TMSEp221: Service price, FMCG recovery, Reliance Industries, pullback rally

Surprise has almost become an inherent part of our bill payments. Usually there is a marked difference between the charges that we are promised at the beginning, and what we shell out at the end of the service, whether we are dining at a restaurant, booking an air ticket or purchasing a movie ticket online. We ask if regulatory intervention is required to ensure price transparency.

Things seem to be looking up for stock markets too. Nifty closed above 16,600 on Thursday while Sensex gained 284 points. Meanwhile, shares of Reliance Industries seem to be at crossroads. On one hand, the government has slashed windfall tax on fuel exports. On the other, Singapore Gross Refining Margins are down from a peak of 30 dollars a barrel to just about 4 dollars a barrel. This, analysts fear, may evaporate the conglomerate’s ‘abnormal’ profits in Q1FY23. Take a dive into the road ahead for RIL.

Markets tend to witness pullback rallies or reversal, after witnessing steep one-sided moves. This episode of the podcast will help you understand the three key parameters to identify a pullback and how can you use it and for, both, short-term and long-term gains.