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 Read more [...]

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 Read more [...]

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%. Read more [...]

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 Read more [...]

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 Read more [...]

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 Read more [...]

Nifty on Friday closed just shy of the 10,900 mark as big expectations were built up ahead of the G-20 Summit. The 90-day truce between the US and China on trade tariffs will be a sentimental boost for the EMs including India. The RBI is expected Read more [...]

The week is likely to be highlighted by the Monetary Policy to be announced on 05th December. The market consensus is that the Monetary Policy Committee may choose to keep rates unchanged. The Fed chief, Jerome Powell, has already hinted at a more dovish Read more [...]