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Prakash Gupta, CEO of Core Projects said that the promoters’ holding in the company was intact and that no margin calls had been triggered. He attributed the fall in share prices to the unwinding of HNI positions....
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hembhat-All that you say is a distinct possibility!!...
In reply to:
IIP at Aug at 1.3 agaist 10.9% (YOY)
Posted by :
hembhat
I suspect that investors sold today in the rising market. Such bounces do take place but are not indicator of trend. Market was heavily sold that SEBI just said that it may think of banning short sales, so shorts were covered. I am now afriad that SEBI will not do anything after good bounce back. By October end Nifty may touch 3000. Dow will recover tonight. But here tomorrow at Nifty 3550 shorts will be created. FIIs are still in sale mode and they have holding of $ 90 Bn still. So another $ 10 Bn outflow is not ruled out in the next 2 months. Midcaps are very dangerous at this stage. Front liners would be sold by FIIs but there is liquidity in them. DIIs can always buy them. 
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These statements by Mr.Kamath is very good and assurance that great bank like ICICI bank are made once in Century.Its very unpatriotic that some brokers are talking bad about this bank and also spreading bad rumors.I doubt the credibity of these brokers..how much they know about ICICI bank and about there exposure..they are unnecesaarily spreading rumors..government should send clear message to these brokers to be careful about spreading rummors..if they are found culprit..they will be send behind bars..as what they are doing is very unpatriotic...they are spreading rumors about other institution..Our Country need bank like ICICI bank , which can compete with other banks in the world...Cheers to Mr.KV Kamath..Keep it up ..we investors are with You SIR...Count us.....
In reply to:
Rumours intended to destabilize ICICI Bank: KV Kamath
Posted by : MMB Messenger
KV Kamath, Managing Director and CEO, ICICI Bank, feels the anatomy of rumours suggest they are intended to destabilize the bank.
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I suspect that investors sold today in the rising market. Such bounces do take place but are not indicator of trend. Market was heavily sold that SEBI just said that it may think of banning short sales, so shorts were covered. I am now afriad that SEBI will not do anything after good bounce back. By October end Nifty may touch 3000. Dow will recover tonight. But here tomorrow at Nifty 3550 shorts will be created. FIIs are still in sale mode and they have holding of $ 90 Bn still. So another $ 10 Bn outflow is not ruled out in the next 2 months. Midcaps are very dangerous at this stage. Front liners would be sold by FIIs but there is liquidity in them. DIIs can always buy them....
In reply to:
IIP at Aug at 1.3 agaist 10.9% (YOY)
Posted by : chief_kamani
hembhat-From today things could have changed as Investors are nibbling in at lower levels!!
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I think this is a very good article to read for the people who have been acting in panic against there deposits in ICICI bank . People do read it carefull and try that someother cannot take advantage of it....
In reply to:
Rumours intended to destabilize ICICI Bank: KV Kamath
Posted by : MMB Messenger
KV Kamath, Managing Director and CEO, ICICI Bank, feels the anatomy of rumours suggest they are intended to destabilize the bank.
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at current levels it is a good buy with a long term view....
In reply to:
Rumours intended to destabilize ICICI Bank: KV Kamath
Posted by : MMB Messenger
KV Kamath, Managing Director and CEO, ICICI Bank, feels the anatomy of rumours suggest they are intended to destabilize the bank.
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hembhat-From today things could have changed as Investors are nibbling in at lower levels!!...
In reply to:
IIP at Aug at 1.3 agaist 10.9% (YOY)
Posted by : hembhat
Market has reached capitulation stage. It may remain in coma for few months. Budget 09 and Q-4 results in April 09 would be the key events. Market may go up prior to budget but budget would prove to be a damp squib. Midcaps will take a year to reach levels of 30% from todays level, as further fall is expected on Monday onwards.
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Everything about the financial crisis need not be depressing. People are finding humour in the middle of the stocks meltdown, although punters who have burnt their fingers and much more would find it rude.
Mobile phones are abuzz with funny SMSs doing the rounds about the financial storm and the stocks crash.
Consider this SMS that goes: \"Markets are set to regain 20,000 mark... (But only if) Sensex, Nikkei and Hang Seng are put together at 5,000 points each, NYSE Composite at 1,000 points, Dow Jones Industrial Average at 3,500 and Nasdaq at 500 points.\"
In the real world, Sensex is still above 10,000-point mark, but has nearly halved from its record high level seen early this year, DJIA has dipped to near 8,450, Nikkei is trading near its 20-year low at over 8,000 points.
There are also jokes online like \"Black Mondays used to be a once-in-a-lifetime event. Now they are coming along more regularly than Delhi Metro trains.\" Another SMS doing the rounds says: \"Respected Sensex Sir passed away on October 10, 2008 after not keeping well for nine months. The last rituals would be conducted at Lehman Brothers\` place.\" Another talks about the companies\` balance sheets: \"Assets are written on the left and liabilities on the right side. But, there is nothing left on the right and nothing is right on the left.\"
The market value of all the listed companies in India has nearly halved to about Rs 36.5 trillion from the level seen about nine months ago on January 10, the date when Sensex had scaled its record high of 21,206.77 points.
Another joke doing the rounds says that Raj Thackeray is ready to allow non-Mumbaikars to stay in the city, but it would be mandatory for them to invest in the stock market. There are also some other jokes with political flavour: \"Bankrupt allowed to return to their native place without ticket, says Railway Minister Lalu Prasad; Bankrupt to be given imported wheat free on ration: Agriculture Minister Sharad Pawar; Stock market losses to be treated as tax deducted at source: Finance Minister P Chidambaram.\"
There are also SMSs like \"blockbuster Saare Zameen Par (everyone bites dust) enters into 10th straight month at BSE and NSE multiplexes.\" Another one says: \"When the Sensex was at 21,000, the stock of a single real estate company was ruling close to Rs 1,500. Today, you can get entire sector for the same price and with Lehman Brothers having invested in the sector, further bargain is expected.\"
About global developments also, humour abounds about the crisis and one such joke has gone to the extent of Iceland being auctioned on eBay at a starting price of 99 pence. Some British papers have reported even British Prime Minister Gordon Brown trying his hand at such humours. While giving a speech in London, he quipped on hearing a mobile phone ring, \"I don\`t know if another bank has fallen.\"
Taking a dig at government\`s rescue packages, one says: \"All sports stadiums in USA currently named for banks, insurance companies, or financial institutions will have to be renamed \"Federal Reserve Park.\"
There are also some definition SMSs: Markets are the places where two types of people meet up in the morning: those with experience and those with money. Towards the end of the day, they exchange their assets and go home.
One defines a bear market as a phase when investor mistakes himself for a financial genius and a bear market as a period when kids get no allowance, wife gets no jewellery and the husband shoots himself on the trading floor.
One more on bull-bear theory says: There used to be bulls and bears in the market, now every one is a plain old ass. Another one defines P/E ratio as the percentage of investors wetting their pants as the market keeps crashing.
\"The market may be bad, but I slept like a baby last night. I woke up every hour and cried,\" talks about the plight of investors, while one comes in form of a tip: October is one of the peculiarly dangerous months to invest in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.
Then a conversation has been visualised like this in one SMS: How many stockbrokers does it take to change a light bulb? Answer is two -- One to take out the bulb and drop it, and the other to try and sell it before it crashes.
-et
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hembhat-You are right!!
...
In reply to:
IIP at Aug at 1.3 agaist 10.9% (YOY)
Posted by : hembhat
One must diligently keep aside 20% of his profit in Bank FD every year. This is applicable to all persons above 40.
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Companies scheduled to announce earnings for the quarter ended September 30, 2008 today are -- AXIS Bank, BASF India , Betala Global Securities, DCM Financial Services, Indo Tech transformers , Kaiser Press, Orbit Corporation, Refex Refrigerants , Repro India, Tata Investment Corporation-et...
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We know that icici is the he helthy bank but rumour ???? no one can stop....
In reply to:
Rumours intended to destabilize ICICI Bank: KV Kamath
Posted by : MMB Messenger
KV Kamath, Managing Director and CEO, ICICI Bank, feels the anatomy of rumours suggest they are intended to destabilize the bank.
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Oil companies issue notice to airlines, asking them to clear
their dues for aviation turbine fuel already purchased, failing which further
supplies will be suspended. (BL)
...
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* Earnings for quarter ended September to be detailed by:
AXIS Bank, BASF India, DCM Financial Services, Orbit Corp, Repro India, Tata
Investment Corp
* Board Meetings of: Antarctica Ltd, Educomp Solutions, K Sera Sera
Productions, Organic Coatings, Sunitee Chemicals.
...
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Select power and capital goods sector moved up after India and the US signed the 123 agreement ending India`s nuclear isolation and capping the three-year dramatic journey of the nuclear deal.
Reliance Infrastructure (up 7.90% at Rs 556), Rolta India (up 7.90% at Rs 158.35), Crompton Greaves (up 6.07% at Rs 196.50), Larsen & Toubro (up 5.49% at Rs 938), Hindustan Construction Company (up 5.27% at Rs 49.90), ABB (up 4.47% at Rs 670), National Thermal Power Corporation (up 3.96% at Rs 172.10), Bharat Heavy Electricals (up 3.79% at Rs 1396.85), ONGC (up 3.29% at Rs 946), Walchandnagar Industries (up 2.75% at Rs 145.75), and Tata Power Company (up 1.42% at Rs 785.70), flared up.
Areva T&D was down 0.77% at Rs 991.15.
ONGC, as per recent reports, will shortly tie up with Uranium Corporation of India for exploring and mining uranium.
As far as Larsen & Toubro is concerned the company has done engineering, procurement and construction projects for nuke power plants. It is currently working on the 2,000 megawatt Kudankulam nuclear project.
Bharat Heavy Electricals supplies up to 500 megawatt of equipment to Nuclear Power Corporation. It has an existing tie-up with Siemens for nuclear technology.
National Thermal Power Corporation is reportedly in talks with Nuclear Power Corporation of India for setting up a 2000 megawatt nuclear plant.
Areva T&D is reportedly looking at a plant for uranium mining and recycling. The plant would be set up after nod from Nuclear Power Corporation.
Alstom Projects India already makes nuclear reactors and rotors. Its parent company is a world leader in conventional nuclear projects. It makes turbines for nuclear power stations.
Rolta India along with its joint venture Stone and Webster provides reactor-building technology. Stone & Webster’s parent has 20% in Westinghouse Electric, a nuclear reactor maker.
Gammon India has reportedly undertaken turnkey construction for nuclear projects.
Hindustan Construction Company has reportedly constructed four nuclear power projects in India. It is an engineering procurement and construction contractor for nuclear projects.
ABB makes components for power projects. Its parent company’s exposure includes new nuclear power plants, systems and components.
Crompton Greaves works with Nuclear Power Corporation of India. It has reportedly completed a switchyard for nuclear project.
Walchandnagar Industries makes critical equipment for India’s nuclear power facilities.
Reliance Energy reportedly plans to invest additional Rs 12,000 crore in nuclear power capacity. It plans to install 2000 megawatt of nuclear power capacity.
Tata Power Company has reportedly tied up with some major nuclear equipment suppliers like Areva. It already has a relationship with Toshiba.
External affairs minister Pranab Mukherjee and US secretary of state Condoleezza Rice inked the Indo-US nuclear agreement at a ceremony at the Benjamin Franklin Room of the State Department in Washington on 11 October 2008 with a mention of the domestic difficulties faced by both Prime Minister Manmohan Singh and US President George W. Bush in the last three years.
With an eye on the domestic constituency, Mukherjee also made it a point to clarify that the 123 agreement was ‘legally binding’ on both India and the US and that it reflects a careful balance of rights and obligations.
The nuclear deal will give India access to US nuclear fuel and technology without joining the 1970 Nuclear Non-Proliferation Treaty. It is potentially worth billions of dollars to US and European nuclear supplier companies and would give India more energy alternatives to drive its booming economy.
The crux of the deal is that, India would open up 14 of its reactors to regular IAEA inspection, in return of which it would get to import civilian nuclear technology from US and buy nuclear fuel for its civilian reactors from the 45-member Nuclear Suppliers Group (NSG).
courtesy CM News
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What about malfunctioning of icicidirect,on regular basis.... why ebi/rbi not looking at that.... why top managemet never gives proper explanation about icicidirect retailers problmes.... i request media people to ask question on icicidirect whenever kamat/kochar talks on tv.......
In reply to:
Rumours intended to destabilize ICICI Bank: KV Kamath
Posted by : MMB Messenger
KV Kamath, Managing Director and CEO, ICICI Bank, feels the anatomy of rumours suggest they are intended to destabilize the bank.
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Nifty likely to go back 3700-3800 level | |
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