Kudos for delivering excellent analysis and throwing a lot of light on various market-related issues. Your articles guide us in taking decisions. I have a query. Anirban Banerjee has recommended JCT Ltd to be considered for the long term. Sucheta Dalal has highlighted the shocking case of the de-merger of English Indian Clays leading to a fall in share price. I would like to bring to your...
In my last piece, I had warned that severe volatility was round the corner. While we were witnessing huge intraday volatility last month, the market was not really going anywhere on a daily-closing basis. Even on a weekly basis, it had hardly budged till the day the Budget was presented. By the end of the Budget week, the Sensex was up by 230 points and Nifty by 113 points. However, the market...
On 4th March, the share price of ICICI Bank tanked by 9% on reports that it had lost a whopping $264 million due to the US subprime crisis. The market was rife with rumours that other Indian banks would report similar losses on their overseas exposure. Later, one learnt that the news originated from a finance ministry reply to a question in Parliament. But that afternoon, panicky investors...
