Nifty closes almost flat at around the 11,582 mark on Thursday. The gainers in the Nifty were the stocks from the IT and Pharma space which stand to benefit from a weaker rupee. FMCG stocks across the board were among the major gainers. Rupee ended 43 Read more [...]

On Thursday, there was a clear shift in the Nifty towards the defensives with the IT stocks, pharma stocks and the FMCG being the outperformers. The non-HUVR FMCG stocks are now playing catch up in the markets. Banks could come under pressure, Read more [...]

Returning after a day’s holiday, the Nifty is likely to hover above the 11,600 mark as indicated by the SGX Nifty in early trades. The first quarter results have been overall positive for the Indian markets. With the Fed keeping its hawkish tone Read more [...]

The finance ministry has started tightening the screws on bank frauds by sending a clear letter to all banks on the NPA front. This missive from the Finance Ministry has come after the former promoter of Bhushan Steel, Neeraj Singal, was arrested for Read more [...]

There was a sharp rally in the Nifty on Monday as Tata Group stocks and Hindalco led the rally. However, the real thrust came from L&T after it announced the buyback of shares to the tune of Rs.12,300 crore. With L&T announcing a buyback Read more [...]

It was a day of sharp gains in the Nifty, which gained over 70 basis points on Monday to close about the 11,550 mark. The rally was led by heavyweights like Tata Motors, Tata Steel and ONGC. But the real thrust came from L&T in the aftermath of the Read more [...]

But for SBI, corporate India would have fared much better… An interesting study by Bloomberg Quint highlighted that the EPS for the Nifty 50 companies at the end of the first quarter stood at Rs.114. Ironically, this EPS would have been at a more impressive Read more [...]

Can it really get much worse from these levels After testing the 69/$ level consistently over the last few weeks, the INR finally breached the 70/$ level during the week. Whether it will be a new normal, will have to be seen in the next few weeks, but Read more [...]