Wednesday, July 1st, 2009
INR @ 48.09 best Q in 2 years, but 1.65% down in June, Stocks best Q in 17 years, Bonds wait for Budget – Benchmarks change, Call below 1T but no cause to worry. Current Ac. Deficit 2.6% GDP.
US Consumer Confidence disappoints, but S&P best Q in 10 years
United Sprits PE, Shriram Properties IPO, Reliance [...]
Thursday, June 25th, 2009
On 23 June ’09, we came across the news that ONGC has made three oil and gas discoveries. First, the Natural Gas in the IE block in the KG basin. Second, Oil in Charada-3 in the Cambay basin. Third, Oil & Gas in Matar area in Vadodara district.
ONGC made 28 oil and gas discoveries in [...]
Friday, June 19th, 2009
Inflation for the week ended 6th June 09 came at -1.61%. It has happened for the first time since 1977 that we have a negative inflation. And this only evinced a smirk from most as for every man on the street, these figures have no meaning as they continue to pay more and there is [...]
Friday, June 19th, 2009
INR@ 47.13, Inflation negative, liquidity all time high, FII inflows but yields rise, Primary articles fall silently, Stocks Scare on retreat of tax breaks.US 10Y 13 BP in 1 day on borrowing, Tread Reversal – Strong US data $ rises? , Oil up on Nigeria and OPEC.IIFCL disburses 54 billion looks for more , UBS [...]
Thursday, June 18th, 2009
INR past 48, may rise as Eur recovers, Buy back and WPI to set direction for bonds, 5Y @ 6.61% .Advance tax 230 billion. Reliance falls on Gas.Fed rate hike fades on CPI , Global Economy better but far from good , Fed EX Corp disappoints, OPEC says no production. HDFC and HDFC BK to [...]
Wednesday, June 17th, 2009
NDF above 48, SGX Nifty down, RBI announces buyback, US yields fall.Russia says new global reserve currency , AUD in favour,
Federal and Catholic Syrian Bank to merge, IDBI asks gov. for equity, BSE turns down NSE to marry NEAT & BOLT, Westside to expand.
INR
INR @ 47.86 & is expected to ease on Wednesday, as the [...]
Tuesday, June 16th, 2009
INR@ 47.86 weak on $ strength and stock sell off , SGX 100 pt down , Exit the 10Y enter the 5Y ,
US manufacturing disappoints , Stocks crumble , $ zooms , commodities retreat – See- Saw
IPO season – Coal India and Yes Bank plan IPOs.
INR
INR looks set to drop to 3-week lows on Tuesday [...]
Monday, June 15th, 2009
INR@ 47.82 , on $ strength , SGX Nifty down , 4 Auctions up 25% 14 weeks rise in SENSEX , IIP 1.4% better than expected, Advance tax 400 billion. $ Zooms on weak Euro zone IIP , Dow in +ver territory. SEBI promoters share holding on scanner , Pfizer to buy Wokhardt , Suzlon [...]
Friday, June 12th, 2009
INR@ 47.48 rise on $ weakness , Inflation historical low 0.13% , IIP data eyed , Gilts may rally on US IR fall, Stocks Profit booking or rise US labor retail better than expectation , China retail and Manu. Good US 30Y Auction sails through yields fall , $ falls on good data as safe [...]
Thursday, June 11th, 2009
INR@ 47.35 , looks to stocks, Bond supply woes will liquidity offset, Stocks rise to 8M High, SGX Nifty flat, Credit offtake slow.
US 10Y tops 4%, Russia says IMF bonds over US Treasury, Oil zooms, Cu 8M High.
Service Tax back 12%, Citi Reduces NBFC asset book by 66.33% Kingfisher on debt spree.
RUPEE
INR @ 47.35 , [...]
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