The PMI manufacturing and the PMI services for the month of May have stayed above the 50-mark indicating that both are still in expansion mode. For the month of May, while services showed a positive momentum, manufacturing showed a negative momentum. But then, as the chart below depicts, the services sector also witnessed a much …
The Monetary Policy announced by the RBI on 07th June maintained status quo on repo rates. This was largely along expected lines. It was already factored into most estimates that any rate cut decision would predicate on a variety of other factors like the trajectory of CPI inflation, growth traction post-remonetization, health of the banking …
When the NDA government assumed power 3 years ago in the summer of 2014, India’s FDI flows were $36 billion. Over the last 3 years, India has emerged as the largest recipient of FDI flows, pushing China to the second place. For the financial year 2016-17, total FDI flows into India was at $60 billion …
The MOSPI announced the fourth quarter GDP along with the GDP for the full fiscal year 2016-17. The actual GDP numbers did come in lower than street expectations, which is probably indicative of the fact that the lag effect of demonetization and the consequent liquidity crunch is still continuing. While the quarterly GDP number for …
On 30th May, SEBI put out a proposed report to regulate Participatory Notes (P-Notes) more closely. It may be recollected that when SEBI permitted Foreign Institutional Investors to invest in India, these FIIs were required to register with SEBI by going through the stringent KYC and other reporting and compliance requirements. However, many smaller investors …
The Indigo results announced for the fourth quarter ended March 2017 and for the full year 2016-17 betray a clear pressure on the company on the airline’s financials. This pressure is both in terms of squeeze in revenues as well as in terms of higher costs. While competitive pricing is taking a toll on the …
The trade data for the month of April announced on May 15th presented a mixed bag for the Indian economy. While exports have growth a tad faster, the bigger worry is on the growth of imports. The trade deficit for the month has also widened very sharply and that will have a bearing on the …
The IIP numbers for the month of March 2017 came in slightly better than expected. Remember, IIP numbers are normally announced with a 1-month lag as compared to CPI and WPI numbers. Here are some of the key takeaways from the IIP numbers that were announced for the month of March 2017… Key Takeaways from …
The CPI (retail inflation) announced for the month of April 2017 came in sharply lower at 2.99% compared to 3.89% for the month of March 2017 and overall CPI inflation at 5.47% in the corresponding April last year. This sharp fall in CPI inflation has also been driven by a very sharp fall in food …
Imagine that you are driving on the Expressway from Mumbai to Pune and you suddenly get a call from an old broker friend about a great momentum trading idea. As he explains the rationale, you quickly calculate that the stock could outperform in the short term. But there is a problem! Your trading account is …
