Why Panic Gripped Indian Markets On Friday

Volatility gripped India’s equity benchmarks today as shares of Yes Bank Ltd. and mortgage lenders Dewan Housing Finance Ltd. and Indiabulls Housing Finance Ltd. tumbled. It began with a 35 percent slide in Yes Bank in morning trading after its co-founder Rana Kapoor was granted only four months extra as its chief executive officer. The Sensex and Nifty, however,…

FIIs, not RBI policy, behind boom in markets since 2000.

It’s clear that behind five-fold increase in Sensex and ten-fold increase in market capitalisation in the 21st century is actually the greenback The US Federal Reserve has started to wean the US economy off phantom money, euphemistically called “quantitative easing” (QE). Reserve Bank of India (RBI) Governor Raghuram Rajan has been apprehensive about its potential…

Markets struggle: More than 100 stocks hit 52-week low on NSE

More than 100 stocks touched their 52-week low on the National Stock Exchange (NSE) during trade, data showed. Here’s a look at some stocks that hit a one-year low during Thursday’s trade: Kingfisher Airlines Tata Steel Sterlite SAIL MMTC Crompton Greaves. Educomp Hotel Leela JP Associates UB Holdings Tata Communications Tata Power NMDC NALCO Suzlon…