Early signs in the market indicate that it could be another Black Friday like the previous week when the Dow and the Sensex had cracked sharply. Dow has again been sharply down on Thursday and that will rub off. For Indian markets, another worry Read more [...]

Yes Bank has been placed under moratorium by the Reserve Bank of India. In fact, the entire top management of Yes Bank has been superseded and former SBI CFO, Prashant Kumar, will take over as the administrator of Yes Bank with immediate effect. SBI will Read more [...]

After a strong start, the markets panicked in the light of increasing cases of virus infections in India. The number of infected has already reached 30 and expected to go up further in the tourist destinations of Delhi, Agra and Jaipur. Pharma Read more [...]

Bond yields of the benchmark 10-year bonds in India fell sharply to its lowest point of the year at 6.23%. The bond yields have lost nearly 50 basis points in the last couple of months. This sharp fall in the bond yield was triggered by the Fed opting Read more [...]

The US Fed cut rates by 50 basis points in an emergency move. Despite the Dow jumping 500 points in response to the announcement, it later gave 1200 points from the peak to close 732 down. Markets worried about the slowdown hint. Focus will now Read more [...]

In a move that took global markets by surprise, the US Federal Reserve cut the Fed rates by 50 basis points in one stroke. This reduces the effective Fed Funds rate range from 1.50%-1.75% to 1.00%-1.25%. This move, according to the Federal Reserve, was Read more [...]

After a week of consistent fall, the Sensex and Nifty disappointed on Monday. It was not about the levels but about the way it could not hold on to higher levels. Sensex lost close to 900 points from the peak on an intraday basis. Auto numbers Read more [...]

SBI Cards IPO was subscribed 0.39 times at the end of Day 1. However, what was more gratifying was the retail portion had been subscribed 0.62 times till the end of the first day. This is a good sign since most of the HNI and institutional applications Read more [...]