GLOBAL WOES RUB OFF ON NIFTY AND SENSEX

  • Achiievers

Nifty cracked by 181 points and the Sensex sold off by 572 points as the weak global cues and a mountain of uncertainty came down heavily on the Indian markets. Selling was almost uniform across the board. The selling was quite heavy across financials
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The Cabinet approved the sale of the government’s 52.6% stake

  • Achiievers

The meeting of the OPEC at Vienna concluded with a broad agreement to cut supply by around 1 million barrels per day by the OPEC. Of course, Saudi Arabia has made it clear that the supply cuts would only be effective if all the members of OPEC agreed
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RBI STATUS QUO FAILS TO ENTHUSE MARKETS

  • Achiievers

The Nifty and the Sensex reacted to the sharp US correction the previous night. With the RBI maintaining rates and holding its tightening stance, the markets were disappointed and never really recovered from lower levels. The short-term worry for
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The Monetary Policy, along expected lines

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The Monetary Policy, along with expected lines, maintained the status quo on the repo rates at 6.50%. This was necessitated by the inflation falling to 3.31% and the GDP growth falling to 7.1% in the second quarter. The decision to maintain status quo
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Fifty monetary policy for the year will be announced

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The Monetary Policy Committee (MPC) meeting will conclude and the fifty monetary policy for the year will be announced in the afternoon. The market consensus is that the RBI will maintain status quo on repo rates and leave it at the current level of 6.50%.
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NIFTY CAUTIOUS AS OIL GETS DEARER

  • Achiievers

The price of crude against went up sharply on supply cut expectations. However, the rally may not be too sharp this time around. A lot would depend on the OPEC meeting on 06th December but supply cuts look very likely. The monetary policy announcement
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NIFTY CAUTIOUS AS OIL GETS DEARER

  • Achiievers

Crude oil got dearer as a G-20 truce combined with supply cut talks took the price of oil up. That also resulted in a sharp correction in the INR as it fell 1.26% in a single day and closed beyond the 70/$ mark. The positive PMI manufacturing of
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Brent crude was up 3% on Monday

  • Achiievers

Brent crude was up 3% on Monday as the combination of a US-China truce and likely supply cuts helped prices higher. Oil had fallen from $86/bbl to $58/bbl over the last 2 months after the Iran sanctions were substantially diluted. In the OPEC meeting
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