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21 Aug 2008 14:38

Infosys will host its annual Analyst Meet on Wednesday, August 27, 2008 at its campus in Mahindra City, Chennai. Infosys will discuss the state of the company’s business at the Analyst Meet.


Mr. S. Gopalakrishnan, CEO and Managing Director will deliver the opening address on the state of the company’s business, after which Mr. S. D. Shibulal, COO will speak on the operational highlights. Heads of various business units of Infosys will make presentations in several break-out sessions during the day. These sessions are designed to serve as a forum for analysts to understand the company’s operations better. An executive open house will conclude the meet to be chaired by Mr. S. Gopalakrishnan.

The proceedings of the meet will be uploaded as webcast on Infosys website In addition, the presentations made by various participants and transcripts of the day’s discussions will also be uploaded there.

...

21 Aug 2008 14:24

Hi,

We have also decided to restore the about user section of the boarder page ... we are allowing html tags back .. so boarders go ahead and make this space look as much you as possible... But please be careful of the page alignment... donot distort the look of the page in doing so..

-MMB Moderator...

In reply to:

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : pranky

Hmmmmmm.... So heres the culprit who always denied that he committed the crime of deleting our messages.

Dear Mod, I believe U have warned him enough before...??

Warm Regards
pranky!!

21 Aug 2008 13:55

If this goes through it will be boom time for Internet and long distance license holders. Couple this with the allowing of NLD and ILD operators on two stage dialling instead of waiting for CAC to be implemented. ISPs can be the backend for NLD operators or take up their own licenses, whihc dont cost much, just 2.5 cr. each. This si the main reason none of the ild and nld operators eneterned the voice side of business as they did not own the customers. Now the customers will be able to choose their long distance operator for std and isd, even without internet connections. Bulk users and enerprises will see some shift to these services and even if you get 5% of the traffic moving in the first year it is a massive revenue opportunity for NLD/ILD and ISPs. Watchout for the margins front though as in telecom the margins accrue when volumes get built up and you have better power to negotiate carriage and termination....

In reply to:

Ease norms for internet calls, Trai tells

Posted by : latikav

Tariffs set to fall if regulator's proposal is accepted.

Prices of domestic long-distance calls are expected to halve to around 50 paise a minute and those for international calls fall by a fifth if the recommendations of the Telecom Regulatory Authority of India (Trai) to permit internet service providers (ISPs) to offer unrestricted internet telephony are cleared by the government.

Allowing ISPs to extend their internet telephony operations will effectively create an alternative domestic telephone network and has been criticised by mobile service providers as being unfair.

Two years ago, the government permitted telecom licensees to offer unrestricted internet telephony as part of their licence conditions. None of the mobile operators has done so yet, principally because the service would drive down prices and impact average revenue per user, which is already among the lowest in the world.

ISPs are currently allowed to offer Net calls but subject to certain restrictions such as between two personal computers, one in India and the other anywhere in the world; between a subscriber with a voice over internet protocol (VOIP) phone in India and a subscriber with a similar device in any country; and also between a PC in India and a fixed or mobile number in another country.

If the new policy is accepted, consumers will be able to call through the Net directly to fixed line and mobile numbers across the country and vice-versa. They can do so either through the PC or through a VOIP phone or from a landline fitted with an additional device.

NET GAINS
(Key points of Trai’s internet telephony recommendations)
* Internet service providers will be allowed to provide unrestricted internet telephony within and outside the country and vice versa. They can now connect to landlines and mobile numbers within the country
* ISPs will be allowed to have interconnection with national long-distance (NLD) operators through the internet for such services
* The annual gross revenue (AGR) of an NLD for calculating the licence fee to include revenue from carriage of internet telephony apart from normal revenue
* Each service provider that intends to provide internet telephony service within India will install lawful interception equipment to comply with regulations set out by security agencies.
* Telecom Engineering Centre to conduct study on the basis of which appropriate number blocks will be earmarked for internet telephony under an eleven digit numbering plan


“The regulator has ensured that consumers who were not being offered a cheaper service provided by the march of technology despite the fact that mobile operators were allowed to do so will no longer be deprived of it,” said Indian Service Providers Association of India (ISPAI) President Rajesh Charia.

ISPs said the policy would go a long way towards boosting their revenue models. “ISPs on a standalone basis are not profitable, and internet telephony will add to their revenue stream and make them viable,” said S S Perhar, chief operating officer of ISP Tulip Telecom.

In a statement Nasscom added: "As a direct implication, this move will now allow voice transmission over the internet for a ‘PC to phone in India’, which will benefit the BPO industry to a large extent."

Mobile operators, however, said the move is unfair. Says T V Ramachandran, director general of the Cellular Operators Association of India (COAI): “If ISPs want to provide telephony they should take a universal access service licence and pay Rs 1,650 crore. Now they have been given the right on a platter and it violates the level playing field norms. The government is following the populist bandwagon.”

Consumers will have different choices to make internet telephony a reality. They can pay between Rs 500 and Rs 1,500 to buy a specialised device to convert a landline into a VOIP phone (broadband connectivity will also be required).

Another option is to buy VOIP cordless phones for Rs 8,000 to Rs 15,000 that also offer video facilities. By next year, VOIP phone could be completely mobile, competing directly with the GSM mobile players.

Of course, that would be possible only if the ISPs bid and win in the upcoming broadband wireless auction for spectrum, the radio frequencies that enable wireless communications, slated to be held simultaneously with third-generation (3G) services that offer high-speed data downloads on mobile phones. This will require users to buy a Wimax-enabled phone, which is expected to be available for Rs 5,000 onwards. PCs and the popular internet site Skype are other options.

But mobile companies say that the fear of a dramatic fall impacting their business might not be true. “I don’t see more than 2 to 3 per cent of the total STD and ISD calls shifting to internet telephony. Mobile tariffs within India are already at Re 1 per minute, and within the same network anywhere in the country it is already as low as 40 paise. Also ISD tariffs are falling dramatically. And we can easily offer the same tariffs on our GSM,” said an executive with a leading GSM mobile service provider.


BS

21 Aug 2008 13:28

The government today gave commodity exchanges time till Jun 30 to comply
with its foreign investment norms. The government had laid new foreign
investment norms for commodity exchanges in Mar 2008, by which total foreign investment was capped at 49%, including 23% portfolio investment and 26% foreign direct investment.
...

21 Aug 2008 13:23

Currency derivatives trading to start on NSE from Aug 29

Trading in currency derivatives will start on National Stock Exchange
from Aug 29, said NSE.
...

21 Aug 2008 13:18

4500 PUT is rocking...the hammering has come a little late than I expected. Today and tomorrow also market would be bearish. 4300 is not a huge support any more. 4200 should provide strong support now.

Trade safe.

Thanks,
Rudra...

In reply to:

Nifty to go up beyond 4600 in August

Posted by : rudra_sinha

Although market has shown good resilience today, the correction is not over yet by any means. In fact to me market is looking pretty weak.

If anybody bought as per my strategy mentioned in this thread i.e. buy 4700 Nifty Call and 4500 PUT, he/she should be in good profit by now. Continue to hold both the positions. However, my belief is, 4500 PUT is the one that would continue to fetch you money this month.

Trade safe.

Rudra

21 Aug 2008 13:13

Now these days the equity market is too volitile even crude prises and gold is comming down....

21 Aug 2008 13:11

nifty is heading towards 4100, falling crude could not stop its downtrend as it is purely a technical move. so become a bear and eat some fishes ! -CHRISTHUBALAN, shareprofittips...

In reply to:

Mkt to be rangebound at 4300-4500 levels: Ashwani Gujral

Posted by : MMB Messenger

Technical Analyst Ashwani Gujral feels the market is in a drift mode between 4300-4500 unless the parameters change and crude falls below USD 110 per barrel. He expects the bearish sentiment to continue and said that if the Nifty stays above the 3800 levels a little longer he sees an upside in the market.

21 Aug 2008 13:11

nifty is heading towards 4100, falling crude could not stop its downtrend as it is purely a technical move. so become a bear and eat some fishes ! -CHRISTHUBALAN, shareprofittips...

In reply to:

Mkt to be rangebound at 4300-4500 levels: Ashwani Gujral

Posted by : MMB Messenger

Technical Analyst Ashwani Gujral feels the market is in a drift mode between 4300-4500 unless the parameters change and crude falls below USD 110 per barrel. He expects the bearish sentiment to continue and said that if the Nifty stays above the 3800 levels a little longer he sees an upside in the market.

21 Aug 2008 13:10

Nifty will never hit 3600 or Sensex 12000, we do accept that we are in bear market but except inflation India don't need to really worry about and Inflation is now a days global issue.....for more info on daily market update visit hbjcapital dot com.

(Aug 21st/Thursday; Posted on 1:04am Thursday)[Publisher of -10in3- (Small Cap with 10 times in 3 years potential) Equity Research Report & -Street Smart- (Lots of Investment Ideas) Newsletter]

FOR MORE INFO VISIT HBJCAPITAL DOT COM

HBJ Capital’s prediction was proved wrong yesterday; we expected Indian stock market to continue its fall and it was well in its way, likely to fall till early morning around 7am, when I was busy taking a nice cup of tea prepared by my caring younger brother, glaring at CNBC TV18, Hang Sang and China, both were down, US already extended support on Tuesday after falling 1% or more. So, in short HBJ Capital's prediction was almost going in the right direction. BUT....


But by the time I reach HBJ Capital's head office at Jayanagar, Bangalore, scenarios were different; China up 5% and Hang Sang up 1%, even Nikkei was 0.5% up with no reason to smile (Japan is going thru longer recession and slowdown fear). Actually what happened during my transit from home to office was -There were some speculation that Chinese government may announce pro-market policy reforms, it seems China is considering an economic stimulus package of up to 400 billion Yuan (58.4 billion dollars) to boost growth-. This news helped Shanghai Stock Market to bounce back 7% today. It is true that anything can happen anytime, see a news coming out from China, that too all of a sudden, has made our prediction wrong:-(

Funny thing here is, Hang Sang, Nikkei and whole European stock market started celebrating, including our own Indian market. Yes, we except that, UPA government reforms is in process but still we need to see how long they are able to attract vote bank by providing cash payment of Rs 22,000Cr as subsidy to the fertilizer companies.

Already govt is suffering from Oil subsidy and now it is fertilizer subsidy, rather than increasing the efficiency of these companies govt is taking shortcut route to attract farmers. Any idea what happened to approx Rs 30,000 Cr which was paid by govt to farmers as bad loan repayment? Still farmer are doing suicide, these subsidy are short term solution for a bigger long term problem.

Shrugging off the bearish sentiment in the last couple of sessions, the markets opened in the positive note yesterday and sustained their strength throughout the session. The Nifty August futures ended with a premium of 26 points at 4,442 as against the spot Nifty which closed at 4,416 (up 48 points). The August futures saw trades of over 4.20 lakh contracts, and the open interest rose by 27 lakh shares to 3.51 crore shares.

...

In reply to:

WILL NIFTY HIT 3600 & SENSEX TOUCH 12000

Posted by : MMB Moderator

Hi hindlevernet,

In your own words "if you see somthing wrong, just ignore it and if you find something appreciable, do not forget to compliment"

We will appreciate if you follow your principle... please donot mark messages as offensive and delete them off the board.. if the messages donot break the code of conduct on the MMB.

-MMB Moderator

21 Aug 2008 13:09

Technical Analyst Ashwani Gujral feels the market is in a drift mode between 4300-4500 unless the parameters change and crude falls below USD 110 per barrel. He expects the bearish sentiment to continue and said that if the Nifty stays above the 3800 levels a little longer he sees an upside in the market. ...

21 Aug 2008 13:09

Crude is now almost at USD 116 per barrel. Alan Heap, Managing Director & Global Commodity at Citi Investment Research expects a steady erosion in commodity prices. The base metals are seeing steady price erosion, he said. Heap expects the copper prices to rebound next year. ...

21 Aug 2008 13:05

(Aug 21st/Thursday; Posted on 1:04am Thursday)[Publisher of -10in3- (Small Cap with 10 times in 3 years potential) Equity Research Report & -Street Smart- (Lots of Investment Ideas) Newsletter]

FOR MORE INFO VISIT HBJCAPITAL DOT COM

HBJ Capital’s prediction was proved wrong yesterday; we expected Indian stock market to continue its fall and it was well in its way, likely to fall till early morning around 7am, when I was busy taking a nice cup of tea prepared by my caring younger brother, glaring at CNBC TV18, Hang Sang and China, both were down, US already extended support on Tuesday after falling 1% or more. So, in short HBJ Capital\'s prediction was almost going in the right direction. BUT....


But by the time I reach HBJ Capital\'s head office at Jayanagar, Bangalore, scenarios were different; China up 5% and Hang Sang up 1%, even Nikkei was 0.5% up with no reason to smile (Japan is going thru longer recession and slowdown fear). Actually what happened during my transit from home to office was -There were some speculation that Chinese government may announce pro-market policy reforms, it seems China is considering an economic stimulus package of up to 400 billion Yuan (58.4 billion dollars) to boost growth-. This news helped Shanghai Stock Market to bounce back 7% today. It is true that anything can happen anytime, see a news coming out from China, that too all of a sudden, has made our prediction wrong:-(

Funny thing here is, Hang Sang, Nikkei and whole European stock market started celebrating, including our own Indian market. Yes, we except that, UPA government reforms is in process but still we need to see how long they are able to attract vote bank by providing cash payment of Rs 22,000Cr as subsidy to the fertilizer companies.

Already govt is suffering from Oil subsidy and now it is fertilizer subsidy, rather than increasing the efficiency of these companies govt is taking shortcut route to attract farmers. Any idea what happened to approx Rs 30,000 Cr which was paid by govt to farmers as bad loan repayment? Still farmer are doing suicide, these subsidy are short term solution for a bigger long term problem.

Shrugging off the bearish sentiment in the last couple of sessions, the markets opened in the positive note yesterday and sustained their strength throughout the session. The Nifty August futures ended with a premium of 26 points at 4,442 as against the spot Nifty which closed at 4,416 (up 48 points). The August futures saw trades of over 4.20 lakh contracts, and the open interest rose by 27 lakh shares to 3.51 crore shares.

...

21 Aug 2008 13:02

The markets snapped their five-session losing streak today. The Nifty, the Sensex and the broader markets posted good gains. The Nifty and the Sensex were up 1%. The broader market saw more green than red. All in all, it was a pretty quiet day on low volumes....

21 Aug 2008 13:01

Mkts under selling pressure; banks worst hit

Investors were offloading positions after oil rebounded and ahead of inflation data.


...

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