selective buying and short covering in the rate sensitive sectors like banking and autos, which fuelled this rally. While the markets Read more [...]

As the RBI prepares to announce the outcome of the MPC meeting on Thursday, the SBI Chairman, Rajnish Kumar, has expressed doubts on dovish signals from the RBI. In fact, Mr. Kumar expressed hope that the RBI may shift to a neutral stance but expressed Read more [...]

According to estimates put out by India Ratings, Indian banks may have to provide another $5.6 bn for NPAs not yet provided for. This additional provision of $5.6 billion is estimated by India Ratings to be made by Indian banks for the period October Read more [...]

The market did close in positive on the back of short covering ahead of the monetary policy later this week. The short covering was visible in the banking and auto space, which are also likely to benefit from the budget focus. A lot could predicate Read more [...]

News Announcement Impact Analysis Budget 2019 – Piyush Goyal does away with interim budget concept Unlike in previous years, the budget did not stick to just seeking a vote on account for expenses Instead, the government went ahead Read more [...]

The Budget 2019 has surely played the rural card astutely With farm distress at a high, the focus of the budget was obviously going to be on the farmers. The government had committed to double farm incomes by 2022 and it was time for serious steps. Here Read more [...]

Budget may have given the much needed boost to realty sector Over the last few years, the one sector that has really struggled has been the realty sector. It all began with the excess inventory in most of the major cities running into several years of Read more [...]