Crude futures rise as high as US$72.54 after the Fed slashed discount rate by 50 bps. Hurricane Dean could turn towards the Gulf of Mexico next week also supported oil
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The National Hurricane Center forecast that Dean would remain south of the US portion of the Gulf and cross the Yucatan Peninsula en route to the east coast of Mexico
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Raamdeo Agrawal, MD, Motilal Oswal Securities, said the subprime problem is more of repricing of risk at this point. This, according to him, is not a prolonged problem.
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Technical analyst Sudarshan Sukhani maintains that the trend is intact and is still on the upside. According to him, short term traders should initiate long positions in the market.
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Technical analyst E Mathew believes that 12,200 is a likely target for the Sensex, which could be achieved in the coming weeks.
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Technical analyst Prakash Gaba believes that the markets are overstretched in the short term while the longterm story is still intact.
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Shinsei, Mirae, Robeco hiring key personnel
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The subprime crisis has continued to hold stock markets across the globe as ransom. An overnight slide on Wall Street and a sharp fall in the Aisan markets prompted a dismal opening to the trading day.
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David Thompson, Partner at Collingham Capital Management says that the fourth quarter of 2007 could be a good time for hedge funds because of all the volatility that has happened.
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Jogin was studying his credit card statement to locate the ‘pinch’. Sridevi was reading up the nuke deal details. And Dakshinamoorthy was surfing the Net for sub-prime discussions… All, till Khan messaged them ...
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After kicking off the country's first infrastructure fund four years ago, Tata Mutual Fund is now set to launch a global fund that will invest in stocks of infrastructure companies in other
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I am 74 and retired. I have been investing in mutual funds for the past three to four years. I have sufficient investments in fixed deposits, bonds and senior citizen saving schemes to take care of
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The fund is in the middle of a makeover. In April 2007, three other UTI funds were merged with UTI Mid Cap. Taking the assets under management to Rs 400 crore from about Rs 74 crore. Along with more
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