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 [...]

The OPEC meet in Vienna later this week is likely to be critical for the future of oil and for the future of global financial markets. Ironically, what are driving oil prices higher are not the supply cuts from OPEC and Russia but the sanctions on Iran. Read more [...]

India has had a history of falling back upon its NRIs to bail them out in the event of a likely currency crisis. The first time India actually did that was in the aftermath of the Pokhran sanctions in 1998 when it raised $5 billion through Resurgent India Read more [...]

With the Sensex Index Committee planning to drop Dr. Reddy from the index and replacing it with Vedanta, it will reduce the share of pharma further in the index. Lupin and Cipla are already out of the Sensex, leaving Sun Pharma as the only pharma stock Read more [...]

When the Fed concluded its meeting on the 13th of June, there was little by way of surprise. The Fed futures on the CME were already indicating a 97% chance of a rate hike. So, there was little surprise when the Fed hiked the rates by 25 basis points Read more [...]

The US markets came under pressure after the Fed gave out a very hawkish tone on the rates front. Fed has hinted at another 2 rate hikes in 2018 and 3 more rate hikes in 2019. Indian markets could face pressure today at higher levels as the rate Read more [...]

The US Fed on Wednesday raised the Fed Funds rates by 25 basis points to the range of 175-200 basis points. This is the 7th rate hike by the Fed since Jan 2016. US markets reacted negatively to the Fed announcement since the outlook on inflation and interest Read more [...]

The Nifty closed to the 10,850 mark after the Trump-Kim deal raised hopes that the geopolitical risk in Asia would be largely reduced. Markets are likely to maintain the positive sentiments in the short term. With Sun Pharma Halol Plant getting Read more [...]