Thursday, Oct 13, 2011
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INFLATION TOPS PRIORITY LIST OVER GROWTH: RBI
The Reserve Bank of India still appears to have a bias to hike on October 25 as inflation has not shown any sign of softening. However, the bar to hike is much higher now as growth is decelerating and the global backdrop is a bigger worry. The RBI Governor D Subbarao says that even though inflation has cooled down from peak levels it is still above comfort zone. ALSO SEE "TOP VIDEO" BELOW. read more |
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| AT A GLANCE |
| BSE | 16883.92 | -74.47 |
| NSE | 5077.85 | -21.55 |
TURNOVER
Rs. 138,050 cr
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BSE CASH
Rs. 2,460 cr
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NSE CASH
Rs. 11,151 cr
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NSE F&O
Rs. 124,438 cr
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| BULLION |
| GOLD | 26700 | -164 |
| SILVER | 52947 | -1215 |
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| CRUDE |
| NYMEX | 83.82 | -1.75 |
| BRENT | 109.89 | -1.47 |
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| FOREX |
| $ / Re | 49.12 | +0.17 |
| £ / Re | 77.21 | +0.14 |
| € / Re | 67.301 | -0.17 |
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| EVENTS |
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| 14-15 October |
 | G-20 meeting of finance ministers and central bank governors, Paris |
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| 13-14 October |
| Seminar On Legal Formulations For Sustainable Water Management, New Delhi |
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| 14 October |
| Conference On Business Opportunities In Africa: New African Footprints, New Delhi |
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| 14-15 October |
| International Tax Conference, New Delhi |
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| 15 October |
| Reliance Industries To Announce Q2 Results |
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| 25 October |
| Second Quarter Review of Monetary Policy 2011-12 |
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| EXPERT VIEWS |
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"For a large part of this year, there was a growing conviction that the emerging markets might have totally decouple from what is happening in the US and Europe. We are likely to see more of recoupling than decoupling as far as economic prospects are concerned. The concern for emerging markets remains the monetary cycle."
Gary Baker
Head of European Equities Strategy at BofA Merrill Lynch
"The sell-off in Asian financial markets in August and September 2011 underscores that an escalation of euro area financial turbulence and a renewed slowdown in the United States could have severe macroeconomic and financial spillovers to Asia."
IMF
Report
"If defending a victim of police atrocity is seditious, then I am happy to be called one. I have no regrets on my remarks on Kashmir. those are my views. We should even consider banning organisations which believe in violence. All right thinking people should socially boycott these organisations. This is fascism..."
Prashant Bhushan
Senior Lawyer
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| WATCH OUT |
 Boardroom
It has been a brutal year for investors in India with rising interest rates, a depreciating Rupee & an uncertain global environment. As the moment of truth approaches, all eyes are on India Inc.. Will margins continue to thin? Or can the Q2 numbers surprise the street and lift the spirits? This earnings season can be a game changer for the Indian markets. Watch Boardroom, India's most authoritative earnings analysis.
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SHOW TIMINGS
All through the month
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