Market Outlook (1 Jan 09)

We had mentioned in the previous issue that the fall in the market, as represented by the Sensex, seemed to be over. We had suggested that it was time for a short rally which would, in all probability, end; this time too, it was important to watch whether the Sensex held the 8,700 level. If it did, at least on the weekly-chart basis, it would mean that the phase of steep declines was ...

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  • Patting One's Back

    Two recent books on India written by authors of two different generationspresent an embrassingly rosy picture of India

    As an assistant editor of Financial Express in 1989, I was asked to write about a new steel plant that was coming up in a place near Amethi, in UP, the constituency of the then prime minister, Rajiv Gandhi. My editor, Swaminathan Aiyar, wondered why a steel plant would come...

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  • Media: Unravelling Deals

    The media’s expansionist heydays are over. They are cutting pages and even closing down editions and offices, says Sucheta Dalal

    Realty and finance have earned a bad name because of the steep fall in share prices, but media stocks were as much the babies of the monster bull run and have been badly hit in India and abroad. US real estate whiz, Sam Zell, enhanced his reputation by exiting at...

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