Posts

Showing posts from January, 2016

Investments are subject to market risks

In an investment seminar a man saw a beautiful lady and falls in love instantly. He proposes her. But being a financial planning expert she asks about his background.... He said - "..well, I am an ordinary man today, but few months later, after my ailing father dies, I would inherit 300 crore property ...😊" The lady was deeply impressed ...and they exchanged thier business cards... ...and within a month the lady walks into his house as his step mother...😜 Moral: Investment is subjected to market risks...👉😢

Dosa Economics

Simple explanation of Inflation vs Interest ” Dosa Economics” by RBI Governor Reserve Bank governor Raghuram Rajan today indulged in ” Dosa economics” to drive home the point that low deposit rate coupled with low inflation is better than high rates with high prices. He cited the example of a retiree who had written to Rajan saying, “I used to get 10 per cent earlier on a 1-year fixed deposit, now I barely get 8 per cent….please tell banks to pay me more else I won’t be able to make ends meet”. “The truth is that the retiree is getting more today but he does not realise it, because he is focusing only on the nominal interest (8 per cent) he gets and not on the underlying inflation which has come down even more sharply, from about 10 per cent to 5.5 per cent,” Rajan said while delivering the C.D. Deshmukh lecture at NCAER in New Delhi today.  The RBI governor has, so far, cut the benchmark repo rate by 125 basis points and this has led to banks bringing down their deposit ra...

RBI policy

The Reserve Bank of India (RBI) is expected to leave its key interest rate steady at 6.75% next week and only make one cut this year as rising inflation ties its hands, according to a Reuters poll. That marks a turn from rapidly cooling domestic consumer price inflation, which allowed the RBI to lower the repo rate four times in 2015. Its last 50-basis-point cut in September took markets by surprise, but the RBI isn't likely to act as aggressively in 2016, as a renewed uptick in food-costs driven inflation puts the central bank's medium-term price target at risk. This week's poll of nearly 40 economists showed only one 25 basis-point rate cut this calendar year, between April and June, unchanged from earlier expectations. The RBI wants annual inflation at 5% by March 2017, but December was the fifth straight month inflation ticked up, with the rate rising to 5.61%. "Inflation is likely to accelerate further," said Shilan Shah, economist at Capital Econom...

Important information

Mutual Fund’s Top Picks https://indiaequityanalysis.files.wordpress.com/2016/01/domestic_mutual_fund_action_dec_15.pdf MAJOR COS WHERE MUTUAL FUNDS INVESTED https://indiaequityanalysis.files.wordpress.com/2016/01/major-companies-where-mutual-funds-invested-significantly.pdf

Todays market

27/1/2016 WEDNESDAY 16:35 INDIAN MARKETS: SENSEX:24492.39(+6.44) NIFTY:7437.75(+1.6) BANKNIFTY:15534.6(-26.5) SGXNIFTY:7431.5(+36) EUROPEAN MARKETS: FTSE:5878.04(-33.42) CAC:4330.25(-26.56) DAX:9765.57(-57.18) ASIAN MARKETS: NIKKIE:17163.92(+455.02) STRAITS:2546.18(+0.57) HANGSANG:19052.45(+191.65) SHANGHAI:2736.13(-13.66) US FUTURES ON NSE: DOW:16022.5(+20) S&P500:1887.25(-12.5) GAINERS: NTPC:+4.2% PWRGRD:+3.95% DRREDDY:+2.4% IDEA:+2.38% PNB:+2.07% LOSERS: BHEL:-3.89% AMBUJA:-2.56% ASIANPNT:-2.28% TECHM:-2.23% HUL:-1.97% CURRENCY:16:30 RBI REF RATE:67.9803 USDINR JAN:67.9850(+0.26% EXPIRY) USDINR FEB:68.3875(+0.34%) USDINR MAR:68.7025(+0.31%) USDINR APR:69.0875(+0.18%) COMMODITIES :UPTO:16:30 MCX GOLD FEB:26706(+1.21%) SILVER MAR:35126(+1.29%) CRUDE FEB:2082(-0.86%) NAT GAS FEB:150.2(+3.3%) ALUMINIUM JAN102.7(+2.19%) COPPER FEB:309.1(+2.74%) NICKEL JAN:593(+2.63%) LEAD JAN:113(+2.59%) ZINC JAN:109.3(+5.69%)  Markets end flat ahead of Jan F&O expiry, US Fed mee...

Market Headlines

Business Standard Ø  Don't mess with yuan, China warns star investor George Soros Ø  Mfg activity falls to one year low in Jan: SBI Index Ø  Persistent eyes $1 bn revenue, focus on acquisitions Ø  Cartel hoarding dal stocks abroad to jack up prices: IB Ø  Gold jumps to 12-week high as equities and oil tumble Ø  Germany to invest 130 bn euro on defence: Sources Ø  Chinese banks face more risk amid volatility: Moody's Ø  World steel output falls 2.8% in 2015; first decline since 2009 Ø  Govt mulls coastal economic zones to boost manufacturing Ø  Huge sell-off wipes out Rs 7.9 lakh cr from investor wealth in Jan Ø  Oil rises further above $30 on hopes of deal to tackle glut Business Line Ø  Global fight against corporate tax avoidance takes off Ø  11 Cos object NSAI’s support for cotton seed price regulation Ø  Unit-2 of Kundankulam ...

Market Update

Market Update: Sgx Nifty +25 pts(7460) Nifty Fut(7435) Dow +282.01 pts ,Nsdq +49.18 pts , S&P +26.55 pts, Bovespa  -533 pts , Ftse +34 pts , Dax +86 pts , Cac +45 pts , Nikkei  +314 pts , now, Crude @ $30.62 brl (-0.82), Brent @ $31.80 (+1.30) , Gold @ $1119.80 (-0.40), Silver @ $14.49 (-0.06), Euro @ $1.0862, JPY @ $118.3100, INR @ $67.8362 Today's Corporate Action 27th Jan Ex Date   HCLTECH Interim Dividend - Rs. - 6.0000 MAX Spin Off Today's Key Result 27th Jan Hdfc ( Cog Cons Est Net 1513 Cr -31% Yoy Res-During Mkt) Power Grid( Cog Cons Est Net 1571 Cr +28% Yoy Res- After Mkt ) Accel Front,Aditya Birla Mon,BEL, Bharti Infra,Blue Star Info,Colpal, Dhunseri Petro,Godrej Cons,Graphite, Gnfc,Havells Ind,Heg Ltd,HT Media,Idfc Bank,Just Dial,KPR Mill, Kajaria Cer, Kirloskar Oil,Lg Bala,Mirza ,Neyveli Lig,Nocil,Shanthi Gears,Sks‎ Micro,Tata Coffee,United Spirit,Zenotech ‎ Today's Global Data Jan 27: US API weekly statistical bulletin for the we...

Company news

Kwality Q3: Net Profit At Rs 37.4 Cr Vs Rs 36.12 Cr (YoY) Total Income At Rs 1441.2 Cr Vs Rs 1286.2 Cr (YoY) Unichem Labs Q3: Net Profit At Rs 20.54 Vs 2 Cr (YoY) Total Income At Rs 306.2 Cr Vs Rs 265.8 Cr (YoY) Force Motors Q3: Net Profit At Rs 27.4 Cr Vs Rs 10 Cr (YoY) Total Income At Rs 746 Cr Vs Rs 517 Cr (YoY) EBITDA At Rs 47 Cr Vs Rs 15 Cr (YoY) EBITDA Margin At 6.3% Vs 2.9% (YoY) Persistent Systems Q3: Cons Net Profit At Rs 77.4 Cr Vs Rs 71.8 Cr (QoQ) Cons Total Income At Rs 592 Cr Vs Rs 542.7 Cr (QoQ) Declares Interim Dividend Of Rs 5/Sh RS Software Q3: Cons Net Profit At Rs 13 Cr Vs Rs 7.6 Cr (QoQ) Cons Total Income At Rs 22.7 Cr Vs Rs 65 Cr (QoQ) KEI Ind Q3: Net Profit At Rs 14.8 Cr Vs Rs 8.9 Cr (YoY) Total Income At Rs 559.2 Cr Vs Rs 498.7 Cr (YoY)

Journey of a life of an youngster and the BSE Sensex Index

Journey of Life of an youngster and Indian Stock market (BSE Sensex Index) 1981 - my dad took decision to get married in 1982. Sensex = 173 1983 - I was born and also Indian cricket team winning world cup. Sensex = 212. 1984 - Indira Gandhi shot dead & Bhopal Gas tragedy. Sensex = 245 1989 - Hung parliament with Congress outside support. Sensex = 714. 1991 - Rajiv Gandhi assassination. Sensex = 1168 1992 - Indian economy opening up. Dream budget by MMS. Harshad Mehta Scam. Sensex = 4285. 1993 - Bombing in Mumbai. Also at BSE bldg. Riots all over. Sensex = 2281. 1996 - Indian stock mkt goes digital with NSE's new trading platform. Sensex = 3367. 1999 - NDA coming to power with Atal Bihari Vajpayee as PM. Sensex = 3740. 2000 - Technology boom. Sensex = 5001. 2001 - Gujarat earthquake. Sensex = 3640. 2003 - Big bull run start in Dalalb Street. Sensex = 3049. 2004 - UPA coming to power with Left party support. Sensex = 5591. 2006 - Sensex conquering 10000. 2007 - Sensex conqueri...

Markets falling

Markets Falling : Rajiv had huge debts. Recently he had bagged a huge business order and was expecting to receive a large amount of money, literally a windfall. He was happy because he knew he would now at last have the money to pay off his creditors and get ride of them from his life. Off late they had been calling him not only at work but even had visited him at home. They almost seemed threatening during his last interaction. Once he would receive his due profits, his desire was to pay all his creditors and be at peace. However fortune abandoned him once again when his debtors (this who owed him money) defaulted. So he was back to square one having nothing for his creditors ( to whom he owed huge amount of money ). Now he was petrified. 'What if they, his creditors, use strong arm tactics against him?' Such thoughts started to creep into his mind. His nervousness coupled with lack of time to think of any alternative made him into a distressed seller. He needed mo...

Important information

Here's a financial tip no one gives you. If you owe money to the banks, make sure the amount is huge. Then you won't need to worry about paying it back on time. Or, indeed, in some cases, paying it back at all. This is not a joke. Several top business houses in India owe banks astronomical amounts and have defaulted in repayment. But instead of facing pressure to pay back these loans, companies are routinely given sweet deals: either their loans are 'restructured' in a way that allows a moratorium on interest payments, or their repayment schedule is extended generously. In December 2015, the Supreme Court ruled that under RTI, and in the interest of transparency, banks must reveal the names of companies who default. Until now, banks have refused to share this information easily. In absolute terms, the gross non-performing assets - loans not repaid by borrowers - owed just to state-owned banks was reported at Rs 3.04 lakh crore. That's four times the entire budg...

Nine words of wisdom from Investment Guru's

✔ Nine words of Wisdom told by gurus of Investments 1.The investments made in bad times result in generating great results in future and Vice versa. Prashant Jain- HDFC Mutual Fund 2.I will tell you how to become rich. Close the doors. Be fearful when others are greedy and be greedy when others are fearful - Warren Buffet 3.In Investing what is comfortable is rarely profitable -Robert Arnott 4.If you have more than 120 or 130 I. Q. Points, you can afford to give the rest away. You don't need extraordinary intelligence to succeed as an investor - Warren Buffet 5.More money has been lost trying to anticipate and protect from corrections than actually in them-Peter Lynch 6.In the short run, the market is a voting machine, but in the long run it is a weighing machine. - Benjamin Graham 7. Risk comes from not knowing what you are doing - Warren Buffet 8.Unless you can watch your stock holding decline by 50% without becoming panic - stricken you should not be in the Stock Marke...

How to be a good investor

I want to take this opportunity to re-emphasize some of our frequently repeated advice. We’ve been repeating the same thing for last 15 years and continue to repeat it in the decades to come. Good advice is boring and doesn’t change with time. (Please note that by equity we mean equity funds or index and NOT direct stocks.) 1) The 3 key factors to success in investing are long term orientation, patience and discipline. 2) The minimum holding period for equity investment is 10 years. This is only minimum. The preferred holding period should be in decades. 3) You buy a house, keep it for your whole life and then pass it on to children; equity investments should be viewed in the same way. It is multi-decadal and multi-generational. 4) You don’t look at the value of your house daily, weekly, monthly or even yearly. If you can have the same outlook towards equity as well, you would create huge wealth. 5) There is no short term or medium term. The only term for equity is long term. ...

Good advice for investigating..

I want to take this opportunity to re-emphasize some of our frequently repeated advice. We’ve been repeating the same thing for last 10 years and continue to repeat it in the decades to come. Good advice is boring and doesn’t change with time. (Please note that by equity we mean equity funds or index and NOT direct stocks.) 1) The 3 key factors to success in investing are long term orientation, patience and discipline. 2) The minimum holding period for equity investment is 10 years. This is only minimum. The preferred holding period should be in decades. 3) You buy a house, keep it for your whole life and then pass it on to children; equity investments should be viewed in the same way. It is multi-decadal and multi-generational. 4) You don’t look at the value of your house daily, weekly, monthly or even yearly. If you can have the same outlook towards equity as well, you would create huge wealth. 5) There is no short term or medium term. The only term for equity is long term. ...

Trading on futures segment remains unaffected

Trading on Futures Segment remains unaffected. With stringent surveillance mechanisms in place, the Futures Segment of the Exchange continues to function with the highest transparency and highest integrity in its operation. SEBI has  issued the following directives for the Futures Segment:- a.     Reduction in Daily Price Limits (DPL): the DPL for agricultural commodities have been revised with two slabs (initial and enhanced) and will be effective from February 1, 2016. b.     Reduction in Near month Position Limits:   In case of agricultural commodity derivatives, client level and member level near month position limits have been reduced from the existing 50% to 25% of the overall position limit for that commodity.  The revised near month position limits shall be applicable for all the contracts expiring in month of March-2016 and onwards.  For the Forwards Segment, SEBI has directed that ...

CLSA thinks 2016 will be game changer for Reliance

Multinational brokerage CLSA thinks 2016 will be game changer for Mukesh Ambani-controlled oil-to-telecom giant Reliance Industries. The company is set to commission nearly $30-billion of projects this year alone, setting the stage for faster earnings growth and a possible rise in return on equity.RIL is investing $55 billion till 2018, a sum equal to its current market cap, to expand capacity in petrochemicals, refining and establish the telecom business. Of this, about $30 billion worth of projects will be commissioned in 2016, the largest in the company's history. This is expected to boost revenue and earnings and revive return on equity (RoCE and RoE). RIL's petcoke gasification project, one of the largest in the world and refinery off-gas cracker (ROGC) project are aimed at cutting costs.When commissioned the firm will replace the high cost imported LNG with cheaper petcoke gas adding $2 per barrel to its gross refining margins (GRM). CLSA thinks an addition of 100 millio...

Lagey Raho...

Small investors, lagey raho. Remember, Winners don't quit, and, Quitters don't win.. Business Standard-Mkts slide as global worries persist http://wap.business-standard.com/article/markets/mkts-slide-as-global-worries-persist-116011600028_1.html

Jail term for builder

Consumer forum awards three-year jail term to Unitech chairman Ramesh Chandra, 2 MDs | ET RealEstate http://realty.economictimes.indiatimes.com/news/regulatory/consumer-forum-awards-three-year-jail-term-to-unitech-chairman-ramesh-chandra-2-mds/50585605

Markets this week...

👉 Sensex ends 317.93 points lower with 25 components in the red 👉 BSE realty index falls 4.2 percent, power index slips 3.9 percent, bankex drops 2.7 percent, metals index dips 2.6 percent 👉 SBI plunges more than 6 percent, GAIL slips 5.8 percent, BHEL down 5.7 percent, Axis Bank sheds 4.3 percent - top Sensex losers 👉 Wockhardt plunges more than 15 percent. The stock is the top Sensex small-cap loser. 👉 MARKETS THIS WEEK SENSEX - 1.90 % NIFTY - 2.10 % BANK NIFTY - 5.80 % PSU BANK INDEX - 12.60 % BSE REALTY  - 7.80 % METAL INDEX  - 7.20 % BSE INFRA  - 7.10 % BSE CAP GOODS  - 6.60 % BSE POWER  - 6.40 % MEDIA INDEX -4.90 % AUTO INDEX - 2.60 % PHARMA INDEX -2.00 %

Market buzz on January 15

Market buzz Business Standard Ø  Rupee tumbles by 44 paise to more than 2-year low at 67.29 Ø  Gold bond tranche opens on January 18, other scheme nets in 500 kg Ø  CBI unearths 553 acre land, 61 offices in CP owned by Pearl Group owner Bhangoo Ø  Indian-origin family firm eyes Tata Steel Scottish plants Ø  UN downgrades India GDP forecast for 2016 to 7.5% from 8.2% Ø  New policy likely to boost 'Make in India' by allowing 100% credit for taxes paid on inputs Ø  Union Budget 2016 on Feb 29: Jayant Sinha Ø  Japan banks, cos ready to invest in India's energy sector: Goyal Ø  Govt to set up a new department for auto sector: Nitin Gadkari Ø  Sebi contemplating action against commodity manipulators Ø  Growth in coal-based power installed capacity down to 10.8% Ø  Govt task force recommends stringent rules for online pharmacies Ø  Mkts saddled wit...

#MorganStanley's Ruchir Sharma's views on Global economy

Morgan Stanley's Ruchir Sharma identify and explain the top 10 trends of 2016 that will dictate the global economy and stock markets. Here are the highlights of what Ruchir Sharma said: Trend 1: Global Recession Every 8 Years -Global economy weak and weakening further -2015 the worst year for global economy since 2008 crisis -Recessions follow expansions historically -Current economic expansion an aging cycle -Need to look out for what's going to trip the economy -Need to intensely follow China Trend 2: China The Weakest -Chinese economy has become too large -Record debt facilitated China growth in the past -China debt has become a source of vulnerability -Chinese economy was on a debt binge -China is now 10 per cent of global economic output -Too much debt over short time always a warning bell -40 per cent increase in debt in 5 years a danger mark -Have seen a sharp fall in China's debt profile -China is paying the price of the debt binge Trend 3: Will Chinese Flu ...

Companies to avoid

�� Companies to AVOID .... These companies have not returned debt  (Corporate Fixed Deposit investment) to investors A company which does not pay debt holders is unlikely to make money for stock /equity holders.. Ansal Properties and Infra Asian Electronics Avon Corp Bilcare Ltd. Birla Shloka EduTech (Yash Birla) Elder Pharmaceuticals Helios & Matheson Jaiprakash Associates Jaypee Infratech Jindal Cotex Lyka Labs Micro Technologies Neesa Leisure Omnitech Infosolutions Phadnis Infrastructure Plethico Pharmaceuticals Tricom India Unitech Yash Birla Group Companies reference: Moneylife

Update on the Markets

MORNING MEET UPDATE • SGX NIFTY: 7562 (-23) • CRUDE: Oil prices plunged more than 6% to fresh 12 year lows, WTI 31.41, Brent 31.56; Copper fell to 6.50 year lows • $ INDEX: 98.78, CBOe ViX dropped by over 10% to 24.30; BOND YIELDS: 2.16% • CURRENCIES: Euro 1.08, Yen 117.48, INR 66.81 • US MARKETS: ended mixed, while S&P (+0.09%) & Dow (+0.32%) scraped through in the green, Nasdaq ended lower by 0.12% • Alcoa beat the street and sees record aluminium demand (6% increase) in 2016 and strong aerospace demand; it also sees China as an opportunity and not a threat • EUROPEAN MARKETS: end lower from 0.25% to near 0.70% • ASIAN MARKETS: mixed, Japan lower by over 2% (3 mnth lows) (as it catches up with yesterday’s global fall being shut for the day yesterday), China lower by over 1%, Hong Kong, Taiwan & S Korea flat in green • AP’s retail policy aims to create 20K jobs by 2020; it’s the first state to unveil a retail policy • PF...

BSE Sensex closes at 18 months low

•   BSE Sensex closes at over  1-1/2 year low •   Aurobindo has become the latest global conglomerate      to launch its factory in Saudi Arabia •   Cadila healthcare gets Establishment Inspection Report (EIR)      report form USFDA •   Tata Steel  sales up 11% in Dec Quarter •   IFFCO, the conunty’s largest fertilizer firm is looking to invest in      start-up a Rs 10  crore find to support new ideas and proposals,      preferably related to the agriculture sector •   Rashtriya Ispat Nigarm Ltd (RINL) the corporate entity of      Visakhapatnam Steel Plant Today inked a pact with the      Andhra Pradesh Gov. for expanding its capacity •   Suzlon bags 197.40 MW repeat order from a Independent Power     Producers (IPP) company in Andhra Pradesh •   Reliance I...

Update on Aditya Birla group

Aditya Birla Nuvo Ltd has informed BSE that the Company has fixed Record Date as January 21, 2016 for determining the entitlement of the equity shareholders of Aditya Birla Nuvo Limited to receive, pursuant to the Scheme fully paid up equity shares of the face value of Rs.10/- each of Pantaloons Fashion & Retail Limited in the ratio of 26 (twenty six) equity shares of Pantaloons Fashion & Retail Limited of the face value of Rs.10/- each credited as fully paid up for every 5 (five) equity shares of the face value of Rs.10/- each fully paid up held by the equity shareholders in Aditya Birla Nuvo Limited.

Unitech founder arrested

Unitech founder Ramesh Chandra, his sons ie Ajay, Sanjay sent to judicial custody in a cheating case filed by home buyers @CNBCTV18News

IIFL - MARKET OUTLOOK

IIFL : Market Outlook The highs hit on March 2015 appears to be a distant memory as the benchmark indices have been on a declining curve since then. Moreover, Indian indices have got to the worst possible start in 2016 as well with Sensex plunging below 25,000 for the first time since September 8, 2015 hitting its 52-week low in intra-day trades on Thursday. Rising concerns over a global slowdown, particularly due to a possible hard landing in China, heightened geo-political tensions and lack of visible recovery in India Inc earnings are the reasons for the ongoing fall in the stock market. China’s Yuan devaluation and Hydrogen bomb testing by North Korea dragged global markets into a whirlwind. The slow economic recovery and poor show reported by Corporate India, QoQ, will continue to be a concern. The coming week has a number of larger caps announcing their results. These include Infy, TCS, Indusind Bank and HUL. In line with its latest commentary, Infy would deliver a tepid gr...

Let us stop China..

मित्रांनो हा मेसेज पूर्ण आणि काळजीपूर्वक वाचा आज चीन प्रचंड आर्थिक मंदीच्या सावटाखाली आहे. त्यामुळे चीनने त्यांच्या मुद्रेची किंमत 30% कमी केली आहे. जागतिक अर्थतज्ञांचे मत आहे की चीन स्वतःच्या उत्पादनांच्या किमती कमी करुन आर्थिक मंदीचा सामना करण्याचा प्रयत्न करेल त्यामुळे भारतीय आणि इतर देशांच्या बाजारपेठेत चीनी उत्पादने अत्यंत कमी किमतीत उपलब्ध होतील पण हिच खरी वेळ आहे चीन ला आर्थिकदृष्टया झोपवण्याची कारण चीन ची जगातली सर्वात मोठी बाजार पेठ भारत देश आहे कारण चीन भारतीय बाजारपेठेत दरवर्षी किमान 62 लाखकरोड रुपयांचा व्यवसाय करतो. आणि आपल्याला माहित आहे कि चीन भारताची सीमारेषा हळूहळू काबीज करतोय तसेच गुप्तरित्या भारताचे शत्रुराष्ट्र पाकिस्तानलाही छुपी मदत करतोय. तेंव्हा आत्ता ही एकच नी शेवटची वेळ आहे चीन ला आर्थिक दृष्टया गाडून टाकण्याची तेंव्हा आपणा सर्वांना हातजोडुन विनंती आहे कि पुढील फक्त 1 महीना कोणतीही चीनी बनावटीची थोडक्यात MADE IN CHINA वस्तू अजिबात खरेदी करू नका. तसेच जे आमचे व्यापारी मित्र आहेत त्यांनी पण कृपया चीनी माल स्वस्त मिळतोय म्हणुन मोठ्या प्रमाणावर खरेदी अथवा विक्र...

CBI arrests CMD of Pearl Group

CBI arrests CMD of Pearl Group of Companies Nirmal Singh Bhangoo in the Rs 45000 crore ponzi scam case (PTI)

Warren Buffets gems..

Dear All, In view of the bloodbath in currency, commodity & stock markets across the world since Monday, I am reminded of what American investment guru Warren Buffet had said at the peak of US financial crisis that still holds true : + Hard work : all hard work brings profit, but mere talk leads only to poverty + Laziness : a sleeping lobster is carried away by the water current + Earnings : never depend on a single source of income + Spending : if you buy things you don't need, you'll soon sell things you need + Savings : don't save what is left after spending, spend what is left after saving + Borrowings : the borrower eventually becomes the lender's slave + Accounting : beware of little expenses, a small leak can sink a large ship + Risk taking : never test the depth of river with both feet + Investment : don't put all your eggs in one basket What was said six years back, holds true today. If the advice is heeded & implemented, the financial ...

Sensex predictions vs. Reality

Nobody remembers or talks of all the old index targets given by experts....here is a ready reckoner of the same.... Vibhav Kapoor of IL&FS – “See NIFTY at 9000 by March 2015” (Source) Hartmut Issel of UBS – “Nifty could trade between 9000 & 9500 by December 2015” (Source) UBS bullish on Indian equities sets end-2015 Nifty target at 9,600 (Source) Ambit Capital – “March 2015 Sensex target of 30000” (Source) Ridham Desai of Morgan Stanley – “Dec 2015 Sensex target 32500” (Source) JM Financials – “See Nifty at 10700 by Dec 2015” (Source) Edelweiss – “Sensex to touch 29,600 by March 2015” (Source) Gautam Chhaochharia and Sanjena Dadawala of UBS Global Research – “Nifty will touch 9,600 points by the end of 2015.” (Source) Alok Aggarwal, co-founder and chairman of Evalueserve – “SENSEX could touch the 50,000-mark by the December 2015(Source) Atul Suri of Rare Enterprises (Rakesh Jhunjhunwala) – “Nifty Will Surge To 10,460 By Mid 2015” (Source) Timothy Moe, Goldman Sachs...

Why Chinese market is falling?

Why Chinese market is falling ? Chinese stock markets are in complete collapse right now, with the main Shanghai Composite index losing 30% of its value in just the last three weeks. The turmoil is now starting to spread to other Asian markets and global commodities markets. The reason behind the crash is this: millions of ordinary Chinese citizens sunk borrowed cash into shares, which inflated prices to unsustainable levels. When prices began to dip, these investors were forcing to sell shares to pay back the borrowed money and cover losses. That vicious circle of selling is going on right now and it's creating "panic" and pushing down prices. A huge amount of money has been put into Chinese stock markets over the past year or so by regular Chinese people, something the government has encouraged. There are now 90 million "retail" investors - ordinary people who own stocks - in China, making up 80% of all shareholders. That means there are more s...

Tax structure in India

↗TAX STRUCTURE IN INDIA ➿➿➿➿➿➿➿ ☑ 1) What r u doing? Ans. : Business Tax : PAY PROFESSIONAL TAX! ☑ 2) What r u doing in Business? Ans. : Selling the Goods. Tax : PAY SALES TAX! ☑3) From where r u getting Goods? Ans. : From other Area / State / Abroad. Tax : PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI AND NOW LBT & LPT! ☑ 4) What r u getting in Selling Goods? Ans. : Profit Tax : PAY INCOME TAX! How do you distribute profit ? Ans. : By way of dividend Tax : Pay DIVIDEND DISTRIBUTION TAX! ☑ 5) Where r u Manufacturing the Goods? Ans. : Factory Tax : PAY EXCISE DUTY! ☑ 6) Do u have Office / Warehouse / Factory? Ans. : Yes Tax : PAY MUNICIPAL & FIRE TAX! ☑7) Do you have Staff? Ans. : Yes Tax : PAY STAFFS PROFESSIONAL TAX! ☑ 8) Doing business in Millions? Ans. : Yes Tax : PAY TURNOVER TAX! Ans. : No Tax : Then pay MINIMUM ALTERNATE TAX (MAT) ☑ 9) R u taking out over 25,000 Cash from Bank? Ans. : Yes, for Salary Tax : PAY CASH HANDLING TAX! ☑ 10) Where r u lodging your...

Volatility is common in Markets. Stay calm.

🇮🇳 Volatility is very normal, Be comfortable. 🇮🇳 💥 Morgan Housel says, since 1900, U.S. S&P 500 index has provided an annualised return of 6.5%. During the same period, the average difference between any year’s highest close and lowest close is 23%. 🔵 checked for last 10 years, the difference between highest close and lowest close for Sensex. 🔹The data is given below: Year            High                Low              Difference 2006           14035               8799               37.30% 2007           20498     ...

The price you pay for doing honest social work.

Dear All, I had posted an article titled Mumbai Realty Hall of Shame in which we had provided information on 16 builders of Mumbai who have been in the news for all wrong reasons. The information was authentic and posted after whetting its reliability from our sources in the industry, informers in the police and journalists friends. Still, after the post, firstly you received some hostile questions, then some people threatened me on phone asking me to remove the post else face 'consequences'. One builder sent me a legal notice stating that he had a stellar reputation, while some other nudged me politely thru mutual contacts whom I could not refuse. Believe me, the pressure was enormous and finally I decided to delete that post - not because I was afraid but definitely irritated at the constant pressure. But friends, all the information was authentic as everyone who was pressuring used to tell me that except his, information about all others is true...

Religare downgrades ICICI Bank, Axis and SBI

Religare downgrades ICICI Bank, SBI and Axis Bank to sell on NPA concerns: The Strategic Debt Restructuring scheme - an ammunition that gives banks right to control majority stake of defaulting borrowers - will not solve the issues related to stressed loans but on the contrary it will result in lenders postponing recognition of Rs 1.5 lakh crore as problem loans to later years. This is predicted in a report released by Religare Capital today which estimates that several SDR or Strategic Debt Restructuring cases would fail resulting in formation of huge non-performing assets in years to come. The brokerage in its report has downgraded State Bank of India, ICICI Bank and Axis Bank from 'buy' to 'sell'. Bank of Baroda, Canara Bank and Punjab National Bank were downgrades from 'hold' to 'sell.' SDR allows banks to acquire 51% stake in a troubled companies by converting debt into equity. But, within 18 months of initiating SDR, banks have to find a buyer...

Update on China

The People's Bank of China fixes Yuan Mid-Point at 6.5169 vs. previous market close of 6.5338.  China Central Bank also injected 130 billion into the money market through 7 day reverse repo.   These actions are likely to cool off the currency as well as arrest the freefall of the equities.  We may at least see a pause in the sell-off.

Useful information regarding Banks

All banks started this. Know ur bank account balance by giving a missed call to below numbers…from your registered mobile number. Don’t waste your ATM transactions just to see your balance… 1. Axis Bank – 09225892258 2. Andhra Bank – 09223011300 3. Allahabad Bank – 09224150150 4. Bank of Baroda – 09223011311 5. Bhartiya Mahila Bank – 09212438888 6. Dhanlaxmi Bank – 08067747700 7. IDBI Bank – 09212993399 8. Kotak Mahindra Bank – 18002740110 9. Syndicate Bank – 09664552255 10. Punjab National Bank -18001802222 11. ICICI Bank – 02230256767 12. HDFC Bank – 18002703333 13. Bank of India – 02233598548 14. Canara Bank – 09289292892 15. Central Bank of India – 09222250000 16. Karnataka Bank – 18004251445 17. Indian Bank – 09289592895 18. State Bank of India – Get the balance via IVR 1800112211 and 18004253800 19. Union Bank of India – 09223009292 20. UCO Bank – 09278792787 21. Vijaya Bank – 18002665555 22. Yes Bank – 09840909000 23. South Indian Bank- 0922300848 24.Bank of Maharashtra- 9222...

Market slumps today

4/1/2016 MONDAY 17:30 INDIAN MARKETS: SENSEX:25623.35(-537.55) NIFTY:7791.3(-171.9) BANKNIFTY:16599.15(-440.1) SGXNIFTY:7794(-8) EUROPEAN MARKETS: FTSE:6094.91(-147.41) CAC:4506.02(-131.04) DAX:10309.03(-433.98) ASIAN MARKETS: NIKKIE:18450.98(-582.73) STRAITS:2835.97(-46.76) HANGSANG:21327.12(-587.28) SHANGHAI:3296.54(-242.64) US FUTURES ON NSE: DOW:17115(-310) S&P500:2011(-34.5) GAINERS: HUL:+0.29% ASIANPAINT:+0.23% WIPRO:+0.22% HCL:+0.01% LOSERS: TATAMOT:-6.18% IDEA:-5.31% BOB:-4.94% HINDALCO:-4.89% PNB:-4.08% CURRENCY: RBI REF RATE:66.4623 USDINR JAN:66.8475(+0.68%) USDINR FEB:67.1850(+0.68%) USDINR MAR:67.5000(+0.50%) COMMODITIES :UPTO:17:30 MCX: GOLD FEB:25338(+1.51%) SILVER MAR:33785(+1.35%) CRUDE JAN:2508(+1.13%) NAT GAS JAN:154.1(-1.78%) ALUMINIUM JAN:99(-1.35%) COPPER FEB:310.5(-1.83%) NICKEL JAN:577(-1.45%) LEAD JAN:117.4(-0.97%) ZINC JAN:105.05(-1.45%) SBI, BHEL, L&T hit 52-week low Sensex slumps over 500 points as China rattles global stocks Open offer...

Market News

🔴 DURING THE MARKET 🔹China drop due to - lifting of short selling ban / low mfg pmi for 5th consecutive month / currency devaluation. 🔹Sensex plunges more than 500 points. Nifty declines nearly 170 points,  29 components trading in the negative territory 🔹Indian shares, which fell in early trade on weak Asian cues, are further under pressure after data showed factory activity contracted in December for the first time in over 2 years. 🔹Bank stocks update :- Bank of Baroda down 5 pct, Yes Bank slips 3.9 pct, PNB sheds 3.5 pct, ICICI loses 2.9 pct., BSE bankex is down more than 2 pct 🔹BSE mid-cap sub-index falls 1.51 pct at 01.40 p.m. IDBI slumps 5.84 pct, Oriental Bank 5.34, Aurobindo Pharma dip 4.3 pct. 🔹Losses in Bosch, Grasim, Ultratech Cement, Lupin and Hero MotoCorp are weighing on the Nifty, which is trading more than 160 points 🔹IRB Infrastructure rises 4.7 pct to 256.60 rupees. The company was awarded a road project worth 100.5 billion rupees in Jammu and Kas...

Auto industry news

Auto industry news: DECEMBER AUTO SALES  : TVS Motors sales at 2,02,086 units vs 1,91,880 units, up 5.3% YoY DECEMBER AUTO SALES  : Ashok Leyland sales at 12,209 units vs 9290 units, up 31% YoY DECEMBER AUTO SALES  : Tata Motors total sales at 39,973 units, down 4% YoY DECEMBER AUTO SALES  : SML Isuzu Dec total sales at 877 units vs 1,073 units YoY DECEMBER AUTO SALES  : Royal Enfield Dec total sales  at 40,453 units vs 28,634 units YoY HeroMotoCorp sales down 5 % at 4.9 Lakh units vs 5.2 lakh units YoY December Auto Sales: M&M:  Dec sales up 4% at 37,915 vs 36,328 units (YoY) December Auto Sales: Atul Auto sales 4,005 units vs 3,708 units (YoY)" Coal India December Offtake at 48.16 MT vs aim of 49.46 MT; December output at 52.07 MT vs aim of 51.08 MT" Thomas Cook says Quess completes remaining 51% stake buy in MFX Unity Infra allots 3.92 mn shares at Rs 27.52 each to CDR lenders BPCL, ONGC Mozambique project viable at current gas pri...

Banks misusing Sarfesi Act - Victimize small borrowers - let off big fish

Here's a financial tip no one gives you. If you owe money to the banks, make sure the amount is huge. Then you won't need to worry about paying it back on time. Or, indeed, in some cases, paying it back at all. This is not a joke. Several top business houses in India owe banks astronomical amounts and have defaulted in repayment. But instead of facing pressure to pay back these loans, companies are routinely given sweet deals: either their loans are 'restructured' in a way that allows a moratorium on interest payments, or their repayment schedule is extended generously. In December 2015, the Supreme Court ruled that under RTI, and in the interest of transparency, banks must reveal the names of companies who default. Until now, banks have refused to share this information easily. In absolute terms, the gross non-performing assets - loans not repaid by borrowers - owed just to state-owned banks was reported at Rs 3.04 lakh crore. That's four times the entire bud...