NEW DELHI: Dalal Street is expected to see range-bound trading this week in the absence of any major trigger either on the domestic or global front, say analysts. “Though the market has been moving up it seems to be running out of steam as the indices are still moving within a strong range,” according to … Read more
Key note address delivered by Christopher Wood, equity strategist, CLSA, in his first public appearance in India, at the ET Now Market Summit-2010. Excerpts: Hello everybody and thank you for asking me. I will be running through some charts which were still first with the situation in the West. Then I will move on to … Read more
This refers to ‘We withdrew stimulus last year!’ (ET, Mar 4). TT Ram Mohan has rightly suggested that the tax-GDP ratio measures structural improvement. The FM must rethink his medium-term debtto-GDP target. Losing substantial revenues by cutting I-T rates seems odd. If oil breaches $75-80, the FM will have to hike petroproduct prices and borrow … Read more
This refers to your edit ‘India needs new banks’ (ET, Mar 4). Financial inclusion and financial literacy will be the paramount objective while implementing reforms along with UID project to protect the interests of poor. Modern banking system has lost apersonal touch. Even citizens from semi-urban areas are reluctant to use ATMs. NextGen banking may … Read more
This refers to your edit ���A welcome quest��� (ET, Oct 8). It is imperative to have a strong database. But just having a database of employment is not enough; the data has to be consistent. It has been observed that data vary from ministry to ministry, department to department. India���s information system is not very … Read more
Apropos of ‘The climate conundrum’ (ET, Oct 9), Mukul Sanwal rightly suggests that developing countries should lead in setting the agenda for global technological cooperation. Source link
cmp: Rs 1,135.70 target price: Rs 1,246 Prabhudas Lilladher has a ���reduce��� rating on Infosys Technologies as it feels that the outlook for the company and the software industry is quite weak in the near-term. ���While we expect Infosys to perform better than most other players in the industry, we rate the stock ���reduce��� with … Read more
AHMEDABAD: Its too late and too little done in the US to come out of the financial turmoil, a crisis of 240 trillion $ cannot be stemmed with bailout packages of 1 to 10 trillion $, Arun Kumar, professor at Jawaharlal Nehru University said here on Thursday. “When the US president elect Barrack Obama assumes … Read more
The global economic crisis is beginning to weigh heavily on India Inc���s balance sheet, courtesy the depreciating rupee. While a weakening rupee might bring cheer to export-oriented sectors such as IT and textiles, it has pushed up the foreign exchange liabilities of Indian companies. Accounting rules, called AS-11 provisions, make it mandatory for companies to … Read more
At the recent low of 12514 points, the Sensex has tested the 12800-12000-pts support zone and has since then attempted a corrective rally. During the past trend phases in the Sensex, a monthly moving average convergence/divergence (MACD) cross-down below its trigger line, have, typically, led to a significant value erosion, with the corrective phase lasting, … Read more