Q1 Results for FY12 to be declared today on 14 July 2011: TCS , Bajaj Auto, South Indian Bank, Vindhya Telelinks, Gruh Finance, Repro India, Hindustan Media Ventures, Bajaj Holding, DCB, VST Industries, SJVN, Sonata Software, Suryalakshmi Cotton Mills. So before trading them traders should watch the result news very keenly, to stay on the safe side of investment. ... [Continue Reading]
May 2011 industrial production growth has slow down, comes by 5.6%
Industrial growth has slowed down in the month of May. Index of Industrial Production (IIP) has come in at 5.6% on a year-on-year basis. However, market participants has expected it to be at 8.6%. So a much lower numbers of industrial production. Manufacturing sector has seen a growth of 5.6% in May. During April-May, industrial output grew 5.7 % from 10.8% in the year ago period. This weak data ... [Continue Reading]
Maruti Suzuki June Sales Down by 8.8% to Lower by 80,298 units
Maruti Suzuki’s total sales in June fell by about 8.8% YoY (year-on-year) basis to 80,298 units, this was due to a sharp decline in sales of passenger car models such as SX4, Swift D’zire, Maruti 800 and multi utility vehicles Gypsy and Grand Vitara. The company's sales were partly hit by the workers strike at the Manesar factory during the last month. While there was no production for 10.5 days ... [Continue Reading]
Reserve Bank of India (RBI) hiked repo rate and reverse repo rate by 25bps
Reserve Bank of India (RBI) has furthered its aggressive stance against the rampant inflation and hiked repo rate and reverse repo rate by 25 basis points each to 7.50% and 6.50% respectively, in its mid-quarter policy review, which is in line with broader market expectations. While, the RBI has left cash reserve ratio, which is the amount of funds that banks have to keep with RBI, unchanged at ... [Continue Reading]
RBI Hikes Interest Rates by 50 bps on 3 May 2011
The benchmark equity indices made further declines into the negative territory during the previous one hour of trade and hit new intraday low as selling intensified among rate sensitive stocks after the Reserve Bank of India (RBI) in its first monetary policy review of 2012, raised repo and reverse repo rates by 50 basis points (bps), thus breaking its calibrated approach. The repo rate now stands ... [Continue Reading]
