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Among the salient features of the new Bill, it provides for appointment of a minimum of 33 per cent independent directors on the board of companies and places restrictions on corporate entities in raising deposits from the public. For one, it prohibits the issue of shares at discounts to stop the current practice by some promoters of issuing shares to themselves at a discount.
Besides, the proposed legislation recognises the chief executive officer (CEO), chief financial officer (CFO) and company secretary as “key managerial personnel” and provides for a single forum for mergers and acquisitions.
Shareholder interest
To protect the interests of shareholders, the new Bill seeks to ensure that the right of investors over dividend or security lying unclaimed for more than seven years is not taken away. In this regard, the investor education and protection fund is to be administered by a statutory authority.
The new Bill seeks to put in place a more effective regime by providing for inspections and investigations while including provisions of recovery and disgorgement.
On the issue of limiting the Government’s role, Corporate Affairs Ministry Joint Secretary Jitesh Khosla said: “The new Bill replaces the Government’s intervention by shareholders’ control. It demands greater disclosures.”
As for the interests of small companies, the Bill has proposed a new entity in the form of one-person company and empowers the Government to simplify the compliance regime for them. Alongside, it provides a wider choice on the number of partners in a partnership firm and others, including banking companies with a maximum limit of 100.
Restrictions on subsidiaries
Among some of the other provisions of the Bill, while companies will not have any restrictions on the number of subsidiaries, it proposes to make the consolidation of financial statements of subsidiaries with those of holding companies mandatory.
...
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India’s largest private sector firm by market capitalization and oil refiner Reliance Industries (RIL) rebounded after declining for previous three days. The stock advanced 2.67% to Rs 2129 on 7.68 lakh shares. On 26 Tuesday, August 2008, RIL confirmed media reports that it is planning to transfer 80% of its participatory interest (PI) in the D6 oil and gas block in the Krishna Godavari (KG) basin to four unlisted subsidiaries.
Auto shares rose. Tata Motors (up 5.59% to Rs 441), Maruti Suzuki India (up 3.44% to Rs 651.85), Bajaj Auto (up 1.33% to Rs 588.45), Mahindra & Mahindra (M&M) (up 1.57% to Rs 576) and Hero Honda Motors (up 0.40% to Rs 825.05), rose. The BSE Auto index gained 2.30% to 4,001.23
DLF (up 4.13% to Rs 487.60), Ansal Infrastrcutures (up 3.41% to Rs 100), Sobha Developers (up 3.87% to Rs 266), Indiabulls Real Estate (up 11.97% to Rs 290) edged higher from the realty pack. The BSE Realty index rose 5.10% to 4,995.25
Tata Steel, the world\'s sixth-largest steel maker by capacity, gained 4.86% to Rs 599.60. The company said after trading hours yesterday, 28 August 2008, its consolidated net profit rose 60.4% to Rs 3900.90 crore in Q1 June 2008 over Q1 June 2007, boosted by its Anglo-Dutch unit Corus.
India\'s largest oil exploration firm Oil & Natural Gas Corporation rose 2.50% to Rs 1024.70. British oil and gas explorer Imperial Energy said on Tuesday, 26 August 2008, that its management has agreed to a takeover from ONGC worth 1.4 billion pounds ($ 2.6 billion).
IT pivotals climbed up on fresh buying. Infosys Technologies, the country’s second largest software services exporter advanced 2.92% to Rs 1749.50. The company said after trading hours on Monday, 25 August 2008, it has agreed to acquire UK based SAP consulting company Axon Group plc, for 407.1 million pounds or Rs 3310 crore. Axon reported profit after taxation of 20.2 million pounds (Rs 160 crore) on revenue of 204.5 million pounds or Rs 1660 crore in the year ended 31 December 2007.
India’s third largest software services exporter Wipro jumped 4.59% to Rs 433 on reports the company may buy a German competitor that advises companies running business software made by SAP AG.
Satyam Computer Services (up 3.33% to Rs 420) and TCS (up 2.44% to Rs 813) advanced. The BSE It index gained 2.94% to 3,966.75
Telecom stocks were in demand. India\'s top cellular services provider by market capitalisation Bharti Airtel advanced 4.50% to Rs 839.85. A massive block deal of 1.01 crore shares was struck on the counter at Rs 813.95 at 11:59 IST on BSE. It was the top traded counter on BSE with turnover of Rs 867.79 crore.
Reliance Capital (Rs 310 crore), ICICI Bank (Rs 171.10 crore), Reliance Industries (Rs 163.50 crore) and State Bank of India (Rs 161.30 crore), were the other turnover toppers on BSE.
Reliance Communications, the country’s second largest cellular services provider by market capitalisation jumped 2.61% to Rs 395.50.
Capital goods heavyweights rebounded after suffering steep losses yesterday, 28 August 2008. Bharat Heavy Electricals, the country’s largest power equipment maker by sales, surged 4.86% to Rs 1708 after the company said it has secured a contract worth Rs 1155 crore for supply of power generation equipment to a plant in Punjab. The company made the announcement during trading hours today, 29 August 2008.
India’s largest engineering & construction company by outstanding order book position Larsen & Toubro gained 3.53% to Rs 2589.90. The BSE Capital Goods index advanced 3.43% to 11,886.62
Cement shares rose despite recent foreign brokerage report which showed cement prices are set to decline 15-20% by fiscal 2009-10 due to increase in cement supplies. ACC (up 1.95% to Rs 563), Ambuja Cement (up 1.26% to Rs 80.30), and India Cement (up 2.91% to Rs 139.30), rose.
Reliance Infrastructure (up 5.31% to Rs 985), HDFC (up 3.75% to Rs 2332), and Jaiprakash Associates (up 5.38% to Rs 164.50), edged higher from the Sensex pack.
Reliance Natural Resources topped volumes chart clocking volumes of 1.41 crore shares followed by Bharti Airtel (1.07 crore shares), Chambal Fertilisers (81 lakh shares), IFCI (78.20 lakh shares) and Ispat Industries (75.60 lakh shares), in that order.
National Aluminium Company spurted 5.26% to Rs 388.15 on reports the company begun importing coal to overcome shortages, which forced the company to cut alumina output in July 2008.
Unitech gained 3.07% to Rs 157.85 after its telecom unit received 4.4 megahertz of spectrum in the GSM band in Madhya Pradesh. The company made the announcemnt after market hours yesterday, 28 August 2008. With this, the company has been allotted initial spectrum in six service areas out of the total 22 service areas, the statement added
courtesy - CM
...
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Market spurts as inflation softens for first time in 28 weeks
Intense buying throughout the day triggered by data showing a slower-than-expected GDP growth in Q1 June 2008 and softening of inflation, helped the market settle near day’s high. The BSE 30-share Sensex jumped 516.19 points. Strong global cues and healthy rollover of derivatives positions also aided the rally. The market breadth was strong. Interest rate sensitives were the flavor of the day. All the BSE sectoral indices posted gains.
India\'s gross domestic product (GDP) grew 7.9% in the June 2008 quarter from a year earlier, easing from the previous quarter\'s 8.8% rise as industrial activity slowed due to monetary tightening. The GDP growth in the first quarter of the current fiscal year was lower than market expectations of a rise of a little above 8%. The government released the GDP data at about 11:00 IST today, 29 August 2008.
The BSE 30-share Sensex jumped 516.19 points or 3.67% at 14,564.53. The Sensex struck an intra-day high of 14,586.16 in late trade. At the day’s high, the Sensex gained 537.82 points. Sensex opened 230.68 points higher at 14,279.02, which was also its day’s low.
The S&P CNX Nifty advanced 146 points or 3.46% to 4360. Nifty September 2008 futures were at 4364, at a premium of 4 points as compared to spot closing of 4360.
The BSE Sensex is down 5722.46 points or 28.20% in the calendar year 2008 so far from its close of 20,286.99 on 31 December 2007. It is 6642.24 points or 31.32% away from its all-time high of 21,206.77 struck on 10 January 2008.
Derivative contracts for August 2008 series expired yesterday, 28 August 2008 with strong rollovers. As per reports, marketwide rollover of positions from August 2008 series to September 2008 series stood at 83% while that of Nifty was at 75%. In the previous series, marketwide rollover of positions stood at 79% as while that of Nifty was at 65%
The market breadth was strong on BSE with 1828 shares advancing as compared to 832 that declined. 96 remained unchanged.
The total turnover on BSE amounted to Rs 5408 crore as compared to Rs 4,063.05 crore yesterday, 28 August 2008. NSE\'s futures & options (F&O) segment turnover was Rs 43,170.27 crore, lower than Rs 66,164.24 crore on Thursday, 28 August 2008.
Grasim was the lone loser from the 30-member Sensex pack. The diversified firm was down marginally by 0.05% to Rs 1936.
Strong buying was witnessed in interest rate sensitive sectors viz. banking, real estate and auto, as the latest data showed inflation softened for the first time in 28 weeks.
India’s largest state-run bank by net profit State Bank of India surged 7.23% to Rs 1404.10 on 11.56 lakh shares. It was the top gainer from Sensex pack.
HDFC Bank (up 5.40% to Rs 1281), and ICICI Bank (up 5.88% to Rs 671), advanced. The Bankex vaulted 6.27% to 7,009.69 and was the top gainer among the sectoral indices on BSE
Mid-cap bank shares also joined the rally. Oriental Bank of Commerce (up 8.06% to Rs 165), Bank of India (up 5.88% to Rs 266.35), Bank of Baroda (up 3.44% to Rs 283), Axis Bank (up 7.91% to Rs 723.70), and Kotak Mahindra Bank (up 9.54% to Rs 609.90), advanced.
Annual wholesale price inflation rose 12.40% in 12 months to 16 August 2008, below the previous week\'s 12.63% but remained stuck at 13-year highs, data released by the government after trading hours on Thursday, 28 August 2008 showed. No conclusion can be drawn from one week\'s inflation number, Finance Minister P Chidambaram said.
Inflation has nearly tripled from 4.39% a year ago and now is riding around the highest levels since the current inflation series began being compiled 13 years ago.
-courtesy CM...
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Hinduja Foundries on a roll
Hinduja Foundries was locked at upper limit of 5% to Rs 196.75 on BSE, extending gains for the fourth trading session in a row.
On BSE, 3139 shares were traded in the counter. The scrip had an average daily volume of 2001 shares in the past one quarter.
The stock hit a high of Rs 196.75 and a low of Rs 194.45 so far during the day. The stock had a 52-week high of Rs 314.90 on 8 January 2008 and a 52-week low of Rs 122 on 19 March 2008.
The scrip has risen 15.73% in the past four trading sessions from Rs 170 on 25 August 2008.
The scrip had outperformed the market over the past one month till 28 August 2008, falling 1.39% compared to the Sensex’s 2.10% fall. It had also outperformed the market in the past one quarter, falling 12.80% compared to Sensex’s 14.99% fall.
The small-cap iron and aluminum castings maker has an equity capital of Rs 18.68 crore. Face value per share is Rs 10.
The current price of Rs 196.75 discounts its Q1 June 2008 annualised EPS of Rs 9.79, by a PE multiple of 20.09.
Hinduja Foundries’ net profit rose 11.7% to Rs 4.57 crore on a 19.8% rise in sales to Rs 125.20 crore in Q1 June 2008 over Q1 June 2007.
Hinduja Foundries manufactures metal castings for the automobile industries in India. The company\'s products includes grey iron, aluminium gravity die, casting for automobile, industrial engine, power generator, tractors as well as defence applications.
Previous Stories
Hinduja Foundries appoints additional directors (Corporate News 4-Aug 15:22)
Hinduja Foundries net profit rises 11.49% in the June 2008 quarter (Results - Announcements 31-Jul 15:46)
Hinduja Foundries to raise funds (Corporate News 8-Jul 10:34)
Hinduja Foundries net profit rises 5.41% in the March 2008 quarter (Results - Announcements 6-May 16:47)
Hinduja Foundries recommends dividend (Corporate News 6-May 16:21)
Hinduja Foundries to consider dividend (Corporate News 5-May 10:12)
Hinduja Foundries raises US$ 15 million (Corporate News 25-Apr 11:11)
Stake sale buzz fails to lift Hinduja Foundries (Hot Pursuit 14-Mar 10:05)
Ennore Foundries to change its name (Corporate News 28-Feb 17:08)
Ennore Foundries net profit declines 76.75% in the December 2007 quarter (Results - Announcements 24-Jan 19:37)
-CM...
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RNRL tops volumes on BSE
Bharti Airtel, Chambal Fertilizers & Chemicals, IFCI and Marksans Pharma are among the other volume toppers on BSE.
Reliance Natural Resources (RNRL) gained 3.66% to Rs 94.95 on a volume of 1.24 crore shares on BSE. It was the top traded counter on BSE in terms of volumes. The Bombay High Court on Thursday, 21 August 2008, suggested that the warring Ambani brothers go back to their mother Kokilaben and have the dispute settled.
The division bench of Justices JN Patel and KK Tated are hearing the dispute between the Anil-Ambani controlled Reliance Natural Resources (RNRL) and Mukesh Ambani’s Reliance Industries (RIL) over supply of natural gas from the later\'s eastern offshore Krishna-Godavari gas fields. Ram Jethmalani, counsel for RNRL, said Anil Ambani was ready to meet his elder brother any time, any place. The case hearing has been adjourned to 1 September 2008.
Bharti Airtel surged 3.91% to Rs 835.05 on a volume of 1.05 crore shares and stood second in the list of top traded counters on BSE. A massive block deal of 1.01 crore shares was struck in the counter at Rs 813.95 at 11:59 IST on BSE today, 29 August 2008.
Chambal Fertilizers and Chemicals spurted 5.30% to Rs 73.55 on a volume of 74.47 lakh shares on BSE. It was the third top traded counter on BSE.
IFCI moved up 5.28% to Rs 44.90 on a volume of 69.28 lakh shares on BSE. It was the fourth top traded counter on BSE.
Marksans Pharma slumped 4.91% to Rs 19.35 on a volume of 68.26 lakh shares on BSE and stood fifth in the list of top traded counters on BSE. On 28 August 2008, the company said it had acquired 100% stake in Relonchem, a leading UK based generic pharmaceutical company, for an undisclosed sum.
-CM
...
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Indiabulls Real Estate leads gainers in \'A\' group
Kotak Mahindra Bank, Union Bank of India, Oriental Bank of Commerce, and Indiabulls Financial Services are among the other gainers.
Financial and realty sector shares dominated gainers in BSE\'s \'A\' group today after data showing softening of inflation raised hopes of the central bank keeping key lending rates unchanged in its next monetary policy review.
Realty developer Indiabulls Real Estate soared 11.51% to Rs 288.80. It topped gainers in BSE\'s A group shares.
Private sector lender Kotak Mahindra Bank spurted 8.79% to Rs 605.75. It was the second biggest gainer in A group.
State-run bank Union Bank of India flared up 8.60% to Rs 143.35. It was the third biggest gainer in A group.
Another state-run bank Oriental Bank of Commerce jumped 8.48% to Rs 165.65. It was the fourth biggest gainer in A group.
Indiabulls Financial Services sprout 8.01% to Rs 250. It was the fifth biggest gainer in A group.
...
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Tough one... In recent days it has been true - the market has remained rangebound during most of the day, and after 2.30 either short covering or profit taking pushes the market up or down.
There's money to be made (usually) in the last 45 min, but you better be on your feet.
...
In reply to:
TRADING : How to avoid Trading Mistakes?
Posted by :
vam_aru
another one,
If you have any positions never cover it or book it during the Trading day, always take decision at the end of the day !!
what do you say?
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another one,
If you have any positions never cover it or book it during the Trading day, always take decision at the end of the day !!
what do you say?
...
In reply to:
TRADING : How to avoid Trading Mistakes?
Posted by :
Oldtimer
Dear Aru,
You have made quite a good list of donts and do for trading.
But for each of the above rules, there are always exceptions, that you have not foreseen. This is probably reflected in your point 13, but I chose to put it differently:
***The market always has a way to beat you. ***
:)
Regards
OT
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High Risk -NIFTY FUTURE BUY @ 4360
courtesy stoxandmore...
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AUTOMOBILE: General Motors India\'s powertrain making unit at Talegaon, near
Pune, will begin operations by Jan-Mar 2010. (NW18)
.
AVIATION: Greater Noida airport plan shot down. (DNA)
.
EXCHANGES: Bombay Stock Exchange has got in-principle approval from
Securities and Exchange Board of India to set up platform for currency
futures trading. (NW18)
.
FOOD AND BEVERAGES: U.K.-based Karan Billimoria exploring outright sale of
Cobra Beer after drinks giant Diageo called off a transaction to pick up a
minority stake in the company. (ET)
.
INFORMATION TECHNOLOGY: Sify Technologies plans to spend $100 mln over the
next two years on data centres. (NW18)
.
INFRASTRUCTURE: The National Highways Authority of India has prevented two
shortlisted companies--GMR Group and Madhucon Projects--from bidding for the
176-km highway stretch in Andhra Pradesh. (Mint)
.
MISCELLANEOUS: Pakistan\'s Karachi Stock Exchange placed a floor price for
shares to prevent any further decline. (NW18)
.
OIL AND GAS: City gas distribution revolution nears; formal bids to be sought
in a month. (DNA)
.
PRIVATE EQUITY: Hong Kong-based Baring Private Equity Asia has acquired a
stake in architecture and engineering company RSP Design Consultants India.
(NW18)
.
REGULATOR: SEBI to clamp down on fake portfolio managers. (HT)
.
RETAIL: Subhiksha Trading Services is planning to invest up to 4 bln rupees
to roll out large format retail stores across the country over the next 12
months. (NW18)
.
STEEL: Tata Steel Chairman Ratan Tata says the industry is facing great
challenges relating to rising costs of key inputs, iron ore and coking coal,
which would impact steel and could result in \"recessionary trend\" in the
sector. (NW18)
.
STOCK EXCHANGES: Bombay Stock Exchange has received in-principle approval from Securities and Exchange Board of India to set up a platform for currency
futures trading. (NW18)
.
TELECOM: Government will auction 3G spectrum for companies providing telecom
services based on code division multiple access technology as well. (NW18)
...
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* BALLARPUR INDUSTRIES: Apr-Jun consolidated net profit 697 mln rupees. (NW18)
.
* CIPLA: Expects its revenue growth at 12-15% in 2008-09 and will continue to
pursue an aggressive expansion policy to cater to increased volume growth.
(NW18)
.
* DECCAN AIRWAYS: To be rebranded Kingfisher Red. (BS)
.
* DISHMAN PHARMACEUTICALS: To invest 5 bln rupees in setting up two special
economic zones. (NW18)
.
* HINDUSTAN PETROLEUM CORP: Seeks shareholders\' OK to up borrowing limit to
200 bln rupees. (NW18)
.
* ISPAT INDUSTRIES: Nears raw material joint ventures in Colombia and Brazil.
(DNA)
.
* MARKSANS PHARMA: Is in pact to acquire UK-based generic pharmaceutical
company Relonchem for an undisclosed sum. (NW18)
.
* MOLD TEK TECHNOLOGIES: Is targeting consolidated revenue of 330 mln rupees,
and net profit of 94 mln rupees in 2008-09 (Apr-Mar) from its KPO business.
Also planning two greenfield plants for its plastics business. (NW18)
.
* MOVING PICTURE COMPANY: To enter regional news channel space and is in
talks to buy stake in STV Enterprises, which operates channels in Punjab,
Haryana, and Uttar Pradesh. (BS)
.
* NTPC: To restore Simhadri coal supply soon. (DNA)
.
* OIL AND NATURAL GAS: China Petroleum & Chemical, or Sinopec, to withdraw
from race for acquiring U.K.-based Imperial Energy; move may help Oil and
Natural Gas Corp. acquire Imperial. (BS)
.
* TATA MOTORS: Expects to maintain and improve its margins during the current
financial year through cost cuts, and has no immediate plans to increase
vehicle prices. (NW18)
The company has said Singur stir may hit the deadline for its
100,000-rupee small car Nano project. (NW18)
Protestors to stop Tata workers at Singur. (ToI)
.
* TATA STEEL: Arm Tata Steel Global Holding, based in Singapore, is in talks
to raise $1 bln through private equity transactions or a private placement of
shares with institutional investors. (Mint)
.
* TECH MAHINDRA: Has agreed to buy 17.28% stake in London-based systems
integration company Servista. (NW18)
.
* WIPRO: May buy a German SAP services company. (DNA)
.
* ZENITH COMPUTERS: Plans to raise its production capacity to 300,000
units by Mar 31. (NW18)
NewsWire18
...
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Bank shares were in demand after data showing softening of inflation boosted hopes of central bank keeping key lending rates unchanged in its next monetary review.
The BSE Bankex outperformed the Sensex, rising 4.61% at 6,900.72. The BSE Sensex was up 341.29 points or 2.43% at 14,389.63.
ICICI Bank (up 5.51% at Rs 668.85), Kotak Mahindra Bank (up 4.53% at Rs 582), Axis Bank (up 4.59% at Rs 701), HDFC Bank (up 4.43% at Rs 1268.10), and State Bank of India (up 4.01% at Rs 1362), flared up.
The annual wholesale price index-based inflation rose 12.40% for the week ended August 16, lower than the 12.63% the previous week. Inflation was at 3.99% during the corresponding week a year ago.
Reacting to the latest provisional numbers, the Finance Ministry said: “There are some early signs of moderation of inflation.” The dip in headline inflation was despite a continued rise in inflation in manufactured products.
The BSE Bankex underperformed the market over the past one month till 28 August 2008, falling 2.45% compared to the Sensex’s 2.10% fall. It had also underperformed the market in the past one quarter, falling 16.85% compared to Sensex’s 14.99% fall.
-CM courtesy ...
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Market rally as inflation eases; GDP data eyed
Key benchmark indices are geared for gap-up opening today, 29 August 2008 as inflation slowed for the first time in a month but remained stuck at 13-year highs. Global cues were strong. Derivative contracts for August 2008 series expired yesterday, 28 August 2008 with strong rollovers.
Meanwhile all eyes will now be on the GDP growth numbers for Q1 June 2008 which will announced by the government today, 29 August 2008. Moody\'s has projected that India\'s economic growth would decelerate to 7.9% in the current fiscal from 9% in 2007-08, on the backdrop of rising interest rates and slow credit growth.
Inflation for the week ended 16 August 2008 slipped to 12.40% from 12.63% in the previous week, data released after market hours yesterday, 28 August 2008 showed. Inflation has nearly tripled from 4.39% a year ago and now is riding around the highest levels since the current inflation series began being compiled 13 years ago.
Derivative contracts for August 2008 series expired yesterday, 28 August 2008 with strong rollovers. As per reports, marketwide rollover of positions from August 2008 series to September 2008 series stood at 83% as while that of Nifty was at 75%. marketwide rollover of positions stood at 79% as while that of Nifty was at 65% in previous series.
US crude lost $2.56 at $115.59 barrel, yesterday, 28 August 2008 after the US government and the International Energy Agency pledged to release emergency stockpiles if Tropical Storm Gustav disrupted US oil production.
Asian markets were trading higher today, 29 August 2008. China\'s Shanghai Composite rose 0.39% or 9.21 points at 2,359.35, Japan\'s Nikkei advanced 2.19% or 179.37 points at 13,047.62, Hong Kong\'s Hang Seng gained 1.98% or 415.40 points at 21,387.69, Taiwan\'s Taiwan Weighted was up 0.24% or 17.20 points at 7,050.57, Singapore\'s Straits Times added 1.21% or 32.56 points at 2,723.56, and South Korea\'s Seoul Composite surged 0.31% or 4.53 points at 1,478.68
US markets rallied yesterday, 28 August 2008 on stronger than expected GDP growth and a drop in oil prices. Second quarter GDP came in at a better than expected 3.3%. Weekly jobless claims also dipped. The Dow Jones industrial average surged 212.67 points, or 1.85%, to 11,715.18. The S&P 500 index rose 19.02 points, or 1.48%, to 1,300.68, and the Nasdaq Composite index advanced 29.18 points, or 1.22%, to 2,411.64.
Foreign institutional investors (FIIs) were net equity sellers worth Rs 187.19 crore while mutual funds purchased shares worth Rs 390.62 crore on Thursday, 28 August 2008, according to provisional data on NSE.
FIIs were net buyers of Rs 19.97 crore in the futures & options segment on Thursday, 28 August 2008. They were net sellers of index futures to the tune of Rs 376.27 crore and purchased index options worth Rs 509.45 crore. They were net sellers of stock futures to the tune of Rs 142.17 crore and bought stock options worth Rs 28.95 crore.
Heavy selling in late trade on concerns of high inflation and rising crude oil prices, saw benchmarks end sharply lower yesterday, 28 August 2008. The BSE Sensex lost 248.45 points or 1.74% to 14,048.34, and the S&P CNX Nifty fell 78.1 points or 1.82% to 4214.
Other Stories
4 August 2008 derivatives expiry to keep market volatile; inflation eyed (28-Aug 09:29 Hrs IST)
4 Market seen range-bound amid volatility (27-Aug 09:27 Hrs IST)
4 Market seen weak on negative global cues (26-Aug 09:27 Hrs IST)
4 Market seen higher on positive global cues (25-Aug 09:28 Hrs IST)
4 Market seen under pressure on surge in inflation, crude rally (22-Aug 09:28 Hrs IST)
4 Market likely to see choppy trade, inflation data eyed (21-Aug 09:30 Hrs IST)
4 Market seen range-bound on mixed global cues (20-Aug 09:25 Hrs IST)
4 Weak global cues may trigger lower opening (19-Aug 09:25 Hrs IST)
4 Runaway inflation at 16-year high may trigger lower opening (18-Aug 09:26 Hrs IST)
4 Market may extend fall as Sebi takes no decision on PNs (14-Aug 09:22 Hrs IST)
-courtesy CM
...
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Dear Aru,
You have made quite a good list of donts and do for trading.
But for each of the above rules, there are always exceptions, that you have not foreseen. This is probably reflected in your point 13, but I chose to put it differently:
***The market always has a way to beat you. ***
:)
Regards
OT
...
In reply to:
TRADING : How to avoid Trading Mistakes?
Posted by : vam_aru
Dear All,
Every one Trades and not all wins , Traders Lose some days and win some days, What makes the perfect tarder ? and How to avoid the trading Mistakes ? here are Few thoughts ( Note: The Thoughts may be taken from some books or from some other trader and some may from own experience ) , experience Traders can share their Views and add some more points.
1) Take Responsiblitity of your trades
2) Never Trade so much
3) If you trade NIFTY you should not be putting More than 25 to 30 Trades in a Year.
4) Never Take a Position in the First 30 Minutes or Last 30 Minutes.
5) Always Plan a trade before you execute
6) When you are in slightest doubt or ask the other person on what to do on the executed trade Immediately come out.
7) Don't see the Prices continuously once your trade fills in.
8) have a Strict Stop Loss ( General Rule is 2% on your Account Money )
9) Never Average your losing position
10) Never Take small profits if there is a More room upside.
11) Never place a Market order.
12) Don't Trade with emotional feelings
13) You must agree you can never beat the market.
14) Develope a strong Psychology
15) Never act on a Freely available information , By the time it reached you the trade would have set in.
16) when you see a SELL from brokerage house on a TV That stock might be falling by about 8 or 10 % only, but the strong upmove may be expected, don't be in short position for long.
17) when you see a BUY Calls Tarde with caution.
Happy Trading.
Boarders are happy to add their views.
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Reliance Industries is transferring its 80% stake in Godavri Basin to its sister concern where it will be the 100% owner of the sister concern. The share price is falling becoz of the following concerns:
1. Falling Crude Prices giving a concern about the refining margins in the next quarter.
2. Political uncertainity implying risks to its EOU status and other benefits.
3. Its ongoing gas battle with NTPC and RNRL creating an uncertainity which is always negative for any stock and company.
...
In reply to:
STOCKS
Posted by :
tpsu
But why the share price is falling if they are not losing anything.
Poll
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