Indian Economy grows by 7.6 pc in Q2
November 28, 2008
Powered by construction and services, the Indian economy notched a reasonable growth rate of 7.6 per cent in the second quarter of the current fiscal, but analysts said monetary supply should be further eased to prevent the growth from declining in the remaining quarters.Though quarterly GDP growth was the lowest since the last quarter of 2004, it was better than expected by many analysts, despite poor growth in manufacturing, agriculture and mining.
The Prime Minister’s economic panel member M Govinda Rao said, “It is better than expected, but in the second half there will be definitely a slowdown in manufacturing and services. I expect overall GDP figure to be at seven per cent this fiscal.” Compared with the year-ago period, the Indian economy seemed to be slowing as the growth was 9.3 per cent in the second quarter of the previous fiscal, but it was expected to moderate as a consequence of the global financial crisis and other domestic factors.
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Sensex gains 200 points in opening trade
October 17, 2008
The 30-share index, which had lost nearly 900 points in the past two sessions, recovered by 205.44 points, or 1.94 per cent, at 10,786.93 on renewed buying in the stocks of banking, capital goods and realty sectors.
The wide-based National Stock Exchange’s Nifty rose by 66.65 points, or nearly 2 per cent, at 3,335.95 points.
Marketmen said overnight gains at the US stock markets and easing liquidity conditions in the markets after the RBI announced a cut of 100 basis points in the CRR to release extra 40,000 crore into the system helped sentiments improve.
Easing inflation, which fell to 11.44 per cent for the week ended October 4 from 11.80 per cent a week ago also had a positive impact.
Covering up of short positions by speculators in view of some improvement in the behaviour of market also supported the recovery trend in stock prices, they said.
Major gainers in the opening trade were BHEL, up by Rs 35.50 at Rs 1348.50, Larsen and Toubro by Rs 24.75 at Rs 850.50, Reliance Industries by Rs 26.30 at Rs 1,423.55, Reliance Infra up Rs 16.60 at Rs 574 and Satyam Computers by Rs 3.60 at Rs 276.65.
Overnight on wall Street, the US Dow Jones Industrial Average closed higher 4.68 per cent.
Asian stock markets were also trading in the positive territory with Japan’s Nikkei gaining 2.33 per cent in opening trade today.
News source PTI
Lehman Brothers bankruptcy
September 15, 2008
Lehman Brothers Holdings In said it plans to file for bankruptcy protection, but the Chapter 11 filing will not include its broker-dealer operations and other units, including Neuberger Berman.
Lehman Brothers declared bankruptcy Monday and Merrill Lynch announced a rescue sale in a series of dramas in the US financial system which hit European stocks as soon as trading began.
Photo : AFP
The stunning fall of Lehman Brothers, one of the highest profile investment institutions, came after a frantic weekend marking a dangerous new chapter in the financial crisis sparked by failings in the subprime home-loan market.
In Frankfurt, the European Central Bank said it was ready to intervene again on the money market.
Portfolio Management and types
August 4, 2008
-Ameya Pimpalgaonkar
Portfolio management is the professional management of shares, bonds etc, assets (e.g. real estate), to meet specified investment goals for the benefit of the investors. portfolio is an appropriate mix of or collection of investments held by an institution or a private individual.
We can divide portfolios into three, namely Conservative portfolio, Moderate portfolio and Aggressive portfolio. These portfolios have been designed keeping in mind various key parameters like the time horizon of investment, returns expected, the indices to which they are benchmarked etc.
Portfolio Management is an incomplete exercise without a periodic review. Every security should be subject to severe scrutiny and a case made out for its continuation or disposal. The frequency of review will depend on the size; amount involved and the kind of securities held in the portfolio. We have included the intervals at which the performance of each portfolio will be reviewed.
