Stubborn inflationary pressures continue to prevail as WPI inflation for the month of October 2013 rose to 7% from 6.46%. in September 2013. This is the fifth consecutive rise on monthly basis although on yearly basis WPI inflation decreased by 32 basis points,as in October 2012 it was at 7.32%.
Primary articles Inflation stood at 14.6% as compared to 13.54% in previous month.Food inflation declined to 18.19% over previous month reading of 18.40% but slightly higher than 6.72% for the same month in previous year.Food inflation was again largely driven by Onion prices which continue to bring tears to consumers eyes.onion inflation stood at 278.21% while vegetable inflation stood at 78.38%.
Crude oil prices is last two months have come down from $115 per barrel to around 107 per Barel and rupee also recoverd from all time low.The major cause of concern is rise in core inflation as it is the indicator for Rbi policy.
Primary articles Inflation stood at 14.6% as compared to 13.54% in previous month.Food inflation declined to 18.19% over previous month reading of 18.40% but slightly higher than 6.72% for the same month in previous year.Food inflation was again largely driven by Onion prices which continue to bring tears to consumers eyes.onion inflation stood at 278.21% while vegetable inflation stood at 78.38%.
Crude oil prices is last two months have come down from $115 per barrel to around 107 per Barel and rupee also recoverd from all time low.The major cause of concern is rise in core inflation as it is the indicator for Rbi policy.
Dattha Sir What's your views on tata steel and unitech for short/long term. Whether one should stay invested or exit presently. Thanks a lot for your philanthropic support to small investors.
ReplyDeleteHave replied.Please check in other section
DeleteThanks for nice analysis. Please let me know how can I start to learn basics of technical analysis in stock market [eg: books, course, websites]
ReplyDeleteYou can start with books,plenty of materila available on google
DeleteSir how wuld jpassociates trade next week? I hav ce 50....
ReplyDeleteits weak as of now
DeleteThanks for your valuable reply. Regards.
ReplyDeletewelcome.
DeleteSirji i found your calls are the best,wonder to see people like you
ReplyDeleteThank you
DeleteThanks Hari. Do you think ONGC and Oil maybe good buys given the oil prices are dropping?
ReplyDeleteOngc is worth buying with short term time range
DeleteSir whats ur view on dena bank
ReplyDeleteDena Bank: The lender to hold board meeting on January 7 to consider raising of funds.
ReplyDeleteCapitalStars