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WPI Inflation for Jun 2013 at 4.86%

Wholesale Price Index (WPI) showed inflation of 4.86% today, while everyone was left wondering what the government is smoking and if they could get any of it. ...

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 ...

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 ...

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 ...

The Dollar Return on the Nifty is -8% in 6 Years

As the USD-INR rate hits 61, we get that sick feeling in the stomach that next month, my son’s Lego buy will be that much more expensive. However, the sick ...

Nifty Snapshot: Up 5% in 7 Sessions

The Nifty has closed the week above the 200 Day Moving Average (DMA) and below the 50 DMA, at 5868. We are now 5% up from the very recent lows of just below ...

Chart: Base Rates of Indian Banks Don’t Respond Quickly When RBI Cuts Rates

Since RBI introduced the base rate in 2010, Banks are not allowed to lend below that rate. Take a look at how banks have moved their rates in response to RBI ...

July Manufacturing PMI at 50.3 (No-Change)

The HSBC Markit Purchasing Managers’ Index (PMI) is at 50.3 and stagnant from last month’s 50.1. Remember, the numbers above 50 indicate expansion (higher ...

Nifty Recovers 4% in 2 days, closes June with –2.4%

A huge recovery on Thursday and Friday made the Nifty close just 2.4% below the May close, masking the crazy volatility in the month. The Nifty ended at 5842, ...

Nifty Does Badly, but China, Russia and Brazil are Worse Off in 2013

Nifty’s down 4% for the year (counting from the Dec 31, 2012 close of about 5900) and is among the worst performers of the year. Shanghai (China) and Hang ...