“Definitely a good point to buy”: says chief economist at: NriInvestIndia.com Markets rallied another 400 points, with massive buying seen in all major blue chip counters. The good part for the Indian economy is the fact that the Indian ADRs trading on NYSE and other US stock exchanges is witnessing some buying too. This clearly [...]
The markets were all about ups and downs in the gone week, with a final pickup that we saw on Friday. Yes the markets are down and beaten, trading below the long awaited 10,000 mark at the sensex (BSE: Bombay Stock Exchange). Analysts do believe that the buying can be seen coming at these levels, [...]
RBI & SEBI action on the Indian Stock Market The Reserve Bank of India on Monday evening (6th Oct) cut the cash reserve ratio by 50bp to 8.5%. The cut will come into effect from 11th October 2008 and is estimated to release about Rs20,000 cr into the system. The last time RBI had cut [...]
