Categories : Blog (249)

US Import tax confusion prevails

The surprise of the first working week of Trump's administration was how smooth it went, which was reflected in a record high in stocks, but a Thursday fumble could give the market second thoughts.   The bar for Trump's team was...

Forex trading game has changed

The trading game is always changing.   In general, the market focuses on economic data. Sometimes it's jobs, other times it's the consumer, inflation or growth. Another focus of the market is often central banks and interest...

The short-term costs of the withdrawal of high-denomination currency notes, while still being calculated, are well known. Reduced economic activity, as indicated by India's purchasing managers' indices falling below the 50-point mark in...

Political talks continue

Fundamentals and central bankers matter less than ever in the day to day of the markets. They will dominate again in the future but for now, something else is driving markets. It's mostly about politics now. The ebb and flow of Trump and...

Rise above Symbolism

Further from the Yesterday story on Soul of kashi........   The moment you exit from the Babatpur Airport in Varanasi, you see the modern symbol of development - A concrete six lane highway being constructed to link the city (30kms) with the...

The tremendous rise in banking system liquidity since Nov 8 has stretched​ the ​RBI's liquidity management capabilities. In early December, nearly a month after the government withdrew the legal​ ​tender status of 500- and 1,000-rupee...

Kashi (also Varanasi and Banaras) is widely known as the spiritual capital of India. Traditionally believed to be the chosen abode of lord Shiva, this city has significance for believers of Hinduism, Buddhism, Jainism, Sikhism, and the followers of...

The US dollar unwound a large part of its gains from late last week as the market raised an eyebrow at some early comments about the administration. The market is clearly focused on finding out how the rhetoric will turn into action.   Trump...

What if Trumpism actually works?

Take a moment and consider how the world will change if Trump's bite is actually as strong as his bark. The US could cut taxes, drop regulations and enact some genuinely protectionist measures.   In his inauguration he didn't sound like...

Change of President & volatility

There is no pivot. Trump isn't going to act differently as President than he did during the campaign. In his first two days of office, his spokesman made the bizarre claim that crowds were larger at his inauguration than Obama's and he...

As widely expected, the UK Supreme Court ruled that Parliament approval is needed to trigger Article 50 start the divorce proceedings with the EU.  The Court decided by an 8-3 majority that a bill needs to be submitted to both chambers,...

PM Day, FM Day......Budget Day

A few readers have highlighted that these days our writings are becoming very repetitive. We fully agree. But we have no regrets. We see it as an act of perseverance. The idea is to call attention of all the concerned. If only a few...

Shift the Paradigm - 2

LTCG exemption an anomaly   Evaluating holistically, the activity of buying and selling equity shares in secondary market per se does not provide any risk capital to the underlying businesses.   It in effect just...

Nifty: Setting stage for a move

Last week Nifty consolidated in a narrow range, ahead of the derivative expiry, and budget session of the Parliament. As such it looks much healthier.   The institutional trade volumes again appeared picking up, though net flows were...

Gold started off in 2016 with a bang but ended with little hope for most of next year. It gave the highest quarterly returns in over three decades in Jan-Mar 2016. The second quarter, Apr-Jun was also promising for gold. Ahead of British referendum...

Land of Five Rivers Drying up

Last week we travelled through the states of Punjab. The objective was to assess the political and economic situation in these states, especially in view of the Punjab assembly elections due early next year. Though Punjab elections are not as...

To Nainital via Buxar

In past two months we travelled through many expressways, highways, lanes, by-lanes, alleys, and trails in Uttar Pradesh and Uttrakhand. The experience was, as usual, enlightening and enthralling.   During our journey, we observed many...

Shift the paradigm - 1

Once there was this person who lived his life in complete indulgence. He loved to eat out, smoke, drink, often enjoyed late night parties and spent profusely. All was going on well, till the day his heart gave him first shock. The life suddenly...

Adroit Trading Portfolio - Suven Life Sciences Overview

China's PBOC gradually returns to the headlines as it's gripped by the increasingly complex task of defending a weakening currency without sending already rising yields higher. Why is this a dilemma?     CNY fell to 5-year...

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