Market Update

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Rally in equity continue, rupee stable

By Mukesh Variyani| August 12th, 2016|Market Update|

Rally in equity continue, rupee stable The world equity markets continued the rally, with all US indices making 52 week highs. The rising crude oil prices on comments from Saudi Arabia to freeze the output has led to crude oil price upwards. This has fueled the risk-on rally in the equity indices with Asian [...]

Rupee steady ahead of RBI policy meet

By Mukesh Variyani| August 9th, 2016|Market Update|

Rupee has opened almost flat ahead of RBI monitory policy announcement today. Even though market is not expecting any change in policy rates, the statements will be important.

BOE eased rates and increased QE

By Mukesh Variyani| August 5th, 2016|Market Update|

BoE eased rates in the policy meeting yesterday, providing the market much needed liquidity fuel to continue momentum. Equities stage sharp recovery.

GST gets green flag from Congress, the markets unchanged

By Mukesh Variyani| August 2nd, 2016|Market Update|

GST gets green flag from Congress as outcome of the meeting with BJP yesterday. However, market reaction was fairly muted with rupee opening almost flat.

BoJ Easing falls short of expectations

By Mukesh Variyani| July 29th, 2016|Market Update|

BoJ Easing the monitory policy fell short of market expectations, as key rates and total asset purchase left unchanged. Only ETF purchase target revised to JPY6 trillion from earlier JPY 3.3 trillion.

Modestly hawkish FED not able to lift the dollar up

By Mukesh Variyani| July 28th, 2016|Market Update|

The FED kept the benchmark interest rates unchanged in line with market expectations and noted “Near-term risks to the economic outlook have diminished”, keeping the room open for September rate hike.

Risk on sentiment dampened ahead of FED meeting

By Mukesh Variyani| July 26th, 2016|Market Update|

Risk on sentiment dampened ahead of the 2-day FED meeting that begins today, on worries FED can sound more hawkish than dovish in light of strong economic number reported by US in past month.

ECB keeps the room open for future stimulus

By Mukesh Variyani| July 22nd, 2016|Market Update|

ECB kept the key rates unchanged, but keeps the room open for future stimulus when more data on impact of Brexit on Eurozone is available.

US Dollar firms on strong US economic data

By Mukesh Variyani| July 20th, 2016|Market Update|

US dollar firms against most currencies, DXY trading above 97 mark on strong US economic data. Weak data from Europe also push investors to safety.

India’s trade deficit widens

By Mukesh Variyani| July 18th, 2016|Market Update|

India’s trade data released on Friday after market hour shown the trade deficit has widened to $8.12bn in June compared to $6.27bn in previous month.

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