After a long gap the Core Sector number for the month of November came in at a healthy 6.8%. Core sector represents the 8 infrastructure sectors including coal, crude oil, natural gas, refinery products, steel, cement, fertilizers and electricity. This Read more [...]

Nifty ended the year at an all time high with the Reliance Jio and RCOM merger news likely to be the most positive for the markets. Now the Nifty may be headed higher towards 10,800 and 11,000 levels from here on. The rise in bond yields may be Read more [...]

Prime minister, Narendra Modi, had a high level meeting with 40 leading economists of India ahead of the Union Budget to explore ways to give a big push to growth. The forthcoming Budget on February 01st will be the fifth and final budget by the current Read more [...]

The Nifty stayed above the 10,600 mark but the Nifty showed signs of tiring at higher levels. However, the markets appear to be focusing on positives like the new industrial policy and likely growth revival. The decision to hike non-coke prices Read more [...]

The Nifty convincingly crossed the 10,550 mark and now looks headed for our original targets of 10,700 and later towards 11,000. Big results this week include TCS and Infosys apart from CPI and IIP numbers. The first advance estimate for the full Read more [...]

FPI flows into debt in 2017 was to the tune of Rs.150,000 crore The inflows into debt more than compensated for the tepid flows into equities on the back of valuation concerns Debt flows continued to be elevated on the back of positive Read more [...]

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 [...]