Market Watch

QE3 is on track to be its largest bond-buying program yet, if it follows the path predicted by Wall Street.

The Fed was expected to wind down its third round of quantitative easing, known as QE3, at the end of this year. But most predictions are now well into 2014, with some as far out as June.

Economists largely believe the government shutdown and debt ceiling debate have forced the Fed's hand, creating a weaker economic outlook and muddying the data the central bank relies on to make decisions.

Given this environment and the leadership transition as

Reserve Bank of India (RBI) Governor Raghuram Rajan today hinted at increasing the key rate at the second quarter monetary policy review tomorrow, citing urgency to anchor inflationary expectations.

"With the normalisation of exceptional monetary measures under way, incremental calibration will be shaped by changes in the growth-inflation balance, keeping macroeconomic stability in consideration," he said in the Macroeconomic and Monetary Developments report on the eve of the policy announcement.

However, the report adds, "Macroeconomic risks still ex

A new investor had just come in to see a famous stockbroker. "Can you tell me how much you charge?" said the investor. "Of course," the stockbroker replied, "I charge $500 to answer three questions!" "Well that's a bit steep, isn't it?" "Yes it is," said the stockbroker, "And what's your third question?"

Maruti Suzuki Q2 net profit up 194% at Rs 670 crore

Bharti Infratel Q2 net profit rises 12 per cent

Dabur India Q2 net profit up 23.4% at Rs 249.74 crore

Ceat Q2 profit at Rs 77 crore, to invest Rs 650 cr

Jindal Stainless Q2 net loss widens to Rs 412 crore

 KEC International Q2 net profit up 34%  at Rs 22.09 crore

Zensar Technologies net profit up 120 per cent at 70.63 crore.

SRF Q2 Net falls 36% to Rs 48 crore

Tata Elxsi Q2 profit jumps 11-fold to Rs 19.9 cr

State Bank of India falls 2 per cent, while HDFC Bank Ltd is down 0.5 per cent.

Falling for the fifth straight session, the BSE Sensex today closed 113 points down at a nearly two-week low as investors remained cautious ahead of the RBI second quarter monetary policy review. Prominent BSE Sensex losers at the close were ITC Ltd, State Bank of India (SBI), ICICI Bank, HDFC Bank, Hindalco Industries Ltd, Hindustan Unilever (HUL), Infosys Ltd, NTPC, Sun Pharmaceuticals Industries, Tata Steel and Tata Consultancy Services (TCS).

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