~~~Market Updates~~~ [Archive] - Page 2

sgokulprathap

17th July 2006, 11:54 AM

July 17,2006.
On the corporate front:

:arrow: Results today: India Cements, Mid-day. Mah Seamless, TV Today, CMC, Geometric, GAIL, GHCL, Titan and Deepak Fert
:arrow: Reliance Retail eyeing to buy Arvind Brands' Ruff n Tuff apparel
:arrow: Tata Steel loses bid for South Africa's Highveld; Russia's Evraz bags it for USD 687 million
:arrow: Aurion Pro close to acquiring US based firm - BS
:arrow: Birla VXL board approves 4:7 rights issue at Rs 10 per share
:arrow: Crew BOS allotted 30 acres of land by Rajasthan State Development; company says exploring options of making debut in retail
:arrow: 74.64 crore Unitech shares issued ad bonus to hit markets today
:arrow: Nirma closes in on US acquisition, likely to acquire Linear Alkyl Benzene manufacturing firm - ET
:arrow: Essar Oil is set to reopen 300 odd closed pumps as dealers threatened to walk out of the agreement - ET
:arrow: RIL plans Rs 2000 crore (Rs 20 billion) Mumbai IT park, no out of court settlement with NTPC - BS
:arrow: Govt plans to give domestic airliners free hand in pricing tickets - BS
:arrow: Vodafone open to the idea of increasing stake in Bharti Airtel - BS
:arrow: Govt may lift ban on sugar exports in October, record output of 22 mt likely this season - BL

:arrow: Bajaj Auto Q1:
->Net sales up by 35% to Rs 2202.7 crore from Rs 1634.2 crore
->Net profit up 27.28% to Rs 266 crore from Rs 208 crore
->OPM at 16.34% versus 15.8%

:arrow: Gruh Finance Q1
->Net profit at Rs 3.19 crore versus Rs 2.40 crore
->Net sales at Rs 28.5 crore versus Rs 19.9 crore

:arrow: Aban Lloyd Q1:
->Net profit at Rs 19.1 crore versus Rs 20.6 crore
->Net sales at Rs 123.8 crore versus Rs 121.8 crore
->OPM at 53.7% versus 56.8%

:arrow: Sakthi Sugars Q4:
->Net profit at Rs 35.9 crore versus Rs 1.74 crore
->Net sales at Rs 299.5 crore versus Rs 219.3 crore
->OPM at 25% versus 13.7%

:arrow: McDowell Q1:
->Net profit at Rs 34.7 crore versus Rs 10.4 crore
->Net sales at Rs 533.5 crore versus Rs 326.4 crore
->OPM at 14.1% versus 10.1%

:arrow: GNFC Q1:
->Net profit at Rs 47.1 crore versus Rs 61.4 crore
->Net sales at Rs 431 crore versus Rs 314 crore
->OPM at 20.7% versus 24.8%
->Optg profit at Rs 89.2 crore versus Rs 77.8 crore
->Other income at Rs 5 crore versus Rs 40 crore

:arrow: GSFC Q1:
->Net profit at Rs 50 crore versus Rs 70 crore
->Net sales at Rs 449 crore versus Rs 425 crore
->OPM at 16.5% versus 24.2%

:arrow: Gujarat Alkalies Q1:
->Net profit at Rs 42.6 crore versus Rs 63.2 crore
->Net sales at Rs 241.8 crore versus Rs 246.4 crore
->OPM at 34.3% versus 48.6%

:arrow: Madras Aluminium Q4:
->Net profit at Rs 35 crore versus Rs 9.68 crore
->Net sales at Rs 130 crore versus Rs 103 crore
->OPM at 44.8% versus 21.1%
->FY06 EPS at Rs 37

:arrow: Micro Inks Q1:
->Net loss at Rs 13.7 crore versus profit of Rs 22.8 crore
->Net sales at Rs 233.7 crore versus Rs 206.9 crore
->OPM at 1.77% versus 15.7%

sgokulprathap

17th July 2006, 04:12 PM

July 17, 2006. Markets Bearish.

BSE Indices:
Sensex-> 10293.22 (385.00 points, 3.61%).
BSE100-> 5208.63 (190.56 points, 3.53%).
BSE500-> 3892.73 (131.88 points, 3.28%).
BSE Auto-> 4341.63 (198.66 points).
BSE Bank-> 4144.62 (119.77 points, 2.81%).
BSE Cap Goods-> 6722.01 (221.55 points).
BSE FMCG-> 1906.91 (58.32 points).
BSE Health-> 3029.06 (89.15 points).
BSE Metal-> 7989.19 (319.74 points).
BSE Midcap-> 4265.94 (88.14 points, 2.02%).
BSE Oil & Gas-> 5061.43 (208.86 points).
BSE PSU-> 4688.56 (225.38 points, 4.59%).
BSE SmallCap-> 5175.91 (115.19 points, 2.18%).
BSE TECk-> 2512.20 (85.44 points).

NSE Indices:
Nifty-> 3007.55 (116.75 points, 3.71%).
CNX Midcap 100-> 3785.15 (92.50 points).

sgokulprathap

17th July 2006, 04:14 PM

SENSEX:

Day's High: 10647.26.
Day's Low: 10262.56.

sgokulprathap

17th July 2006, 04:18 PM

Mkts down amid geopolitical tensions: Sensex below 10300

The markets saw a sharp fall due to heavy indiscriminate selling in scrips across sectors. The markets across the globe have seen weakness but the Indian markets have taken a harder knock as compared to its Asian peers. The massive fall can be attributed to the geopolitical concerns and rising crude oil prices.

The Sensex closed below the 10300 mark and the Nifty just above the 3000 mark. It was the biggest single-day loss for Sensex since June 13. On the macroeconomic front, the rupee has slipped to 37 month low of 46.58/$.

:arrow: The Sensex finally closed at 10,293.22 down by whooping 385 points.

:arrow: The Nifty closed at 3008 down 116 points.

:arrow: The BSE Small Cap Index closed at 5,175.91, down 115.19 points.

:arrow: The BSE Midcap Index ended at 4,265.94, down 88.14 points.

:arrow: All the BSE sectoral indices closed in red. Among the major laggards were auto, oil and gas, metal and capital goods.

Markets today:
:arrow: Biggest single-day loss for Sensex since June 13 amid geopolitical tensions
:arrow: Rupee hits new 37 month low at Rs 46.63
:arrow: Sensex down 385 points or 3.6% at 10293.22
:arrow: Nifty down 3.7% or 115.80 points at 3007.55; slips below 3000 intra-day
:arrow: All BSE Sectoral Indices end in the red
:arrow: BSE Auto Index down 4.4%; Tata Mot down 5.8%, Maruti down 5.1%
:arrow: BSE Oil & Gas Index down 4%; ONGC slides 7.1%, RIL down 3.1%
:arrow: BSE Metal Index down 3.8%; Sterlite down 5.4%, Hindalco down 4.5%
:arrow: CNX Midcap Index down 2.4%, BSE Small-cap Index down 2.2%
:arrow: NSE Advance-Decline ratio at 1:5
:arrow: Total market turnover at Rs 28716.67 cr Vs Rs 31134.63 cr on Friday
:arrow: The Auto index closed at 4,341.63 down 4.38%. M&M, Escorts, Tata Motors, TVS Motor, Ashok Leyland and Cummins closed lower.

:arrow: The BSE Oil and Gas Index closed down 3.96% at 5,061.43. ONGC, GAIL, IOC and Petronet LNG were among the losers.

:arrow: The BSE Metal Index was down 3.85% at 7,989.19. Sterlite Ind, Sesa Goa, Hindalco, SAIL and JSW Steel witnessed selling pressure.

:arrow: The BSE Capital Goods Index down 3.2% at 6,722.01. Bharat Elec, Aban LoydChiles, Gammon India, Siemens and Praj Industries closed lower.

:arrow: The BSE FMCG Index was down 2.97% at 1,906.91. Colgate, Shaw Wallace, HLL and Britannia closed in red

:arrow: The BSE IT Index was down 2.9% at 3,820.38. Satyam, I-Flex Solution, HCL Info and Patni Computer moved down.

:arrow: The BSE Health care index was down 2.86% at 3,029.06. Dr Reddys Labs, Ranbaxy Labs, Cipla, Lupin and Sun Pharma slipped.

:arrow: The BSE Bankex was down 2.8% at 4,144.62. Bank of India, SBI, Oriental Bank, UTI Bank and PNB were among the losers.

:arrow: The BSE Consumer Durables Index lost 2.25% at 2,692.96. Titan Industries, Blue Star and Su-Raj Diamonds lost ground

:arrow: The NSE cash turnover was at Rs 5015.46 crore and the NSE F&O turnover was at Rs 21283.04 crore. The BSE cash turnover was Rs 2418.17 crore. Total market wide turnover was at Rs 28716.673 crore.

sgokulprathap

18th July 2006, 04:14 PM

July 18, 2006. Another Red day.

SENSEX-> 10226.78 (66.44 points, 0.65%).
NIFTY-> 2993.65 (13.90 points, 0.46%).

SENSEX:
Day's High: 10406.43.
Day's Low: 10149.85.

sgokulprathap

21st July 2006, 04:40 PM

July 21, 2006.

SENSEX-> 10085.91 (267.03 points, 2.58%).
NIFTY-> 2945.00 (78.05 points, 2.58%).

sgokulprathap

21st July 2006, 04:43 PM

SENSEX:

Day's High: 10336.38.
Day's low:10085.91.

sgokulprathap

21st July 2006, 04:45 PM

July 21, 2006.

Reliance ADAG plans world's largest power plant

Reliance Anil Dhirubhai Ambani Group on Friday unveiled a grand spending plan of over Rs 60,000 crore (Rs 600 billion) in Orissa, which included an investment blueprint for the world's largest pithead thermal power plant.

The 12,000 MW coal-fired plant is expected to be set up at Hirma in Jharsuguda district in phases, ADAG Chairman Anil Ambani said at the state secretariat in Bhubaneswar after a meeting with Chief Minister Naveen Patnaik.

"I have no doubt in my mind that Orissa with its coal reserves will be the power capital of the entire country. Over the next few decades, Orissa will have its rightful place (as a developed state) in India," he said.

Ambani said the outlay for the power plant would be in excess of Rs 50,000 crore (Rs 500 billion), while another Rs 10,000 crore (Rs 100 billion) would be invested for transmission and evacuation of the power generated.

"It will represent the largest investment in power sector anywhere in the world," he said, adding a 4,300 MW coal-fired plant in South Africa was the largest thermal unit at a single location at present.

ADAG's spending plan is also the largest for any project by a group in the country and beats the Rs 52,000 crore (Rs 520 billion) investment proposal of South Korean steel giant Posco and the Rs 30,000-40,000 crore (Rs 300-400 billion) steel plant plan of Mittal Steel - both in Orissa.

Besides Rs 60,000 crore for the power plant and allied works, the group would be investing in a health city, IT and IT related infrastructure in the state.

The health city would comprise a hospital and infrastructure for medical education and research near the capital city, he said.

Ambani said his company proposed to invest Rs 1,000 crore (Rs 10 billion) separately for communication and IT sector and another Rs 500 crore (Rs 5 billion) in the health sector.

The company would first set up a 4,000 MW plant at Hirma, which would be progressively expanded by adding 1,000 MW to the capacity.

"This will be the engine of growth and catalyst for future industrial development... I am looking forward to working with the Orissa government," Ambani said.

Asked to outline a timeframe for the Hirma project, he said as the basic approvals including environmental clearance would take time, the work is expected to begin within six to 12 months.

It would require about four to five years to set up the 4,000 MW plant. "No one has attempted this so far and we are pursuing a fast-track approach."

Replying to questions, Ambani said his company was committed to work within the policy framework of the state. "We need a converged path to reach solutions," he remarked.

As regards the question of displacement, he said the government had a comprehensive rehabilitation and resettlement policy in place as also a policy on environmental protection.

As regards the question of displacement, he said: "We will explain to the people. We will not be able to move forward without the cooperation and appreciation of the people."

When asked why REL was not harnessing atomic energy for power generation as coal is considered a serious pollutant, Ambani said his company was awaiting amendment to the comprehensive Atomic Energy Act.

"But India's energy solutions need a multi-track approach and one single track will not help. We have to tap hydro, thermal, atomic, wind and solar resources to meet the requirement," he said.

sgokulprathap

25th July 2006, 09:34 AM

July 24, 2006.
Bank stocks lead the rally. SENSEX, NIFTY recovered.
Small cap & Midcap index still end RED.

SENSEX-> 10215.37 (129.46 points, 1.28%).
NIFTY-> 2985.85 (40.85 points, 1.39%).
BSEBANKEX-> 4388.67 (202.20, 4.83%).

BSEMIDCAP-> 4012.48 (18.34 points, 0.45%).
BSESMLCAP-> 4758.26 (56.46 points, 1.17%).
CNX Midcap100-> 3640.15 (75.85 points).

sgokulprathap

25th July 2006, 09:38 AM

July 24, 2006.

Sensex:

Day's high: 10252.75.
Day's low: 9875.35.

sgokulprathap

25th July 2006, 05:18 PM

July 25, 2006. Markets bounce back.

SENSEX-> 10415.61 (200.24 points, 1.96%).
NIFTY-> 3040.50 (54.65 points, 1.83%).
BSEMIDCAP-> 4095.38 (82.90 points, 2.07%).
BSESMLCAP-> 4854.16 (95.90 points, 2.02%).
BSEBANKEX-> 4569.30 (180.63 points, 4.12%).
CNX MIDCAP100-> 3703.35 (76.95 points).

sgokulprathap

25th July 2006, 05:20 PM

SENSEX:

Day's high: 10443.05.
Day's low: 10323.77.

sgokulprathap

25th July 2006, 05:33 PM

Mkts give :thumbsup: to credit policy

The markets had a steady session today digesting the 25 bps hike in repo and reverse repo rate, which was in line with the market expectations. It was the second straight session of gain for the markets and it was once again led by the banking stocks.

The Sensex closed with handsome gains of 200.24 at 10,415.61 and the Nifty gained 54.65 points or 1.83% at 3040.5 in tandem with its Asian peers.

Asian markets closed very strong and the European markets have also opened in the green

Apart from banking there was good upmove in the cement stocks with above street expectations results by Ultratech.

The BSE Small Cap Index closed at 4,854.16, up 96 points.

The BSE Midcap Index ended at 4,095.38, up 83 points.

About 1613 shares have advanced, 734 shares declined, and 76 shares are unchanged.

All the BSE sectoral indices closed in the green. Banking stocks lead the rally followed by cement and capital good stocks.

The BSE Bankex was up 4.12% at 4,569.30. Union Bank, UTI Bank, Oriental Bank, ICICI Bank, HDFC Bank, PNB, Canara Bank and Bank of Baroda were among the gainers.

The BSE Capital Goods Index was up 2.5% at 6,556.44. Gammon India, Lakshmi Machine, Crompton Greave, Bharat Elec and Carborundum closed higher.

The BSE Consumer Durables Index gained 2.34% at 2,574.24. Su-Raj Diamonds, Samtel Color, Titan Industries and BPL were up.

The BSE Metal Index advanced by 2% at 7,691.66. SAIL, Tata Steel, Sterlite Ind, Guj NRE Coke, Hindalco witnessed buying interest.

The BSE Oil and Gas Index rose 2.1% at 4,991.39. MRPL, GAIL, Chennai Petro, IOC, Petronet LNG advanced higher.

The BSE Health Care Index was up by 1.75% at 3,103.43. Cipla, Dr Reddys Labs, Divis Labs, Apollo Hospital and Nicholas Piramal were among the major gainers.

The BSE Auto Index added 1.5% at 4,275.37. Ashok Leyland, Escorts, Cummins, Tube Investment and Tata Motors closed in positive terrain.

The BSE IT Index was up by 0.8% at 3,837.97 moved up. Satyam, Mphasis BFL, TCS and Infosys jumped

The BSE FMCG Index was up 0.7% at 1,856.48. P&G, HLL, Shaw Wallace, Colgate and Dabur India closed in green.

The NSE cash turnover was at Rs 5421.16 crore and the NSE F&O turnover was at Rs 27418.75 crore. The BSE cash turnover was Rs 2607.46 crore. Total market wide turnover was at Rs 35447.37 crore.

sgokulprathap

25th July 2006, 05:40 PM

The following changes were made in credit policy
:arrow: RBI hikes Reverse Repo Rate By 25 bps to 6%
:arrow: RBI hikes Repo Rate By 25 bps to 7%
:arrow: RBI keeps Bank Rate unchanged to 6%
:arrow: RBI keeps CRR unchanged at 5%

sgokulprathap

25th July 2006, 05:43 PM

:arrow: Among the other markets; Wall Street stocks rallied; Dow gained 183 points.

It is all looking smart in Asia also.
:arrow: Nikkei was up nearly 2%
:arrow: Kospi was up nearly 2%
:arrow: Straits Times up 1.1%
:arrow: Hang Seng up 1%
:arrow: Taiwan up about 1%.

In the emerging markets
:arrow: Brazil was up 2%
:arrow: Mexico up 2%
:arrow: Russia up about 1%.

sgokulprathap

26th July 2006, 05:50 PM

July 26, 2006. All indices end green.

SENSEX-> 10617.27 (201.66 points, 1.94%).
NIFTY-> 3110.15 (69.65 points, 2.29%).

SENSEX:
Day's high: 10648.77.
Day's Low: 10362.61.

sgokulprathap

26th July 2006, 06:02 PM

July 26, 2006. All indices end green.

SENSEX-> 10617.27 (201.66 points, 1.94%).
NIFTY-> 3110.15 (69.65 points, 2.29%).

SENSEX:
Day's high: 10648.77.
Day's Low: 10362.61.

sgokulprathap

27th July 2006, 06:34 PM

July 27, 2006. Bulls continue to run.

SENSEX-> 10741.59 (124.32 points, 1.17%).
NIFTY-> 3156.15 ((46.00 points, 1.48%).

sgokulprathap

27th July 2006, 06:36 PM

SENSEX:

Day's High: 10762.67.
Day's Low: 10589.68.

sgokulprathap

27th July 2006, 06:39 PM

1st time Sensex gains 100 pts in 4 straight sessions.

It was a big day for the markets as it closed in the positive for the fourth straight session amid volatility. It was the first instance of 4 straight sessions of gain for Sensex ever. On the F&O expiry day the Sensex gained 124 points and Nifty was up 46 points.

About 1422 shares advanced, 934 shares declined, and 78 shares were unchanged.

The corporate results also propelled the markets, in the pharma space, after Ranbaxy Dr Reddy's came out with stellar set of numbers way beyond street expectations. Banking sectors gave some positive surprises with IOB and Syndicate Bank. Maruti Udyog came also out with strong set of numbers.

The Sensex closed with gains of 124 points at 10,741.59 and the Nifty gained 46 points at 3156.

The BSE Small Cap Index closed at 5,029.36, up 61 points.

The BSE Midcap Index ended at 4,228.79, up 47 points.

The rally was seen in indices across sectors. All the BSE sectoral indices closed in the green. Capital goods stocks led the rally followed by consumer durables and auto stocks.

The BSE Capital Goods Index was up 2.8% at 6,876.82. Alstom Projects, BHEL, Bharat Elec and BEML closed higher.

The BSE Consumer Durables Index gained 2.2% at 2,663.67. Titan Industries, BPL, Su-Raj Diamonds and Samtel Color Industries were up.

The BSE Auto Index added 1.9% at 4,448.55. Cummins, MRF, MICO and Tube Investment closed in positive terrain.

The BSE Bankex was up 0.9% at 4,652.32. Bank of India, IOB, Oriental Bank and PNB were among the gainers.

The BSE IT Index was up by 0.8% at 3,951.95 moved up. I-Flex Solution, Wipro, Moser Baer and Mphasis BFL jumped

The BSE Health Care Index was up by 0.6% at 3,183.82. Ipca Labs, Dr Reddys Labs, Sun Pharma and Orchid Chemical were among the major gainers.

The BSE Metal Index advanced by 0.4% at 7,819.00. Welspun Guj, JindalStainless, Hindalco and SAIL witnessed buying interest.

The BSE Oil and Gas Index rose 0.35% at 5,127.85. ONGC, MRPL, Chennai Petro, Petronet LNG advanced higher.

The BSE FMCG Index was flat at 1,907.41. Tata Tea, McDowell, HLL and Britannia closed in green.

sgokulprathap

28th July 2006, 04:26 PM

July 28, 2006. Markets witness selling pressure.
Sensex, Nifty end RED. Midcaps end GREEN.

SENSEX-> 10680.23 (61.36 points, 0.57%).
NIFTY-> 3130.80 (25.35 points, 0.80%).
BSE100-> 5389.04 (21.51 points, 0.40%).
BSE500-> 4002.67(3.81 points, 0.10%).
BSEAUTO-> 4415.68 (32.87 points).
BSEFMCG-> 1889.99 (17.42 points).
BSEMETAL-> 7806.22 (12.78 points).
BSEOIL&GAS-> 5052.85 (75.00 points).
BSETEC-> 2580.45 (36.14 points).

BSEPSU-> 5009.98 (27.36 points, 0.55%).
BSEMIDCAP-> 4277.53 (48.74 points, 1.15%).
BSESMLCAP-> 5065.17 (35.81 points, 0.71%).
BSEBANKEX-> 4719.66 (67.34 points, 1.45%).
BSE Cap Goods-> 6908.91 (32.09 points).
BSE Health-> 3217.96 (34.14 points).
CNX MIDCAP100-> 3842.05 (40.30 points).

sgokulprathap

28th July 2006, 04:29 PM

[tscii:4cbe1cdbd9]SENSEX:
Day’s High: 10787.65.
Day’s Low: 10603.83.
[/tscii:4cbe1cdbd9]

sgokulprathap

28th July 2006, 04:32 PM

July 28, 2006.
Markets take a breather: Sensex retraces from 10700.

After four good days of gain the markets closed with bit of retracement on the last day of week. The Sensex saw a good week but a soft session as it closed below the 10700 level. The Sensex closed at 10,680.23 down 61 points. The Nifty lost 25 points to close at 3131.

The BSE Small Cap Index closed at 5,065.17, up 36 points.

The BSE Midcap Index ended at 4,277.53, up 49 points.

sgokulprathap

28th July 2006, 04:33 PM

Asian markets were trading marginally higher. Japan's Nikkei share average gained 61.68 points or 0.41% at 15,241.46.

Wall Street fell modestly. Dow Jones closes down 2.08 points, or 0.02%, to 11,100.43.

sgokulprathap

29th July 2006, 10:44 AM

[tscii:d7ad5df453]August will be a dull month for mkts: India Infoline
28 July, 2006.

Nirmal Jain of India Infoline believes the month of August would be a lackluster and dull month. The market will remain range bound, just the way the month of July has been, he adds.

"I do not think the market is going down either in a big way nor is it going up in a big way. It will wait for new triggers, which may take at least three-six months to come," says Jain.

Excerpts from CNBC - TV18’s exclusive interview with Nirmal Jain:

Q: What have you made of all the banking numbers that have come out so far?

A: In banking numbers, one has to look at the provision figures without which it is very difficult because their reported profit numbers can be very widely based on what kind of provisioning the bank has decided to take in a particular quarter.

But I think even State Bank of India numbers were below expectations and just now Oriental Bank of Commerce numbers have come, which are again below expectations. But still, the market has not reacted that negatively, primarily because valuations were attractive.

Secondly, there is just a quarter percent increase in interest rate, which has been in line with expectations. And there has not been any rude surprise there, the liquidity is there in the banking stocks. One or two banks like the SBI and Bank of Baroda look good

Q: We have seen most of the earnings for this quarter, what is the call on the markets now? Do you think the market can pierce 11,000 and trade above that or it will remain in that range?

A: Markets will remain in this range. Even if it pierces 11000, I do not think it will pierce with a reversal of trend or there will be a bullish market and it would not head towards 12000.

Given the current liquidity and market conditions, the market will remain in a narrow range. In fact, in the last three-four days, 700-point rise has been a bit of a surprise. But still, today markets have been in a corrective phase.

I do not think the market is going down either in a big way nor is it going up in a big way. It will wait for new triggers, which may take at least three-six months to come

Q: Anything that you like from the pharmaceutical space so far?

A: MNC like GlaxoSmithKline Pharmaceuticals looks good. Other than that, Jubilant Organosys is a good company. They have reported good numbers. So these are the preferred stocks.

Q: What do you do with the autos now that most people seem quite happy with the four-wheeler numbers? Is that a reason enough for you to hold on or buy these stocks now, despite some of the other concerns, which are blowing in the wind?

A: I would hold on to auto stocks and maybe buy on a decline. Today there has been some correction in Bajaj Auto and other stocks.

In four wheelers also, Tata Motors and Mahindra and Mahindra had reported good numbers. In fact they are reporting good volume growth, which is despite continuous increase for last year.

This shows that the economy is doing well and if monsoon is good, then probably we will see much better numbers in September-October.

Q: As we go into this range bound market that you foresee, what do you think is going to be the big news event or big trigger that you are going to look out for?

A: It is an unlikely event, but if the government is able to get through some major reforms, maybe in labour or disinvestments, that could trigger investment interest of foreign investors. Besides that, there can be events on the global front, which could be stabilization of interest rates in Japan and US market and increase allocation to emerging markets by some of the large funds.

Other than that, the monsoon is good and if September quarter numbers are good, then also we will see a slow revival in FII interest. That can probably lead the rally.

Q: How do you read the month of August now?

A: Month of August would be lackluster and dull month. In fact, the market will remain range bound, just the way the month of July has been. Maybe in the month of August and towards late September or even October, one may see some triggers on expectations of September quarter results, impact of monsoon and also the global liquidity scenario, which will become much clearer. Probably one could see some more action in all emerging markets as funds get allocated or all the worries on the US front get settle either which way.

Q: Do you like anything in midcap cements and midcap sugar?

A: I think midcap cement looks good. In fact, this quarter for cement companies will be exceptionally good, the profit numbers can be high because cement prices are ruling firm and all cement companies are able to dispatch and operate at almost full capacity. It is a capital intensive business.

So operating leverage is high, when they have slightly high realisation or slightly higher volumes and the operating profit goes up significantly. So one should watch out this quarter result of cement companies, they are likely to be exceptionally good.

One has to be selective in sugar, because every sugar company has a different area. Also some sugar companies can get a good crop. Probably one will be able to take advantage of firm sugar prices. But cement across the board has more positive momentum as compared to sugar.

Q: If you were long on the market and had been riding the four-day wave, would you take profits now or take a chance and keep it open next week to see whether you can get closer to 11000?

A: From a short term trading perspective, one can take profit. In fact, till yesterday, there was short covering of F&O positions. So this new F&O cycle has started today and the Nifty futures are quoting at around 30-35 points discount to the Nifty.

That shows that most of the market people are not very bullish on this scenario and also most of the futures are not at a premium to cash market price. So that shows that market is not going to run away from here at this point of time. So short term traders could take profits and just wait for the new week to start.

Q: What is your call, as a brokerage, on some of those frontliners like Reliance Industries and ONGC?

A: From a longer-term point of view both are good stocks. If somebody has a capacity to hold them for two-three years, we would say that buy and hold these stocks. From a short term perspective, there is no view on this stock, as they had some rally and now profit booking is going on.[/tscii:d7ad5df453]

sgokulprathap

31st July 2006, 10:29 AM

July 31, 2006.
Markets open strong: Sensex breaches 10800

The markets opened with a gap up on the back of good global cues and some strong corporate results. At 9:57 am, the Sensex was up points at 10802 up 122 points and the Nifty was up 34 points at 3165.

Asian markets were trading higher. The Nikkei average rose 0.7%, Hong Kong's Hang Seng gained 97.65 points or 0.58%, Singapore's Straits Times moved up 16.70 points or 0.69%, South Korea's Seoul Composite was up 9.35 points or 0.72% and Taiwan's Taiwan Weighted slipped 29.51 points or 0.46% at 6,450.56.

great

31st July 2006, 08:57 PM

Take a quiz on stock market

http://in.rediff.com/money/2006/jul/25quiz.htm

sgokulprathap

1st August 2006, 10:05 AM

Take a quiz on stock market

http://in.rediff.com/money/2006/jul/25quiz.htm I got only 2 out of 5 correctly in the first attempt. Took 2 chances for 1 question. Rest 2, I got wrong both in 1st and 2nd attempt. :(

sgokulprathap

1st August 2006, 10:13 AM

[tscii:de333f8d07]31 July, 2006.
Domestic textile cos on the prowl to grab American pie

India's textile exports to the US grew by 19.3% in April 2006, allowing it to capture a marketshare of almost 7%. From acquiring brands abroad to tie-ups to expanding capacities, domestic textile companies are leaving no stone unturned to grab a neat pie in the US textiles market.

In absolute terms, India's textiles exports to the US grew from USD 1.6 billion in 2005 to USD 1.9 billion in April 2006. This helped India gain its marketshare to 6.9% and made it the third largest supplier to the US. During the same period China's textile exports rose by .8% to USD 6.4 billion. India has an export target of $40 billion by 2010.

Although China still remains the largest textile exporter to the US, its market share has been steadly declining in recent times. The principal reason behind this is the levy of quotas on Chinese textiles in the US, which was to an advantage to Indian exporters. In March 2006, India’s market share in the US textiles import market had touched an all-time high of 7%.

A Morgan Stanley report states that India is likely to be one of the biggest beneficiaries of restrictions imposed on China. ”India gained 41 bps market share in total textile exports to the US and China lost 28 bps (y-o-y) during March due to the levy of quotas,” said the report. But India will need to do much more to make spectacular dent in China's share of the US market. For the 12-month period ended March ’06, India’s textile exports to the US stood at $4.8bn against China’s $22bn-plus.

Surprisingly, the competition with China in the textile business has an interesting side. While China is bigger than India in volumes, value-addition wise, India appeals more. Gokaldas Exports , Celebrity Fashion, and Orient Craft, are some of the companies which are big on exports.

In a bid to capture US marketshare, some of the textile companies are even concentrating on acquiring foreign brands. Welspun India and GHCL are cases in point. Welspun acquired 85% stake in CHT Holdings, the holding company of UK's largest and number one terry towel brand Christy for Rs 132 crore.

GHCL is a domestic soda ash company and does not have any presence in textiles. But it went ahead with two acquisitions in the last six months for about Rs 450 crore (Rs 4.5 billion). These are Dan River (bought in December 2005) and Rosebys. rosebys is UK's largest home textile retailer. Alok Industries has also chalked out plans to expand its range from bed linens to terry towels and is looking for a marketing tie-up in foreign markets.

When the going gets tough, TUFS get going

Against this backdrop, will the government's announcement on TUFS withdrawal impede growth plans of the industry? According to a Karvy report, the textile sector has off late seen lot of investments in the weaving segment. The feed stock for weaving industry is yarn, which is a high capital intensive and low margin business. The average margins here range between 5% and 8%. The TUFS subsidy made viable for these yarn companies to go for expansions when interest rates prevailing in the market were at its all time low. In a scenario where new expansion become difficult in yarn segment, then there will be shortage of yarn to commensurate with the weaving requirement, which witll push the yarn prices up. This will force the weaving companies either to increase the prices or take a hit on their margins. If prices are increased it will have impact on the garment prices and garment industry will see their exports declining

Till 30th April, 2006, the total loan amount sanctioned under TUFS stood at Rs 180.34 billion. While the total amount disbursed stood at Rs 117.74 billion. The amount sanctioned was against the total project cost of Rs 397.29 billion. The Government has estimated that the whole textile sector will require around Rs 1400 billion of investments to make the sector competitive to tap the global textile market and achieve the targeted export of $ 40 billion by 2010.[/tscii:de333f8d07]

great

1st August 2006, 09:41 PM

sgokulprathap

4th August 2006, 04:25 PM

August 4, 2006.

SENSEX-> 10866.51 (56.65 points, 0.52%).
NIFTY-> 3176.75 (13.25 points, 0.42%).

sgokulprathap

4th August 2006, 04:31 PM

Markets end weak: PSU bank stocks slip

It was the second day when markets were trying to sustain above some important levels but failed in its attempt to do so. The markets opened the day in positive terrain and moved higher but slipped again as profit booking set in at the higher level.

The Sensex closed at 10,866.51 down 56.65 points. The Nifty lost 13 points to close at 3177.

The BSE Small Cap Index closed at 5,216.87, down 22 points.

The BSE Midcap Index ended at 4,359.42, down 14.55 points.

Most of the BSE sectoral indices closed in red with Oil and Gas, FMCG and Bank being among the top laggards.

The BSE Oil and Gas Index closed down 1.69% at 4,996.19. Petronet LNG, HPCL, Reliance, IOC and GAIL were among the losers.

The BSE Consumer Durables Index lost 1.6% at 2,726.94. BPL, Blue Star and Titan Industries lost ground

The BSE FMCG Index was down 1.6% at 1,857.33. P & G, Tata Tea, ITC, HLL and Colgate closed in red.

The BSE Bankex was down 1.5% at 4,773.04. PNB, Allahabad Bank, IOB, Bank of India and Union Bank were among the losers.

The BSE Metal Index flat at 7,853.75. JindalStainless, SAIL, Guj NRE Coke and Tata Steel witnessed moderate buying.

The Auto index closed at 4,564.57 down 0.2%. Hero Honda, Ashok Leyland, Escorts, Cummins and Tube Investment closed lower.

The BSE IT Index was up 0.2% at 4,010.83. HCL Tech, TCS, Infosys and Patni Computer moved up.

The BSE Capital Goods Index was down 0.5% at 7,151.33. Gammon India, Alfa Laval, SKF India, Alstom Projects and Bharat Elec closed lower.

The BSE Health care index closed up 0.5% at 3,256.26. Sterling Bio, Cadila Health, Nicholas Piramal and Wyeth closed in the positive terrain.

The NSE cash turnover was at Rs 5531.27 crore and the NSE F&O turnover was at Rs 21406.45 crore. The BSE cash turnover was Rs 2541 crore. Total market wide turnover was at Rs 29478.72 crore.

sgokulprathap

4th August 2006, 04:33 PM

[tscii:e91997fbd9] SENSEX:
Day’s high: 11039.34.
Day’s low: 10810.04.[/tscii:e91997fbd9]

sgokulprathap

8th August 2006, 04:19 PM

August 8, 2006.

SENSEX-> 11014.97 (202.33 points, 1.87%).
NIFTY-> 3212.40 (61.30 points, 1.95%).
BSEBANKEX-> 5015.08 (157.39 points, 3.24%).

SENSEX:
Day's High: 11028.02.
Day's Low: 10839.53.

sgokulprathap

8th August 2006, 04:23 PM

August 8, 2006.
Markets cheer: Nifty ended above 3,200 first time since May 29

The markets had a good close just before the Fed meet; crossing some important barriers. It was a surprising rally before the event, buying was seen in scrips across sectors.

The Asian markets closed higher and the European markets opened in green on the back of dovish statement or may be a pause in interest rate hike being expected from the Fed Chairman Ben Bernanke.

The Sensex closed with gains of 202.33 points or 1.87% at 11,014.97 above the 11000 level. Nifty closed above 3,200 for the first time since May 29. The Nifty gained 61 points to close at 3212. The banking stocks were controlling the dynamics of the market.

The BSE Small Cap Index closed at 5,299.21 up 82.92 points or 1.6%.

The BSE Midcap Index ended at 4,410.16, up 51.29 points 1.18%.

The rally was seen in indices across sectors. All the BSE sectoral indices closed in the green. Bank stocks led the rally followed by capital goods and auto stocks.

sgokulprathap

8th August 2006, 04:26 PM

Markets Today (Aug 08):

:arrow: Nifty closes above 3,200 for first time since May 29
:arrow: Nifty up 1.95% at 3212.40
:arrow: Sensex up 1.87% at 11014.97; close above 11000 for first time since May 18
:arrow: All BSE Sectoral Indices end in the green
:arrow: BSE Bank Index up 3.24%; ICICI Bank up 4.79%, SBI up 2.52%
:arrow: BSE Oil & Gas Index up 2.14%; ONGC up 2.38%, RIL up 2.35%
:arrow: BSE Auto Index up 1.67%; Bajaj Auto, Maruti, Tata Mot up over 2% each
:arrow: CNX Midcap Index up 1.28%;
:arrow: bank & sugar stocks gain
:arrow: PNB up 7.84%
:arrow: ING Vysya Bank up 6.53%
:arrow: Balrampur Chini
:arrow: Bajaj Hind up over 5% each
:arrow: BSE Small Cap Index up 1.59%; Unity Infraprojects up 11%
:arrow: NSE Advance Decline ratio at 3:1
:arrow: Total market turnover at Rs 21575.01 cr Vs Rs 20097.85 cr on Monday
:arrow: The BSE Bankex was up 3.2% at 5,015.08.
:arrow: PNB, ICICI Bank, Oriental Bank, IOB and Bank of Baroda were among the gainers.

The BSE FMCG Index was up 1.9% at 1,892.32. McDowell, Shaw Wallace, Britannia and ITC closed in green.

The BSE Capital Goods Index was up 1.8% at 7,269.48. Ingersoll Rand, L&T, Bharat Elec, Siemens and Alstom Projects closed higher.

The BSE Auto Index added 1.7% at 4,600.72. Bajaj Auto, Maruti Udyog, Cummins, Tata Motors and Punj Tractors closed in positive terrain.

The BSE Metal Index advanced by 1.6% at 7,893.33. SAIL, Sterlite Ind, Hindalco, Tata Steel and Jindal Saw witnessed buying interest.

The BSE Health Care Index was up by 0.9% at 3,299.27. Divis Labs, GlaxoSmithKline, Wyeth, Sun Pharma and Matrix Lab were among the major gainers.

The BSE IT Index was up by 1% at 4,017.12 moved up. TCS, I-Flex Solution, Wipro, Infosys and HCL Tech jumped

The BSE Oil and Gas Index rose 0.79% at 5,049.79. Chennai Petro, ONGC, GAIL and Reliance advanced higher.

The BSE Consumer Durables Index gained 0.3% at 2,759.07. Samtel Color, Whirlpool, Su-Raj Diamonds, Titan Industries were up.

The NSE cash turnover was at Rs4275.11 crore and the NSE F&O turnover was at Rs 15166.25 crore. The BSE cash turnover was Rs 2133.65 crore. Total market wide turnover was at Rs 21575.01 crore.

sgokulprathap

8th August 2006, 04:28 PM

F&O UPDATE

:arrow: Turnover at Rs 15166.25 cr
:arrow: Nifty futures discount trim to 6 pts
:arrow: Nifty futures add 16 lakh shares in OI
:arrow: Top Traded :Hindalco,ICICI Bank,Alok Ind,Tata Steel,IDBI,SBI,Canara Bank
:arrow: Alok Indust adds 6 lakh shares in OI
:arrow: Canara Bank adds 4 lakh shares in OI
:arrow: Hindalco,ICICI Bank adds 13 lakh shares in OI

:arrow: PNB,Reliance Capital adds 3 lakh shares in OI
:arrow: SBI adds 4 lakh shares in OI
:arrow: ITC,HLL sheds 4 lakh shares in OI
:arrow: Allahabad Bank adds 5 lakh shares in OI

sgokulprathap

9th August 2006, 10:26 AM

Aug 09, 2006.
Bernanke pauses, keeps interest rates unchanged

The US Federal Reserve has paused and kept interest rates unchanged at 5.25%. This also ended a two-year run of consecutive increases while leaving room for further moves, should inflation accelerate.

The Federal Open Market Committee's statement after meeting in Washington said inflation has been "elevated" and remains a risk, using words identical to the last decision on June 29.

The panel then added a new sentence predicting price pressures will abate because of past Fed moves and "other factors restraining aggregate demand."

The decision also provoked Fed's first public disagreement since Chairman Ben S Bernanke took the Central Bank's helm in February.

great

9th August 2006, 01:32 PM

Kaipula, is there any Pension fund offered by UTI :roll:

sgokulprathap

9th August 2006, 02:26 PM

'UTI retirement benefit pension fund' is there.
http://www.utimf.com/schemes/Liquid_Cash_Plan.asp?q=%2054

sgokulprathap

9th August 2006, 02:31 PM

UTI Retirement Benefit Pension fund performance
http://www.valueresearchonline.com/funds/newsnapshot.asp?schemecode=281

sgokulprathap

9th August 2006, 04:18 PM

August 9, 2006. Markets turn BULLISH>

SENSEX-> 11145.18 (130.21 points, 1.18%).
NIFTY-> 3255.95 (43.55 points, 1.31%)
BSE100-> 5631.55 (72.77 points, 1.31%).
BSE500-> 4185.15 (58.80 points, 1.42%).
BSEPSU-> 5227.14 (67.83 points, 1.31%).
BSEMIDCAP>4497.74 (87.58 points, 1.99%).
BSESMLCAP-> 5387.20 (87.99 points, 1.66%).
BSEBANKEX-> 5056.99 (41.91 points, 0.84%).
CNX Midcap 100-> 4034.65 (69.30 points).

sgokulprathap

9th August 2006, 04:21 PM

SENSEX:
Day's High: 11187.65.
Day's Low: 10943.83.

sgokulprathap

9th August 2006, 04:34 PM

Highest close for Sensex, Nifty since May 18

The markets closed second time above some important levels which they were struggling with a couple of days back. The Asian markets showed significant recovery during the day with the pause in interest rate hike by the FOMC.

It was a good closing today for the second day running and the highest close for Sensex, Nifty since May 18 supported by extremely positive breadth and the volumes picking up. Not only the frontliners participated but even the midcaps were roaring.

The Sensex closed with gains of 130.21 points or 1.2% at 11,145.18. The Nifty gained 42 points to close at 3255.

The BSE Small Cap Index closed at 5,387.20 up 88 points or 1.66%.

The BSE Midcap Index ended at 4,497.74, up 88 points or 2%.

The rally was seen in indices across sectors. All the BSE sectoral indices closed in the green. Consumer Durables, FMCG and metal stocks led the rally followed by capital goods and auto stocks.

The BSE Consumer Durables Index gained 3.7% at 2,860.40.

The BSE FMCG Index was up 2.2% at 1,934.67. Shaw Wallace, Britannia, ITC, Tata Tea and Nirma closed in green.

The BSE Metal Index advanced by 2.05% at 8,055.31. Jindal Steel, Sesa Goa, NALCO, SAIL and Hindalco witnessed buying interest.

The BSE Auto Index added 1.9% at 4,689.03. MRF, Tube Investment, Tata Motors, Apollo Tyres and M&M closed in positive terrain.

The BSE Capital Goods Index was up 1.8% at 7,402.25. Gammon India, Alstom Projects, Carborundum, Praj Industries and KEC Infrastructure closed higher.

The BSE IT Index was up by 1.4% at 4,072.99 moved up. Satyam, HCL Tech, Moser Baer and TCS jumped

The BSE Health Care Index was up by 1.3% at 3,341.27. Aventis Pharma, Divis Labs, Orchid Chemical, GlaxoSmithKline and Wockhardt were among the major gainers.

The BSE Oil and Gas Index rose 1% at 5,097.81. HPCL, Chennai Petro, ONGC, BPCL and Reliance advanced higher.

The BSE Bankex was up 0.8% at 5,056.99. Bank of India, Centurion BoP, Union Bank, SBI and Oriental Bank were among the gainers.

The NSE cash turnover was at Rs 6288.96 crore and the NSE F&O turnover was at Rs 22387.41 crore. The BSE cash turnover was Rs 2889.41 crore. Total market wide turnover was at Rs 31565.78 crore.

sgokulprathap

12th August 2006, 09:16 AM

August 11, 2006.

SENSEX-> 11192.46 (43.29 points, 0.39%).
NIFTY-> 3274.35 (14.25 points, 0.44%).
BSE100-> 5682.69 (28.61 points, 0.51%).
BSE500-> 4242.39 (28.88 points, 0.69%).
BSEPSU-> 5271.37 (32.37 points, 0.62%).
BSEMIDCAP-> 4617.42 (56.64 points, 1.24%).
BSESMLCAP-> 5596.61 (109.43 points, 1.99%).
BSEBANKEX-> 5048.42 (54.95 points, 1.08%).
BSEFMCG-> 1918.48 (6.49 points).

sgokulprathap

12th August 2006, 09:18 AM

Aug 11, 2006.

SENSEX:
Day's High: 11241.11.
Day's Low: 11069.25.

sgokulprathap

14th August 2006, 06:18 PM

August 14, 2006. Another good day for markets. Bank index ended in RED.

SENSEX-> 11312.99 (120.53 points, 1.08%).
NIFTY-> 3313.10 (38.75 points, 1.18%).
BSE100-> 5744.63 (61.94 points, 1.09%).
BSE500-> 4297.43 (55.04 points, 1.30%).
BSEPSU-> 5360.54 (89.17 points, 1.69%).
BSEMIDCAP-> 4723.34 (105.92 points, 2.29%).
BSESMLCAP-> 5701.06 (104.45 points, 1.87%).
BSEBANKEX-> 5,044.89 (3.53 points, 0.07%).

sgokulprathap

14th August 2006, 06:19 PM

SENSEX:
Days' High: 11330.30.
Day's Low: 11221.86.

sgokulprathap

14th August 2006, 06:22 PM

August 14, 2006.
Markets celebrate I-Day: Nifty above 3300 level

The markets celebrated Independence Day and closed strong near its day's high backed by buying seen in oil & gas, auto and FMCG stocks. The midcap and the smallcaps continued their northbound journey.

The Sensex closed at 11,312.99 up 121 points. The Nifty gained 39 points to close at 3313.

The BSE Small Cap Index closed at 5,701.06 up 104 points or 1.8%.

The BSE Midcap Index ended at 4,723.34 up 106 points or 2.3%.

Most of the BSE sectoral indices closed in the positive terrain.

The BSE Oil and Gas Index gained 1.98% at 5,307.64. MRPL, BPCL, Kochi Refinery, IOC and HPCL closed higher.

The BSE Auto Index gained 1.74% at 4,795.03. Sundaram-Clayto, Hind Motors, Bajaj Auto and MRF were among the top gainers.

The BSE FMCG Index was up 1.72% at 1,951.46. Nestle, McDowell, Colgate, HLL and ITC closed in green.

The BSE Health Care Index was up by 1.38% at 3,429.33. Biocon, Cipla, Wyeth, GlaxoSmithKline and Lupin closed higher.

The BSE Metal Index advanced by 1.12% at 8,254.86. Welspun Guj, Hind Zinc, JindalStainless, Jindal Saw and Sesa Goa witnessed buying interest.

The BSE IT Index was up by 0.95% at 4,178.77. Hexaware Tech, I-Flex Solution, Satyam, Moser Baer, Mphasis BFL and Wipro jumped.

The BSE Capital Goods Index was up 0.65% at 7,534.33. HEG, Thermax, Gammon India, Alstom Projects, Praj Industries and KEC Infrastructure closed higher.

The BSE Consumer Durables Index gained 0.48% at 2,979.94. Samtel Color, Su-Raj Diamonds, BPL and Blue Star were among gainers.

The BSE Bankex closed flat at 5,044.89. SBI, PNB and OBC moved upwards.

The NSE cash turnover was at Rs 5322.69 crore and the NSE F&O turnover was at Rs 15632.39 crore. The BSE cash turnover was Rs 2836.81 crore. Total market wide turnover was at Rs 23791.89 crore.

sgokulprathap

14th August 2006, 06:25 PM

Aug 14, 2006
Markets Today:

:arrow: Markets continue to gain on fund buying
:arrow: Sensex up 1.08% or 120.53 points at 11312.99
:arrow: Nifty up 1.18% or 38.75 points at 3313.10
:arrow: BSE Oil & Gas Index up 1.98%
:arrow: BPCL up 6.8%
:arrow: IOC up 6.12%
:arrow: RIL up 1.78%
:arrow: BSE Auto Index up 1.74%
:arrow: Bajaj Auto up 5%
:arrow: Hind Motors up 6%
:arrow: BSE FMCG Index up 1.72%
:arrow: HLL, ITC trade firm
:arrow: CNX Midcap Index up 1.58% led by real estate stocks
:arrow: Mahindra Gesco up 20%
:arrow: Bombay Dyeing up 12.57%
:arrow: BSE Small Cap Index up 1.87% at 5701
:arrow: Datamatic Tech up 13.84%
:arrow: Visual Soft up 10%
:arrow: NSE Advance Decline ratio at 7:2
:arrow: Total market turnover at Rs 23791.89 cr ahead of national holiday

sgokulprathap

17th August 2006, 05:30 PM

Aug 17, 2006.

Sensex closed at 11,477.48 up 29 points. The Nifty closed flat at 3354 down 2 points.

The BSE Small Cap Index closed at 5,727.42 down 74 points or 1.27%.

The BSE Midcap Index ended at 4,738.78, down 43 points or 0.89%.

The BSE sectoral indices closed mixed.

The BSE Metal Index lost 2.12% at 8,199.62. Hind Zinc, Jindal Saw, Tata Steel and Welspun Guj witnessed selling pressure.

The BSE Bankex was down 0.3% at 5,158.09. IOB, Andhra Bank, PNB, Oriental Bank and Bank of India moved downwards.

The BSE IT Index closed flat at 4,193.29. Moser Baer, HCL Tech, Satyam and Infosys closed in green

The BSE Health Care Index was up by 0.5% at 3,481.00. Glenmark, Lupin, Divis Labs, Cadila Health and Dr Reddys Labs moved up.

The BSE Capital Goods Index was up 0.6% at 7,741.90. Ingersoll Rand, Siemens, ABB and BHEL closed higher.

The BSE FMCG Index was up 0.5% at 1,983.15. HLL, Dabur India and ITC closed in positive terrain.

The BSE Auto Index gained 0.7% at 4,874.05. Ashok Leyland, Bharat Forge, Tata Motors, M&M advanced on the bourses

The BSE Oil and Gas Index gained 0.22% at 5,444.07. Kochi Refineries, Reliance and BPCL closed in positive terrain.

The NSE cash turnover was at Rs 7142.98 crore and the NSE F&O turnover was at Rs 24160.01 crore. The BSE cash turnover was Rs 3842.61 crore. Total market wide turnover was at Rs 35145.6 crore.

sgokulprathap

17th August 2006, 05:35 PM

Markets Today:

Markets end almost flat amid volatile session
:arrow: Sensex up 29.17 points at 11477.48;
:arrow: Nifty down 2.15 points at 3353.90
:arrow: BSE Metal Index down 2.12%
:arrow: Baosteel may cut factory prices by 5% in Q4
:arrow: Hind Zinc down 4%
:arrow: Tata Steel down 2.72%
:arrow: Hindalco down 2.57%
:arrow: BSE Bank Index down 0.26%
:arrow: ICAI ro review AS-15 norms
:arrow: IOB down 2.86%
:arrow: Andhra Bank down 2.68%
:arrow: PNB down 2.4%
:arrow: BSE Oil & Gas Index up 0.22%
:arrow: RIL up 1.95%
:arrow: BSE Healthcare Index up 0.50%
:arrow: Dr Reddy up 2.5%
:arrow: CNX Midcap Index ends marginaly down
pharma stocks hold firm
:arrow: Glenmark Pharma up 7.6%; Lupin up 5.14%
:arrow: BSE Small Cap under performs major indices; down 1.27%;
sugar stocks end down
:arrow: Dharani Sugar down 6.15%
:arrow: Shakti Sugar down 5.7%
:arrow: KM Sugar down 5.3%
:arrow: NSE Advance Decline ratio at 2:5
:arrow: Total market turnover at Rs 35145.6 cr Vs Rs Rs 30,947.88 cr on Wednesday

sgokulprathap

18th August 2006, 04:05 PM

August 18, 2006. Markets flat.

SENSEX-> 11465.72 (11.76 points, 0.10%).
NIFTY-> 3356.75 (2.85 points, 0.08%).

BSEMIDCAP-> 4770.31 (31.53 points, 0.67%).
BSESMLCAP-> 5766.64 (39.22 points, 0.68%).

sgokulprathap

18th August 2006, 04:08 PM

SENSEX:
Day's High: 11508.17.
Day's Low: 11409.11.

24th August 2006, 09:32 AM

How is the PrulICICI Dynamic Plan(Mutual Fund) as a source for Invsesting some amount?They invest in equity markets ....Any tips :idea: for a relatively new comer?

sgokulprathap

25th August 2006, 10:13 AM

RP, r u goin to invest a bulk amount at one time or r u plannin to invest thru SIP?
And do u luk for short-term gains? or wil u stay fr long-term?

Generally its better to stay invested in MFs fr a long-term.

sgokulprathap

25th August 2006, 10:23 AM

The fund u mentioned hav been performing well. But the risk grade fr d fund is very high. It is not advisable fr a new investor to invest in such fund.

U may consider these funds.
:arrow: Sundaram BNP Paribas Select Midcap
:arrow: Magnum Contra
:arrow: Magnum Global
:arrow: Reliance Growth
:arrow: Reliance Vision

sgokulprathap

1st September 2006, 06:04 PM

Sep 1, 2006.
SENSEX-> 11778.02 (78.97 points, 0.68%).
NIFTY-> 3435.45 (21.55 points, 0.63%).
BSEMIDCAP-> 4846.21 (48.14 points, 1.00%).
CNX MIDCAP100-> 4352.40 (45.25 points).

SENSEX:
Day's high: 11795.02.
Day's low: 11666.01.

sgokulprathap

4th September 2006, 04:03 PM

Sep 4, 2006.
SENSEX-> 11914.21 (136.19 points, 1.16%)
NIFTY-> 3476.85 (41.40 points, 1.21%)
BSEMIDCAP-> 4939.72 (93.51 points, 1.93%)
CNX MIDCAP100-> 4407.40 (55.00 points, 1.25%)

SENSEX:
Day's high: 11939.96
Day's low: 11824.49

sgokulprathap

8th September 2006, 04:24 PM

Sep 8, 2006.
SENSEX-> 11918.65 (64.80 points, 0.55%)
NIFTY-> 3471.45 (16.90 points, 0.17%)
BSEMIDCAP-> 5041.35 (55.28 points, 1.11%)
BSESMLCAP-> 6031.23 (79.44 points, 1.33%)
CNX MIDCAP100-> 4504.60 (58.80 points)

SENSEX:
Day's high: 11940.58
Day's low: 11825.22

sgokulprathap

14th September 2006, 04:05 PM

Sep 14, 2006.
SENSEX-> 11973.02 (79.23 points, 0.67%)
NIFTY-> 3471.60 (17.05 points, 0.49%)

SENSEX:
Day's High: 12002.94
Day's low: 11892.24

sgokulprathap

15th September 2006, 05:11 PM

Sep 15, 2006.
Sensex closes above 12000 for 1st time since May 17.
SENSEX-> 12009.59 (36.57 points, 0.31%)
NIFTY-> 3478.60 (7.00 points, 0.20%)

SENSEX:
Day's High: 12041.70
Day's low: 11847.61

sgokulprathap

15th September 2006, 05:13 PM

Markets this week:

:arrow: Sensex up 0.8% at 12010, Nifty up 0.2% at 3479 points
:arrow: CNX Midcap Index up 0.4%; BSE Small Cap Index down 0.8%
:arrow: BSE Bank Index up 5.2%; ICICI Bank up 7%, SBI up 4%; OBC up 9%
:arrow: BSE IT Index up 1.3%; Satyam up 4%, TCS up 1%, Infosys up 1%
:arrow: BSE Metal Index down 4.7%; Hindalco down 8%, Tata Steel, Nalco down 4%
:arrow: Index Gainers: Zee up 10%, Jet Airways up 7%
:arrow: Midcap Gainers: Indiabulls up 25%, UBI, Vijaya Bank up over 9%
:arrow: Small Cap Gainers: Orient Paper up 18%, UWB up 18%, ITI up 16%

sgokulprathap

15th September 2006, 05:13 PM

F&O UPDATE

:arrow: Turnover at Rs 23045.57 cr
:arrow: Nifty Fut discount at 4 pts
:arrow: Top Traded:Ashok Leyland;Escorts,HPCL,BPCL,NDTV
:arrow: Nifty adds 14 lakh shares in OI
:arrow: Ashok Ley adds 17 lakh shares in OI
:arrow: Guj Amb adds 9 lakh shares in OI
:arrow: Hindalco adds 4 lakh shares in OI
:arrow: India Cement adds 2 lakh share in OI
:arrow: ITC adds 8 lakh shares in OI
:arrow: L&T adds 9 lakh shares in OI
:arrow: Century textile adds 3 lakh shares in OI
:arrow: BPCL adds 4 lakh shares in OI
:arrow: Escorts adds 6 lakh shares in OI

Surya

6th December 2006, 12:07 AM

http://news.bbc.co.uk/2/hi/business/6208740.stm

:shock: :clap: :thumbsup:

great

7th March 2007, 09:20 PM

Market is crashing continously today it touched 12579.75 down by 117 points. Rumours are floating around that Market will touch 11000 :shock:

great

2nd April 2007, 10:18 PM

Market crashed 616 point today :redjump: :bluejump: Due to increase of CRR to 6.50%

dev

2nd April 2007, 10:32 PM

If inflation doesn't come into control, the rate hike will continue. IMO, 1 or 2 more such hikes are inevitable. The govt is trying to control inflation at the cost of economic growth. But I don't see any other alternative to control inflation without causing economic slowdown, So can't blame them.

According to Vivek Patil, if the markets tests 12315 levels, there r chances of the market going into a long term bear phase... For the kind of negative sentiments in the market, it looks like the level may well be tested even this week. Keeping my fingers crossed & trying to control my temptation to buy into some stocks which seem to be at great value buys :)

http://content.icicidirect.com/ULFiles/UploadFile_200742104821.asp

great

3rd April 2007, 10:11 PM

Market gained 169 points . Those who are making Systematic Investment Plan first week of the month they would be lucky enough as they would be getting more units 8-)

dev

12th July 2007, 09:12 AM

All you want to know about futures and options

http://www.rediff.com/money/2007/jul/10fo.htm

sgokulprathap

12th July 2007, 10:04 AM

Sensex above 15000 level again. :2thumbsup:

sgokulprathap

19th July 2007, 04:15 PM

July 19, 2007
Markets at alltime high. :2thumbsup: :clap: :redjump: :bluejump:

Sensex - 15550.13 (Intraday high: 15593.31) up by 248.96 points or 1.63%.
BSEMIDCAP rose by 0.76%,
SMLCAP by 0.91%,
BSE100 by 1.35%,
BSE200 by 1.30%,
BSE500 by 1.24%

Only BSE CD (down 0.05%) and BSEREALTY (down 0.29%) index ended marginally lower.

Nifty - 4562.10 (Intraday high: 4573) up by 1.39%.

sgokulprathap

20th July 2007, 12:34 PM

Sensex again at record high. Above 15650. :bluejump: :redjump:

sgokulprathap

24th July 2007, 10:23 AM

Sensex above 15800. :redjump: :bluejump:
எங்கே செல்லும் இந்த பாதை? :roll:

great

25th July 2007, 10:46 AM

Sensex above 15800. :redjump: :bluejump:
எங்கே செல்லும் இந்த பாதை? :roll:

Correction :lol:

dev

25th July 2007, 12:49 PM

Sensex above 15800. :redjump: :bluejump:
எங்கே செல்லும் இந்த பாதை? :roll:

Correction :lol:

:lol: seekiram varattum... adhai ethir paarthu thaane kaathittu irukken... :D

sgokulprathap

25th July 2007, 01:01 PM

Sensex below 15650. But dis doesnt seems to b correction.
Chinna speed-breaker. Avvalavuthan.
Aftr Sensex ending on positive note for 5 consecutive days, dis is well expected.

sgokulprathap

27th July 2007, 10:14 AM

:shock: Sensex down almost 400 points in opening trade. Sensex now at 15400 levels.

sgokulprathap

27th July 2007, 11:27 AM

Bears Rule:
Sensex below 15350.
Almost all indices down by over 2.50%.
Realty index down by 4.35%.
Metals index down by 4.08%.

sgokulprathap

27th July 2007, 12:03 PM

Bears tuk complete control.
Sensex down by over 500 points and is below 15250.
Nifty down by over 3.5% and is below 4450.
Realty index down by over 5.50%.

sgokulprathap

27th July 2007, 12:11 PM

Global markets also under bear's control.
At 12:00:00 hrs IST.
NYSE Composite index down by 2.78%.
NASDAQ Composite down by 1.84%.
DOw Jones I.A. down by 2.26%.
S&P 500 down by 2.33%.
Nikkei 225 down by 2.36%.

sgokulprathap

27th July 2007, 12:22 PM

Sensex below 15200. :shock:
எங்கே செல்லும் இந்த பாதை? :roll:

sgokulprathap

27th July 2007, 12:26 PM

sgokulprathap

27th July 2007, 02:30 PM

With all the indices down by over 2% ,

FMCG index is now up by 1%.

sgokulprathap

27th July 2007, 04:06 PM

Disastrous weekend for the markets.
July 27, 2007
Sensex down by 3.43% - 15243.57.
Nifty down by 3.78% - 4445.20.
Realty down by 5.25%.
PSU down by 4.04%.
All the indices ended in red.

dev

27th July 2007, 04:57 PM

Correction :lol:
:lol: seekiram varattum... adhai ethir paarthu thaane kaathittu irukken... :D
Dev, R u happy now? :wink:

Balaji, Dev do u think dis crash wil continue for more days or will the markets make a comeback by next week itself?

:)

Sentiments r sooo negative... Have a feeling it might continue for a few more days...FII activityum konjam paarkkanum... they have been pumping-in lotsa money into the mkt in the last few weeks...

sgokulprathap

28th July 2007, 04:26 PM

[tscii:febe4a70a5]Why Friday’s 540-pt fall won’t hurt much

It’s getting increasingly difficult to write definitive stories on markets in a flat world of 24x7 trading activity. Amid fears of a collapse in its housing market — an important, market moving financial indicator — the US market fell yesterday, leading to a contagion fall across the world. India followed too, with the Sensex falling 542 points or 3.4 per cent to close at 15,235.

But even as analysts were rolling their sleeves to buy some bargain basement stocks — Reliance Capital, Tata Steel, Canara Bank and HDFC — the US market got its aspirin in the form of its second quarter GDP numbers that rose to a healthy 3.4 per cent, the highest in the past 12 months.

And now, it seems that aspirin is having its effect on the rest of the world as well. Of the 45 indices in north and South America and Europe, 25 had turned positive, 17 were down marginally and three remained unchanged. But these are moving statistics and by the end of their trading sessions, chances are that most would be out of the red.

Why is America so important for the rest of the world? Because even as its share falls, the country remains the biggest engine of world growth and a fall in its real economy (GDP numbers), means among many other things, that its citizens are consuming less. Which in turn means producer countries like India and China get to sell less. Which finally means lower profits expectations. The end result: a fall in the indices.

At 542 points, this fall is the fifth largest in absolute numbers, after May 18 last year. But what many of us need to realise is that this is not April 1992, when, on a Sensex of 4,467, an almost equivalent fall translated into a 12.8 percent drop.

This is 2007 and the index is well over 15,000 and the drop is just 3.4 percent - this sort of a single-day fall is nothing to yawn at but it’s nothing to fear either. An increasingly mature market like India’s should be able to take it in stride.

So on Monday, if global factors are neutralised, expect the market to rise. But whether they will sustain will be decided by YV Reddy, governor, Reserve Bank of India the next day when he announces the first quarter review of annual policy statement 2007-08. If he raises interest rates again, markets may be subdued, if he leaves it unchanged (as experts expect him to) the rise should sustain, and if he lowers them (extremely unlikely for now), markets will zoom. [/tscii:febe4a70a5]

sgokulprathap

1st August 2007, 01:35 PM

Sensex below 15000 mark. :roll:

dev

1st August 2007, 02:08 PM

Sensex below 15000 mark. :roll:

:lol:

sgokulprathap

1st August 2007, 03:06 PM

Yesterday when Reddy raised CRR by 0.5%, evry1 thot market wud crash. But aftr a short fall market ended on a very positive note yesterday.
But today, as experts (lik PC) wud say 'fall in global markets lead to fall in Indian markets.'
Sensexla idhellam saadharanampa. :lol:

sgokulprathap

1st August 2007, 04:00 PM

August 1, 2007

Sensex ends at 14935.77 (down 3.96%)
Nifty ends at 4345.85 (down 4.04%)
Realty index fall by 6.60%.
All major indices fall by over 3.50%.

dev

8th August 2007, 11:41 AM

Govt tightens ECB norms
http://www.ndtvprofit.com/homepage/storybusinessnew.asp?id=39922&template=&cache=8/8/2007%2010:45:27%20AM

Rupee has reacted sharply and has depreciated on account of tightening of ECB norms by the government which is expected to put check the foreign currency inflows. Rupee is trading at Rs 40.59 versus US dollar.

sgokulprathap

11th August 2007, 12:55 PM

Dev, cn u post tat article.
NDTV site is blockd here.

dev

11th August 2007, 02:24 PM

Govt tightens ECB norms
Press Trust of India

Wednesday, August 8, 2007 (New Delhi):

The Government has tightened the norms for companies to borrow from overseas to check the rise in rupee value against other currencies by managing the flow of foreign funds into the country.

As per the changes, a company raising $20 million of External Commercial Borrowings (ECBs) would have to seek prior permission of RBI to remit such funds into India. The changes are with immediate effect.

"Henceforth, ECB (of) more than $20 million per borrowing company would be permitted only for foreign currency expenditure for permissible end-uses of ECB," it said.

Accordingly, companies raising ECBs of more than $20 million would have to park the proceeds overseas for use as foreign currency expenditure. This modification is applicable under both automatic and approval routes.

"The move would help the rupee to depreciate in the range of 40.50 to 40.70 against the dollar in medium term," said Abheek Barua, Chief Economist of HDFC Bank.

Foreign funds

The rupee has risen to a nine-year high, appreciating nearly 14 per cent against the US dollar since August 2006. This has been largely due to massive inflow of foreign funds as debt and equity.

The statement said a company raising ECB of up to $20 million under automatic route in a year could not remit such funds.

Borrowers proposing to avail ECB up to $20 million for rupee expenditure would require prior approval of the RBI under the approval route.

great

31st August 2007, 08:53 PM

Dev, Which sector you are currently tracking?

sgokulprathap

4th September 2007, 04:58 PM

Indians parking more money in Bank Deposits, MFs (http://www.moneycontrol.com/india/news/mutual-funds/indians-parking-more-money-bank-depositsmfs/16/40/301064)
According to the Reserve Bank of India's (RBI) latest annual report, during 2006-07, the Indian economy exhibited acceleration in growth, led by manufacturing and services sector activities. The sustained high growth since 2003-04 has been supported by increase in domestic savings and investment. But there has also been a structural shift in savings pattern. Mutual funds are preferred over equities. Bank deposits are attracting more interest than small savings schemes. Insurance schemes are increasing their share in long-term savings over provident and pension funds.

Indians are now investing more of their money in bank deposits and mutual funds. According to the data, bank deposits formed 36.5% of the total financial saving of the household sector in 2004-05, which has now increased to 55.6%. This marks a reversal in trend from the nineties, when bank deposits began losing share to debentures and small savings schemes. Also Mutual Funds have seen a four fold increase, rising from just 0.4% in 2004-05 to 4.8% in 2006-07.

The loyalty towards bank deposits can be attributed partly to the high returns offered by deposit-starved banks. Some banks were offering returns of up to 10%, for a period of one year. Also with the pace at which India is growing, the demand for credit has been really strong and the loan requirements are also rising steadily. This forced banks to raise deposit rates to attract more funds.

The central bank also has signalled higher rates to control inflation. As a result, bank deposits have become attractive and the savings that were earlier parked in government-administered small savings schemes have now started shifting to banks.

Though the equity markets have been on a dream run, the equity investments have not seen any substantial rise. On the other hand mutual funds seem to be the preference among Indians. A lot of it can also be ascribed to the fact that many mutual funds are structuring innovative schemes and for a variety of sectors which can satisfy all kinds of risk appetites.

sgokulprathap

4th September 2007, 05:03 PM

I think except IT and Auto sector, other sectors are doing well.
Half-yearly results may bring IT sector in the race again.

Balaji, r u tracking any sectors?

great

4th September 2007, 08:00 PM

SGP, I am not a tracking any sector as such. But I am tracking few companies.IT is flat for the past few months . Talking about MF , few MF`s are doing Phenomenally well like
1. HDFC Sensex fund , the portfolio of this fund is extremly good.
2. Relaince diversified power ... Extremly good
3. Principal personal tax saver : I was :shock: to see their previous performance

dev

5th September 2007, 06:44 AM

Dev, Which sector you are currently tracking?

Sry for the late reply... ippo thaan unga Q-va paarthen... :oops:

En portfolio konjam diversified... have invested in sectors like s/w, telecom, media, consu.durables, textiles, automobiles,tyre,finance etc... So ellam konjam paarppen...:) :P

dev

7th September 2007, 02:15 PM

great, GP,

2 peril yaaravadhu icici-la trading account vechu irukeengala?...

great

7th September 2007, 09:34 PM

illa Dev, hdfcOda irruku. If you want any info , I can get . Few of my friends are using ICICI only

sgokulprathap

8th September 2007, 06:10 PM

great, GP,

2 peril yaaravadhu icici-la trading account vechu irukeengala?... sorry. naan share trading panradhilla. only mutual funds. am doin it with ILFS.

dev

10th September 2007, 07:23 AM

Thanks Great & Gokul... Onnum illai... I used to read elliot wave analysis by vivek patil every monday on ICICI website... Now they have made it accessible only to ICICI acc holders... adhu thaan neenga acc vechu irundhaal copy-paste ketkalaamnu paarthen... :D :oops:

great

10th September 2007, 08:31 PM

Thats not a problem . I can arrange for that :D

dev

11th September 2007, 06:05 AM

Thats not a problem . I can arrange for that :D

oh... thanks a lot, Great... :D :D :D I'm planning to open an acc with ICICI mainly to get access to these stuffs... maybe this dec when I come to India I'll do it...:)

dev

11th September 2007, 04:04 PM

Thanks a lot, Balaji... very kind of you...:)

sgokulprathap

19th September 2007, 05:35 PM

Mkts celebrate Fed rate cut: Sensex closes above 16k
It was a phenomenal session for equity markets across the globe giving some blow out moves. Markets saw an emphatic breakout celebrating the rate cut of 50 bps in the discount rate by the Fed chief Ben Bernanke. This rate cut comes after four years on account of recession concerns in the US. During the last four years there have been 17 consecutive rate hikes and yesterday we saw a rate cut of 50 bps. Analysts are seeing this as positive and a bold move by the Fed in order to take charge of the slowdown in US.

It was a historic session for Sensex, which was up 4% or 600 points breaching 16,000 and staying well above outperforming most of the Asian peers. It was the biggest single day points gain for Sensex. The euphoria was wide spread in scrips across sectors. Sugar was the story of the day. After a long time sugar rallied with some of sugar stocks locked in upper circuit on sops being given to sugar companies.

Rate sensitive were also among the star performers whether it was banking, property or auto.

:arrow: Banking & financial stocks like HDFC and HDFC Bank saw big moves and were up 8% followed by ICICI Bank and SBI. Giving them company from the realty space were DLF, Unitech, HDIL.

:arrow: Stocks like SBI, SAIL, Reliance, RPL, HDFC, BHEL and Tata Steel hit their life time highs. Reliance market cap hit Rs 3 lakh crore.

:arrow: Sensex was up 653.63 points or 4.17% at 16322.75, and the Nifty up 186.15 points or 4.09% at 4732.35.

:arrow: About 1643 shares have advanced, 1301 shares declined, and 86 shares are unchanged.

:arrow: The BSE Midcap Index ended at 7,116.61 up 132 points or 1.9%.

:arrow: The BSE Smallcap Index ended at 8,871.00 up 90 points or 1%.

:arrow: The BSE Capital Goods Index was closed at 14,112.99 up 2%. Triveni Engg, Praj Industries, Lakshmi Machine, Reliance Infra, Carborundum, Bharat Bijlee, Thermax closed higher.

:arrow: The BSE Auto Index closed closed at 5,094.31 up 3.5%. Maruti Udyog, Bajaj Auto, Mah and Mah, Hero Honda, Tata Motors ended in the green.

:arrow: The BSE Metal Index closed at 12,546.34 up 4%. SAIL, Sterlite Ind, Tata Steel, Hindalco, JSW Steel, Hind Zinc
advanced.

:arrow: The BSE FMCG Index gained 2% at 2,140.91. ITC, HUL, Britannia, Marico, Colgate, Tata Tea ended higher.

:arrow: BSE Oil and Gas Index closed at 8,924.11 up 5%. Reliance Petro, Reliance Natura, GAIL, Reliance closed in green.

:arrow: The BSE IT Index closed at 4,491.21 up 2.4%. Infosys, Tech Mahindra, Mphasis, I-Flex Solution, HCL Tech, Satyam, Patni Computer closed higher.

:arrow: The BSE Bankex was up 5% at 8,691.45. HDFC Bank, Bank of Baroda, ICICI Bank, PNB, SBI closed higher.

:arrow: The NSE cash turnover was at Rs 16470.54 crore and the NSE F&O turnover was at Rs 68643.65 crore. The BSE cash turnover was Rs 7455.94 crore. Total market wide turnover was at Rs 92570.13 crore.

sgokulprathap

19th September 2007, 05:50 PM

SENSEX: ROAD TO 16 K

9-10K: 49 days
10-11K: 30 days
11-12K: 20 days
12-13K: 136 days
13-14K: 27 days
14-15K: 144 days
15-16: 53 days

sgokulprathap

19th September 2007, 05:53 PM

SENSEX CHRONOLOGY

:arrow: 16, 000 - Sep 19, 2007
:arrow: 15,000 - July 6, 07: 15000
:arrow: 14,000 - Dec 5, 2006
:arrow: 13,000 - Oct 30, 2006
:arrow: 12,000 - Apr 20, 2006
:arrow: 11,000 - Mar 21, 2006
:arrow: 10,000 - Feb 6, 2006
:arrow: 9,000 - Nov 28, 2005
:arrow: 8,000 - Sep 8, 2005
:arrow: 7,000 - June 20t, 2005
:arrow: 6,000 - Feb 11, 2000
:arrow: 5,000 - Oct 8, 1999

dev

19th September 2007, 09:59 PM

IMO, Indian markets have over-reacted to fed rate cut ...:)

sgokulprathap

22nd September 2007, 12:50 PM

Wish Fed do dis frequently.
then Indian stock mkt la few thousands invest pannavanga kooda crorepati aayidalam. :lol:

sgokulprathap

26th September 2007, 05:01 PM

The Sensex story: From 1000 to 17,000!

September 26, 2007

Indian markets achieved yet another milestone on Wednesday; it opened positive and within seconds, hit a new high. The 30-share index took just 5 days to reach 17,000 from 16,000.

Following is the timeline on the rise and rise of the Sensex through Indian stock market history.

1000, July 25, 1990

On July 25, 1990, the Sensex touched the magical four-digit figure for the first time and closed at 1,001 in the wake of a good monsoon and excellent corporate results.

2000, January 15, 1992

On January 15, 1992, the Sensex crossed the 2,000-mark and closed at 2,020 followed by the liberal economic policy initiatives undertaken by the then finance minister and current Prime Minister Dr Manmohan Singh.

3000, February 29, 1992

On February 29, 1992, the Sensex surged past the 3000 mark in the wake of the market-friendly Budget announced by the then Finance Minister, Dr Manmohan Singh.

4000, March 30, 1992

On March 30, 1992, the Sensex crossed the 4,000-mark and closed at 4,091 on the expectations of a liberal export-import policy. It was then that the Harshad Mehta scam hit the markets and Sensex witnessed unabated selling.

5000, October 8, 1999

On October 8, 1999, the Sensex crossed the 5,000-mark as the BJP-led coalition won the majority in the 13th Lok Sabha election.

6000, February 11, 2000

On February 11, 2000, the infotech boom helped the Sensex to cross the 6,000-mark and hit and all time high of 6,006.

7000, June 20, 2005

On June 20, 2005, the news of the settlement between the Ambani brothers boosted investor sentiments and the scrips of RIL [Get Quote] [Get Quote], Reliance Energy [Get Quote], Reliance Capital [Get Quote] [Get Quote] and IPCL [Get Quote] [Get Quote] made huge gains. This helped the Sensex crossed 7,000 points for the first time.

8000, September 8, 2005

On September 8, 2005, the Bombay Stock Exchange's benchmark 30-share index -- the Sensex -- crossed the 8000 level following brisk buying by foreign and domestic funds in early trading.

9000, November 28, 2005

The Sensex on November 28, 2005 crossed the magical figure of 9000 to touch 9000.32 points during mid-session at the Bombay Stock Exchange on the back of frantic buying spree by foreign institutional investors and well supported by local operators as well as retail investors.

10,000, February 6, 2006

The Sensex on February 6, 2006 touched 10,003 points during mid-session. The Sensex finally closed above the 10K-mark on February 7, 2006.

11,000, March 21, 2006

The Sensex on March 21, 2006 crossed the magical figure of 11,000 and touched a life-time peak of 11,001 points during mid-session at the Bombay Stock Exchange for the first time. However, it was on March 27, 2006 that the Sensex first closed at over 11,000 points.

12,000, April 20, 2006

The Sensex on April 20, 2006 crossed the 12,000-mark and closed at a peak of 12,040 points for the first time.

13,000, October 30, 2006

The Sensex on October 30, 2006 crossed the magical figure of 13,000 and closed at 13,024.26 points, up 117.45 points or 0.9%. It took 135 days for the Sensex to move from 12,000 to 13,000 and 123 days to move from 12,500 to 13,000.

14,000, December 5, 2006

The Sensex on December 5, 2006 crossed the 14,000-mark to touch 14,028 points. It took 36 days for the Sensex to move from 13,000 to the 14,000 mark.

15,000, July 6, 2007

The Sensex on July 6, 2007 crossed the magical figure of 15,000 to touch 15,005 points in afternoon trade. It took seven months for the Sensex to move from 14,000 to 15,000 points.

16,000, September 19, 2007

The Sensex scaled yet another milestone during early morning trade on September 19, 2007. Within minutes after trading began, the Sensex crossed 16,000, rising by 450 points from the previous close. The 30-share Bombay Stock Exchange's sensitive index took 53 days to reach 16,000 from 15,000. Nifty also touched a new high at 4659, up 113 points.

The Sensex finally ended with its biggest-ever single day gain of 654 points at 16,323. The NSE Nifty gained 186 points to close at 4,732.

17,000, September 26, 2007

The Sensex scaled yet another height during early morning trade on September 26, 2007. Within minutes after trading began, the Sensex crossed 17,000.

sgokulprathap

9th October 2007, 04:41 PM

SENSEX CHRONOLOGY
:arrow: 18000 - Oct 09, 2007
:arrow: 17000 - Sep 26, 2007
:arrow: 16000 - Sep 19, 2007
:arrow: 15000 - Jul 06, 2007
:arrow: 14000 - Dec 05, 2006
:arrow: 13000 - Oct 30, 2006
:arrow: 12000 - Apr 20, 2006
:arrow: 11000 - Mar 21, 2006
:arrow: 10000 - Feb 06, 2006
:arrow: 9000 - Nov 28, 2005
:arrow: 8000 - Sep 08, 2005
:arrow: 7000 - Jun 20, 2005
:arrow: 6000 - Feb 11, 2000
:arrow: 5000 - Oct 08, 1999
:arrow: 4000 - Mar 30, 1992
:arrow: 3000 - Feb 29, 1992
:arrow: 2000 - Jan 15, 1992
:arrow: 1000 - July 25, 1990

dev

9th October 2007, 05:29 PM

Ennavo ponga, GP... :x

sgokulprathap

13th October 2007, 05:34 PM

IMO, Indian markets have over-reacted to fed rate cut ...:) u hv said dis wen mkt crossd 16k. mkts now?

sgokulprathap

13th October 2007, 05:35 PM

Ennavo ponga, GP... :xWit possibility of mid-term polls almost ruld out, seems no real threat fr Indian mkts now? smal corrections lik d one on friday may b seen. Otherwise nothing cud control d bull.
Stil waitin fr correction? :roll:

sgokulprathap

30th October 2007, 10:04 AM

Oct 29, 2007

Mukesh becomes world's richest

Billionaire Mukesh Ambani on Monday became the richest person in the world, surpassing American software czar Bill Gates, Mexican business tycoon Carlos Slim Helu and famous investment guru Warren Buffett, courtesy the bull run in the stock market.

Following a strong share price rally today in his three group companies -- India's most valued firm Reliance Industries, Reliance Petroleum and Reliance Industrial Infrastructure Ltd -- the net worth of Mukesh Ambani rose to 63.2 billion dollars (Rs 2,49,108 crore).

In comparison, the net worth of both Gates and Slim is estimated to be slightly lower at around 62.29 billion dollars each, with Slim leading among the two by a narrow margin.

Warren Buffett, earlier the third richest in the world, also dropped one position with a net worth of about 56 billion dollars.

Ambani's wealth of about Rs 2,49,000 crore includes about Rs 2,10,000 crore from RIL (50.98 per cent stake), Rs 37,500 crore from RPL (37.5 per cent) and Rs 2,100 crore from RIIL (46.23 per cent).

Slim's wealth has been calculated on the basis of his stake in companies like America Movil (30 per cent), Carso Global (82 per cent), Grupo Carso (75 per cent), Inbursa (67 per cent), IDEAL (30 per cent) and Saks Inc (10 per cent).
According to information available with the US and Mexican stock exchanges where these companies are listed, Slim currently holds shares worth a total of USD 62.2993 billion, with more than half coming from Latin American mobile major America Movil. Slim is closely followed by Gates with a net worth of 62.29 billion dollars currently.

sgokulprathap

30th October 2007, 10:11 AM

SENSEX CHRONOLOGY
:arrow: 20000 - Oct 29, 2007
:arrow: 19000 - Oct 15, 2007
:arrow: 18000 - Oct 09, 2007
:arrow: 17000 - Sep 26, 2007
:arrow: 16000 - Sep 19, 2007
:arrow: 15000 - Jul 06, 2007
:arrow: 14000 - Dec 05, 2006
:arrow: 13000 - Oct 30, 2006
:arrow: 12000 - Apr 20, 2006
:arrow: 11000 - Mar 21, 2006
:arrow: 10000 - Feb 06, 2006
:arrow: 9000 - Nov 28, 2005
:arrow: 8000 - Sep 08, 2005
:arrow: 7000 - Jun 20, 2005
:arrow: 6000 - Feb 11, 2000
:arrow: 5000 - Oct 08, 1999
:arrow: 4000 - Mar 30, 1992
:arrow: 3000 - Feb 29, 1992
:arrow: 2000 - Jan 15, 1992
:arrow: 1000 - July 25, 1990

sgokulprathap

30th October 2007, 10:14 AM

The Sensex story: From 1000 to 20000!

Following is the timeline on the rise and rise of the Sensex through Indian stock market history.

1000, July 25, 1990

On July 25, 1990, the Sensex touched the magical four-digit figure for the first time and closed at 1,001 in the wake of a good monsoon and excellent corporate results.

2000, January 15, 1992

On January 15, 1992, the Sensex crossed the 2,000-mark and closed at 2,020 followed by the liberal economic policy initiatives undertaken by the then finance minister and current Prime Minister Dr Manmohan Singh.

3000, February 29, 1992

On February 29, 1992, the Sensex surged past the 3000 mark in the wake of the market-friendly Budget announced by the then Finance Minister, Dr Manmohan Singh.

4000, March 30, 1992

On March 30, 1992, the Sensex crossed the 4,000-mark and closed at 4,091 on the expectations of a liberal export-import policy. It was then that the Harshad Mehta scam hit the markets and Sensex witnessed unabated selling.

5000, October 8, 1999

On October 8, 1999, the Sensex crossed the 5,000-mark as the BJP-led coalition won the majority in the 13th Lok Sabha election.

6000, February 11, 2000

On February 11, 2000, the infotech boom helped the Sensex to cross the 6,000-mark and hit and all time high of 6,006.

7000, June 20, 2005

On June 20, 2005, the news of the settlement between the Ambani brothers boosted investor sentiments and the scrips of RIL [Get Quote] [Get Quote], Reliance Energy [Get Quote], Reliance Capital [Get Quote] [Get Quote] and IPCL [Get Quote] [Get Quote] made huge gains. This helped the Sensex crossed 7,000 points for the first time.

8000, September 8, 2005

On September 8, 2005, the Bombay Stock Exchange's benchmark 30-share index -- the Sensex -- crossed the 8000 level following brisk buying by foreign and domestic funds in early trading.

9000, November 28, 2005

The Sensex on November 28, 2005 crossed the magical figure of 9000 to touch 9000.32 points during mid-session at the Bombay Stock Exchange on the back of frantic buying spree by foreign institutional investors and well supported by local operators as well as retail investors.

10000, February 6, 2006

The Sensex on February 6, 2006 touched 10,003 points during mid-session. The Sensex finally closed above the 10K-mark on February 7, 2006.

11000, March 21, 2006

The Sensex on March 21, 2006 crossed the magical figure of 11,000 and touched a life-time peak of 11,001 points during mid-session at the Bombay Stock Exchange for the first time. However, it was on March 27, 2006 that the Sensex first closed at over 11,000 points.

12000, April 20, 2006

The Sensex on April 20, 2006 crossed the 12,000-mark and closed at a peak of 12,040 points for the first time.

13000, October 30, 2006

The Sensex on October 30, 2006 crossed the magical figure of 13,000 and closed at 13,024.26 points, up 117.45 points or 0.9%. It took 135 days for the Sensex to move from 12,000 to 13,000 and 123 days to move from 12,500 to 13,000.

14000, December 5, 2006

The Sensex on December 5, 2006 crossed the 14,000-mark to touch 14,028 points. It took 36 days for the Sensex to move from 13,000 to the 14,000 mark.

15000, July 6, 2007

The Sensex on July 6, 2007 crossed the magical figure of 15,000 to touch 15,005 points in afternoon trade. It took seven months for the Sensex to move from 14,000 to 15,000 points.

16000, September 19, 2007

The Sensex scaled yet another milestone during early morning trade on September 19, 2007. Within minutes after trading began, the Sensex crossed 16,000, rising by 450 points from the previous close. The 30-share Bombay Stock Exchange's sensitive index took 53 days to reach 16,000 from 15,000. Nifty also touched a new high at 4659, up 113 points.

The Sensex finally ended with its biggest-ever single day gain of 654 points at 16,323. The NSE Nifty gained 186 points to close at 4,732.

17000, September 26, 2007

The Sensex scaled yet another height during early morning trade on September 26, 2007. Within minutes after trading began, the Sensex crossed 17,000.

18000, October 09, 2007

The BSE Sensex crossed the 18,000-mark on October 09, 2007. It took just 8 days to cross 18,000 points from the 17,000 mark. The index zoomed to a new all-time intra-day high of 18,327. It finally gained 789 points to close at an all-time high of 18,280. The market set several new records including the biggest single day gain of 789 points at close, as well as the largest intra-day gains of 993 points in absolute term backed by frenzied buying after the news of the UPA and Left meeting on October 22 put an end to the worries of an impending election.

19000, October 15, 2007

The Sensex crossed the 19,000-mark backed by revival of funds-based buying in blue chip stocks in metal, capital goods and refinery sectors. The index gained the last 1,000 points in just four trading days. The index touched a fresh all-time intra-day high of 19,096, and finally ended with a smart gain of 640 points at 19,059.The Nifty gained 242 points to close at 5,670.

20000, October 29, 2007

The Sensex crossed the 20,000 mark on the back of aggressive buying by funds ahead of the US Federal Reserve meeting. The index took only 10 trading days to gain 1,000 points after the index crossed the 19,000-mark on October 15. The major drivers of today's rally were index heavyweights Larsen and Toubro, Reliance Industries, ICICI Bank, HDFC Bank and SBI among others. The 30-share index spurted in the last five minutes of trade to fly-past the crucial level and scaled a new intra-day peak at 20,024.87 points before ending at its fresh closing high of 19,977.67, a gain of 734.50 points. The NSE Nifty rose to a record high 5,922.50 points before ending at 5,905.90, showing a hefty gain of 203.60 points.

sgokulprathap

1st November 2007, 10:12 AM

Nov 1, 2007
Fed rate cut excites bulls

All key indices up by over 1.5%.

Nifty crosses 6000 mark.

Capital Goods index above 20100, Sensex around 20050.

Capital goods index ahead of Sensex. :roll:

dev

1st November 2007, 10:29 AM

Nov 1, 2007
Fed rate cut excites bulls

All key indices up by over 1.5%.

Nifty crosses 6000 mark.

Capital Goods index above 20100, Sensex around 20050.

Capital goods index ahead of Sensex. :roll:

Fed rate-a cut panni mattum enna aaga pogudhu?... Namma Helicopter Ben note adichitte irundhaalum sari, fed ratea cut pannite irundhaalum sari US recessionku poga thaan pogudhu... :huh:

sgokulprathap

1st November 2007, 10:43 AM

Capital Goods index eyeing 21000.

Capital Goods index above 20900, up by over 1125 points. :shock:

dev

6th December 2007, 02:05 PM

IBLA awards 2007...

http://www.moneycontrol.com/india/news/business/mukesh-ambani-bharti-airtel-win-ibla07-award/13/46/316156

chevy

6th December 2007, 09:22 PM

[tscii:5e9c9b568b] Constructions and Cement companies seem to be doing well at the moment..

Here are the highlights from the report of the much talked about Marg Constructions
---------------------------------------------------------------------------
Marg Constructions
Rs420
Value unlocking

Reason for report: Company update

We are upgrading our price target for Marg Constructions 103% to Rs780/share
from Rs385/share based on recent positive developments in the company’s port
and real estate segments. T

his includes final notification for establishment of
special economic zones (SEZ), acquisition of 500acres land near the
Seekinakuppam SEZ and revaluation of the port business.

Marg Constructions is a
Chennai-based real estate and infrastructure developer; it is also a value play on
port, SEZ and other real estate & infrastructure projects. We upgrade our NPV to
Rs17.98bn from Rs9.6bn; reiterate BUY.

Karaikkal Port is a 10mnte dry cargo port under construction in Pondicherry; we
have valued the port at Rs4bn – Westport, the Malaysian port operator has signed up
for joint operations of the port. The first phase (4mnte capacity) would commence by
October ’08 and the second phase (7.3mnte cumulative capacity) by November ’09.
Notified SEZs. Marg Constructions has received final notification for developing two
SEZs (multi services & light engineering) near Chennai, spread over 613 acres. We
estimate the market price of land to be Rs.4mn/acres, implying land value of
Rs2.4bn. Based on the potential development of more than 28mn sqft, we have
valued the SEZs atRs4.6bn.
Land bank accretion. Marg Constructions has a total land bank of 1,310 acres
valued at Rs4.6bn, which includes a 1.1mn sqft integrated mall/multiplex/hotel project
at Old Mahabalipuram Road, Chennai, valued at Rs2bn. Marg owns500 acres
adjacent to its notified SEZs.

Future initiatives.

Marg Constructions intends to venture into big-ticket
infrastructure and urban development projects, including costal corridor projects,
fishing harbours & port based SEZ, roads, and other urban infrastructure projects.
We have not assigned any value to these projects; however, they could add further
upside to our NAV.
Outlook. We estimate the company’s PAT to grow at 130% CAGR over the next two
years. The stock is currently trading at FY08E and FY09E P/E of 26.8x and 6.6x
based on our EPS estimates of Rs15.7 and Rs63.4 respectively. We estimate sum-
of-the-parts valuation of the company at Rs17.9bn or Rs780/share. Reiterate BUY[/tscii:5e9c9b568b]

dev

11th December 2007, 09:16 AM

Sensex on steroids
http://specials.rediff.com/yearend/2007/dec/10yrsensex1.htm

dev

11th December 2007, 10:29 AM

Warren Buffet bought his first stock in the year 1941 when he was 11 years old. In 1943, at an age of 13 he told a family friend that by the time he is 30 he would become a millionaire.

If you are aspiring to become a millionaire then start as early as possible. Even if you do not want to become millionaire but wish to create substantial wealth for you to lead financially free life then start as early as possible.

http://www.moneycontrol.com/india/news/mf-experts/how-to-becomemillionaire/10/12/306167

dev

11th December 2007, 10:30 AM

Plan your retirement in 3 simple steps
Liquidity, regular income and growth are like three legs of a tripod called Retirement. And for your retirement tripod to stand, all three legs need to stand in balanced manner.

http://news.moneycontrol.com/mf/news/news_detail.php?autono=240112&call_section=MF

dev

11th December 2007, 10:30 AM

Mutual Funds have been around in India for more than a decade now. However, it is only in the recent past that it has come on the investment radar of the common investor. As such, many questions still bother the minds of the investors.

In this article we discuss 5 of the most Frequently Asked Questions regarding investing in MFs.

http://www.moneycontrol.com/india/news/mf-experts/five-frequently-asked-questions-about-mfs/10/12/312544

dev

11th December 2007, 10:31 AM

How to be a Prudent investor?

http://www.moneycontrol.com/india/news/mf-experts/how-to-beprudent-investor/10/12/316636

dev

11th December 2007, 11:43 AM

Double Trouble: NFOs and that too Theme-based!
The MF industry is on an overdrive. The continuing bull market has energized the industry so much that we are being bombarded with NFOs day-in and day-out. The media blitz is simply overwhelming. Even if you try to evade a few, you are bound to be hit by the others. There seems to be no escape.

http://www.moneycontrol.com/india/news/mf-experts/double-trouble-nfosthat-too-theme-based/10/12/316257

dev

11th December 2007, 11:47 AM

[tscii:7d391197b0]ABC of investing in Fixed Income

The income fund I invested in returned only 5% last year. I would be better off investing in the fixed deposit of my neighborhood bank. I can get 9.5% for a one-year deposit. This used to be a familiar argument till some time back. Then came the FMPs – or the fixed maturity plans from mutual funds. These FMPs looked like Godsend for the mutual fund sellers. Why? Based on the interest rate scenario at the time of launch, the returns to the investor can be easily predicted. That gives a lot of comfort to the conservative predictability-loving fixed income investor. Let us explain this and that should start with an understanding of how fixed income instruments (and the fixed income funds) work.

http://www.moneycontrol.com/india/news/mf-experts/abcinvestingfixed-income/10/12/315391[/tscii:7d391197b0]

chevy

12th December 2007, 03:57 PM

Mkt trades with moderate losses: IT, bank stks down
2007-12-12 09:35:04 Source : moneycontrol
Email Print Version

The markets are trading with moderate losses on selling pressure seen in IT and banking stocks. But we have still outperformed most of the Asia, which closed in red. The Fed cut rates by 25 bps disappointing analyst who were expecting a 50 bps cut leading to a fall. Action can be clearly seen in the broader market. The breadth is in favour of the advances. Both the BSE midcap index and smallcap index are up nearly 1% and 1.5% each respectively.

On the macroeconomic front, industrial growth growth came in at 11.8% versus 4.5%, YoY, slightly ahead of expectation of 11%.

At 1.18 hrs IST, the Sensex is down 83.43 points or 0.41% at 20207.46, and the Nifty down 21.15 points or 0.35% at 6076.10.

About 2188 shares have advanced, 851 shares declined, and 50 shares are unchanged.

Pharma, oil & gas, metal and realty stocks are trading higher. However, select bank, IT and capital goods were under pressure. Metal index is up 1.6% and realty index is up 1.7%. Tata Steel, HIndalco, Nalco are some of the top gainers.

IT index is down over 2%, Infosys is down 4%, Satyam and Wipro are down over 2.5%.

Glenmark Pharma up 8.4%, Nicholas Piramal up 5.4% and United Phosphorus are among some of the midcap gainers.

Colgate, Panit and Bank of Maharahtra are among the midcap losers.

On the Nifty among the top gainers were Idea, HDFC up 4%, Zee Ent up 3%, Tata Steel up 2.8%, followed by GSK, Sterlite Ind and Cairn India.

Top gainers on the Sensex are HDFC up 2.75%, Tata Steel up 2.2%, Hindalco up 1.8% and Maruti Suzuki up 1.6%.

On the primary market front, Edelweiss made a stellar debut and Renaissance listed inline with street expectations.

Most active shares on the exchanges were Edelweiss Capital, IFCI, Reliance Petroleum, Reliancce and Lanco Infratech.

HDIL, Ansal Properties, Omaxe and Puravankara Pro in the realty pack were buzzing. In the metal space, Shree Precoated, Nalco, Tata Steel and Hindalco were in focus.

Fed meet fails to deter mkt: Midcaps, smallcaps up

The markets are trading flat outperforming Asian peers. Markets were undetered by the fall in Asia post the Fed meet where it cut rates by a quarter point. Action can be clearly seen in the broader market. Both the BSE midcap index and smallcap index are up nearly 1.5%. Pharma, oil & gas, metal and realty stocks are trading higher. However, select bank, IT and capital goods were under pressure. The breadth is in fvaour of the advances.

At 12.07 hrs IST, the Sensex is up 5.17 points or 0.03% at 20296.06, and the Nifty down 4.15 points or 0.07% at 6093.10.

About 2268 shares have advanced, 773 shares declined, and 48 shares are unchanged.

On the macroeconomic front, industrial growth growth came in at 11.8% versus 4.5%, YoY, slightly ahead of expectation of 11%.

On the Nifty Nalco and the new addition Idea Cellular were both up over 3% followed by GSK, Sterlite Ind and Cairn India.

Top gainers on the Sensex are HDFC up 2.75%, Tata Steel up 2.2%, Hindalco up 1.8% and Maruti Suzuki up 1.6%.

On the primary market front, Edelweiss made a stellar debut and Renaissance listed inline with street expectations.

In the real estate sector Omaxe, HDIL are up 10% each

Top losers on the Sensex are Infosys at Rs 1,700.05 down 2.47%, Wipro at Rs 495.50 down 1.91% and Satyam at Rs 434.50 down 1.63%. HDFC Bank, ICICI Bank, Suzlon and Bharti were the other losers.

Most active shares on the exchanges were Edelweiss Capital, IFCI, Reliance Petroleum, Reliancce and Lanco Infratech.

HDIL, Ansal Properties, Omaxe and Puravankara Pro in the realty pack were buzzing. In the metal space, Shree Precoated, Nalco, Tata Steel and Hindalco were in focus.

Mkts bounce back from days low; metal, realty stks firm

The markets have bounced back from the early lows and were trading in modest green on the back of heavy buying witnessed in the realty, metal and pharma stocks. However, IT and capital good pack was still under pressure.

At 11 am, the Sensex is up 15.03 points or 0.07% at 20305.92, and the Nifty down 6.90 points or 0.11% at 6090.35. About 2214 shares have advanced, 820 shares declined, and 55 shares are unchanged.

Top gainers on the Sensex are Tata Steel at Rs 856 up 2.41%, Hindalco at Rs 204.20 up 2.33% and Maruti Suzuki at Rs 1,096 up 1.62%.

Top losers on the Sensex are Infosys at Rs 1,700.05 down 2.47%, Wipro at Rs 495.50 down 1.91% and Satyam at Rs 434.50 down 1.63%.

Most active shares on the exchanges were Edelweiss Capital, IFCI, Reliance Petroleum, Reliancce and Lanco Infratech.

HDIL, Ansal Properties, Omaxe and Puravankara Pro in the realty pack were buzzing. In the metal space, Shree Precoated, Nalco, Tata Steel and Hindalco were in focus.

Mkts still under pressure; IT, banks worst hit

The markets continue to trade in red with significant cuts on the back of selling witnessed in the IT, power, FMCG and banking space.Realty and auto stocks were also under deep pressure.

At 10.20 am, the Sensex is down 105.89 points or 0.52% at 20185.00, and the Nifty down 25.45 points or 0.42% at 6071.80. About 2009 shares have advanced, 1018 shares declined, and 62 shares are unchanged.

Top gainers on the Nifty are BPCL at Rs 449.10 up 2.23%,NALCO at Rs 414.05 up 2.22% and GAIL at Rs 527 up 1.45%.

Top losers on the Nifty are Infosys at Rs 1,697 down 2.71%, HDFC Bank at Rs 1,737.05 down 2.44% and Bharti Airtel at Rs 1,012 down 2.33%.

Most active shares on the exchanges were Edelweiss Capital, IFCI, Reliance Petroleum, Reliancce and Lanco Infratech.

Markets open with gap down on weak cues

The markets opened on weak note today taking cues from the global markets. Heavy selling was witnessed in the early trade led by the power, realty, telecom and metals stocks. Asia was trading with deep cut following US mkts which plunged yesterday after the Fed cut rates by a quarter point disappointing traders looking for twice that amount.

At 9:56 am, Sensex was down 217 points at 20073 and Nifty was down 80 points at 6016. Major losers in the early trade were Bharti Airtel, Rel Comm, Rel Energy, MTNL, ICICI bank, Cipla, HDFC bank, Sterlite Inds, Infosys, Unitech, Satyam, SAIL and VSNL.

Edelweiss Securities got listed on the bourses today at Rs 1443 versus its issue price of Rs 825.

Asian markets were trading weak. Hong Kong's Hang Seng tumbled 2.64% or 772.56 points at 28,454.28, Japan's Nikkei plunged 1.84% or 294.85 points at 15,749.87, Taiwan's Taiwan Weighted was down 2.09% or 180.78 points at 8,457.55, Singapore's Straits Times declined 1.77% or 63.61 points at 3,525.42 and South Korea's Seoul Composite slipped 1.46% or 28.01 points at 1,897.06.

US markets: US stocks closed with huge losses after the Fed cut rates by a quarter point disappointing traders looking for twice that amount. The Dow tumbled 294.26 points, or 2.14%, to 13,432.77 after dropping as much as 313.29. The Standard & Poor's 500 index plunged 38.31 points, or 2.53%, to 1,477.65, and the Nasdaq composite index declined 66.60 points, or 2.45%, to 2,652.35

Market cues:

* Global markets weak after Fed decision of 25 bps rate cut
* FIIs net buy USD 74.5 million in equity on Dec 10
* NSE F&O Open Interest up by Rs 1,932 crore at Rs 1,04,622 crore

chevy

12th December 2007, 04:01 PM

Many people think trading is the simplest way of making money in the stock market. Far from it; I believe it is the easiest way of losing money. There is an old Wall Street adage, that "the easiest way of making a small fortune in the markets is having a large fortune."

I discuss below eight ways of undisciplined trading which lead to losses. Guard against them, or the market will wipe you out. I am qualified to speak on this subject because I was myself an undisciplined trader for a long time and the market hammered me into line and forced me to change my approach.

1. Trading during the first half-hour of the session

The first half-hour of the trading day is driven by emotion, affected by overnight movements in the global markets, and hangover of the previous day's trading. Also, this is the period used by the market to entice novice traders into taking a position which might be contrary to the real trend which emerges only later in the day.

Most experienced traders simply watch the markets for the first half of the day for intraday patterns and any subsequent trading breakouts.

2. Failing to hear the market's message

Personally, I try to hear the message of the markets and then try to confirm it with the charts. During the trading day, I like to watch if the market is able to hold certain levels or not.

I like to go long around the end of the day if supported by patterns, and if the prices are consistently holding on to higher levels. I like to go short if the market is giving up higher levels, unable to sustain them and the patterns support a down move of the market.

This technique is called tape watching and all full-time traders practice it in some shape or form. If the markets are choppy and oscillate within a small range, then the market's message is to keep out.

Hearing the message of the market can be particularly important in times of significant news. The market generally reacts in a fashion contrary to most peoples' expectation. Let us consider two recent Indian events of significance.

One was the Gujarat earthquake that took place on 26 January 2001 and the other the 13 December 2001 terrorist attack on the Indian parliament. Both these events appeared catastrophic at first glance. TV channels suggested that the earthquake would devastate the country's economy because Gujarat has the largest number of investors and their confidence would be shattered, making the stock market plunge.

Tragic as both the events were, the market reacted in a different way to each by the end of the day. In both cases the markets plunged around 170 points when it opened, in both cases it tried to recover and while it managed a full recovery in the case of the Gujarat earthquake, it could not do so in the Parliament attack case.

The market was proven correct on both counts. The Gujarat earthquake actually held the possibility of boosting the economy as reconstruction had to be taken up, and also because most of the big installations, including the Jamnagar Refinery, escaped damage. In the case of the attack on parliament, although traders assessed that terrorist attacks were nothing new in the country but the market did not recover because it could see some kind of military build-up ahead from both India and Pakistan. And markets hate war and uncertainty.

In both these cases what helped the cause of the traders were the charts. If the charts say that the market is acting in a certain way, go ahead and accept it. The market is right all the time. This is probably even truer than the more common wisdom about the customer being the king. If you can accept the market as king, you will end up as a very rich trader, indeed.

Herein lies one reason why people who think they are very educated and smart often get trashed by the market because this market doesn't care who you are and it's certainly not there to help you. So expect no mercy from it; in fact, think of it as something that is there to take away your money, unless you take steps to protect yourself.

3. Ignoring which phase the market is in

It is important to know what phase the market is in -- whether it's in a trending or a trading phase. In a trending phase, you go and buy/sell breakouts, but in a trading phase you buy weakness and sell strength.

Traders who do not understand the mood of the market often end up using the wrong indicators in the wrong market conditions. This is an area where humility comes in. Trading in the market is like blind man walking with the help of a stick.

You need to be extremely flexible in changing positions and in trying to develop a feel for the market. This feel is then backed by the various technical indicators in confirming the phase of the market. Undisciplined traders, driven by their ego, often ignore the phase the market is in.

4. Failing to reduce position size when warranted

Traders should be flexible in reducing their position size whenever the market is not giving clear signals. For example, if you take an average position of 3,000 shares in Nifty futures, you should be ready to reduce it to 1,000 shares.

This can happen either when trading counter trend or when the market is not displaying a strong trend. Your exposure to the market should depend on the market's mood at any given point in the market. You should book partial profits as soon as the trade starts earning two to three times the average risk taken.

5. Failing to treat every trade as just another trade

Undisciplined traders often think that a particular situation is sure to give profits and sometimes take risk several times their normal level. This can lead to a heavy drawdown as such situations often do not work out.

Every trade is just another trade and only normal profits should be expected every time. Supernormal profits are a bonus when they -- rarely! -- occur but should not be expected. The risk should not be increased unless your account equity grows enough to service that risk.

6. Over-eagerness in booking profits

Profits in any trading account are often skewed to only a few trades. Traders should not be over-eager to book profits so long the market is acting right. Most traders tend to book profits too early in order to enjoy the winning feeling, thereby letting go substantial trends even when they have got a good entry into the market.

If at all, profit booking should be done in stages, always keeping some position open to take advantage of the rest of the move. Remember trading should consist of small profits, small losses, and big profits. Big losses are what must be avoided. The purpose of trading should be to get a position substantially into money, and then maintain trailing stop losses to protect profits.

Most trading is breakeven trading. Accounts sizes and income from trading are enhanced only when you make eight to ten times your risk. If you can make this happens once a month or even once in two months, you would be fine. The important point here is to not get shaken by the daily noise of the market and to see the market through to its logical target.

Remember, most money is made not by brilliant entries but by sitting on profitable positions long enough. It's boring to do nothing once a position is taken but the maturity of a trader is known not by the number of trades he makes but the amount of time he sits on profitable trades and hence the quantum of profits that he generates.

7. Trading for emotional highs

Trading is an expensive place to get emotional excitement or to be treated as an adventure sport. Traders need to keep a high degree of emotional balance to trade successfully. If you are stressed because of some unrelated events, there is no need to add trading stress to it. Trading should be avoided in periods of high emotional stress.

8. Failing to realise that trading decisions are not about consensus building

Our training since childhood often hampers the behaviour necessary for successful trading. We are always taught that whenever we take a decision, we should consult a number of people, and then do what the majority thinks is right. The truth of this market is that it never does what the majority thinks it will do.

Trading is a loner's job. Traders should not talk to a lot of people during trading hours. They can talk to experienced traders after market hours but more on methodology than on what the other trader thinks about the market.

If a trader has to ask someone else about his trade then he should not be in it. Traders should constantly try to improve their trading skills and by trading skills I mean not only charting skills but also position sizing and money management skills. Successful traders recognise that money cannot be made equally easily all the time in the market. They back off for a while if the market is too volatile or choppy.

Excerpt from: How to Make Money Trading Derivatives by Ashwani Gujral.

Price: Rs 395

Ashwani Gujral trades derivatives for a living and is a featured expert on several business channels. He writes regularly for some leading US specialist magazines and journals on trading and technical analysis.

chevy

12th December 2007, 04:10 PM

[tscii:44aba2b66e]ABC of investing in Fixed Income

The income fund I invested in returned only 5% last year. I would be better off investing in the fixed deposit of my neighborhood bank. I can get 9.5% for a one-year deposit. This used to be a familiar argument till some time back. Then came the FMPs – or the fixed maturity plans from mutual funds. These FMPs looked like Godsend for the mutual fund sellers. Why? Based on the interest rate scenario at the time of launch, the returns to the investor can be easily predicted. That gives a lot of comfort to the conservative predictability-loving fixed income investor. Let us explain this and that should start with an understanding of how fixed income instruments (and the fixed income funds) work.

http://www.moneycontrol.com/india/news/mf-experts/abcinvestingfixed-income/10/12/315391[/tscii:44aba2b66e] what do u mean by an income fund ... and also .. wats an index fund ..

dev

13th December 2007, 07:28 AM

what do u mean by an income fund ... and also .. wats an index fund ..

Income fund is one which emphasizes on regular income ratehr than growth... they pay out in the form of dividends, returns from bonds,preference shares etc on a regular basis... these r mainly attractive for those who need steady cashflow at lower risk....ex:retirees

Index fund is one that tries to make a copy of the index(like nifty, S&P 500 or whatever)... they form a portfolio by purchasing all the stock in tht particular index in the same ratio/percentage as that of the index...these funds are generally know as passive funds or passively managed funds as the portfolio doesn't change freq... the portfolio changes only when the index composition changes & tht too changes r made in the exact same way as the index... no great decision making required... just keep copying the index...:)

chevy

14th December 2007, 10:43 PM

chevy

15th December 2007, 01:23 PM

Does a falling U.S. dollar or rising euro interest you? Do you want to protect your dollar-denominated assets or profit from a rise in European currency? If so, traditionally you would have to trade currency futures, open up a forex account, or purchase the currency itself to profit from changes in currencies.

However, with the advent of currency exchange-traded funds (ETFs) you can now benefit from changes in currencies without all the fuss of futures or forex by simply purchasing ETFs in your brokerage account (IRA and 401(k) accounts included).

In this article, we will look at why currencies rise and fall and check out the different types of currency ETFs. (To go more in depth into currency ETF trading, check out Currency ETFs Simplify Forex Trades.)

Why Currencies Move
Foreign exchange rates refer to the price at which one currency can be exchanged for another. The exchange rate will rise or fall as the value of each currency fluctuates against another.

Factors that can affect the value a currency include economic growth, government debt levels, trade levels, and oil and gold prices among other factors. For example, slowing gross domestic product (GDP), rising government debt and a whopping trade deficit can cause a country's currency to drop against other currencies. Rising oil prices could lead to higher currency levels for countries that are net exporters of oil or have significant reserves, such as Canada.

A more detailed example of a trade deficit would be if a country imports much more than it exports. You end up with too many importers dumping their countries' currencies to buy other countries' currencies to pay for all the goods they want to bring in. Then the value of the importers' country currencies drops because the supply exceeds demand. (To learn more basics for currency pricing, check out Wading Into The Currency Market and our The Forex Market tutorial.)

How ETFs Work
For years, many investors have used ETFs instead of mutual funds to track major equity indexes , such as the S&P 500 and the Lehman Brothers three- to seven-year U.S. Treasury Index .

ETFs have a few advantages over mutual funds, including:

* Easy to trade: They can be bought and sold anytime through any broker, just like a stock.
* Tax efficiency: ETFs typically have lower portfolio turnover and strive to minimize capital gains distributions so that investors are only taxed when they initiate a trade.
* Transparency: ETFs disclose on a daily basis the exact holdings of the funds so you always understand precisely what you own and what you are paying for.
* Flexibility: Anything that you can do with a stock, you can do with an ETF. This includes shorting, holding in margin accounts and placing limit orders.

With currency ETFs, you can invest in foreign currencies just like you do in stocks or any other ETF. You can even buy ETFs with your IRA money.

Currency ETFs
Currency ETFs replicate the movements of the currency in the exchange market by either holding currency cash deposits in the currency being tracked or using futures contracts on the underlying currency.

Either way, these methods should give a highly correlated return to the actual movements of the currency over time. These funds typically have low management fees as there is little management involved in the funds but it is always good to keep an eye on the fees before purchasing.

There are several choices of currency ETFs in the marketplace. You can purchase ETFs that track individual currencies such as the Swiss franc, which is tracked by the CurrencyShares Swiss Franc Trust (PSE:FXF). If you think that the Swiss franc is set to rise against the U.S. dollar, you may want to purchase this ETF, while a short sell on the ETF can be placed if you think it is set to fall.

You can also purchase ETFs that track a basket of different currencies. For example, the PowerShares DB U.S. Dollar Bullish (AMEX:UUP) and Bearish (AMEX:UDN) funds track the U.S. dollar up or down respectively, against the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc. If you think the U.S. dollar is going to fall broadly, you can buy the Powershares DB U.S. Dollar Bearish ETF.

There are even more active currency strategies used in currency ETFs, specifically the DB G10 Currency Harvest Fund (AMEX: DBV), which tracks the Deutsche Bank G10 Currency Future Harvest Index. This index takes advantage of yield spreads by purchasing futures contracts in the highest yielding currencies in the G10 and selling futures in the three G10 currencies with the lowest yields.

In general, much like other ETFs, when you sell an ETF, if the foreign currency has appreciated against the dollar, you will earn a profit. On the other hand, if the ETF's currency or underlying index has gone down relative to the dollar, you'll end up with a loss.

Follows Most Major Currencies
Currency ETFs can be an efficient tool that allow you to diversify away from the U.S. dollar and track the price movements for most major markets, including the:

* Australian dollar (or Aussie)
* British pound
* Canadian dollar (or Loonie)
* Euro
* Japanese yen
* Mexican peso
* Swedish krona
* Swiss franc (or Swissie)

So if, for instance, you think the U.S. dollar is weakening against the Japanese yen, you can capitalize on that movement. And if you think the opposite is true, you can sell the ETF short. As currency ETFs grow in popularity you will see more and more different currencies being tracked as well as more exotic strategies being used.

The Risks
Some of the specific currency risks that come with currency ETFs include:

* Political problems
* National debt
* Trade deficits
* Interest rate changes
* Government defaults
* Changing domestic and foreign interest rates
* Central banks or other government agencies selling the currency in large quantities
* Commodity price changes

It is important to recognize these risks and the effect they could have on the price of your currency ETF. If you fail to recognize a new political leader as a threat to your rising currency, you could be out a lot of money in a few short days.

Conclusion
As ETFs have grown in popularity, there has been an equal growth in the variety of options opening up for investors. These investment vehicles allow us to both hedge and speculate against changes in currency prices. However, like all investment there are risks and it is imperative to understand them before jumping in.

by George D. Lambert ( Email | Biography)

George D. Lambert is a freelance financial writer with more than 20 years of experience in the financial services industry. He has worked as a Certified Financial Planner, a Certified Divorce Financial Analyst and an arbitrator for the NASD, NYSE and AAA. George is approved by the Florida Licensing Education Section to instruct life, health and variable annuity courses. To read more about George and his services, visit www.e-financialWriter.com. Also be sure to check out his latest book, "A Boomer's Guide To Long-Term Care".

great

9th January 2008, 11:18 PM

oh ok... so beginners without much knowledge of the markets and trading usually get into this right?

I am not sure if i understood u correctly. Could you direct me to some link that tells more about this . Are index funds popular in india?

yeah MF is good for beginners or people who doesnt have time to track the market properly.

check out moneycontrol.com or valueresearchonline.com

great

15th January 2008, 12:38 PM

:shock: Within 1 hour Relaince IPO has been over subscribed by 4 time . Eventhough they dont have any substantial project in near future :D

Future Capital Holdings Ltd :roll: The price band is pretty high around 765.

Anybody planning to invest in any of these IPO :?

dev

22nd January 2008, 12:29 PM

these 2 days are the best days in my stock mkt career.... :lol: It's testing me to the core... :P lost almost all the unbooked profits I made last yr... will have to wait & see how I behave if the fall continues & it starts eating up the capital aswell..:)

mgb

26th January 2008, 01:52 PM

Hope your portfolio is back to normal now :)

dev

31st January 2008, 02:41 PM

yes!!!... market ennai rombe sodhikkalai... :) I wanted to book profits on some weak / extremely overvalued stocks in my portfolio but this unexpected fall din't give me the chance to do it... Had I done it, I would have had a chance to buy better, stronger companies cheap now...

dev

25th February 2008, 10:04 AM

The Reliance Power Board has approved a bonus issue of 3:5 shares

http://www.moneycontrol.com/india/news/business/rel-power-board-approves-bonus-issue/10/01/327651
:lol: :hammer: :angry2: :banghead: :lol:

mgb

25th February 2008, 11:06 AM

dev.. why this mixed reaction ?

but the reliance power share prices should fall further as the networth will remain the same, where as the denominator increases.. let us wait and watch what the indian public do

dev

25th February 2008, 11:19 AM

First off, the pricing was way toooo high for a company which is going to begin full fledged operations(if atall it does)
only after 5 yrs... adhukku namma makkal kuduttha reaction(over-subscription)-ku :hammer: :banghead: Just make a comparison with NTPC & anyone with some common sense will understand how highly priced this IPO is...

Once the price started falling, he transfered assets from Reliance energy to reliance power to boost the share prices, which to me is not ethical... adhukku :angry2:

& now andha dhaana prabhu has given a part of his holding to the retail investors to boost investor confidence... As far as I know, a company cannot issue bonus shares to one class of shareholders (I might be wrong here & I guess there might be some loopholes which is why the SEBI has not questioned it so far)... He's doing all these so that he can get good price for his future IPOs... No ethical businessman will do such things in the name of protecting shareholders... If he is more concerned about maintaining the share price than adding value to the business, I don't understand the logic there...:angry2:

& the :lol: :lol: are for the ppl's reaction to all these drama... just read thru the msg board for some of the comments...
http://www.moneycontrol.com/india/stockpricequote/reliancepower/powergenerationdistribution/11/12/pricechartquote/marketprice/RP
PPl who speak the fact are called pessimists & anti-reliance guys now... :lol: Sentiments & emotions might work for sometime in the stock markets but if one wants to be in it for the long run, just get rid of the sentiments & look at business as a business... Sentiments can overshadow facts at times(most of the times)!!!...:)

Kaathai kaamichu kaasu pannuradhu eppadinu ippo thaan paarkiren!!!... :P

mgb

25th February 2008, 11:59 AM

dev

25th February 2008, 12:03 PM

I also felt it was over priced and i didnt apply for the IPO and when my colleagues asked me why i am not applying, my answer was "I know it will quote lesser than the issue price, so i can always buy in the open market". But i was taken aback when the issue was over subscribed by multiple times.. it reminded me of the following dialogue in a tamil film :)

Goundar : dei enda sirikkira :evil:

Senthil : indha ulagatha nenachen sirichen :lol:

:lol: tht dialogue fits well for this situation...:)

Illadha businessai forecast & value pannuradhai vida irukira businessai analyse , forecast & value pannuradhu easy...:) anyway... lets enjoy the drama...;) :)

wrap07

5th April 2008, 10:14 PM

could someone tell me which brokerage is ideal for new investors. There are advertisement for reliance, icici, motilal, Geojit.

dev

6th April 2008, 03:58 PM

could someone tell me which brokerage is ideal for new investors. There are advertisement for reliance, icici, motilal, Geojit.

Depends on what kind of services you are looking for from the brokerage...:)

If it's just a simple demat & online trading a/c, I would recommend Kotak securities... I have my a/c with them for the past 2 1/2 yrs & am very happy with their service/customer care/...

wrap07

6th April 2008, 08:17 PM

thanks a lot for your kind reply. I will now puruse that. :D

wrap07

6th April 2008, 08:20 PM

dev

6th April 2008, 08:50 PM

You can look into the brokerage firms' websites to learn more abt the diff types of accounts they offer & other services like portfolio management services, assist accounts(http://www.kotaksecurities.com/assist/whyassist.html) etc...

sgokulprathap

31st October 2008, 01:00 PM

markets are down, so is this thread?

great

31st October 2008, 06:06 PM

Hey Gp :) How are you?

dev

31st October 2008, 07:12 PM

GP, :D...

great

31st October 2008, 08:57 PM

how about your inves GP and Dev?

Mine is down and limping :lol:

dev

31st October 2008, 09:37 PM

how about your inves GP and Dev?

Mine is down and limping :lol:

Idhu ellam enna kelvi indha market conditionla!!!... mine too is in the red...:)

viraajan

31st October 2008, 09:39 PM

I've invested in three shares... I invested in the month of june....

ippad, adhunga gadhi adho gadhi than :cry2:

viraajan

31st October 2008, 09:41 PM

I bought a share for 24 rs.... Now the cost of one share is 10rs :rant:

Eppo seri aagum-nu theriyala... I think i would be able to sell them in a decent profit only after jan'08.

great

31st October 2008, 11:10 PM

I bought a share for 24 rs.... Now the cost of one share is 10rs :rant:

Eppo seri aagum-nu theriyala... I think i would be able to sell them in a decent profit only after jan'08.

:lol: :lol: Naan 3 digit irrukum pothu vaangina stock , ippa double digit around 20 something 8-)

great

31st October 2008, 11:13 PM

Idhu ellam enna kelvi indha market conditionla!!!... mine too is in the red...:)

down and out / down and limping difference irrukula :lol:

Dish tv when i bought it was around 90 something , now its around 14rs . waiting for the single digit , so that i can average my cost :lol:

viraajan

1st November 2008, 08:27 AM

rajraj

1st November 2008, 08:31 AM

Hmmm... wait pannalam :|

That is what you are supposed to do if you are young ! :lol:

No panic selling! the stock market will bounce back with time. If you have extra cash buy some stocks that have taken a beating ! :lol:

viraajan

1st November 2008, 08:34 AM

rajraj

1st November 2008, 08:41 AM

Raj, I'm not good at predicting the maket :oops:

Do you think its wise to invest on share... I've been watching some shares which have seen the worst in October. This is the right time to buy them. But will the market ressurrect? :confused2:

Predicting the market is a full time job. I think you are fully employed now. At your young age I would pick a mutual fund and make regular contributions. You can also buy some individual stocks as long term investment. That was what I did. I invested regularly in one stock and my retirement savings is diversified. You should have regular saving habit. If your company has a plan make full use of it. I do not speculate in stock market.

viraajan

1st November 2008, 08:51 AM

:ty: very much Raj....

Yes, I've invested in mutual fund...

I've invested a very little amount in shares (somehwere around 4-5k ) just for little earning....
Yes, I've plans to buy few more shares as long term.. Need to wait for few more months to accomplish this... :)

For a long term investmebt, how many shares can we buy :roll: ,
At presnet, i usually 50-100 shares :)

rajraj

1st November 2008, 09:00 AM

For a long term investmebt, how many shares can we buy :roll: ,
At presnet, i usually 50-100 shares :)

It is not how many ! It is how much ( you can afford). For emergency have a savings account. The rule of thumb is to have six months' salary in savings in case you have to leave your current job. Once you have that you can invest in stocks and bonds. There is no rule that fits everyone. Your first goal, I am sure, is to build a house, if you don't own one. Real estate seems to have done well in Madras. From the stories I hear it is risky unless you can take care of it yourself or have somebody you can trust.

viraajan

1st November 2008, 10:22 AM

It is not how many ! It is how much ( you can afford). For emergency have a savings account.

:cool2: I have :)

Your first goal, I am sure, is to build a house, if you don't own one. Real estate seems to have done well in Madras. From the stories I hear it is risky unless you can take care of it yourself or have somebody you can trust.

:exactly:

But buying a house now is possible only after 6 months. I'll be joining a new company in the month of Dec or Jan. So to be eligible for this, i need to work atleast for 6 months in a co.

Thank you very much for your suggestions Sir :) :ty:

rajraj

1st November 2008, 10:25 AM

Thank you very much for your suggestions Sir :) :ty:

You are welcome ! :) I have not said anything that I have not told my sons ! :lol:

viraajan

1st November 2008, 10:29 AM

Thank you very much for your suggestions Sir :) :ty:

You are welcome ! :) I have not said anything that I have not told my sons ! :lol:

Nandri appa :) :yessir:

dev

1st November 2008, 01:16 PM

A good time to start buying stocks is when noone talks abt the stk markets... that is when the market will be somewhere near the bottom... & a good time to start selling is when everyone talks abt stock mkts & put their money into it even though they know nothing about it... :)

thamizhvaanan

1st November 2008, 02:05 PM

viraajan

1st November 2008, 03:19 PM

great

1st November 2008, 08:58 PM

Real estate seems to have done well in Madras. From the stories I hear it is risky unless you can take care of it yourself or have somebody you can trust.

Its very expensive as well !! Out of reach.

Gold is also a good option.

Viraajan, this is the correct time , invest and in 6 months you can make minimum of 15-20% return . MF is also a good option SBI Magnum fund is a good option , during jan it was around 65 something now its around 20s . Go for Dividend option rather than Growth.

sgokulprathap

1st November 2008, 09:11 PM

thread becomes active. :D
hope markets too bcum active soon. 8-)

sgokulprathap

1st November 2008, 09:13 PM

Hey Gp :) How are you? very 5n. :D

sgokulprathap

1st November 2008, 09:21 PM

No panic selling! the stock market will bounce back with time. wen mkts were above 20k, my returns rose by 90%. my wife said v shal buk profit.
I said v shal buk profit after v get 100% return.
but it ws al bear mkt aftr tat.
'No panic selling! the stock market will bounce back with time.' - this is wat I am saying to myself for all these time. :lol:

rajraj

1st November 2008, 09:34 PM

'No panic selling! the stock market will bounce back with time.' - this is wat I am saying to myself for all these time. :lol:

GP: It will go up (with time) ! :) I have seen it go down a lot three times in the last 40 years! But not this bad ! Hang on ! :lol:

rajraj

1st November 2008, 09:39 PM

[quote=rajraj]
Its very expensive as well !! Out of reach.

great: I am fully aware of it ! :( The house I built in 1976 ( in Madras) will be out of reach for me today! :( In fact, it is valued more than my house in the US !

sgokulprathap

7th January 2009, 02:50 PM

Bangalore: Satyam Computer Services founder-chairman B Ramalinga Raju has resigned from the IT major's board after admitting a multi-crore fraud in the company’s accounts.

In a notification to the stock exchanges, the Hyderabad-based IT firm said Raju and Managing Director Rama Raju had resigned early Wednesday and that the Securities and Exchanges Board of India (SEBI) had been informed.

In the regulatory statement, Raju said that the company had fraudulently incorporated a non-existent cash component and inflated the bank balance to reflect Rs 5,040 crore (Rs 50.4 billion) as against Rs 5,361 crores (Rs 53.61 billion).

''No board member had any knowledge of the real situation. Accrued interest of Rs 376 crore in books is non-existent. About Rs 1,230 crore was arranged to Satyam, but was not reflected in the books,” he said.

CNBC-TV18 reports that the account manipulation started years ago. "It was like riding a tiger, not knowing how to get off without being eaten," Raju said in his resignation letter to the company’s board of directors, in which he listed major financial wrong-doings over the years to inflate profits.

"I sincerely apologise to all Satyamites and stakeholders, who have made Satyam a special organisation, for the current situation," said Raju. "I am now prepared to subject myself to the laws of the land and face consequences thereof."

Raju recommended DSP Merrill Lynch be entrusted the task of "quickly exploring some merger opportunities," but the investment banker informed the stock exchanges that it has terminated its engagement with Satyam.

According to Raju, Ram Mynampati will act as an interim CEO. The resignations, ahead of January 10 board meeting, pushed the company into crisis and paved the way for immediate restructuring of the board and the management.

Shares of the company plunged by over 40 per cent soon after the resignations. Satyam, considered a ripe proposition for acquisition, was pushed into crisis after Raju was forced to abandon the acquisition of Maytas Infrastructure and Maytas Properties promoted by his son.

In a regulatory filing the company said Raju would continue to be the chairman till the board is expanded. "Under the circumstances I am tendering my resignation as the chairman of Satyam and shall continue in this position only till such time the current board is expanded. My continuance is just to ensure enhancement of the board over the next several days or as early as possible," said Raju.

An account of the confession

Raju said the fraud was “marginal” when it started but then grew over the years. "What started as a marginal gap between actual operating profit and the one reflected in the books of accounts continued to grow over the years," said.

sgokulprathap

7th January 2009, 03:12 PM

:shock: Satyam

sgokulprathap

7th January 2009, 03:14 PM

Satyam today @ mkt:
Opening - Rs. 179.10
High - 188.70
Low - 30.70

any1 here hav Satyam shares?

dev

7th January 2009, 04:07 PM

ramalinga raju: :hammer:

sgokulprathap

7th January 2009, 04:42 PM

when Satyam can do this, y cant others?
donno what to believe and what to not...

sakaLAKALAKAlaa Vallavar

7th January 2009, 06:46 PM

rediff always puts a sensible question, where were the auditors?!?!?

raju is the top mot guy we all could see, as he is on to creamy layer. what SEBI has to bring out is the other culprits esp the auditors, and even the bankers. mmm lets see, its interesting to see an another new, big scam but done by an different group of ppl altogether - a CEO of Indian MNC, auditors, Bankers, and also the credit rating agencies like Pricewatercoopers...

will the real and whole truth be presented to common indian?!?

sarna_blr

7th January 2009, 06:49 PM

will the real and whole truth be presented to common indian?!?

maayaa maayaa ellaam maayaa
chaayaa chaayaa ellaam chaayaa
pattum padaamalE
thottum thodaamalE :wink:

sakaLAKALAKAlaa Vallavar

7th January 2009, 07:09 PM

when Satyam can do this, y cant others?
donno what to believe and what to not... i always doubt that the "arrowa nee?" brothers were & are the biggest fraudsters, how many central ministers would they have bribed, all these years?!?!?

podalangai

7th January 2009, 07:10 PM

Given the sort of thing I used to see on a day-to-day basis when I was a practising lawyer, I'm not surprised that the management of Sathyam tried something along these lines. What beggars belief is that a company of this prominence got away with it for so long. This is even more blatant a fraud than the whole Enron ruckus was. How on earth could PWC have certified the accounts year after year? And, for heaven's sake, they had as eminent a board as you can get. What on earth were the directors doing? What ever happened to the idea that they have a fiduciary duty to the company - which involves scrutinising the management of the company? :banghead:

sarna_blr

7th January 2009, 08:29 PM

Aravindhan, arasiyalla idhellaam saadharanamunga :oops:

rajraj

8th January 2009, 05:33 AM

Satyam fiasco is porbably the beginning of the end of outsourcing. With unemployment rate inching up in the US, the anti-outsourcing forces have the ammunition to fight for bringing back jobs ! :(

Vivasaayi

20th January 2009, 11:15 PM

hi guys!

it is also said that if the inflation increases -employment increases...how?

P_R

20th January 2009, 11:37 PM

hi guys!

it is also said that if the inflation increases -employment increases...how?

Viv, "inflation" is known as"prosperity with blood pressure". Any growing economy will/should have a slight inflation. Deflation is disastraous. Think of it, a general reduction in prices means you can't be paid as much you are receiving now hence you can't afford to buy what you are buying now...and so on...vicious cycle.

More employment, more purchasing power in the hands of people, more demand for goods and services hence price rise - this is the oversimplified explanation. Also because regardless of the rise in purchasing power is immediate when employment increases but the rise in productivity is slow (office-la Hub paakkuravangaLaiyE eduththukkungaLEn :P). Because of this lag the demand will slightly be ahead of supply all the time causing inflation. WHich, to a certain extent is healthy.

Only when the prices are rising, there is incentive to invest more, produce more, hence employ more resources, hence greater employment and so on. But a balance needs to be struck.

Of course hyperinflation means the increase in purchasing power in the hands of the people is not matched in pace in the rise of goods and services. This can happen for a vareity of reasons including poor planning of technology, for-ex crises for economies dependent on imports, monetary crises etc. ellArum inflation-nA direct-A idhai thaan ninaikkuraaanga. But this is only an extreme case.

Of course theories have more complicated spins on this about how market/people/investments react "expecting" a certain relationship between inflation and employment etc. i.e. employment is not related to inflation but expectation about inflation ("reNdum oNNu dhaane dA, kuzhappureengaLE da")

Vivasaayi

21st January 2009, 01:12 PM

Only when the prices are rising, there is incentive to invest more, produce more, hence employ more resources, hence greater employment and so on. But a balance needs to be struck.

thanks pr!

i am actually clear abt employment causing inflation - as it increases the money flow.

i just had a doubt on the reverse scenario - the inflation causing the employment and u gave the answer :)

another kostin!

"is it advisable to invest hugely in shares during high inflation or investing in some real goods like home etc"

pizzalot

25th January 2009, 11:27 PM

"is it advisable to invest hugely in shares during high inflation or investing in some real goods like home etc"

Housing can be seen as one of the component leading to measurement of inflation itself. Inflation is the average of price rise of several commodities and services including housing. So it all depends on which of the element was really responsible for the high inflation. If housing was the reason, then investment on housing makes sense. If commodities were the cause, investment on Oil Stocks or produce will make sense.

Am I making sense ?

sgokulprathap

18th May 2009, 10:17 AM

Mkts hit upper circuit, will re-open at 10:55 am

Mon, May 18, 2009 at 10:09
Source : moneycontrol.com

The one-sided win for the UPA government (lead by 262 seats) in the 15th Loksabha election, which shrugged off the exit polls results drastically, brought great cheers for the markets in early trade. The benchmark indices locked at upper circuit, and the BSE & NSE are in discussion on extent of trading halt, as the Nifty has already breached second circuit (i.e. 15%).

In the first 30 seconds of trade today, the Sensex surpassed the 13,000 mark, thus hitting upper circuit. This was the first time since October 3, 2008 that the Sensex crossed 13,000 and the Nifty crossed the 4000 level for the first time since October 2008. Huge upsurge of 420 points or 11.4% in the SGX Nifty was suggesting the same trend.

The 50-share NSE Nifty was up 531.65 points or 14.48% at 4,203.30 and the 30-share BSE Sensex surged 1305.97 points or 10.73% to 13,479.39.

The Lok Sabha 2009 election results have given a clear mandate: the Congress-led United Progressive Alliance (UPA) is set to return to power and without support of the Left.

The UPA raced to an early lead ahead of the Bhartiya Janata Party (BJP)-led National Democratic Alliance (NDA). Incumbent Prime Minister Dr Manmohan Singh is now set to continue in the role.

The Indian rupee was trading at 4-month high of 48.40 a US dollar.

On the global front, Asian markets were trading lower barring Taiwan. Nikkei declined 2.5%. Shanghai Composite, Hang Seng and Kospi fell 1.3% each. Straits Times was down 0.79%. However, Taiwan Weighted lost 0.7%.

The dollar fell 0.5 percent to 94.75 yen, nearing a two-month low of 94.55. The shares of export companies are under presssure as a result of strong yen.

18th May 2009, 12:21 PM

Markets welcome UPA in a grand manner.

Sensex crossed 14200
Nifty crossed 4300

Almost all the indices were up by 10-15% within the few minutes of trading allowed for the day.

And 'Trading stopped for the day' as the markets touched the upper circuit.

Anban

18th May 2009, 06:58 PM

two UCs.. its just better than the best of dreams when u had bought a chuck of calls last week..

4th August 2010, 11:44 AM

Can this thread be revived? :huh:
any hubbers ready for active participation?

great

4th August 2010, 10:29 PM

:) thought of reviving it GP.

Are you into option or futures?

rajraj

5th August 2010, 02:00 AM

Are you into option or futures?

Speculating? :) Make sure you have certain portion of your investment in stable stocks and savings (CDs). Sometime back my investment advisor warned me that I was investing like a kid ! :lol: I am going to reallocate moving money from my company stock to stable funds! :) The company I worked for also sent me a warning about too much in company stock ! :)

5th August 2010, 10:03 AM

great

5th August 2010, 09:03 PM

Speculating? :) Make sure you have certain portion of your investment in stable stocks and savings (CDs).

Yeah, its been few months I actively traded. Infact, Market made me long time Investor during PY and year before that. I am just going through F&O market thought of speculating a meagre portion to start of with.My major(atleast 50%) investment are in stable stocks only. 2010 seems pretty good for short term investment

Sometime back my investment advisor warned me that I was investing like a kid ! :lol: I am going to reallocate moving money from my company stock to stable funds! :)

Looks like your risk appetite is higher. Majorly on equities?

GP, are you following MF? Though I invest, i hardly track the performance :oops:

vithagan

5th August 2010, 11:55 PM

:) thought of reviving it GP.

Are you into option or futures? not into both. am not yet fully comfortable with options or futures.
ippodhaikku I have invested only in MF and planning to invest in Gold ETF.

I'll be interested on this topic. Do you have any Gold ETFs in mind? Please share if you have more information on Gold ETF.

6th August 2010, 09:13 AM

Vithagan, u r from US?
In India, we have few Gold ETFs like Benchmark, UTI, Quantum, Reliance, SBI, Kotak, Religare...
HDFC and ICICI have also just entered this market.
Performance-wise all of them perform similarly in line with Gold price.
Am planning to invest in Benchmark's Gold BeES, the first company to introduce Gold ETF in India.

6th August 2010, 09:23 AM

A gold Exchange Traded Fund (ETF) is a financial instrument like a mutual fund whose value depends on the price of gold. In most cases, the price of one unit of a gold ETF approximately reflects the price of 1 gram of gold. As the price of gold rises, the price of the ETF is also expected to rise by the same amount. Similarly, a fall in the price of gold will also be reflected by a drop in the price of the ETF. However, unlike a mutual fund, the units of a gold ETF have to be purchased or sold on the stock market. To do so, one needs to have a demat account and a brokerage account with an online brokerage like ICICIdirect, or you may purchase it through your local stock broker.
Most gold ETFs are traded on the National Stock Exchange (NSE), so you will need a broker who is a member of the NSE. There are five gold ETFs in the market today, namely Gold BeEs, Kotak Gold, Quantum Gold, Reliance Gold, and UTI Gold ETF. According to data published by Valueresearchonline, the returns from all the gold ETFs over the last one year have been practically identical.

6th August 2010, 09:24 AM

http://new.valueresearchonline.com/story/h2_storyView.asp?str=13118

Gold ETF Positives

What are the advantages of investing in Gold ETFs? Do they declare dividends? When there is a high rise or a huge fall in prices, how is the investor affected?
- Shaileja Mammen

Gold ETFs offer manifold benefits over buying gold in physical form. Gold ETFs are a lot convenient because there is no physical delivery of gold involved and hence, investors are saved of the burden of storage and security.

Another advantage of gold ETFs, like any other ETF, is that the units of such funds are traded on the stock exchange and can be bought and sold like stocks on a real-time basis during trading hours. Gold ETFs also have the assurance of the purity of the underlying gold which one can never be sure of while purchasing physical gold from a jeweller. When investing in gold ETFs, one needs to have a demat account. One is not required to pay entry or exit loads, though brokerage is applicable.

When physical gold is sold, the jeweller will deduct the making charges and banks do not buy back gold while units of gold ETFs can be easily sold on the stock exchange at the prevailing market price.

Gold ETFs make it easy for retail investors to invest in gold as they allow investment in small denominations. Further, investing in paper gold gives tax advantages over investing in physical gold. Gold ETF units held for more than one year qualify for long-term capital gains whereas the holding period in physical form has to be three years to qualify for long-term capital gains. Also, gold held in paper form is not liable for wealth tax.

Regarding declaring of dividends, currently there is just one gold ETF-Reliance Gold ETF that has a dividend plan and it has not yet declared any dividend since its launch in November 2007.

Coming to your last question, by a huge rise or fall in prices of gold ETFs, it is apparent that you want to know the effect of a drastic price change of an ETF that stems from a big change in the demand or supply of units on the exchange. A huge rise or fall in the prices of gold ETFs is not possible as all ETFs are structured in a way that large differences between their price and the value of the underlying asset does not exist for a long period of time. If there is a huge increase in the demand or supply, then creation unit holders counter the impact of demand and supply of ETF units by buying and selling the units in the market and also by creating or destroying units, if need be. Thus, the price of the ETF units remains in line with the value of the underlying asset.