Research

Bulls surrender their last frontier

If you thought the key price action of last week’s trading activity in the Indian bourses was Reliance’s drop on Friday, that is not entirely true. The CNX IT index’s steady price erosion over the last week is actually more important. All through the corrective declines since the March 09 bottom, not once did this index drop […]

So much for the Reliance-BP deal!!

When Reliance announced the deal with BP there was quite a bit of excitement amongst the analyst community. Some even thought this was a game changer for the stock. But here is the stock dipping under the pre-deal announcement levels. If the stock closes Rs 10 under Friday’s close, the deal essentially would mean nothing […]