Tag «Dalal Street»

Rupee recovers; indices pare losses

20th August, 2013 : Comments by Amar Ambani, Head of Research, India Infoline Rupee recovers; indices pare losses The cup of sorrows for Indian investors shows no sign of ebbing after both the government and foreign institutional investors left them in the lurch. The Nifty continued to flirt with 5400 as the rupee see-sawed with …

Black Friday! Sensex, Nifty plummet 4%

16th August, 2013 – Comments by Amar Ambani, Head of Research, India Infoline There was blood-bath on Dalal Street as capitulation set in since the onset of trade today. The move was precipitated by a weakening rupee and worsening economic data. The Indian rupee breached the psychological 62 mark against the dollar as steps taken …

Fantastic Friday! Sensex rallies 520 points on reform boost

28th  June, 2013 : Comments by Amar Ambani, Head of Research, India Infoline. The equity market stunned participants on Friday with the Nifty rallying 170 points and Sensex surging over 500 points on the back of government reform initiatives. The government said it would double natural gas prices from the current $4.2 mmBtu (million British …