Udayan Mukherjee पिछले संदेश
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Yes, it is very likely that the May series would not see the Nifty below 4800 in fact there are chances that it may end up higher than that, in the range of 5000-5100.
The reason being that the bad news from EU after the informal dinner meet seems to have been postponed for at least some time and on the domestic front the Rupee has recovered somewhat from the lows of over 56 to a dollar and there is still some hope that the Govt may go ahead with the diesel and LPG price hike there by bridging the fiscal deficit gap. RBI in the meanwhile will continue supporting the Rupee by all possible means at it`s disposal....
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Why on earth do the THREE OIL COMPANIES IOC, BPCL, HPCL don’t hedge against currency fluctuations when Oil Company like Reliance do it? Last year the oil companies imported crude to the tune of Rs.4.5 Lakh crores (US $ 100 Billion, considering 1$=Rs.45 which was the price last year) out of which about 80% of the crude is imported by the PSU Oil Companies but they did not hedge against currency risks which is totally baffling. Even small companies in the private sector who do imports or exports business always hedge their currency requirements to control their risks due to wild currency fluctuations and by doing so they are insulated to a great extent from incurring losses in fact if they hedge properly these companies also end up earning crores of rupees in profits. Today we can surely say that the rapid depreciation in the value of the rupee is more to do with dollar buying of the oil companies and not due to the global economic crisis or FIIs pulling out a few billion dollars. Had the three oil companies hedged their positions with regards to crude oil imports the companies and also the people of India would have benefited immensely and the retail oil prices would not have been priced at such high levels....
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This UPA has looted the people even in the smallest of things as is evident from number of scams during its term in the past 8 years how can it just keep its corrupt hands off from such a lucrative chance of looting money from oil imports which is a staggering US $ 100 Billion Dollars (Rs.5 Lakhs 50 thousand crores at today’s currency price)?...
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i agree with this,nifty wil fluctuate between 4750 - 4900...
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let inflation figure came out & then see what happens. Today mkt made come back just because of the short positions once the short positions are taken out mkt will have to go down again to form new low in the coming time. Mkt may remain positive for 2-3 days but then reality is very harsh...
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will the market remain high tomorrow...
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It may be gone uo to 5925 in near term but there will be remain uncertinity in market!!!
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As per media concern what u peoples do we dont understand ...
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Rupee could not be controlled. RBI has to do something or allow investors
to pull up the markets....
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I agree that there is no reason for petrol price hike. The crude has come from 125$ to 108$, so even if rupee goes down, there is no change in crude prices in rupees per barrel terms. It is just oil companies trying to exploit the middle class because they have no option. Crude should come from rs 6250 to Rs 6048 per barrel due to fall in crude EVEN AFTER ACCOUNTING FOR THE FALL IN RUPEE from 50 to 56.. Work it out....
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Can we expect stability in the market?...
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Can we expect stability in the market?...
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Do you agree with Udayan Mukherjee?...
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Do you agree with Udayan Mukherjee?...
द्वारा ट्रैक: 20 संदेश-लेखक
Do you agree with Udayan Mukherjee?...
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Will the hike in petrol prices finally take its toll on the market?...
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How far will the rupee go?...
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Do you agree with Udayan Mukherjee?...
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Will the Nifty cross 5,000 anytime soon?...
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Where will the Nifty find support now?...
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What do you expect in May series?...
द्वारा ट्रैक: 2 संदेश-लेखक
On the back of the calm in global equities, CNBC-TV18's managing editor Udayan Mukherjee says today will be a rangebound session, leading up to a flat end to the April series....
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