Article.

Jhunjhunwala increases stakes in some companies despite market slump Small investors may have given up hope on stocks, but the big bull is unperturbed. Billionaire investor Rakesh Jhunjhunwala and his wife Rekha have increased their stake in five companies at a time when ‘buying stocks’ has gone out of fashion.The companies in which the Jhunjhunwalas [...]

{ 0 comments }

The Reserve Bank of India (RBI) credit policy did not announce any reduction in key lending rates, dimming the hopes of further infusion of any liquidity. Bankers say RBI may be waiting to see the action that the US Federal Reserve will take when it meets on October 29 and subsequently, European Central Bank, on [...]

{ 0 comments }

Leftists claim that the global financial crisis was caused by reckless deregulation and greed. Rightists blame half-baked financial regulations and perverse incentives. Actually, the financial sector is deeply regulated, with major roles for both the state and markets. It was not one or the other that failed but the combination. The best metaphor for the [...]

{ 0 comments }

The investors’ loss in the ongoing stock market meltdown has crossed the one-trillion dollar mark, a figure associated with the size of entire Indian economy and the equity market till a few months ago. At the end of today’s trading when the benchmark Sensex dropped by over 500 points, the investor wealth measured in terms [...]

{ 0 comments }

The Sensex slipped below 10,000 mark for the first time in over two years due to aggressive selling by funds and worries on economic slowdown also weigh down the sentiment. The benchmarks touched their new 2008 lows today. Both Sensex and Nifty touched lows of 9,911.32 and 3,046.60 respectively. All sectors traded weak. Persistent selling [...]

{ 0 comments }

Ajay Bagga, CEO of Lotus India Asset Management & chairman of Financial Planning Standards Board (India), shares his investment strategy for the current market scenario. The global economic and markets landscape has gone bleak over the last 15 months.As global stock market indices fell, there has been a procession of hedge fund failures, formidable names [...]

{ 1 comment }

Markets melted down as Sensex closed 800 points on the negative points.We had a very poor IIP data ; Industrial Production is at 1.3 Percent compared to 10.9 Percent year-on-year (YoY).Inflation numbers gave some relief but the relief didn’t last for long.Inflation comes to at 11.80% v/s 11.99 last week.More over RBI cuts CRR by [...]

{ 0 comments }

Wall Street tumbled on Monday, joining a selloff around the world, as fears grew that the financial crisis will cascade through economies globally despite bailout efforts by the US and other governments. The credit market remained under strain, and investors piled into government bonds. The Dow Jones industrials skidded more than 300 points and fell [...]

{ 0 comments }

The Reserve Bank on Monday slashed by 0.50 per cent the rate of mandatory deposits that banks need to keep with it to ease the tight liquidity position, a move that may induce banks to lower commercial lending rates. The new Cash Reserve Ratio (CRR) of 8.5 per cent will be effective from October 11 [...]

{ 0 comments }