Why it is a bad idea to begin with… The government recently came up with an idea to impose a special cess on ONGC when the global Brent Crude prices cross $70/bbl. The logic is that higher crude prices mean higher profits for oil extractors like ONGC Read more [...]

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 [...]

DLF reported a sharp 66% growth in net profits to Rs.247 crore for the fourth quarter ending March 2018. Total income was sharply lower at just around Rs.1850 crore for the fourth quarter, largely due to the hiving off some of its key businesses. For Read more [...]

The outcome in the state elections in Karnataka could spook the markets on Monday as markets are likely to react negatively. Oil prices and a weak rupee will continue to be an overhang on the markets. It will be interesting to see how the bank Read more [...]