Online
| Post a Message | Explore Forums | Browse Stock Messages | Hot Discussions | Top rated Messages | Top Boarders | |
|
|
|
You are here : Moneycontrol  MMB Market View |
| The latest messages in different topics under Market View are displayed on this page |
Market View
Tracked by: 0 Boarder
Australia cuts rate by quarter-point
This begins a cycle of interest rate cuts across the globe to combat slowing growth in economies. Emerging markets will also follow the pursuit after few weeks. ...
Tracked by: 77 Boarders
Dear jonas,
Just as a precaution, in case Nifty goes below 4325, then it is better to sit on CASH to watch the GAME.
Moving huge amount of money (billion of dollars for world market) will take time. DOLLAR YEN is going DOWN drastically signaling global weaknesses in coming time (risk averse nature) :)
So, PLAN your GAME accordingly.
Gud luk & happy investing! :)...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
jonas
Hi Bullsheetrules,
I would like to add that Bovespa has tanked to its yearly low.
As previously money had flown from India to Brazil from jan to june 08 now the process will start reversing soon.
CHEER UP BULLS !!!!
Regards. 
Tracked by: 77 Boarders
Hi Bullsheetrules,
I would like to add that Bovespa has tanked to its yearly low.
As previously money had flown from India to Brazil from jan to june 08 now the process will start reversing soon.
CHEER UP BULLS !!!!
Regards....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
BullSheetRules
As mentioned on my homepage on Sep 1, DOW was showing inherent weaknesses on chart... has corrected a good value to 11100 - 11200 level range... Interesting thing to note is that I thought that this will take at least two days. However, within a single day, DOW has got into that position. Probably, time for Bernanke and co. to issue some statements in coming days...
Oil is already DOWN to 107 level... will soon be available at 100 level...
7.11 -2.24 -2.05%
Rest you can deduct yourself how things can PAN out in FUTURE!... as we know, stock market looks to FUTURE, not to present or past! :) DOW will overreact for these two days as BILLIONS of DOLLARS were at STAKE to BUILD that BEARIsh positions before the suddent collapse in OIL PRICES! :) :) Moving those billions by BIG PLAYERs take time! :)
In case, Nifty goes below 4325 again, then wait and watch the GAME from sidelines! :)
For today, DOLLAR YEN ratio is DOWN!
So, PLAN your GAME accordingly! :)
Gud luk & happy investing! :) :)
Tracked by: 0 Boarder
On internals and scale back on Nifty positions:
We had a very large FII inflow figure more than USD 300 million yesterday but just at the first sign of trouble once again there was selling in the cash market Rs 600 crore, once again they shorted about 1,300-1,400 crore on Nifty futures. So, there is no trend in the FII numbers generally it is down on a good day it turns up but when you get excited the next day it turns down again. I don’t think there is any great trend that you are seeing in terms of flows. Even locally there are risks in the markets the Put-Call ratio is at 1.36, which is high if there were some negative triggers, which were to manifest itself.
The market is not horribly overbought because we are not in that kind of a market situation now-a-days, but if you had to weigh the scales and say is it more overbought than oversold, then at 1.36 Put-Call Ratio (PCR) you would have to say that the bias is clearly on the overbought side rather than on the oversold side. So if something has to go wrong over the next few days, I don’t know whether, if crude spikes or global markets sell off more or energy does not happen, then the potential for the market to come off because of unwinding pressures is there. I am not suggesting it will happen but technically the more you look at the futures data it seems like that potential is there.
Having said all of that I think sentiment has improved somewhat there is no getting away from that, if you just ask people or poll people or investors and traders, now versus if you have polled them couple of months back. I suspect you will find that people seem to be in a more constructive frame of mind, there is no despair like you were hearing two months back. Now the debate is between whether the markets falls 3-4% before resuming its upward journey whether it goes to 4,600-4,800 but right now not too many people are talking about breaking down to the old lows, which in some sense is reflection of the fact that sentiment is improved somewhat and that should not be completely scoffed at.
The other internal that one needs to monitor is the swift and rapid decline of the rupee, which is not good sign at all the fact that the rupee is marching towards 45 has implications for foreign global investor sentiment and for inflation, which are not very benign. So I suspect that is the headwind that we are moving against at this point.
On Nifty:
Closer to 4,350 is where you will start of 4,350-4,370 those kind of levels. So you lose 80-100 points on the Nifty first up in the morning. 4,500 is where we were just a couple of days back. If people get an opportunity to enter at 150-points lower with a couple of positive triggers, which might be looming on the horizon, there could be an attempt for some traders to buy this Nifty and see if it can scale back to those 4,600 kind of levels.
I do not know whether the first dip will be bought but maybe in that zone if we do get to 4,350 this morning and if the view is that we may lose some more, maybe from there to the next 100 points, 4,250-4,350 could be a point where people would look to accumulate at least once. Unless the triggers break down and then the market goes further down; last time too we went to 4,200 and bounced back sharply from there. So I think if we go within shouting distance of that level closer to 4,300 maybe people will attempt to buy this Nifty and see if there is that incomplete move, which is still pending out there.
It looks like it will be a gap down but would be surprised if it is a completely disastrous kind of an outcome for the market because as we discussed the sentiment has improved and typically when sentiment improves a little bit, people look to buy the sharp gap downs rather than initiate fresh shorts. Those will happen if we do get to 4,200 and break below that but for the interim, you will probably see the bulls try and get back into play on every cut.
-Udayan Mukherjee, Managing Editor,CNBC TV18...
In reply to:
Global cues may peg Nifty down 80-100 pts
Posted by : Udayan Mukherjee
Inflation numbers were a relief and seem to consolidating if not falling. However, global cues are still bad and may peg the market down. The local cues though are good and there are a few silver linings that might cushion the fall. But the Nifty is likely to fall 80-100 points.
On trade today:
On the last trading day of this week, there is little bit of hope from inflation there is more than little bit of hope from the Nuclear Suppliers Group (NSG) front but sadly global markets are not playing along. So that’s the battle for the market this morning.
The local cues are not too bad from an India’s specific point of view there is some hope on the horizon. However, the global cues will almost certainly peg us back as we start trade this morning. So early morning difficulties for sure let’s see what we make of it by the end of the day.
Our markets:
We did give up a little bit of ground and maybe we will give up a little bit more and maybe it’s in the fitness of things because we did rally quite sharply all the way up to 4,500, 15,000 came all too easily and therefore the market probably would have been made to do some more work around these levels and so maybe it’s just as well that we are giving up a little bit ground but as I said from an India’s specific point of view I think there are some silver linings to the cloud right now, we hear that the Nuclear Suppliers Group (NSG) situation is a bit better, which might lift sentiment as we come back to trade next week. Inflation is showing some signs of plateauing if not falling over the last couple of weeks. All of this put together might somewhat cushion our fall a little bit. In any case we have been outperforming most of the other global markets but fall, we will this morning with the rest of the world. So at least 80-100 point cut in the Nifty cannot be wished away.
However let’s see in the remaining part of the day we can use some of the silver linings as crutches to claw back somewhat. It’s not looking like a disastrous market but sadly we will have to fall in line with the globe.
Asian Indices:
Asia is weak as one would have expected because the US fall was crunching; 3% down in the Dow Jones and the S&P (Standard & Poor's). So the cuts are not insignificant across Asia; 2% down on average. Some markets are not doing too badly across Asia but others are. So China and Hong Kong are suffering quite a bit as Japan, though Korea hasn’t fallen quite such a lot, Taiwan has been bruised over the last few days so that’s a market which has fallen already but sticky across Asia.
Worsening global cues:
It is happening despite crude having cooled off such a bit, commodities have cooled down quite a bit and generally globally people are talking much less about inflation then they were one-month back but as a lot of people had been forecasting a month back that the global problem is not just a commodity problem today, there are many other problems and slowly people are waking up to that. The kind of reaction that you saw from the US market yesterday, I don’t think jobless numbers were so bad but it didn’t look like the kind of number which should have sent the Dow and the S&P 500 down 3% although there are apprehensions about what the Unemployment Report might actually put out today and Bill Gross, CIO of Pimco, who is a fairly respected voice out there did speak about financial tsunami which maybe in the offing but I didn’t think there was enough to send the markets down too much.
My sense is that there is just too much edginess in the global market out there. So despite crude hovering closer to USD 100/bbl now than USD 150/bbl, you are still seeing these kind of big falls happening in the US market and the Dow is just unable to get past 11,700 it goes there and then these sharp kind of sell-offs happen. Things are not looking very good for global markets you have seen how much Asia has fallen over the last few days, I think generally across the world people are worrying more about a big economic growth slowdown across the world and continuous de-leveraging which is happening from the financial institutions. So, both from liquidity and from a macro perspective, this global situation is not looking too good and sadly we can’t ignore it though India has been outperforming over the last few days as is well documented but even so to ignore it completely would be quite difficult. So, maybe we will fall 80-100 points on the Nifty this morning.
-Udayan Mukherjee, Managing Editor,CNBC TV18
Tracked by: 0 Boarder
Short term global cues very negative,
1. Nuke deal again on a bumpy road and leads to much delay
2. OPEC thinking to cut the production which will either maintain the crude price at the 110 level or again leads to further.
3. SP and other leading parties threatening government about the hide agreements in N-deal
4. Inflation again will move up after a breath (another two weeks it may consolidate here)
5. New RBI governor is very strict to control the inflation.
6. GDP numbers are below 8% everybody ignoring this right now.
7. Growth slowing down
So for short term Nifty will move to 4200 level very soon,
With thanks
Be and make
...
Tracked by: 77 Boarders
Hi LovelyGuy,
No hard feelings BUT
U may soon be left with ALL CASH n sensex at 20k within 6 months.
Regards....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
LovelyGuy
Dear Joe,
Market may move up to 16800 but will crumble. Do you think any economic data or environment changed so far? Okay, crude is down but at 120 but we are still bleeding. Crude was 60 an year ago. Fiscal deficit is going up. Inflation is not going up at a same rate as it used to be but it is still at 12%. The effects will be seen in September and December quarters. Bottom line profits are already coming down. This is simply a relief rally. My targets for sensex are 16850 max but on lower side 11500 as per minimum with Nifty levels between 2950 to 3500. I would prefer to sell off using this rally to get back to cash.
By the way the way he predicted (HLN) about 12000 almost 8 months before is truly a phenomenal achievenet. I have never ever seen such forecasts coming true in my life.
No criticism but just presenting my view. Please also go to a thread where there is a poll going on on have we seen a bototm: A small but Majority are with an answer of NO.
Best regards.
LovelyGuy
Tracked by: 0 Boarder
INDIA-RELATED—
* India Aug 23 WPI inflation rate 12.34% vs 12.40% week ago (NW18)
* Govt source says falling trend in inflation likely to continue (NW18)
* India Jun 1-Sep 3 rainfall 715.7 mm, 3% below normal (NW18)
* Finance ministry says Daiichi-Ranbaxy deal referred to Cabinet (NW18)
* Floods destroy crops across 180,000 ha in Bihar (NW18)
* Govt OKs 17 FDI proposals worth 18.44 bln rupees (NW18)
* Fiat Group CEO says may supply engines for Jaguar, Land Rover cars (NW18)
* Tata Power to buy 11.4% in Australia\'s Geodynamics; cos to form JV (NW18)
* Ratan Tata to do \"everything possible\" to launch Nano as planned (NW18)
* Maruti Suzuki says margins under pressure but no plan to up prices (NW18)
* Govt yet to decide on extending suspension on 4 farm futures (NW18)
* HCL Tech in talks to raise up to $1 bln for acquisitions (NW18)
* Maharashtra extends stamp duty amnesty scheme until Oct 31 (NW18)
* RBI report says need careful look before opening up to foreign bks (NW18)
* Tatas looking to spin off international steel assets, including Corus (FT)
* Tamil Nadu chief minister threatens Marans\' Sun Group with legal action (IE)
* RBI warns against fictitious mails offering money (HT)
* British Airways plans tie-up with India carrier in franchise partnership (BS)
* Punjab govt seeks bids to set up 2,640 MW plant at Gidderbaha in Muktsar (BS)
* Balco residual stake headed for arbitration (BS)
* Shyam Telelink in dock over FDI (ET)
* Jaypee Group plans over 1,200-room hotel (ET)
* Big Bazaar to up food and grocery prices by 5-6% (various)
* BT to retain 10% in Tech Mahindra (ET)
* ONGC says no to OVL listing; funding in place for Imperial buy (FE)
* OVL eyes Canadian co for $1.5 bln (Mint)
* IIMs look to outsource CAT to global testing co (Mint)
FROM OVERSEAS--
* Bank of England leaves bank rate unchanged at 5% (NW18)
* ECB keeps refinancing rate unchanged at 4.25% (NW18)
* Unilever breaks with 80-year tradition of appointing insiders as CEO (FT)
* Hedging hits forex windfalls at Rolls-Royce (FT)
* Australia cuts rate by quarter-point (WSJ)
* OPEC invites Brazil to join group (BBC)
* Argentina nationalises airline Aerolineas Argentinas and its arm (BBC)
* Boeing workers decide to strike (BBC)
* Russia forced to shore up rouble post Georgia conflict (FT)
* Sony recalls 440,000 Vaio laptops due to wiring faults (BBC)
* Google tweaks licence agreement for its new browser Chrome (BBC)
* Telefonica to invest in 2 state Chinese telecom cos for bigger share (WSJ)
* Nestle\'s Polman to be Unilever CEO (ET)
...
Tracked by: 0 Boarder
* APEEGO: Approved one-for-one bonus share issue. (NW18)
.
* DR. REDDY\'S LABORATORIES: To distribute Cosmederm Technologies products in
India. (NW18)
U.S.-based Antares Pharma in pact with company to develop an enhanced
dermatology drug. (NW18)
.
* GAIL INDIA: Gets shareholders\' OK to issue bonus shares in the ratio of
one-for-two. (var)
To double its Pata unit capacity to 800,000 tn a year. (NW18)
.
* GITANJALI GEMS: Will form a 74:26 joint venture with government-owned MMTC
to establish, acquire, develop, manage and maintain jewellery showrooms in the
country. (ET)
.
* HCL TECHNOLOGIES: May make a counter-bid for SAP implementer Axon,
after Infosys Technologies also bid to acquire the U.K.-based company.
(var)
.
* HINDUSTAN MOTORS: Plans to increase product prices on rising input costs.
(NW18)
.
* HINDUSTAN UNILEVER: Parent Unilver appoints Paul Polman as group chief
executive officer to succeed Patrick Cescau. Polman is currently executive
vice-president and zone director for Americas at Nestle.
.
* IDBI BANK: Is planning to sell its Pune-based wholly owned arm, IDBI
Homefinance. (ET)
.
* MOBILE TELE: Approves 10-for-one stock split. (NW18)
.
* MOSER BAER: Photovoltaic subsidiary raises 4.11 bln rupees from a
consortium of private equity investors, leading to a dilution of Moser Baer\'s
stake in the company by 6.5%. (Var)
.
* OIL AND NATURAL GAS: Arm ONGC Videsh is in talks to acquire Canada\'s
Tanganyika Oil Co for $1.2 bln-$1.5 bln (53.40-66.75 bln rupees). (Mint)
.
* PATEL ENGINEERING: Is close to acquiring a mid-sized coal mine in Indonesia
for 1 bln rupees. (ET)
.
* RANBAXY LABORATORIES: Finance Ministry says Daiichi-Ranbaxy deal referred
to Cabinet. (NW18)
Life Insurance Corp of India and General Insurance Corp of India to sell
entire holding in company to Daiichi Sankyo in open offer. (NW18)
.
* STERLITE INDUSTRIES: May enter into arbitration for purchase of the
residual 49% of government\'s stake in Bharat Aluminium Company. (BS)
.
* TATA MOTORS: West Bengal Governor has held preliminary talks with
representatives of ruling Left Front government to resolve Singur crisis.
(NW18)
Ratan Tata says pressure on Nano pricing due to high input cost; to do
\"everything possible\" to launch Nano as planned. (NW18)
Fiat Group head says will supply engines for Jaguar and Land Rover brands
if asked by Tata Motors. (NW18)
.
* TATA POWER: Along with Australia\'s Geodynamics is planning to jointly explore
geothermal power prospects globally. (NW18)
.
* TECH MAHINDRA: A clutch of private equity investors are interested in
acquiring UK-based British Telecom\'s stake in the company. (ET)
.
* TRANSPORT CORP: Eyes 20 bln rupees in revenue by 2010-end; to add 1 percentage
point to operating margin every year for three years. (NW18)
...
Tracked by: 0 Boarder
Eleven banks participated in the mock test carried out by the Bombay Stock Exchange (BSE) for the new IPO payment facility recently permitted by SEBI, reports The Hindu Business Line....
Tracked by: 0 Boarder
Markets are stabilizing at these levels now ( 4370 level )...
In reply to:
I better put an end to my predictions
Posted by : radhika_nandlal
I bought one more call..... one step at a time lol.. 4500 call at Rs 71
Tracked by: 0 Boarder
Key benchmark indices opened with sharp downward gap on weak global cues. The BSE 30-share Sensex was down 333.54 points. All the 30 Sensex stocks were in the red. The market breadth was weak. Banking shares slipped. Index heavyweight Reliance Industries shed 3%. Sterlite Industries, Jaiprakash Associates and Infosys Technologies lost close to 3% each.
Fears about economic growth and a 3% slump in US stocks on Thursday, 4 September 2008, sent Asian shares sprawling today, 5 September 2008. Key benchmark indices in Hong Kong, China, Japan, South Korea, Singapore and Taiwan were down by between 1.28% to 2.85%.
Wall Street suffered its steepest decline in more than two months on Thursday, 4 September 2008, after weekly government data showed an unexpected jump in the number of filings for jobless benefits, souring the mood before Friday\'s (5 September 2008)’s jobs report for August 2008, which is expected to show the eighth consecutive decline, with 75,000 jobs lost.
At 10:25 IST, the BSE 30-share Sensex was down 333.54 points or 2.24% to 14,565.56. It opened 330.09 points lower at 14,569.01 and slipped to strike an intra-day low of 14,513.44 in early trade. At the day’s low, the Sensex lost 385.66 points. At the day’s high of 14,590.61, the Sensex fell 308.49 points in early trade.
The S&P CNX Nifty declined 87.85 points or 1.98% to 4,359.90
The market breadth was weak on BSE with 1028 shares declining as compared to 433 that advanced. 47 remained unchanged.
The total turnover on BSE amounted to Rs 637 crore.
India’s largest copper manufacturer Sterlite Industries lost 3.63% to Rs 590.85 on 71,786 shares. It was the top loser from Sensex pack.
Jaiprakash Associates (down 3.25% to Rs 171), Infosys (down 3.04% to Rs 1735), and Maruti Suzuki India (down 2.85% to Rs 664.40), edged lower from Sensex pack.
India’s largest private sector firm by market capitalization and oil refiner Reliance Industries (RIL) slumped 3.01% to Rs 2087.90 on 2.39 lakh shares.
Banking shares declined on fresh selling despite softening in inflation rate for a second week in a row. ICICI Bank (down 2.76% to Rs 698.40), State Bank of India (down 2.04% to Rs 1504), and HDFC Bank (down 2.98% to Rs 1265), slipped.
Annual inflation rose 12.34% in the year through 23 August 2008, lower than previous week’s 12.40% rise, data released by the government after trading hours on Thursday, 4 September 2008 showed. Food prices for staples like lentils and vegetables eased while fuel prices remained flat, the data showed. Inflation, however, remains far above central bank’s target level of 7% towards the year ending March 2009.
Among the side counters, Sona Koya Steerings (up 16.30% to Rs 20.70), Ceat (up 6.39% to Rs 81.55), and Orbit Corporation (up 6.36% to Rs 324.50), surged
Weak global cues had pulled Sensex down 150.76 points or 1% to 14,899.10, on Thursday, 4 September 2008. As per provisional data released by the stock exchanges, foreign funds sold shares worth a net Rs 603.28 crore on Thursday. Domestic funds bought shares worth a net Rs 431.11 crore.
Meanwhiles, the Nuclear Suppliers Group (NSG) is reportedly inching towards forging a consensus on clearing a waiver to India for nuclear commerce, a decision that can take the Indo-US nuclear deal forward. The United States said on Thursday, 4 September 2008, 45 nations were making headway towards agreement on lifting a ban on nuclear trade with India after Washington reworked a draft for the move to ease proliferation fears. The two-day meeting of NSG ends today, 5 September 2008.
-CM courtesy ...
Nifty futures trading at 4370 moving towards our target of 4382,4400 for today
Posted by : 9975797577Tracked by: 0 Boarder
Nifty Futures now trading at 4370 moving towards our target for the day of 4382 and 4400 ......very soon ...
Tracked by: 0 Boarder
We have posted some common important messages in all major banking stocks category for the benefit of investors in those stocks as they might not be viewing other stock messages.
So, please take acknowledgement of that for the interest of the investors community on this message board. If any of our tracking boarders find it repetitive, it was only for for some very important message in particular case in the interest of investors community....
Only Important message put as in different banking stocks for investors
Banking & Financial Services - Sector
Posted by : 9975797577Tracked by: 0 Boarder
We have posted some common important messages in all major banking stocks category for the benefit of investors in those stocks as they might not be viewing other stock messages.
So, please take acknowledgement of that for the interest of the investors community on this message board. If any of our tracking boarders find it repetitive, it was only for for some very important message in particular case in the interest of investors community. ...
Tracked by: 0 Boarder
Inflation numbers were a relief and seem to consolidating if not falling. However, global cues are still bad and may peg the market down. There are a few silver linings that might cushion the fall. But the Nifty is likely to fall 80-100 points.
...
Poll
 |
Popular Boarders 7days| 171 | |
| 163 | |
| 134 | |
| 122</ |