Inflation Recession

Inflation zooms-Recession looms

Markets are trading with a negative bias as index is around 16000 NIFTY levels. Higher interest rates & inflation globally have led to fears of recession. Fed is again meeting on 25-26th July for another round of rate hike while RBI will meet in August. Given the high inflation print another 75-100 bps hike is …

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Section 54F

Want to buy a house by redeeming mutual fund investments?

Are you planning to buy a residential flat by investing the redemption proceeds of mutual fund investment? Will you be able to claim capital gain exemption if you reinvest the redemption proceeds for buying the second residential flat or claim the benefits a second time ? Well the answer is –  Section 54F of Income …

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inflation spooks markets

Runaway inflation spooks markets

Markets are trading with a negative bias as index hit fresh 52-week lows ~15,300 NIFTY levels. Higher interest rates & inflation globally have led to fears of stagflation. RBI increased repo rate by 50 bps on 6th June while FED increased rates by 75 bps on 15th June, the highest hike since 1994, to control …

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stagflation

Universal Stagflation

Markets corrected sharply over the last fortnight as higher interest rates & inflation globally have led to fears of stagflation. Stagflation refers to an economy that has inflation, a slow or stagnant economic growth rate, and a relatively high unemployment rate. It presents a dilemma for economic policy, since actions intended to lower inflation may exacerbate unemployment. …

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RBI rate hike

RBI Policy Review – No more accommodative

In an off-cycle meeting, the RBI raised the policy rate by 40 bps to 4.40%. Consequently, the SDF rate was increased to 4.15% and MSF rate to 4.65%. Yesterday’s surprise move is perhaps instigated by a couple of factors. Firstly, the 50 bps FED rate hike which came yesterday night. Secondly, the upcoming April inflation …

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Inflation global

Global Inflation drives G-Sec yields

Markets have been range bound over the last month as inflation increased leading to increase in 10 year G-sec rates globally. NIFTY & SENSEX were up 19.4% & 17.5% in FY 22. This move has largely been driven by DIIs due to strong inflows into mutual funds which offset strong FII outflows over last year. …

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Jindal Drilling

Jindal Drilling & Industries Ltd – Drilling deep

Jindal Drilling & Industries Limited (JDIL), a part of the D.P. Jindal Group, is a leading company in offshore drilling in India’s Oil & Gas sector for over 30 years.  It provides horizontal and directional drilling services, using positive pulse telemetry based MWD systems and steerable downhole mud motors. JDIL, in Nov 2021, acquired an …

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Ukraine Russia

Russia shoots down Ukraine & markets

Markets corrected over the last month due to the Ukraine Russia conflict which has been going on for over a fortnight now. We expect markets to remain volatile till we have a resolution in place. Going ahead inflation remains the primary concern as crude is above $100/bbl. Corporate earnings need to improve in subsequent quarters …

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Global Inflation

Global inflation spooks markets

Markets corrected marginally over the last month partly due to rise in global inflation & talks of interest rate hikes. Markets have corrected ~10% from all time highs. We expect 2022 to bring significant relief & hope for everyone due to economic revival, though inflation remains the primary concern. December quarter earnings have been mostly …

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