The trade war led the Nifty to correct closer to the 10,700 mark and the markets may continue to be under pressure as the trade war between the US and China appears to be getting more acute by the day. The action is likely to shift to the OPEC Read more [...]

In an interesting political move, the ruling BJP withdrew its support to the Mehbooba Mufti led PDP party in the Jammu & Kashmir assembly. The virtual failure of the Ramzan ceasefire and the killing of noted journalist Shujaat Bhukhari may have exacerbated Read more [...]

The ICICI Bank Board named Sandeep Bakshi as the interim CEO of the bank. Ms. Chanda Kochhar will continue to be on leave till the probe is completed. With the demands for Chanda’s resignation heating, the board appointed an independent inquiry commission Read more [...]

The week is likely to be driven by the trade sanctions with the US imposing trade sanctions on China and China promising to retaliate. Any trade war like situation will be bad for the markets. With oil prices likely to go up again on the back of Read more [...]

The OPEC meet in Vienna later this week is likely to be critical for the future of oil and for the future of global financial markets. Ironically, what are driving oil prices higher are not the supply cuts from OPEC and Russia but the sanctions on Iran. Read more [...]

India has had a history of falling back upon its NRIs to bail them out in the event of a likely currency crisis. The first time India actually did that was in the aftermath of the Pokhran sanctions in 1998 when it raised $5 billion through Resurgent India Read more [...]

With the Sensex Index Committee planning to drop Dr. Reddy from the index and replacing it with Vedanta, it will reduce the share of pharma further in the index. Lupin and Cipla are already out of the Sensex, leaving Sun Pharma as the only pharma stock Read more [...]

When the Fed concluded its meeting on the 13th of June, there was little by way of surprise. The Fed futures on the CME were already indicating a 97% chance of a rate hike. So, there was little surprise when the Fed hiked the rates by 25 basis points Read more [...]