22/Mar/2013 11:44 AM
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Market Eye - Bharti Airtel Ltd shares are in a "perfect head and shoulders pattern", making the stock vulnerable to further falls to 260-265 rupee levels, says A K Prabhakar, an analyst at brokerage AnandRathi.
By Rahul Karunakar and Rafael Nam
BANGALORE/MUMBAI - Indian stocks will hit a record high this year on looser monetary policy and fiscal reforms, but concerns over a widening budget deficit could limit the upside, a Reuters poll predicted.
The benchmark BSE index is expected to rise 13 percent over the rest of 2013, half of the 26 percent surge last year, accordin
Below is the today's market quote from Mr. K. Subramanyam, AVP - Institutional Research, Asit C. Mehta
Global uncertainty and domestic woes put market under cloud
The Greece episode has brought gloom around global markets and threatens to brew a fresh crisis on its own .Amidst this ,our own domestic events like the cobrapost expose on banks ,
Below is the quotes on RBI policy by Mr Motilal Oswal,CMD,Motilal Oswal Financial Services Ltd
Also find his pictures attached
Please feel free to use it if you are doing any stories re the same
RBI has provided the expected fillip to the economy by cutting rates by 25bp. This is second in the series and holds the promise of RBI walki
Below is the views /quote on RBI Policy by Mirae Asset Global Investments
Please feel free to quote Yadnesh Chavan, Fund Manager - Fixed Income, Mirae Asset Global Investments (I)
“In today`s mid-term policy review RBI cut the repo rate by 25 bps which is very reasonable given the limited elbow room which RBI has given the divergence between wholesale inflat
Market Eye - Macquarie says INR takes a 'double blow' from a marginally less dovish RBI and negative political development which should take the wind off the government's reform sail, but adds developments are not a 'knock out'.
The investment bank maintains a modestly negative view on INR, keeping its 3-month USD/INR target at 56 for now.
Below is the perspective on the Monetary Policy from Mr. Dipen Shah, Head of Private Client Group Research, Kotak Securities:
“The RBI cut repo rate by 25bps, along expected lines. However, it has indicated that, the potential for further cuts is limited.
The RBI has also made future cuts dependent on Government action relating to containment of fiscal deficit and
MUMBAI - The Dravida Munnetra Kazhagam (DMK), pulled out of the Congress-led UPA coalition on Tuesday in protest against the government's position on a U.S.-backed United Nations resolution on war crimes carried out during Sri Lanka's civil war.
RUPA REGE NITSURE, CHIEF ECONOMIST, BANK OF BARODA, MUMBAI
MUMBAI - The RBI cut its benchmark policy rate by 25 basis points on Tuesday, for the second time since the start of the year in a bid to help revive flagging growth in Asia's third-largest economy, but warned that its scope for further policy easing is limited.
The Reserve Bank of India lowered its repo rate to 7.50 percent and left the cash reser
By Neha Dasgupta and Shamik Paul
MUMBAI - The RBI is expected to cut policy rates on March 19, according to a Reuters poll, after the weakest economic growth in a decade, slowing inflation and a commitment by the government to contain its fiscal deficit.
Of 40 analysts polled, 32 expect the Reserve Bank of India to cut the policy repo
Market Eye - Deutsche Bank warns India's technology services sector could be hurt by currencies, offsetting a steady improvement in corporate spending outlook.
The impact from movements in the euro, sterling, and Australian dollar against the U.S. dollar could reduce U.S. revenue by 1.7-2.4 percentage points for Indian IT companies, Deutsche estimates.