Weekly Market Update 23 Sep to 27 Sep 2013

The market started with a bust, continued its lacklustre performance throughout the week and ended with more downside. This in short was the story of the week past.

Market Dynamics After FOMC meet and RBI Policy Review

Why the FOMC meet cheered markets?

In the FOMC meet on 18th Sep 2013 there was a surprise for the global markets as there was no announcement about any QE tapering as was widely anticipated. This unexpected move had ripple effects on all emerging markets including India and there was a sharp upside seen in Indian markets and there was good reason to cheer too.

Weekly Market Update - 16 Sep to 20 Sep 2013

The week started with a muted performance of the market. It was evident from the beginning that everybody was waiting for the twin outcomes of the US FOMC meet and RBI’s mid term monetary policy. As it turned out, both these developments came with unexpected outcomes.

NSEL Fiasco - Effect on MCX

A lot has been made about the payment crisis that broke out at NSEL and its after-effects. Since we had analysed MCX as one of the stocks with a potential to give good returns in our post Incredible Stocks - MCX, we felt that there is a need to review that analysis in the light of the latest developments.

Weekly Market Update - 10 Sep to 13 Sep 2013

“The worst may be over for India” is the new punchline doing the rounds in economic circles in the country. So, if you have not heard it yet then better get up to date because this may well become a slogan in the coming days. The past week saw a bullish market on a resurgent streak piggybacking on positive global and domestic cues.

Rupee Depreciation - Where We Stand Now

Starting June, when the US initially gave signals that a rollback of its Quantitative Easing may be on the horizon, the emerging markets were sent into a tizzy with most of these currencies depreciating against the dollar with Foreign Investments flying out of these emerging market economies. India was no exception and hence we too felt the heat. The problem at home was multiplied by already high CAD, fiscal deficit and inflation giving us a perfect recipe for economic gloom.

India’s Banking Sector - Resilient Entity or Mute Spectator

In the recent times, the banking sector has been in the midst of a storm with the various PSU and private banks’ stocks seeing a lot of correction and their Q1 numbers not lifting the spirits either. The BankNifty index has experienced a fall of 20% and touched its lowest point of Rs. 8664.2 recently.

Weekly Market Update - 02 Sep to 06 Sep 2013

The past week showed some signs of volatility in the beginning with the market positive on the first day but tanking on the second day. But the game changed with the new RBI governor taking office and immediately making his intentions and objectives clear.

Fiscal Deficit - Ringside View to India's Economic Problems

India is facing the problem of high fiscal deficit. Many economists feel that this is the root cause of India’s present economic woes as the government’s populist policies and the RBI’s monetary policies are not exactly in-sync with each other. In this post we present a simplistic explanation of fiscal deficit and what is the problem with high fiscal deficit in the Indian context.