Low beta stocks won't let you down (The Economic Times 28th Jan 2008)When the going gets tough, the tough get going... The old adage appears more than inspiring, given the current situation in the stock market. By any measure, times are really tough for equity investors. After the free fall last Tuesday, the benchmark indices lost within a week what it took them three months to gain. Most of the stocks saw their fabulous returns wane, perhaps much faster than the popularity of Britney Spears! While investors are jittery over the one week mayhem in the market, ETIG believes that it's time the tough guys took centre stage. By tough, we mean the stocks that tend to render a rock-solid behaviour in a volatile market. These are the stocks that traditionally have lower beta. Beta indicates the sensitivity of a stock's returns to the changes in the benchmark index. More
Interest rates unlikely to go down (The Economic Times 4th Jan 2008)Interest rates are unlikely to fall in near future as it was expected with the State Bank of India raising the fixed deposit rate of various maturities up to 1.5 percentage points. Other banks are also planning to raise deposit rates. After SBI increasing deposit rates, other banks have no choice but to raise the rates to mobilize resources in the domestic market, chairman of a public sector bank said. As the cost of funds for banks will increase, they will resort to raising the lending rates. A senior banker said banks would announce the increased rates in near future. More Gold zooms past Rs 11,000 per 10 gm (The Hindu Businessline 4th Jan 2008)Gold prices made history as they soared to a record $ 865.35 an ounce in the London A.M fixing on Thursday, tracking which the domestic gold surged to Rs. 11,000 per 10 gm. On Wednesday, gold was fixed at $ 840.75/oz in London while in the Indian market it quoted at Rs 10,70
Comments