Rupee See-Saw
The currency markets have been adjusting the valuation of the US dollar over the past six years. Its trade-weighted index now, at 80, appears fairly adjusted against all the major currencies compared to its peak of 120 in mid-2002. Viewed against this performance of the US dollar against major currencies, at around its current price of Rs48, the Indian rupee has gained about 3%...
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Solid Gains

 

Gainers: The biggest gainer among bank stocks was ICICI Bank; it was up 22%. Axis Bank posted a 34% and 47% increase in income and operating profit, respectively, in the June quarter but the stock had already run up. It rose 21%.  Tata Consultancy Services posted a growth of 8% and 12%, respectively, in sales and operating profit for the June quarter. This was a surprise and all analysts...

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Powering Ahead

Our selected stocks from pharma to software to cement, all gained handsomely

Gainers: Nava Bharat Ventures (up 24%) gained the maximum. Lupin plans to invest Rs450 crore to accelerate growth. It will increase capacities in India to serve the global market. The stock surged 19%. Another pharma stock Unichem also shot up 14%. Axis Bank posted 34% and 47% growth in sales and operating income,...

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