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ICICI Bank
Dow falls more than 500 points-Take care.
Posted by :
Leave it.Tracked by: 0 Boarder
Dow falls 508 as panic takes over Wall Street
The Dow tumbles more than 5% in part because of Fed boss Bernanke`s gloomy economic outlook and continuing stress on financial companies.
The Nasdaq loses more than 100 points, and the S&P 500 drops below 1,000 for the first time since 2003.
Stocks fell to their lowest levels in five years today as fears grew about the global banking system`s ability to survive the worst credit crunch since at least World War II.
The Dow Jones industrials fell 508 points, or 5.1%, to 9,447. The Nasdaq Composite Index fell 108 points, or 5.8%, to 1,755, and the Standard & Poor`s 500 Index was off 61 points, or 5.7%, to 996.
Today`s close was the Dow`s lowest since Oct. 2, 2003; it`s down about one-third since peaking a year ago.
The Nasdaq`s close was its worst since August 18, 2003, and the S&P`s decline was its worst -- and its first close under 1,000 -- since Sept. 30, 2003.
Take your own cue for todays trading.
v.krishnamoorthy...
S O T projection for TODAY !
Posted by : DUstocksTracked by: 0 Boarder
As per the latest Speed of Trend (SOT) analysis, ICICIBANK will become OVERSOLD on 14th October, 2008 at 430.45.
SUPPORT & RESISTANCE LEVELS for TODAY, Wednesday, 8th October, 2008 :
R3 R2 R1 P S1 S2 S3
575.03 548.21 516.63 489.81 458.23 431.41 399.83
Please don`t interpret SOT figures in ABSOLUTE terms for setting up your trades, use them only for general directional guidance - all at your risk & responsibility of course. If you do not understand what SOT projections are all about, just ignore this post, rather than setting up your trade upon something you know nothing about.
...
Sell ICICI Bank, says Madan
Posted by :
rajen_bullishTracked by: 0 Boarder
cutting by 50bps hardly makes any difference.Last month there was a CRR hike of 125bps. cutting to 50bps points is not even half of the last months hike.
Please make sensible discussions here.
...
In reply to:
Sell ICICI Bank, says Madan
Posted by : Guest
exit ICICI Bank. Reserve bank to cut CRR by 50 bps is a sign that there is shortage of funds in the system. Bank like ICICI bank is in deep trouble.exit now............. 
NSE Announcements on ICICI Bank
Posted by : MMB MessengerTracked by: 0 Boarder
Members of the Exchange are hereby informed that the trading in the October 2003 Tax Saving Bond Sec 88 - Option III, Symbol - ICIBK1203, Series - N3 of ICICI Bank Ltd. shall be suspended w.e.f. November 07, 2008 on account of final redemption....
NSE Announcements on ICICI Bank
Posted by : MMB MessengerTracked by: 0 Boarder
Members of the Exchange are hereby informed that the trading in the August 2001 Money Multiplier Bond - Option II DDB, Symbol - ICICI0901, Series - N9 of ICICI Bank Ltd. (issued by erstwhile ICICI Ltd.) shall be suspended w.e.f. November 20, 2008 on account of final redemption....
BSE Announcements on ICICI Bank
Posted by : MMB MessengerTracked by: 0 Boarder
ICICI Bank Ltd has informed BSE that the Bank has allotted 20,551 equity shares of face value of Rs 10/- each on September 30, 2008 under the Employees Stock Option Scheme, 2000 (ESOS)....
bounce back can be sharper
Posted by :
kadiyaliTracked by: 1 Boarder
Pl do not expect any `bounce back` in any market - either US or India during Bearish Period. The world markets are in the grip of bearish sentiment, and there can only be short coverings. Any small pull backs will invite bear hammerings. I am not against this counter, and I know it is a good BUY for long term, but I am very much sure ICICI Bank will touch Rs 390 very shortly....
In reply to:
bounce back can be sharper
Posted by : ushah
Dont be so sure. Icici bank requires only one day to reach 550. Just one bounceback in the US markets or even a semblance of stability will cause our markets to rally atleast 3-4% and when that happens ICICI bank will rally atleast 10-12%.
Sell ICICI Bank, says Madan
Posted by :
winwathTracked by: 0 Boarder
house rates have come down - because those who have money for the downpayment do not want to borrow at these rates.
USA`s land area is a little over three times the size of India, however our population is 4 times that of the USA.
We can increase production of any commodity in the world. Land cannot be produced - so in this case - the supply of land remains same, only the demand fluctuates and that depends on events like high interest rates (fewer buyers) and low interest rate (more buyers).
When more buyers are in the market the prices tend to go up and in times like these the prices tend to go down.
...
In reply to:
Sell ICICI Bank, says Madan
Posted by : Guest
There is no doubt man ICICI Bank will coplas with in couple of years. I am not say that this time will colps but a take atime this is world finacial problem. Big Banks colpsed in USA dont think ICICI is not such bank Loans has been given like anything now House rates are come down No one ready to buy the houses It is very decult to sustain long run. If you have money this is right time to exit other it is very sad to ICICI account holders.
Reddy from AP
Sell ICICI Bank, says Madan
Posted by : winwathTracked by: 0 Boarder
LOL. U have a good sense of humor. No need to catch feet - save for your mom, dad and panditji
:)...
In reply to:
Sell ICICI Bank, says Madan
Posted by : Guest
sorry winwath,
catching your feet to forgive me...,
same guest :-)
bounce back can be sharper
Posted by : ushahTracked by: 1 Boarder
Dont be so sure. Icici bank requires only one day to reach 550. Just one bounceback in the US markets or even a semblance of stability will cause our markets to rally atleast 3-4% and when that happens ICICI bank will rally atleast 10-12%.
...
In reply to:
bounce back can be sharper
Posted by : kadiyali
No one is short in ICICI Bank. In fact almost all are long in this counter with varying quantities at different prices. As and when offloading takes place, the share of ICICI Bank dips. RBI had given a good chance for investors to get out of this stock today by cutting CRR by 50bps. The expected pull back did happen, and the stock price did touch Rs 521. Thereafter it has started sliding and it is already Rs 470 now. My prediction of Rs 390 for this share is only a few trading days away. Never ever wait for this stock to reach your expectation of 600-620 in the near future. In fact, ICICI Bank will not touch even Rs 550 during this financial year.
ICICI Bank is cheap
Posted by : ushahTracked by: 0 Boarder
ICICI bank seems to be going really cheap. there seems to be nothing wrong fundamentally. Stock is good for atleast 725 in a month or two...
bounce back can be sharper
Posted by : kadiyaliTracked by: 1 Boarder
I agree with you that ICICI Bank reaching 550 is not impossible. It is possible, and it will certainly reach. I only say that it will not reach before 31.3.2009. In any case, even if it reaches 550 or 600 or 620 before this financial year end as wished & hoped by you, it will certainly touch a level of Rs 390 before it bounces back to your expectation of 600-620. Mark my word, and see what happens within the next 10 working days....
In reply to:
bounce back can be sharper
Posted by : marketbear
do not put message as you like as ICICI Bank is not going to move according to you but with the market. Your anticipation of ICICI not even reaching 550 level will be in dustbin within a week. Do not say that this is impossible and that is impossible. When everyone is thinking like this, speculators will exactly make reverse movement of any particular stock when majority of small investors thinking vice versa. When all people are selling the stocks, speculators will catch them on the wrong foot going forward. Do not say that 550 is impossible for stock which quoting at around 480 level.
Sell ICICI Bank, says Madan
Posted by : GuestTracked by: 0 Boarder
There is no doubt man ICICI Bank will coplas with in couple of years. I am not say that this time will colps but a take atime this is world finacial problem. Big Banks colpsed in USA dont think ICICI is not such bank Loans has been given like anything now House rates are come down No one ready to buy the houses It is very decult to sustain long run. If you have money this is right time to exit other it is very sad to ICICI account holders.
Reddy from AP...
In reply to:
Sell ICICI Bank, says Madan
Posted by : winwath
We are not asking for Driver`s Lisc. or passport as ID proof on these boards.
You should at least identify yourself with a nick name before making such acrimonious complaint against a financial institution. Can you substantiate your statements.
How many of your friends and relatives have moved their money out of this bank? Just ask around.
People are comfortable with the bank. They are not comfortable with its service and its involvement with Lehman bros in the US Sub prime investments. That is the main reason why its stock is paying a price.
The bank`s total assets are in excess of US100 billion. Its profit for year end 31/3/2008 was a little over $1billion (Rs 4158 crores)
Even if all of the $80 million exposure it is less than 1/10th of its 2008 earnings.
Companies fundamentals are excellent. The management is gr8 - the staff that interacts with the general public needs training in public relations and basic courtesies.
bounce back can be sharper
Posted by : marketbearTracked by: 1 Boarder
do not put message as you like as ICICI Bank is not going to move according to you but with the market. Your anticipation of ICICI not even reaching 550 level will be in dustbin within a week. Do not say that this is impossible and that is impossible. When everyone is thinking like this, speculators will exactly make reverse movement of any particular stock when majority of small investors thinking vice versa. When all people are selling the stocks, speculators will catch them on the wrong foot going forward. Do not say that 550 is impossible for stock which quoting at around 480 level....
In reply to:
bounce back can be sharper
Posted by : kadiyali
No one is short in ICICI Bank. In fact almost all are long in this counter with varying quantities at different prices. As and when offloading takes place, the share of ICICI Bank dips. RBI had given a good chance for investors to get out of this stock today by cutting CRR by 50bps. The expected pull back did happen, and the stock price did touch Rs 521. Thereafter it has started sliding and it is already Rs 470 now. My prediction of Rs 390 for this share is only a few trading days away. Never ever wait for this stock to reach your expectation of 600-620 in the near future. In fact, ICICI Bank will not touch even Rs 550 during this financial year.
ICICI Bank minting money on CRR cut decision
Posted by : kamalakarbTracked by: 0 Boarder
Do not invest on any ICICI funds. It is going to come down drastically...
In reply to:
ICICI Bank minting money on CRR cut decision
Posted by : MMB Messenger
At 09:58 am, ICICI Bank was quoting at Rs 513.50, up Rs 23.45, or 4.79% on the NSE. The RBI has cut the cash reserve ratio, or CRR, by 50 bps to 8.5% with effect October 11. The cut will infuse Rs 20,000 crore into the system. It was trading with volumes of 194,335 shares. Yesterday the share closed down 2.84% or Rs 14.30 at Rs 490.05.
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