Friday, June 6, 2008

Investments (please read the disclaimer)

Stock Market

Rising inflation, fiscal deficit, high oil prices etc caused Indian Rupee to depreciate against Dollar and FIIs are selling consistently. Low value for Indian Rupee affects profits of FIIs. Increase in petrol and diesel prices will cause further increase in inflation which is bad for stock market. There are further worries on global side.

Market is relatively at lower level but further downside cannot be ruled out. Market is expected to see positive bias once inflation is under control.

Expected good monsoon and softening of crude oil/commodities are positive for the market

 

Commodities

Strong dollar is affecting Bull Run in commodity prices with Oil, Gold and metals softening. Good monsoon will ease price pressures in agri commodities.

 

Dollar

Factors like selling by FIIs in Indian Stock market, rising fiscal deficit, increasing oil import bill have caused further slide for Indian Rupee. It is hovering around Rs 43 per Dollar. Those NRIs who were waiting for a better rate of Dollar or Dollar linked currencies (as compared to the old rates) to send money to India, can consider doing so.

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DISCLAIMER

The author is not a registered financial adviser, and you should not construe anything written here to be investment advise or recommendation. All information is for expressing views/ opinions & discussion only. No representation is being made that any investment made on the basis of data or information on this blog will result in profits. This blog is not associated with any organization or company in any manner. The author may or may not be investing in the products mentioned. Contents, gathered from various sources without any liability on the part of the author, may or may not represent author's view.