Equity market update
Jul 4th
Equity market indices witnessed the first weekly decline in 3 weeks. Sensex declined 0.6% for the week to close at 17460 against the last week’s close of 17574.
After last Friday’s decline, the week opened on a positive note but for the week hovered in a range. However bearish sentiments on the last two days took [...]
Bond market/ G-Sec update
Jul 3rd
After a hefty 8 bps points jump on Friday of last week due to decision to free up fuel price (read MB update here), G-sec markets opened the week on a strong note. Announcement by RBI that the borrowing amount for the week will be at the reduced levels kept the sentiments up. Yields on benchmark [...]
RBI raises rates again
Jul 2nd
As predicted by our analyst Rahul Sonthalia (click here to read) and myself (click here to read) in our earlier articles, RBI has raised the policy rates almost a month before the scheduled 1st quarterly review of monetary policy due at the end of July.
In an after market hour announcement today, RBI raised the repo and [...]
Indian Economic Data Sources
Jul 1st
MoneyBol Patrons,
Here are some links that you may find useful for accessing macroeconomic information and other statistics. These Datasets don’t require you to pay or register. (Note that some free datasets that require registration are also listed below)
We will be happy to add any link suggested by you for the benefit of all others.
Type [...]
July Could be Jittery For the Markets
Jun 30th
The month of July can cause real jitters for the Indian stock market and the party could end. Most of the top economists and market gurus have started saying that the year 2010 could be a mixture of two halves, the first half ending on a positive note and the second half leading to a [...]
Minimum Alternate Tax (MAT)
Jun 29th
Brief On Revised Discussion Paper For Direct Tax Code (DTC) For Minimum Alternate Tax (MAT)
Minimum Alternate Tax (MAT)
Current Situation:
MAT applicable on Book profit
Proposed in DTC:
The DTC has proposed a MAT on companies calculated with reference to the “value of gross assets”.
Limitation of MAT to be applied on basis of Gross Assets
Computation of [...]
Book Review – Screw it, Let’s do it
Jun 28th
Book Review: Screw it, Let’s do it – Richard Branson
The Book
Screw it, Let’s do it – is a capsule of wisdom. You can read it cover to cover in 2.5 hours. In this book, the world famous maverick entrepreneur Sir Richard Branson narrated in a very lucid and frank way the guidelines that have formed [...]
Crude oil price update
Jun 27th
Chinese news of yuan free float (click here for MB update) had its affect on crude oil as well and NYMEX light sweet crude oil opened up and touched a high of $ 78.92/ barrel against last week’s close of $ 77.18. However it retreated back to $ 77.82 towards close as impact of the same was [...]
Govt Securities update:June 26, 2010
Jun 27th
For the first 4 days of the week, government securities moved in a range. Benchmark 10 year bond, 7.80% 2020 bond moved in between 7.55% and 7.61%.
Results of buyback of securities, in which RBI accepted amount of Rs 806 cr against a notified amount of Rs 10,000 cr. This led to a slight increase in [...]
