Indian exports are now getting stuck due to lack of containers The government released its broad data on October 2020 trade and the first take is that exports have actually fallen in the month on a yoy basis. What is ever so disappointing is that the trade deficit has widened back to $8.8 billion in…
It is high time, but institutional trades may be the challenge During the last meeting of SEBI, it once again hinted at moving towards T+1 settlement for stocks. Essentially, it means that trades executed would be settled on the next trading day, against the T+2 formulas being followed now. The idea is welcome, but it…
Some IPOs are doing better and there is a method to the madness Initial Public Offerings (IPOs) collected Rs.7500 crore in the month of Sep-20. As of September end, IPOs garnered more than Rs.22,000 crore during the year. If things go well, this could end up being the best IPO year after 2017; not counting…
Fiscal deficit may negate the benefits of current account surplus It was a week during which two major macroeconomic announcements by the government dominated the headlines. On 30 September, the current account balance for the Jun-20 quarter and the fiscal deficit for the first five months of this fiscal were announced. Here are some interesting…
It looks like IPOs may be back in favor after a long time It was a busy week for the IPO markets and it looks like the coming week would be a lot busier. With 2 IPOs completed in the previous week and 3 big IPOs slated to hit the market in the last week…
It could be the next big frontier for Indian sugar industry As another sugar season comes to end, the question is not about production of sugar or about consumption. The big story is that India could end up with sugar exports of 5.50 million tons this sugar season; which extends from the month of October…
New SEBI norms could bring a big shift in credit ratings business For a long time, the credit raters have been in the news for the wrong reasons; both in India and abroad. In India, the issue first came up back during Lehman crisis but Indian rating agencies really came under fire for downgrading Amtek…
Why stock markets are so excited about Modi 2.0 A market skeptic asked me after the results; why are markets so excited about Modi? He had a point. During the last 5 years, the Nifty gave an average return of around 9.5%, which is lower than the 11.5% CAGR that the Nifty returned since inception.…
What you must know before adding AMC stocks to your portfolio When HDFC AMC announced stellar numbers in the March 2019 quarter, the markets were abuzz with buying ideas. How good an idea is it to buy AMC stocks in the equity market? Of course, there are only two listed AMC stocks of Reliance and…
Should RBI cut rates further; MPC minutes show a clear divide The minutes of the Monetary Policy Committee (MPC) published during the week give a clear idea about the discussions within the MPC before the rate cut decision was taken. The MPC minutes document detailed discussions among the 6 members of the MPC and the…
