The government needs to urgently find ways to plug the GST gap For the month of November, the GST collections came in sharply lower at around Rs.92,000 crore. Barring April and October, GST collections never managed to touch the magic figure of Rs.1 Read more [...]

In the last one month we saw a sharp appreciation in the price of gold and the Yen. A 4% appreciation in these safe haven assets in a month is not regular. But more importantly, it is the mix of Yen and gold that is portentous. Gold crosses $1300/oz Read more [...]

In the last week, Jet defaulted on loans to banks in the midst of a major liquidity crisis. Out of its total debt burden of Rs.8500 crore, nearly 30% comes up for repayment in the next 1 year. That is where liquidity becomes so important. In a highly Read more [...]

News Announcement Impact Analysis Nifty and Sensex bounces on Friday after falling over 2.5% in the week Markets weakened on the back of weak economic data from China with metals being the major losers The proposed $35 billion farm Read more [...]

It was the second day of free fall in the indices. The Nifty and Sensex fall sharply on the multi-billion dollar farm relief package. Indices lost over 1% after there were reports of the government announcing an Rs.2.3 trillion farm revival package. The Read more [...]

The Chinese PMI number for December showed the first signs of contracting in the last 2 years and that hit sentiments across the world. Auto and metal stocks were the worst hit in the Indian markets on Wednesday. The sharp bounce in the Dow Jones Read more [...]

It was a difficult day in the equity markets. The Nifty and Sensex lose over 1% on China PMI contraction worries. China’s manufacturing PMI falling below the 50 mark signalling contraction in output. There was a negative advance/decline ratio of 9:41 Read more [...]

The Nifty was up by 47 points and the Sensex was up by 186 points on a day when the Nifty closed above 10,900 and the A/D ratio was favourable. We maintain our first Nifty target of 11,000 being breached in January. The RBI has been making the Read more [...]