In your interest.
Online Personal Finance Magazine
No beating about the bush.
In a fortnight of unabated market carnage, even the losers appear winners as they outperformed the Sensex
It was the worst fortnight ever in recent memory, with the Sensex going down 20%. But 63% (17 stocks out of 27stocks) of our A grade stocks have outperformed the Sensex. During the fortnight, banks had something to cheer about as the Reserve Bank of India (RBI) announced a 250...
One sector that has been hit by the financial crisis and its own greed is realty. For the past few years, most realty companies were on a fund-raising spree – money was freely available through IPOs, private equity and short-term paper – that was entirely used to create land banks and invest in mega commercial and residential complexes. Simultaneously, they kept driving up realty prices to a...
Market mayhem continued unabated but banking stocks improved marginally
The Reserve Bank of India announced a 250 basis point cut in three instalments in the cash reserve ratio of banks to improve liquidity. That, along with a ‘positive outlook’ for Indian banks announced by credit rating agencies helped bank stocks go up. Union Bank of India, Bank of Baroda and Bank of India went...