With the US, France and UK launching attacks on Syria, the situation becomes really delicate in West Asia. Markets could be under pressure on Russian retaliation pressure as well as a rise in crude oil prices. Infosys disappointed with a 300 basis Read more [...]

The positive returns during the week continue with IT stocks driving the Nifty higher on Thursday. Apart from better result expectations on IT, the INR weakening beyond the 65/$ mark is also making the IT stocks attractive. We expect this quarter Read more [...]

IIP growth for the month of February came in at 7.1%. The good news was that Manufacturing continues to grow at 8.7% even as electricity slowed down and mining saw negative growth. The return to growth in the manufacturing sector is probably the one good Read more [...]

With Donald Trump threatening to launch an attack on Syria, world markets were worried that the US and Russia may come into direct confrontation as Syria is an ally of Russia. Putin has already warned the US that any attack on Syria will invite counter Read more [...]

Manipal Hospitals, which had made a bid for Fortis Hospitals, decided to sweeten its bid after the market reacted negatively to the bid. Manipal has now raised its offer to buy Fortis Hospitals by 21% to make the bid more friendly for the shareholders. Read more [...]

The Nifty has bounced back sharply to the 10,400 mark but the conviction is still lacking in the markets. The overhang of the banking fiascos and the potential trade wars between the US and China will influence the markets. One can now expect quick Read more [...]

Two of the largest private sector banks in India are undergoing a major reputational risk over the quality of credit decisions and the potential conflicts of interest. In case of ICICI Bank, the Board has expressed faith in the CEO, although reports suggest Read more [...]

The stock of ICICI Bank has been quite volatile over the last 1 month since the conflict of interest issue first came out in the open. While the last word may not have been said, the real challenge for the group will be to manage the actual repercussions Read more [...]