Laying the ground for energy independence

If we were to plot the “per barrel” going price of Brent Crude oil on a chart, it would by far unnerve even the most seasoned analyst. The crude prices have been falling rather steeply over the past two years, from a high of around $110 in April 2014, to hovering at around $30 in January 2016. It certainly isn’t the ideal picture. And just when you increase the timeline from two years to say a decade, another pattern emerges. The price of crude oil is cyclical Thus, even if one rejoices in the moment when the oil prices are the lowest that we’ve seen in a very long time,  it is not going to stay this way for long.

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ICICI sheds 10%+ in a week as investors seek safer bank stocks

ICICI Bank   shares have plummeted over 10 percent in just a week since it reported a steep 76 percent dip in fourth quarter profit, due to exceptional provisioning of Rs 3,600 crore. However, even as most broking houses have downgraded earnings estimate for the bank, they continue to hold a positive view on the stock over the long term. They concede though that shares could stay pressured in the near future due to negatives such as pre-provision operating performance (PPOP) weakness, expected high provisions on account of potential slippages, higher credit costs and lower fee income. 

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