Sell,Sell,Sell this was the momentum in the market.The bears plummeted the market to a low in a month. the market went down to it’s lowest in nearly 5 weeks.
Biggie:Bharti Airtel @313.45 @1.2%UP
Sloppy:Hindalco Inds. @firstname.lastname@example.org%DOWN
Tag Archives: markets
Bears haunt dalal street. the markets went down down down today the negative sentiments around the world sparked of the selling behavior today.This negative momentum was witnessed throughout the asian markets and is expected in other markets around the world.
Biggie: Bajaj Auto @1,581.45 @0.9%UP
In the present context of time and based on the scenarios and political views around the world one thing is for sure.The future of the world economy depends heavily upon China,India and to some extent Brazil , Turkey and etc..,. so the investors around the world have nowhere to go other than the Asian countries for great returns.so, what happens? the fii’s galore in the respective stock markets . In India the stock markets are zooming ahead and the major reason that was stated “FII’S”. yes, they are a good news to the market but the other side of it is the markets become very much dependent on the foreign investors rather than domestic investors which brings in the importance of a balanced economy around the world.which is an huge thing to achieve.so the dependence has to restricted by the controlling body SEBI.eventhough there are guidelines for FII’s the market is still a haven for foreign investors.the Government of India in a divestment mode does not want to stop the FII’s and there is a very meagre chance for stringent rules to come from SEBI.
i think SEBI knows this
“But better late than never”
After a consolidated run the past week, the market sure was losing momentum and was struggling to find direction. But today it found a direction which was negative and today the bears dominated the market with sensex sliding 286.62 pts.But Reliance Power alone found it’s way up
Biggie:Reliance Power @190.75 @10.0% UP
SBI ,the leading bank of INDIA .the bank everybody looks up as an prime bank which sets the benchmark for other public and private sector banks to follow reported profits but not exceeding or satisfying expectations. It has reported flat profits and which have made many people raise eyebrows .the major cause of this situation is because of the increase in provisions of bad loans,it has double in this period.the SBI which provides 25% of loans in India.
Bank credit in India increased an annual 21.2 percent as of the October 22, according to central bank data, bouncing back from growth of 9.7 percent in October last year and compared with 16.7 percent at end-March. These cause of concerns would definitely be put aside because of various other facts such as higher factory outputs,big engineering orders, chunks of investment in infrastructure.
Still the profit books are been predicted to break new highs.