Markets take a fancy for liquor scrips
Mumbai: Liquor companies are suddenly on a roll in the stock market. Shaw Wallace stock spurted 53 pre cent in just five days, from Rs 37.70 on 1 July to Rs 57.50 on 5 July on the Bombay Stock Exchange.
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Dollar bears on the dominance in local markets
Mumbai: Uncertainty about the pace of the US economic recovery and falls in equity markets in the US continues to encourage the view of further dollar weakness. Alan Greenspan's testimony before the Congress on 16 July will be closely watched for his comments on dollar weakness.
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Ride up the euro
Mumbai: One of the fall-outs of the repeated failures of brief rallies in the euro has been corporate apathy towards hedging any euro payables. There is a reason to revisit the risk assessment. One must note that the current rally is markedly different from any corrections seen earlier. The buying in the euro is being caused by a shift of capital back to Europe.
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It's tough times for IT funds
Mumbai: Two years make a long time in the realm of mutual funds. The last couple of years were trying times indeed for technology funds, marked as they were by a rather indifferent performance. Even as their fund managers continue to draw flak.
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Factors favourable to equities: IL&FS Mutual Fund CEO
Mumbai: IL&FS MF has lately turned aggressive in terms of bringing about changes in its style of functioning. For one thing, it has a new CEO in N K Sharma, who wants to step up the fund's efforts to create more space for itself in the market.
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Satyam, Dr Reddy's close on firm note
Mumbai: The US markets finished on a firm note by gaining strongly on Friday last (incidentally the gain was the sharpest in more than nine months).
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