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Tracked by: 0 Boarder
Stock market will end year on good note: Kotak Mah Bank
Published on Tue, Nov 24, 2009 at 11:57 | Updated at Tue, Nov 24, 2009 at 13:19 | Source : CNBC-TV18
The stock market in India will end the year on a good note, believes Paul Parambi, Head of International Business at Kotak Mahindra Bank. In an interview to CNBC-TV18, Parambi said a lot of cash was sitting on the sidelines and that it would support the markets in India.
Below is a verbatim transcript of the exclusive interview with Paul Parambi on CNBC-TV18. Also watch the accompanying video.
Q: What do you see, more flows which drive us even higher by the time the year is out? Are we are looking at a good 2009 finish?
A: What a change the world has seen over the last several months. Clearly, the interest among international investors is very good in India right now and there is a lot of money on the sidelines, which has really missed the current run and which can provide support at different levels. So overall I would expect that the year should close on a good note.
Q: There is a lot of new paper which is being lined up, you have got JSW Energy, NTPC FPO, these are sizable issues which are all stacked up over the next two-three months. You see enough FII appetite for all of that paper?
A: What we are seeing is that investors had significantly missed the entire run up to the market. Risk appetite returned fairly late when it returned it went into overseas bonds, which were providing lower risk avenues for deployment and by then the markets had run up. So you are in a situation where a significant money which is sitting on the sidelines having missed the run up to the market. So while there is significant issuance of paper ahead I believe that the amount of liquidity which is waiting on the sidelines, waiting for market corrections or the market at these levels is fairly significant.
As long as the issuance of price is concerned, there could be appetite for that. As long as the market remain at current levels, does not drop very significantly or does not run away, there could be appetite for the market which can build up.
Q: The track record for some of these primary market issuances has not been great once they have listed. Has that caused a little more caution in the primary markets’ space or is the appetite still very large and very robust?
A: The mood is very different from what one saw a couple of years ago where everything was being lapped up because whatever you touched was pretty much making money. The experience from the first few issuances which had come out are really being that. Unless one is very selective and careful there is a chance that one will not make money in this market so I would say that if issuances are priced right then there could be interest if they are not priced right then it would be much harder sailing. So there are two parts of the whole thing. One is fresh issuances and two is investment in the secondary market and both those are very different.
...
In reply to:
Market News and Market Update
Posted by :
hsnmf
For ICICI Foundation, this approach has met with initial success. In Mumbai, its partner ICICI Centre for child health and nutrition, worked with BMC (Brihanmumbai Mahanagar Palika) to bring down deaths during and just after child birth in some slums by upgrading facilities, providing training and using communities. The model is now being implemented across the city. In Jharkhand, it sought to reduce low birth weight incidence — by setting up Village Health Committees (VHCs) and hamlet-based voluntary health workers (Sahiyyas) to improve access to health services. The results, again, were good enough for the government to roll out the main elements of the project across the state.
The job ahead would be similar to what a McKinsey would do to spread its influence. Convince clients to use its services. In this case, make the government see its expertise and the virtue of its interventions. And that’s not going to be easy. Bureaucrats have traditionally resisted change across the world. It will take all of Mor’s intellect and charm to bring the politicians and bureaucrats on his side. Then, implementation challenges: What is successful in one state might fail in another. Mor is only too aware of it.
How will we ever know if he ever got what he had set to achieve? We will never know that in clear terms as in world of business – no net profits, no market shares, and no stock prices here in the world of development. But that should not worry us too much. When grappling with ways to measure the wealth of the poor, Bindu Ananth likes to repeat Mor’s favourite quote: ‘It’s far better to inaccurately measure something you care about, than to accurately measure something that you don’t care about.’
It might help to remember that in, Katha Upanishad, Nachiketas declined the offer of land and cattle – all measurable - and opted instead for knowledge about life after death – not so easy to measure.
By: NS Ramnath/Forbes India 
Tracked by: 0 Boarder
Hi Anitsingh,
i dont know about the fundametnals of Jindal power or steel. i dont even know the rates of any stock except its last two digits lol
but if you ask me dollar might do well today and your JS could fall tomorrow on account of a strong dollar...
In reply to:
SENSEX / NIFTY
Posted by :
anitasingla1
Should i get rid of Jindal steel & power ?
my rate has come .
Tracked by: 0 Boarder
Stock market will end year on good note: Kotak Mah Bank
Published on Tue, Nov 24, 2009 at 11:57 | Updated at Tue, Nov 24, 2009 at 13:19 | Source : CNBC-TV18
The stock market in India will end the year on a good note, believes Paul Parambi, Head of International Business at Kotak Mahindra Bank. In an interview to CNBC-TV18, Parambi said a lot of cash was sitting on the sidelines and that it would support the markets in India.
Below is a verbatim transcript of the exclusive interview with Paul Parambi on CNBC-TV18. Also watch the accompanying video.
Q: What do you see, more flows which drive us even higher by the time the year is out? Are we are looking at a good 2009 finish?
A: What a change the world has seen over the last several months. Clearly, the interest among international investors is very good in India right now and there is a lot of money on the sidelines, which has really missed the current run and which can provide support at different levels. So overall I would expect that the year should close on a good note.
Q: There is a lot of new paper which is being lined up, you have got JSW Energy, NTPC FPO, these are sizable issues which are all stacked up over the next two-three months. You see enough FII appetite for all of that paper?
A: What we are seeing is that investors had significantly missed the entire run up to the market. Risk appetite returned fairly late when it returned it went into overseas bonds, which were providing lower risk avenues for deployment and by then the markets had run up. So you are in a situation where a significant money which is sitting on the sidelines having missed the run up to the market. So while there is significant issuance of paper ahead I believe that the amount of liquidity which is waiting on the sidelines, waiting for market corrections or the market at these levels is fairly significant.
As long as the issuance of price is concerned, there could be appetite for that. As long as the market remain at current levels, does not drop very significantly or does not run away, there could be appetite for the market which can build up.
Q: The track record for some of these primary market issuances has not been great once they have listed. Has that caused a little more caution in the primary markets’ space or is the appetite still very large and very robust?
A: The mood is very different from what one saw a couple of years ago where everything was being lapped up because whatever you touched was pretty much making money. The experience from the first few issuances which had come out are really being that. Unless one is very selective and careful there is a chance that one will not make money in this market so I would say that if issuances are priced right then there could be interest if they are not priced right then it would be much harder sailing. So there are two parts of the whole thing. One is fresh issuances and two is investment in the secondary market and both those are very different.
...
In reply to:
Market News and Market Update
Posted by : hsnmf
For ICICI Foundation, this approach has met with initial success. In Mumbai, its partner ICICI Centre for child health and nutrition, worked with BMC (Brihanmumbai Mahanagar Palika) to bring down deaths during and just after child birth in some slums by upgrading facilities, providing training and using communities. The model is now being implemented across the city. In Jharkhand, it sought to reduce low birth weight incidence — by setting up Village Health Committees (VHCs) and hamlet-based voluntary health workers (Sahiyyas) to improve access to health services. The results, again, were good enough for the government to roll out the main elements of the project across the state.
The job ahead would be similar to what a McKinsey would do to spread its influence. Convince clients to use its services. In this case, make the government see its expertise and the virtue of its interventions. And that’s not going to be easy. Bureaucrats have traditionally resisted change across the world. It will take all of Mor’s intellect and charm to bring the politicians and bureaucrats on his side. Then, implementation challenges: What is successful in one state might fail in another. Mor is only too aware of it.
How will we ever know if he ever got what he had set to achieve? We will never know that in clear terms as in world of business – no net profits, no market shares, and no stock prices here in the world of development. But that should not worry us too much. When grappling with ways to measure the wealth of the poor, Bindu Ananth likes to repeat Mor’s favourite quote: ‘It’s far better to inaccurately measure something you care about, than to accurately measure something that you don’t care about.’
It might help to remember that in, Katha Upanishad, Nachiketas declined the offer of land and cattle – all measurable - and opted instead for knowledge about life after death – not so easy to measure.
By: NS Ramnath/Forbes India
Tracked by: 1 Boarder
sold back 2 lot Dec NF @ 5089...
In reply to:
Is this end of nifty fake out rally?
Posted by : sam_pd
squared of 2 lot Dec NF @ 5065, had sold it at @5080, will add back same number of shorts at higher level if goes.
Tracked by: 123 Boarders
Dear snvaish,
Thanks for your detailed views but due respect May 2009 cannot be compared with this data as lot of trading took place but May 2009 didnot allow any trading !!!!!!!Now what do you think is the trade for today and tomorrow bullish or bearish and what is the expiry price for Nifty !!!...
In reply to:
15 point Strategy : Worth investing: Richestuser
Posted by : snvaish
Dear totalview
compair such data with the data of 18 th may 09. when FII bought only 53.40 and mutual funds sold 0.50 but nifty jumped 600 points.
In fact in this market big manupulation is going on and nothing can be concluded with past data`s, I expect what might have happened on Friday due to sudden jump.
Many peoples would have shorted and placed stop loss at higher level step by step. Now step by step all the stop loss might have been trigered resulting sudden jump in price, and those who have not put stop loss might have been left uncovered, such traders will have to cover their shorts on Monday if market is not falling.
Now what may happen which I expect that if on Monday FIIs, DIIs don`t remain net sellers then on expectation of fall in the morning traders will make huge short sell, later on when they will find that market is not falling then uncovered shorters till friday and fresh shorters of Monday will be compelled to cover shorts after noon time. I mean market will not fall on monday. because every fall will be picked up by previous shorters. hence ultimate results will be huge short covering.
Technically it also indicates that short covering will take place.
Tracked by: 123 Boarders
Dear BSR,
Thanks for your kind reply. I apologise for my tone earlier.
Its neverthless a big surprise that you have proclaimed a bullish view now...
a) EUR/USD indicates a crash today
b) DOW is moving lower..
c) Glen Neely has declared 200% short position.
d) Prechter has gone short...
You are swimming against the tide or same old game at play? :-)
Regards,
OpenCircle...
In reply to:
15 point Strategy : Worth investing: Richestuser
Posted by : BullSheetRules
Aha opencircle
So far so good... Today high is around 5119 (Another Fib. no.)
So called 5080 went for a TOSS!
Nifty still looks BULLish... 5200+ / 5400+ target in ST / MT still exist :)
I wonder why ppl just think till expiry only! :)
Without any heavy SELLing from DIIs, nifty will remain in BULLish zone! :)
Look at FTSE and Nifty, both used to be at same level of around 5000 but lot of difference between the two exists! :)
TA is a toy. GAME is all about money. Rest all are BS stories! :)
Have fun!
Gud luk & happy investing! :)
Tracked by: 0 Boarder
Should i get rid of Jindal steel & power ?
my rate has come ....
In reply to:
SENSEX / NIFTY
Posted by : radhika_nandlal
SD3,
The guys who moderate decent harmless boarders here would ask the world to work on Sundays and take off weekly on Mondays if given a chance. LOL...Thats how they are, moderation where no moderation is warranted. ha ha
Tracked by: 0 Boarder
i am respectful to all ,but i made a wrong purchase of WWIl,at 102 in 2007. which stock will give me profit
...
In reply to:
SENSEX / NIFTY
Posted by : radhika_nandlal
SD3,
The guys who moderate decent harmless boarders here would ask the world to work on Sundays and take off weekly on Mondays if given a chance. LOL...Thats how they are, moderation where no moderation is warranted. ha ha
Tracked by: 0 Boarder
i dont fear criticism. i am losing 4 lacs at the moment. hope to make up by march-will it rise ?
...
In reply to:
SENSEX / NIFTY
Posted by : sd3
If you cant book the losses then don`t play in stock markets .
If you cant handle criticism don`t express your views .
If you cant handle abuse don`t get into public forum .
It doesn`t matter how good or bad one is .
But being able to adjust to variety of people is essence of social living .
Quit if u wish to but let it be clear that there is no dignity in it !
Best of luck to all sincere souls .
sd3..
Tracked by: 0 Boarder
Sumit
you are right thats what option data suggest. in recent time , nifty has not moved much on expiry so 100 points range thats all can it do.
Cheers...
In reply to:
FLIGHT to 5300 on NIFTY-Boarding NOW
Posted by : sumit22gupta
Sam
Close to expiry move always comes on tuesday or wedenesday so a move wld surely be thr
I still expect expiry may be in the range of 5000-5100 only considerin max option interest is at the near ends of both the strikes.
We may see a big tick only after expiry
Cheers
Tracked by: 1 Boarder
squared of 2 lot Dec NF @ 5065, had sold it at @5080, will add back same number of shorts at higher level if goes....
In reply to:
Is this end of nifty fake out rally?
Posted by : sam_pd
since nifty closed at highest point so shorted 2 more lot at Dec NF 5080
Tracked by: 772 Boarders
Hi Ramesh
Hope you are doing fine. I picked up some Bharti yesterday for LT and GEodesic....
In reply to:
Its time to prepare shopping list guys !
Posted by : ultima23
Riesth bhai!
Of the IPOs of late, it seems only thinsoft done extremely well!
I have anyway applied for Cox&kings. How about you? Did u buy more RIL??
Tracked by: 2 Boarders
Posted by : iguest
Date :24th Nov, 2009 - 11:38
shorted NIFTY fut at 5092...
====
squared the abov now at 5066...
In reply to:
POSITIONAL TRADERS
Posted by : iguest
shorted NIFTY fut at 5092
Tracked by: 0 Boarder
Down about 3 % now please stay caution...
Tracked by: 2 Boarders
Posted by : iguest
Date :24th Nov, 2009 - 11:40
shorted TATA STEEL FUT 568...
==
squared the abov now at 561.50...
In reply to:
POSITIONAL TRADERS
Posted by : iguest
shorted TATA STEEL FUT 568
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