RBI has cut repo rate by 25bps citing weak private by Mr. Kunal Shah - Kotak Mahindra Old Mutual Life Insurance Ltd.

Below is the view on Monetary Policy announcement by Mr. Kunal Shah, Fund Manager, Debt at Kotak Mahindra Old Mutual Life Insurance Ltd.

“RBI has cut repo rate by 25bps citing weak private investments amid lower capacity utilization. This will aid the government’s effort in fiscal consolidation, reduction of interest rates on small savings instruments

Will await monsoon clarity and Fed outlook to form our view on the next rate cut by Mr. Murthy Nagarajan - Quantum AMC.

Below is the view on  Monetary Policy by Mr. Murthy Nagarajan , Head-Fixed Income ,Quantum AMC.
 
“The RBI rate reduction was as expected but its measures on liquidity is an attempt to improve and speed up the transmission. Its move to bring system liquidity to neutral along with the narrowing of the corridor to 50 bps and CRR maintenance @ 90

Expert Views: RBI cuts policy rate by 0.25 percent

MUMBAI  - The Reserve Bank of India cut its repo rate by 25 basis points to 6.50 percent on Tuesday, making a widely expected first reduction since September to bring the rate to its lowest in more than five years.

But in a surprise move, the RBI also raised the reverse repo - or the rates lenders charge to the central bank - by 25 basis points to 6.0 p

RBI expected to cut rates next week as inflation dips: Reuters poll

By Aaradhana Ramesh
Falling inflation will give the Reserve Bank of India (RBI) room to cut interest rates at a policy review on Tuesday, and cut them again by September, before holding steady to assess the impact of the upcoming monsoon season on food prices, a Reuters poll found.

RBI Governor Raghuram Rajan led an aggressive cycle of policy easing last year, slashi

Allowing FDI in commodity broking is a very progressiveBy Mr. Jayant Manglik - Religare Securities Ltd.

Below is the view on  brief note by Mr. Jayant Manglik, President, Retail Distribution, Religare Securities Ltd.

Allowing FDI in commodity broking is a very progressive step by the government and will lead to a change in the way business is done. It highlights the importance of commodities and is an indication that the government wants this sector to gr

Most Japan firms unhappy with central bank's negative rate policy - Reuters poll

By William Mallard

TOKYO - Some Japanese firms, facing the possibility of negative interest rates on their deposits, would consider stuffing their cash in a safe rather than pay to keep it in the bank, a Reuters poll found, in what would be an unintended and unwelcome side-effect to the country's new monetary policy.

While the bulk of co

Interview: National Stock Exchange sees 'strong pipeline' for IPOs

LONDON - The National Stock Exchange of India (NSE) expects to see a good number of initial public share offers (IPOs) this year across a variety of sectors, its chief executive Chitra Ramkrishna said on Tuesday.

"Last year we had a good conversion rate from those that had done the preparatory work, and this year's pipeline looks promising from the

Highlights by sector - Thomson Reuters/INSEAD Q1 Asian Business Sentiment Survey

 - Optimism for the coming six months among Asia-Pacific's biggest firms picked up in the first quarter of 2016, tempered mainly by concerns about declining demand in China and excessive currency volatility, a Thomson Reuters/INSEAD survey showed.

The poll of 97 companies yielded a Thomson Reuters/INSEAD Asian Business Sentiment Index of 65 for January-March, from 5

Believe private banking, auto, IT & select counters from the capital goods to perform well By Mr. Jayant Manglik - Religare Securities Ltd.

Below is the view on  Weekly technical recommendations by Mr. Jayant Manglik, President, Retail Distribution, Religare Securities Ltd.

Nifty finally managed to surpass the key hurdle of 7600 in the passing week, thanks to supportive cues both from domestic and global front. All eyes were on the US Fed from the beginning and they announced widely expecte

With an imminent interest rate cut by the RBI, markets can move to 7800-7900 levels - Prabhudas Lilladher Ltd

Below is the view on US Fed Policy Announcement - Likely trajectory of Indian Market by Ajay Bodke, CEO - Portfolio Management Services, Prabhudas Lilladher Ltd

 

?"By reconciling to the Street View of only 2 rate increases in 2016 instead of its previous indication of 4 increases in Dec 2015, the Fed has acknowledged that eve

The WPI based inflation remained flat in Feb’16 at -0.9% (was -0.9% in Jan’16). - Religare Capital Markets Ltd

Below is the view on  WPI and CPI data  by Jay Shankar,  Chief India Economist & Director, Religare Capital Markets Ltd

The Wholesale Price Index (WPI) based inflation remained flat in Feb’16 at -0.9% (was -0.9% in Jan’16).

CPI is more of an inflation indicator on the radar of policy makers, even though it is WPI that is m

Singapore February exports seen falling from a year earlier: Reuters Poll

SINGAPORE  - Singapore's non-oil domestic exports likely declined in February, a Reuters poll showed, underscoring the headwinds the city-state's economy faces from sluggish global demand.

Non-oil domestic exports in February fell 2.6 percent from a year earlier, according to the median forecast in the survey of 13 economists.

T

We need a decisive break above 7580 in Nifty for the next leg By Mr. Jayant Manglik - Religare Securities Ltd

Below is the view on  Weekly technical recommendations By Mr. Jayant Manglik, President, Retail Distribution, Religare Securities Ltd.

Markets spent the entire week in a range and closed almost flat, in absence of any major events. However, global developments and some policy announcements by the government, helped traders to find opportunities and kept them

Raghuram Rajan to wait until April to cut rates again - Reuters poll

By Sumanta Dey

BENGALURU  - The Reserve Bank of India will wait a month to cut interest rates again, according to economists in a Reuters poll who mostly said New Delhi's latest fiscal deficit target looked optimistic.

Finance Minister Arun Jaitley committed to fiscal discipline in his Feb 29 budget, lowering the deficit target furt

There’s expectation that the RBI may now cut interest rate By Vijay Singhania - Trade Smart Online.

Below is the view on Today’s Market Quote By Vijay Singhania, Founder Director, Trade Smart Online.


“It’ll take at least a session or two for markets to digest the Union Budget announcements. Volatility will continue to keep traders on edge on account of global factors. The key levels are intact in Nifty and so is our negative view. We s

Expert views: Jaitley unveils a budget for the poor

MUMBAI/NEW DELHI  - Indian Finance Minister Arun Jaitley unveiled a budget for the poor on Monday, announcing new rural aid and health programmes in a strategy shift that could boost his ruling party in coming state elections.

COMMENTARY:

MACRO:


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RBI tightens SDR norms ; For SBIN, ICICIBC ,AXSB by Mr. Parag Jariwala, VP – Institutional Research, Banking and Financial Services - Religare Capital Markets Ltd

Below is the view on the recent RBI tightening of SDR norms by Mr. Parag Jariwala, VP – Institutional Research, Banking and Financial Services, Religare Capital Markets Ltd

RBI has tightened SDR norms yesterday late evening (IST). Key highlights are given below.
 
 

Summary and our view:

RBI ha

Expert views: India's economy to grow 7-7.5 pct in 2016/17 - Economic Survey

MUMBAI  - India's economy will grow by between 7.0 percent and 7.75 percent in the 2016/17 fiscal year that starts on April 1, the Economic Survey said on Friday, ahead of the presentation of the annual budget by Finance Minister Arun Jaitley on Monday.

India should also review its medium-term fiscal strategy, the government report recommended, an i

We currently have Buy rating on Ceat Ltd by Mr. Bharat Gianani, Sr. Research Analyst - Automobile - Angel Broking Pvt Ltd

Below is the view on Ceat Ltd 3QFY2016 Results by Mr. Bharat Gianani (Sr. Research Analyst - Automobile, Angel Broking Pvt Ltd)

“Ceat Ltd 3QFY2016 results were marginally ahead of estimates. Ceat consolidated revenues, expectedly declined 3% YoY to INR 1,380 cr. Subdued export sales coupled with increasing imports from China in the commercial vehicle segment

We maintain our Accumulate rating on Sun Pharmaceutical Industries Ltd by Ms. Sarabjit Kour Nangra, VP Research - Pharma - Angel Broking Pvt Ltd

Below is the view on Sun Pharmaceutical Industries Ltd by Ms. Sarabjit Kour Nangra (VP Research - Pharma, Angel Broking Pvt Ltd)

Sun Pharmaceuticals (CMP:  INR 848/ TP: INR 950 / Upside: 12.0%)
 
“Sun pharmaceuticals posted results much better than expected on the OPM front. The company posted sales of INR 70

We currently have Accumulate rating on Hero MotoCorp Ltd by Mr. Bharat Gianani, Sr. Research Analyst - Automobile - Angel Broking Pvt Ltd

Below is the view on Hero MotoCorp Ltd 3QFY2016 Results by Mr. Bharat Gianani (Sr. Research Analyst - Automobile, Angel Broking Pvt Ltd)

“Hero MotoCorp 3QFY2016 results were marginally ahead of estimates. Revenues expectedly grew 7% YoY to INR 7,295 cr. Volumes grew marginally 3% YoY led by the festive demand. Realisation per vehicle grew 4% YoY mainly due t

We would review Mahindra and Mahindra Ltd by Mr. Bharat Gianani, Sr. Research Analyst - Automobile - Angel Broking Pvt Ltd

Below is the view on on Mahindra and Mahindra Ltd (M&M) 3QFY2016 Results by Mr. Bharat Gianani (Sr. Research Analyst - Automobile, Angel Broking Pvt Ltd)

“M&M 3QFY2016 numbers were below estimates given the lower than estimated margins in the tractor segment and higher depreciation charge. For (M&M+MVML), revenues grew 15% YoY to INR 10,466cr (sl