Anurag Rathore
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India on the brink of its own financial crisis
- Thread starter BigDaddyWatch
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Jason Overdorf
August 20, 2013
India's economy is getting seriously bad. In a serious way.
As economic crisis threatens India, GlobalPost checks in with market gurus Mark Mobius and Dharmakirti Joshi.
India's economy is getting seriously bad. In a serious way. | GlobalPost
August 20, 2013
India's economy is getting seriously bad. In a serious way.
As economic crisis threatens India, GlobalPost checks in with market gurus Mark Mobius and Dharmakirti Joshi.
India's economy is getting seriously bad. In a serious way. | GlobalPost
Not everyone agrees with your gloomy assessment.
==============================================================
India to become superpower by 2012: Kalam - Economic Times
India to become superpower by 2012: Kalam
UDHAGAMANDALAM: Former President A P J Abdul Kalam today lauded ISRO's scientists for successfully launching the PSLV-C9 to put 10 satellites in orbit.
Besides, the Chandrayaan-I unmanned moon mission by the year end would add another feather in the country's space programme, Kalam, here to participate in a school function, said.
India has become very advanced in space technology, he said, adding the country would become a superpower by 2012.
"Though I have envisioned India to become a superpower by 2020, the attitude and the confidence of the youth, to conquer everything in the right spirit, would make the country a global leader and super power within five years," Kalam told reporters.
Source: http://www.defence.pk/forums/world-...come-superpower-2012-kalam.html#ixzz2cZfBsVpN
India is a supar pawer of hot air.
Menace2Society
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http://economictimes.indiatimes.com/markets/stocks/market-news/sensex-slips-in-red-rupee-falls-below-64/-despite-rbi-steps/articleshow/21953814.cms
Sensex slips in red; rupee falls below 64/$ despite RBI steps
By ECONOMICTIMES.COM | 21 Aug, 2013, 02.09PM IST
Sensex pared intraday gains and slipped in the negative terrain as “weak hands” sold off their long positions in the short covering rally.
MUMBAI: The S&P BSE Sensex pared intraday gains and slipped in the negative terrain as "weak hands" sold off their long positions in the short covering rally. Traders were seen booking profits in banks which had led the upmove following the fresh measures from Reserve Bank of India to ease liquidity.
Meanwhile, the rupee was under pressure for fifth straight session on the back of dollars outflows. The partially convertible rupee was at 64.02 down 76 paise against its previous close.
According to analysts, the market is not likely to fall sharply from current levels as most of the negatives seems to have been priced in. Investors should start nibbling at bluechip stocks available at attractive valuations. The market is likely to consolidate in the near term after the US Federal Reserve's minutes on bond programme are released.
At 01:30 p.m.; the 30-share index was at 18,170.51, down 75.53 points or 0.41 per cent. It touched a high of 18,567.70 and a low of 18,104.47 in trade today.
The Nifty was at 5,376.20, down 25.25 points or 0.47 per cent. It touched a high of 5,504.10 and a low of 5,361.10 in trade today.
The S&P BSE Midcap Index was up 0.03 per cent and BSE S&P Smallcap Index gained 0.27 per cent.
Among the sectoral indices, the S&P BSE Bankex was up 1.28 per cent, the S&P BSE Realty Index was 0.41 per cent higher and the S&P BSE Capital Goods Index gained 0.36 per cent.
The S&P BSE Meta Index was down 1.62 per cent, the S&P BSE FMCG Index was down 1.45 per cent and the S&P BSE IT Index was 1.16 per cent lower.
The beaten down banks got a breather from the Reserve Bank of India's fresh measures of ease liquidity.
According to JP Morgan report, the Indian financial sector should bottom out after the RBI's strong moves on capping bond yields. However, the immediate rebound will be impacted by some key negative factors such as slowing growth, currency volatility, continued imbalance between CAD and capital inflows, possible Fed tapering and pressure from oil prices.
Sterlite Industries (3.91 per cent), Sun Pharma (3.09 per cent), ITC (2.31 per cent), Dr Reddy's Laboratories (2.29 per cent) and Infosys (2.21 per cent) among the losers pack.
BHEL (4.33 per cent), HDFC (2.59 per cent), HDFC Bank (2.42 per cent), Tata Power (2.04 per cent) and Jindal Steel (1.13 per cent) were among the top Sensex gainers.
The market breadth was positive on the BSE with 1,049 gainers against 1,028 losers.
The foreign institutional investors sold shares worth Rs 1,424.32 crore while domestic institutional investors were net buyers worth Rs 1,066.15 crore on Monday as per the provisional data from the National Stock Exchange.
Sensex slips in red; rupee falls below 64/$ despite RBI steps
By ECONOMICTIMES.COM | 21 Aug, 2013, 02.09PM IST
Sensex pared intraday gains and slipped in the negative terrain as “weak hands” sold off their long positions in the short covering rally.
MUMBAI: The S&P BSE Sensex pared intraday gains and slipped in the negative terrain as "weak hands" sold off their long positions in the short covering rally. Traders were seen booking profits in banks which had led the upmove following the fresh measures from Reserve Bank of India to ease liquidity.
Meanwhile, the rupee was under pressure for fifth straight session on the back of dollars outflows. The partially convertible rupee was at 64.02 down 76 paise against its previous close.
According to analysts, the market is not likely to fall sharply from current levels as most of the negatives seems to have been priced in. Investors should start nibbling at bluechip stocks available at attractive valuations. The market is likely to consolidate in the near term after the US Federal Reserve's minutes on bond programme are released.
At 01:30 p.m.; the 30-share index was at 18,170.51, down 75.53 points or 0.41 per cent. It touched a high of 18,567.70 and a low of 18,104.47 in trade today.
The Nifty was at 5,376.20, down 25.25 points or 0.47 per cent. It touched a high of 5,504.10 and a low of 5,361.10 in trade today.
The S&P BSE Midcap Index was up 0.03 per cent and BSE S&P Smallcap Index gained 0.27 per cent.
Among the sectoral indices, the S&P BSE Bankex was up 1.28 per cent, the S&P BSE Realty Index was 0.41 per cent higher and the S&P BSE Capital Goods Index gained 0.36 per cent.
The S&P BSE Meta Index was down 1.62 per cent, the S&P BSE FMCG Index was down 1.45 per cent and the S&P BSE IT Index was 1.16 per cent lower.
The beaten down banks got a breather from the Reserve Bank of India's fresh measures of ease liquidity.
According to JP Morgan report, the Indian financial sector should bottom out after the RBI's strong moves on capping bond yields. However, the immediate rebound will be impacted by some key negative factors such as slowing growth, currency volatility, continued imbalance between CAD and capital inflows, possible Fed tapering and pressure from oil prices.
Sterlite Industries (3.91 per cent), Sun Pharma (3.09 per cent), ITC (2.31 per cent), Dr Reddy's Laboratories (2.29 per cent) and Infosys (2.21 per cent) among the losers pack.
BHEL (4.33 per cent), HDFC (2.59 per cent), HDFC Bank (2.42 per cent), Tata Power (2.04 per cent) and Jindal Steel (1.13 per cent) were among the top Sensex gainers.
The market breadth was positive on the BSE with 1,049 gainers against 1,028 losers.
The foreign institutional investors sold shares worth Rs 1,424.32 crore while domestic institutional investors were net buyers worth Rs 1,066.15 crore on Monday as per the provisional data from the National Stock Exchange.
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