Check Weekly call for the week starting 20-04-2009
Trading Ideas
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Market this Week : 20-04-2009
Posted: 19 Apr 2009 12:02 PM PDT
Trading Ideas Weekly Update : After the last week gain and sixth consecutive
gain on weekly basis we can say one thing for sure the intermediate trend is up
until and unless we close below 3300. The current uptrend was led by beaten
sectors like Realty , Banking , Capital Goods, etc. Though the small [...]
It’s goodbye Chindia and hello Chimerica
Posted: 19 Apr 2009 09:53 AM PDT
MUMBAI : Some years ago, Jairam Ramesh coined the word Chindia , hyphenating
China and India, to denote a great new geopolitical development. The earlier
BRIC report had identified China and India as potentially the two fastest
growing states that could one day rival the US in GDP. By 1990, China had
emerged as the [...]
Economic downturn sets Russia back five years
Posted: 19 Apr 2009 08:59 AM PDT
The net worth of Russia’s 100 richest people has dropped more than three-fold
in the economic crisis, pushing the 2009 fortunes of the super wealthy back to
the levels of 2004, a report said today. Russia in 2008 had well over 100
billionaires, making it second only to the United States in the super rich
stakes, [...]
Weekly Update : Equities last Week 17-04-2009
Posted: 19 Apr 2009 04:41 AM PDT
On the back of funds and institutional buying Indian market again ended
positive for the sixth consecutive week. The efforts from all counties to
prevent their economy by global economic turndown by providing assistance in
the way of stimulus package to local industries is now showing its effects.
This pool of money will surely again [...]
Forex reserves plunge by USD 2,183 million, stood at USD 252,977 mn
Posted: 19 Apr 2009 03:57 AM PDT
MUMBAI / RBI : Forex reserves slumped by USD 2,183 million to touch USD 252,977
million as on Apr. 10, 2009, mainly due to fall in foreign currency and assets
collections on a weekly basis. As per the weekly statistical supplement of the
Reserve Bank of India (RBI) released on Apr. 17, 2009, foreign currency [...]
India to grow at over 7% in 2009-10: PMEAC
Posted: 19 Apr 2009 03:51 AM PDT
New Delhi : Prime Minister`s Economic Advisory Council (PMEAC) chairman Suresh
Tendulkar expects the country`s economy to grow at over 7% in the current
fiscal as it has already started showing signs of recovery. He further said
that it expects rebound in an economy after September as the worst was over.
When asked if the [...]
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