Stocks

SHORT TERM BOUNCE POSSIBLE ?

IFCI

Posted by : bubbu64
Price when posted : BSE: Rs 25.00 ( -18.57 % ), NSE: Rs. 25.15 ( -18.21 % )

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The price action in the equity markets Friday was nothing short of impressive. We literally had a W shaped trading day where stocks opened down 600 points, rallied back into positive territory, sold off again by another 600 points before recovering most of its losses by the end day. The volatility that we have seen in the currency market is only an extension of the movements in equities. On an intraday basis, the Dow saw a 1000 point swing, with stocks up as much as 300 points in the last hour of trading. Two very different factors drove the sharp reversal - no one wanted to be short carry trades going into the G7 meeting and the money from the Lehman (LEH) credit default swaps are coming back into the markets.

The Case for a Bounce Next Week

Even though the economy could still be in for more trouble over the coming months, there is a case for a major bounce next week. Many people are arguing that this week’s sell-off in stocks is tied to the need to raise cash to settle the Lehman Brothers’ credit default swaps. For those who bought protection against a bankruptcy on Lehman brothers, they are set to get 91.375 cents on the dollar. The sellers of the protection will now have to make cash payments of more than $270 billion to the buyers. As the money changes hands, those who have bought protection could now put their payments to work in the equity markets which could pave the way for a serious bounce.


Boarders pls think abt this quote and comment. I get a feeling we have touched the bottom in the first stage so far. We are due for a quick short term bounce back.

article taken from seeking alpha...

Ignore ICICI Bank: R Shah

ICICI Bank

Posted by : sambala
Price when posted : BSE: Rs 364.10 ( -19.71 % ), NSE: Rs. 363.65 ( -19.86 % )

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Moody`s, S&P also give clean chit

BS Reporter

ICICI Bank today received a much-needed boost with global rating agencies Moody`s and Standard & Poor’s (S&P’s) saying the bank’s overseas arms have no significant sub-prime risks

ICICI Bank`s UK subsidiary has no high-risk sub-prime securities and enjoys robust asset quality and liquidity," Moody`s said in its latest credit report.

Moody`s reaffirmed its rating on ICICI Bank UK Plc with a "stable outlook" in its latest credit opinion, which was released after a sharp plunge of about 20 per cent in its parent’s share price in Indian stock exchanges Friday.

The agency retained the ICICI Bank UK rating at `Baa1` for senior debt, which is higher than the foreign currency senior debt rating of any Indian bank.

"It has robust asset quality ratios with no loans classified as impaired,” the rating agency has said. It has also stated that ICICI Bank UK maintains a rather conservative investment policy and does not hold any sub-prime assets, nor does it have exposure to CDOs, SIV/SIV Lites and leveraged loans.

"The mark-to-market impact in its investment book is not associated with any structured or high-risk sub-prime related securities but is due to the general widening of the credit spreads due to the global market conditions," the agency said.

It further asserted that ICICI UK has a relatively high level of capitalisation, with total capital adequacy at 19 per cent at March 31, 2008 and ICICI UK has a strong backing from its parent ICICI Bank Limited.

At the same time, S&P`s senior director, financial institutions ratings, Asia, Ritesh Maheshwari, said in a statement that "credit fundamentals of ICICI Bank continue to remain sound despite the reports on its exposure to Lehman Brothers or the Bakerie group."

"These have to be seen in the context of the $10 billion capitalisation of the bank and $1 billion of profits, Maheshwari said, adding that while the overseas investment portfolio might be subject to mark-to-market valuation loss, it should not be significant enough to hurt ICICI Bank`s credit profile.

The observations by the two rating agencies assume importance in the wake of reports that it was over-exposed to risk caused by the global meltdown and that the bank`s loan profile was not fully secured and credible.

“The mark-to-market impact in its investment book is not associated with any structured or high-risk sub-prime related securities but is due to the general widening of the credit spreads due to the global market conditions,” the agency said.

It further asserted that ICICI UK has a relatively high level of capitalisation, with total capital adequacy at 19 per cent at March 31, 2008 and ICICI UK has a strong backing from its parent ICICI Bank Limited.

At the same time, S&P’s senior director, financial institutions ratings, Asia, Ritesh Maheshwari, said in a statement that “credit fundamentals of ICICI Bank continue to remain sound despite the reports on its exposure to Lehman Brothers or the Bakerie group.”

“These have to be seen in the context of the $10 billion capitalisation of the bank and $1 billion of profits, Maheshwari said, adding that while the overseas investment portfolio might be subject to mark-to-market valuation loss, it should not be significant enough to hurt ICICI Bank’s credit profile.

The observations by the two rating agencies assume importance in the wake of reports that it was over-exposed to risk caused by the global meltdown and that the bank’s loan profile was not fully secured and credible.

...

In reply to:

Ignore ICICI Bank: R Shah

Posted by : MMB Messenger

Rajen Shah, CIO, Angel Broking is of the view that one can avoid ICICI Bank and leading private sector banks for a while.

Where is THE Moderator?

ICICI Bank

Posted by : libran.
Price when posted : BSE: Rs 364.10 ( -19.71 % ), NSE: Rs. 363.65 ( -19.86 % )

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Great!!! so you wait under the tree hoping to pick some ICICI oranges at hundred or sub hundred levels, I am accumlating these shares since sub 400 levels and been averaging it till it went to about 325 levels on friday, you must understand if 3 crores shares are traded some oen is buying them too, markets are always two sided, if all think same no will trade or invest, I am long on this counter and I see this bank fundamentally strong bank, I advice other boarders thought ot keep caution as it their money, what i do with my money is i know, bank will bounce back sharply, happy investing ...

In reply to:

Where is THE Moderator?

Posted by : iinvestr

Why should moderator or for that matter anyone should be responsible for the run on ICICIBANK share price ? Who has asked you to put your money in crap like ICICIBANK. Initially there was talk abt its exposure to subprime mess and then gradually the skeletons began to tumble out of closet. There is no fire without a smoke. When it was quoting at abnormally high price did you ever think abt the bubble that was being created abt it. The scrip is falling with very high volumes ( more than 3 crores of shares) which clearly shows it has to go down a lot more before it finds its bottom, may be around Rs. 100/-

Ignore ICICI Bank: R Shah

ICICI Bank

Posted by : libran.
Price when posted : BSE: Rs 364.10 ( -19.71 % ), NSE: Rs. 363.65 ( -19.86 % )

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Reason is because rajesh shah and his party wants to stock this up at such a dirt cheap price and give a buy recommendations when stock goes back trade at above 500 levels so he can sell it to poor investors all these brokers and analyst are joke, i pity them..wonder where will they go after death ,,,they have duped so many poor investors of their hard earned money... god bless everyone...

In reply to:

Ignore ICICI Bank: R Shah

Posted by : ppu

You have not posted the reason that why one should avoid the ICICI Bank.

DONT DO ANYTHING

ICICI Bank

Posted by : sambala
Price when posted : BSE: Rs 364.10 ( -19.71 % ), NSE: Rs. 363.65 ( -19.86 % )

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ICICI books fine, RBI inspection shows

BS Reporter / Mumbai October 13, 2008

The Reserve Bank of India (RBI) has said its inspection of ICICI Bank and its UK subsidiary has not revealed anything to cause alarm

“During our inspection we did not find much difference between what we would have assessed and what they have said… We inspected ICICI Bank’s UK subsidiary as well and there is nothing to worry about,” RBI Deputy Governor V Leeladhar told Business Standard.

He said the bank has been maintaining sufficient liquidity, estimated at around Rs 5,000 crore. In addition, over the last year or so, the country’s second-largest bank has been more involved in the lending side of the business in the call money market. That shows that there is no liquidity problem and that it is comfortable.

In recent months, the bank has gone slow on lending, especially to retail clients, because interest rates went up and delinquency levels rose. ICICI Bank’s net non-performing assets were estimated at 1.83 per cent of advances at the end of the quarter ended June 2008.

Leeladhar said ICICI Bank has a net worth of around Rs 47,000 crore, its statutory liquidity ratio (SLR) is 26 per cent. The capital adequacy ratio is 13.42 per cent. “So, 50 per cent of their deposits are covered through SLR, cash reserve ratio and capital.

“Because there were fears in certain centres, they went beyond the practice of issuing demand drafts when people shut accounts and instead gave cash. The amount that they have paid to depositors is very, very small compared to the size of their operations. So, there is nothing to worry on that count as well,” he added.

Leeladhar also said the bank has no direct sub-prime exposure overseas. Though the bank has exposure to collateralised debt obligation (CDO) and credit default swaps (CDS), the CDS exposure is only on Indian companies. The CDS exposure to overseas companies has been unwound. “But it is nothing compared to the size of their balance sheet and the capital that they have,” he said.

...

In reply to:

DONT DO ANYTHING

Posted by : vkk43

This type of rumour was there in 1992 fall also. Difficult to know the real picture.

Decoupling days are coming ahead.........

IFCI

Posted by : pkjattking
Price when posted : BSE: Rs 25.00 ( -18.57 % ), NSE: Rs. 25.15 ( -18.21 % )

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Well Canada is country where there is never really full blown rescission in all parts of the country.....There is always if the west is seeing a boom because of comedies the east goes bad because if commodities are higher Canadian dollar is higher and it kills manufacturing in east.... now when dollar is low manufacturing picks up and exports pick up ..... so it goes on and on... there is three hours of time difference with in.... the country is well diversified... cheers...

In reply to:

Decoupling days are coming ahead.........

Posted by : bubbu64

pkjattking

Dont be so upbeat about canada. Just keep watching as the toxic mess keeps spreading its germs all over the world. The first country to be worst affected will be canada. Sooner of later canada is going to see less and less guys bringing in suitcases full of cash. That will soon stop. Britain was a much stronger super when it was in India. Once it left India what happened it was soon taken over by the US. Now its the turn of the US transfer its super power status to China and India. This power centric shift will soon be the order of the day and Asian countries will be the next super powers. I guess once in 100 years this shift takes place from one continent to another. Its time we Indian take the chance one and only chance, forget our prejudices, our single minded and narrow minded attitudes, our hatred by religion and move ahead of China, bocz china is already ahead of us. But we still have a slim chance to make it even. Do we have the ability is the moot question

We indians need to develop the ability to multi task, take logical decisions in real time, and take a proactive look at doing things. The sad part though we do practice it, the scale is very tiny and small at the moment. Poverty has made us think twice in anything we do, poverty has made us greedy at any opportunity given to us. Its every man for himself. this is why we cannot move ahead. I dont need to talk further on this subject, when the no of Indians abroad is proof enough of our inability to reward originalism and hard work. Politics is the order of the day everywhere and hence we live by the minute and not by the days or years. We are not able to plan ahead since we have only learnt how survive for now.

Regards

bubbu64

IndiaBulls Securities

Indiabulls Sec

Posted by : virent10
Price when posted : BSE: Rs 19.65 ( -19.80 % ), NSE: Rs. 19.60 ( -19.84 % )

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Scrip: - IndiaBulls Securities.
BSE Code: - 532960
CMP: - 19.65
Market cap: - 497.93 Cr.
52 Week H/L : - 300.00 - 19.65
Target: - 48 (1 year)

I am advising this scrip because looking at its financial this scrip is available a dirt cheap rate.
More over the company has given a dividend of 375% on Rs 2 Face value which come to around 7 Rs odd.
Look at the 52 week high and low difference.
My advice is that only the conservative and long term investors should go for this scrip.
Accumulate in each dip.
Think ?
Happy Investing....

Decoupling days are coming ahead.........

IFCI

Posted by : pkjattking
Price when posted : BSE: Rs 25.00 ( -18.57 % ), NSE: Rs. 25.15 ( -18.21 % )

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Ok all rite I was just joking here....we have early elections being called here n I think there is surprise coming rite after it.... our mkts are melting... n our dollar is melting...so I m not boosting my self here in any way ok....I think you joked about cold weather ... so I joked back ... thats all... no offense my friend....take care...

In reply to:

Decoupling days are coming ahead.........

Posted by : bubbu64

pkjattking

Dont be so upbeat about canada. Just keep watching as the toxic mess keeps spreading its germs all over the world. The first country to be worst affected will be canada. Sooner of later canada is going to see less and less guys bringing in suitcases full of cash. That will soon stop. Britain was a much stronger super when it was in India. Once it left India what happened it was soon taken over by the US. Now its the turn of the US transfer its super power status to China and India. This power centric shift will soon be the order of the day and Asian countries will be the next super powers. I guess once in 100 years this shift takes place from one continent to another. Its time we Indian take the chance one and only chance, forget our prejudices, our single minded and narrow minded attitudes, our hatred by religion and move ahead of China, bocz china is already ahead of us. But we still have a slim chance to make it even. Do we have the ability is the moot question

We indians need to develop the ability to multi task, take logical decisions in real time, and take a proactive look at doing things. The sad part though we do practice it, the scale is very tiny and small at the moment. Poverty has made us think twice in anything we do, poverty has made us greedy at any opportunity given to us. Its every man for himself. this is why we cannot move ahead. I dont need to talk further on this subject, when the no of Indians abroad is proof enough of our inability to reward originalism and hard work. Politics is the order of the day everywhere and hence we live by the minute and not by the days or years. We are not able to plan ahead since we have only learnt how survive for now.

Regards

bubbu64

Decoupling days are coming ahead.........

IFCI

Posted by : bubbu64
Price when posted : BSE: Rs 25.00 ( -18.57 % ), NSE: Rs. 25.15 ( -18.21 % )

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pkjattking

Dont be so upbeat about canada. Just keep watching as the toxic mess keeps spreading its germs all over the world. The first country to be worst affected will be canada. Sooner of later canada is going to see less and less guys bringing in suitcases full of cash. That will soon stop. Britain was a much stronger super when it was in India. Once it left India what happened it was soon taken over by the US. Now its the turn of the US transfer its super power status to China and India. This power centric shift will soon be the order of the day and Asian countries will be the next super powers. I guess once in 100 years this shift takes place from one continent to another. Its time we Indian take the chance one and only chance, forget our prejudices, our single minded and narrow minded attitudes, our hatred by religion and move ahead of China, bocz china is already ahead of us. But we still have a slim chance to make it even. Do we have the ability is the moot question

We indians need to develop the ability to multi task, take logical decisions in real time, and take a proactive look at doing things. The sad part though we do practice it, the scale is very tiny and small at the moment. Poverty has made us think twice in anything we do, poverty has made us greedy at any opportunity given to us. Its every man for himself. this is why we cannot move ahead. I dont need to talk further on this subject, when the no of Indians abroad is proof enough of our inability to reward originalism and hard work. Politics is the order of the day everywhere and hence we live by the minute and not by the days or years. We are not able to plan ahead since we have only learnt how survive for now.

Regards

bubbu64...

In reply to:

Decoupling days are coming ahead.........

Posted by : pkjattking

Bubbu64 can you name one Canadian bank that is caught in credit crises....though nearly all do business in USA....that why north is smart..... Usa is south from Canada... u c.....lol... just kiddin...

Teledata spoiled mmb boarders` dreams !!!!

Teledata Info

Posted by : kumashish
Price when posted : BSE: Rs 7.01 ( -6.91 % ), NSE: Rs. 7.00 ( -6.67 % )

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Dear Marketman,
Oh definitely there are many including you :). the specialty about TD is that this board will never be bereft of guys who would still be claiming profits in crores in this scrip.
...

In reply to:

Teledata spoiled mmb boarders` dreams !!!!

Posted by : marketman

Kumashish,so,as per your view no boarders are smart enough on this mmb....

Legendary Funds Manager Julian Robertson Predicts Utter Global Collapse Stemming From Bursting of Property Bubble

IFCI

Posted by : bubbu64
Price when posted : BSE: Rs 25.00 ( -18.57 % ), NSE: Rs. 25.15 ( -18.21 % )

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In a recent interview on CNBC with Ron Insana, one of the “old-timer”funds manager, Julian Robertson, predicted “utter global collapse” as a consequence of the bursting of the world-wide property bubble.
Often called “Never Been Wrong Robertson”, the former head of Tiger Management (once the largest hedge fund in the world), is extremely worried about the speculative bubble in real estate.
Specifically, he is very worried about a world that is sustained by American consumer spending which is in turn 1/4 sustained by a property bubble. He predicts that 20 million people could lose their homes once the property bubble bursts.
Even more worrisome, he thinks central banks around the globe out of desperation will try to re-inflate the world economy with more liquidity that will create an inflationary spiral unseen in the economic history of mankind. “Where does it end?”, Insana asked Robertson. “Utter global collapse,” he answered. But not just economic collapse … collapse of epic proportions. Collapse and disintegration of all infrastructure, including government. Inflation will run into the double and triple digits. “Food production will fall. People will be carrying around U.S .
dollars in wheelbarrows like Germany,” he said.
There will be “total collapse of public infrastructure. Total collapse of medical care systems. All public pension plans, Social Security will collapse. All corporate pension plans will collapse.”
“The American consumer is effectively now supporting the rest of the planet,” he continued. “Consumption rates in all other nations are falling, have fallen to the point that the tax revenues to governments, that the business and industries those nation states are providing is now a net negative number relative to total debt service and public cost, that this exists in virtually every nation state on the planet now.”
And for much of this “doom”, interestingly, he blames the Bush-Cheney “regime”. “They have now consolidated power and money on the planet to the maximum extent possible. The planet’s net liquidity, that is its, net free cash flow. Is now a negative number. The planet is not simply sinking into a sea of red ink; it is already sunk. The people just don’t realize it yet,” he said.
According to Robertson, “the Bush-Cheney regime is preparing the nation for transition from democracy into dictatorship because a dictatorship will be necessary to control, in 5 years time, food and water riots.” He said “the federal government, that part of Patriot II Act, the internal exile, that the government is going to have to build now huge detention compounds on federal lands, probably in the West where the land is available, to potentially house 50 million or more citizens that will be in financial ruin.”
In 10 years time, whoever is left will be effectively starting again, he said. “More importantly, and I’m trying to think how we imply this or how we express this to the people, what extraordinary times we are living in and how the destruction of the planet has been engineered by the Bushonian Cabal from 1980 to 1992, and then from 2001 to present, which has effectively destroyed the economic liquidity of the planet,”
he said.
Robertson ended the interview by saying that he hopes he is not alive to see this. “The lucky ones are the ones who are my age now,” he said.
...

Decoupling days are coming ahead.........

IFCI

Posted by : pkjattking
Price when posted : BSE: Rs 25.00 ( -18.57 % ), NSE: Rs. 25.15 ( -18.21 % )

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Bubbu64 can you name one Canadian bank that is caught in credit crises....though nearly all do business in USA....that why north is smart..... Usa is south from Canada... u c.....lol... just kiddin......

In reply to:

Decoupling days are coming ahead.........

Posted by : bubbu64

I am doubtful about canada as it almost mirrors the american stock market. Most people love investing in warm countries than rather cold countries. This is a fact among most corporates and investors. I guess the human body reactions to weather attunes the decision making processes in many corporate investments.

When will HUL Hindustan unilevr announce their results ?

HUL

Posted by : gandhi14
Price when posted : BSE: Rs 222.05 ( -6.72 % ), NSE: Rs. 221.85 ( -6.84 % )

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...

Guj NRE Coke :How much more will it Fall?

Guj NRE Coke

Posted by : totha
Price when posted : BSE: Rs 31.00 ( -19.90 % ), NSE: Rs. 31.05 ( -19.77 % )

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Guest Sir, Plenty of thanks for your calculated message. When it will be Rs. 6.... Pl. be honest, will it be even @12 in next 5 sessions... or say rs. 200 in 40 sessions.... Pl. reply.. ...

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Guj NRE Coke :How much more will it Fall?

Posted by : Guest

This will come to Rs 6 very soon.....just wait and watch....its heading for that journey...I can bet......simultaneously.......if you are long term investor..than do not worry.....it will come back to 200/- in near future...i can bet for this as well.
I myself invested (wasted) 3 lakh on this share...I bought @ 180 price.

Comments welcome.

RPower - Rs.80/- range good buy

Reliance Power

Posted by : sayaba
Price when posted : BSE: Rs 123.70 ( -10.07 % ), NSE: Rs. 124.15 ( -9.84 % )

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No. In the present scenario, actual worth of this stock is below par, i.e. below Rs 10/-. The speed of falling down in this stock is very low. Its speed of falling is required fast to reach its actual price of below par. This stock will be good for buying only when it comes below par, else, more precautions are required at present level or at 48 level. Thanks....

In reply to:

RPower - Rs.80/- range good buy

Posted by : psgs

48 is its true worth as of now in this type of market.