...routine now. When everyone thought that the BSE Sensex was headed down at 7656 on 28th October 2005, it reversed violently and still continues in an uptrend ….. 8000 ….. 9000…. 10000…and still climbing!! Right now the market is at a very crucial juncture and the movement of the Sensex is perplexing most investors. The Bombay Stock Exchange's 30-share benchmark index has moved up from 6000 levels on November 17, 2004 and crossed the 10000 mark, a rise of around 66% in less than two years. This is probably the highest return that any asset can give in India, be it government bonds, gold or for that matter real estate. Rarely has the Indian stock market seen such dramatic yo-yoing. Is this irrational exuberance, or a sign of sustainable buoyancy? The answers lie outside the country, because it is the foreign institutional investors who continue to determine the market’s swings. Little has changed within India recently to warrant the Sensex doing this dance. If anything, corporate results have lost some of their zing, so there should be less buoyancy in the system. What has changed is the external situation. Oil prices have fallen as winter demand seems to have been accounted for. The US Federal Reserve has also indicated that it may cease raising interest rates in the near future. All these factors have managed to renew investor confidence in equities across the globe. Mr Chidambaram said only a few months ago that he saw the Sensex reaching 8,000 as a worry trigger . When what...
Words: 361 - Pages: 2
...The BSE Sensex currently consists of the following 30 major Indian companies as of 17 February 2012. # | Company | Industry | 1 | Housing Development Finance Corporation | Consumer finance | 2 | Cipla | Pharmaceuticals | 3 | Bharat Heavy Electricals | Electrical equipments | 4 | State Bank Of India | Banking | 5 | HDFC Bank | Banking | 6 | Hero Motocorp | Automotive | 7 | Infosys | Information Technology | 8 | Oil and Natural Gas Corporation | Oil and gas | 9 | Reliance Industries | Oil and gas | 10 | Tata Power | Power | 11 | Hindalco Industries | Metals and Mining | 12 | Tata Steel | Steel | 13 | Larsen & Toubro | Conglomerate | 14 | Mahindra & Mahindra | Automotive | 15 | Tata Motors | Automotive | 16 | Hindustan Unilever | Consumer goods | 17 | ITC | Conglomerate | 18 | Sterlite Industries | Metals and Mining | 19 | Wipro | Information Technology | 20 | Sun Pharmaceutical | Pharmaceuticals | 21 | GAIL | Oil and gas | 22 | ICICI Bank | Banking | 23 | Jindal Steel & Power | Steel and power | 24 | Bharti Airtel | Telecommunication | 25 | Maruti Suzuki | Automotive | 26 | Tata Consultancy Services | Information Technology | 27 | NTPC | Power | 28 | DLF | Real estate | 29 | Bajaj Auto | Automotive | 30 | Coal India | Metals and Mining | AAftekAmbuja Cements LimitedAptechArchies LtdArvind MillsAsian PaintsAventis PharmaBBEMLBerger Paints India LtdBharat Electronics LimitedBharat ForgeBharat Heavy Electricals...
Words: 363 - Pages: 2
... * Total * Pharmaceutical Companies * Abbott Laboratories * Johnson & Johnson * Merck & Co. * Pfizer * Textile * Economic * Banking * Axis Bank * Bank of America * Bank of New York Mellon * Home Loan * HSBC * ICICI Bank * IMF * Punjab National Bank * Reserve Bank of India * State Bank of India * Vijaya Bank * World Bank * Gold Price * USA Economy News * World Trade Organization * Finance * Currency * Australian Dollar * Dinar * Euro * New Zealand Dollar * Peseta * Peso * Pound Sterling * Real * Ruble * Rupee * US Dollar * Currency Exchange Rates * FDI * Forex * Paypal * Stock Exchange * BSE Sensex * NSE of India * Health * Pharmaceutical * Ranbaxy * Swine Flu * Marketing * Consumer Goods...
Words: 692 - Pages: 3
...Of Management Lucknow August 2013 A MICROECONOMIC STUDY ON GOLD Submitted to Professor Sanjay K Singh By Section E, Group J Aman Doharey (PGP30244) Mahesh Raja R (ABM11045) Prerna Pal (PGP30265) Rohit Mandappalli (PGP29341) Shradhha MeryllinePanna (PGP30280) Swagata Das Chowdhury (PGP30419) Tanuj Kumar Lodhi (PGP30420) Table of Contents Introduction Background Protection Requirement Elasticity Of Gold Gold Consumption Scenario in India Need and Objective Of Study Research Methodology Tools and Techniques Hypotheses Data Analysis 1. US Dollar 2. Crude Oil 3. Silver 4. Inflation 5. Sensex Values Findings and Conclusions INTRODUCTION This report emphasizes on studying, interpreting and illustrating the various economic factors affecting the consumption and price of the precious metal Gold. We examine the impact of factors that maybe reason for such distortion and also see how the change in gold price impacts other commodities in the open market. Background Used as a sovereign since ages, gold has always been a sought after commodity. The price variation has almost always been upwards and has had a steep rise in this trend. A few pointers about Gold can be inferred as below. Production Gold is majorly obtained through mining, other sources may include recycling, trading etc. Through these sources gold enters the market. Requirement Gold is an essential commodity in any country’s economic state. It is...
Words: 3203 - Pages: 13
...RELIANCE INDUSTRIES LIMITED Report on Corporate Governance Corporate Governance is based on the principles of integrity, fairness, equity, transparency, accountability and commitment to values. Good governance practices stem from the culture and mindset of the organisation. As shareholders across the globe evince keen interest in the practices and performance of companies, Corporate Governance has emerged on the centre stage. Over the years, governance processes and systems have been strengthened at Reliance. In addition to complying with the statutory requirements, effective governance systems and practices inter alia towards transparency, disclosures, internal controls and promotion of ethics at work-place have been institutionalised. Reliance recognises that good Corporate Governance is a continuing exercise and reiterates its commitment to pursue highest standards of Corporate Governance in the overall interest of all the stakeholders. For implementing the Corporate Governance practices, Reliance has a well defined policy framework consisting of the following : Reliance’s values and commitments policy Reliance’s code of ethics Reliance’s business policies Reliance’s policy for prohibition of insider trading A detailed programme of ethics management These policies and their effective implementation underpin the commitment of the Company to uphold highest principles of Corporate Governance consistent with the Company’s goal to enhance shareholder...
Words: 17381 - Pages: 70
...Test Number of questions: 1. 2. 3. 4. 5. 1 50 This personality is the present European Union’s Trade Commissioner. Can you identify him from the given options? a. Pascal Lamy b. Peter Mandelson c. Jose Manual Barosso d. Catherine Ashton Which of the following personalities won the Wimbledon’s Men’s Singles title for 2010 recently? a. Rafael Nadal b. Roger Federer c. N. Djokovik d. A. Roddick This personality is the CEO of the newly formed Bharti AXA Life Insurance Company Ltd. Identify him from the given options. a. Vikram Mehmi b. Nitin Chopra c. Kamesh Goyal d. None of these This person has been appointed as the chairman of the Unique Identification Authority of India (UIA). Name him from the given options. a. N.R. Narayana Murthy b. K.V. Kamath c. Nandan Nilekani d. Sam Pitroda The present External Affairs minister of India is… a. Murali Deora b. S.M. Krishna c. A.K. Antony d. Anand Sharma General Knowledge Take Off Time: 20 min 6. As per the third Annual Quality of Life Index study conducted recently, this is the most livable city in the world. We are talking about…. a. Copenhagen b. Tokyo c. London d. Zurich 7. The present President of ASSOCHAM is… a. Kumaramangalam Birla b. Sajjan Jindal c. K.V. Kamath d. Swati Piramal 8. Animal Planet is the name of the channel that belong to… a. BBC b. CNN c. Discovery Communications d. Star 9. Which of the following is the youngest ...
Words: 14520 - Pages: 59
...Gold Fundamental Report February 2012 Disclaimer This report has been prepared by the Knowledge Management Department of NCDEX Limited for the purpose of information dissemination. The facts are reported from publications and have not been checked for authenticity. NCDEX and its employees will not be responsible for any decision taken by the reader based on this report and are adv advised to take independent advise on the commodity(is) dealt in this report . For more information contact Ashwin Dilip Vidhate Knowledge Management Group NCDEX Ltd. ashwin.vidhate@ncdex.com +91 022 6640 6836 2 Table of Contents 1. Introduction ....................................................................................................................................................................................... 4 2. Gold supply ........................................................................................................................................................................................ 5 Gold supply: Indian scenario............................................................................................................................................................ 14 3. Gold demand ..................................................................................................................................................................................... 15 Gold demand: Indian scenario ..................................................
Words: 12225 - Pages: 49
...warships approached the coastal town of Arecibo. Two smaller boats with a company of British soldiers landed on Arecibo's beach. The Puerto Rican militia - headed by Correa - had only thirty men, armed with just spears and machetes, who fought the British, who were better armed with muskets and swords. At the end of the battle there were twenty-two British dead on land and 8 at sea, including the captain in charge of the troops that landed, who had died in the hands of Correa. Correa himself was wounded but the British left and the city of Arecibo was saved - as a result Correa was declared a national hero.[1] [edit] Honors and later years Arecibo Coat of Arms Correa was awarded "La Medalla de Oro de la Real Efigie" (The Gold Medal of the Royal Image), by King Philip V of Spain and given the title of "Captain of Infantry" on September 23, 1703. It was within Spanish tradition to name its Captain of Infantry to the position of Mayor. Correa served as temporary mayor of Arecibo from 1700 to 1701 and then as official mayor from 1701 to 1705. He also served as mayor from 1710 to 1714 and from 1716 to 1744.[2] Capt. Antonio de los Reyes Correa, who was married to Estephania Rodríguez de Matos y Colón, died on June 9, 1758....
Words: 436 - Pages: 2
...move around the economy. Money also allowed individuals and firms to generate wealth and increase it. This is achieved when one can readily purchase produced items and sell them for a higher value than they were purchased. The existence of money allows goods and services to get to the people who need them. 2. Money also acts as a store of value, this is where one can sell a commodity, in return for money and be able to be reliably saved, stored, and retrieved. 3. The most important role money plays is it acts as a unit of account. This is a common standard by which all the market value of goods, services, and other transactions can be measured and compared. Without this the value of an economy could not be calculated. 4. With gold completely divorced from money, initially the British pound sterling was the world's reserve currency after World War II. With Britain's demise on the international scene the US and its dollar become the world's reserve currency. The US receives its legitimacy not from any intrinsic value but due to the global standing in the US and its ability to press the world to view global products using the dollar. This means for any nation wanting to purchase oil or platinum in the international markets they would need to convert their currency into dollars and then take possession of such goods. This means...
Words: 1071 - Pages: 5
...Gold Anonymous. Metal Bulletin Monthly 418 (Oct 2005): 50-51. Abstract (summary) Pure - or 1,000 thousandths - gold is equivalent to 24 carats, but gold is generally used as an alloy because it is such a soft metal. The jewellers' terms "fine gold" and "pure gold" mean 920 and 840 thousandth alloys respectively, the balance being supplied by copper. The addition of copper produces red and pink golds, while deep yellow gold is practically 100% pure and "white gold" is often a gold alloy containing nickel and palladium. Pure - or 1,000 thousandths - gold is equivalent to 24 carats, but gold is generally used as an alloy because it is such a soft metal. The jewellers' terms "fine gold" and "pure gold" mean 920 and 840 thousandth alloys respectively, the balance being supplied by copper. The addition of copper produces red and pink golds, while deep yellow gold is practically 100% pure and "white gold" is often a gold alloy containing nickel and palladium. Full Text Gold is among the oldest metals known to mankind, over whom it has often exerted a compelling force of attraction because of its rarity, lustrous beauty and permanence. A sun-yellow ductile metallic element, gold mostly occurs as nuggets in rocks and alluvial deposits. It has a high melting point (1,063°C) and is one of the best conductors of heat and electricity, as well as being resistant to corrosion, except from chlorine, fluorine and aqua regia acid. It is one of the densest elements at 19.3 g/cm^sup...
Words: 1615 - Pages: 7
...the domestication of the camel Camels were able to go much farther and travel with an increased amount of freight used for trading purposes The increased trade brought better technology to the region such as iron metallurgy It led to an expansion in tools and weaponry As trade increased it brought a major population boom along with it With the merchants traveling from the east, along with them came ideals from the East The merchants brought the study of Islam with them and the entire region became immersed in it Gold With the increase in iron technology, along with it came an increase in the extraction of gold out of the region There are three major gold extraction methods: alluvial, shallow pit, and deep shaft Gold would get caught up in the sediment of the river and people would collect it and bring it back on to dry ground and sort the gold out from the sediments The gold that was extracted from Ghana had merchants flocking form the...
Words: 745 - Pages: 3
..."These rates are way below the worst-case gloom-and-doom scenarios we have heard," said Peter Lee, executive director of Covered California, the state agency implementing the healthcare law. "But let's be clear, some consumers will have prices that go up. There may be some sticker shock." The new government-run market is aimed at many of the state's uninsured and at Californians who already purchase their own health insurance. The majority of Californians receive health coverage from their employers and are not among those targeted for enrollment. The health plans selected by the state will sell uniform benefits, each offering four broad categories of coverage called Platinum, Gold, Silver and Bronze. Platinum policies will offer the most comprehensive benefits and carry the highest prices, followed by Gold, Silver and Bronze. The Bronze package will have the lowest premiums, but people would be on the hook for a greater share of their medical bills. The rates revealed Thursday still must be reviewed by state regulators. Within each of those four benefit categories, plans will have the same co-pays, deductibles and limits on out-of-pocket medical expenses. As a result, consumers will be able to compare insurance prices in their regions more easily, once these rates are...
Words: 459 - Pages: 2
...Mining was a profitable business during British colonial times. However, although the British did indeed support coal, gold, silver, iron ore and steel mining, they did not look favorably upon mining other metals such as lead. They believed that India's development of metallurgy would lead to production of weapons for the "natives," a potential threat to British rule. The British implemented the Arms Act in 1878 to outlaw Indian ownership of firearms and limited Indians from mining and working metals that might "sustain it in future wars and rebellions." (14) Several mines were actually closed down under British rule. IV.4 Coal Mining Large-scale commercial coal mining in India began in 1774 under the East India Company in the Raniganj Coalfield along the Western bank of the Damodar River. The introduction of steam locomotives in 1853 made possible the effective transportation of coal from the mines to urban centers and ports (15). India's output of coal rose from 2,203 thousand metric tons in 1890 to 30,695 in 1947 (16). Coal mining proliferated during and after World War I; from 1920 to 1930, national coal output increased from 18,250 to 24,185 thousand metric tons (16a). However, coal mining declined during the early 1930s, when the output dropped by more than 4,000 thousand metric tons in just three years. The facts collaborate with other sources that claim Indian industries declined along with Britain's economic stagnation during the 1930s...
Words: 422 - Pages: 2
...Disadvantages of the Gold Standard Angelina Di Mauro BUS 450 Wendy Achilles July 14, 2012 The Advantages and Disadvantages of the Gold Standard The Gold Standard is a historic monetary system in which the standard unit of account is a fixed weight of gold, and though the main benefit is that it insures a relatively low level of inflation, economies on the gold standard are less able to avoid or offset either monetary or real shocks. Gold has been known as the currency of choice throughout history, and at one point in time the country that had the most gold was known to be the wealthiest. By the eighteen hundreds many countries began to seek new ways to produce wealth through standardized transactions. As a result the gold standard was adopted as means to exchange currency in a new world market, and means to regulate the production of paper money in world economies. The following will highlight both the advantages and disadvantages of the historic gold standard monetary system. The paper will come to a conclusion with an emphasis on why many countries had to abandon this momentous means of exchange. According to one source, “the gold standard was a commitment by participating countries to fix the prices of their domestic currencies in terms of a specified amount of gold. National money and other forms of money, i.e. bank deposits and notes, were freely converted into gold at a fixed price” (Bordo, pg 1 ¶1). In a new world market the gold standard was a way to...
Words: 1086 - Pages: 5
...clay, Build it up with wood and clay, My fair Lady. Wood and clay will wash away, Wash away, wash away, Wood and clay will wash away, My fair Lady. Build it up with bricks and mortar, Bricks and mortar, bricks and mortar, Build it up with bricks and mortar, My fair Lady. Bricks and mortar will not stay, Will not stay, will not stay, Bricks and mortar will not stay, My fair Lady. Build it up with iron and steel, Iron and steel, iron and steel, Build it up with iron and steel, My fair Lady. Iron and steel will bend and bow, Bend and bow, bend and bow, Iron and steel will bend and bow, My fair Lady. Build it up with silver and gold, Silver and gold, silver and gold, Build it up with silver and gold, My fair Lady. Silver and gold will be stolen away, Stolen away, stolen away, Silver and gold will be stolen away, My fair Lady. Set a man to watch all night, Watch all night, watch all night, Set a man to watch all night, My fair Lady. Suppose the man should fall asleep, Fall asleep, fall asleep, Suppose the man should fall asleep? My fair Lady. Give him a pipe to smoke all night, Smoke all night, smoke all night, Give him a pipe to smoke all night, My fair Lady. Jack and Jill went up the hill to fetch a pail of water Jack fell down and broke his crown And Jill came tumbling after. Up got Jack, and home did trot As fast as he could caper He went to bed and bound his head With vinegar and brown...
Words: 496 - Pages: 2
