Bond market turbulence
By Investing Contrarian
Published: March 10, 2010
The Indian bond market is exhibiting turbulence again. Yields on the 10-year bond are on a 17-month high. Concerns over inflation and the Union government’s record level borrowing have spooked the market. Yield on the benchmark 10-year bond hovered around 8% on Tuesday.
In bond markets, interest due on bonds (called the yield) and their price [...]
Weekly FII inflows highest in five months
By Investing Contrarian
Published: March 10, 2010
Foreign institutional investors, or FIIs, purchased Indian stocks worth $1.35 billion (Rs6,213.8 crore) in the last one week, the highest in five months and the best in any week after a Union budget since 2001, as the fiscal consolidation plans outlined in the annual government financial statement boosted sentiments and fears of a Greek debt [...]
India tops Manpower survey on hiring growth in next quarter
By Investing Contrarian
Published: March 10, 2010
India has topped a survey of 36 countries predicting the job market for April-June 2010 as companies across sectors look to increase their headcount.
The study by human resources firm Manpower Inc. pegs India’s seasonally adjusted net employment outlook for the three months at 39%, or four percentage points higher than for January-March.
The optimism is much [...]
Sector Impact: Budget 2010-11
By Investing Contrarian
Published: March 3, 2010
Sector Impact
Automobiles & Auto Ancillaries – Marginally Positive
1) Increase focus on rural development- Allocation of Rs 66,100 cr & Increased allocation for *NREGS by Rs 40,100 cr
Impact: Positive
Companies to be effected: Two Wheeler companies & Mahindra & Mahindra
2) Increase Allocation for Defence – Further allocation of Rs 5641cr at Rs 1.47 lac & Defence capex [...]
India wants to buy more GOLD: A price war in making?
By Investing Contrarian
Published: February 27, 2010
This is disaster for the bullion banks and the FED. With China and India both in the fray to lap up the remaining Gold from the IMF, I cannot imagine the consequences for the bullion banks.
The Reserve Bank of India (RBI), which has increased its gold holdings to diversify its reserves, looks set to be [...]
India Budget Reactions: Fund Managers
By Investing Contrarian
Published: February 27, 2010
India needs to review public spending and improve its fiscal position, Finance Minister Pranab Mukherjee said on Friday, presenting the budget for the fiscal year starting April 1. He also unveiled efforts to lift agricultural production in a country where high food prices have helped push broader inflation to what some economists expect could hit 10 percent next month, with a push [...]
Sat Reading: 5 Risks in Asia
By Investing Contrarian
Published: February 27, 2010
Following are five key political risk themes for markets to watch in Asia in the coming week, and the Reuters stories related to them.
HOW WILL THAKSIN’S “REDS” RESPOND TO THAI RULING?
Thailand’s Supreme Court ruled late on Friday in favour of confiscating around $1.4 billion of assets amassed by the family of fugitive former premier Thaksin Shinawatra, some $900 million less [...]
India Budget Speech: 2010
By Investing Contrarian
Published: February 27, 2010
India Budget 2010
India announces Budget: GS View
By Investing Contrarian
Published: February 26, 2010
First take on Indian Union Budget: Reining In The Gravy Train
India’s 2010 Union Budget began the process of unwinding the massive accommodative stance
The central fiscal deficit is projected to come down to 5.5% in FY11 from a revised 6.7% in FY10. Even though this was in line with market expectations, the government also laid [...]
China’s Ambitions Reshaping South Asia as it Surges into India’s backyard
By oilguy
Published: February 26, 2010
It’s a truism that the 21st century future of not just Asia, but the entire world, will be significantly determined by the relationship between the globe’s two fastest-growing large economies, China and India.
