-
Investor wariness seen rising over Sebi chief ‘s appointment
The regulatory authority, whose primary aim is to take care of the interests of small investors, is itself under the Supreme Court scanner on the appointment of its current chief UK Sinha. A public interest litigation (PIL) filed against the appointment is now being looked into by the SC with #Chidambaram #Pranab Mukerjee #SEBI #UK Sinha
-
India’s (ir)relevance in global economy
The world’s largest company by market capitalisation, Apple sold 5 million of its latest product iPhone 5 in just over three days. The phone was sold primarily in the US, Europe, parts of Asia and Japan. It will be launched in China only one quarter later. The launch date for India #Corruption #Economy #India #Maruti Suzuki #Reforms #Scam #Walmart #WhyNow
-
It is still not time to take extra risks in the market
The sudden turnaround in Indian equity market sentiment has started tongues wagging about risk-on trades, high beta stocks and a shift out from defensives to risk stocks. The Sensex and Nifty have gained over 5.5 percent in the month to date while mid-cap indices have gained over 8 percent. The #Buy Or Sell #Market Sentiment
-
Mamata’s resignation will further spike markets
It is ironical that the resignation of a key ally of the UPA is spurring a surge in the Sensex, Nifty, rupee (INR) and ten-year government bond prices. The withdrawal of the support by Mamata Banerjee’s Trinamool Congress to the government has the potential to throw the country into a #Mamata Banerjee #markets #S&P #TMC #UPA #WhyNow
-
Why markets may love the new, improved Chidambaram
Finance Minister P Chidambaram is talking the right language, sending out the right signals and doing the right things and the markets are loving it. The Sensex and Nifty are at 2012 highs, the Indian rupee is up over 5.5 percent from the lows of 2012 and Indian government bond yields #MarketWatch #nifty #P. Chidambaram #Sensex
-
RBI is giving positive signal; repo cut may come in Oct
The CRR (Cash Reserve Ratio) cut by the Reserve Bank of India (RBI) in its mid-quarter policy review on 17 September is a signal rather than any concrete action on inflation or growth. The CRR cut will infuse around Rs 17,000 crore into the system and this infusion is not #CRR #Monetary policy #RBI #Repo rates
-
Why Sensex 20,000 and 5.5% GDP growth are compatible
The headline itself is an anomaly. The Sensex, which is currently at levels of 18,500, is expected to move up by another 8.1 percent to the 20,000 levels in the next few months. GDP growth, which is forecast at 6.7 percent by the government and 6.5 percent by the Reserve Bank #GDP growth #Market Watch #Repo rates #Sensex
-
Opponents of diesel price hike eye personal gains
The reaction to the Rs 5 diesel price increase has been predictable. Financial markets have embraced the much needed hike with gains of more than 2 percent in the Sensex and Nifty, six basis points fall in 10-year government bond yields and a 1.5 percent gain in the rupee against #Diesel Price HIke #GDP growth #IIP #RBI #WhyNow
-
Investors should position for a resurgent USD
The book by Ro Khanna, The Entrepreneurial Nation, which was reviewed by Firstpost, is released at the right time. It talks about the US coming to the forefront of the world economy and all indicators point to the US resurgence. This is especially true over the last one #"Fiscal Cliff" #Ro Khanna #The Entrepreneurial Nation #WhyNow
-
The rupee’s fall is a telling comment on UPA’s failure
Did we need The Washington Post to tell us about the inefficacy of the present government? The performance of the Indian rupee is enough for the world to know that there is something wrong with the country’s economy. The Washington Post article is similar to that of the rating agencies #Current Account Deficit #fiscal deficit #rupee-dollar #SmartMoney