http://budget.livemint.com/sensex-budget Just another weblog Tue, 07 Jul 2009 07:26:53 +0000 http://backend.userland.com/rss092 en LISTEN NOW Manas Chakravarty, Mint’s Consulting Editor and Mark to Market columnist talks about why the Budget reacted negatively to the Budget. He says the markets plunged because the investors were disappointed by an absence of sweeping reforms and pro-market measures. Also, the disinvestment figure of Rs1,120 crore was very low. He ... http://budget.livemint.com/sensex-budget/2009/07/07/why-did-the-sensex-hate-this-budget/ The guessing game finally reaches its climax on Monday, when finance minister Pranab Mukherjee unveils the 2009-10 budget. Financial market participants and economists have been debating what the budget will deliver since the Congress-led United Progressive Alliance returned to power in May. Some investors are betting that the budget would herald ... http://budget.livemint.com/sensex-budget/2009/07/06/budget-economic-data-will-be-in-focus-this-week/ Stock market traders are keenly aware the finance minister has a tough time ahead of him on budget day, but so far, they’ve been reluctant to bet against him pulling a rabbit out of his hat. Given the well-known difficulties the government faces in expanding the fiscal deficit, there has been ... http://budget.livemint.com/sensex-budget/2009/06/29/scared-of-shorting-the-budget-manas-chakravarty/ [caption id="" align="alignleft" width="300" caption="Showering blessings? The Met department has predicted that total rainfall for the crucial June-September monsoon will be below normal for the first time in four years. This has temporarily scared investors. Punit Paranjpe / Reuters"][/caption] Much on expected lines, key indices fell initially, but bounced back on ... http://budget.livemint.com/sensex-budget/2009/06/29/in-india-all-eyes-on-budget-in-us-on-june-job-report/ The stock market has put up a disappointing show in a month after the budget announcement seven times in the past 10 years, but analysts have opined that this time the government’s move on policy reforms may provide a positive surprise. An analysis of the market performance one month prior and ... http://budget.livemint.com/sensex-budget/2009/06/28/sensex-post-budget-may-defy-previous-downward-trend/ Mumbai: Indian shares erased an early fall and climbed 0.7% on Wednesday as investors covered their short positions ahead of the monthly derivatives expiry, but the market undertone was weak due to a delay in monsoon. Larsen & Toubro, which lost nearly a tenth of its value in the last two ... http://budget.livemint.com/sensex-budget/2009/06/25/sensex-rises-on-hope-of-infrastructure-spending-in-budget/ Ending 14 consecutive weeks of gains, key indices slipped on profit selling by funds and traders last week. I had mentioned in my previous column that the markets had started showing signs of fatigue and a correction was on the cards. The main index dropped 4.7% on the week, after ... http://budget.livemint.com/sensex-budget/2009/06/22/caution-ahead-of-union-budget-markets-may-look-to-global-cues/ [caption id="" align="alignleft" width="179" caption="Image from Hindu Business Line"][/caption] LISTEN NOW In May, after the general elections propelled the United Progressive Alliance into power, the Indian stock markets reacted with undisguised glee; the Sensex recorded its largest-ever single-day rally in percentage terms, rising 2,110 points. The sentiment was predicated, as so much is ... http://budget.livemint.com/sensex-budget/2009/06/19/what-does-the-sensex-want-this-budget/ Take a look at the accompanying chart. It compares the huge rise in the Sensex since the beginning of March with the rally in the second half of 2007. The first thing you notice is how extraordinary the recent run-up has been, with the Sensex rising much higher in a shorter ... http://budget.livemint.com/sensex-budget/2009/06/17/rupee-eyes-3-week-lows-on-dollar-gains/ The Bombay Stock Exchange’s (BSE) benchmark index, the Sensex, gained for a 14th consecutive week on buying by foreign funds. As expected, however, the markets showed signs of weakness from the middle of the week and declined on Thursday and Friday. The signs of fatigue had been expected. One noticeable change ... http://budget.livemint.com/sensex-budget/2009/06/16/market-set-to-drift-until-the-union-budget/