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Economy
Tracked by: 0 Boarder
No I will not panic. My portfolio has enough of defensive stocks like HUL, IGL, ITC. Other are reasonable dividend yield paying stocks. I also believe in PM, FM& Governor RBI and also in their capability to steer the country on a high growth path. Global melt down has effected many countries with very high inflation,like 25-30%, adverse balance of payment and very low growth rates. India has second highest growth rate inflation is now under control & 08-09 may end with a growth rate of around 8%. I am a long term investor therefore, no worry. I am trying to raise some money. If I succeed I will buy blue chips like RIL, RPL, IGL, GAIL, Moser Baer and Suzlon on a medium to long term perspective. In final analysis I will go for dividend yield, a debt free co and management of repute.I will not panic. I request other boarders for their valuable comments. ...
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At the present scenario in the stock market, several investors hurt by huge losses even mutual funds not spared. So FM will come forward to give relief by way of granting loan to meet the crises through banks/brokers at least for short term. Besides govt. must appoint investment consultant to invest in stocks at resonable rates to reduce burden on the investors to keep faith in the market....
In reply to:
Indian banks well capitalised: FM
Posted by :
MMB Messenger
Finance Minister P Chidambaram said the government will address the liquidity problem, reports CNBC-TV18, quoting NewsWire18. However, he was quick to add that Indian banks are well capitalised and the Reserve Bank of India, or RBI, has been asked to provide adequate liquidity.
Tracked by: 0 Boarder
Do`s and Don`ts
The most important advice which can be given is `dont do anything`. Just dont watch any news and dont try to fish for the bottom. However, if you have ample cash in hand, then a percentage in your money should be in equity (definition is 100 - your age should be the percentage to put your money in equity). By this definition, if you are under invested and if you are ready to invest for a time horizon of 10 years, then this is the right time to invest. Invest your money in blue chip stocks like ICICI Bank, India Bulls Financial, TCS, Reliance Industries, Mundra Port, DLF, Suzlon Energy. Please DO NOT track your investments. Treat them as your fixed deposit and forget for at least few months. You will be winner in your old age. The stocks recommended as above may not touch their current levels in future.
Actual crisis is in financial world in USA and Europe. Sub prime mortgage loans have become delinquent as underlying asset/home is not have less value that the loan amount (exposure). Further many investment banks / other banks have securitised these debt obligations and sold in so many forms (CDO / CLN / CDS) and had purchased these securities too. Due to extreme complexity of the financial products it was immpossible to trace the actual underlying asset (homes). These exposures of banks have multiplied many folds. Even when there is very low slide in value/sentiments of underlying, these investment banks had to collapse.
India has no such exposure.
Then, is there any logic in not buying Reliance at current level?. Why are we selling ICICI Bank , Suzlon in India?. This is a mad cry. Remain invested and dont track regularly. Indian story is bullish, real invesments in pipeline are huge and our banking sector has no multiplied exxagerated exposure on any assets, actually we dont have such product very common in India like CLN/CDS/CDO.
Just dont panic and dont do anything. These are paper gains and paper losses. We were neither rich nor have become poor. We will remain rich 10 years donw the line. Just believe in your self.
REMAIN FULLY INVESTED, BUY BLUE CHIPS IF YOU HAVE CASH, DONT TRACK YOUR INVESTMENT, DONT FOLLOW NEWS, DONT DO ANYTHING.
Just ENJOY. You will WIN. Happy Dussehra.
Regards,
Sunil Singh ...
In reply to:
Economic crisis-Dos and don’ts ...........
Posted by : latikav
Dos and don’ts
• Economic crisis. market meltdown. rising interest rates. rising inflation... times are, indeed, tough. Here are 10 recommendations on what you should and shouldn`t do to keep your financial health on track.
What you should do
• Follow the news. Swinging markets and new regulatory initiatives... things are changing quickly. Each development affects different sectors differently. Follow the financial media-and Business Today`s Money section, for instance-to keep abreast of the latest developments in India Inc. and for advice on how to profit from them.
• Get your finances in order. There has never been a better time to make a budget and start paying off your debt and credit cards, personal loans, etc. If possible, transfer your loans from a bank that`s charging a higher rate of interest to one that promises a cheaper rate.
• Rethink your plans to retire. If you`re expecting to retire soon, consider holding off for a while, if possible, until things calm down. That will give you time to reassess and, if need be, modify your plans.
• Call your financial adviser. With end-of-the-year tax planning an annual ritual, now is a good time to make an appointment with your tax adviser, no matter what the economic outlook. He or she may have some advice on how to tweak your finances as you ride out the current storm.
What you shouldn`t do
• Bail out. Dumping your stocks or equity mutual funds now, when values are especially low, will guarantee that you turn paper losses into real ones. Even if there`s more downside to come, staying on course often pays off during times of economic uncertainty.
• Stop saving. Those regular contributions you`ve been making to your savings or retirement accounts are an important part of good financial discipline, and there`s no reason to stop them now. We`ve long recommended the virtue of making regular, monthly savings. Continue this habit, even if it means cutting down on other things. like the weekly family outing, or that after-office drink with friends.
• Speculate. While lower prices of shares, create opportunities, speculation can get you into big financial trouble. Avoid it.
• Take on new debt. Be careful about acquiring new debt. Economic downturns can affect job stability and investment incomes, making it difficult to determine how much debt you can handle. If you must borrow, say, to put a child through college or to buy a house, be doubly sure that you`ve examined all the options and risks.
• Stop living. Although these times demand extra caution, there`s such a thing as over-reacting. So, don`t overreact. Reflect carefully and, where necessary, adjust. But don`t stop enjoying the little things of life. You`ll only make yourself sad.
Business Today..........
Tracked by: 0 Boarder
what is share of India`s capital market( N.S.E. AND B.S.E. INCLUDED) compared to GLOBLE CAPITAL MARKET IN RUPEE TERMS? CAN ANY BODY ADVISE? THANKS...
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New Delhi: The Finance Minister, Mr P. Chidambaram, has said that India can still end the current year with a growth rate of 8 per cent despite the financial turmoil across the world.
“I am confident that in 2009-10, the growth rate will bounce back to 9 per cent,” Mr Chidambaram said at the NDTV Business Leader of the Year Awards function here on Monday evening.
Stating that India would to some extent get affected, but indirectly, by the storm blowing across the world, Mr Chidambaram however highlighted that Indian business and industry had placed the country in a situation “where we can weather the storm”.
Indian business and industry has seized the opportunity provided in the last seventeen years to bring about a transformation in the Indian economy, he added.
“We will remain vigilant. Our regulators have shown great agility. You saw SEBI move quickly earlier this evening and RBI also moved quickly immediately thereafter,” he said.
On the cumulative investments of Indian industry and business, Mr Chidambaram said that the estimated cumulative investment at end June 2008 was Rs 66,77,278 crore as against Rs 44,58,840 crore at the end of June 2007. In the first quarter of the current year, new investments amounted to Rs 5,14,266 crore. In July 2008, there was a further investment of Rs 2.13 lakh crore and in August 2008 there was an investment of Rs 1.32 lakh crore.
Source : Hindu Business Line...
Tracked by: 0 Boarder
US can learn from the Indian experience. We have introduced Debt Waiver and Debt Relief Scheme. Taking a clue from this, US can also do the same for their impaired housing mortgages....
In reply to:
Indian banks well capitalised: FM
Posted by : MMB Messenger
Finance Minister P Chidambaram said the government will address the liquidity problem, reports CNBC-TV18, quoting NewsWire18. However, he was quick to add that Indian banks are well capitalised and the Reserve Bank of India, or RBI, has been asked to provide adequate liquidity.
Tracked by: 0 Boarder
More corporates like oil companies are taking loans through cash credit limit. Cash credit limit is similar to savings account which companies use for their working capital. The banks are offering loans at prime lending rate or 2 bps below PLR. So it’s anywhere between 12-13%.
...
Tracked by: 0 Boarder
Till recently he has been assring th investors from 21000 sensex levels and now suddenly not interested to suggest investors but telling no panic and also suggesting to investors to take informed decisons instock market investments.... he would have spoken these words when the sensex was well above 20000 levels....
He is telling he has many weapons to stabilise the stock markets,but not using them when the investors are bleeding on the street.... most hopeless FM that india cant see for ever,regarding stock market issues.......
In reply to:
Indian banks well capitalised: FM
Posted by : MMB Messenger
Finance Minister P Chidambaram said the government will address the liquidity problem, reports CNBC-TV18, quoting NewsWire18. However, he was quick to add that Indian banks are well capitalised and the Reserve Bank of India, or RBI, has been asked to provide adequate liquidity.
Tracked by: 0 Boarder
Rate Cuts Don\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\`t Change Underlying Realities...
In reply to:
Fed cuts discount rate by 50 bps to 1.75%
Posted by : MMB Messenger
Fed discount rate has been reduced by 50 bps to 1.75%, reports CNBC-TV18. The Fed said that inflation expectations and financial crisis has increased downside risk to growth. Also the economic pace of activity has slowed markedly, it said.
Tracked by: 0 Boarder
it is now 1.5% and not 1.75%...
In reply to:
Fed cuts discount rate by 50 bps to 1.75%
Posted by : MMB Messenger
Fed discount rate has been reduced by 50 bps to 1.75%, reports CNBC-TV18. The Fed said that inflation expectations and financial crisis has increased downside risk to growth. Also the economic pace of activity has slowed markedly, it said.
Tracked by: 0 Boarder
Hope and pray that the FM is correct...
In reply to:
Indian banks well capitalised: FM
Posted by : MMB Messenger
Finance Minister P Chidambaram said the government will address the liquidity problem, reports CNBC-TV18, quoting NewsWire18. However, he was quick to add that Indian banks are well capitalised and the Reserve Bank of India, or RBI, has been asked to provide adequate liquidity.
Tracked by: 0 Boarder
Finance Minister P Chidambaram said the government will address the liquidity problem, reports CNBC-TV18, quoting NewsWire18. However, he was quick to add that Indian banks are well capitalised and the Reserve Bank of India, or RBI, has been asked to provide adequate liquidity.
...
Tracked by: 0 Boarder
Fed rate is now down to 1.50% and not 1.75% as noted here...
In reply to:
Fed cuts discount rate by 50 bps to 1.75%
Posted by : MMB Messenger
Fed discount rate has been reduced by 50 bps to 1.75%, reports CNBC-TV18. The Fed said that inflation expectations and financial crisis has increased downside risk to growth. Also the economic pace of activity has slowed markedly, it said.
Tracked by: 0 Boarder
Fed discount rate has been reduced by 50 bps to 1.75%, reports CNBC-TV18. The Fed said that inflation expectations and financial crisis has increased downside risk to growth. Also the economic pace of activity has slowed markedly, it said.
...
Tracked by: 0 Boarder
Allowing Lehman Brothers to fail last month was a major mistake for the equilibrium of the global financial system, French Economy Minister Christine Lagarde said on Wednesday, adding that France would not abandon its lenders.
Seeking again to reassure the public as the financial crisis deepened and European stock markets braced themselves for fresh falls, Lagarde told French radio the Government would back financial institutions threatened with bankruptcy.
Lagarde described as "horrendous" a decision by US Treasury Secretary Henry Paulson to allow Lehman Brothers to file for Chapter 11 bankruptcy protection on September 15 rather than try to rescue it.
"For the equilibrium of the world financial system, this was a genuine error," she told RTL radio.
-I E News
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Udayan's Market Outlook
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Investors should stay in cash, not sell in panic | |
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| Udayan Mukherjee, Stocks Editor, TV18 | ||
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