India Equity Analysis, Reports, Recommendations, Stock Tips and more!
Search Now
Recommendations
Saturday, April 21, 2012
Friday, April 20, 2012
Market seen halting four-day gains; RIL, Cairn India results eyed
Weak Asian markets are likely to derail a four-day 2.39% rally in the BSE Sensex. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a fall of 32 points at the opening bell. RIL announces Q4 results while Cairn India reports FY 2012 results today, 20 April 2012.
ICICI Bank and Punjab National Bank have reportedly cut their deposit and lending rates by 25 basis points.
Hindalco Industries reportedly plans to raise Rs 3000 crore in 10-year bonds at 9.55%.
Ambuja Cement reported a 23% fall in net profit to Rs 312 crore on 19% rise in net sales to Rs 2633 crore in the quarter ended 31 March 2012 over the quarter ended 31 March 2011.
Accept the situation…
Acceptance is not submission; it is acknowledgment of the facts of a situation.- KC Theisen.
We seem to be living in a world of guided missiles and misguided market. India entered the elite ICBM club on Thursday by successfully testing Agni-V long-range missile. The start today is likely to be slightly down due to weak global markets. US stocks fell on the back of disappointing economic data. European indices slipped on worries about Spain’s debt problems. Rumours of a possible downgrade of French rating also hurt the sentiment. Asian markets are mostly in red.
Interest rates seem to be heading down, with a few top banks lowering their base rate. Nationalised banks are reportedly under pressure from the Centre to slash borrowing costs. However, it remains to be seen whether they will also fall in line given the disparate nature of their balance sheets.
Subscribe to:
Posts (Atom)