At a time when most of the brokerage houses continue to sing paeans for ICICI Bank, there is a lone voice of dissent in the form of Gautam Chugani of Alliance Bernstein. In fact, Bernstein has a price of target of Rs.220 on ICICI Bank which is nearly Read more [...]

The Monday bounce of over 470 points on the Sensex and 125 points on the Nifty was largely led by short covering ahead of the F&O settlement this week and a truncated banking and trading week. Be caution at higher levels. It may be premature Read more [...]

The Indian government has lined up a massive Rs.288,000 crore borrowing program for the first half of 2018-19. This is not only lower than the original estimate but is also likely to be of a lower duration. The Finance Ministry official met bond traders Read more [...]

Indian farmers could lose nearly Rs.14,500 crore this Rabi season due to low prices. On an average most crops were being sold at Rs.200 to Rs.600 below the Minimum Support Price (MSP) fixed by the government. This is the immediate assessment based on Read more [...]

News Announcement Impact Analysis US Fed hiked rates by 25 basis points along expected lines in its March meet This was the first policy announcement by Jerome Powell and the big triggers were jobs data and inflation Fed has projected Read more [...]

It was a disappointing opening day for the Nifty as it dipped below the support level of 10,141 and closed below the 10,100 mark. A fall below 10,000 opens further downside risks for the Nifty. A lot would hinge on the Confidence motion to be passed Read more [...]

Nifty could see some deep cuts over the week end as traders will prefer to stay light over the week end. The Dow has reacted negatively to Trump’s plan to impose tariffs on $50 billion worth of Chinese exports to the US. Commodities and oil could Read more [...]

Indian companies have nearly $1 billion worth of dollar bonds maturing 2018 but Moody’s is confident that Indian companies have the required solvency and resources to meet these commitments without any hassles. For the whole of Asia the bond maturities Read more [...]