The Nifty showed a bounce from lower levels but it is still below the 10,200 levels. The big overhang will be the Fed meet and any proposal to hike rates 4 times instead of 3 times could be negative for Indian markets. The political stalemate continues Read more [...]

Ultratech may have to fight off a web of litigations to consummate the deal with Binani Cements. It may be recollected that after Dalmia Cements made an offer for around Rs.6500 crore, Ultratech offered to buy over 98% stake in Dalmia Cements at Rs.7266 Read more [...]

When the US Fed meeting concludes on Wednesday, the markets will have a clear picture of where the rates will be headed this year. 3 rate hikes are factored but 4 rate hikes could be a negative surprise for the markets. While the NDA government Read more [...]

When the Fed meets during the coming week it could fire the first salvo on hiking Fed rates by 25 basis points in what could be the first in a series of 3 to 4 rate hikes due to sharply higher inflation. Futures markets are almost overwhelmingly betting Read more [...]

The Nifty and the Sensex ended in negative territory on Thursday after the overhang of the BJP’s shock defeat in the by elections in UP and Bihar took the markets by surprise. 2019 will be more keenly watched. The proposed no-confidence motion Read more [...]

Trade deficit for the month of February 2018 dipped to a 5-month low of $12 billion against a trade deficit of $16.3 billion in January this year. While the exports grew by 4.5% for the month, the imports were up by 10.4% at $37.8 billion. However, there Read more [...]

Wholesale inflation for the month of February 2018 eased to 2.48% from 2.84% in the month of January 2018. This fall was led by negative inflation in primary products and almost flat inflation in manufactured products. The flat inflation in manufactured Read more [...]

In the aftermath of the PNB $2 billion fiasco, the RBI has barred the issue of letters of undertaking (LOU) for trade credit purposes. It may be recollected that LOUs were at the centre of the PNB scam wherein the bank had been defrauded to the tune of Read more [...]