The much touted sovereign bond issued planned by the Indian Government and announced in the Union Budget may finally take off in October 2019. The $10 billion sovereign borrowing program announced by the government is likely to go through in October this Read more [...]

On Tuesday, the pressure on the frontline financials continued as the likes of HDFC Bank, SBI and Bajaj Finance came under pressure. That pressure should subside and we could see these stocks stabilizing at current levels. All eyes on the build Read more [...]

The International Monetary Fund (IMF) has cut India’s growth target by 30 bps for next two years. This could be a setback for the India growth story; IMF has downsized India’s GDP growth for 2020 and 2021 from 7.3% to 7%. IMF has pointed to subdued Read more [...]

It is rarely that you get to see the bluest of blue chips like HDFC, HDFC Bank, Bajaj Finance among other losing nearly 5% in a single day. From a macro perspective, it is never a positive sign when the drivers start losing value. Markets will Read more [...]

The real problem with the fiscal deficit may be on the revenue side and not on the spending side. Rathin Roy has warned of silent fiscal crisis in India in the coming years. A key member of the Prime Minister’s Economic Advisory Council (PMEAC), Rathin Read more [...]

The concerns over higher NPAs in some private banks and weak results expected from autos and FMCG companies have put pressure on the markets. The global situation in Iran is also getting geopolitically sensitive. Markets may be broadly concerned Read more [...]

There may finally be some real progress on the IL&FS probe as the SEBI widens its probe into the role of rating agencies in the fall of IL&FS. The regulator has expanded its probe after the investigation agencies pointed out to the alleged link Read more [...]