Friday was a bounce with a vengeance as banks and commodity stocks combined to take the Nifty to a new high. With the Fed holding rates and the RBI hinting at front-ending of rate hikes, markets are surely in positive mood. With no immediate resistance Read more [...]

News Announcement Impact Analysis Nifty closed the week at a historic level of 11,360 on Friday The rally was driven largely by a bounce in banking stocks after a steep correction on Thursday The Indian markets have touched a new Read more [...]

The Nifty reacted late to the rate hike impact with banks and auto companies reacting negatively to the rise in repo rates. The overhang of the global trade war also hung over the international markets. The 25 basis points rate hike by the Bank Read more [...]

The lag effect of the rate hike on the Nifty led it lower by 100 points to 11,244 levels. The price damage was mostly in rate sensitives like banking and auto stocks. Ironically, the INR strengthened another 17 paisa to touch 1-month high of 68.26/$. Read more [...]

Despite a surprise 25 basis points in the rate hike, the Nifty recovered most of its losses to almost close flat. However, rate sensitives like banks and autos are likely to be under some pressure today also. The INR strengthened to the 68.34/$ Read more [...]

It was surely a case of   surprising the street with a front-ended 25 basis points hike in repo rate in Aug policy. Less than 2 months after its last rate hike in June, the Monetary Policy Committee (MPC) hiked repo rates by another 25 basis points Read more [...]

Tuesday was marked by a late rally in the Nifty as it staged a recovery to close above 11,350 levels. The momentum in the Nifty was triggered by two major heavy weights on the index; Reliance Industries and Hindustan Unilever. RIL also crossed the market Read more [...]

The monetary policy committee (MPC) meet starts today and the rate announcement will be made on August 01st. While inflation is higher, the MPC may wait till October to see food inflation impact before hiking rates. We reiterate that two wheelers Read more [...]