Posts Tagged ‘ Market Analysis ’

Jubliant Organosys

Jubilant Organosys and Eli Lilly have entered into a 50:50 joint venture agreement in India, focusing on providing drug development services. This is a strategic collaboration which would be focusing exclusively on developing new drugs in the areas of oncology, metabolic disease, cardiovascular and diabetes. This Bangalore based joint venture will focus on developing molecules [ READ MORE ]

Opto Circuits

Opto Circuits India (OCIL) recently cancelled the proposed $100 million acquisition of a European company, with which it had signed a letter of intent in September 2008. The reason cited is that the demanded price is not justifiable from an economic value perspective. This step is positive for OCIL, as it removes any uncertainty of [ READ MORE ]

Key infra sectors growth plunges to 2.3%

Growth in six infrastructure industries plummeted to 2.3% in August 2008 as compared to 9.5% a year ago i.e. in August 2007 including crude oil and petroleum refinery, showing depressing performance. Crude oil showed a negative growth by 1% in August 2008 compared to a positive growth rate of 6.5% in August 2007. Growth in petroleum [ READ MORE ]

Historical leap towards India’s energy security

Reliance is investing $5.2 billion to develop Krishna Godavari, its largest field. Gas produced in the area is expected to more than double the country’s total output. The Mumbai-based group’s Reliance Petroleum Ltd unit is building the 580,000 barrel-a-day refinery adjacent to a 660,000 barrel-a-day plant owned by the parent. Once complete, Reliance will own [ READ MORE ]

Currency Valuation: forces on play

What are Currency Appreciations and Depreciations? If nominal exchange rates change so that one Dollar buys more Rupees, then the dollar has appreciated in nominal terms. And the Rupee has correspondingly depreciated in nominal terms because a Rupee can buy fewer U.S. Dollars. If the real exchange rate between the U.S. and India changes, which [ READ MORE ]

Inflation : Impact on Economy

Understanding inflation is crucial to investing because inflation can reduce the value of investment returns. Inflation affects all aspects of the economy, from consumer spending, business investment and employment rates, to government programs, tax policies, and interest rates. What is Inflation? Inflation is a sustained rise in overall price levels. Moderate inflation is associated with [ READ MORE ]

Indian Currency: Impcat of High Crude Price

The fall in the rupee is primarily being attributed to the high crude oil prices, which touched all-time high of over $135 per barrel on May 22, 2008. India imports 73 per cent of its crude oil requirements, thus raising concerns over its widening trade deficit-the difference between the value of goods and services exported [ READ MORE ]

Rig Market in India

A boom in exploration in India has tripled rig usage over the past four years, adding to a global shortage and causing delays in tapping natural gas off the Indian east coast. Transocean, the world’s largest offshore drilling company, may raise rig prices further after India completes the biggest auction of offshore blocks. With crude [ READ MORE ]

Nifty, above 6000

  • December 17th, 2007
  • Posted in NIFTY

The market is likely to range trade between 5,950-6,250 in the next week with slightly lower volumes. This would be a normal consolidation after a breakout. In the  intermediate to long-term ( 6-8 weeks), we can look forward for 6,350 for the Nifty. The short-term trend is negative, the intermediate and long-term trends are positive. Weekly/daily [ READ MORE ]

Indian Market smarter than China?

  • December 4th, 2007
  • Posted in Market

A long way to Go…. India’s  market cap is $1.6 trillion  compared to China’s $4.68 trillion  & USA’s $ 17 trillion, Indian numbers look pale in comparison of their counterpart. Same story is visible at the company level as well, PetroChina, China’s biggest oil company, has a market cap of $743.29 billion compared to Reliance’s $101 billion.  [ READ MORE ]

Nifty, on a run

  • December 3rd, 2007
  • Posted in NIFTY

November series closed at 5635, however the month ended with a bang at 5763. Month to month Nifty has lost some 137 points however week to week Nifty is on a run. Momentum seems strong on the technical charts, in case Nifty continues its gain from the week end, it has an upward bias & likely to cross 5950 [ READ MORE ]

Kudos..Indian Stock Exchanges

  • November 28th, 2007
  • Posted in Market

In terms of total turnover of all stock futures contract, NSE recorded the highest amount of about 285 billion dollars during the month, which was nearly 20 times its nearest rival EuronextLiffe’s 14.6 billion dollars. BSE, the world’s biggest stock exchange in terms of number of companies listed, is among the lowest ranked bourses in [ READ MORE ]

India Now..

  • November 27th, 2007
  • Posted in Market

India’s steel production, growing at 15 per cent in the first half of 2007, is expected to touch 124 million tonnes (MT) by 2011-12, going beyond an earlier official estimate of 80 MT. Significantly, the Indian cement industry is poised to add 111 MT of annual capacity  by the end of 2009-10 (FY10), riding on the [ READ MORE ]

Market Outlook

  • November 19th, 2007
  • Posted in NIFTY

Nifty had fantastic last week ended almost 400 points up at 5906, crossing 5950 in the process (Pls refer last post). On the daily charts once again all indicators are in the positive zone which gives me confident that Nifty surely cross the 6000 level this week comfortably & march forward[ READ MORE ]

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