Tag «Reserve Bank»

Black Friday! Sensex, Nifty plummet 4%

16th August, 2013 – Comments by Amar Ambani, Head of Research, India Infoline There was blood-bath on Dalal Street as capitulation set in since the onset of trade today. The move was precipitated by a weakening rupee and worsening economic data. The Indian rupee breached the psychological 62 mark against the dollar as steps taken …

Terrible Tuesday: Sensex, Nifty suffer collateral damage!

16th July, 2013 : Comments by Amar Ambani, Head of Research, India Infoline    Terrible Tuesday! Sensex, Nifty suffer collateral damage   It was a terrible Tuesday with the stock market witnessing serious collateral damage. The benchmark indices crashed in opening trade after the Reserve Bank on Monday announced measures to tighten rupee liquidity. In …