Weekly Capsule (Jun 12 – Jun 16) and Impact Analysis Major News Item Impact Analysis     Ø  FOMC raises Fed rates by 25 basis points to the range of 100-125 bps Ø  The hike in rates is in tune with the Fed guidance Read more [...]

Chasing Bank NPAs How the RBI has taken two important steps to rescue the banks… In the last couple of months, the RBI has initiated two very important measures that will go a long way in alleviating the problem of NPAs in the banking system. At over Read more [...]

Midnight News Update – Jun 16th 2017   One of India’s most successful cooperative movements in India, AMUL, has reported a 17.5% growth in sales for the fiscal year 2016-17 at Rs.27,043 crore. Although this sales growth is much lower than Read more [...]

 Midnight News Update – Jun 14th 2017   In a crucial move, HDFC Bank market capitalization surged past that of Reliance Industries as HDFC Bank emerged as the second most valuable Indian company after TCS. At Rs.432,000 crore the market cap Read more [...]

RBI Turns Dovish Could this be a signal for an impending rate cut? The RBI monetary policy announced on June 07th maintained status quo along expected lines. But focusing purely on the rates would be missing the bigger picture. There are four key takeaways Read more [...]

Persistent Systems (657): Buy Buy it at current levels or any dip with a stop below 600. Targets 700 - 713, and 759 - 802. Its chart shows that it has already bottomed out, and probably would be the one of the best performing technology stocks on the Read more [...]

 Midnight News Update – Jun 13th 2017   The IIP number for the month of April 2017 came in at 3.1% lower than the 3.8% reported in the previous month. The three components of IIP viz. mining, manufacturing and electricity showed positive Read more [...]