IFCI

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

Posted by : treasureddhan

Is this beginning of the end for US

1 earthquake shakes Virgin Islands, Puerto Rico
The Associated PressPublished: October 11, 2008


ST. JOHN, U.S. VIRGIN ISLANDS: A strong earthquake jolted people awake Saturday in the U.S. and British Virgin Islands and nearby Puerto Rico.

There were no immediate reports of damage or injuries following the earthquake that struck just after 6:40 a.m. local time (1040 GMT).

The U.S. Geological Survey recorded a preliminary magnitude of 6.1 at a depth of 29 kilometers (18 miles). It said the quake struck about 70 kilometers (43 miles) northwest of Anegada in the British Virgin Islands.

Disaster officials in the British Virgin Islands said there were no reports of significant damage or injuries from the quake, said government spokeswoman Sandra Ward.

"At first I thought it was a big truck rolling by but then I realized the windows were closed," Ward said. "It wasn`t a good experience, just listening to things crumble

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

Posted by : knair

Dar harish,

No issues. You are right. Probably emerging mkts may take a lead in the near future. Let us hope for the best.

It is not important what view either you or me taking. What is happening in the world is important.

Since the globe is seen through the monitor and todays economy is directly or indicretly interlinked with each country, we are in an open world.

with regards,

knair

I am happy to be back on MMB

Posted by : treasureddhan

I would request all the boarders not to miss see the video

h t t p : / / video(.)google(.)com/videoplay?docid=-594683847743189197

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

Posted by : harishkrsharma

Dear Knair,

You are Right as well as wrong.........I tell you how.

You are right in explaining the coupling of main street that is the Knot of economies in the globalisation era.

But we are here talking about wall street and Dalal street De- coupling or in the other words the De- coupling of advanced and emerging economies i.e. US, Europe, Japan etc. Decoupling from emerging from India, China & Brazil.

I mean to say that in the coming years when the world will woke from thier bed they will watch Sensex , Shangai comp to take thier trading or buying decisions in their respective stock markets and not Dow Jones and Nasdaq or European Markets.

I think you have got it cleared what exactly Decoupling is.......

regds

harish sharma
Delhi

I am happy to be back on MMB

Posted by : novice1000

dear aby,

Current prices are more realistic from a fundamental perspective.

It is the limited freefloat which is used to rig the prices which creates an impression that wealth expansion is taking place.When ever prices reach such higher levels, even a sell off of 2 or 3% of the equity will result in collapse of the markets.

During this kind of situations, as many active investors run short of money, though valuations reach realistic levels, any sizeable sell off by institutional players creates demand side vacuum and a momentary infinte supply which will lead to excessive compression on the valuation front.

Just like the excesses generated by higher liquidity dont last long, the lower side excesses which are a result of the liquidiy squeeze from the system never last long.

So before stabilizing at rational levels, markets are bound to see some excesses on the downside.

But present levels are acceptable levels from a fundamental perspective for the sensex though individual stocks may have different valuations.Some may still be expensive and some may be cheaper..

regards

I am happy to be back on MMB

Posted by : abyphilip

Hi Novice1000,

Do you really think that current prices we are seeing are based on fundamentals. I`m a fundamental investor and I don`t think so.

Certainly I agree with you that the GDP/growth/PE will come down as well revenues/margins. Still I think we might see better than current prices few qtrs ahead from here.

I could be wrong.
I note your opinion that prices are not very cheap at current levels.
It will help keep my confidence levels under tab as I buy more into few frontliners.

Regards,
Aby

Q2 results..

Posted by : harishkrsharma

Sale of Malvika steel and land can be good booster for IFCI this QTR in addition to the Other sources of Income............hope it is done.

harish sharma

Rupee Bouce Back to Accelerate FII Outflow.

Posted by : kadiyali

Rupee has substantially depreciated against US Dollar during the last few days. RBI is expected to arrest this rupee slide shortly. As and when rupee starts appreciating from the current level, FII outflow will again increase. Till the FII outflow of the magnitude seen by us for the last one month, does not end, there is no hope for Sensex in the near future.

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

Posted by : gv

Why santa never gifted himself a Rolls Royce?
Cant afford petrol price!!!!

TARGETS AND INDICATORS FOR THE NEXT ONE YEAR

Posted by : bubbu64

Dear Boarders

My stock index tgts are finally reaching to the levels I had said long ago in June and July. Lat week I had raised a unwarranted panic signal which didnt happen the next day but eventually happened over the last 7 days. I apologise for that once again.

NIFTY should touch 3400-3500. The strongest support for the NIFTY over the 5 year period as I see it is at 3250. This is the last of all supports over a 5 year period. If this is broken then It will take a min of 5 -7 years to reach even 3800-4000. Hence this support of 3250 is extremely crucial. Sensex should hold at 10200-10500 levels. Next crucial support is somewhere close to 9500-9600. This level is as crucial as the one for the NIFTY mentioned above.

Hence I think mkt bottom should be around 3450-3500 and for the SENSEX somewhere around 10200-10500. The crucial levels will be used only when should NIFTY fall somewhere in the below 3500 range and for the SENSEX below the 10200 range. This is my viewpoint. Boarders should take their own decision and make their moves. As for me I am totally out of the mkt. I would touch the mkt at all over the next 3-4 weeks.

DOW JONES should bottom out at 8000-8500 levels. This may happen by December 2008. Hence globally mkts should pick up by 3rd or 4th week of January 2009 after the new US president takes office. If OBAMA wins my take is DOW will recover rapidly back to 10500 levels. The US mkt will stay range bound between 9000-10500 say till May 2009 which my tgt time point for the next bull mkt run to start worldwide. This should happen since I feel by May 2009 the US subprime crisis will turn around positive and real estate mkts will pick up faster. Till then I see a good fall in the real estate prices in India especially in areas which had astronomical levels of price appreciation. This could be areas like Bangalore, Hyderabad, New Delhi, Chennai and Mumbai in that desending order.

My stock picks in the next few weeks broadly will range from INFRASTRUCTURE (roads, bridges, new cities, railways) HEALTHCARE (genetics, gene mapping, nano medicine technology, R&D in areas like down`s syndrome, autism, alzheimer`s, HIV, medical technology), POWER GENERATION AND NUCLEAR POWER, ALTERNATE ENERGY (solar, wind ocean), GAS (power, household, auto, power), SUGAR (for ethanol in petrol mixes), FINANCIALS in infrasturcture like (IFCI, IDBI etc), AUTO (hybrid cars, fuel cars, gas charged, solar). Capital goods consumption will come down over the years despite the rise in earnings capacity. One area in which I see real good growth will be in computer hardware like laptops, wifi, networking security, wimax broadband, and also in nano technology.

Boarders , your views will be highly valued and appreciated

Regards

bubbu64

Govt must reduce STT and long term capital gain Tax

Posted by : treasureddhan

Even removal Service tax can push the market up and traders would come into the market

Q2 results..

Posted by : mastbull

Too heavy atmosphere in mkts nowadays.
For a change,any guesses, as to what to expect when IFCI announces results on 14 october as announced..?
Cheers..

Govt must reduce STT and long term capital gain Tax

Posted by : harishkrsharma

Dear subasu,

True that traders or even investors would prefer to play short term for now in present context but if govt reduces STT we would see more volumes on the other side ........So one side they will loose but on the other hand they will gain.

STT is a big burden on day traders just go thru your statement......

regds

harish sharma

Govt must reduce STT and long term capital gain Tax

Posted by : subasu

I doubt whether that will be done. Now that market is like this, Govt. is likely to get more out of the 15% STCG tax as no one is likely to wait for completion of one year to take the booty tax free. (There is no booty to take home now!!!)