markets

The accidents have started

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The failure of SVB was due to idiosyncratic reasons, but shows how higher rates can expose fault lines in unforeseen placesNeelkanth Mishra | Last Updated at March 13, 2023 22:54 IST This appeared in the Business Standard on March 14, 2023 (link). Over the past several months, as interest-rate expectations have risen rapidly, we have … Read more

Are Covid and the economy still linked?

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The pandemic, much less fatal than earlier feared, is now beyond control, but the economy can still be helpedNeelkanth Mishra | Last Updated at September 2, 2020 02:10 IST (This was published in the Business Standard: link) The Covid-19 pandemic count continues to grow in India, but most concurrent indicators of economic activity continue to … Read more

Stresses, known and unknown

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Global financial market stress driving market volatility; economic impact of coronavirus and drop in oil prices remain uncertainNeelkanth Mishra | Last Updated at March 15, 2020 23:06 IST (This was published in the Business Standard: link) Global markets are in turmoil. Some volatility is normal: Existential issues generally crop up every year or two, causing … Read more

Why elections don’t impact markets

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Besides the difficulty in predicting election results, there are four other reasonsNeelkanth Mishra | Last Updated at April 3, 2019 00:06 IST (This was published in the Business Standard: link) What do you think will happen in the elections? This is a question that comes up in every investor meeting these days. I usually start … Read more

Why yuan matters

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Indian equity markets are turbulent due to high foreign ownership and the renminbi uncertaintyWritten by Neelkanth Mishra | Updated: January 28, 2016 12:00:12 am (This was published in the Indian Express: link) In an article last month, ‘Lies and the Sensex’ (December 22), I had pointed to the risk of market volatility arising from the … Read more

Lies and the Sensex

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Why popular stockmarket indices are not an accurate barometer of the robustness of the Indian economy.Written by Neelkanth Mishra | Updated: December 22, 2015 12:09:36 am (This was published in the Indian Express: link) Headlines mislead sometimes (some would say at all times). The tyranny of the headline lies in its indispensability despite it being … Read more

At stake, in Bihar

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The election results in the state will impact the Indian economy’s prospects.Written by Neelkanth Mishra | Updated: November 2, 2015 12:59:28 am (This was published in the Indian Express: link) Should the ongoing Bihar elections matter to stockmarkets? A first glance at the facts suggests they shouldn’t. Bihar contributes just 3 per cent to India’s … Read more

Elections wont trigger revival

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Written Neelkanth Mishra | Updated: Dec 12 2013, 10:34am hrs (This was published in the Financial Express: link) As the dust settles around the state election results and the media hyperboles surrounding them, it is time to take stock of how they impact the economy and earnings. Given that the four states of Madhya Pradesh, … Read more