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Tracked by: 0 Boarder
Dear Aru,
Any link for SGX NIfty live quotes? Any lataest changes in your recommendations for posn to be taken today.? I am quite confused. Market may get sold off also.Regards...
In reply to:
Is indian economy collapsing????!!!!
Posted by :
vam_aru
US Markets futures are at 296 points higher,
Check out the link below.
http: //money.cnn. com/data/premarket/index.html 
Tracked by: 1 Boarder
British govt to take control of two major banks: reports
LONDON (AFP) - The British government will on Monday announce plans to take controlling shares in HBOS and Royal Bank of Scotland (RBS), two of the banks worst affected by the global financial crisis, media reports said.
...
In reply to:
No one is too big not to fall
Posted by : sambala
Barclays, RBS in debt double whammy
HSBC Holdings Plc, Royal Bank of Scotland Group Plc and the biggest UK banks face the most debt coming due in at least 10 years as the credit market seizure raises borrowing costs to the highest on record.
The six largest British banks have 54 billion pounds ($95 billion) of debt to refinance by April, triple the amount of the year-ago period, according to data compiled by Bloomberg. HSBC, the U.K.’s biggest bank, and RBS each have about 11.5 billion pounds of debt due, while Barclays Plc has 15.9 billion pounds maturing, the data show.
Financing costs are soaring as banks hoard cash after the credit crunch triggered by the US subprime mortgage crisis a year ago. The three-month London interbank offered rate in dollars rose to 4.52% from 2.64% in March, while the equivalent rate for euros increased to a record 5.39%, from 4.74% six months ago. “The banks have no idea how they are going to manage rolling over their debt,” Kornelius Purps, a Munich-based bond strategist at UniCredit SpA, said before Wednesday’s coordinated interest-rate cuts. “The central banks will have to intervene.”
The Bank of England was among central banks to lower rates today in a worldwide action to stave off a recession. Bank borrowing costs rose this month even as the UK announced a cash injection to the banking system, Europe’s policy makers provided emergency funding and US President George W Bush approved a $700 billion rescue plan. Prime Minister Gordon Brown’s government will invest about 50 billion pounds in the UK’s banks, the Treasury said.
HSBC and Standard Chartered Plc said they have no current plans to take government capital to bolster their reserves.
RBS and Barclays will be taking up aspects of the plan, they said in statements. Lloyds TSB Group Plc, which has about 512 million pounds of bonds to refinance by the end of March, said it will make a futher announcement about the plan “in due course.”
Banks need more capital after the worst US housing slump since the great depression and $593 billion in worldwide losses and writedowns caused their stocks to tumble, forced Lehman Brothers Holdings Inc into bankruptcy and pushed the UK government to nationalise Bradford & Bingley Plc.
The UK bank debt includes bonds, commercial paper and equity-linked notes and compares with 18 billion pounds repaid in the year-earlier period.
—Bloomberg
Tracked by: 1 Boarder
I would agree with that .. for most of the punters out there who still are looking for 50% returns over 1 month time frame ..its END OF DAYS :) ...
In reply to:
welguj
Posted by : souravkundu
Dear nebucanazza,
Its all perspective... One school of thought suggests buying in smaller quantities over a long period of time, while the other school of thought suggests buying in one shot and forgetting about it till your target timeline.
I believe in the second approach... and yes in the short term it hurts, but I do not get affected by such cuts. The business is growing, the conditions are favourable.. company is expanding.. what else are you worried about?
Dividends would come on time as well...
I my vision is much beyond a few months and I have taken my share of shares... and now its time for me to search somewhere else.
Do not worry about Welspun Gujarat at all... its a business you have invested in and 250 is not at all a bad price... infact if you ask me any buy price close to 20 times earnings is considered good... you were getting this below 20 times when it was at 250.. be glad that you bought it at that valuations... 5-7 years down the line people would envy you when you`d tell them that you bought Welspun Gujarat at 250..
Go long is my approach...
I have a list of companies which I find are fundamentally strong and have excellent growth potential going forward... they will reward the shareholders in the long term.
Regards,
Sourav
Tracked by: 0 Boarder
its that the global leaders are trying to do whatever takes as fast as possible to see that some calm is returned. this kind of action only going to lead to more unimaginable imbalances causing the huge hot liquidity to evaporate without any trace see unprecedented rise in interest rates globally. theres going to be no respite from the global downfall in the markets with the big economys already in a recession only to make the developing, asian emerging the china, india which have seen more of a credit bubble growth in the past years than any real internal growth no matter what several people advocate. these asian, emerging the china, india are highly susceptible to the effects of global crisis and with the thing of good internal market is highly irrational and in reality only see huge deterioration with ripple effects on the whole of the region. ...
Tracked by: 0 Boarder
Hi Kalidas sir,
Can you pls advise me on Maruti Suzuki? I bought it at 775.
Thanks and regards,
Atul...
In reply to:
Kalidas’ Practical Rule for Stocks, Bonds, and Indices
Posted by : Kalidas
for Cybergamer
The education is the best long term investment, even ahead of property. It always pays off. so if you have to chance to become a MBA graduate, just accept it and go ahead. The present crisis may stay for about 2-3 years but will wither away by the time you are freshman from MBA. You wil have few competitors then.
Kalidas, Hong Kong
12-10-2008
Tracked by: 0 Boarder
As suggested in my previous writings, the government has gone ahead and reduced the CRR.
However, it will not work – at best it will result in relief rally in stock exchanges.
This kind of piece meal approach will not work. It did not work with US government for the last one year.
The government needs to do the following SIMULTANEOUSLY :-
- Reduce CRR to 4%.
- Cut bank bank rates 7%
- Cut SLR to 22% now and to 20% in another 4 weeks
- Unlimited protection to bank deposit for next 3 years.
- Increase spending in infrastructure - start announcing projects and start talking about upcoming spending
- Guarantee interbank loans - otherwise CRR cut will not work.
- Be ready to provide finance to private companies in trouble, using one of the many government arms
- We are at two more risk - in terms of flight of capital :-
a) Current account deficit - our creditors worldwide are facing a liquidity crunch - likely to call in the money or not roll over the debt – this kind of thing has had lead to massive crisis in the past in countries across the world.
b) Developed economies will withdraw cash parked in India in equities and other assets - if not tackled properly this will lead to a asset/ securities meltdown in India
This flow of capital will need to to be managed (more thoughts on this later)
Government has to launch a massive co-ordinated and sustained attack on the problem facing our economy and not throw one pebble at a time if it`s measures are to have any impact.
Irrespective of the Government does, we are very likely to hit 5% GDP. If the government acts fast and decisively, sub 5% levels can be avoided....
Tracked by: 0 Boarder
Yes, I am 100% sure that Indian Banks are healty, its a global effect only. Basically we are very strong....
In reply to:
Do you believe that the Indian banking system is healthy?
Posted by : MMB Messenger
Dear Boarders,Do let us know your views and opinions on the poll.-MMB Messenger
Tracked by: 0 Boarder
Vam,
The nifty trin is quite healthy at 0.3, but i wont trade now coz of my losses in the recent past. This is just for ur information. THE TRIN is healthy for us... but i am not taking cues solely from TRIN. So this rally is being bought not sold into. Please dont take any cues from my post coz my trades went wrong last four times and i lost 20K. Good luck....
In reply to:
Is indian economy collapsing????!!!!
Posted by : radhika_nandlal
I have 2 4200 CE at Rs 48... thats a loss of Rs 4800 and in the beginnign of october i played intraday and lost some money... so i am waiting for the right put or call after market direction becomes clear to make good these losses... until then i cannot touch the rest of my capital.... lets see if i can get some cheap calls or puts if i have a strong hunch about market direction.. right now i feel at best it will consolidate and at worst it can fall, but going up i doubt.
Tracked by: 0 Boarder
next turn will of indian economy and it will definitely go into slowdown and it will be severe slowdown and can last long if it happens. Thus despite having assurances from finance ministry, there is no certainty of GDP growth remaining higher. These finance ministers remains dishonest to the common people. Slowdown in the growth is visible. It may come little later. But it will definitely come in India also. Next question mark will be on indian property market which on the brink of collapse. And in such collapse which bank will loose, obviously ICICI Bank which will be exposed to the reality crack as they have given agressive home loans which will not be adequately secured. Customers whose loan outstanding exceed the market value of the property will stop repaying the loan and give the property to the bank for reposession which will not give good market price for bank because rates in such senario will crack further because of oversupply and it will be worst for banking stocks. Thus banking stocks are most dangerous in case of slowdown ans there will not be any downward limit for these stocks. If anything is wrong in the above assessment, please point out
regards...
In reply to:
Is indian economy collapsing????!!!!
Posted by : marketman
We have been listening indian growth stories for few years.... our financial markets too witnessed the same trend till recently.... our policy makers repeatedly assuring the investors about the strongness of indian economy.... they are saying india is immune to world financial crisis....
But indian financial markets too collapsing along with the global cues.... almost all investors and many corporates are already in deep troubles.... few are doubting at some pvt sector banks for their suspicious behaviour....
We are also part of globe,india is not from any other planet.... this common logic is ignored by our policy makers and talking nonsenses on daily basis to confuse/mislead the indian investors aswell as indian public....
Atleast the chiefs of global economy taking few steps to control the situation,we havnot seen any types of mesures or useful decisions so far in india.... already stock markets fell more than 50% from their peaks within few months.... banks are struggling for survival,many corporates facing liquidty problem,few companies at the threshold of removing employees from payrolls,experts epecting subprime type issues may occur soon in india too.... interestingly indian rupee is weaken much within short span of time....
By seeing/experiencing all these ill effects,even patriotic indians doubting about the situation of economy in the country.... few people asking questions like Is indian economy too collapsing?!
Tracked by: 0 Boarder
As suggested in my previous writings, the government has gone ahead and reduced the CRR.
However, it will not work – at best it will result in relief rally in stock exchanges.
This kind of piece meal approach will not work. It did not work with US government for the last one year.
The government needs to do the following SIMULTANEOUSLY :-
- Reduce CRR to 4%.
- Cut bank bank rates 7%
- Cut SLR to 22% now and to 20% in another 4 weeks
- Unlimited protection to bank deposit for next 3 years.
- Increase spending in infrastructure - start announcing projects and start talking about upcoming spending
- Guarantee interbank loans - otherwise CRR cut will not work.
- Be ready to provide finance to private companies in trouble, using one of the many government arms
- We are at two more risk - in terms of flight of capital :-
a) Current account deficit - our creditors worldwide are facing a liquidity crunch - likely to call in the money or not roll over the debt – this kind of thing has had lead to massive crisis in the past in countries across the world.
b) Developed economies will withdraw cash parked in India in equities and other assets - if not tackled properly this will lead to a asset/ securities meltdown in India
This flow of capital will need to to be managed (more thoughts on this later)
Government has to launch a massive co-ordinated and sustained attack on the problem facing our economy and not throw one pebble at a time if it`s measures are to have any impact.
Irrespective of the Government does, we are very likely to hit 5% GDP. If the government acts fast and decisively, sub 5% levels can be avoided....
In reply to:
Markets to be volatile yet flat today
Posted by : Udayan Mukherjee
The global markets are tepid. The Indian markets maybe volatile yet flat today. The weekend was quite with no major news and there may be a slight bounce in the market today. If there s no bounce back this week things will get worse going forward.
Here is a verbatim transcript of Udayan's comments on CNBC TV18. Also see the accompanying video
This is an important week. Last week was a disaster 15% down that’s how much our markets lost. Over the weekend there have been some rumblings from the G7 countries on a bigger package, which could be coming and this week you’ll look forward to that. In any case the global markets are somewhat more tepid, the US cut some of its intra-day losses on Friday and this morning Asia is a bit of a mixed bag, some markets are down, some markets are up so you don’t know what quite to make of it. But over the next few days it might still be quite volatile and jerky depending on policy action that we see, so big one coming up.
No taking away from the fact that last week was a whitewash and psychologically probably pushed a lot of people against the wall?
Pushed against the wall is right. It was really such a terrible week for the market. This week is going to be important one, I don’t know how trade starts off today because you have the baggage of the Friday closing not too much happened over the weekend. I don’t know whether the market will focus on the kind of mixed mood that is prevailing in global markets today or it will focus on the fact that we had a big bounce back from the lows of the day on the Dow indicating that there is some more help which is coming from global markets.
It is a little difficult to decipher; today it might be one of those volatile, yet flattish kind of day, all over the place but eventually not going anywhere significant, it could play out like that. But again you want to believe that after a 15% fall last week given the prospect of more regulatory action this week, you probably could see a little bit of a bounce. I have difficulty saying or pronouncing the word ’bounce’ nowadays but one lives on hope.
What makes it so important, the fact that the market got so oversold almost or is it that we might be prime for everything that can be done, will be done sort of regulatory action?
The later I suspect, I think over the weekend the kind of noise that one heard from the regulators in the West is they have pretty much come around to accepting the situation as it is, which is to say if we don’t something we have had it. So basically just go out, don’t think about moral hazards and tax payers money just get the credit market working once again, and I think you have seen the first signs of that coming in from Australia. I suspect you will see much more of that over the next 24 to 48 hours; it has to happen. They cannot delay this any longer and you could almost sense that they have got a sense of urgency right now. I think the concerted regulatory action, much that you can scoff it by saying, “Big deal, they did a bailout package first and then they cut rates again, precious little it did for the stock markets.”
But at some point they have got to do something, which get the credit markets working and I suspect you will see some material moves along those lines in the next 24 to 48 hours, which will probably drive home the message that in the near-term the panic needs to ebb a little bit. That may be the starting point of a little bit of a rebound in the market. Still remain extremely cautious about the medium-term, because this will not fix a lot of world’s problems.
In the near-term, I suspect that it could lift the mood. But that makes it a really big week for the market. If by the end of this week you don’t have a rebound in global markets, then I suspect we are in for a really bad time going forward. As in you will probably see things that you have never expected to see, if you haven’t already. But I think in the next five days you will see some action, which will come as a bit of a succor to the market.
Asian Indices:
Asia is a bit mixed this morning some are down, some are up. A couple of markets like Hang Seng and Korea have moved up a couple of percentage points, it’s China which is in difficulty and Taiwan is not looking particularly strong either.
-Udayan Mukherjee, Managing Editor,CNBC TV18
Tracked by: 0 Boarder
I have 2 4200 CE at Rs 48... thats a loss of Rs 4800 and in the beginnign of october i played intraday and lost some money... so i am waiting for the right put or call after market direction becomes clear to make good these losses... until then i cannot touch the rest of my capital.... lets see if i can get some cheap calls or puts if i have a strong hunch about market direction.. right now i feel at best it will consolidate and at worst it can fall, but going up i doubt....
In reply to:
Is indian economy collapsing????!!!!
Posted by : vam_aru
Dear RN,
Yes I have Bajaj Hindustan ( 900 at 130 rs ), I think i will take another 1000 baj hin by next week. where did you lost 20 K, I thought you were with PUTS
Tracked by: 0 Boarder
Oct.13)
Nifty Future FMP 3410, first support 3390 ......... below 3380 one may expect 3350-3310 on
the downside. Upside it faces resistance at 3490 levels ............ regards flashstock05
...
Tracked by: 0 Boarder
Dear RN,
Yes I have Bajaj Hindustan ( 900 at 130 rs ), I think i will take another 1000 baj hin by next week. where did you lost 20 K, I thought you were with PUTS...
In reply to:
Is indian economy collapsing????!!!!
Posted by : radhika_nandlal
I lost 20K in the last four trades and have now become impotent as far as trading goes.. dont want to lose again.. even alex says if you lose as a trader keep out for sometime... these markets are difficult to play.. did u buy bajaj hindustan?
Tracked by: 0 Boarder
CHIDAMBARAM:
We Don`t Take A View On Rupee, Rupee Will Find Its Own Level
Coordinated Action Will Yield Results
Govt, Rbi And Sebi Are Coordinating On An Hourly Basis
Confident Economy Will Emerge Stronger
If Necesssary Will Make Further Statement Today
Deposits In Banks Are Safe
He Said Working On More Measures To Improve Liquidity
Will Respond Swiftly According To Needs Of Situation
Crude, Commodity Price Fall To Have Beneficial Impact On Inflation
Services Sector Growing At Brisk Rate
Ratio Of Investment To Gdp Remains High Above 35 Pct Q1 2008/09
...
Tracked by: 0 Boarder
The global markets are tepid. The Indian markets maybe volatile yet flat today. The weekend was quite with no major news and there may be a slight bounce in the market today. If there s no bounce back this week things will get worse going forward.
Here is a verbatim transcript of Udayan's comments on CNBC TV18. Also see the accompanying video
This is an important week. Last week was a disaster 15% down that’s how much our markets lost. Over the weekend there have been some rumblings from the G7 countries on a bigger package, which could be coming and this week you’ll look forward to that. In any case the global markets are somewhat more tepid, the US cut some of its intra-day losses on Friday and this morning Asia is a bit of a mixed bag, some markets are down, some markets are up so you don’t know what quite to make of it. But over the next few days it might still be quite volatile and jerky depending on policy action that we see, so big one coming up.
No taking away from the fact that last week was a whitewash and psychologically probably pushed a lot of people against the wall?
Pushed against the wall is right. It was really such a terrible week for the market. This week is going to be important one, I don’t know how trade starts off today because you have the baggage of the Friday closing not too much happened over the weekend. I don’t know whether the market will focus on the kind of mixed mood that is prevailing in global markets today or it will focus on the fact that we had a big bounce back from the lows of the day on the Dow indicating that there is some more help which is coming from global markets.
It is a little difficult to decipher; today it might be one of those volatile, yet flattish kind of day, all over the place but eventually not going anywhere significant, it could play out like that. But again you want to believe that after a 15% fall last week given the prospect of more regulatory action this week, you probably could see a little bit of a bounce. I have difficulty saying or pronouncing the word ’bounce’ nowadays but one lives on hope.
What makes it so important, the fact that the market got so oversold almost or is it that we might be prime for everything that can be done, will be done sort of regulatory action?
The later I suspect, I think over the weekend the kind of noise that one heard from the regulators in the West is they have pretty much come around to accepting the situation as it is, which is to say if we don’t something we have had it. So basically just go out, don’t think about moral hazards and tax payers money just get the credit market working once again, and I think you have seen the first signs of that coming in from Australia. I suspect you will see much more of that over the next 24 to 48 hours; it has to happen. They cannot delay this any longer and you could almost sense that they have got a sense of urgency right now. I think the concerted regulatory action, much that you can scoff it by saying, “Big deal, they did a bailout package first and then they cut rates again, precious little it did for the stock markets.”
But at some point they have got to do something, which get the credit markets working and I suspect you will see some material moves along those lines in the next 24 to 48 hours, which will probably drive home the message that in the near-term the panic needs to ebb a little bit. That may be the starting point of a little bit of a rebound in the market. Still remain extremely cautious about the medium-term, because this will not fix a lot of world’s problems.
In the near-term, I suspect that it could lift the mood. But that makes it a really big week for the market. If by the end of this week you don’t have a rebound in global markets, then I suspect we are in for a really bad time going forward. As in you will probably see things that you have never expected to see, if you haven’t already. But I think in the next five days you will see some action, which will come as a bit of a succor to the market.
Asian Indices:
Asia is a bit mixed this morning some are down, some are up. A couple of markets like Hang Seng and Korea have moved up a couple of percentage points, it’s China which is in difficulty and Taiwan is not looking particularly strong either.
-Udayan Mukherjee, Managing Editor,CNBC TV18...
