The Nifty closed within striking distance of the 11,700 mark on Monday as a mix of short covering across counters took the markets up sharply. Metals and power were the gainers as a tempered Fed statement helped sentiments. With the Turkish Lira Read more [...]

It was a day of all-time high for the Nifty as it closed 1.17% higher at a record level of 11,691 on Monday The rally was almost across the board with stocks ranging from Hindalco to Bharti to Power Grid and private banks keep the Nifty aloft. There was Read more [...]

The week is likely to see a higher degree of volatility domestic and FII positions reacting to the hawkish noises coming out of the Central Bankers’ meet at Jackson Hole. Markets could react negatively to Fed cues. Indian banking stocks could Read more [...]

The banks have had a long weekend and may have a big task when they come back on Monday. Banks face an Rs.3.80 trillion deadline on 27th August for NPAS, mostly from the power sector. This is the total amount of NPAs involved in the 70 stressed accounts Read more [...]

What exactly could have driven the buyback by L&T? During the previous week, L&T announced its first ever buyback in history. The issue was also the third largest buyback in India, with the two largest tranches having been already completed by Read more [...]

The central bank has a real problem on hand… For the first time during this year, the forex reserves of RBI fell below the $400 billion mark. This is a sharp fall from the levels of $427 billion at the beginning of this fiscal. So how did the dollars Read more [...]

Why Donald Trump will finally have his way on rates? It is by now a well known fact that Donald Trump has been a staunch critic of the rate hikes announced by the Fed. In the latest Fed testimony, Chairman Powell hinted at further rate hikes if the growth Read more [...]

News Announcement Impact Analysis Fed chief hints at a clear likelihood of a rate hike in September The Fed testimony by Powell was quite clear that raising rates would be a necessary antidote to rising growth Emerging markets like Read more [...]