Tag: Rupee

  • The Markets and how Sirya affected them!

    The Markets and how Sirya affected them!

    The news is out of the bag! Markets tanked 651 points in one day, downing by 3.45% compared to previous day close. Sensex tanked today, as nervous investors were worried about how things will now unfold in Syria.

    Are you among the ones wondering what Sensex and its relative performance has to do with what is happening in Syria?

    Well, first of all it has to do with the dreaded three-letter word. Oil. Second, a false missile strike news. Third, the Indian Rupee.

    And if all of the above  were not enough, the scare of downgraded Investment ratings of our great country by Standard & Poor’s  added oil to the fire… see, did I not tell you that it all has to do with Oil?

    The story that unfolded today at the market was to do with Oil. Not the cooking oil, bummer!
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  • Falling Rupee is a boon for some, bane for others

    Somebody’s loss is somebody’s gain.

    The worst ever fall in rupee value has made a lot of people rich, more so for the ones that are involved in exports. These include the IT/ITES, Spice Traders, Bike/Car manufacturers, Builders etc. and many more. So when the results of some of the traded companies were announced, it was no wonder that they will show a spike in profitability.

    So does it mean that we should invest in these businesses? It think the writing on the wall still is that you need to go by what the company is doing, rather than the numbers it shows. Numbers are gimmicks, not intentional, though lead us to believe something that may not be right. (more…)