The sharp bounce in the Sensex and Nifty on Friday was led by a relatively stronger rupee which gained more than 60 paisa after breaching the 69/$ mark. Oil prices also moderated on Friday on supply hopes. Auto numbers have once again flattered Read more [...]

The markets bounced back sharply on Friday on a mix of global cues and domestic buying support. Nifty bounced sharply by 125 points on Friday to settle at 10,714. Even the Sensex was up by 380 points. The buying was led by oil counters and metal counters Read more [...]

Despite negative the Nifty almost ended flat and recovered most of the losses that it had made in early trading. Ultratech and other cement companies gained after the rise in cement prices in North India. Tata Motors lost another 4% on Tuesday Read more [...]

Shriram Transport proposes to raise Rs.5,000 crore via 9.40% bonds. Shriram Transport will use the funds for business expansion as the company expects strong demand for loans in the aftermath of a strong monsoon estimate put out by the Met Department. Read more [...]

The trade war took its toll on the US Dow and on other Asian markets and that is likely to weigh on the Indian markets. Expect a cautious start with pressure at higher levels. The INR could come under pressure today after it became clear that China Read more [...]

HDFC Mutual Fund has finally got the nod for its proposed IPO. It will now be the second mutual fund AMC after Reliance Mutual Fund to come out with an IPO. Currently, 58% stake is with HDFC while 38% is with Standard Life of UK. The IPO may be launched Read more [...]

The Nifty comfortably settled above the 10,800 mark with a 1% rally on Friday after it became clear that the OPEC was going to bring supply back into the markets. India immensely benefits from lower oil prices. The week is likely to be dominated Read more [...]

Finally, there is cheer from the IMD on the monsoons front. IMD has projected the monsoon to bring cheer to Central India and North India in the next 2-3 days. In fact, June could see the normal monsoon onset on June 29th itself. As of the third week Read more [...]