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 [...]

Markets were up vertically on Monday. Nifty and the Bank Nifty scaled new highs as banking heavyweights spurred the index. Banking heavy weights like ICICI Bank and SBI along with a clutch of PSU banks pushed the Nifty and the Bank Nifty to historic highs. Read more [...]

In the midst of all the risks pertaining to global trade wars and the oil prices, the Nifty has scaled an all-time peak at 11,278 on Friday backed by ITC. Encouraging results from ITC helped the Nifty and the Sensex to scale new highs on Friday. Oil and Read more [...]

The rally on Thursday was typically driven by short covering as stocks like SBI and ICICI Bank saw a lot of short positions getting covered on F&O expiry day. Maruti did come under pressure due to aggressive analyst expectations. There may Read more [...]

On a largely uneventful day, the Sensex touched a record high of 37,000 on short covering on F&O expiry day. The market sentiments were also buoyed by spectacular results announced by Maruti, ITC and Dr. Reddy Laboratories. All three companies reported Read more [...]

Nifty was closer to its all-time high as it gained 50 points to comfortably settle at 11,134. The rally in the Nifty was led by Birla group stocks like Hindalco, Grasim, and Ultratech. Stocks like Larsen & Toubro as well as Lupin also added heft to Read more [...]