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Economy
RBI Release: Rate Cuts, Sector Sops
The RBI has cut rates by 1%. The Repo rate is now 6.5% and the reverse repo is 5%. Just 1%? I believe a much bigger response is necessary, but then ...
Commentary
Two pieces of bad U.S. News: Unemployment and Mortgages In Trouble
Unemployment has reached 6.7% in the US, with November showing a drop of 533,000 jobs. Over 1.25 million jobs in the last three months have been lost, and the ...
Economy
Petrol prices cut by Rs. 5, Diesel by Rs. 2
As of Friday midnight, four hours from now, the prices of Petrol and Diesel in India will be down by Rs. 5 and 2, respectively. A cut in diesel prices is ...
Foundations
F&O Course: Has to be Dec 13
Due to some unscheduled laziness the Futures and Options course has had to be moved to December 13. I wanted to do it tomorrow but for this WiZiQ will have to ...
Stocks
FMPs can't be redeemed, have to trade on exchanges
SEBI’s new ruling: 3. It was decided that no early exit will be allowed in any scheme of Mutual Fund in the nature of a close ended scheme. The schemes ...
Commentary
Rate cuts: ECB does 0.75%
The European Central Bank has cut interest rates by 75 basis points, to 2.5%. This follows the UK rate cut by 1%, and most other European and Chinese cuts. And ...
General
ICICI FMPs rated AAAf – What does that mean?
Business Standard: 35 FMPs of ICICI Prudential AMC rated AAAf by Crisil Thirty-five Fixed Maturity Plans (FMP) of ICICI Prudential AMC, one of the leading ...
Stocks
SoS Update: Cover HDIL
I’ve covered HDIL in the Short Only strategy as it crossed my stop loss (84). I have covered it at the close (91.9). All other shorts still intact, and ...
Economy
Inflation data delayed – Why are we surprised?
ET says “Inflation data delayed, no reasons given“. How surprising is that? For a long time, Inflation data would come out at 12 noon on Friday. ...
Stocks