Market Updates - Angel One

In what could be good news for the Tata Group and for the investment climate in India, Tata Sons and NTT DoCoMo of Japan have agreed to settle their long standing dispute out of court. In fact, the Tata-DoCoMo dispute had assumed larger proportions under Cyrus Mistry and the way the NTT DoCoMo case was …

The SEBI board meeting on February 11th had some important takeaways for the Indian capital markets. SEBI’s detailed plan of action for 2017-18 is critical as it could have long term positive repercussions for the Indian capital markets. More importantly, the SEBI Board laid out the broad regulatory agenda for the capital markets for the …

Ok, here is a small quiz! When was the last time that the stock of Reliance Industries was up by over 11% in a single day? In case you are not aware, the last time the stock saw such a sharp move was in May 2009, a day after the ruling Congress coalition was voted …

At its board meeting on February 20th, the Board of TCS approved the buyback of 5.61 crore shares subject to a maximum outlay of Rs.16,000 crore. That means TCS can buy back the shares at a maximum price of Rs.2850. Normally, buybacks are done through any of these 3 methods viz. Proportionate Tender Offer to …

The Cabinet has approved the merger of five of SBI subsidiaries into SBI which will create a banking behemoth in the PSU space with assets in the range of nearly Rs.30 trillion ($450 billion). This will be instrumental in bringing SBI in the list of Top-50 largest banks in the world. Of course, in terms …

Along expected lines, the CPI inflation for the month of January 2017 came in lower at 3.17%. This compares favourably with the 3.41% CPI inflation reported in the month of December 2016. What exactly are the key takeaways from the inflation numbers? More importantly, what does that imply for the rate outlook of the RBI? …

As the media continues to speculate on the perceived differences between the Infosys Board and its founding members, the Infosys management hosted a press conference to address some of the key queries that have been doing the rounds in the electronic & print media as well as the social media. Overall, the press conference was …

What has been transpiring at Infosys over the last few days is not something we often see. An iconic company in many ways, Infosys has typically stuck to its core values of performance, consistency, transparency and governance. Be it adopting global accounting standards or giving detailed guidance on earnings or sharing a wealth of information …

The Index of Industrial Production (IIP) for the month of December 2016 came in at (-0.4%), sharply lower than the positive number of 5.6% growth recorded in the month of November. The pressure on IIP was expected to manifest itself in the month of December due to the cumulative impact of 2 months of demonetization. …

The Sixth Monetary Policy for the fiscal year 2016-17 was announced by the RBI on 08th February 2017. It is essential to understand the backdrop to this policy announcement. Firstly, there is the demonetization exercise that was undertaken in the months of November and December 2016. Secondly, the RBI had already front-ended a rate cut …