The Indian markets and the way the government and various regulators seem to be working are clearly testing the patient of most investors at this stage. The year started off with extreme pessimism and cheap valuations and we saw the markets move up sharply over the first few months in the hope of improvement in […]
Read MoreI was too bored to write on the Union Budget with a plethora of analysis available to everyone and also the fact that most of the things were analyzed threadbare by each and every one and in general the budget was taken as neutral to negative. The key figure that most disbelieve is the Fiscal […]
Read MoreOver the last few months as the economy has continued to stagnate and interest rates have continued to be high we have seen a spate of Corporate Debt Restructuring (CDR) references from Debt laden corporates. For a large number of analysts it was very apparent that this was imminent although the banks continued to feign […]
Read MoreYesterdays election results obviously were not taken positively by the markets as the leading party of the UPA at the centre did not perform well and the goldilocks scenario of the Samajwadi Party having to depend on the Congress for forming a government in Uttar Pradesh did not play out. This has led to apprehensions […]
Read MoreWe are aware and it has been discussed ad nauseaum about how the lack of decision making at the government levels has bought the investment cycle at a standstill. I think we will need to discuss more about the same after the 6th of March and the Union Budget. It is obvious that this part […]
Read MoreAs we all know the US Federal reserve has created a huge amount of USD liquidity with its quantitative easing policies where more than USD 1 trillion was pumped into the system. This has been accompanied by statements propounding the pledge to keep short term rates near zero for an extended period of time. This […]
Read MoreOver the last few days there has been an increased clamor for controlling the Fiscal Deficit by increasing taxes in the forthcoming Union Budget. In my view raising taxes in a slowing economy is a retrograde step that will create further headwinds for the economy and slow down growth. Indirect tax increases are also inflationary […]
Read MoreThe last year was a tough year for the Indian markets for more reasons than one. The impact of the US slowdown as well as Euro zone issues was generic to everyone globally, however the specific issues that were headwinds in the last calendar year are now providing tailwinds for the markets and it is […]
Read More