Brent Slips to the Floor

Brent has come down below the US$ 70 mark after a long while. The main reason that has caused this fall is the emerging demand conditions which may not be favourable as China faces one of the worst outbreaks of the pandemic since the first wave in late 2019. Transport services and movement of people […]

Gold Remains Subdued, Trending Lower

In the absence of any fresh positive triggers gold price remains subdued. There was some uptick in prices when the Fed stated that they may continue the accommodative stance till growth re appears. The resurgence of the pandemic also helped gold move up but that was short lived. The fall came after very strong US […]

Currency Levels Awaiting Macro Numbers

The latest jobs report presents a stronger US economy, and the number of jobs added is 943,000 as against the market expectations of 870,000. This has lent good amount of support to the Dollar as the Fed had indicated earlier that it would be monitoring the improvements in the job market for possible direction to […]

Equities – It Pays to be Conscious of the Immediate Choices

The Pandemic & After The equity markets have rallied beyond expectations with higher levels being attained with each passing trading day. And quite in step with that some questions on the expensiveness of valuation too. The liquidity conditions and the low interest rates formed the basis for P/E expansion to a significant extent. The pandemic […]

Long End Yields Rise Gradually

First, the factor that has always been the friend of the markets, the ample liquidity, is still available to the markets. The average liquidity has been to the tune of about Rs.5.50 Lakh Crs for almost a year now. The stance of the RBI that the growth factor precedes the inflation factor at this juncture […]

Two Giants and Global Growth

Is Retail Inflation Transient? The inflation in the US has been edging higher during the last few months, and the latest data indicates that it is stable at higher levels. The US CPI registered a rise in July to the tune of 0.50 % on a month-on-month basis, the annual inflation rate at 5.40 %, […]

Monetary Policy: Market sniffs an approaching normalization

In the monetary policy review by the RBI, all the key rates have been left unchanged. This is on expected lines, and RBI continues to lay accent on the need to sustain growth in preference to price stability, and therefore, an accommodative policy. Inflation is still very close to the RBI’s target range, though a […]

Inflation falls within RBI’s target range after two months

The CPI based inflation has moderated and it has fallen within the RBI’s target range of 4% +/- 2% after a gap of two months. The headline CPI inflation wasreported at 5.59% for the month of Jul’21 as compared to 6.26% for the preceding month and 6.73% during the year ago period. The easing in […]

Monetary Policy: Market sniffs an approaching normalization …

In the monetary policy review by the RBI, all the key rates have been left unchanged. This is on expected lines, and RBI continues to lay accent on the need to sustain growth in preference to price stability, and therefore, an accommodative policy. Inflation is still very close to the RBI’s target range, though a […]

Likely normalisation of liquidity, probable surge in cost of funds pose near-term risks to markets

The current market rally has been possible, mainly due to liquidity that has been aplenty and because of low interest rates, he says. The high level of activity in the primary market may continue for some more time, a few more months. Joseph Thomas, Head of Research, Emkay Wealth Management, feels the market has already […]