Passenger car sales in the country continued to grow for the fifth consecutive month, with June sales rising by 7.81 per cent, which could show a healthy first half of this fiscal.
According to the Society of Indian Automobile Manufacturers, 1,07,531 passenger cars were sold in June whereas in the year-ago period sales stood at 99,741 units.
In all, 9,17,100 vehicles were sold in June, a rise of 14.26 per cent over a sale of 8,02,624 units in the same month last year, it said.
Meanwhile Auto companies are demanding for another stimulus from government by reducing Taxes on ...
Suzlon Energy said in a release issued to the BSE today that it had bagged new orders totaling to 114 Mw in capacity.
However, the positive development could not lift Suzlon's stocks up as the Power sectoral indices are among the major laggards on the BSE-30 index. Suzlon has tumbled 7% to Rs 90, after touching a high of Rs 90 and a low of Rs 97, despite winning orders of 114Mw in capacity.
Around 13 million shares have changed hands on the BSE counter so far.
Suzlon Energy (Tianjin), a subsidiary of the Suzlon Energy has strenghthened its presence in the Chinese wind energy market with ...
Tata Steel on Tuesday said that its sales volume surged by 22 per cent to 1.4 million tonnes in the first quarter of the current fiscal on the back of robust demand from the auto and construction sectors.In the corresponding period last year, the steel major's sales stood at 1.1 million tonnes, Tata Steel said in a statement here. Company further added that No scope for further softening of prices.
In June alone, the steel maker saw its sales going up by 19 per cent to 4.97 lakh tonnes over the year-ago period.
The sale of long products, mainly used ...
Global rating agency Standard and Poor's on Wednesday said that India's ratings may be lowered due to high fiscal, as high fiscal deficits may damage country growth.
"India's high fiscal deficits are not sustainable in the medium term and if fiscal consolidation is delayed, there is a risk that the sovereign credit ratings on India (BBB-/Negative/A-3) may be lowered," S&P said in a release.
S&P had cut its outlook on India's long-run sovereign ratings from stable to negative on concerns of high fiscal deficit, which means that ratings are vulnerable to downgrade.
At present, the agency has assigned BBB negative ratings to India.
If India achieves fiscal consolidation in the next two to ...
Yesterday: Indian Stock market consolidated after a huge fall of 7% a day earlier and closed positive led by cement, FMCG sectors.
Today: Indian Stock Market is expected to open negative mainly because of negative global cues. Technically still we are firmed on our target of 12500-12800 for sensex so one can create shorts at every higher level.
...
FII and DII activity that was seen on Tuesday, July 7, 2009 is shown below. The report shows that FII were net seller of Rs 921.39 crore where as DII saw buying of Rs 790.16 crore.
...
Yesterday: Indian Stock market cracked due to lack of few announcements in the budget. Nifty breached all its support levels and closed below 4200.
Today: Indian Stock Market is expected to open flat to positive may be due to partial short covering but technically nifty would go below 4000 for sure so best move for those who has made short yesterday is do not square off your position even if ...
FII and DII activity that was seen on Monday, July 06, 2009 is shown below. The report shows that FII were net seller of Rs 1483.03 crore where as DII saw buying of Rs 815.71 crore.
...
Sector-wise budget highlights of union budget 2009-10 are given below:
Highlights
Taxes
· Surcharge of 10% on personal income tax removed ...
Last trading session: As we said earlier that market looks up till union budget and the market closed positive on Friday.
Today: Union Budget is going to be declared today and we would suggest staying away from the market if you are not seeking any expert advice as market would be quite volatile today and can go in any direction, anytime. Positive budget will bring another ...
Fundamentals of Stock Market: Tutorial-5
Difference between technical & Fundamental analysis
...
Railway minister Mamata Banerjee today announced rail budget which almost meets public expectation which include cheap tickets for the poor and no increase in freight or passenger fares, as well as steps to boost the sprawling system's efficiency and finances.
Friday's railway budget speech underscored the Congress-led government's focus on "comprehensive growth" after it was reelected by a wider-than-expected margin in May. Prime Minister Manmohan Singh's government will present its budget on Monday. "The old mindset of economic viability should be substituted by social viability," Railways Minister Mamata Banerjee said in an address to parliament....
FII and DII activity that was seen on Friday, July 03, 2009 is shown below. The report shows that FII were net buyer of Rs 210.82 crore where as DII saw selling of Rs 298.58 crore.
...
Yesterday: Indian Stock market open flat again and went down sharply. It again pare the losses and closed flat, so no sign of any direction.
Today: Indian Stock Market is expected to open negative but we may see bounce in the market. We are out of the market till the budget as market won’t give any clue for further movements. ...
Ahead of the Budget 2009-10, today finance minister presented Economy Survey in the parliament. The economic survey today suggested tax cuts and increase in government expenditure as part of another stimulus package to help the economy overcome the global shock.
"The uncertainty surrounding the macroeconomic developments world over in 2009-10 and the need for minimizing the second round impact of the global shock calls for a continued fiscal policy stimuli," said the Economic Survey for 2008-09 ...
