In a day of political drama, characterized by various allegations/suitcase politics, the incumbent UPA govt won the trust vote yesterday by a bigger than expected margin of 19 votes. Besides going ahead with the nuclear deal, tackling the high inflation (especially in the context of a not so good monsoon) needs to be priority #1 task for the Government. (more…)
Category: Economy, Markets and Macro Views
Research on Indian Economy, Markets and Macro Indicators
Historical BSE Sensex Returns – From 1985 to 2008 YoY
We present one of the best data sets to our readers. We are probably the first one to publish BSE Sensex Historical P/E Graph from 1990 to 2008.
In continued quest to educate the Indian investor, a table containing historical returns of BSE Sensex between 1985 to 2008 is being presented. The dataset contains returns of BSE Sensex in the first and second half of respective year followed by full year returns. (more…)
RIL arbitration against RCom – Ambani Brothers Corporate Battle to Intensify
Reliance Industries (RIL) led by the elder Ambani bother Mukesh has initiated arbitration proceedings against Reliance Communications (RCom), the company led by the younger brother Anil.
RIL has nominated Justice B P Jeevan Reddy as arbitrator for disputes with RCom, which is in talks with the South African telecom giant MTN for a merger deal. (more…)
India’s Local Currency Outlook Negative – Fitch
Breaking News:Fitch Ratings jus minutes ago revised the Outlook on the Republic of India’s Long-term local currency Issuer Default Rating (IDR) to Negative from Stable, while affirming the rating at ‘BBB-‘ (BBB minus).
Inflation to touch 17%. Repo Rate 11% – Barclays Research
In a somewhat bearish view on India, Barclay Capital research is forecasting the Indian Inflation to hit 17% by Sept-2008 and will continue to stay in Double Digits until May-2009. (more…)
Rising Inflation + Falling Industrial Production Worries Investors
Inflation, as measured by the Wholesale Price Index, rose to 11.89% for the week ending Jun 28 vs. 11.63% last week and 4.42% a year ago. Component wise, primary articles were up 10.8%; manufactured products were up 10.6%, fuel price index was up 16.3%. Like the past, the price index of iron-ore is up +46%, basic metals +22%, manufactured food products +16.7%, chemicals +9.5% and textiles +5.8%, and the continued uptrend in industrial fuels. (more…)