Nifty lost 65 basis points to 11,355 levels on Monday on currency pressures. The pressure on the Nifty came from a weak Turkish Lira which led to a 1.6% correction in the Indian rupee. The worst hit were the oil stocks followed by the banking stocks even Read more [...]

News Announcement Impact Analysis One of the most productive Monsoon sessions concluded on 10th August The Monsoon session saw important amendments to the IBC Bill as well as to the GST Bills The all important Fugitive Offenders Read more [...]

Nifty closed at an all time high level of 11,387 even as select banks like ICICI Bank, Axis Bank and SBI made smart gains during the day. Banks have recovered the losses of Thursday and more in the last couple of trading sessions. Despite the stellar Read more [...]

The Board of Britannia recently approved the issue of bonus debentures to its shareholders in the ratio of 1:1. Like a true-blue bonus, the issue of bonus debentures will be free for shareholders. Instead of issuing bonus shares and reducing the market Read more [...]

The last time that the Turkish Lira faced a crisis was in 2001 when many Turkish banks went bust. The Turkish Lira has plummeted more than 42% since the beginning of the 2018 with the currency losing nearly 16% on Friday itself. Where does Turkey go Read more [...]

Valuations are factoring deep into the future When Reliance AMC announced its IPO last year, the big question was why does an AMC need an IPO and a listing? After all, an AMC is in the business of managing money on behalf of retail and institutional Read more [...]

SBI was largely responsible for the Nifty weakness on Friday after it announced disappointing results for the first quarter. SBI reported the third consecutive quarterly loss; this time of Rs.4800 crore as the bank decided to front end the investment Read more [...]

The rally petered out on Friday after SBI disappointed the street with the third consecutive quarter of losses. This time the losses were due to front-ending of the provision for investment depreciation. The markets are likely to be worried in Read more [...]