While the global cues in the form of a stronger dollar and weak EM currencies continue, the rupee could breach the 71/$ mark decisively on Monday, unless the RBI really intervenes in a big way. That looks unlikely at this point of time. The big Read more [...]

The Nifty continued to be concentrated in a handful stocks driving the index up. A total of 7 out of 10 most valuable companies add Rs.76,227 crore wealth during the week. While Reliance Industries and Maruti lost value during the week, the value spurt Read more [...]

It was a day when the INR cracked sharply and the Nifty managed to hold on with minor losses of 13 basis points at 11,676. The tentativeness in the stock markets continued on Thursday even as the INR continued its correction. The correction could have Read more [...]

The Nifty showed strength even as the INR showed signs of stabilizing at around the 70/$ mark. Metal stocks led the rally on Tuesday even as Reliance and Maruti added a lot of heft to the market. With the Brent crude prices getting close to $77/bbl, Read more [...]

The Nifty did manage a late recovery on Thursday although it was still in negative territory as the rupee weakening to around 70.85/$ spooked the equity markets. Being the last day of the week, markets are likely to be under pressure. The big story Read more [...]

The Nifty corrected close to half a percentage point on Wednesday after the rupee showed signs of weakness. Stocks like Reliance Industries, that had led the rally, saw a sharp correction. Expect pressure on markets at higher levels. Even as Brent Read more [...]

Finally, some sanity returned to the Nifty on Wednesday. Nifty corrected 40 basis points on Wednesday to close at a level of 11,692. Even as oil counters like ONGC and GAIL were among the top gainers during the day, some of the leaders of the recent rally Read more [...]

The Nifty showed strength even as the INR showed signs of stabilizing at around the 70/$ mark. Metal stocks led the rally on Tuesday even as Reliance and Maruti added a lot of heft to the market. With the Brent crude prices getting close to $77/bbl, Read more [...]