Correction Time: Stock market faced sell-off last week

posted at Indiatimes by alviataylor(1039) 27 days ago

The other index stocks to go up included Wipro, Sun Pharmaceutical, Grasim and Hindustan Unilever with gains between 3.2% and 0.9%. Reliance Communications was the biggest loser among index stocks with a 23.3% loss. The other index stocks to go down included DLF, Reliance Infrastructure, Hindalco and ICICI Bank with losses falling between 18.6% and 12.7%. Thinksoft Global Services was the biggest

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For RCom, ‘per-second billing’ call is still waiting

posted at Indiatimes 27 days ago

Last month, RCom joined the ongoing tariff war by announcing its 50 paise a minute ‘Simply Reliance’ plan. Experts tracking the sector said in a market where average revenue per user is already among the lowest, such tariff pressures will impact profitability. “Per-second billing is the most you .. more »

Christopher Wood bets big on Indian equities

posted at Indiatimes 27 days ago

The point to highlight here is the continued reliance on the government for growth in America’s now increasingly command-driven economy. This is clear from the severe slump in car sales after the end of “cash for clunkers”. When it comes to mortgages, 98% or more of the issuance is underwritten .. more »

Festive boost for auto sales in Oct

posted at Indiatimes 27 days ago

Auto majors such as Suzuki and Hyundai Motors, South Korea’s biggest automobile maker, have seen growth buoyed by sales of small car in emerging markets. According to international media reports, Hyundai recorded about 55% of sales from China and India while Toyota saw around 31% of sales coming from emerging markets. Hyundai, the .. more »

Is Sensex entering a corrective zone?

posted at Indiatimes 27 days ago

In the two weeks since the Muhurat Day trading on October 17, the sensex has lost nearly 8%, or 1,340 points, to its current level of 15,896. This huge slide has also made the last fortnight the worst for the sensex in the post-Diwali trading period in 10 years. To a large extent, this loss is attributed to selling by foreign institutions while .. more »

Infra story to keep india ticking: Christopher Wood

posted at Indiatimes 27 days ago

“I am always going to be overweight on India unless there is a real dramatic problem here,” Wood told ET NOW in an interview. The 52-year-old former journalist with The Economist presided over the most celebrated research reports on Indian equity investments way back in 2003 called ‘The .. more »