Tag «2013»

AISI – Weekly Raw Steel Production – May 25, 2013

  In the week ending May 25, 2013, domestic raw steel production was 1,850,000 net tons while the capability utilization rate was 77.2 percent. Production was 1,970,000 tons in the week ending May 25, 2012, while the capability utilization then was 79.2 percent. The current week production represents a 6.1 percent decrease from the same period in …

Comments on market by Mr. Amar Ambani, Head of Research, IIFL – 24th May, 2013 – Mkt snaps 4-day losing streak, Nifty ends below 6K

24th May, 2013 : Mkt snaps 4-day losing streak, Nifty ends below 6K The market snapped out from its four-day losing streak on Friday shutting shop with marginal gains. However, the Nifty ended below the 6,000 mark. After Thursday’s crash, the benchmark indices opened with a positive gap following a sharp rebound in the US …

Result Update: JSW Steel Ltd (Q4 FY13) – 24th May, 2013.

JSW Steel Ltd (Q4 FY13) – Market Performer CMP Rs688, Target Rs702, Upside 2%   ²      JSW managed to report strong quarterly numbers during Q4 FY13 on the back of strong volume growth, decline in raw material costs and stable realizations. The company managed to report a jump of 12% qoq to Rs92.9bn, quite higher …

21st May, 2013 : Weak Rupee leaves Nifty cold

It was a highly-volatile market session with indices ending near the day’s low. This is the second straight day of losses for the benchmark indices. Sentiment was dampened after the rupee depreciated 30 paise against the dollar, touching a three-month low of 55.2975. Selling pressure further intensified as investors tracking weakness in the European markets …

17th May, 2013 : Late spurt keeps Sensex, Nifty positive

The Indian equity market extended its rally for the fourth straight session even though the global rating agency Standard & Poor’s (S&P) affirmed BBB- rating for India with a negative outlook. Capital goods stocks which were underperformers in the current rally staged a comeback. Market buzz is that the government may kick-start  activities to push …