Recession effect on TATA Motors.

TATA motors is closing it Pune factory for 3 days ( From this Monday). This closure is basically just for commercial vehicle segment. Passenger car segment will continue its production normally.
This step is taken because of slump in demand for these vehicles.

More over sales of passenger cars will see a further decline in comming months. It is yet to feel the pinch of recession.

More bad news is expected to come from this sector as well as this company.

This year proved to be a very unlucky one for TATA group as first they lost their Singur plant and later last month they faced a huge damage due to terror attack on Taj Hotel in Mumbai.

Hope the comming year brings cheer for TATA Group.
I am bullish on TATA Motors for long term view.
Happy Investing.

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Few pictures of Terror attack in Mumbai - 44Hrs of Terror.

Hello people these are few pictures which I got a mail from my relative on the Terror attack in Mumbai.

The blood battel is still not out. Its been 44 hours now of terror!

People Join the cause and tell your friends about this.

*All credits go to the respective photographers who took risk of their lives to click them.

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Investor sentiment may take a knock.

Wednesday’s terrorist attack that rocked the financial capital of the country could further dampen investor sentiment already shattered by the credit crisis, say analysts and marketmen.

However, most of them do not expect a sharp fall in key indices.

“There might be a knee-jerk reaction in the market when it opens”, said Mr Manish Sonthalia, Vice-President, Equity Strategy, Motilal Oswal Financial Services Ltd.

Both Bombay Stock Exchange and National Stock Exchange were officially closed on Thursday following the terror attack.

“I don’t see a great impact tomorrow on markets,” said Mr U. K. Sinha, Chairman & Managing Director of UTI AMC. In the past also such developments had only a temporary impact on trading, he said.

Both BSE and NSE said that the expiry in futures and options, and settlement due on Thursday, were postponed to Friday.

The Singapore Nifty Index Futures opened a little lower than the previous close and ended lower by 64 points.

The terror attack as such is not going to impact the market but will have sentimental impact and foreigners may defer their investment plans, said Mr Dinesh Thakkar, CMD of Angel Broking Ltd.

Some analsyts feel that in the event of a market crash, domestic institutions such as LIC might come to the rescue, said the head of research at a broking firm.

On Tuesday, Sensex ended higher by 331.19 points at 9026.72.

Downgrade seen

As foreign tourists were held captive in top hotels, there might be a downgrade on the big and reputed names in the hotel industry, said Ms Anita Gandhi, Head of Institutional Business, Arihant Capital Markets Ltd.

The terror attack is bound to create a panic amongst the foreign investors which in turn could impact foreign direct and institutional investments.

The US traded shares of Indian companies were up on Wednesday. ICICI bank was up by 1.8 per cent, Infosys by 6 per cent, MTNL by 3.1 per cent and Wipro by 3.8 per cent.

Meanwhile, the SEBI board, scheduled to meet tomorrow, is expected to consider, among others, the exit route for regional stock exchanges and guidelines for separate exchanges for small and medium enterprises.

The equity, currency, bonds and money markets were officially closed on Thursday.

Source - TheHinduBusinessLine.

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Stock Markets to be Shut today on account of Terror Attack in Mumbai.

The worst evers terror attack on Indias Financial capital has led to the closure of Indian stock markets. This is the latest news comming at 8.00 am. 

Roleover is posponded.

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