It was a day on which the May inflation and the April IIP came in higher. April IIP at 4.9% was largely supported by cement, automobiles and was backed by a 13% growth in capital goods demand. Both mining and manufacturing grew at 5.2% for April. The Read more [...]

After gaining nearly 90 points on the policy day, the Nifty gained another 83 points to get close to the 10,800 mark. It is likely to meet stiff resistance at these levels and may come down before resuming its up move. Global steel prices are again Read more [...]

It was a hectic day for global markets a day after the RBI hiked rates by 25 basis points. The Euro strengthened to a 3-week high after the ECB indicated that the stimulus unwinding may start sooner than anticipated. In the meanwhile, Turkey set the tone Read more [...]

The Nifty and the Sensex gave up its early euphoria as the spectre of a rate hike on June 06th kept the market on tenterhooks. Markets are worried that a rate hike combined with a hawkish view could push yields beyond 8%. The focus will be on the Read more [...]

As the RBI goes into a critical June policy, the room is still divided on the rate outcome. While half of the economists are still betting on a 25 bps rate hike on June 06th, the other half is still of the view that the RBI may give a hawkish note and Read more [...]

The market gave away gains with a sharp correction in the Bank Nifty as fears of a possible rate hike on 6th June took precedence. RBI may be compelled to hike rates to curb inflation and to stem the fall in the rupee value. Most private banks Read more [...]

For the second time in 2 months, Fitch has downgraded the viability ratings of PNB. This was following a significant deterioration in the credit portfolio of PNB. Fitch has actually cut PNB by two notches from B to BB- due to the higher than expected Read more [...]