Tag «Hindalco»

The Curuious Case of P C Parekh – Pratim Ranjan Bose

Was P C Parekh, the coal secretary of India during 2004-2005, a party to Rs. 1,85,591.34 crore coal block allotment scam – popularly referred  as “Coalgate” – unearthed by the Comptroller an Auditor General (CAG)? On Tuesday, October 15, the Central Bureau of Investigation (CBI) accused Parekh of indulging in corruption in granting Hindalco participatory …

Healthy recovery…Nifty reconquers 5,400 mark

22nd August, 2013 : Comments by Amar Ambani, Head of Research, India Infoline Healthy recovery…Nifty reconquers 5,400 mark The Indian equity market, for the first time in four days, showed some signs of a recovery with the Sensex shutting shop above the 18,000 mark while the Nifty reconquered the 5,400 mark once again. This, despite …

Eid Mubarak: Nifty ends above 5,550

8th August, 2013 : Comments by Amar Ambani, Head of Research, India Infoline  After being under constant pressure for almost 10 trading sessions, the Indian equity market finally managed to close in the green with healthy gains. The Nifty closed above 5,550 while the Sensex shut shop above 18,700 levels. The market will remain closed …

Day 4 of weakness: HUL, ITC drag Nifty below 200-DMA

29th July, 2013 : Comments by Amar Ambani, Head of Research, India Infoline    Day 4 of weakness: HUL, ITC drag Nifty below 200-DMA  The benchmark indices extended their losing streak to the fourth straight trading session on Monday. So intense was the selling pressure that the Nifty very swiftly violated its critical 200 Daily …

Mkt sheds gains on weak European cues, profit-booking

10th July, 2013 : Comments by Amar Ambani, Head of Research, India Infoline  Mkt sheds gains on weak European cues, profit-booking The Indian equity market ended near the day’s low on Wednesday erasing the day’s gains on weak European cues and profit-booking at higher levels. The Nifty barely managed to close above the 5800 mark …

Falling Re, rising crude sink Nifty below 5800

3rd July, 2013 : Comments by Amar Ambani, Head of Research, India Infoline  Falling Re, rising crude sink Nifty below 5800 The Indian equity market ended in the red, extending its losing streak to the second consecutive day. It started weak and continued that trend with the surfeit of negative news. Any signs of a …

Mkt shrugs RBI policy, European cues power Nifty to 5850

17th June, 2013 : Comments by Amar Ambani, Head of Research, India Infoline (a well diversified financial services company) The indices started the week with smart gains extending its upswing for the second consecutive trading session. Ahead of the Reserve Bank’s monetary policy, the market traded flat with a slight negative bias. However, the benchmark …