Standing on the fence, waiting for clear signals Markets remained in consolidation mode for major part of November. The Sensex and the Nifty are hovering around the October 2009 levels. We expect the sentiment to continue well into the closing year. While every good US data is now being viewed as an unwinding of the [...]
Archive for the ‘Economy’ Category
Currency Outlook – Fortnightly Currency Review November
December 14th, 2009 
Praveen Bajaj 
Posted in Economy 
Tags: currency outlook, currency review, dollar rate, exchange rate, usd-inr 
1 Comment »IIP Data: October 2009 -Index for Industrial production
December 12th, 2009 Praveen Bajaj The IIP figure for October stood at 10.3%, disappointing everybody since the expected figure was hovering around 12%.The same index registered a growth of -0.4% y-o-y in Oct’08 whereas a growth of 9.6% (revised) y-o-y in the last month The figure was below the market expectations, leading to a fall of 50.41 points in the [...]
Indian Economy – Review and Analysis, November 2009
December 9th, 2009 Praveen Bajaj First of all sorry for the delay in posting October’s monthly economic review. This is the third review in the “Economic review and analysis” series bought to you by MoneyBol every month. Hope this is useful to you. SENSEX After massive fall witnessed during October, equity markets paired the gains during first half of November [...]
Dubai’s Debacle and India
December 7th, 2009 Praveen Bajaj I was on vacation for a week and all of a sudden amidst the desert of Jaisalmer saw Indian markets crashing like anything. Called up one of my colleagues in Kolkata and he told that the sell of today is because some kind of a debt default by a company from Dubai (another desert place). The [...]
Posted in Economy Tags: dubai crisis, dubai debacale, dubai world, forex remittance, forex trading in dubai 4 Comments »A Brief Review: Dubai Crisis
December 7th, 2009 Praveen Bajaj Introduction Dubai Crisis that unfolded on the end of November has brought to the front fears that many people had about the financial crisis and the after effects. Dubai, predominantly oil producing nation, about a decade ago was aspiring to move away from the oil business as it felt a need to diversify into other [...]
GDP – Q2’10
December 1st, 2009 Praveen Bajaj India’s second quarter GDP grew by 7.9% compared to 7.7% y-o-y while 6.1% q-o-q. The figure surpassed everybody’s expectation and is the indicator that the economic activities in the country are performing really well Liquidity has been plenty and domestic demand has been good. All of these have contributed to the kind of growth we [...]
Inflation: Managing the necessary evil
November 27th, 2009 Praveen Bajaj Almost halfway into the 3rd quarter and well into the busy season, the economy is well set to make a comeback with projected growth of 6% upwards. With markets again close to the pre-crisis levels and major sectors looking up, it is only a question of time when we are able to leave the recession [...]
USD/INR Downside Prevails
November 16th, 2009 Praveen Bajaj The week saw consolidation across the board with all equity markets rebounding from the selling momentum of last week. The Sensex rebounded around 700 points. Similarly all major indices have risen defying the fact that unemployment still is a concern for the US. The Euro broke the 1.5000 mark during the week and currently trades [...]
Sell Equity and Base Metals
November 11th, 2009 Praveen Bajaj I believe the trading strategy one could adopt currently is to go short on the Nifty Index, base metals, crude and commodity driven stocks like Crain India, Reliance Industries, Hindalco, Tata Steel, Sesa Goa, Sterlite, etc. The stop loss one should keep is a Euro level of above 1.51.
Posted in Economy Tags: dollar, euro, exchange rate, indian economy, nifty, share markets 1 Comment »INFLATION: Change, but not yet wholesale
November 10th, 2009 Praveen Bajaj The Cabinet Committee on Economic Affairs has given its approval on the much needed & awaited revamp of the WPI WPI taken to be a major indicator of Inflation in India will now be calculated on a monthly rather than a weekly basis This change in the periodicity was based on the recommendation of a [...]