tag:blogger.com,1999:blog-193641742011-11-29T16:20:48.337+05:30A Report on Indian Share Market & Economy plus Investment Adviceshikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.comBlogger611100tag:blogger.com,1999:blog-19364174.post-63214410474689775992010-04-08T14:51:00.001+05:302010-04-08T17:48:54.095+05:30

Earlier Posted trade of Buy-nifty-5400 call as well as put has gone in the money in just 2 days. Today with Nifty going down to 5300 the combined option premium is now 184 (44+140), just few days back the same was trading at 150. With transaction charges of 4 rs. total profit comes to 30 per lot of 50! That too for a market neutral trade!

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-14121410300694291742010-04-06T17:37:00.001+05:302010-04-08T01:05:59.818+05:30

In last two months the implied as well as realised volatility of Nifty has fallen alot.This leads to attractive long volatility strategies like straddle.Trade idea: Buy 5400-Nifty April Call and Buy 5400-Nifty Put. The total option premium for the trade is arround Rs. 150 (Rs. 60 + Rs. 90)The breakeven for the trade would be nifty ending lower than 5250 or higher than 5550.The implied volatility

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com1tag:blogger.com,1999:blog-19364174.post-16179297599058735592009-03-26T15:41:00.002+05:302009-03-26T15:49:49.296+05:30

Target Achieved ! Once again !Today Nifty was unpredictable but finally stayed below the resistance levels of 3100 after breaching the first resistance level of 2980.Check out the old technical article on Nifty

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com29tag:blogger.com,1999:blog-19364174.post-52743193838126556562009-03-24T20:12:00.003+05:302009-03-24T20:41:29.580+05:30

Today I just unwound the stratgey mentioned earlier in my blog: Nifty Back in ActionThe analysis was about resistance level of 2980 on the Nifty. The March 3000 calls were as cheap as Rs. 5 when the strategy was posted. I was holding March calls with strike 3000 and 3050. Today after the market was looking like not holding up the 3000 level I liquidated my position. 3000 call at Rs. 45.9 and the

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com6tag:blogger.com,1999:blog-19364174.post-46858722090433498372009-03-23T12:00:00.003+05:302009-03-23T12:10:17.300+05:30

Nifty has gained back the early losses made earlier in the beginning of the month. Opening strongly today morning with close to 3% gain it is inching closer to the resistance levels seen earlier this year. The first resistance to be tested will be around 2980 and after breaking this level Nifty to pounce towards the next resistance level of 3100. With the global trend it seems that the Nifty will

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com1tag:blogger.com,1999:blog-19364174.post-85799580939357663152009-02-18T00:18:00.001+05:302009-02-18T00:21:51.472+05:30

Click on the arrow to play . . . Demand, Supply - Rhythm, Rhyme, Results

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com1tag:blogger.com,1999:blog-19364174.post-24261315630757389682009-01-07T15:01:00.002+05:302009-01-07T15:16:29.771+05:30

Recently as the Federal reserve has cut the target rate to close to zero. The shot term treasury bond in US has jumped to record high levels. Govt. securities because of the backing of government assures investors that they will get their money back. Yields on these shot dated T-bill has gone very close to zero and there were cases where the value of these bonds had gone up over face value of 100

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com1tag:blogger.com,1999:blog-19364174.post-58802062457720465402008-12-27T12:18:00.002+05:302008-12-27T12:38:09.539+05:30

In Lyon the city council with collaboration with an advertising agency has started a public cycling program called velib, which tries to solve the problem of traffic congestions, environment and public health. The scheme is funded by JC Decaux in exchange of exclusive access to public billboards. It all started with 2,000 bikes and 200 bike stations where the users can hire the bikes for a annual

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com1tag:blogger.com,1999:blog-19364174.post-43056457397309518232008-12-16T13:27:00.001+05:302008-12-16T13:31:51.026+05:30

Everyone in the market is expecting a cut in the target fed funds rate by Federal Reserve. This is the rate that Federal Reserve will try to achieve in the inter-bank borrowing market in US. The futures on the t-bills can provide indicative market sentiment and expectations towards changes in future rates. The option contract on t-bills futures on C-bot (Chicago board of trade) can even provide

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-63587803216217728042008-12-09T12:00:00.004+05:302008-12-09T12:28:31.159+05:30

Dynamic replication of option price requires a key ingredient, volatility. Often we get into arguments about using Implied market volatility, Expected volatility (could be forecast/ prediction) or just historic volatility.I was just trying to calculate historic volatility of major currency pairs and the Indian and World indexes. At first I thought using daily closing prices would be the most

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com1tag:blogger.com,1999:blog-19364174.post-46882031465496063162008-11-20T21:53:00.004+05:302008-11-20T22:15:44.827+05:30

In the latter half of the year Rupee has weakened against the Dollar significantly. Black line in the graph is USD/INR which has appreciated from close to 40 Rs for a Dollar in April to about 50 Rs.At the same time it is argued by some that USD has strengthened across all currencies. Implying that INR has not weakened much its just USD showing lot of strengthening. The red like shows USD index

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-90241109292871222062008-05-28T23:36:00.000+05:302008-05-28T23:38:05.916+05:30

With the crude oil touching $130 per barrel all of a sudden the US looking more profitable. Take the steel industry for example; the US steel industry was hit very hard by the low cost competition from China. Year over year the steel factories were shut down resulting to huge job losses. But recent import and production figures show something different. The latest one year production figures for

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com3tag:blogger.com,1999:blog-19364174.post-17825271234476091522007-11-17T17:48:00.000+05:302007-11-25T17:53:53.645+05:30

Two Fortune India Index was created by using two different methods. One was by using equal weights for all the 39 companies that were selected. Click here to read more about the original Index. The second method gave weights equal to the market cap of each individual share on the particular day. In other words the second portfolio was assumed to be dynamically adjusted to have weights depending

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-28853636570694873962007-11-11T13:12:00.000+05:302007-11-11T13:16:17.114+05:30

Globally almost all asset classes are again touching new highs. Just recently few days ago there were talks of crude oil staying above the $100 per barrel mark. Gold is also heading towards its all time high of $850, last time I checked it was around $830 per ounce. India being the largest consumer of Gold in the world is the major source of the increasing demand for this metal.The price of gold

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-75018811556013765702007-11-10T22:24:00.000+05:302007-11-10T22:26:19.266+05:30

The crude iron costs around the world are increasing. The main reason for this is the increase in the freight cost of these goods. The laded cost for the crude iron in India is around $200 per ton for the crude that is coming from Brazil and FOB is around $150. The freight costs for China is also very high reaching levels of around $180 laded cost for a ton of crude iron.What does this high crude

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com1tag:blogger.com,1999:blog-19364174.post-76706331422494520922007-11-09T23:32:00.000+05:302007-11-09T23:35:55.589+05:30

Towards Divali of every year investors expect the market to do well. It is one of those end year phenomenon which cannot be easily explained by common rationality. In fact from 1998 every single year market has gone up during Divali.During this Divali the Investment Pundits in India have become very cautious. Ever optimistic star investor Rakesh Jhunjhunwala could be easily quoted on CNBC that

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com1tag:blogger.com,1999:blog-19364174.post-50999410664541388712007-10-25T14:43:00.000+05:302007-11-25T17:47:55.920+05:30

Fortune India 2007Indian stock market has gone up by close to 30% from the beginning of the year. This upswing in the market has resulted in almost all sectors doing phenomenally well. The growth story is not just applicable to the Large caps but also to the mid caps and the small caps. In this kind of a market picking a portfolio that makes more money than the Fixed deposit rates (close to 10%

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-15380209424772818992007-10-22T03:33:00.000+05:302007-11-10T22:40:21.091+05:30

Can u rely of reliance? This is the question many people in the Market are starting to ask. Reliance has always been the stock in limelight, starting from the days of late Dhirubhai Ambani. Then the war between the brothers and excessive marketing made reliance a household name. People started speculating on whether Mukesh Ambani controlled business would be more profitable than ADAG (Anil's Cos)

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com9tag:blogger.com,1999:blog-19364174.post-64085855686071752007-05-18T11:52:00.000+05:302007-05-18T11:55:05.276+05:30

Pantaloon heading to 500In the early trades of today Pantaloon has broken the Previous resistance level of Rs. 440-445. The Stock in the intraday look strong is gaining pace rapidly. It has also broken another resistance level at Rs. 450. The share if closes today above Rs. 450 for today then it will surely race towards Rs. 500 in the coming week. Look at the second graph which shows the

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com1tag:blogger.com,1999:blog-19364174.post-22172156527569676492007-05-17T16:26:00.000+05:302007-05-17T16:32:35.942+05:30

Pantaloon: TechnicalFor the past two months Pantaloon is showing a declining trend. It is showing movements against the movement of index like Nifty. According to the technical chart below of six month period there is a resistance level created by the two peaks created. This resistance level is graphically shown with a red horizontal line at around 440-445 level. This level seems very crucial for

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-81040882101915589852007-05-14T17:13:00.001+05:302007-05-14T17:13:48.044+05:30

Sake fueling Cars!Japan has always been a technology loving and environment friendly country. Japan imports huge amounts of crude oil like other developed countries. The Japanese are now looking at cost effective and environment friendly alternatives for the crude oil. The Japanese have turned towards their traditional wine “sake.” Sake is a wine (more like a beer) made from brewing rice. This is

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-39741188404979944742007-05-08T16:33:00.000+05:302007-05-08T16:59:13.165+05:30

Mkts Wait for i-ratesIt is going to be another busy week for traders and analysts, because of the central banks of key economies are about to unveil their policies related to interest rates. US Federal Reserve Chairman Ben Bernanke is expected to release its comments on Wednesday. The Bank of England and the European Central Bank will also come up with its view on interest rates. Widely it is

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com1tag:blogger.com,1999:blog-19364174.post-6997526254662168402007-05-07T18:23:00.000+05:302007-05-08T12:52:52.228+05:30

Dow to beat S&PThe Dow is touching new highs and so is S&P.In this rising market it is important to know if the blue chip companies are going to be better or the Mid-caps. In my opinion exports and foriegn operations of compaies is now going to matter. Given the economic conditions where dollar is constantly depreciating companies with higher proportions of income from abroad are going to benefit

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-69626812691085212192007-05-04T15:27:00.000+05:302007-05-04T15:37:00.153+05:30

i-rates & MonsoonomicsLatest annual inflation figure for the week ending 21st April came out at 5.77 percent, lower than the expected 5.87 percent. It was lower than the previous months figures of 6.09 percent. The RBI in its annual policy set inflation target of around 4 to 4.5 percent, which seemed impossible. The Finance minister commented that the monetary measures of the government before

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com1tag:blogger.com,1999:blog-19364174.post-57220820534624385152007-05-03T10:37:00.000+05:302007-05-03T10:42:54.092+05:30

Global Hedge Fund Alert!The New York Federal Reserve gave an alert on accumulated risks created by the growing Hedge Funds. They concluded that this could be the biggest threat to the financial world since the fall of LTCM (Long term Capital Management). LTCM was a Hedge fund founded on the shoulders of mathematical / Economic geniuses, Robert C. Merton (and Myron Scholes (who won Nobel Prize in

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-48536998661531991842007-05-02T18:36:00.000+05:302007-05-02T18:43:43.556+05:30

Corus Repurchasing DebtCorus which was recently acquired by Indian Tata Steel is offering a share repurchase worth 800 million euro due in 2011. The company would buy back these bonds at 101% of the face value of the bonds. This means that they will be paying 101% + 1.375% (accumulated interest) for these bonds. The investors showed negative reaction to this because the face value of the bonds

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-38480438909852755302007-04-27T15:34:00.000+05:302007-04-27T15:36:35.415+05:30

Bharati Q4, EarningsBharti Airtel Ltd. came up with its latest 4th Quarter figures, beating the forecasts. India became the world’s fastest growing telecom market. Now it boasts of more than 150 million subscribers, which shows that still only 15% of the country’s population is covered. The projections made by Sunil Mittal look forward to tripling of the total customer base within five years.

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-43615904707682381992007-04-26T12:34:00.000+05:302007-04-26T12:35:51.515+05:30

Nifty loosing early gainsMarkets falling lower after opening close to 1% high. This is after the Nifty touching breaking the 4200 barrier (touching 4212 points) in the morning with ease. It seems like a technical reaction to the levels that are broken. If all goes well market seems to close higher that 4200 today. This would be a very optimistic rally for the markets.

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-81832300748034837082007-04-25T17:00:00.000+05:302007-04-25T17:01:05.638+05:30

Annual Policy: SurpriseIt was widely accepted that the RBI would increase its rates in its annual policy. Many economists were predicting at least 25 basis points increase in the Repo rates. But the RBI kept its policy rates unchanged; Repo Rates at 7.75%, and Reverse Repo and Bank Rate at 6.00%. Also CRR and SLR were untouched at 6.25% and 25%. The policy also motioned to curb inflation into a

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-75875459786219702372007-04-23T16:05:00.000+05:302007-04-23T16:06:25.845+05:30

RBI Credit PolicyTomorrow RBI will reveal new tricks in its credit policy. Big changes are expected on the back of Friday’s inflation numbers which showed the WPI increasing above 6% from the expected 5.8% level. The USD/Rupee rates have touched new lows. At current levels many exporters are asking for measures from the government to appreciate the Rupee. Already the Government had taken

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-31224663843062527462007-03-15T19:21:00.000+05:302007-03-15T19:58:56.181+05:30

Japanese Interest RatesJapan for long was a low interest market, serving as a source for low interest loans for Japanese funds. These huge funds kept on using "carry in" trade strategy where they borrowed funds at low rates and then invested it overseas in markets where the return is high (Emerging markets). About a month ago when the Japanese increased the interest rates, it was expected that

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-85024837187298737522007-02-26T21:40:00.000+05:302007-02-26T22:19:48.888+05:30

Hindalco Novelis.. contd.Hindalco Novelis Merger: Previous ArticleFinancial numbers show that novelis is not a good choice by Hindalco at least at the price that they paid for the company. The imediate effect of the merger is that Hindalco would achieve its target of doubling its turnover to $ 20 billion three years in advance. Novelis fits well in the long term strategy of Hindalco. Novelis is

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-24328030780171749782007-02-20T20:49:00.000+05:302007-02-20T20:55:19.516+05:30

Hindialco Novelis MergerThe recent bid made by Hindalco of $6billion for Novelis is very much sidelined by the Tata Corus deal of close to $13 billion. Tata tried to gain more synergy by the deal and more importantly trying to gain access to high margin markets of Europe. This is a very good risk mitigation ploy, isolating Tata from the adverse movements in global steel prices.Birla with Hindalco

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com1tag:blogger.com,1999:blog-19364174.post-1170504244260811062007-02-03T17:02:00.000+05:302007-02-22T00:55:20.063+05:30

Corus Welcomes TATAFinally TATA Steel ends up as the winner in the poker match between TATA Steel and CSN (Companhia Siderurgica Nacional)for Corus. It was very clear that TATA would bid aggresively and in the end they ended up paying 508 pence a share for Corus. Translating into 6.2 billion pounds or $ 12 billion. 30 percent higher than the initial offer made by TATA. For CSN it was second time

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-1168437624933588092007-01-10T19:26:00.000+05:302007-02-26T22:21:48.978+05:30

FDI in Capital MarketsArround the world a trend of consolidation can be seen in the stock and commodity exchanges arround the world. Just recently the Merchantile Exchange acquired the C-Boof(Chicago board fo trade). Also NASDAQ is trying out for a hostile takeover of LSE (London Stock Exchange) with valuations reaching as high as $ 5 billion. Just yesterday Goldman and Sachs and NYSE showed

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-1163772972582254512006-11-17T19:39:00.000+05:302007-02-26T22:45:12.802+05:30

Inefficiency of Indian Companies !The Net profit of Indian companies is lower 40% as compared to other MNC companies 43%. The figures were of top 100 Indian and MNC companies. This might only look like a marginal thing. But it is important to keep in mind that the aggregate turnover of an sample MNC company has increased 22.9% as compared to 34.5% for Indian companies. This could be attributed to

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-1161193104585062812006-10-18T23:06:00.000+05:302007-02-26T22:24:49.073+05:30

CTata, buy buyTata steel is continuing its buying spree after it announced its plans to buy the world’s eighth largest steel maker Corus for close to $ 8billion. We had earlier seen Lakshmi Mittal creating its steel emprire by aggressively taking over other companies. In the last two years Tata steel made its expansion plans clear by acquiring companies like Singapore’s Natsteel and Thailand’s

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-1161005009808048252006-10-16T18:52:00.000+05:302007-02-26T22:26:25.156+05:30

Sensex touching alltime highSensex today closed at 12,928 up 191 points after touching the lifetime high of 12,968. TCS also showing a good Q2 net profit up 14.91% at Rs. 991 crores. HCL numbers to soon hit the market. TCS is showing volume growth of 50.5% YoY and 10.8% quarter on quarter. The operating margin of the company improved by 300 bps; mainly due to exchange rate and offshoring. TCS

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-1160579797813234802006-10-11T20:46:00.000+05:302007-02-26T22:30:44.509+05:30

fInfosys Performs WellInfosys touched a high of 2,024 in the intraday trading and closed at 1,980 up 73.80 or 3.87%. The net profit of the company increase by 17%. The Operating margin of the company was at 32.13% an increase of over the previous quarter due to the economy of scale. Infosys is clearly able to outperform competitors like TCS, Satyam, and Wipro. Karvy is giving a target for

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-1160506040475386332006-10-11T00:09:00.000+05:302007-02-26T22:46:06.992+05:30

Earning Season to StartMost analys are optimistic about the Q'2 earnings after the sensex gained its grounds in the last three months (up 16% for the quarter). The sensex is very close to the May levels after the decline below 10,000. According to study by Motilal Oswal of 127 companies for the next quarter sales projected to increase by 27%, EBIT by 39% and net profit also by 39%. This quarter's

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-1158244050115167852006-09-14T19:35:00.000+05:302007-02-26T22:32:10.667+05:30

Metal Stocks to LooseOver the last week the metal stocks have declined by close to 6%. This is due to the bear run in the various metal commodities in the international market. The brokers believe that many hedge funds who invested in commodities are selling and this would continue for a while pulling down the metal prices further down. There is also a speculation of cooling off of the Chinese

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-1156189110658711292006-08-22T01:05:00.000+05:302007-02-26T22:33:45.757+05:30

GSugar Party Over!For last two years we have seen a bull market in comodities market. Sugar companies have enjoyed double digit profit growth on the back of increase in the global sugar prices. Commodities market follow a cyclical demand, where prices first go up and then the companies start investing in new facilities resulting in more supply and eventualy the prices start falling. So it could

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-1155459500004803442006-08-13T14:00:00.000+05:302007-02-26T22:35:50.647+05:30

Interest Rates RisingUS FED Reserve had been constantly hiking interest rates due to high inflation fuelled by the heating up of commditities prices. And Globaly central banks were trying to match US FED by doing the same. In India also RBI started taking a harder stance by revising the REPO and Reverse REPO rates. Last month the rates were increased by 25 basis points. This has lead to increase

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com1tag:blogger.com,1999:blog-19364174.post-1154014278970968592006-07-27T21:00:00.000+05:302007-02-26T22:37:14.902+05:30

SBI Margins Improve but Q1 net fallsSBI reported a net interest margin of 3.37 percent comparede with 3.14 percent a year earlier, adjusting for one-time income. The margins improved because of the decline in the cost of deposits to 4.47 from 4.82 a year earlier and its average yield on loans rose to 8.49 percent from 7.80 percent. The Net interest income fell 8.7 percent to Rs. 38.84 bill from

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com1tag:blogger.com,1999:blog-19364174.post-1153938298793478942006-07-26T23:53:00.000+05:302006-07-26T23:54:59.126+05:30

M&M up by 7 %Mahindra is the world's fourth largest tractor maker in the world. It was formed in 1945 to make Chrysler Jeeps in India. Now Mahindra has a joint venture with China's Jiangling Motors and is looking for lucrative acquisitions in Europe after bid for Romanaia's Tractorul Brasov failed. It also had a $80 million joint venture with Navistar Inc. International Truck and Engine Corp. to

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-1153330835430891182006-07-19T23:08:00.000+05:302006-07-19T23:10:35.693+05:30

Lowest in 4 weeksMarkets today hit their lowesr in four weeks due to the concern that the falling rupee might slow down the FII investment. the indian rupee hit its three-year low of 47 per dollar. The higher crude oil prices due to the tentions in the middle east was also another reason for the fall. The index is down 21% from its may peak and the FII's have trimmed their net investments to $

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-1153035455376870672006-07-16T13:04:00.000+05:302006-07-16T13:07:35.613+05:30

Markets to RallyThe positive corporate earnings are one of the main reasons for the main reasons which will pull the market up in this quarter. The major negatives for the markets are the increase in the global crude oil price. The crude oil prices have now touched $ 78 from close to $ 70 some time ago. If the crude oil touches $ 70 then we might see some type of rally taking place.In this

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-1152903953666474652006-07-15T00:35:00.000+05:302007-02-26T22:38:14.400+05:30

Infosys Beats ExpectationsInfosys on 12 th july posted yet another stellar quarter of growth well above the earning guidelines provided by the company. The revenues of the company grew by 14.9% and the profits grew by 18.9%. The only disappointment was the operating margin of below 30%. The hike in the salaries for employees and higher cost for visa were the main reasons for the decline of the

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-1151350679698636942006-06-27T01:07:00.000+05:302007-02-26T22:39:20.458+05:30

Mega Charity Fund CreatedWarren Buffett just hours ago held press conference with Bill Gates and Melinda Gates pledging to donate $37 billion or 85% of his total wealth ($44 billion) to charity. Majority of this charity would go to Bill and Melinda Gates Foundation and the rest to other four foundations.The philanthropist Buffett in his usual style commented that he is good at managing money

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-1151160701523757532006-06-24T20:19:00.000+05:302007-02-26T22:40:48.748+05:30

Commodity Watch: CopperGlobally the demand for copper is increasing with its wide uses in industries. The global market for copper has recorded a growth rate of close to 4% in FY 06, in India this growth rate is near 8% and in China growth is in double digits. It is amazing to see that these rates do correspond to the GDP growth rates.The Copper along with other base metal commodities like

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-1151070004467367022006-06-23T19:05:00.000+05:302006-06-23T19:10:05.203+05:30

Market RecoversToday the markets opened lower and were down till noon because of the fear of the interest rate hike due to the inflationary preassure. Later towards the close of the day there was a turnaround with Sensex and Nifty both gaining above one percent.The stock market was greatly affected by the increase in the inflation from 4.72% to 5.24% with a week. For more information go to

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-1150201233509460922006-06-13T17:45:00.000+05:302007-02-26T22:42:01.818+05:30

Sensex on Year's LowestThe stock markets openned low on Monday this was another day of selling with no buyers having courage to hold on to their investments. The Sensex was hit by close to 420 points and the Nifty by 120 points. This Mid-cap and the small caps were the worst hit in todays markets, with many companies falling close to 10% and falling to their 6 month lows. This selling preasure

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-1149536839539246142006-06-06T01:15:00.000+05:302007-02-26T22:43:47.863+05:30

Down on MondayThe markets plunged further on Monday, with all sectoral indexes falling sharply. The Sensex was down 2.28% (237.9) at 10,213.4 and the NSE Nifty down 2.4% (74.7) at 3061.6 at the close of the trading hours. Quick Look at Market Percentage Decline BSE Metal Indexstyle="text-align: right">3.68 % Oil $ Gasstyle="text-align: right">2.68 % FMCGstyle="text-align: right">2.5 % Hindustan

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-1149091608018690882006-05-31T21:36:00.000+05:302007-02-26T22:42:47.627+05:30

FII Outlook of Indian Markets Everyone knows that the FII are quick at selling off their position in the indian stock markets. Up till now everone only had anecdotal evidence of this. Now we have the latest report on FII movements of the Japaneese Fund Managers in the Indian stock market.Reports of 31st May shows that the Japanesse investors sold net $ 200 mill to $ 300 mill. The major FII seller

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-1148494645310672092006-05-24T23:45:00.000+05:302006-05-24T23:47:26.896+05:30

Markets: Remain BearishThe Markets had yet another turbulent day where the indeces went up and down with huge amount of buying and selling. After yesterdays recovery everone was expecting furthur upswing in the markets. Today the Benchmark BSE Sensex closed 249.63 points lower at 10,573 (-2.31%) and the NSE closed at 3,115.53 with 83.80 point (2.62%) decline. The advance decline ratio at the NSE

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-1148408491342462342006-05-23T23:48:00.000+05:302006-05-23T23:51:31.516+05:30

Global Comparison of CorrectionsIndian stock markets have seen huge corrections in past few trading days. This is no reason to panic because in the last five trading days the Global especially the emerging markets have seen sharp corrections. The Indian Stock market just saw close to 2000 point correction. According to Investment Guru's like Mark Faber the recent uptrend in the commodities market

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-1148322189816293642006-05-22T23:50:00.000+05:302006-05-22T23:59:40.086+05:30

Sensex Biggest Ever Fall The Sensex fell 1,111 points in the intraday trading today. This is the biggest ever fall, after the 826 point drop of thursday. The biggest reason for this fall is the open interest position that was created by the brokers. After a decline of arround 500 points 11:30 the market plunged to 9,829 at 11:55 crossing the 10% circuit breaker. The trading was stopped for one

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-1146857937069640992006-05-06T01:07:00.000+05:302006-05-06T01:09:02.986+05:30

IPO Watch: Reliance Petro IPORPL has attracted many investors who are willing to invest for long term in the company. The Stock Holding Corporation of India (SHCL) has said that many small investors have opened a demat account only to subscribe to the issue. According to Dr. Kislay Kishore, head of business development at SHCL close to 50,000 new demat accounts were opened during the last few

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-1146585112665263892006-05-02T21:19:00.000+05:302006-05-02T21:21:52.753+05:30

Sector Watch: ITThe IT sector has underperformed the Sensex in FY06. But hopefully this is set to change next year.In the past three years the Sensex has given a return of 295% in comparison to the 297% return of the BSE IT index. But in FY06 the IT industry was only able to give a meager return of 51.9 % compared to a spectacular 82% by the BSE Sensex. This underperformance of the IT sector was

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-1139494690104161382006-02-08T07:43:00.000+05:302006-02-09T21:49:04.720+05:30

BSE Sensex at 10,000 !At last the share market has crossed the 10,000 barier, sending a sense of euphoria amoung brokers and investors accross India. No one could have predicted that the markets are going to hit the 10,000 mark so early in this year. This pre-budget rally is notable because of the strong fundamentals of the Indian Business and Economy. We have seen many bull markets in the last

shikhilhttp://www.blogger.com/profile/03246817753443758053noreply@blogger.com0tag:blogger.com,1999:blog-19364174.post-1138217270323796422005-11-26T00:50:00.000+05:302006-01-27T02:29:49.880+05:30

BSE: IntroductionThe Bombay Stock Exchange is one of the oldest stock exchanges in Asia. It was started in 1875 as the "Native Share and Stock Broker's Association." The exchange provides an efficient securities market and also upholds the interestes of member brokers. It is important that investors making valuable investments gather necessary information regarding their rights protections

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