The Nifty corrected from higher levels and closed at around 10,520 levels after nearly 9 consecutive sessions of positive returns. There was more of unwinding of long positions at higher level. We had recommended Zee at Rs.570 levels and one can Read more [...]

Former SEBI chairman, M Damodaran, has come down heavily on the role and the independence of Boards in the aftermath of the ICICI “conflict of interest” episode. The board chairman, Mr. M K Sharma, had come out and given a clean chit to Chanda Kochhar Read more [...]

In an almost unprecedented move, the Nifty closed in positive territory for the 9th successive trading session. The Nifty has closed above the 10,550 mark although the odds appear to be stacked now in favour of a market correction The positive Read more [...]

On a day when most of the ATMs across the country went literally dry, the RBI came out to assure the public that there was no shortage of currency with the RBI. The finance ministry also clarified that more notes were being printed and the RBI had sufficient Read more [...]

It truly was an intriguing day of trade with the Sensex bouncing over 400 points from the lows of the day. With the war fears receding and oil prices falling, the Nifty and Sensex staged a smart bounce to close above 10,500 The markets continue Read more [...]

The Indian Meteorological Department (IMD) released its preliminary monsoon estimates for the year 2018 at 97% of the long term average (LTA). Normally, rainfall in the range of 96% to 104% of LTA is considered to be normal rainfall. April is the first Read more [...]

Over the last 6 months, there has been a sharp fall in the stock prices of downstream oil companies like HPCL, BPCL and IOC. In fact, BPCL has corrected 17% while IOCL has corrected 19% with the worst performer being HPCL, which has corrected 27%. For Read more [...]

After touching a high of 5.21% in December 2017, CPI inflation has been on a downtrend for the last 3 months in succession. For the month of March-18, CPI inflation came in lower at 4.28%. This is well within the RBI target of 4-5% inflation for the Read more [...]