The Nifty convincingly crossed the 10,550 mark and now looks headed for our original targets of 10,700 and later towards 11,000. Big results this week include TCS and Infosys apart from CPI and IIP numbers. The first advance estimate for the full Read more [...]

FPI flows into debt in 2017 was to the tune of Rs.150,000 crore The inflows into debt more than compensated for the tepid flows into equities on the back of valuation concerns Debt flows continued to be elevated on the back of positive Read more [...]

By seeking parliamentary approval for the bank recap program, the government has sent a message that it is serious. Stocks like PNB, which we had recommended yesterday, were up by nearly 7% and the story may have just begun. We have been mentioning Read more [...]

Shortly after cutting the rate of interest on PPF, the government has also gone ahead and replaced the 8% RBI bonds with 7.75% bonds literally cutting rates by 25 basis points. This is one more indication that the government is keen to remove the distortions Read more [...]