Monday, September 1, 2008

Investments

Stock Market

Markets continue to remain uncertain & rangebound and searching for direction. Factors like a little cooling of crude prices and inflation are limiting the downside while upside is capped due to fear of global and local slowdown. FII are net sellers on most days while local institutions are not buying aggressively. Interest rates may further go up which is not good for the markets. Rupee fell to Rs 44 per dollar. Falling Rupee compounds losses of foreign investors. It is expected that market may remain in a range of 13,000 to 16,000 in coming months unless something unexpected happens.

 

Dollar/Commodities

US Dollar reached its 17 months high of Rs 44 in August. It is a good time for NRIs to send money to India as they will get more rupees per dollar sent although future movements of US Dollar cannot be predicted. After displaying lot of volatility commodity prices including crude oil and gold are getting stabilised.

Real Estate Projects

Those who are planning to buy a flat in Trivandrum can consider a new project by Olive Builders (www.olivebuilder.com). Olive Cressida, Technopark, Trivandrum project is located on a beautiful landscape besides Technopark with two & three bedroom apartment blocks ranging 1362 to 1772 sq.ft with all modern amenities. Contact - SBI Home Loan Sales Team : - Premanandan +91-9447510099, Rajagopal +91-9447511022 for details.

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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.