Pandemic crushes economic growth like an empty tin can…

The data from the US reveals severe economic stress with 26 million people applying for unemployment benefits. This is about 15% of the US workforce. All the major indicators from retail sales to mortgages and industrial production, all point towards rapidly deteriorating economic conditions. This is the reality for the month of March, and April […]

Gold set to have a good day….

Gold has benefitted from the uncertainties in the global economy resulting from the spread of the pandemic. Uncertainties always give a push to gold prices as investors who flee excessive volatility take refuge in safe-haven assets like gold and dollar. Even otherwise, gold had a relatively good runduring course of the last one year mainly […]

The Market Podcast | D-Street welcomes stimulus measures but could retest lower levels

Tune into the Market podcast It has been a rollercoaster week for investors, but bears seem to have gained control once again. The Nifty50 fell 1.3 percent for the week ended May 15. The fine print of the Rs 20 lakh cr stimulus measures unveiled by Prime Minister Narendra Modi is positive but, might not […]

Emerging Stars

The economic cycle follows a pattern of boom and bust; every boom period lays the foundation of down cycle and vice versa. A look at the economic history indicates that every single time the trigger points of a down trend have been fairly diverse, whether it be tech bubble, excesses or leverage of the financial […]

IIP: Growth Sees Sharp Contraction

The IIP growth witnessed a sharp contraction of 16.7% for the month of March 2020, as compared to 4.6% in the preceding month and 2.7% recorded during the year ago period. While street estimates expected a contraction in IIP growth, the actual numbers were worse than expectations. The corona virus pandemic affected the production facilities, […]

Food Inflation Spikes Amidst Lockdown…

The National Statistics Office (NSO) in its CPI press release, provided index numbers for select sub-groups whereas headline inflation numbers were not declared owing to nationwide lockdown hindering the process of data collection. The data collection activities have been suspended with effect from 19th Mar’20. The inflation data for only such commodities or services sub-groups […]

Government Borrowing Program

The GOI has revised the borrowing program for the current financial year from the original estimated gross market borrowing of Rs.7.80 lakh crore to Rs.12 lakh crore. The press release states that this revision is due to the COVID-19 pandemic. The pandemic has two-pronged impact on government finances. The first is the revenue impact. The […]

No scope for bigger stimulus from govt, but RBI support to continue

The earlier the containment is achieved the better it is for economic activity to start and the repairs to be done at an early date. I do not see scope for any major measures coming from the government. The government finances do not permit much spending, Joseph Thomas, Head Of Research at Emkay Wealth Management […]

Product Note – Arbitrage Fund

Arbitrage Funds, Now? Most often the short-term investment landscape is dominated by overnight funds, liquid funds, and ultra-short tern funds. In the recent past due to volatility in the short-term rates some of these schemes except overnight funds have given occasionally negative returns. While such volatility may be a very short-lived phenomena, quite often the […]