Midnight News Update – Nov 07th 2017   Even as the Saudi regime undertook an unprecedented purge, Brent Crude touched a 30-month high of $62.49/bbl. As Prince Salman went about consolidating his hold over the Saudi empire, there is a concern Read more [...]

 Midnight News Update – Nov 03rd 2017   Vedanta put up another quarter of sterling performance as its metals business performed extremely well. There was positive growth in EBITDA in the zinc and the copper business while the oil business Read more [...]

The auto numbers for the month of October were largely a mixed bag. While Maruti reported a 9.3% growth in passenger vehicles, M&M and Ford India reported a decline in sales numbers as the demand tended to peter out after Diwali. Even Hyundai and Read more [...]

 Midnight News Update – Oct 31st 2017   The merger of IDFC and the Shriram Group that was announced with a lot of fanfare has finally been called off after both the companies failed to agree on a property valuation formula. IDFC investors Read more [...]

Midnight News Update – Oct 27th 2017   The Nifty and the Sensex closed the F&O series at record levels even as nearly 65% of the overall F&O positions got rolled over. There was short covering visible in PSU banks although the rally Read more [...]

Midnight News Update – Oct 25th 2017   In a significant boost for PSU banks, the government has decided to infuse up to Rs.211,000 crore into bank capital over the next 2 years. Indian banks are stuck with NPAs to the tune of Rs.800.000 crore Read more [...]

In the first 6 months of the current fiscal year ending September 2017, domestic mutual funds have pumped nearly $12 billion into equities. FPI contribution during this period was less than a billion dollars as FPIs have been consistently selling since Read more [...]

Major News Item Impact Analysis     Ø  IndusInd Bank formally sealed its merger with Bharat Financial Ø  The merger share swap between Bharat Financial and IndusInd will be in the ratio of 639:1000 Ø  Bharat Financial Read more [...]