As Saudi Aramco restored supplies back to normal, Brent crude cracked 250 bps to $61.52/bbl on Wednesday. The oil price fell sharply after Saudi Aramco restored full production 5 days before its committed deadline of 30th September. Saudi Arabia was producing Read more [...]

The markets almost closed flat on Tuesday after the key drivers of the rally like banks and autos came under pressure. After the 3000 point rally in the Sensex in just 2 days, there was some profit booking coming in at higher levels. For now the Read more [...]

The power sector could be staring at a crisis of sorts as coal shortage could put Rs.500,000 crore power investments at risk. Power Secretary, S C Garg, reiterated that the shortage of coal could pose a major risk for the Rs.5 trillion worth of investments Read more [...]

After the 2000 points rally in the Sensex on Friday, the Sensex rallied another 1000 points on Monday creating wealth to the tune of nearly $150 billion in two days flat. The Bank Nifty is also up by nearly 3800 points in the last 2 days. Traders Read more [...]

The vagaries of the monsoon appeared to have taken it is toll on the food grain output this year. Government estimates slightly lower Kharif production for 2019-20. According to a statement by the government, India could end up with food grain output Read more [...]

The big bull rally on Friday is likely to continue into Monday as the short covering could take the markets still higher. We expect the short covering in auto and banking stocks to continue with the positive sentiments in FMCG stocks. Oil prices Read more [...]

In the aftermath of the debt funds fiasco last year, SEBI announced stringent liquidity norms for liquid mutual funds. In a bid to make liquid funds safer, SEBI has now mandated that liquid funds must hold at least 20% of their assets in liquid form and Read more [...]

Fiscal impact of tax cuts may be big; but it will be worth the risk As the optimism around the tax cuts gives way to more reasonable analysis, it is time to evaluate the impact of the tax announcements on the fiscal deficit. Any tax cut is revenue foregone Read more [...]