Axis Bank Results- Declares 2008 March ending Quarter Results

Axis Bank net profit rose 70.56% to Rs 361.40 crore in Qtr End March of 2008 compared to Rs 211.89 crore during the same quarter Prev Yr 2007. Total operating income rose 47.46% to Rs 2015.43 crore in Qtr End March of 2008 compared to Rs 1366.77 crore during the same quarter Prev Yr 2007......

Inflation hits 3-yr high of 7%; brace up for CRR hike: Experts

Inflation for the weekended March 22 stands at 7% versus 6.68%. The market had estimated it at 6.52%. The vegetable prices are up 4.9% for the week-ended March 22, while the primary articles WPI (Wholesale Price Index) is 1.8% for the same week end. The minerals WPI is up 38.2%, while the metallic minerals WPI is up 42.8% for the week-ended March 22. http://www.avdhootinvestment.com

Mkts have good entry points; Apr-May crucial: UBS

Manishi Raychaudhuri, ED at UBS Securities, has a view that the month of April and May are going to be crucial for markets. He said that the risk appetite has come down a lot and market today is at 15x 1-year forward PE. http://www.avdhootinvestment.com