Today the Oil marketing companies such as HPCL, BPCL and IOC has hiked petrol price by Rs.6.28 per liter, which will become effective from midnight 24-05-2012 i.e from Thursday, when included sales tax price hike stands at Rs.7.50 per liter. We were already highlighting this in our previous articles, as Indian rupee has been continuously falling against the US dollar, hence making the import cost ... [Continue Reading]
IT Stock in News: HCL Technologies Has Been Underperformer in Bear Market
HCL Technologies Ltd. is one of the leading software solutions provider, with the enterprise value of more than $5.5 billion. The company has always posted decent result since its listing in 6 January 2000 on NSE. The chart study of HCLTECH suggest that there is immediate support at the 455 level and we are expecting a bounce from that support zone, the 200SMA is acting as support for this stock ... [Continue Reading]
Stock in News: Govt. to Divest Stake in ONGC, We are Bullish on ONGC Stock
Oil & Natural Gas Corporation Ltd. is one of the largest oil & gas exploration company in India. It is listed on both the major stock exchanges in India i.e NSE and BSE, date of listing was 19 July 1995. Since the listing of this company we have seen the strong growth in its operations and has created the value to its share holders. Let us see how small investors can enter this stock for the ... [Continue Reading]
RBI January Credit Policy Announced, CRR Cut by 50 bps Other Interest Rates Same
Reserve Bank of India (RBI) keeps the interest rates unchanged today on January Credit policy but it has cut CRR (cash reserve ratio) by 50 bps (basis points), this will infuse liquidity in the banking system also this has indicated that RBI has shifted its policy for talking inflation to pumping growth. Today's cut has lowered the CRR to 5.50% from previous 6.00 % and this will result in pumping ... [Continue Reading]
RBI Hikes Interest Rates Today 26 July 2011, REPO and Reverse REPO Hiked by 50 bps, Banking stocks down
The Reserve Bank of India (RBI) has hiked its key interest rates, repo and reverse repo rates by 50 bps (basis points). Market has expected the hike by 25 bps and this has given a shock to the market participants. The rate hike has taken the reverse repo to 7% and the repo rate to 8%. Also RBI has kept the cash reserve ratio (CRR) unchanged at 6%. Seeing this the markets has reacted badly, we ... [Continue Reading]
