It was weak opening in Indian stock market today. Significant recovery was seen after choppy morning session. Nifty dragged down below the psychological level of 4800 to make a low at 4758.85 in the first half of the session after which bulls got activated and pulled it up to close the day at 4835.40 or down 0.7%. High volatility was seen for the session.
On 16th March Union Budget 2012 is scheduled to be declared, and our Finance Minister Pranab Mukherjee is in under pressure to get growth back on track and to get his fiscal house in order. And that surely requires an optimum balanced act.
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It’s the timing of the government’s decision, to make it mandatory for all listed companies to have a minimum float of 25%, that’s surprising. It’s hard to understand why the government wants to flood the market with paper right now---$13 billion has to be raised in the next twelve months since co...
Updated on Feb 29, 12
Created on Jun 08, 10
Category: Business & Finance
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