GDP ESTIMATES ARE GOOD, BUT NOTHING GREAT

Posted on March 1, 2018 by Achiievers

GDP estimate at 7.2% should be a positive but full year estimate at 6.6% will surely dampen sentiments. Also the PMI-Manufacturing touching a 4-month low is not a very good sign. Markets may see some macro pressure on Thursday. We have been aggressively Read more [...]

ALL EYES WILL BE ON THE GDP DATA

Posted on February 28, 2018 by Achiievers

Even as the Nifty has held on to the 10,500 levels, despite the PNB fiasco taking its toll, the big story will be the GDP estimates for the fourth quarter. Any estimate that is 40-50 basis points higher than Q3 will be a big push for markets. Reliance Read more [...]

ACC and Gujarat Ambuja both are accepted that merger was the ultimate goal

Posted on February 27, 2018 by Achiievers

Both ACC and Gujarat Ambuja have confirmed that the merger plan mooted in May 2017 is currently being put on hold. While the companies accepted that merger was the ultimate goal, they were averse to committing to a merger at this point of time due to Read more [...]

As trading commences in the final week of February

Posted on February 27, 2018 by Achiievers

As trading commences in the final week of February, the data points to watch will be the Q4 GDP estimates, the PMI numbers for manufacturing, and core sector data for January and the auto sales data. Additionally, the rupee movement will also be closely Read more [...]

Weekly Capsule (Feb 19 – Feb 23) and Impact Analysis

Posted on February 23, 2018 by Achiievers

News Announcement Impact Analysis Minutes of the MPC clearly hinted at caution in raising rates MPC expressed uncertainty over rate hikes post Fed action considering that IIP was just showing green shoots The vote was 5-1 in favour Read more [...]

aftermath of the PNB fiasco over Nirav Modi

Posted on February 23, 2018 by Achiievers

The Indian rupee tumbled to a 3-month low of Rs.65.03 on Thursday as the banking crisis led to a run on the INR. The situation worsened when importers rushed for cover after it became clear that the Fed rate hikes could begin as early as March and go Read more [...]

The Monetary Policy Committee (MPC) minutes were made public on 21st Feb

Posted on February 22, 2018 by Achiievers

The Monetary Policy Committee (MPC) minutes were made public on 21st February. This refers to the detailed discussion of the members of the MPC ahead of the decision to maintain status on rates in the February monetary policy. With inflation way above Read more [...]

RBI has come under criticism for its audit of PNB books

Posted on February 21, 2018 by Achiievers

Even as the RBI has come under criticism for its audit of PNB books, the central banker has gone ahead and appointed a high powered committee under eminent tax expert, Y H Malegam, to look into the reasons and prevent such frauds in the future. The committee Read more [...]

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