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FIIs Sell 60,000 cr. in Two Months, Highest Exits Ever

FIIs have been leaving in droves, it seems and the last two months have been the worst, on a monthly basis, in FII history. They have sold more than 60,000 cr. ...

Tech Gloat: Nifty Falls to Lower Bollinger Band, Is Airtel Setting Up too?

I wrote in a tech note on July 29 that multiple indicators point to a fall in the Nifty. Two very powerful ones seem to be an Bollinger Band rejection along ...

Dollar Now at 61.7, Euro at 80.95; Looking Ominous

The dollar is at Rs. 61.1 61.7 and things look bleak again. Despite the cut in liquidity by the RBI, the dollar is hitting a new high against the rupee – and ...

July PMI for 2013 Contracts, A Four Year Low

India’s Purchasing Managers Index (PMI) for July 2013 came in at 48.4 (composite of Manufacturing and Services) the lowest since 2009.   Numbers below ...

“Sell in May and Go Away” Proved Right for the first time since 2001

July ends with a –1.7% return on the Nifty and it is the first time since 2001 that we have had a negative June followed by a negative July. This is not huge ...

Just Three Sectors Have Propped Up the Market in 2013

You don’t know how tough this market is until you’ve seen the carnage in the stuff that is not the Nifty. First,the broad Indexes this year: While the ...

IndiaBulls Relists But Hits 4 Consecutive Lower Circuits; ESOP Sellers Or Something Else?

Indiabulls Financial Services merged with Indiabulls Housing Finance, and shareholders in the old company have the same number of shares in the new entity. ...

Tech Note: Nifty Poised for Further Fall

The Nifty has just crossed below its 20 and 50 Day Moving Average and has reversed 3% from recent highs. Additionally, after a decent run, the MACD has turned ...

RBI Goes Ballistic, Cuts Repo Limits By Half, Removes CRR Flexibility

More RBI measures to “contain the volatility in the foreign exchange market”. In addition to what they did to reduce rupee liquidity (increased MSF rate, ...

Chart: Forty Five Years of Industrial and Farm Labour Inflation

Consumer Price Indexes for Agricultural Labourers and Industrial Workers have been available since the 1960s. Here’s a long term chart of how they’ve ...