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Month: July 2013

5 / 7

The Failure Of Financial Web Startups

This is going to be a long post. Investopresto, a finance portal, shut shop a couple of days back. They follow other illustrious startups to create financial ...

IIP for May 2013 at–1.6%, Lowest in a Year

The Index of Industrial Production (IIP) data for May 2013 came in on Friday at –1.59% over last year, the first IIP drop since December 2012 and the biggest ...

CPI Inflation for Jun 2013 Goes Back Up to 9.87%

CPI Inflation reared its ugly head again, moving up to 9.87% in June 2013. WPI comes in on Monday, and even that’s likely to go up. Where have things gone ...

Infy Announces Subdued Results, Up 12%

Infosys announced results today and the stock is up 12%. What’s that about? We don’t know, and all we’re sure of is that markets surprise you. As usual, ...

Fed Minutes and Ben Make Indian Markets Cheer

It seems the US Federal Reserve said something slightly out of the ordinary, and our steroid deprived markets took this as a dose of major happiness, going up ...

MOSPI Shifts Data Release Time To 5:30 PM

The release of CPI, IIP and GDP data will soon be moved to 5:30 PM. Presumably this avoids volatility in the market during the time that this data is released. ...

Currency Derivatives Trading Hits 38,000 cr. per day in June 2013

When you were not watching, the NSE currency derivatives market has gone absolutely berserk. With more than 38,000 cr. ($6 billion now) being traded daily ...

RBI Bans Banks from Prop Trades in Exchange Futures, SEBI Doubles Forex Margins

The Reserve Bank of India (RBI) has decided that it is important, in the light of a falling rupee, that the problem can be solved even partially by stopping ...

Chart: Nifty With Dividends Reinvested (Total Return)

Here’s how the Nifty has fared including and without dividends reinvested:   (Ignore the squigglies in 2011. That’s bad data, but it’s the source ...

OT: Speaking at Traders’ Carnival 2013, Pune

I will be a speaker at at a Trader Conference called "Traders’ Carnival", being conducted by J. Dharmaraj (@ra1nb0w). The topic is on options, ...