Highlights of Union Budget 2013-14 Union Budget 2013 was presented by FM Mr P Chidambaram, Lot of expectation was there from FM but he was unable to meet. It was a so-so budget but not a growth oriented one which market participants were looking for. So what was the reason for Sell Off? Devil was… Read More »
Global growth slowed to 3.2% vs 3.9% yoy. CSO estimated GDP growth at 5% for FY13. Biggest concern is high current account deficit; we need $75 billion to finance CAD. Current account deficit a bigger worry than Fiscal Deficit. FII, FDI or external commercial borrowing to finance CAD, is the only way forward FY14 plan… Read More »
Highlights of Economic Survey 1. FIIs sold 25 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 1.4 cores with net Open Interest increasing by 38839 contracts.FII has done rollovers yesterday and will trade heavily in March segment tommrow. 2. General Budget of 2013-14 will be presented tommrow at 11 AM. Lot… Read More »
The government today tabled the Economic Survey for 2012-13 (Apr-Mar) in Parliament. Following are the highlights: GROWTH, INFLATION * Indian economy likely to grow 6.1-6.7% in FY14 * WPI inflation may decline to 6.2-6.6% in Mar * Lower inflation to create room for more rate cuts * Growth downturn more or less over, econ… Read More »
Technical analysis reflects the voice of the entire marketplace and, therefore, does pick up unusual behavior. By definition, anything that creates a new chart pattern is something unusual. It is very important for me to study the details of price action to see if I can observe something about how everybody is voting. Studying the… Read More »
Core Education shares dropped as much as 65 per cent to Rs. 99 before making some recovery. It is India’s largest global education company and provides transformational and innovative solutions in the education space. Core Education had reported a consolidated sales turnover of Rs. 485 crore and a net profit of Rs. 68 crore for… Read More »
Following are highlights of the Railway Budget for 2013-14 (Apr-Mar), presented by Railway Minister Pawan Kumar Bansal in Lok Sabha today: FY14 BUDGET * Rail land development authority allocation 10 bln rupees * FY13 railway losses seen 246 bln rupees vs 225 bln yr ago . 12TH PLAN * 12th Plan gross budgetary support 1.94… Read More »
“Strategies don’t make money – people do. I have taught the same strategy to hundreds of people, all of whom have achieved different levels of success .What is the difference? The person!” Godrej Industries Godrej Indutries is trading in Horizontal channel, trading in the range of 332-283. Stock is also near its 200 DMA which… Read More »
Today once again Retail Investor were taken off guard with a carnage in Mid caps stocks. Core education lost more than 60% of its market capital in few hours, Many other stocks dived more than 20% of their market cap.The sharp selloff was in contrast to the benchmark Sensex and Nifty which traded flat. Core… Read More »
Kernex Microsys The Railway Budget 2013-14 is scheduled to be presented in the Lok Sabha on February 26.Railway stocks has not shown any spike up as they mostly do. Stock has shown a decline of 8.4% with rise in volumes last Friday. Kernex is trading near its 200 DMA, and strong support of 56 as… Read More »