The BSE Sensex closed 343 points lower, while the NSE Nifty closed lower by 116 points. The BSE Midcap and Smallcap indices closed in the green, up by 2% and 3% respectively. The rupee was trading at 49.72 to the dollar.

Here’s a chart showing the stock price (blue line, left scale) and the earnings-per-share (gold line, right scale). The two axes are scaled at a ratio of 50-to-1 which means that when the lines cross, the P/E ratio is 50. Using 50 is obviously a very high multiple. But as you can see, that’s what the stock was following for a long time.

Year to date, the best performing major equity markets in US dollar terms have been USA (Dow Jones down 38%), Switzerland (down 36%) and Chile (down 36%) while China (down 73%) and Russia (down 72%) have been amongst the worst performers. India, Austria, Greece, Hungary, Norway, Turkey, Indonesia and Venezuela are all down in excess of 60% year to date in US dollar terms. On a year on Year basis, metals are down over 44% since November last while Oil has closed at its 20 month low on its journey south. Gold which was thought of a safe haven in times of imploding markets and a cloudy future is down 9% over its closing previous November. Commodity index is down over 40% over November 07.

The BSE Sensex closed 100 points lower, while the NSE Nifty closed lower by 6 points. The BSE Midcap and Smallcap indices also ended lower, down 3% each. The rupee was trading at 48.98 to the dollar.

The BSE Sensex closed 126 points lower, while the NSE Nifty closed lower by 38 points. The BSE Midcap and Smallcap indices also ended lower, down 2% and 1% respectively. The rupee was trading at 49.14 to the dollar.

The BSE Sensex closed almost 260 points lower, while the NSE Nifty closed lower by 100 points. The BSE Midcap and Smallcap indices also ended lower, each down 2%. The rupee was trading at 49.12 to the dollar.

The BSE Sensex closed 700 points lower, while the NSE Nifty closed lower by 210 points. The BSE Midcap and Smallcap indices also ended lower, down 3.6% and 2.5% respectively. The rupee was trading at 47.99 to the dollar.

It’s the bulging order books of these companies that have helped them grow their topline in a strong manner. However, the high interest rates and the rupee volatility (forex losses) have impacted the profitability of most capital goods sector companies.

the steel industry is an important component of the metal index. In this article, we will discuss the consolidated performance of the major companies in the steel sector during 2QFY09. For this purpose, we have considered three major players in the industry. Tata Steel, SAIL and JSW Steel. These companies constitute more than 40% of the market share of steel in India.

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So, as we enter November, and a number of Indian indicators start to improve, it is certainly worth asking ourselves, has India turned the corner? Will India lead the emerging markets charge during the next global expansion?

The company has been continuously paying dividends to its shareholders for the last 47 years and is among one of the very few Indian companies with such an amazing track record of dividend payout. Hence, given this long history, there is very little chance that the company might stop paying dividends to its shareholders in the future.

The BSE Sensex closed almost 580 points higher and the NSE Nifty closed higher by 170 points. The BSE Midcap and Smallcap indices closed in the green, higher by 3.6% and 2.3% respectively. The rupee was trading at 47.37 to the dollar.

China will take certain monetary and fiscal measures like its western counterparts. However, the main focus will be on public spending. It will carry out infrastructure and social welfare projects such as railroads, subways, airports and rebuilding earthquake hit areas.

Since then, governments have been hastily working out massive bailout plans for their banking systems, in the United States, the European Union, Russia, South Korea, and elsewhere. This was a long awaited recognition that radical measures were needed to avoid a global collapse given the huge amount of outstanding derivatives and other off-the-balance-sheet liabilities threatening the stability of the global financial system.

RBI Governor D. Subbarao’s viagra infusion of Rs 100,000 crores in liquidity through 3 cuts in CRR, followed by a cut in the repo rate, failed to raise the Sensex. Nor did efforts by the Finance Minister and the Prime Minister to instil a measure of confidence through assurances that all was well with the Indian economy.

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As a subscriber pointed out yesterday morning, the company has a market cap of $3.34 billion and is trading below the value of cash and short-term investments it holds even after taking out short-term and long-term debt. This is based on the March 2008 balance sheet available on Yahoo Finance.

Q3 2008 Earnings Call