Moneybol brings the economic review every month. This is the Second such review in the series. The Team of analysts at Monybol.com are committed to provide you the power of first hand research. Hope you will find it useful. Please feel free to comment your suggestions and feedback.
Indian inflation measure WPI showed prices rose by 1.51% for the weekending October 17, 2009 over corresponding week last year. The rise was less than analyst’s expectation of 1.59%. Rise in index last year during this week was 10.58%.
As compared to last week the benchmark measure remained unchanged whereas compared to week ending September 19, WPI declined by 0.45%.
Reliance Industries Ltd. declared its second quarter results today. The results came in line with the Bloomberg consensus expectations. Reliance’s standalone net profit fell by around 6% YoY, to Rs. 3,852 cr. from Rs. 4,116 cr. This was mainly on account of a lower gross refinery margins (GRMs)
The Reserve Bank of India announced its second quarter review of monetary/credit policy. Despite the fact that most of the key rates policy rates remained unchanged as expect, the benchmark indices corrected by around 2% with the banking and real estate sectors plummeting the most. This is mainly because of the fact that the policy [...]
The Reserve Bank of India today released its review of the macroeconomic and monetary developments which serves as a background to the Second Quarter review of Monetary Policy 2009-10 being announced tomorrow, October 27th, 2009.
India’s largest manufacturer of motorcycles, Hero Honda Motors second quarter results were ahead of the market’s expectation mainly on account of better margins.
Wholesale Price Index (WPI) crept up by 1.21% over last year for the week ending October 10, 2009. After remaining in the negative territory for 3 months from June-August’09, benchmark inflation index registered a growth of more than 1% for the first time after May’09.
At the current levels it makes sense to go short on the Indian Sugar stocks, which have already risen by a handsome amount (YTD), because if sugar prices will correct, its inevitable for the stocks to follow the same trend.
The world’s population can be divided into three basic segments based on the economic pyramid. Majority of them would lie at the bottom of the pyramid with annual income less than $1000. This economic inequality must be overcome to ensure the welfare and happiness of people all around. The need of the hour is to [...]
Moneybol brings the economic review every month. This is the first such review in the series. The Team of analysts at Monybol.com are committed to provide you the power of first hand research. Hope you will find it useful. Please feel free to comment your suggestions and feedback.