The 2-day meeting of the Federal Open Market Committee (FOMC) concluded with a 25 basis point rate hike. This takes the Fed rate level to a range of 0.75%-1.00%. The indications were already there. In fact, over the last couple of weeks, the probability of a rate hike in March (as implied by the Fed …
The Ministry of Statistics and Programme Implementation (MOSPI) announced the CPI and the WPI numbers for the month of February. Both the numbers were expected to come out on the higher side due to the weakening of the base effect as well as rise in oil prices, which tends to have a sharper impact on …
Some political lessons from the state election outcomes… As we go to press, the final results of the various state elections are still some time away. However, the broad trends are quite clear, at least in the key states of Uttar Pradesh and Punjab. There is no denying the fact that the ruling BJP has …
The state elections are gone. While the BJP has clearly swept Uttar Pradesh and Uttarakhand, it was the Congress that made hay in Punjab. The final shape of the government in Manipur and Goa will take some time, but the Congress has at least managed to redeem itself in both these places. But one thing …
To begin with, here is a broadly disclaimer. This is a summary of all exit polls announced on March 09th in the five states that are expecting the results of assembly elections on March 11th. Like any sample survey, these exit polls also have their shortcomings. Firstly, the sample is assumed to represent the entire …
When the US Federal Open Market Committee (FOMC) meets on March 14-15, it will be a big question on whether they will look to another rate hike. Interestingly, the markets seem to be almost betting with certainty about a rate hike on March 15th. In fact, the probability of a rate hike, as implied by …
In the Berkshire Hathaway report to its shareholders, there was one comment on airline stocks from Warren Buffett that attracted a lot of attention. Buffett commented that “After a century of mistakes and bad operating performance, aviation stocks may be finally coming into their own”. Coming from an aviation sceptic like Warren Buffett, this was …
There almost seems to be a negative correlation between the aggression shown by Reliance Jio and the price performance of other telecom stocks. When the free telecom offer was first launched by Reliance Jio on September 05th, listed telecom stocks like Bharti Airtel, Idea Cellular and RCOM lost nearly Rs.22,500 crore in market cap. The …
Mr. Ajay Tyagi, who took over as SEBI chairman on March 01st 2017 surely has a tough act to follow. His predecessor, Mr. U K Sinha, managed a very tough transition of the capital market regulator during his 6-year tenure. Additionally, Mr. Sinha also oversaw the integration of Forward Markets Commission (FMC) into SEBI and …
As is the normal practice, the Monetary Policy Committee published its minutes of the discussion leading to the Monetary Policy on 08th February. It may be recollected that in the Feb 08th policy, the MPC had chosen to maintain status quo on rates. This was contrary to market expectations as the equity and bond markets …
