The year 2012-13 may perhaps be the year in which the downturn in the
Indian economy was arrested and a semblance of resurgence brought back.
Considerable credit goes to the Finance Minister for saving the nation
from a possible downgrade by the global rating agencies, which had
become a real threat by middle of the previous year.
The improved sentiment and confidence translated to substantial fund
flows being diverted to the Indian equity markets in the second half of
2012. FII flows to the Indian market aggregated a staggering US$ 30.8
billion for the full financial year ended March, 2013. The Sensex and
the BSE 200 index recorded an appreciation of 8.2 percent and 6 percent
respectively for the fiscal year. This compares better to the trend in
the previous year with the Sensex recording a negative return of 10.5
percent. Continue reading Indian Economy Review -May 2013→
The Nifty remained in a tight raage the whole day, and there were traces of profit booking with sudden downward spikes, which were promptly arrested with fresh buying signals. High volatility was witnessed during the latter part of the trading session as key benchmarks reversed direction and moved into the positive terrain. As per provisional figures the S&P BSE Sensex was up 35.63 points to 20282.96. The CNX Nifty was down 14.05 points to 6183.95 as per provisional figures. The market breadth was negative. On BSE 1245 shares declined and 1112 shares rose.
Reliance Industries, which has been doing well this week, fell 0.68% to Rs 834.40. ITC fell 0.62% to Rs 334.70. Power equipment makers rallied across the board. ABB jumped massive 21% on large volumens. Crompton Greaves L&T Bhel and Siemens advanced 2.34% to 9.69% Auto stocks were mixed. Tata Motors rose 0.05%. Maruti Suzuki India fell 1% to Rs 1709.40. M&M rose 0.03% to Rs 985.50. Two wheeler markers were mixed. Bajaj Auto rose 1.44%. Hero MotoCorp dropped 0.56%. Motherson Sumi Systems lost 4.11%. Continue reading Indian Stock Market Review – 17May2013→
Reliance Natural Resources Ltd (RNRL) was merged into Reliance Power Ltd in 2011, in 4 to 1 share ratio. Last traded price of RNRL was Rs 42.25, which makes Reliance Power price of Rs 169 as the benchmark price for this merger.
