After shaving-off 13.3% in the last couple of months due to the crisis in Egypt and Libya, the Indian equity markets (BSE Sensex) in the last month of the fiscal year 2010-11 (i.e. in March 2011) witnessed a relief rally. The Indian equity markets sidelined the political unrest prevailing in the MENA (Middle East and North African) region and gained 1,621.8 points (rose by 9.1%). Domestic factors such as Reserve Bank of Indias (RBIs) stance of taming WPI inflation, food inflation mellowing below the double-digit mark (9.50% for the week ended March 19, 2011), uptick in the IIP (3.7% in January 2011 - data released in March 2011) and robust core sector growth of 6.8% in February 2011 (data released in March 2011) also attributed to the positive move in the Indian equity markets.
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Mutual Funds Round up Mar 2011
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Mutual Funds Round up Mar 2011