Finally, the core sector showed some green shoots by turning in stronger growth in February at 2.1% versus 1.5% in January. The core sector is an assortment of 8 core infrastructure segments. Within the 8 core sectors; crude oil contracted by 6.16% while Read more [...]

The Nifty closed the week and the year at 11,623 as a mix of fresh buying by FIIs and short covering in select counters led the Nifty higher.  The index heavy financials have continued to support the markets. We see pressure coming into the markets Read more [...]

Rate cut hopes are back in the Indian bond markets. Economists and bond traders are already factoring in a 25 basis points repo rate cut in the April monetary policy which the MPC is expected to announce in its April 04th policy decision. The survey Read more [...]

Dollar Swaps could actually hit three birds with one stone In the last week of March, the RBI introduced the new concept of dollar swap auctions in the Indian money markets. The first issue of dollar swaps attracted buying interest of $16.3 billion Read more [...]

It looks like external benchmarking for loans is off the table for now Back in the December monetary policy announced by the RBI there was special mention of the banks shifting to an external benchmark for pricing loans. This was part of the policy Read more [...]

For the third time, BREXIT Deal was rejected and so will BREXIT For the third time in succession, the proposed BREXIT deal was rejected by the British Parliament. Theresa May counted on a mix of Conservatives, North Irish party and Labor dissidents Read more [...]

News Announcement Impact Analysis     Nifty closes the fiscal year at above the 11,620 mark on Friday The sharp rally was largely driven by the banking stocks that carry the highest weightage in the indicesA more Read more [...]