Budget 2019 is a big boost to the middle income groups The Union Budget ahead of an election was always going to be a lot more about politics than about economics. Not surprisingly, the budget has been liberal in doling out tax exemptions for the middle Read more [...]

The Modi government may have finally won a big psychological victory. The UK Home Secretary approved the extradition of Vijay Mallya to India, although that is only the first step. Legally, Mallya has recourse to the UK High Court and then to the UK Supreme Read more [...]

After the sharp fall in early trades, the Nifty recovery in the last hour was largely aided by ONGC and Reliance Industries. However, the A/D ratio of the Nifty was still skewed heavily in favour of the declines. We suggest that traders and investors Read more [...]

The Budget has been a clear boost for the consumer and realty sector and these sectors could see some real buying. We like select auto and FMCG stocks and low debt realty companies at current levels. The Chinese decision to import 2 million tonnes Read more [...]

Shortly after the US China trade talks ended, China has placed an order to buy 2 million tonnes of soybeans from the US. The sharply higher purchase of soybeans from the US has come immediately after the trade talks between the US and China concluded. Read more [...]

The Nifty gained by 179 points and the Sensex gained over 665 points on a day when the Fed kept the rates at 2.25% to 2.50% and also focused on the word patience with respect to future rate hikes, giving a dovish picture. The big news on Friday Read more [...]

With the BREXIT now likely to be triggered without a BREXIT deal in place, it may be time for the British companies to trigger Plan-B. If the UK is forced to leave the EU without a full-fledged BREXIT deal, then it could have 2 broad implications. While Read more [...]

The Nifty closely flat after the specific stocks like ICICI Bank and Axis Bank held the Nifty up. The advance/decline ratio was negative at 22:28 as most mid-cap stocks and debt vulnerable stocks continued to take a hit. Fed held on to rates. Traders Read more [...]