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ARE WPI AND CPI RIGHT TOOLS FOR MEASURING INFLATION?

about 14 years ago

The Wholesale Price Index (WPI) for May came in today at 4.7%, down for the fourth consecutive month and the marker once again went into a cheerful mood, upping its ante once again for RBI cutting rates. The memory of the market is shortlived as last month too, the WPI

DAGGER FORST TOOLS

about 19 years ago

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FED PLEDGES AGGRESSIVE ACTION

about 7 years ago

The Fed Reserve said that US economy has deteriorated due to the pandemic and said that it is, “committed to using its full range of tools to support the U.S. economy in this challenging time.” This is exactly what our RBI Governor also said.

DCM Shriram in limelight

about 10 months ago

This still leaves the counter well below its 52-week high of Rs 1,501.70 and implies a market capitalisation of roughly Rs 19,800 crore, valuing the diversified agri-chemicals group at about 27–28x trailing earnings.

Sanghvi Movers in news

about 2 years ago

The stock price has reacted positively to this news; from its close of Rs.1064.35, it rose to Rs.1071 and then to an intraday high at Rs.1113.80. Its 52-week high is at Rs.1483.

Wendt falls on poor Q3

about 7 years ago

The stock price has reacted negatively to this poor show; the stock, which had closed on Friday at Rs.2870, opened lower at Rs.2745, going down further to Rs.2655

HMT clocking good time

about 11 years ago

HMT is in the limelight today after a long time. The stock is up currently over 11% at Rs.55 levels with an intra day high of Rs.57.80 and low at Rs.53.20. The PSU where Govt of India holds 90% stake is up after it issued a clarification that it has signed a MoU with German company, Fraunhof ...

Motherson rides high in a Merc!

about 12 years ago

Motherson Sumi (MSSL) announced today morning that it had received the biggest ever order. It announced today morning that, through its subsidiary Samvardhana Motherson Automotive Systems Group BV (SMRPBV) has received a significant set of orders for the supply of a range of exterior and interior ...

LMW loses as Q2 disappoints

about 12 years ago

Lakshmi Machine Works (LMW) is currently the top loser on the BSE, opening Rs.43 lower and now 4% down at Rs.3944, with an intra day low at Rs.3900. The company posted a disappointing set of numbers for Q2FY15. Lower sales, exceptional expense on account of VRS led to the company ending the ...

Tata Motors hits a new high

about 12 years ago

Tata Motors hit a new 52-week high at Rs.523.10 today and it continues to remain strongly in the green, up almost 2%. The stock has hit a high after the company announced that it would be filing an appeal against the CCI order, which ordered a huge penalty on 14 auto companies. In a Pre ...

Raymond looking for engineering buyers

about 13 years ago

Gautam Singhania-led Raymond is up 2.6% at Rs. 254 per share, after touching day’s high of Rs. 259 on BSE. Broader markets are also up about 1.5%. The Rs. 4,100 crore textile major is planning to offload minority stake in its engineering subsidiary JK Files, to either private equity or stra ...

Shilpi Cable

about 16 years ago

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A VERY BALANCED POLICY

about 4 years ago

Persistent high inflation and a shift in global policy has led to this hike, while continuing to withdraw the accommodative stance. This is the fourth straight rate hike since May, taking the total rate hike to 190 bps. But the stubborn inflation, like a wild lion trying to be controlled by the ring master, continues to cock a snook, remaining elevated beyond the target ceiling.

NO QUICK ROUTE TO ‘HAPPIEST’ LIFE

about 6 years ago

The Rs.702-crore Happiest Minds Technologies IPO opened today and it is already fully subscribed, 1.6 times till now and we are only at half a day yet. More than the issue getting this kind of response, what is really newsworthy is that the issue has seen a huge retail participation.

TIME TO WALK THE TALK

about 6 years ago

People might be divided right across the middle when it comes to some ideologies of BJP and Modi. But what the entire country agrees unanimously is that Modi is one of the best orators India has had in recent times. His speeches have always inspired people and such skills are very rare in today’s time.

FALLING RUPEE AND CROUCHING MARKETS

about 8 years ago

The culprit is undeniably the falling rupee. It rupee crossed the Rs.73-mark today morning and the fall seems to be relentless, with no real anchor in sight. On the other hand, crude oil prices have hit a multi-year low. Brent crude oil prices breached the $85 per barrel mark yesterday for the first time

RBI GOES BEYOND RATE CUTS

about 7 years ago

20 countries cut their rate in March, trying to mitigate the impact of the coronavirus. And it would have been very easy for the RBI Governor to merely follow the herd and cut rates. But RBI showed a lot of maturity by using other weapons in its arsenal to inject liquidity into the system

GST – A WORK-IN-PROGRESS POLL TOOL

about 8 years ago

The weekend was made extra special by the Govt – it slashed the GST rates on more than 50 goods and this is estimated to lower the revenue by around Rs.15,000 crore each year. But hey, taking this hit is much better than losing it all in the upcoming elections – that’s precisely the sole reason for this largesse. Driven purely by the need to placate frayed nerves in the state and central elections,

IIP AND CPI – BOTH COME DOWN!

about 9 years ago

IIP for Feb came in at 7.1% v/s 7.5% in Jan and same as in Dec at 7.1%. And retail inflation or CPI for March was at 4.28% v/s 4.4% in Feb. So both were down and both came in much better than expected. This could have a good impact on the markets, depending of course on the numbers of Infosys,

DOUBLE DHAMAKA! MACRO CHEERS AS MARKET SOARS OVER 600 POINTS!

about 9 years ago

It was a BIG surprise and the upward rally that we saw today could get some momentum with this macro data. IIP for January rose while CPI for February fell – this is like the best case scenario. Thanks to overall softening of prices, led by prices of vegetables and food, CPI came in at 4.4% v/s 5.07% (MoM).

THE STORY OF CORRUPTION REMAINS INTACT

about 9 years ago

The ruling Govt won with a thumping victory because we Indians wants to break free from an immoral and corrupt Govt. We thought that with the new Govt, new thoughts and new ways of working, it will clear the way for a “cleaner” India. We are nearing the end of the five-year term and instead of corruption going down, there is proof that it has increased.

A BUMPER IIP AND SOBERING CPI

about 9 years ago

October was the month of Diwali and the trickle effect of this was expected but an IIP of 8.4% v/s 2.2% (MoM) for November surely blew everyone off! A 25-month high! Looks like all the pent up demand after demonetization and GST broke the dam, leading to this super-duper growth number.

DVRs – NO ONE IS GIVING THIS CATEGORY THE GOLDEN GLOBE!!

about 9 years ago

Why would we buy a DVR when we can get the shares, albeit at a higher price but with the assurance of a better dividend and power to vote if anything is going wrong in the company? Also with Nifty excluding Tata Motors DVR, the writing on the wall is that maybe one day, BSE might do the same. Thus at this point of time, no one is truly giving a thumbs up to DVRs.

WISH LIST TO SANTA CLAUS

about 9 years ago

Dear Mr.Santa Claus, Ho, Ho, Ho!!! Merry Christmas to you and your entire globetrotting team.This is your “peak season” and am sure you will have no respite till Christmas day. Every child is looking forward to greet you, with a dream in their eyes that you will fulfill all their wishes. There is a child in every grown-up and that child today sends you a wish list of all things needed to bring on new cheer for the New Year.

2G SCAM VERDICT – A PAGE OUT OF ‘RIPLEY’S BELIEVE IT OR NOT!”

about 9 years ago

The 2G scam. It is the biggest scam India has ever seen; we are talking about Rs.1.76 lakh crore of money. And this 2G scam was the master stroke on which the BJP got its landslide victory as people were simply sick and tired of the corrupt UPA Govt. And today, judgement day, all the 19 accused were acquitted. Not a single person today stands accused for the scam; all are free to go and the money is also all gone. So was there a scam at all?

WHY INDIA DOES NOT HAVE MANY MORE DHIRUBHAI's?

about 11 years ago

Albeit late but nevertheless, it was gratifying to see that Dhirubhai Ambani, the one industrialist who has inspired scores of Indians to achieve, reach for the sky, was finally posthumously given the Padma Vibhushan. And like always, we cannot help but wonder why we no longer see more prolific leaders like Dhirubhai

DVRs - THE NEW 'STAR' ON DALAL STREET

about 12 years ago

Tata Motors DVR has been hitting new highs consistently. Future Retail DVR has not been hitting new highs but yesterday, it closed over 9% higher. Gujarat NRE Coke breached the upper circuit on 18th August and yesterday closed strongly in the green. Jain Irrigation is the only listed DVR which is in the red.

INSIDER TRADING - A VIEW FROM THE OUTSIDE

about 13 years ago

Getting information before it becomes public is what you, me and all believe will help you make windfall gains. So when we make money by getting news of a company before it becomes public, does that tantamount to inside info? Or because we trade in small quantities, it is not really breaking the law?

Reforms: 'Derailed' or 'On Track'

about 14 years ago

Congress, the largest partner of UPA-II, having a seat strength of 202 MPs (in reduced strength of 254 MPs now), has decided not to submit to the TMC demands and has firmly reiterated its commitments to continue with these reforms. Indeed a good move by the Congress!

DEAR SHRI SANTA CLAUS.......

about 10 years ago

This is the busiest time of the year for you and you must off on your travels. I know we are a "little" grown up to ask you for gifts but when times are bad, people latch on to even a blade of grass for support. And we seek some solace from you. Children all around the world send you a wish list and we thought we will also ask for some 'gifts' which can make our life in India much better. We know, what we are asking for is maybe beyond you, but just wanted to let you know what we needed.

IT stocks get hit

about 8 months ago

Losers were led by Persistent Systems and LTIMindtree, while Infosys, Tata Consultancy Services and Wipro also traded materially lower; by around 10 am, the decline was still broad-based even as the headline Nifty was relatively steady.