The Indian
rupee, which was at par with the American currency at the time of independence
in 1947, hit a record low of 63.30 against a dollar Monday. This means the
Indian currency has depreciated by more than 63 times against the greenback in
the past 66 years.
Managing
volatility in the currency markets has become a big challenge for the economic
policy makers in the country. The central bank as well as the government has
taken...
Our India, Our Finance, Our Deficit
Monday, 5 August 2013
A large fiscal deficit is an indication that the economy is in trouble and will have reasons to worry. A high fiscal deficit, amongst many, could pose an
inflation risk
minimize the growth of the economy
doubt the government’s abilities
it could affect the country’s sovereign rating, which in turn will limit foreign investors from looking at India as one of the investment hubs.
It is believed that high fiscal deficit...
External Sector Vulnerability - The Indian Economy
Wednesday, 31 July 2013
In the past few years, since the 2008 global financial crisis, India's external sector has become increasingly vulnerable. The plunge taken by the Indian rupee recently is an effect of this perception of an increase in vulnerability.
About External Debt
External debt is the portion of its debt borrowed from foreign institutions. India's external debt has seen a stark rise in the last six years. According to data by the Reserve...
The Myth Surrounding Safe Investments
Wednesday, 24 July 2013
Financial media tends to re-define 'safety' of asset classes every time there is a change in market sentiment. Prior to the financial crisis of 2008, even derivatives were sold as safe investments. Ironically the weapons of mass destruction have only made the case for so-called safe investments stronger. So much so, that post crisis, the adage of safety shifted from smallcap stocks to gold to finally debt funds. Many Indian...
Swinging Rupee – Enjoy the breeze or get blown!!
Tuesday, 25 June 2013
The Headline catches the meaning
of the content but a small difference lies. Unlike the swings, we are
witnessing only the fall and not only us but the whole world needs a push on
the ground to rise higher.
It’s important to understand that
the studies of Rupee vs Dollars or for that matter between any currencies would
give similar results. Focusing on tweaking the ways of analysis is not going to
work. Moving onto recent...
Morning Bell: May 29, 2013
Tuesday, 28 May 2013
Key Indian indices are set to open on a soft note today tracking volatile cues from other Asian markets. Back home, caution ahead of Q4 GDP data due on 31st May 2013 & derivative contract expiry may infuse volatility in the market.
Key Events For The Day:Quarterly Results: ONGC, Tata Motors, NMDC, Cipla.India M3 Money Supply.Canada BoC Interest Rate Decision.Derivative Strategy For The Day:Buy NIFTY (CMP: 6109) with a...
Morning Bell: May 28, 2013
Monday, 27 May 2013
Key Indian indices are set to open on a flat note today tracking volatile trading from other asian markets. Back home, the slightly higher than expected results from Coal India may bring optimism while the cautious sentiment due to Q4 GDP data to be released on 31st May 2013 & derivatives contract expiry due on thursday may keep the markets rangebound today.
Key Events For The Day:Quarterly Results: Gail India, Colgate...
Morning Bell: May 27, 2013
Sunday, 26 May 2013
Key Indian indices are likely to open on a subdued note today following mixed cues from other Asian markets. Back home, the derivatives contract expiry due on Thursday is likely to keep the markets choppy.Key Events For The Day:Quarterly Results: Bhushan Steel, Jindal Saw, Jindal Stainless.US Memorial Day.UK Spring Bank Holiday.Derivative Strategy For The Day:Sell NIFTY (CMP: 5985) with a Target of 5925 with a Stoploss of 6015.Sell...
Qualified Depository Participant
Saturday, 25 May 2013
Qualified Depository Participant (QDP) is a SEBI registered Depository Participant authorized to facilitate the investments by Qualified Foreign Investors (QFIs) & Non Resident Indians (NRIs). Now any Qualified Foreign Investors (QFI) & Non Resident Indian can easily invest in Indian Stock Market by opening a Demat account with a Qualified Depository Participant (QDP).Benefits of availing services of QDP:- Only...
Daily Commodity Outlook: May 24, 2013
Thursday, 23 May 2013
The domestic commodity indices ended Thursday’s session on a mixed note. Fall in the Chinese manufacturing index dimmed the demand for industrial commodities as the world’ssecond largest economy showed further signs of slowdown.Out of the four indices at the MCX, two closed lower while two ended in the positive terrain. MCXCOMDEX closed at 3,565.36 down by 0.18%, while MCXMETAL closed at 4,448.04 up by 0.36%, MCXENERGY closed...
Morning Bell: May 24, 2013
Thursday, 23 May 2013
Key Indian indices are likely to open on a high note today following positive cues from toehr Asian markets. Back home, in absebce of any significant local data, the markets will take cues from Q4FY14 earnings report of corporates due to release today.
Key Events For The Day:Quarterly Results: Britannia Industries, Crompton Greaves.US Durable Goods Order.Japan's MNI Business Sentiment Indicator.Derivative Strategy For The...
Daily Commodity Outlook
Wednesday, 22 May 2013
The domestic commodity indices ended on a mildly positive note on Tuesday on hopes that improvement in the world’s biggest economy may boost the demand for top industrial commodities in the near future as a top US official said that the Federal Reserve should continue with its bond buying program in the near-term. At the Multi Commodity Exchange (MCX), all the indices closed higher on Tuesday. MCXCOMDEX closed at 3,577.09...
Grow With Us
Tuesday, 21 May 2013
Invest in markets – NowCorporate earnings have bottomed out and with the Reserve Bank of India cutting interest rates to boost growth; the market is invariably propelled northwards. The market lull is the best time entry time for maximizing the exposure in the market.Investors have to be patient and have a long crack at the stock market – say 5-7 years. It’s the inflection point that the Indian economy has touched. This is a...
Morning Bell - 20/05/2013
Sunday, 19 May 2013
Key Indian indices are likely to open on an upbeat note today following firm cues from other Asian markets. Back home, inflows of foreign funds into domestic markets & next batch of corporate earnings are likely to dictate trends for the markets.Key Events For The Day:Quarterly Results: Hotel Leela, Voltas, Coal India.Japan's Leading Economic Index.Japan's Machine Tools Orders.Derivative Strategy For The Day:Buy NIFTY (CMP:...
Know Us
Friday, 3 May 2013
Alankit Group is a conglomerate of 8 Group companies with diversified activities into Financial Services, Wealth Management, e-Governance, Health Care and Insurance. Alankit Assignments Ltd., the flagship company was incorporated in 1991 by a talented Visionary Entrepreneur, Mr. Alok Kumar Agarwal and made unhindered steady progress since then. The Group has its headquarter in Delhi with 20 Regional Offices in Mumbai, Kolkata,...
Subscribe to:
Posts (Atom)