The Nifty closed very near to the 10,700 mark driven largely by the pharma and the oil & gas sector. The sharp $5 fall in Brent Crude helped most oil downstream companies to stage a smart recovery in the last two trading sessions. While we Read more [...]

L&T reported 5% higher profits at Rs.3167 crore for the fourth quarter ended March 2018. Total revenues for the quarter were higher by 10% at Rs.40,678 crore. During the fourth quarter, the order inflows were higher by 5% at Rs.49,557 crore with international Read more [...]

  The Nifty celebrated the 25 basis points hike in the repo rate with a 100 points rally on Wednesday. The rate hike was factored in, but the markets liked the fact that the RBI did not give a hawkish view on rates and inflation. Rate Read more [...]

The Monetary Policy Committee (MPC) in its second monetary policy of the current fiscal hiked the repo rates by 25 basis points. This is the first rate hike by the RBI in the last 53 months. The rate hike was necessitated largely by higher inflation Read more [...]

The Nifty scaled the 10,600 mark on Friday on the back of sustained buying by domestic funds despite selling from foreign investors. The market is likely to sustain above 10,500 levels for now Downstream oil may actually outperform from here Read more [...]

The Enforcement Directorate (ED) is likely to seek immediate confiscation of Nirav Modi’s assets under the Fugitive Offender’s Ordinance. The ED still needs an official declaration of Nirav Modi as a Fugitive Offender; post which it can attach Read more [...]

Why it is a bad idea to begin with… The government recently came up with an idea to impose a special cess on ONGC when the global Brent Crude prices cross $70/bbl. The logic is that higher crude prices mean higher profits for oil extractors like ONGC Read more [...]