Tag «Amar Ambani»

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 …

14th May, 2013 : Market ends choppy session on a whimper

The equity market ended Tuesday with marginal gains after Monday’s profit booking. The indices, which opened with a positive gap, managed to build momentum in the first half of the day. However, it slipped from the day’s high after the wholesale inflation data for April trickled in. Market participants seemed to have already factored in …

13th May, 2013 : April deficit shocks, mkt shivers

After hitting a new calendar year high and surging past the 6100 mark in Saturday’s special trading session, profit-booking gripped the Nifty. It fell sharply in trade today registering its biggest intra-day percentage fall since May 8, 2012. Higher-than expected trade deficit numbers for April was all that the markets needed to free fall – …

3rd May, 2013 : Hawkish RBI; bearish market

We must accept finite disappointment, but never lose infinite hope — Martin Luther King, Jr. Some disappointment was always on the cards especially after the RBI released its Macroeconomic  and Monetary Developments report in 2012-13. Friday turned out to be more of a damp squib with the Reserve Bank of India turning out a token …