The day was literally dominated by TCS which gained more than 5% on a single day after its extremely encouraging annual results. Despite that markets closed almost flat on Wednesday. With the US expanding its trade war to China to $200 billion Read more [...]

Had it not been for TCS, the Nifty would have ended deep in the red on Wednesday. If TCS weight on the Nifty was more than its 4.3% based on free float, the Nifty would have really spurted. Nifty ended flat, aided by a 5% rally in TCS. The TCS stock reacted Read more [...]

Nifty closed at 10,947 after a sharp rally in stocks like Reliance, GAIL and Axis Bank added heft to the Nifty. Short covering also helped the markets to move higher during the day. The big data point in the next few days could be the price of Read more [...]

The pressure on the oil prices may be back with the latest developments in Norway. Brent Crude scaled $79/bbl as Norway shut oil production after its oil workers went on strike. It may be recollected that Norway runs a $1 trillion sovereign fund that Read more [...]

British Foreign Secretary Boris Johnson quits as BREXIT crisis mounts. Boris Johnson was the person who was supposed to be spearheading the BREXIT negotiations. However, Johnson’s exit followed immediately after the BREXIT secretary, David Davis, had Read more [...]

Apart from the all important Infosys results, the week will also see the announcement of the CPI inflation number and the IIP numbers. Both will be critical inputs for the market direction. Keeping data aside, the big focus will be on the trade Read more [...]

The coming week is likely to be heavy on data flows. Apart from the quarterly results starting with Infosys, there will be the CPI inflation data and the IIP data that will come out this week. Nifty is likely to be sharply predicated on data flows during Read more [...]

Reliance completed its 41st AGM and made some significant announcements and statements during the AGM. According to Mr. Mukesh Ambani, consumer business (including Jio) will be contributing as much as oil and petrochemicals to the company’s business Read more [...]