Two of the largest private sector banks in India are undergoing a major reputational risk over the quality of credit decisions and the potential conflicts of interest. In case of ICICI Bank, the Board has expressed faith in the CEO, although reports suggest Read more [...]

The stock of ICICI Bank has been quite volatile over the last 1 month since the conflict of interest issue first came out in the open. While the last word may not have been said, the real challenge for the group will be to manage the actual repercussions Read more [...]

Between July 2017 and March 2018, the yield on 10-year benchmark bonds in India went up 138 bps from 6.40% to 7.78%. In the last 10 days, the bond yields have fallen 60 basis points from 7.78% to 7.18%. The first trigger for the fall was when the government Read more [...]

The week is a data heavy week with the quarterly and annual results for the fiscal starting off. Additionally, there will be key macro data on the front of CPI inflation for March and IIP for Feb coming out this week. Watch for data action. The Read more [...]

Morgan Stanley expects the RBI to go for a rate hike in the fourth quarter of 2018. Morgan Stanley feels that inflation may be more under control by the fourth quarter and the IIP growth as well as the GDP growth will also be on a surer footing. However, Read more [...]

Core sector consisting of 8 core sectors of the economy grew at 5.3% for the month of February 2018. This growth was largely driven by a robust performance by refinery products, fertilizers and cement. This is a sharp improvement from a 0.6% growth in Read more [...]

With the sentiments souring around ICICI Bank, the market remained cautious despite the aggressive buying seen in auto and IT stocks. The 10,200 level may still be a major challenge for the Nifty to hold above. The big overhang on Tuesday will Read more [...]

In the background of the Nifty touching 11,150 prior to the Union Budget, the fiscal year closing for the Nifty will go down as disappointing. The big data point this week will be the RBI meet on 05th April for the monetary policy. With the pressure Read more [...]