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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Divesting stake in arm helps ICICI Bank further
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UK mergers and acquisitions activity in China is declining as more British companies switch their focus to India, which they see as more open to investment
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The two major-imported oils - palm and soya - has flared up 40-50% over the past eight months. Still, traders and oil refiners have continued their buying spree.
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The textiles ministry would organise Texsummit 2007 to deliberate on various issues of concern to the textile industry.
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The government on Thursday left unchanged the base price for levying Customs duties on palm oil and soyabean oil to stabilise rates of the commodities at current levels.
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Crude futures rise 1.4% to US$71.98 a barrel in New York. Copper for delivery in 3 months up 4% at US$7010 per metric ton. Gold gains 1.3% to US$666.80 an ounce
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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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Almost 90 per cent of the equity-oriented schemes posted negative returns between July 24 and August 10, owing to market meltdown on concerns over the subprime mortgage debacle. ??
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Investors can be suckers. Despite a wide array of well-performing funds to choose from, they will flock to NFOs not wanting to miss the latest ?theme' or ?opportunity'. And, fund houses shamelessly
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Are mid-cap funds, such as Birla Midcap and Sundaram Select Midcap, an attractive investment option? -S. Roy ??
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