Food inflation to ease in two months: Montek Singh
The food and aggregate inflation would trend down over the next two months, the Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia said on Monday.
It is important that the government-market borrowing is managed well, he said. He hoped that the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) allocation would increase by next year.
“I would [...]
Sensex could scale 21000 in 2009: Macquarie
Richard Gibbs, Global Head, Macquarie Securities said that there would be a greater rush of liquidity in India and China — two of the world’s leading high beta markets. “I expect we are going to see valuations stretch as that money continues to come in.”
He added that the Sensex breaching 21,000 was possible in 2009 [...]
Market pares gains
The key benchmark indices pared gains in mid-afternoon trade Gains
in European stocks and higher US index futures supported market.
Commerce minister Anand Sharma extending tax sops to exporters in
the new foreign trade policy unveiled today, 27 August 2009 also
aided sentiment. Oil & gas, construction, cement and infrastructure
stocks rose. IT stocks gained after the top three IT [...]
IT stocks lead recovery as Sensex extends gains for fourth day
Sustained buying demand in index pivotals helped key benchmark indices extend gains for the fourth day in what was a highly choppy trading session. Indices logged decent gains as pivotals rebounded after an early slide with software stocks leading the recovery. The BSE 30-share Sensex rose 59.72 points or 0.38%, up 265.08 points from the [...]