INR opens weaker, NDF slide, Obama’s package vs. retail sales data, Wal Mart Results, Half a million job loss ,
Nickel down 9.8% , Oil slips on low demand , Bank of England cuts by 50 basis
Tata shuts down truck plant for 6 days , Citi freezes Satyam accounts.
RUPEE
Ø INR opened weak at 49.05 on Friday Morning INR is to be weaker on Friday when trading resumes after a holiday, as concerns rise about capital...
THURSDAY markets closed : Satyam takes down the rupee and stocks, NDF rise, FII buy in 2009, 4.86 to 6.08 in 4 years the roller coaster called 10Y
RUPEE
Ø INR fell on Wednesday as a plunge in the equity market triggered by the country’s biggest corporate scandal in memory raised concerns of FII withdrawals, but broad weakness in the U.S. unit limited losses. INR closed at 48.80/81 , 0.3 % weaker than...
Posted by
tarun on Jan 7th, 2009 in
Banks,
Cement,
Consumer Goods,
Economy,
FMCG,
IT,
Industry,
Pharmaceuticals,
Power,
Telecom,
Textile |
0 comments
The much-expected RBI rates cuts and the second economic stimulus package has come and gone. Despite the announcements, the markets remained range bound because of the expected Q3 results from the next week.
Well, results are not expected to be good in most of the sectors. But there are some sectors, which have shown a positive trend and would post a good performance, providing the balance.
Among all sectors, the...
What is the difference between a person who starts taking bath if he accidentally falls into a river and a person who says that “O” is the last letter in Zero, instead of the first letter in Opportunity…well, a great difference. The former is Optimist and the latter one is Pessimist.
The terrible 2008 has gone and once we bid adieu to the previous year, the coming of New Year holds a bag of new hopes,...
Posted by
sandeep on Jan 7th, 2009 in
Currency |
0 comments
2008 has been an exceptionally active year in the foreign exchange market as currency volatilities hit record highs. In the first half of the year, everyone was worried about how much further the dollar would fall but in the second half of the year the concern became how much further the dollar would rise. After hitting a record low against the Euro in the second quarter, in the beginning of the fourth quarter,...