It’s been a mixed bag. Most stocks declined but a few were up as well
Gainers
Even in a bad market such as this, producer of non-basmati rice, Lakshmi Energy and Foods (LEF), was up 8% due to two reasons: removal of the ban on rice exports and the power purchase agreement with Power Trading Corporation for selling its ‘green power’ at a minimum assured price of Rs7.50 per unit for one year...
Indian banking stocks decline post-Lehman Brothers bankruptcy but not steeply
Gainers
In a market, which is going through a sharp decline, only eight stocks in the long-term list with A grade ended in the positive. Smaarftech Technologies, a subsidiary of Glodyne Technoserve, has signed an agreement with Bihar State Electronics Development Corporation for executing a turnkey technology...
All this while, experts thought that it was all about oil. If oil prices come down below US$100, it will solve all our problems and markets will take off vertically, was the assumption. Well, oil is below that figure now and the Sensex is threatening to make a new low. There are fears that the decline is not yet over. It is searching for a new bottom. Experts have a habit of calling bottoms...
