NIFTY GETS PAST THE 11,500 MARK

  • Achiievers

There was a sharp rally in the Nifty on Monday as Tata Group stocks and Hindalco led the rally. However, the real thrust came from L&T after it announced the buyback of shares to the tune of Rs.12,300 crore. With L&T announcing a buyback...

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It was a day of sharp gains in the Nifty

  • Achiievers

It was a day of sharp gains in the Nifty, which gained over 70 basis points on Monday to close about the 11,550 mark. The rally was led by heavyweights like Tata Motors, Tata Steel and ONGC. But the real thrust came from L&T in the aftermath of the...

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Q1 Results

  • Achiievers

But for SBI, corporate India would have fared much better… An interesting study by Bloomberg Quint highlighted that the EPS for the Nifty 50 companies at the end of the first quarter stood at Rs.114. Ironically, this EPS would have been at a more impressive...

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Rupee at 70

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Can it really get much worse from these levels After testing the 69/$ level consistently over the last few weeks, the INR finally breached the 70/$ level during the week. Whether it will be a new normal, will have to be seen in the next few weeks, but...

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RIP Atalji

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Vajpayee’s big economic impact is rarely spoken about… When we talk of economic reforms in India, the focus is normally on Dr. Singh and Mr. Narasimha Rao. While they certainly pioneered the reforms process in India under pressure from the IMF, the...

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Rupee has lost (-9.84%) YTD

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Rupee has lost (-9.84%) YTD and emerged as the worst performing Asian currency with the Philippine Peso at (-6.6%) slightly better. Apart from the dollar strength and the Yuan worry, the INR has also taken a hit due to rising trade deficit and the current...

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NIFTY RALLIES ON FRIDAY ON THIN VOLUMES

  • Achiievers

With too many settlements clubbed due to holidays, the Nifty traders were slightly subdued on Friday leading to delivery buying taking the markets top higher levels. For now the 11,500 level may be a brief resistance for the Nifty. The total Nifty...

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Blog | NIFTY CAN EXPECT A WEEKEND BOUNCE

  • Achiievers

The speculative impact may be much lower on Friday with the next two settlements being clubbed due to holidays. Lack of speculation may ensure that markets stay higher on Friday. The total Nifty EPS for the first quarter at Rs.114 provides an annualized...

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