Indian equities markets continued to consolidate as market got a expected trigger from the RBI's monetary policy. The Reserve Bank of India (RBI) hiked its key short term repo and reverse repo rates by 25 basis points each. This was in line with the market expectations. The new repo and reverse repo rates stand at 6.75% and 5.75% respectively. The central bank however left the cash reserve ratio ... [Continue Reading]
Experts Forecasted February Inflation Number May Come Near 7.8%
According to the data released by the ministry of commerce and industry on Monday, the wholesale price index (WPI) inflation, more closely watched than the consumer price index (CPI), advanced 8.31% in the month of February versus 8.23% in January after prices of fuel and manufactured products went higher. The rise in the monthly inflation numbers was unexpected as economists and experts ... [Continue Reading]
Petrol Price Hike for the Second time in January
India's leading oil marketing companies (OMC) has hiked the petrol prices by Rs.2.54 from Saturday midnight. This is a second price in the month of January 2011. This price hike will worry the markets participants in short term as price hike will create inflation pressure. How Will Petrol Prices Affect the Stock Market: Whenever price hike is imposed on petrol, we have seen profit booking in the ... [Continue Reading]
IIP November Data Comes Worse Than Expected at 2.7%
India's industrial data comes worst than expected. In November, it came to slowest industrial growth of 2.7 than its average annual 11.3%. Domestic markets reacted by giving up their early gains. Also inflation is now worrying market participants a bit more. The complete picture that comes in mind is, it will be bad time for the markets in near term. ... [Continue Reading]
Good News for Forex Traders, We Now Manage Forex Account For You
Good news for this new year, we have now started forex account management service. If you are a forex trader and want good returns every month then we can manage your account for a small fee applied on profits. You will need to contact us on : +91 – 99 70 77 77 89. Terms and Conditions: 1. We only manage accounts having equity above $1,000. 2. Minimum profit per month will be 6 – 9% per month. 3. ... [Continue Reading]