The level of 10,800 continues to be a major resistance for the Nifty as most of the pharma stocks gave up some of their frenetic rally of the last few weeks. Oil continued to outperform the market ahead of the Vienna meet. India also retaliating Read more [...]

The saga of retaliatory tariffs on US imports and after the EU it is now the turn of India to impose these tariffs on US imports. Higher import tariffs will be applicable on 29 US products effective from August 04th. India has already appraised of the Read more [...]

The trade is not just between the US and China but EU too has entered the fray by imposing 25% tariffs on a host of American products to the value of $3.2 billion. A lot will now predicate on how the quantum increases. Markets on Thursday are likely Read more [...]

The minutes of the MPC meeting held on 6th June were released on 20th June and it pointed to a very clear predilection on the part of the members of the MPC to vote in favour of a rate hike considering the clear upside risks to inflation. It may be recollected Read more [...]

The trade war led the Nifty to correct closer to the 10,700 mark and the markets may continue to be under pressure as the trade war between the US and China appears to be getting more acute by the day. The action is likely to shift to the OPEC Read more [...]

In an interesting political move, the ruling BJP withdrew its support to the Mehbooba Mufti led PDP party in the Jammu & Kashmir assembly. The virtual failure of the Ramzan ceasefire and the killing of noted journalist Shujaat Bhukhari may have exacerbated Read more [...]

The ICICI Bank Board named Sandeep Bakshi as the interim CEO of the bank. Ms. Chanda Kochhar will continue to be on leave till the probe is completed. With the demands for Chanda’s resignation heating, the board appointed an independent inquiry commission Read more [...]

The week is likely to be driven by the trade sanctions with the US imposing trade sanctions on China and China promising to retaliate. Any trade war like situation will be bad for the markets. With oil prices likely to go up again on the back of Read more [...]