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Showing posts from November, 2007

we may see a weak ruppee if opec supply crude ...let see what happen

LONDON - Gold slipped in afternoon trade as the dollar strengthened a touch after firm third-quarter GDP numbers from the US, which have thrown the Fed's expected rate cut next month into some doubt, analysts say. The greenback had already bounced back this morning from its overnight losses after Wall Street's sterling performance yesterday, when stocks gained some 2.5 pct, their best day in over four years. The GDP numbers, which showed economic activity grew at its fastest pace in four years, have further underpinned the currency . Gold is seen as an alternative investment to the dollar and typically trends in an inverse relationship to it. "A lot of the activity we have seen above the 800 usd level was on expectations of an interest rate cut," said Kitco Bullion Dealers' analyst Jon Nadler. "Perhaps the reading today will make people think they have cut enough." At 2.34 pm, spot gold was trading at 795.40 usd per ounce, a day low, aga...

there has been increased interest in Nifty Futures Vs Stock Futures

There has been increased interest in Nifty Futures Vs Stock Futures; Hedged positions are being taken on Nifty Futures, due to which discount could expand further; There could be a bounce back: Tushar Mahajan -Tushar Mahajan of Edelweiss Capital said that there has been increased interest in Nifty Futures versus Stock Futures. Hedged positions are being taken on Nifty Futures, due to which the discount could expand further. There could be a bounce back, which could be an opportunity to unwind positions in momentum stocks.

siemens up dates...

Siemens FY07 net profit up 76.93% to Rs 692.85 cr; board approves 1:1 bonus issue Siemens has announced its fourth quarter and FY07 numbers. The company has posted 76.93% growth in its consolidated net profit of Rs 692.85 crore for the year ended 2007 as against Rs 391.6 crore in same period of last year. Consolidated revenues went up by 55.47% to Rs 9378.6 crore from Rs 6032.23 crore. Siemens board approves 1:1 bonus issue aurav