The Nifty on Monday showed a sharp bounce and closed above the 10,400 level. Whether this is a decisive break above the 10,300 levels will be known in the next few days but it was a mix of short covering and selective buying. The combination of Read more [...]

The Indian economy got a double boost on Monday after the IIP growth for January came in higher at 7.5% while the inflation came in lower at 4.4% for the month of February 2018. The higher IIP number was largely driven by manufacturing which constitutes Read more [...]

The Nifty closed last week on a crucial level just above the 10,200 mark. The range of 10,200 to 10,300 will be critical and it needs to hold above that level for the up move to sustain. Otherwise, testing of levels below 10,000 on Nifty will open Read more [...]

Even as Emmanuel Macron committed $700 million for solar energy, he admitted that the world would require nearly $1 trillion worth of investments to achieve 1 terawatt (TW) of solar capacity by the year 2020. Macron also took a dig at the US for trying Read more [...]

The Serious Frauds Investigation Office (SFIO) has summoned Chanda Kochhar of ICICI Bank and Shikha Sharma of Axis Bank in connection with the PNB scam involving Nirav Modi and Mehul Choksi, both of whom are currently absconding. While Axis Bank had actually Read more [...]

The likely trade war between the US and the EU brings back memories of the previous trade wars in the 1930s which actually worsened the Great Depression of the 1930s. The story began with the US plan to impose 25% import duties on steel and 10% on aluminium. Read more [...]

As we had cautioned yesterday, the trade war fears led to the Nifty tanking by nearly 100 points on Monday. Asian markets continue to be tentative although Europe and the US saw some buying interest at lower levels. It is perhaps time to be a tad Read more [...]