As part of its Annual Credit Policy, the Reserve Bank of India (RBI) today cut Repo and Reverse Repo Rates by 25 basis points (0.25%) each.
The Repo is the rate at which the RBI lends to banks while the Reverse Repo is the opposite.
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Yesterday: As we predicted market opened in a bit red and went up sharply. At higher level due to profit booking it went down marginally lower.
Today: Indian Stock Market is expected to open sharply lower mainly due to very bad global cues, thanks to the bad result of Bank of America and IBM. ...
INSTANEX: At close, the Instanex Promoter 15 portfolio is down 0.10% (-0.92% at 3 pm), the Instanex Retail 15 portfolio was down 0.28% (-0.92% at 3 pm) and the Instanex FII Index was down 0.64% at 242.62 (-1.20% at 3 pm). Nifty was down 0.22% (-1.16% at 3 pm) and Sensex was down 0.40% (-0.95% at 3 pm). The other Instanex Ownership Indices were down as well – the Instanex Top 15 portfolio was down 0.53% (-1.23% at 3 pm) and the Instanex DII 15 portfolio was down 0.60% (-1.22% at 3 ...
FII and DII activity that was seen on Monday, April 20, 2009 is shown below. The report shows that FII were net buyer of Rs 348.05 crore where as DII saw buying of Rs 108.9 crore.
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Shares of Sesa Goa have rallied by over 7% to Rs 118.95 ahead of results to be announced later in the day.
The scrip has touched an intra-day high of Rs 118.95 and a low of Rs105.5 and has recorded volumes of over 3.8mn shares on NSE.
Polaris Software Lab has announced its fourth quarter results. The company's Q4 net profit was at Rs 32.1 crore versus 37.16 cr as compare last quarter.
Its total income was down at Rs 337.24 crore versus Rs 372.57 crore, a quarter before.
Last week: Indian Stock Market ended up by 2.1% for the last week. market went down in the second half but still manage to closed above its support of 11000 for sensex in the last trading session on Friday. Check Review of Last week ended Friday, April 17, 2009
Today: ...
So far, the market has been moving up without any pause. However, the recent rally has not been supported by any strong fundamental reason, be it the domestic market or global markets.
It is true that there has been some improvement in some of the US economic parameters. However, it is unlikely to be sustainable in nature for long. This is evident from last week's retail sales and housing stats data.
In the coming week, the market will be waiting for the RBI policy meeting and decisions on interest rates due on Tuesday. The result season is ...
India: Wide volatility continued in the last week, which was again a holiday-shortened week. The market breached some of the important technical and psychological levels, as the benchmark Sensex tested the 11000 mark for the first time since October 2008. The Indian market got support from global markets, as some of the banks in the US reported better-than-expected results for Q1CY09. Infosys also reported better-than-expected results. However, the last couple of days in the previous week saw some profit taking at higher levels near some important technical resistance levels. On a week-on-week basis, the BSE Sensex ...
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INSTANEX: At close, the Instanex FII Index was up 1.17% at 244.18 (+0.98% at 3 pm) and the Instanex Retail 15 portfolio was up 0.88% (+0.59% at 3 pm). Sensex was up 0.69% (+0.48% at 3 pm) and Nifty was up 0.44% (+0.20% at 3 pm). The other Instanex Ownership Indices were up as well – the Instanex DII 15 portfolio was up 1.04% (+0.80% at 3 pm), the Instanex Top 15 portfolio was up 0.48% (+0.37% at 3 pm) and the Instanex Promoter 15 portfolio was up 0.04% (-0.01% at 3 pm).
Out of the ...
FII and DII activity that was seen on Friday, April 17, 2009 is shown below. The report shows that FII were net buyer of Rs 669.85 crore where as DII saw buying of 182.7 crore.
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Yesterday: As predicted by EquityPandit.com, huge profit booking was seen by domestic investors yesterday.
Today: Indian Stock Market still looks strong and may be one can do intraday trading if market will go down further.
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FII and DII activity that was seen on Thursday, April 16, 2009 is shown below. The report shows that FII were net buyer of Rs 479.09 crore where as DII saw huge selling of 1124.24 crore.
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The world's fifth largest wind power equipment maker, Suzlon Energy, is facing new blade production problems at a project in China's Shandong province, Wall Street Journal report says.
REpower has rejected Suzlon prototype for blades over quality standards. However, Suzlon has clarified that REpower blade prototype was for China’s Shandong order.
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