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Showing posts with label Monthly Report. Show all posts
Showing posts with label Monthly Report. Show all posts

Tuesday, September 06, 2011

Markets under bear grip in Aug, post biggest monthly fall since Jan


The Indian markets have been turbulent in August 2011 on the back of global uncertainty and FII selling. The Sensex tumbled 8.36% and the Nifty dropped 8.77%

Major news for the month:

July inflation at 9.22% versus 9.44%

June IIP at 8.8% versus 5.6%

L&T Q1 net profit up 12%

Bharti Airtel Q1 consolidated net profit down nearly 28%

Tata Motors Q1 consolidated net profit at Rs2,000 crore

India’s factory output falls to a 20-month low in July

Q1FY12 GDP at 7.7% versus 9.3% yoy

Tuesday, October 05, 2010

Delight for D-street in July-Sept quarter


After a quite H1CY2010 (first six months of 2010), the bulls were back with a bang in July-September quarter. The domestic indices witnessed strong gains of over 13% in the quarter. The domestic indices outperformed its global peers mainly on account of continuous inflows of foreign funds. The other positive triggers back home were gross domestic product (GDP) for Q1FY2011 at 8.8% growing at a fastest pace in 2 ½ years, continuous rise in exports and strong index of industrial production data for July at 13.8%; this led foreign institutional investors (FIIs) to maintain their bullish stance on India. The Sensex and the Nifty touched new high of 20000 and 6000 levels respectively for first time since January 2008. However, the domestic markets shrugged off the rate hike by the Reserve Bank of India in its quarterly policy in July and in its mid-quarter policy review in September along with string of weak global data in the US.