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Market Outlook - Short Term
Tracked by: 110 Boarders
HI
DID ANY ONE TOOK RISK AND BUYED CALLS IN THE MORNING !!!!!
HLN, I HOPE U HAVING UR BLOODBATH.
Posted by: SANJU786 on (12-Oct-08 19:04 )
CONFIRMED INFORMATION
FROM A STOCK OPERATOR AND ALSO FROM A FAMOUS ASTROLOGER.
NIFTY WILL BE ABOVE 3800 AND SENSEX ABOVE 12500 BY OCTOBER END.
TRADE ON UR OWN RISK !!!
REGARDS
SANJU
...
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by :
BullSheetRules
Dear Sanju786,
Technically, that is possible close to the FED Meeting at the end of October!
Let us hope for the best!
I myself do not like this Dirty Game PLAYed by those BIG PLAyers resulting in those RED spots everywhere!
Gud luk & happy investing! :) 
Tracked by: 1 Boarder
British govt to take control of two major banks: reports
LONDON (AFP) - The British government will on Monday announce plans to take controlling shares in HBOS and Royal Bank of Scotland (RBS), two of the banks worst affected by the global financial crisis, media reports said.
...
In reply to:
No one is too big not to fall
Posted by : sambala
Barclays, RBS in debt double whammy
HSBC Holdings Plc, Royal Bank of Scotland Group Plc and the biggest UK banks face the most debt coming due in at least 10 years as the credit market seizure raises borrowing costs to the highest on record.
The six largest British banks have 54 billion pounds ($95 billion) of debt to refinance by April, triple the amount of the year-ago period, according to data compiled by Bloomberg. HSBC, the U.K.’s biggest bank, and RBS each have about 11.5 billion pounds of debt due, while Barclays Plc has 15.9 billion pounds maturing, the data show.
Financing costs are soaring as banks hoard cash after the credit crunch triggered by the US subprime mortgage crisis a year ago. The three-month London interbank offered rate in dollars rose to 4.52% from 2.64% in March, while the equivalent rate for euros increased to a record 5.39%, from 4.74% six months ago. “The banks have no idea how they are going to manage rolling over their debt,” Kornelius Purps, a Munich-based bond strategist at UniCredit SpA, said before Wednesday’s coordinated interest-rate cuts. “The central banks will have to intervene.”
The Bank of England was among central banks to lower rates today in a worldwide action to stave off a recession. Bank borrowing costs rose this month even as the UK announced a cash injection to the banking system, Europe’s policy makers provided emergency funding and US President George W Bush approved a $700 billion rescue plan. Prime Minister Gordon Brown’s government will invest about 50 billion pounds in the UK’s banks, the Treasury said.
HSBC and Standard Chartered Plc said they have no current plans to take government capital to bolster their reserves.
RBS and Barclays will be taking up aspects of the plan, they said in statements. Lloyds TSB Group Plc, which has about 512 million pounds of bonds to refinance by the end of March, said it will make a futher announcement about the plan “in due course.”
Banks need more capital after the worst US housing slump since the great depression and $593 billion in worldwide losses and writedowns caused their stocks to tumble, forced Lehman Brothers Holdings Inc into bankruptcy and pushed the UK government to nationalise Bradford & Bingley Plc.
The UK bank debt includes bonds, commercial paper and equity-linked notes and compares with 18 billion pounds repaid in the year-earlier period.
—Bloomberg
Tracked by: 1 Boarder
Yes, I am 100% sure that Indian Banks are healty, its a global effect only. Basically we are very strong....
In reply to:
Do you believe that the Indian banking system is healthy?
Posted by : MMB Messenger
Dear Boarders,Do let us know your views and opinions on the poll.-MMB Messenger
Tracked by: 0 Boarder
As suggested in my previous writings, the government has gone ahead and reduced the CRR.
However, it will not work – at best it will result in relief rally in stock exchanges.
This kind of piece meal approach will not work. It did not work with US government for the last one year.
The government needs to do the following SIMULTANEOUSLY :-
- Reduce CRR to 4%.
- Cut bank bank rates 7%
- Cut SLR to 22% now and to 20% in another 4 weeks
- Unlimited protection to bank deposit for next 3 years.
- Increase spending in infrastructure - start announcing projects and start talking about upcoming spending
- Guarantee interbank loans - otherwise CRR cut will not work.
- Be ready to provide finance to private companies in trouble, using one of the many government arms
- We are at two more risk - in terms of flight of capital :-
a) Current account deficit - our creditors worldwide are facing a liquidity crunch - likely to call in the money or not roll over the debt – this kind of thing has had lead to massive crisis in the past in countries across the world.
b) Developed economies will withdraw cash parked in India in equities and other assets - if not tackled properly this will lead to a asset/ securities meltdown in India
This flow of capital will need to to be managed (more thoughts on this later)
Government has to launch a massive co-ordinated and sustained attack on the problem facing our economy and not throw one pebble at a time if it`s measures are to have any impact.
Irrespective of the Government does, we are very likely to hit 5% GDP. If the government acts fast and decisively, sub 5% levels can be avoided....
In reply to:
Markets to be volatile yet flat today
Posted by : Udayan Mukherjee
The global markets are tepid. The Indian markets maybe volatile yet flat today. The weekend was quite with no major news and there may be a slight bounce in the market today. If there s no bounce back this week things will get worse going forward.
Here is a verbatim transcript of Udayan's comments on CNBC TV18. Also see the accompanying video
This is an important week. Last week was a disaster 15% down that’s how much our markets lost. Over the weekend there have been some rumblings from the G7 countries on a bigger package, which could be coming and this week you’ll look forward to that. In any case the global markets are somewhat more tepid, the US cut some of its intra-day losses on Friday and this morning Asia is a bit of a mixed bag, some markets are down, some markets are up so you don’t know what quite to make of it. But over the next few days it might still be quite volatile and jerky depending on policy action that we see, so big one coming up.
No taking away from the fact that last week was a whitewash and psychologically probably pushed a lot of people against the wall?
Pushed against the wall is right. It was really such a terrible week for the market. This week is going to be important one, I don’t know how trade starts off today because you have the baggage of the Friday closing not too much happened over the weekend. I don’t know whether the market will focus on the kind of mixed mood that is prevailing in global markets today or it will focus on the fact that we had a big bounce back from the lows of the day on the Dow indicating that there is some more help which is coming from global markets.
It is a little difficult to decipher; today it might be one of those volatile, yet flattish kind of day, all over the place but eventually not going anywhere significant, it could play out like that. But again you want to believe that after a 15% fall last week given the prospect of more regulatory action this week, you probably could see a little bit of a bounce. I have difficulty saying or pronouncing the word ’bounce’ nowadays but one lives on hope.
What makes it so important, the fact that the market got so oversold almost or is it that we might be prime for everything that can be done, will be done sort of regulatory action?
The later I suspect, I think over the weekend the kind of noise that one heard from the regulators in the West is they have pretty much come around to accepting the situation as it is, which is to say if we don’t something we have had it. So basically just go out, don’t think about moral hazards and tax payers money just get the credit market working once again, and I think you have seen the first signs of that coming in from Australia. I suspect you will see much more of that over the next 24 to 48 hours; it has to happen. They cannot delay this any longer and you could almost sense that they have got a sense of urgency right now. I think the concerted regulatory action, much that you can scoff it by saying, “Big deal, they did a bailout package first and then they cut rates again, precious little it did for the stock markets.”
But at some point they have got to do something, which get the credit markets working and I suspect you will see some material moves along those lines in the next 24 to 48 hours, which will probably drive home the message that in the near-term the panic needs to ebb a little bit. That may be the starting point of a little bit of a rebound in the market. Still remain extremely cautious about the medium-term, because this will not fix a lot of world’s problems.
In the near-term, I suspect that it could lift the mood. But that makes it a really big week for the market. If by the end of this week you don’t have a rebound in global markets, then I suspect we are in for a really bad time going forward. As in you will probably see things that you have never expected to see, if you haven’t already. But I think in the next five days you will see some action, which will come as a bit of a succor to the market.
Asian Indices:
Asia is a bit mixed this morning some are down, some are up. A couple of markets like Hang Seng and Korea have moved up a couple of percentage points, it’s China which is in difficulty and Taiwan is not looking particularly strong either.
-Udayan Mukherjee, Managing Editor,CNBC TV18
Tracked by: 0 Boarder
The global markets are tepid. The Indian markets maybe volatile yet flat today. The weekend was quite with no major news and there may be a slight bounce in the market today. If there s no bounce back this week things will get worse going forward.
Here is a verbatim transcript of Udayan's comments on CNBC TV18. Also see the accompanying video
This is an important week. Last week was a disaster 15% down that’s how much our markets lost. Over the weekend there have been some rumblings from the G7 countries on a bigger package, which could be coming and this week you’ll look forward to that. In any case the global markets are somewhat more tepid, the US cut some of its intra-day losses on Friday and this morning Asia is a bit of a mixed bag, some markets are down, some markets are up so you don’t know what quite to make of it. But over the next few days it might still be quite volatile and jerky depending on policy action that we see, so big one coming up.
No taking away from the fact that last week was a whitewash and psychologically probably pushed a lot of people against the wall?
Pushed against the wall is right. It was really such a terrible week for the market. This week is going to be important one, I don’t know how trade starts off today because you have the baggage of the Friday closing not too much happened over the weekend. I don’t know whether the market will focus on the kind of mixed mood that is prevailing in global markets today or it will focus on the fact that we had a big bounce back from the lows of the day on the Dow indicating that there is some more help which is coming from global markets.
It is a little difficult to decipher; today it might be one of those volatile, yet flattish kind of day, all over the place but eventually not going anywhere significant, it could play out like that. But again you want to believe that after a 15% fall last week given the prospect of more regulatory action this week, you probably could see a little bit of a bounce. I have difficulty saying or pronouncing the word ’bounce’ nowadays but one lives on hope.
What makes it so important, the fact that the market got so oversold almost or is it that we might be prime for everything that can be done, will be done sort of regulatory action?
The later I suspect, I think over the weekend the kind of noise that one heard from the regulators in the West is they have pretty much come around to accepting the situation as it is, which is to say if we don’t something we have had it. So basically just go out, don’t think about moral hazards and tax payers money just get the credit market working once again, and I think you have seen the first signs of that coming in from Australia. I suspect you will see much more of that over the next 24 to 48 hours; it has to happen. They cannot delay this any longer and you could almost sense that they have got a sense of urgency right now. I think the concerted regulatory action, much that you can scoff it by saying, “Big deal, they did a bailout package first and then they cut rates again, precious little it did for the stock markets.”
But at some point they have got to do something, which get the credit markets working and I suspect you will see some material moves along those lines in the next 24 to 48 hours, which will probably drive home the message that in the near-term the panic needs to ebb a little bit. That may be the starting point of a little bit of a rebound in the market. Still remain extremely cautious about the medium-term, because this will not fix a lot of world’s problems.
In the near-term, I suspect that it could lift the mood. But that makes it a really big week for the market. If by the end of this week you don’t have a rebound in global markets, then I suspect we are in for a really bad time going forward. As in you will probably see things that you have never expected to see, if you haven’t already. But I think in the next five days you will see some action, which will come as a bit of a succor to the market.
Asian Indices:
Asia is a bit mixed this morning some are down, some are up. A couple of markets like Hang Seng and Korea have moved up a couple of percentage points, it’s China which is in difficulty and Taiwan is not looking particularly strong either.
-Udayan Mukherjee, Managing Editor,CNBC TV18...
Tracked by: 3 Boarders
no the market will recover soon but not 21000 but upto 15000 so making investment in mutual fund or shares today will be more beneficial and if investment is made already no matters hold for some more time u will receive a nice returns on it. think u have invested for 4-5 year then u see u will be in gain....
In reply to:
Has your confidence in equities been shattered?
Posted by : MMB Messenger
Dear Boarders,Do let us know your views and opinions on the poll.-MMB Messenger
Tracked by: 3 Boarders
:-) Your are still confused and willing to do damage control without knowing that the flow of money is due to unregulated price hikes and funds. Technically speaking the credit crisis is due to unmanageable size of the credit given to the borrowers who actually does not have the capacity to repay and all the ecnomies are paying the prices for this...
In reply to:
Has your confidence in equities been shattered?
Posted by : keerthi
Your position is created by you without your valuation of repayment capacity. so you should not complain others for your fault. Rectify it by your self and not on others position.
Tracked by: 1 Boarder
Yes definitely our Banking system is quite healthy....
In reply to:
Do you believe that the Indian banking system is healthy?
Posted by : MMB Messenger
Dear Boarders,Do let us know your views and opinions on the poll.-MMB Messenger
Tracked by: 1 Boarder
Dear Boarders,Do let us know your views and opinions on the poll.-MMB Messenger...
Tracked by: 0 Boarder
We will see at least 4 times strong rally by March 2009. ...
In reply to:
Markets will be up 20% from current levels.
Posted by : libran.
Hi! guys .. I advice everyone to remain cautioned and respect their money and invest or withdraw as per their risk profile, I want to stick my neck out and say that markets will rally at least 20 percent from current levels till March 2009..happy festive season.
Tracked by: 3 Boarders
More than confidence in equity, confidence in corporate have been shattered. The managements of small and mid size companies in such bad times take shareholders foa a ride, and fill their own pockets. As Institutions have liquidated their holdes or have lost interest in these scripts, the shareholdes have to fend for themselves.
No managment in these companies will comee out with voluntary statements for cutting the falb of corporate compensation and following the path moderate salary and perks.
This will perhaps be true of large caps also. The avg salary CTC of mid executive in companies mid cap is over limit of sec244, and this needs to reduced substantially. The growth in job markets had created compensation packages not sustainable and these become drag on the company, as it may not be easy to get rid of the flab fast.
To restore corporate confidience managements have to become very very modest and cost conscious, responsible and responsive at all levels, else corporates are doomed for a long time....
In reply to:
Has your confidence in equities been shattered?
Posted by : MMB Messenger
Dear Boarders,Do let us know your views and opinions on the poll.-MMB Messenger
Tracked by: 0 Boarder
FIIs could not withdraw from FDIs which are supposed to be long term and the withdrawal of the equity and derivatives plays havoc with the market,even with the no of domestic funds here.Imagine if they decide to stay away for a while.We have a still way to go !!!!....
In reply to:
India must stop relying on global flows: Uday Kotak
Posted by : MMB Messenger
One Uday Kotak, MD and CEO of Kotak Mahindra Bank, expects this global pain to remain for the next three-five years. He strongly feels India has to stop depending on global flows because those economies themselves are in a problem and said that India needs to start relying more on our domestic savings and domestic ability to build our economy.
Tracked by: 2 Boarders
Dear ibrar3
Your target is reached. But today there is every chance for an upper circuit. Our DREAMS are also going to be fulfilled. Only 330 p upside is needed of UC in NIFTY.
aahoo...
In reply to:
EXPECT UC IN SENSEX AND NIFTY SHORT TERM
Posted by :
ibrar3
DEAR AAHOO...
hope u r seeing my target of 3200 instead of ur target of 5396???????
ha ha ha... lol...
Tracked by: 3 Boarders
Well there was nothing wrong with the Dow Jones Index in 1930, nothing was wrong with Japan Nikkei in 1990, there was nothing wrong with Nasdaq in 2000, and nothing wrong with Wipro in 2000 (well wipro is trading at 50% down 2000 highs, and it was a growth scrip, not a value scrip). The wrong was with the speculators (I dare say investor, even one who bought with 5 -10 yrs perspective, investor believes in intrinsic value). The media fools into believing long term story, forget World Markets we are different many might say, so have a look at sensex composition of 1980`s, only 5- 7 scrips till maintain there place, many others are trading at what price have a look and than say I u can say I love to be a Long term investor....
In reply to:
Has your confidence in equities been shattered?
Posted by :
Rajiv Mehta
I am an investor and not a speculator. I have a faith that prices of stocks would appreciate by 200% in long term. Beating all other investment avenues. There is nothing wrong with Indian Markets as such. This is due to the sub prime issue which has forced US to withdraw their money from our markets. So don`t panic and stay invested. In case of prices coming down one has three options, can wait for the prices to increase, double the investment and average the portfolio and final option is to switch over.
Tracked by: 0 Boarder
HONG KONG - AUSTRALIAN and South Korean shares bounced on Monday after policymakers around the world took increasingly bold steps to staunch the bleeding in financial markets, including guarantees on bank desposits and directly injecting capital into banks. Nikkie is closed today,
v.krishnamoorthy...
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