Tag «Head of Research»

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 …

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 …

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 …