Aditya Birla Money Ltd

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Name: Aditya Birla Money Ltd
First reported Jun 17 2013 - Updated Jun 17 2013 - 1 reports

Market will take cues from US Fed policy for direction: Analysts

MUMBAI: The much-awaited policy review meet of the Reserve Bank of India failed to create any impact on the Indian equities. The market, after a knee-jerk reaction, regained composure and pared intraday losses after the RBI left interest rates unchan ... [Published Economic Times - Jun 17 2013]
First reported Jun 17 2013 - Updated Jun 17 2013 - 1 reports

RBI retains key rates: What experts say

Source: IRIS (17-JUN-13)Comments | Post CommentThe Reserve Bank of India (RBI) in its mid-quarter monetary policy review has retained CRR and repo rates. It has kept the cash reserve ratio (CRR) of scheduled banks unchanged at 4% of their net demand and ... [Published MyIris - Jun 17 2013]
First reported Jun 15 2013 - Updated Jun 15 2013 - 1 reports

Global rally, lower inflation push up markets

Indian shares surged today as global markets rallied and wholesale inflation figures bettered market expectations.The market, pressurised under a weakening rupee, found triggers in the improving US economy, where retail sales figures showed improvement ... [Published Smart Investor - Jun 15 2013]
First reported Jun 13 2013 - Updated Jun 14 2013 - 1 reports

MMTC share sale sails at 72% discount

The offer for sale (OFS) by public sector firm MMTC of 9.33 per cent stake, or 93.3 million shares, was oversubscribed 1.55 times on Thursday.As a result of this disinvestment by the government, MMTC became the first firm this financial year to comply ... [Published Financial Chronicle - Jun 13 2013]
First reported Jun 12 2013 - Updated Jun 13 2013 - 2 reports

April IIP grows 2%: What experts say

India's industrial production, as represented by the Index of Industrial Production (IIP) grew at 2% in April 2013, which was below the market expectations of 2.7%. While, India's Consumer Price Index (CPI) or retail inflation eased to 9.31% (combined) ... [Published MyIris - Jun 12 2013]
First reported Jun 11 2013 - Updated Jun 11 2013 - 1 reports

Market Simplified Unveils its State-of-the-Art Mobile Banking Suite

A Platform That Simplifies and Integrates Financial Information and a Team That Engages - Innovates - Co-Creates to Provide the Best User Experience With the Ability to act Anytime, AnywhereMarket Simplified India Ltd., a top provider of mobile banking ... [Published DNA India - Jun 11 2013]
First reported Jun 06 2013 - Updated Jun 06 2013 - 1 reports

Sensex off lows; Bharti Airtel, GAIL, CIL down

MUMBAI: The S&P BSE Sensex is witnessing a weak session in line with other global peers and as rupee decline against the US dollar raised current account deficit concerns. According to analysts, the market is likely to remain choppy with negative bias ... [Published Economic Times - Jun 06 2013]
First reported Jun 03 2013 - Updated Jun 04 2013 - 1 reports

Nifty hovers near 5,950; auto, power, FMCG down

MUMBAI: The Nifty extended intraday losses and was hovering around 5,950 level on Monday as weakness in Asian markets pushed bulls to the sidelines. Gains in technology, healthcare and metals were offset by losses in oil & gas, auto and power sector ... [Published Economic Times - Jun 03 2013]
First reported Jun 01 2013 - Updated Jun 01 2013 - 1 reports

Keep tabs on your mutual funds

Capital market regulator Securities and Exchange Board of India (Sebi)’s regulations require all mutual funds to make several key disclosures in their half-yearly financial statements relating to their schemes to provide transparency to investors.Here ... [Published Financial Chronicle - Jun 01 2013]
First reported May 28 2013 - Updated May 29 2013 - 1 reports

Sensex slips in red; Sterlite, M&M, HDFC down

MUMBAI: The S&P BSE Sensex failed to stay afloat above 20,100 level and slipped in the negative territory on Tuesday as investors remained on sidelines in lackluster trade. According to analysts, the market is likely to consolidate in the near term and ... [Published Economic Times - May 28 2013]
First reported May 27 2013 - Updated May 28 2013 - 1 reports

Sensex rallies over 200 points, Nifty above 6050

MUMBAI: The Sensex continued to remain on firm foot and surged over 200 points in afternoon trade on Monday, led by gains in index heavyweights Reliance Industries, Sun Pharmaceuticals and BhartiAirtel.Positive cues from European markets also provided ... [Published Economic Times - May 27 2013]
First reported May 22 2013 - Updated May 23 2013 - 1 reports

Nifty rangebound; tech, metals, pharma advance

MUMBAI: The Nifty was moving in a narrow range after a firm opening on the back of positive cues from global peers on Wednesday. Technology, metals and healthcare sectors led the upmove while realty sector remained subdued."After shedding some gains for ... [Published Economic Times - May 22 2013]

Quotes

"Overall we believe the policy action by the RBI to be neutral for the markets. From an equity market perspective, the markets might continue to be volatile due to global cues. We advise investors to use the short term weakness in the market to accumulate quality stocks in (1) sectors with visibility on growth - consumption and pharma, (2) interest rate sensitive like banking and auto, and (3) reform led sectors like oil & gas and media" said Vivek Mahajan, Head of Research, Aditya Birla Money
Vimal Bhandari, CEO and managing director, IndoStar Capital Finance said, "While the key rates remained unchanged, along expected lines, the hawkish tone of RBI on inflation outlook would need to be factored in for looking at future easing. We have not yet seen any uptick in the investment cycle; a possible boost could come if Government can resolve issues in the marooned infrastructure projects, especially in the power sector. There are no surprises in the policy and we would need to see how the external situation develops especially how the rupee behaves over the next couple of weeks."
"IIP headline data for April came below street expectations. The sluggish growth in IIP was mainly on the back of negative growth in mining & consumer durables. Additionally, muted growth in capital goods and electricity contributed to the slowdown in growth" said Vivek Mahajan (Head - Research) Aditya Birla Money
Commenting on the implications of IIP numbers on the markets, Mahajan said, "Our equity markets might continue to be volatile on account of (1) global equity market weakness due to concerns over tapering of the US Fed quantitative easing program and (2) concerns over rupee weakness. With the recent rupee weakness and its negative implications for inflation, markets have priced in a unchanged repo rate in the upcoming RBI monetary policy meet. Diesel and petrol prices are likely to be hiked over the weekend to adjust for the inflationary impact of the rupee weakness."

More Content

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Market will take cues from US Fed policy for di... [Published Economic Times - Jun 17 2013]
RBI retains key rates: What experts say [Published MyIris - Jun 17 2013]
Global rally, lower inflation push up markets [Published Smart Investor - Jun 15 2013]
MMTC share sale sails at 72% discount [Published Financial Chronicle - Jun 13 2013]
Sensex off lows as rupee appreciates; metals, F... [Published Economic Times - Jun 12 2013]
Use short-term weakness to accumulate quality s... [Published MyIris - Jun 12 2013]
April IIP grows 2%: What experts say [Published MyIris - Jun 12 2013]
April's industrial production is below street e... [Published rediff.com - Jun 12 2013]
Market Simplified Unveils its State-of-the-Art ... [Published DNA India - Jun 11 2013]
SEBI’s dilemma: To act or not? [Published zeenews.com - Jun 06 2013]
Sensex off lows; Bharti Airtel, GAIL, CIL down [Published Economic Times - Jun 06 2013]
Nifty hovers near 5,950; auto, power, FMCG down [Published Economic Times - Jun 03 2013]
Keep tabs on your mutual funds [Published Financial Chronicle - Jun 01 2013]
Sensex slips in red; Sterlite, M&M, HDFC down [Published Economic Times - May 28 2013]
Sensex rallies over 200 points, Nifty above 6050 [Published Economic Times - May 27 2013]
Nifty rangebound; tech, metals, pharma advance [Published Economic Times - May 22 2013]
Motilal Oswal recommends Maruti Suzuki; Aditya ... [Published Topnews.in - Nov 03 2012]
Sensex, Nifty In Red; Tech, Power And Oil & Gas... [Published Topnews.in - Jun 01 2012]
Buy HDFC Bank on Declines, says Hemant Thukral ... [Published Topnews.in - Feb 23 2012]
L&T Finance Holdings Introduces Its IPO [Published Topnews.in - Jul 26 2011]
Sensex surges 434 points [Published Topnews.in - Apr 14 2011]
Sell IOB with a target of Rs 130 [Published Topnews.in - Mar 07 2011]
Long Term Buy Call For ICICI Bank [Published Topnews.in - Dec 29 2010]
Aditya Birla Money first quarter net profit up ... [Published Topnews.in - Aug 06 2010]
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