Could it really get much worse from these levels? A recent report by HSBC underscores the risk of higher capital outflows from equity and debt. FPIs have been net sellers in the last couple of months. In the month of May alone, FPIs have sold over Read more [...]

The Nifty recovery on Thursday was driven by IT stocks like IT and Infosys and the INR weakened and the benefits directly flowed to the IT companies. However the US-Korea standoff is likely to make matters worse for Indian markets. The government Read more [...]

The stock of ONGC tanked by 11% on Thursday on the back of the proposed windfall tax proposed by the government of India. With the sharply higher price of crude oil in international markets, the domestic price of petrol and diesel has also gone up Read more [...]

Tata Motors reported a 50% fall in net profits for the fourth quarter ending March 2018 to Rs.2175 crore. This was largely led down by a provision of Rs.1641 crore that Tata Motors had to make for impairments of certain products. Consolidated revenues Read more [...]

The stock of SBI surged on Tuesday despite reporting a quarterly loss of Rs.7718 crore for the March quarter. The net loss is the second highest for a PSU bank after PNB. It may be recollected that SBI had also reported a loss of Rs.2416 crore in the Read more [...]