Nifty cracked by 181 points and the Sensex sold off by 572 points as the weak global cues and a mountain of uncertainty came down heavily on the Indian markets. Selling was almost uniform across the board. The selling was quite heavy across financials Read more [...]

The meeting of the OPEC at Vienna concluded with a broad agreement to cut supply by around 1 million barrels per day by the OPEC. Of course, Saudi Arabia has made it clear that the supply cuts would only be effective if all the members of OPEC agreed Read more [...]

The Nifty and the Sensex reacted to the sharp US correction the previous night. With the RBI maintaining rates and holding its tightening stance, the markets were disappointed and never really recovered from lower levels. The short-term worry for Read more [...]

The Monetary Policy, along with expected lines, maintained the status quo on the repo rates at 6.50%. This was necessitated by the inflation falling to 3.31% and the GDP growth falling to 7.1% in the second quarter. The decision to maintain status quo Read more [...]

The Monetary Policy Committee (MPC) meeting will conclude and the fifty monetary policy for the year will be announced in the afternoon. The market consensus is that the RBI will maintain status quo on repo rates and leave it at the current level of 6.50%. Read more [...]

The price of crude against went up sharply on supply cut expectations. However, the rally may not be too sharp this time around. A lot would depend on the OPEC meeting on 06th December but supply cuts look very likely. The monetary policy announcement Read more [...]

Crude oil got dearer as a G-20 truce combined with supply cut talks took the price of oil up. That also resulted in a sharp correction in the INR as it fell 1.26% in a single day and closed beyond the 70/$ mark. The positive PMI manufacturing of Read more [...]

Brent crude was up 3% on Monday as the combination of a US-China truce and likely supply cuts helped prices higher. Oil had fallen from $86/bbl to $58/bbl over the last 2 months after the Iran sanctions were substantially diluted. In the OPEC meeting Read more [...]