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Transcript of 5th sept. to 11 sept
- 1. Shruti Sharma
MBA 2
Weekly News5th Sept. to 11th Sept.
2. 9 of top-10 companies add over 58K crorein mid-cap.
Nine of the country's top-10 firms in terms of market cap became
wealthier by Rs 58,798.84 crore, amid a strong broader market, with
State Bank of India emerging as the biggest gainer.
With a market capitalisation (m-cap) of Rs 1,89,385.77 crore, SBI
is only behind RIL and ONGC, among the most coveted companies of
the country.
During the last week, shares of SBI rose nearly 7 per cent to
settle at Rs 2,982.50 at the end of Thursday's trade on the Bombay
Stock Exchange.
3. Contd
Corporate behemoth Reliance Industries (RIL) yet again ruled the
chart and added Rs 10,584.18 crore, the second biggest gain in the
chart, to take its market valuation to Rs 3,13,419.21 crore.
Oil and gas major ONGC saw its valuation swell by Rs 3,753.71 crore
to Rs 2,89,934.52 crore.
Two of the IT firms, TCS and Infosys Technologies, together added
Rs 13,628.84 crore to their combined m-cap, which stood at Rs
1,70,638.48 and Rs 1,65,931.71 crore, respectively.
4. Gold prices may touch Rs 22,000/ 10 grams by year end.
Gold prices are likely to touch Rs 22,000 per 10 gms by year end,
as the cash-rich financial institutions like mutual funds may
divert investments to bullion in view of uncertainty in the stock
market.
Reason for rising prices is the Euro-zone economy and the US, which
are not providing conducive investment options, making way for
investment in precious metal.
It also said the expected increase in inflationary pressures across
the world had forced sizeable investors to invest in gold, further
making case for jump in its price.
5. RBI likely to hike policy rates this week to curb
inflation.
The Reserve Bank may further hike its key policy rates during the
monetary review on September 16, going by the suggestion of Finance
Minister PranabMukherjee to the central bank to take more steps to
check rising prices.
As the overall inflation is still hovering around 10 per cent,
economists also expect the RBI to increase the policy rates to tame
price rise.
RBI's first mid-quarter policy review is scheduled for September
16.
6. Contd
It may further tighten its policy rates to tackle rising inflation,
specially food prices, with strong July industrial production
numbers providing confidence that the growth won't be impacted by
the move.
The Reserve Bank's hardening of its lending and borrowing rates
could be expected on that day, others believe it would wait a while
before hiking policy rates.
The RBI has already hiked short-term lending (repo) and borrowing
(reverse repo) rates thrice this fiscal, including twice in July.
While the repo rate currently is 5.75 basis points, reverse repo is
4.50 basis points .
7. US' anti-outsourcing steps to hit Indian IT market:
Experts.
Rising anti-outsourcing sentiment in the US, evident by Ohio
State's ban on outsourcing IT services to foreign lands, is likely
to adversely impact the USD 51-billion Indian IT industry, feel
analysts.
Ohio's ban came just weeks after the US government hiked the fee
for H-1B and L1 visas, a move that would hurt Indian IT
players.
Indian IT companies like Infosys Technologies, Wipro, HCL
Technologies and TCS get 60 per cent of their export revenue from
the US.
8. Ford Fiesta: Its not the least expensive small car you can
buy.
There are two types of small cars in America
First, there are the bare-bones, price-is-the-entire-object
ennui-boxes. These are the cars you end up driving when you
stubbornly resist the $2-a-day upgrade at the rental counter.
The Ford Fiesta is a subcompact in the ambitious Fit idiom.
the 2011 Fiesta hews to the European hatchback ideal, and Europeans
hold the bizarre expectation that small vehicles should act like
real cars.
9. Contd.
Fords new baby is available as a sedan or five-door hatchback and
offers upmarket equipment like a 6-speed dual-clutch sequential
transmission, heated leather seats and the excellent Sync
multimedia system.
The rear brakes are drums, not discs. But then again, so are they
on a Maybach the 1932 MaybachZeppelin.
There is one engine, a 1.6-liter 4-cylinder that squeezes out an
indifferent 120 horsepower. So the Fiesta is slow.
The Fiestas best talent is making you forget its size once youre
actually moving down the road. The body is so stiff and quiet that
I kept finding myself speeding, despite the modest power.
10. THANK YOU