Market Watch
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Why higher interest rates may eventually be good for growth
29 October 2013 - 10:28 PM
The decision by Reserve Bank of India governor Raghuram Rajan to increase the repo rate by another 25 basis points was widely anticipated. It is also well known that the Indian central bank is concerned about the rebound in inflation in recent months. The inflation expectations of households are at their highest level in five years.
What seems to have attracted less attention is the fact that Rajan has also been saying that high consumer price inflation has led households to shift from financial savings to other avenues such as real estate and gold. “It is important to b
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Stock Results- 29th October
29 October 2013 - 05:43 PM
Marico Q2 net up 23.27 per cent at Rs. 105.86 croreRanbaxy Q3 net loss at Rs 454 croreClariant Chemicals Q2 net rises 7-fold to Rs 123.99 croreBank of Maharashtra Q2 net profit slips 72% to Rs.47 crore -
Sensex surges over 350 points; Nifty above 6,200
29 October 2013 - 02:52 PM
The S&P BSE Sensex rallied over 350 points, led by gains in rate sensitive sectors such as banks, realty and auto even as the RBI hiked repo rate by 25 bps to 7.75 per cent and cut MSF rate by 25 bps to 8.75 per cent with immediate effect. The broader index Nifty also surged past 6,200 level.
"Whatever increase has been done on the repo rate has been likely compensated by increasing the window under the term repo because what I have been saying time and again is that it is not the rate alone which is important, it is the window available that is more important,"
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Option and Stock Returns- 29th Oct
29 October 2013 - 02:27 PM
Yesterday we had given calls in options.
Check here:
http://www.growyourmoney.in/market-watch/option-strategy--28th-october
Today it has been more than doubled. 6000 put is at 2.5 and 6200 call is at 55.
Also today calls in Maruti and Sun Pharma also surge. Book profits in them also.
Enjoy and Grow your money.
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Stock Update - 29th Oct
29 October 2013 - 11:19 AM
Maruti is at 1615 and Sun pharma is at 612.