After recently issuing shares in the IPO at Rs.525 apiece, the DLF scrip has risen by nearly 45% in about 3 months. It’s now ruling at Rs.760 level after touching 790. Its IPO in June was the largest in India, but was soon overtaken by that of ICICI Bank. What do all these mean for […]
Precarious
It has taken the Sensex just 6 days to negotiate an upward 1000 points from 16K to 17K it has reached in today’s trading. The rise is phenomenal and breathtaking. So, what lies next? Herein the opinion is divided. A majority concurs with the view that the bull-run is here to continue further. Some people […]
16K annexed
For nearly a month the stock market has been waiting for the US Fed’s handling of interest rates on Sep 18. Now that it has happened and the rate has been reduced by 50 basis points, the market has erupted like a volcano. Many records have been made today, the most important being the Sensex […]
Getting rich the stock market way
Week before last the looming political storm almost took the market for a ride as the stocks nosedived. I find it fascinating to watch the same analysts fluctuating alternately between optimism and pessimism as the goes on a roller coaster. One cannot blame them because they cannot be seen as singing different tunes when obviously […]
Stock-market blues, and after
Last week the term ‘sub-prime’ engaged the attention of stock market investors in India. Not having heard the curiously sounding term before – agreed I’m not an investing expert who ought to have known it – I banked on the info-spewing Internet search. What I learn is that in US (may be in other big […]
Promising Bharti
Many newspapers today have headlined Bharti’s inking yesterday of deal with retail behemoth Wal-Mart. The left parties object to Wal-Mart’s supposedly ‘backdoor’ entry to the Indian retail scene, but perhaps there is little they can do other than lodging protests. Bharti has an uncanny ability to tie up with global majors for its different ventures […]
Axis Bank
Here’s an instance of an Indian bank voluntarily opting for brand-change. Axis Bank is the erstwhile UTI Bank, and the new name has just come into force from August 1. The name UTI – rather Unit Trust of India – is average Indian’s first brush with capital market by proxy. Presently just UTIMF or UTI […]
Cashing in on stock market boom
If you ask me I’d say there are 2 ways to judge where India is heading. I’d rate them as ‘more visible’ and ‘less visible’. More visible are those that are so obvious that you just need to open your eyes to see them. The roads are choc-a-bloc with more and more cars, number of […]
Topsy-turvy stock market
My nephew, a 20-something professional in interior decoration, is lately enamored with stock investing. Not that he has studied much as to why stocks move either way because he doesn’t need to, for stock investing is not his game as he’s pretty much immersed in his trade in which he has earned good name. But […]
CSE’s new suitors
Once upon a time, the Calcutta Stock Exchange (CSE) was the foremost center after BSE in the country to trade in stocks and shares. Brokers and investors doing it in BSE would invariably have close contact with their fraternity in CSE. On some days the total turnover at CSE would be very close to or […]