RBI In A Pause Mode - Angel Broking

Below is the views on First Bi-Monthly Monetary Policy By Mr. Siddharth Purohit (Sr. Equity Research Analyst- Banking, Angel Broking Pvt Ltd) 

 Dear All,   Please find below the views of Mr. Siddharth Purohit (Sr. Equity Research Analyst- Banking, Angel Broking) on First Bi-Monthly Monetary Policy:  “As on

Technical view of stock market By Swapneel Mantri - Sushil Finance


Nifty has been in fabulous upmove from the lows of 7900 to life time highs of 9200s. Going forward expect bullishness to continue with broad based participation coming from midcaps and smallcaps. Levelswise, correction to 9020-9090 cannot be ruled out. On the upside 9320-9350 remains target zone in short term. From long term point of view, cha

Expert views: RBI keeps policy rate on hold, eyes inflation risk

The Reserve Bank of India kept its repo rate at 6.25 percent for a third consecutive policy meeting on Thursday as it continues to guard against any potential flare-up in inflation and an uncertain global economic environment.

All 60 economists polled by Reuters had predicted the RBI's six-member monetary policy committee (MPC) would keep the repo rate at the same level since Octo

Rural jobs scheme: 3 northeastern states on top, two at the bottom

Three northeastern states -- Mizoram, Tripura and Sikkim -- topped the country in the just-concluded 2016-17 fiscal in providing work under a flagship rural jobs scheme while two others -- Manipur and Assam -- are at the very bottom in its execution, an official report has revealed.

While the rest of the country lags, Congress-ruled Mizoram topped for the first time in providing jobs

Stable currency most important for India: Expert

With India's macro economic stability making it an attractive destination for foreign investments, the country requires a stable rupee to maintain the current substantial level of foreign inflows, according to a foreign expert.

"Now they realise that India has macro-economic stability... and what has attracted more money to India is basically a strengthening rupee. I maintain

Production at 7-year low triggers sugar imports

 India's sugar production is set to plunge to its lowest levels in the last seven years, prompting the government to allow duty-free imports of 500,000 tonnes of raw sugar to balance the demand and supply ratio.

The estimates of production in sugar season 2017-18 (October to September) put this below the 20 million tonne mark, the lowest since 2009-10.

The productio

RBI likely to focus on excess liquidity management: HSBC

Expecting a status quo on the rates on the first monetary policy review of fiscal 2018 today, a foreign brokerage said the central bank is likely to announce liquidity management measures given the Rs 4 trillion glut in the market, reported PTI. "Around Rs 4 trillion of liquidity is sloshing around in the market. The RBI could use the policy day to outline a mix of measures to absorb exces

Will global giant Huawei finally shine in India this year?

As competition gets fierce and margins turn razor-thin in the evolving Indian market, Chinese smartphones makers are fast reworking their strategies to gain an upper hand. But the road ahead is full of uncertainties.

Take the case of Shenzen-headquartered company Huawei. One of the top three global smartphone vendors (the other two being Apple and Samsung), it is yet to create a rippl

Moody`s retains rating on SBI`s senior unsecured notes

Global credit rating agency Moody's Investors Service said it has retained its rating for State Bank of India's (SBI) senior unsecured notes after the issue size was increased by USD 100 million to USD 600 million. The issue is part of SBI's USD 10 billion medium-term note programme. "The upsize will be carried out from its London branch, and the bonds will be listed on the Sin

ACCHHE DIN are surely round the corner - Angel Broking

Below is the views on ACCHHE DIN are surely round the corner By Mr. Mayuresh Joshi (Fund Manager, Angel Broking)

The equity markets continued their upward momentum and closed at the all time high levels. Significant FII flows aptly abetted by DII contribution gave a leg up to the rally and stocks across varied sectors had a strong rally. Telecom

We maintain our NEUTRAL rating on Indoco Remedies Ltd - Angel Broking

Below is the views on Indoco Remedies Ltd By Ms. Sarabjit Kour Nangra (VP Research- Pharma, Angel Broking Pvt Ltd

  “The USFDA had inspected Indoco Remedies manufacturing facilities (Plant II & Plant III, L-32,33,34 Verna Industrial Estate Area, Verna, Goa), from August 31st  2016 to September 4th, 2016.As an outcome of this inspection, the facilit

Moody's assigns Baa2 ratings to OIL's proposed USD bonds

Moody's Investors Service, a global rating agency, has assigned a Baa2 rating to Oil India Limited's (OIL) proposed foreign currency senior unsecured bonds to be issued by Oil India International Pte. Ltd, a wholly-owned subsidiary of OIL. “The ratings outlook is stable,” says Moody’s in a report. According to Moody’s, the net proceeds from the bond issuance will

RBI to keep rates unchanged, next move likely a cut: Reuters poll

By Krishna Eluri

 The Reserve Bank of India (RBI) will keep interest rates unchanged at its meeting on Thursday and as inflation is below target while borrowing costs are more likely to fall than rise, a Reuters poll found.

In February, India's central bank was expected to cut rates but surprised markets by leaving them on hold and changed its stance to neutral from

India`s GDP growth to touch 7.6% next year: DBS

A DBS report has said that India's GDP growth is expected to pick up again to 7.6 per cent next year thanks to improving consumption, timely rains, higher public sector spending, and better export growth. According to the global financial services major, the ongoing reforms will strengthen the productivity part of growth and the country's GDP will benefit from India's favourable wor

RBI monetary policy, rupee, fund inflows to steer Indian equities

The monetary policy outcome of the Reserve Bank of India (RBI), movement of the Indian rupee and inflow of funds are expected to set the trend for the Indian equity markets during the trade week starting April 3.

Besides, the release of major global data, such as the minutes of the Federal Open Market Committee (FOMC) meeting in March, coupled with domestic macro-data -- Manufacturing

Slaughterhouse ban to hit leather goods industry, hit exports

Leather goods manufacturers, who have experienced a slump in raw material supply from domestic sources, fear that the Bharatiya Janata Party (BJP)-led Uttar Pradesh government's action against illegal slaughterhouses could hit supplies and raise prices.

They also say a "blanket ban" on slaughterhouses could defeat the purpose of the Make in India programme for th

SBI's proposed debt less likely to default at BBB- by Fitch

Fitch Ratings has assigned SBI's proposed debt instruments with a less default likelihood at BBB-(EXP) rating, reported PTI. The debt instruments constitute direct, unconditional, unsubordinated and unsecured obligations of SBI. Issue is expected to be of three year tenor and the notes are to be issued by SBI's London branch.

These instruments are rated at the same level of ba

Hard-brexit to push Pound in plunge mode By Mr.Prathamesh Mallya - Angel Broking

Below is the views Hard-brexit to push Pound in plunge mode By Mr. Prathamesh Mallya (Chief Analyst- Non-Agri Commodities & Currencies, Angel Commodities Broking Pvt Ltd):

“The British Prime Minister has finally triggered Article 50 by announcing her intentions via letter addressing to the European Council President. She has warned the Europe

Moody`s assigns Baa3 to SBI's USD note drawdown

Moody's Investors Service, a global rating agency, has assigned a Baa3 rating to State Bank of India's proposed USD denominated senior unsecured notes, issued under its USD 10 billion Medium-Term Note (MTN) program. The drawdown will be carried out from its London branch, and the bonds will be listed on the Singapore Stock Exchange. The outlook on the ratings, where applicable, is posit

Euro dips as price data further dampens ECB hike expectations

By Abhinav Ramnarayan

LONDON  - The euro dipped and bond yields hit multi-week lows on Thursday as easing inflation in Spain and Germany led investors to row back further on expectations of when the European Central Bank might tighten monetary policy.

The single currency dipped 0.3 percent against the dollar and the yield on Germany's 10-year govern

Moody's rates JSW Steel's proposed senior notes `Ba3`

Moody's Investors Service, a global rating agency, has assigned a Ba3 rating to the proposed senior unsecured notes to be issued by JSW Steel Limited. The ratings outlook is stable. Proceeds from the issuance will be used towards retiring some of the company's debt, funding capital expenditure and other purposes in accordance with the Reserve Bank of India's External Commercial Borr

Fitch assigns 'BB(EXP)' rating to JSW Steel proposed USD Notes

Fitch Ratings has assigned a 'BB(EXP)' expected rating to India-based JSW Steel Limited's (JSWS, BB/Negative) proposed US dollar senior unsecured notes, which the company states will be used for repaying foreign-currency debt, capex or any other purpose in accordance with regulations.

“The final rating is subject to the receipt of final documentation conforming to in

Stocks seen hitting record high by end-June on economic optimism: Reuters poll

By Kailash Bathija and Vivek Mishra

BENGALURU - India's benchmark BSE Sensex share index will scale a new record high by mid-year, according to strategists and brokers in a Reuters poll, who have upgraded their forecasts significantly from three months ago.

This more bullish view emerges from the poll despite widespread concern since the last Reuters pol

India's economic data not politically influenced, Arvind Subramanian says

HONG KONG  - India's chief economic adviser rejected the notion that official data was politically influenced as "utter nonsense", after surprisingly strong growth in the wake of a government ban on high denomination bank notes caused raised eyebrows among independent analysts.

Speaking to an investment forum in Hong Kong on Wednesday, Arvind Subram

Nothing alarming about US H-1B visa reforms, says Nasscom

Amid concerns over the US H-1B visa reforms, an official of IT industry association Nasscom on Tuesday said though there may be some challenges due to changes in the industry dynamics, there is nothing to be alarmed about.

"There is no concern. As much as we need them, they (the US) need us. That is what the Nasscom stand is all about. They do not have the manpower to replace us.