Equity Fund Flows

Flows continue unabated in Feb despite the LTCG overhang… At a time when the markets were worrying about the impact of LTCG on the equity fund flows, AMFI data for February shows otherwise. Consider the statistics. During the month of February, equity funds and ELSS schemes saw a net inflow of Rs.16,300 crore with more…

Crude Oil Prices

Shale output could hold the key to future oil prices… Between July 2017 and January 2018 the price of Brent Crude went up from $45/bbl to $70/bbl. While the price has toned down to $64/bbl, oil analysts are betting on oil prices staying elevated till the year 2020. Here is why! Supply cuts to continue……

Fugitive Legislation

The Draft Bill is far-reaching but should not be misused… In the immediate aftermath of the $2 billion PNB fraud caused by Nirav Modi of Firestar Diamonds, the government has approved the draft of the Fugitive Economic Offenders Bill in the cabinet. This is a far-reaching bill and gives the government broader powers to punish…

GDP Q3 Estimates

There is a bounce, but now it needs to sustain… The GDP estimates for the third quarter of the financial year came in at 7.2%. That is a sharp rise from 5.7% in the first quarter and 6.5% in the second quarter of the year. While the bounce in GDP estimates is evident, there is…

Jio in the Black

How Jio reported profits in 15 months flat… When Reliance Jio, the telecom arm of Reliance Industries, reported a net profit (you heard it right) in 15 months flat, there was already a sense of anticipation. The company had reported an operating profit but a net loss in the September quarter. For the quarter ended…

Sector-Picks 2018

What will be the key sectoral stories to watch out for in 2018? Come year-end and the general question is, “What about markets”? This time will be no different. Let us look at 6 sectors that will be big stories in 2018… Agri-Sector – Well, the BJP is taking no chances after Gujarat. You can…

Gujarat Verdict

What are the key takeaways from the Gujarat election outcome? Despite the vagaries of the Gujarat counting last week, the results were largely along expected lines. One can argue that the BJP’s victory margin was narrower than expected, but that was to be expected after 22 years in power. So, what are the key takeaways?…

Trade Data

Exports flatter but trade deficit remains a major worry… After a disappointing first 6 months of the current fiscal, the trade data for November finally showed a semblance of recovery. Of course, imports were higher but exports grew much faster. However, the trade deficit continues to be at elevated levels and that remains a major…