March Trade Data

Trade Deficit narrows, but is it sustainable?   The March Trade data announced during the week had some major positive indications. The exports showed a positive trend on a month-on-month basis while imports of gold were down. Trade deficit came down substantially to a little above $5 billion and is almost entirely compensated by the…

Sun Edison Falls

What it means for the future of Solar Energy…   Nearly a decade and half before Sun Edison went bankrupt another quasi-power company by the name of Enron had also filed for bankruptcy. Like the modern day Sun Edison, Enron too was a darling of the stock markets and had notched up phenomenal growth in…

Reliance Q4

Continues to impress on the margins front… The Reliance fourth quarter results announced on Friday were much better than street expectations. This was partly due to the lower expectations that had built around the fourth quarter. A profit of Rs.7380 crore was slightly above street expectations. The two things that were really commendable about the…

Chinese Steel

The glut of Chinese steel is much bigger than you can imagine…   Steel companies the world over are bleeding. The decision of Tata Steel to sell off its UK long products business is just symptomatic of the larger problem that steel companies the world over are facing. In another related event, thousands of workers…

Monsoon Mania

Why is Indian equity markets obsessed with monsoons?   The rally last week was largely attributed to optimistic monsoon estimates. This year, both the IMD and SKYMET have given an optimistic view on the monsoons and have estimated it to be above average with a high level of probability. But as we have seen in…

Buying Back Shares

Why Wipro’s buyback of shares is highly significant..   When Wipro announced that it will be considering a buyback of shares during its meeting on 20th April, it aroused a lot of interest. Buybacks are nothing new and in the last fiscal alone Indian companies have bought back shares to the tune of Rs.1700 crore.…

Monetary Policy

Looking beyond the obvious repo rates…   When the RBI announced its monetary policy on April 05th, the focus was obviously on the extent of rate cuts. To be fair, the monetary policy is supposed to be more far-reaching and indicative than just interest rates. To that extent this monetary policy has been significant in…

Balanced Funds

They have been the real star performers among mutual funds…   Most mutual fund investors tend to look at the mutual fund industry as a discrete choice between equity and debt funds. Between the two there are balanced funds which have delivered a stellar performance in a variety of market conditions. According to data put…