Offline
| Post a Message | Explore Forums | Browse Stock Messages | Hot Discussions | Top rated Messages | Top Boarders | |
|
|
|
Economy
Tracked by: 0 Boarder
PM manmohan singh says the growth may slow down to 7% due to external factors.... initially he projected double digit growth and then reduced to 9% after that now cutting down to 7% by blaming international financial crisis....
His top pririty is to minimise the effect of gloal financial crisis on indian economy.... ther is no clear picture how can he delink between india - american business relations which are tied stronger during his tenure....
He opined that indian IT sector will effect badly due to US crisis.... fii investments in the stock market could be reduced and thus effecting the indian corporates in the liquidity matters.... so,overall investments plans in india is disturbed with the international crisis....
Very challenging period ahead for him at final stages of his tenure as PM.... eveybody should congratualate him for succceeding in nuclear deals.......
Tracked by: 0 Boarder
India safe from global meltdown: Chidambaram-------------------------NEW DELHI: India's domestic market is safe from the global economic turmoil, Finance Minister P. Chidambaram said here on Tuesday, contradicting Prime Minister Manmohan Singh's statement to a French paper.
The domestic market is “safe, sound and attractive”, Chidambaram said outside North Block, the seat of the country's finance ministry.
Chidambaram, who did not rule out government intervention, if required, to protect investors' interests, added: “There is nothing to worry.”
The finance minister's assertion come on a day Prime Minister Manmohan Singh, on a two-day visit to France, was quoted by French daily Le Figaro as saying India was not immune to global financial upheavals.
"We live in an interdependent world and the fate of all countries is related to international financial system. Our value markets are open to the world and if they are affected, this will affect our capacity to finance our development," Singh told the paper.
Taking a contrary stand, Chidambaram said: "The Indian market is a sound, safe, attractive and well regulated market. The government is closely monitoring the situation. There are adequate regulations in place."
He also dismissed concerns over foreign institutional investors (FIIs) withdrawing from the capital market. "I do not think all of them are selling. Nor do I think they are selling all the time," he said.
Chidambaram said FIIs would continue to buy as the "Indian market is still very attractive and well regulated".
The finance minister on Tuesday held a series of meetings with senior ministry officials and advisors to discuss the current market situation.
He also met C.B. Bhave, chairman of market regulator Securities and Exchange Board of India (Sebi).
Earlier in the day, Bhave said there was no need for imposing a ban on short sales as existing regulations were adequate to deal with any volatile situation.
"If evidence is found against any firm circumventing short selling norms, severest action will be taken," the Sebi chief said to calm market jitters, triggered by reports that the US House of Representatives had rejected the Bush administration's $700-billion bailout plan on Monday.
“Sebi is closely monitoring the situation and has verified with the stock exchanges that there are no settlement issues,” he said.
Bhave's attempts to pep up the market appeared to calm investor sentiments to some extent as the equities markets, after opening very weak, recovered and finished in the green.
He said existing regulations allowed only retail short sales and that too on a T+2 basis. That means if there is short sale, the trader will have to deliver within two days of the trade.
Thus, the scope for building up speculative positions was limited and no ban on short sales was called for immediately.
“If the situation demands, regulations will be reviewed and appropriate measures taken,” the Sebi chief said.
Also, at present, the rules regarding short sales by domestic or foreign investors require that if they short sell, they must do so by borrowing the stock on the stock exchanges.
Hence, again there is not much scope for building up speculative positions.
“At present, there are no volumes in the borrowing or lending markets,” Bhave said. “Therefore, there is no concern that institutions may be short selling in bulk.”
Maintaining that the Indian equities markets were resilient and that there was no need for panic, Bhave said: "The clearing system is capable of dealing with stock fluctuations. The clearing and settlement mechanism has been tested in times of great volatility.”
DNA............
Tracked by: 0 Boarder
An asset base of Rs4,84,000 crores is what\...
In reply to:
ICICI Bank has healthy capital position: Chanda Kochhar
Posted by :
MMB Messenger
Chanda Kochhar, Joint MD and CFO, ICICI Bank, said India’s largest private sector bank has a very healthy capital position, “We have also clarified that the capital adequacy not only of ICICI Bank but also of the subsidiaries are very comfortable." 
Tracked by: 0 Boarder
Chanda Kochhar, Joint MD and CFO, ICICI Bank, said India’s largest private sector bank has a very healthy capital position, “We have also clarified that the capital adequacy not only of ICICI Bank but also of the subsidiaries are very comfortable."...
Tracked by: 0 Boarder
It is time to revisit the Basel norms. The Financial Sector in the United States is guilty of ignoring these multi-lateral guidelines. The bail-out bill suffers from incorrect diagnosis and is therefore destined to fail in terms of restructuring the abused economy....
In reply to:
US bailout package rejected: Experts react
Posted by : MMB Messenger
George W Bush, President, USA said, “Our strategy is to continue to address this economic situation head on and we will be working to develop a strategy that will enable us to move forward."
Tracked by: 0 Boarder
George W Bush, President, USA said, “Our strategy is to continue to address this economic situation head on and we will be working to develop a strategy that will enable us to move forward."...
Tracked by: 0 Boarder
If there is a bailout of $700 billion then lots of money will be injected in to the markets leading to liquidation. If there is more money available , then inflation will grow and the dollar value will surely come down. if dollar value is down then crude oil will go to sky rocketing prices.. This is going to happen in future.....
In reply to:
Crude at 4.40/bbl; biggest 3-day gain since 1998
Posted by : Guest
hi vivek
how can u say that
can u give some specific reason
Tracked by: 0 Boarder
its going to be continuationof huge selloff in the US with no signs of concrete efforts in the huge crisis. only see more going down will begin to feel the heat of effects of imminent collapse of many banking, financial institutions with the ripple effects in various other areas. will not be surprised to see new all time lows for global markets also the recession taking the proportions of a depression going on for a very long period. ...
Tracked by: 0 Boarder
Let the natural strength come on its own. Any support provided by the treasury will have a short term affect. Long term stability will come naturally. Its a recession and not depression. Its surprising why Indian brouses react so sharply in response to global cues, taking into factor that India is a concuming economy, and top 100 companies are still grwoing at exponential rate....
In reply to:
US lawmakers reject $700-bn bailout plan
Posted by : MMB Messenger
US lawmakers in the House of Representatives on Monday voted against the biggest proposed government intervention in the U.S. economy since the Great Depression of 1929.
Tracked by: 0 Boarder
Finance Ministry / SEBI are keeping quiet on naked SHORT SALES INSPITE OF KNOWING VERY WELL THE GLOBAL /WALL STREET TURMOIL. If they have any interest in the small shareholders , then immediately ,
1. Short sales shd be banned for 3 months.
2. Circuit Filters for all shares should be brought to 5 % after initial 2 % barrier on the lower circuits.
3. BSE / NSE shd operate only for 2 hours for next 15 days.
4. FIIs shd be temporarily banned from repatriating Dollars till end of Dec 2008... See these FIIs played heavily in Futures and made money- destabilised Indian Eqty markets and now are running away with Dollars made in India... This is unfair.
5. NHPC / OIL India and other such PSUs shd be debarred from entering IPO market with small Eqty offerings , leaving majority stake with Govt... Since Govt is interfering with the Policies , Pricing and other Social objective decisions of PSUs due to their control , such issues shd not be allowed in IPO market , as the shareholders wont be benefitted ...
Tracked by: 0 Boarder
Its really a surprise that during such crisis time the bailout package has rejected. What could be the reasons for the rejections?
1. US house has lost faith in fund houses or banks or investment bankers & they think that the rescue plan wouldn\...
In reply to:
US lawmakers reject $700-bn bailout plan
Posted by : MMB Messenger
US lawmakers in the House of Representatives on Monday voted against the biggest proposed government intervention in the U.S. economy since the Great Depression of 1929.
Tracked by: 0 Boarder
US lawmakers in the House of Representatives on Monday voted against the biggest proposed government intervention in the U.S. economy since the Great Depression of 1929.
...
Tracked by: 0 Boarder
US house rejected bailout plan of USD 700 bn that means pain has to be experienced. Although India\\\'s internal domestic growth is robust & could even outperform next year, there are large doubts & heavy risks in some sectors which have US Inc. as their customers.
Offcorse all fingers go to IT, Tech sector which has tremendous strength & support due to US Inc. there could be heavy pessimism & panic related to these sectors as US domestic issues could reduce the further orders to these sectors. Also, If US democratic govt. comes then it would favor democracy\\\'s demand of reduction in IT outsourcing & spending to asian economies like India.
So, from my point of view even realty & banks are much better sectors in this financial crisisn than IT & Tech....
Tracked by: 0 Boarder
Mutual Funds have a greater responsibility to their investors. Most funds have a limit of cash they can hold. this may range from 10 to 25% of the total funds available on hand. So even if they continue to hold cash upto this limit, they still take a large hit when the market goes down on the invested amount.
In the interest of the investors, they prefer to stay in cash for this period till the market reaches a stability point.
...
In reply to:
why our economy faces free fall
Posted by :
sachindua
large no mutal fund cos holding a cash why there not use ing it & making losses to small investor as i am reading ether messages there using a word of freefall of 700 below nifty reaches 3700 as us is in troublence not our econmy
IIP numbers are good & Q2 results are also not disappointing. i think Fy2009\' GDP will be set between 7.5 to 7.8%. & if things get much better like interest rate unchanged & then cut by say 25 BPS 50 BPS then I think 8% target would be achieveed....
Poll
Udayan's Market Outlook
 |
Difficult to predict market direction | |
| ||
| Udayan Mukherjee, Stocks Editor, TV18 | ||
 |
Popular Boarders 7days| 229 | |
| 163 | |
| 100 | |
| 100 | |
| 94 | |
Top Tracked 7days| 704 | |
| 694 | |
| 459 | |
| 434 | |
| 351 | |
Prolific Boarders 7days| 405 | |
| 314 | |
| 264 | |
| 242 | |