Review of S&P CNX NIFTY as of 16/1/2009 (weekly basis)

Open 2,868.8501 High 2,869.2000 Low 2,701.7500 Close 2,828.4500 Change -44.5500 (-1.55%) A black body occurred (because prices closed lower than they opened). During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 21 white candles and 29 black candles for a net of 8 black candles. A long lower shadow...

Dawn of 21stJan09

Rupee falls FIIs sell 600 million in month, Bonds rally , Stocks fall Wipro sounds warning bells, Call ample surplus of 49,000+ Cr Obama welcome with stock slide , Euro zone recession : USD 7.5 yrs high against euro , copper slips , Oil rises on short covering, Radico Stake Sale, DLF restructures, Educomp accounts under scanner Rupee Ø      INR dropped to more than 1M lows in opening deals on Wednesday on...

Dawn of Jan 15th 09

Rupee weakens, FII sell $310 Min 09, 10Y retreats 113 bp volatility in a week, RBI buys back MSS , HDFC net up 45% up falls on NPAs GLOOM RULES: HSBC needs 30 billion, Retail sales, Citigroup , Japan Machinery orders, Oil , Copper all crash, Greece downgraded Unitech capital restructuring, trains to run on CNG, Nuclear Power Bonds RUPEE Ø INR is expected to start weaker on Thursday as weak regional stock...

CORPORATE FRAUDS AND INDIAN STOCK MARKET

Corporate frauds have exploded in India and have become a phenomenon. From Harshad Mehta to Ketan Parekh, to Madhavapura Co-operatives in 2002 to the CRB scam involving Roop Bhansal and further down to the initial public offering scam — popularly known as the Rupalben scam in late 2005 to the latest one Satyam’s fraud, it is a familiar story of a few corporate heads indulging in creative accounting with the...

Dawn 0f 13th Jan09

Rupee falls , 10Y 41 BP in 1 day on no aution, Govt Support again Satyam jumps 44% , Infosys, IIP 2.4, Credit declines for 5 fornights Global Rout, Non Fe Melts , Oil Slips , Cannon declares loss, optimism wanes. Investors demand refunds from realty, Tata Tele sell stake for working capital , IDBI home finance for sale RUPEE Ø INR extended its fall in afternoon trade on Monday as USD demand from some...