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Dawn of 16th July 09

INR @ 48.63 stronger as $ falls on Global optimism, Borrowing Prog. Meeting on Thursday. F.Sec. says no ebbing of weekly borrowing , Cash a plenty , Stocks to zoom on global optimism.  Now US Manufacturing looks up, Fed says worst is over , Intel GS results , optimism returns . Oil rises on fall in stocks. IDBI , PTC  to tap ECM , Nano on road this month , Rabobank bids for Future group retailing...

Dawn of 15th July 09

INR @ 48.75 , Revised auction calendar by week end , Stocks set to soar on rains and global cues. Day of good tidings : SG economy shrugs of recessions & zooms , Australia best business condtions, US retail & producer prices better than expected , Goldman 33% surge in income in trading profits , INTEL cheers Sterlite , Suzlon , India Bulls , DLF on money raising spree , 42 VCs in line for RBI nod , Pizza Hut...

Dawn of 7th July 09

FM implies sovereign yield curve not to be used for pricing credit , Market Greets the budget with a free fall in INR , Bonds & Stocks. Sentiment Survey in Europe and China , pessimism returns : Oil falls 4% , cu falls 3% , Yen & $ rally on safe haven. Companies look to start producing petrol trucks.   INR INR @ 48.31 it fell 1.4 % on Monday, its biggest one-day drop in 3M, after the Gov. budget projected a...

Dawn of 6th July 09

INR @ 47.92 , BUDGET at 11 AM , Cut in subsidy and disinvestment watched , Bonds rally as borrowing worries seem to abate , Stocks resilient rise in spite of US Jobs. US Holiday but jobs still concern , Oil slips Cu falls  disappoints, DLF sells land , Lodha looks for PE , Shriram transport 10 billion NCD , Raymond downsizes , Air India cuts salaries.   INR INR @ 47.96 may edge up on Monday on lower oil prices and...

Dawn of 1st July 09

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 Power offload stake. Pension rules change   INR INR @ 48.10 but rose 5.9 % in April-June, clocking its...

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