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 [...]

The Nifty continues to be jittery because the trade war between the US and China officially triggers off on 6th July midnight. Counter tariffs to the tune of nearly $100 billion worth of goods are expected. That will mean pressure on the INR. Infosys Read more [...]

The Sensex rallied sharply by over 267 points on Wednesday on the back of the MSP announcements at sharply higher levels. This is in line with the commitment given in the Union Budget 2018 that the MSP would be fixed at 150% of the cost of production. Read more [...]

The bounce in the Nifty was on the back of the MSP announcement for Kharif crops which was sharply higher than the previous hike. This is likely to give a boost to Kharif realization and help address farm distress. While inflation could still be Read more [...]

Buying in pharmaceutical stocks and oil stocks led the Nifty higher on Tuesday. Reliance, ONGC and pharma stocks like Cipla were the major contributors to the Nifty up move on Tuesday. We believe that the value of the rupee will be critical and Read more [...]

In a significant progress on the assurance of minimum support price (MSP) for Kharif crops, the government is to announce support prices for paddy, ragi among others. In the Union Budget, the government had assured an MSP of 150% of the cost of production Read more [...]

Although the Nifty and the Sensex did recover from lower levels, markets were still down by more than half a percent on the back of global cues and trade war fears. Hardening oil prices also played spoilsport with the markets. The INR could be Read more [...]

The Nifty correctly sharply on Monday after the rupee once gain got close to the 69/$ mark. The major correction came from Reliance Industries and HDFC Bank, two heavyweights that corrected over 1.5% in the day. The big worry continues to be the vulnerability Read more [...]