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 [...]

Mr. Suresh Prabhu has committed that the new Industrial Policy could be out in a few months and that the intent is to get $100 billion of annual FDI into India. Currently, India already receives $60 billion of FDI each year and is the world’s largest Read more [...]

The year 2017 appeared to be the year of the emerging markets with FPIs infusing nearly $235 billion into emerging market assets in the full year. This is almost 50% higher than the emerging market allocation in the previous calendar year. Nearly 75% Read more [...]

The move on Monday was much smoother as the bull rally of the last half of December appears to be continuing. The slightly lower GDP estimates did not really dampen the spirits of the market. We see the markets taking the slightly higher fiscal Read more [...]