illa Dev, hdfcOda irruku. If you want any info , I can get . Few of my friends are using ICICI only
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illa Dev, hdfcOda irruku. If you want any info , I can get . Few of my friends are using ICICI only
sorry. naan share trading panradhilla. only mutual funds. am doin it with ILFS.Quote:
Originally Posted by dev
Thanks Great & Gokul... Onnum illai... I used to read elliot wave analysis by vivek patil every monday on ICICI website... Now they have made it accessible only to ICICI acc holders... adhu thaan neenga acc vechu irundhaal copy-paste ketkalaamnu paarthen... :D :oops:
Thats not a problem . I can arrange for that :D
oh... thanks a lot, Great... :D :D :D I'm planning to open an acc with ICICI mainly to get access to these stuffs... maybe this dec when I come to India I'll do it...:)Quote:
Originally Posted by great
Thanks a lot, Balaji... very kind of you...:)
Mkts celebrate Fed rate cut: Sensex closes above 16k
It was a phenomenal session for equity markets across the globe giving some blow out moves. Markets saw an emphatic breakout celebrating the rate cut of 50 bps in the discount rate by the Fed chief Ben Bernanke. This rate cut comes after four years on account of recession concerns in the US. During the last four years there have been 17 consecutive rate hikes and yesterday we saw a rate cut of 50 bps. Analysts are seeing this as positive and a bold move by the Fed in order to take charge of the slowdown in US.
It was a historic session for Sensex, which was up 4% or 600 points breaching 16,000 and staying well above outperforming most of the Asian peers. It was the biggest single day points gain for Sensex. The euphoria was wide spread in scrips across sectors. Sugar was the story of the day. After a long time sugar rallied with some of sugar stocks locked in upper circuit on sops being given to sugar companies.
Rate sensitive were also among the star performers whether it was banking, property or auto.
:arrow: Banking & financial stocks like HDFC and HDFC Bank saw big moves and were up 8% followed by ICICI Bank and SBI. Giving them company from the realty space were DLF, Unitech, HDIL.
:arrow: Stocks like SBI, SAIL, Reliance, RPL, HDFC, BHEL and Tata Steel hit their life time highs. Reliance market cap hit Rs 3 lakh crore.
:arrow: Sensex was up 653.63 points or 4.17% at 16322.75, and the Nifty up 186.15 points or 4.09% at 4732.35.
:arrow: About 1643 shares have advanced, 1301 shares declined, and 86 shares are unchanged.
:arrow: The BSE Midcap Index ended at 7,116.61 up 132 points or 1.9%.
:arrow: The BSE Smallcap Index ended at 8,871.00 up 90 points or 1%.
:arrow: The BSE Capital Goods Index was closed at 14,112.99 up 2%. Triveni Engg, Praj Industries, Lakshmi Machine, Reliance Infra, Carborundum, Bharat Bijlee, Thermax closed higher.
:arrow: The BSE Auto Index closed closed at 5,094.31 up 3.5%. Maruti Udyog, Bajaj Auto, Mah and Mah, Hero Honda, Tata Motors ended in the green.
:arrow: The BSE Metal Index closed at 12,546.34 up 4%. SAIL, Sterlite Ind, Tata Steel, Hindalco, JSW Steel, Hind Zinc
advanced.
:arrow: The BSE FMCG Index gained 2% at 2,140.91. ITC, HUL, Britannia, Marico, Colgate, Tata Tea ended higher.
:arrow: BSE Oil and Gas Index closed at 8,924.11 up 5%. Reliance Petro, Reliance Natura, GAIL, Reliance closed in green.
:arrow: The BSE IT Index closed at 4,491.21 up 2.4%. Infosys, Tech Mahindra, Mphasis, I-Flex Solution, HCL Tech, Satyam, Patni Computer closed higher.
:arrow: The BSE Bankex was up 5% at 8,691.45. HDFC Bank, Bank of Baroda, ICICI Bank, PNB, SBI closed higher.
:arrow: The NSE cash turnover was at Rs 16470.54 crore and the NSE F&O turnover was at Rs 68643.65 crore. The BSE cash turnover was Rs 7455.94 crore. Total market wide turnover was at Rs 92570.13 crore.
SENSEX: ROAD TO 16 K
9-10K: 49 days
10-11K: 30 days
11-12K: 20 days
12-13K: 136 days
13-14K: 27 days
14-15K: 144 days
15-16: 53 days
SENSEX CHRONOLOGY
:arrow: 16, 000 - Sep 19, 2007
:arrow: 15,000 - July 6, 07: 15000
:arrow: 14,000 - Dec 5, 2006
:arrow: 13,000 - Oct 30, 2006
:arrow: 12,000 - Apr 20, 2006
:arrow: 11,000 - Mar 21, 2006
:arrow: 10,000 - Feb 6, 2006
:arrow: 9,000 - Nov 28, 2005
:arrow: 8,000 - Sep 8, 2005
:arrow: 7,000 - June 20t, 2005
:arrow: 6,000 - Feb 11, 2000
:arrow: 5,000 - Oct 8, 1999
IMO, Indian markets have over-reacted to fed rate cut ...:)
Wish Fed do dis frequently.
then Indian stock mkt la few thousands invest pannavanga kooda crorepati aayidalam. :lol:
The Sensex story: From 1000 to 17,000!
September 26, 2007
Indian markets achieved yet another milestone on Wednesday; it opened positive and within seconds, hit a new high. The 30-share index took just 5 days to reach 17,000 from 16,000.
Following is the timeline on the rise and rise of the Sensex through Indian stock market history.
1000, July 25, 1990
On July 25, 1990, the Sensex touched the magical four-digit figure for the first time and closed at 1,001 in the wake of a good monsoon and excellent corporate results.
2000, January 15, 1992
On January 15, 1992, the Sensex crossed the 2,000-mark and closed at 2,020 followed by the liberal economic policy initiatives undertaken by the then finance minister and current Prime Minister Dr Manmohan Singh.
3000, February 29, 1992
On February 29, 1992, the Sensex surged past the 3000 mark in the wake of the market-friendly Budget announced by the then Finance Minister, Dr Manmohan Singh.
4000, March 30, 1992
On March 30, 1992, the Sensex crossed the 4,000-mark and closed at 4,091 on the expectations of a liberal export-import policy. It was then that the Harshad Mehta scam hit the markets and Sensex witnessed unabated selling.
5000, October 8, 1999
On October 8, 1999, the Sensex crossed the 5,000-mark as the BJP-led coalition won the majority in the 13th Lok Sabha election.
6000, February 11, 2000
On February 11, 2000, the infotech boom helped the Sensex to cross the 6,000-mark and hit and all time high of 6,006.
7000, June 20, 2005
On June 20, 2005, the news of the settlement between the Ambani brothers boosted investor sentiments and the scrips of RIL [Get Quote] [Get Quote], Reliance Energy [Get Quote], Reliance Capital [Get Quote] [Get Quote] and IPCL [Get Quote] [Get Quote] made huge gains. This helped the Sensex crossed 7,000 points for the first time.
8000, September 8, 2005
On September 8, 2005, the Bombay Stock Exchange's benchmark 30-share index -- the Sensex -- crossed the 8000 level following brisk buying by foreign and domestic funds in early trading.
9000, November 28, 2005
The Sensex on November 28, 2005 crossed the magical figure of 9000 to touch 9000.32 points during mid-session at the Bombay Stock Exchange on the back of frantic buying spree by foreign institutional investors and well supported by local operators as well as retail investors.
10,000, February 6, 2006
The Sensex on February 6, 2006 touched 10,003 points during mid-session. The Sensex finally closed above the 10K-mark on February 7, 2006.
11,000, March 21, 2006
The Sensex on March 21, 2006 crossed the magical figure of 11,000 and touched a life-time peak of 11,001 points during mid-session at the Bombay Stock Exchange for the first time. However, it was on March 27, 2006 that the Sensex first closed at over 11,000 points.
12,000, April 20, 2006
The Sensex on April 20, 2006 crossed the 12,000-mark and closed at a peak of 12,040 points for the first time.
13,000, October 30, 2006
The Sensex on October 30, 2006 crossed the magical figure of 13,000 and closed at 13,024.26 points, up 117.45 points or 0.9%. It took 135 days for the Sensex to move from 12,000 to 13,000 and 123 days to move from 12,500 to 13,000.
14,000, December 5, 2006
The Sensex on December 5, 2006 crossed the 14,000-mark to touch 14,028 points. It took 36 days for the Sensex to move from 13,000 to the 14,000 mark.
15,000, July 6, 2007
The Sensex on July 6, 2007 crossed the magical figure of 15,000 to touch 15,005 points in afternoon trade. It took seven months for the Sensex to move from 14,000 to 15,000 points.
16,000, September 19, 2007
The Sensex scaled yet another milestone during early morning trade on September 19, 2007. Within minutes after trading began, the Sensex crossed 16,000, rising by 450 points from the previous close. The 30-share Bombay Stock Exchange's sensitive index took 53 days to reach 16,000 from 15,000. Nifty also touched a new high at 4659, up 113 points.
The Sensex finally ended with its biggest-ever single day gain of 654 points at 16,323. The NSE Nifty gained 186 points to close at 4,732.
17,000, September 26, 2007
The Sensex scaled yet another height during early morning trade on September 26, 2007. Within minutes after trading began, the Sensex crossed 17,000.
SENSEX CHRONOLOGY
:arrow: 18000 - Oct 09, 2007
:arrow: 17000 - Sep 26, 2007
:arrow: 16000 - Sep 19, 2007
:arrow: 15000 - Jul 06, 2007
:arrow: 14000 - Dec 05, 2006
:arrow: 13000 - Oct 30, 2006
:arrow: 12000 - Apr 20, 2006
:arrow: 11000 - Mar 21, 2006
:arrow: 10000 - Feb 06, 2006
:arrow: 9000 - Nov 28, 2005
:arrow: 8000 - Sep 08, 2005
:arrow: 7000 - Jun 20, 2005
:arrow: 6000 - Feb 11, 2000
:arrow: 5000 - Oct 08, 1999
:arrow: 4000 - Mar 30, 1992
:arrow: 3000 - Feb 29, 1992
:arrow: 2000 - Jan 15, 1992
:arrow: 1000 - July 25, 1990
Ennavo ponga, GP... :x
u hv said dis wen mkt crossd 16k. mkts now?Quote:
Originally Posted by dev
Wit possibility of mid-term polls almost ruld out, seems no real threat fr Indian mkts now? smal corrections lik d one on friday may b seen. Otherwise nothing cud control d bull.Quote:
Originally Posted by dev
Stil waitin fr correction? :roll:
Oct 29, 2007
Mukesh becomes world's richest
Billionaire Mukesh Ambani on Monday became the richest person in the world, surpassing American software czar Bill Gates, Mexican business tycoon Carlos Slim Helu and famous investment guru Warren Buffett, courtesy the bull run in the stock market.
Following a strong share price rally today in his three group companies -- India's most valued firm Reliance Industries, Reliance Petroleum and Reliance Industrial Infrastructure Ltd -- the net worth of Mukesh Ambani rose to 63.2 billion dollars (Rs 2,49,108 crore).
In comparison, the net worth of both Gates and Slim is estimated to be slightly lower at around 62.29 billion dollars each, with Slim leading among the two by a narrow margin.
Warren Buffett, earlier the third richest in the world, also dropped one position with a net worth of about 56 billion dollars.
Ambani's wealth of about Rs 2,49,000 crore includes about Rs 2,10,000 crore from RIL (50.98 per cent stake), Rs 37,500 crore from RPL (37.5 per cent) and Rs 2,100 crore from RIIL (46.23 per cent).
Slim's wealth has been calculated on the basis of his stake in companies like America Movil (30 per cent), Carso Global (82 per cent), Grupo Carso (75 per cent), Inbursa (67 per cent), IDEAL (30 per cent) and Saks Inc (10 per cent).
According to information available with the US and Mexican stock exchanges where these companies are listed, Slim currently holds shares worth a total of USD 62.2993 billion, with more than half coming from Latin American mobile major America Movil. Slim is closely followed by Gates with a net worth of 62.29 billion dollars currently.
SENSEX CHRONOLOGY
:arrow: 20000 - Oct 29, 2007
:arrow: 19000 - Oct 15, 2007
:arrow: 18000 - Oct 09, 2007
:arrow: 17000 - Sep 26, 2007
:arrow: 16000 - Sep 19, 2007
:arrow: 15000 - Jul 06, 2007
:arrow: 14000 - Dec 05, 2006
:arrow: 13000 - Oct 30, 2006
:arrow: 12000 - Apr 20, 2006
:arrow: 11000 - Mar 21, 2006
:arrow: 10000 - Feb 06, 2006
:arrow: 9000 - Nov 28, 2005
:arrow: 8000 - Sep 08, 2005
:arrow: 7000 - Jun 20, 2005
:arrow: 6000 - Feb 11, 2000
:arrow: 5000 - Oct 08, 1999
:arrow: 4000 - Mar 30, 1992
:arrow: 3000 - Feb 29, 1992
:arrow: 2000 - Jan 15, 1992
:arrow: 1000 - July 25, 1990
The Sensex story: From 1000 to 20000!
Following is the timeline on the rise and rise of the Sensex through Indian stock market history.
1000, July 25, 1990
On July 25, 1990, the Sensex touched the magical four-digit figure for the first time and closed at 1,001 in the wake of a good monsoon and excellent corporate results.
2000, January 15, 1992
On January 15, 1992, the Sensex crossed the 2,000-mark and closed at 2,020 followed by the liberal economic policy initiatives undertaken by the then finance minister and current Prime Minister Dr Manmohan Singh.
3000, February 29, 1992
On February 29, 1992, the Sensex surged past the 3000 mark in the wake of the market-friendly Budget announced by the then Finance Minister, Dr Manmohan Singh.
4000, March 30, 1992
On March 30, 1992, the Sensex crossed the 4,000-mark and closed at 4,091 on the expectations of a liberal export-import policy. It was then that the Harshad Mehta scam hit the markets and Sensex witnessed unabated selling.
5000, October 8, 1999
On October 8, 1999, the Sensex crossed the 5,000-mark as the BJP-led coalition won the majority in the 13th Lok Sabha election.
6000, February 11, 2000
On February 11, 2000, the infotech boom helped the Sensex to cross the 6,000-mark and hit and all time high of 6,006.
7000, June 20, 2005
On June 20, 2005, the news of the settlement between the Ambani brothers boosted investor sentiments and the scrips of RIL [Get Quote] [Get Quote], Reliance Energy [Get Quote], Reliance Capital [Get Quote] [Get Quote] and IPCL [Get Quote] [Get Quote] made huge gains. This helped the Sensex crossed 7,000 points for the first time.
8000, September 8, 2005
On September 8, 2005, the Bombay Stock Exchange's benchmark 30-share index -- the Sensex -- crossed the 8000 level following brisk buying by foreign and domestic funds in early trading.
9000, November 28, 2005
The Sensex on November 28, 2005 crossed the magical figure of 9000 to touch 9000.32 points during mid-session at the Bombay Stock Exchange on the back of frantic buying spree by foreign institutional investors and well supported by local operators as well as retail investors.
10000, February 6, 2006
The Sensex on February 6, 2006 touched 10,003 points during mid-session. The Sensex finally closed above the 10K-mark on February 7, 2006.
11000, March 21, 2006
The Sensex on March 21, 2006 crossed the magical figure of 11,000 and touched a life-time peak of 11,001 points during mid-session at the Bombay Stock Exchange for the first time. However, it was on March 27, 2006 that the Sensex first closed at over 11,000 points.
12000, April 20, 2006
The Sensex on April 20, 2006 crossed the 12,000-mark and closed at a peak of 12,040 points for the first time.
13000, October 30, 2006
The Sensex on October 30, 2006 crossed the magical figure of 13,000 and closed at 13,024.26 points, up 117.45 points or 0.9%. It took 135 days for the Sensex to move from 12,000 to 13,000 and 123 days to move from 12,500 to 13,000.
14000, December 5, 2006
The Sensex on December 5, 2006 crossed the 14,000-mark to touch 14,028 points. It took 36 days for the Sensex to move from 13,000 to the 14,000 mark.
15000, July 6, 2007
The Sensex on July 6, 2007 crossed the magical figure of 15,000 to touch 15,005 points in afternoon trade. It took seven months for the Sensex to move from 14,000 to 15,000 points.
16000, September 19, 2007
The Sensex scaled yet another milestone during early morning trade on September 19, 2007. Within minutes after trading began, the Sensex crossed 16,000, rising by 450 points from the previous close. The 30-share Bombay Stock Exchange's sensitive index took 53 days to reach 16,000 from 15,000. Nifty also touched a new high at 4659, up 113 points.
The Sensex finally ended with its biggest-ever single day gain of 654 points at 16,323. The NSE Nifty gained 186 points to close at 4,732.
17000, September 26, 2007
The Sensex scaled yet another height during early morning trade on September 26, 2007. Within minutes after trading began, the Sensex crossed 17,000.
18000, October 09, 2007
The BSE Sensex crossed the 18,000-mark on October 09, 2007. It took just 8 days to cross 18,000 points from the 17,000 mark. The index zoomed to a new all-time intra-day high of 18,327. It finally gained 789 points to close at an all-time high of 18,280. The market set several new records including the biggest single day gain of 789 points at close, as well as the largest intra-day gains of 993 points in absolute term backed by frenzied buying after the news of the UPA and Left meeting on October 22 put an end to the worries of an impending election.
19000, October 15, 2007
The Sensex crossed the 19,000-mark backed by revival of funds-based buying in blue chip stocks in metal, capital goods and refinery sectors. The index gained the last 1,000 points in just four trading days. The index touched a fresh all-time intra-day high of 19,096, and finally ended with a smart gain of 640 points at 19,059.The Nifty gained 242 points to close at 5,670.
20000, October 29, 2007
The Sensex crossed the 20,000 mark on the back of aggressive buying by funds ahead of the US Federal Reserve meeting. The index took only 10 trading days to gain 1,000 points after the index crossed the 19,000-mark on October 15. The major drivers of today's rally were index heavyweights Larsen and Toubro, Reliance Industries, ICICI Bank, HDFC Bank and SBI among others. The 30-share index spurted in the last five minutes of trade to fly-past the crucial level and scaled a new intra-day peak at 20,024.87 points before ending at its fresh closing high of 19,977.67, a gain of 734.50 points. The NSE Nifty rose to a record high 5,922.50 points before ending at 5,905.90, showing a hefty gain of 203.60 points.
Nov 1, 2007
Fed rate cut excites bulls
All key indices up by over 1.5%.
Nifty crosses 6000 mark.
Capital Goods index above 20100, Sensex around 20050.
Capital goods index ahead of Sensex. :roll:
Fed rate-a cut panni mattum enna aaga pogudhu?... Namma Helicopter Ben note adichitte irundhaalum sari, fed ratea cut pannite irundhaalum sari US recessionku poga thaan pogudhu... :huh:Quote:
Originally Posted by sgokulprathap
Capital Goods index eyeing 21000.
Capital Goods index above 20900, up by over 1125 points. :shock:
IBLA awards 2007...
http://www.moneycontrol.com/india/ne...d/13/46/316156
Constructions and Cement companies seem to be doing well at the moment..
Here are the highlights from the report of the much talked about Marg Constructions
---------------------------------------------------------------------------
Marg Constructions
Rs420
Value unlocking
Reason for report: Company update
We are upgrading our price target for Marg Constructions 103% to Rs780/share
from Rs385/share based on recent positive developments in the company’s port
and real estate segments. T
his includes final notification for establishment of
special economic zones (SEZ), acquisition of 500acres land near the
Seekinakuppam SEZ and revaluation of the port business.
Marg Constructions is a
Chennai-based real estate and infrastructure developer; it is also a value play on
port, SEZ and other real estate & infrastructure projects. We upgrade our NPV to
Rs17.98bn from Rs9.6bn; reiterate BUY.
Karaikkal Port is a 10mnte dry cargo port under construction in Pondicherry; we
have valued the port at Rs4bn – Westport, the Malaysian port operator has signed up
for joint operations of the port. The first phase (4mnte capacity) would commence by
October ’08 and the second phase (7.3mnte cumulative capacity) by November ’09.
Notified SEZs. Marg Constructions has received final notification for developing two
SEZs (multi services & light engineering) near Chennai, spread over 613 acres. We
estimate the market price of land to be Rs.4mn/acres, implying land value of
Rs2.4bn. Based on the potential development of more than 28mn sqft, we have
valued the SEZs atRs4.6bn.
Land bank accretion. Marg Constructions has a total land bank of 1,310 acres
valued at Rs4.6bn, which includes a 1.1mn sqft integrated mall/multiplex/hotel project
at Old Mahabalipuram Road, Chennai, valued at Rs2bn. Marg owns500 acres
adjacent to its notified SEZs.
Future initiatives.
Marg Constructions intends to venture into big-ticket
infrastructure and urban development projects, including costal corridor projects,
fishing harbours & port based SEZ, roads, and other urban infrastructure projects.
We have not assigned any value to these projects; however, they could add further
upside to our NAV.
Outlook. We estimate the company’s PAT to grow at 130% CAGR over the next two
years. The stock is currently trading at FY08E and FY09E P/E of 26.8x and 6.6x
based on our EPS estimates of Rs15.7 and Rs63.4 respectively. We estimate sum-
of-the-parts valuation of the company at Rs17.9bn or Rs780/share. Reiterate BUY
Sensex on steroids
http://specials.rediff.com/yearend/2...0yrsensex1.htm
Warren Buffet bought his first stock in the year 1941 when he was 11 years old. In 1943, at an age of 13 he told a family friend that by the time he is 30 he would become a millionaire.
If you are aspiring to become a millionaire then start as early as possible. Even if you do not want to become millionaire but wish to create substantial wealth for you to lead financially free life then start as early as possible.
http://www.moneycontrol.com/india/ne...e/10/12/306167
Plan your retirement in 3 simple steps
Liquidity, regular income and growth are like three legs of a tripod called Retirement. And for your retirement tripod to stand, all three legs need to stand in balanced manner.
http://news.moneycontrol.com/mf/news...all_section=MF
Mutual Funds have been around in India for more than a decade now. However, it is only in the recent past that it has come on the investment radar of the common investor. As such, many questions still bother the minds of the investors.
In this article we discuss 5 of the most Frequently Asked Questions regarding investing in MFs.
http://www.moneycontrol.com/india/ne...s/10/12/312544
How to be a Prudent investor?
http://www.moneycontrol.com/india/ne...r/10/12/316636
Double Trouble: NFOs and that too Theme-based!
The MF industry is on an overdrive. The continuing bull market has energized the industry so much that we are being bombarded with NFOs day-in and day-out. The media blitz is simply overwhelming. Even if you try to evade a few, you are bound to be hit by the others. There seems to be no escape.
http://www.moneycontrol.com/india/ne...d/10/12/316257
ABC of investing in Fixed Income
The income fund I invested in returned only 5% last year. I would be better off investing in the fixed deposit of my neighborhood bank. I can get 9.5% for a one-year deposit. This used to be a familiar argument till some time back. Then came the FMPs – or the fixed maturity plans from mutual funds. These FMPs looked like Godsend for the mutual fund sellers. Why? Based on the interest rate scenario at the time of launch, the returns to the investor can be easily predicted. That gives a lot of comfort to the conservative predictability-loving fixed income investor. Let us explain this and that should start with an understanding of how fixed income instruments (and the fixed income funds) work.
http://www.moneycontrol.com/india/ne...e/10/12/315391
Mkt trades with moderate losses: IT, bank stks down
2007-12-12 09:35:04 Source : moneycontrol
Email Print Version
The markets are trading with moderate losses on selling pressure seen in IT and banking stocks. But we have still outperformed most of the Asia, which closed in red. The Fed cut rates by 25 bps disappointing analyst who were expecting a 50 bps cut leading to a fall. Action can be clearly seen in the broader market. The breadth is in favour of the advances. Both the BSE midcap index and smallcap index are up nearly 1% and 1.5% each respectively.
On the macroeconomic front, industrial growth growth came in at 11.8% versus 4.5%, YoY, slightly ahead of expectation of 11%.
At 1.18 hrs IST, the Sensex is down 83.43 points or 0.41% at 20207.46, and the Nifty down 21.15 points or 0.35% at 6076.10.
About 2188 shares have advanced, 851 shares declined, and 50 shares are unchanged.
Pharma, oil & gas, metal and realty stocks are trading higher. However, select bank, IT and capital goods were under pressure. Metal index is up 1.6% and realty index is up 1.7%. Tata Steel, HIndalco, Nalco are some of the top gainers.
IT index is down over 2%, Infosys is down 4%, Satyam and Wipro are down over 2.5%.
Glenmark Pharma up 8.4%, Nicholas Piramal up 5.4% and United Phosphorus are among some of the midcap gainers.
Colgate, Panit and Bank of Maharahtra are among the midcap losers.
On the Nifty among the top gainers were Idea, HDFC up 4%, Zee Ent up 3%, Tata Steel up 2.8%, followed by GSK, Sterlite Ind and Cairn India.
Top gainers on the Sensex are HDFC up 2.75%, Tata Steel up 2.2%, Hindalco up 1.8% and Maruti Suzuki up 1.6%.
On the primary market front, Edelweiss made a stellar debut and Renaissance listed inline with street expectations.
Most active shares on the exchanges were Edelweiss Capital, IFCI, Reliance Petroleum, Reliancce and Lanco Infratech.
HDIL, Ansal Properties, Omaxe and Puravankara Pro in the realty pack were buzzing. In the metal space, Shree Precoated, Nalco, Tata Steel and Hindalco were in focus.
Fed meet fails to deter mkt: Midcaps, smallcaps up
The markets are trading flat outperforming Asian peers. Markets were undetered by the fall in Asia post the Fed meet where it cut rates by a quarter point. Action can be clearly seen in the broader market. Both the BSE midcap index and smallcap index are up nearly 1.5%. Pharma, oil & gas, metal and realty stocks are trading higher. However, select bank, IT and capital goods were under pressure. The breadth is in fvaour of the advances.
At 12.07 hrs IST, the Sensex is up 5.17 points or 0.03% at 20296.06, and the Nifty down 4.15 points or 0.07% at 6093.10.
About 2268 shares have advanced, 773 shares declined, and 48 shares are unchanged.
On the macroeconomic front, industrial growth growth came in at 11.8% versus 4.5%, YoY, slightly ahead of expectation of 11%.
On the Nifty Nalco and the new addition Idea Cellular were both up over 3% followed by GSK, Sterlite Ind and Cairn India.
Top gainers on the Sensex are HDFC up 2.75%, Tata Steel up 2.2%, Hindalco up 1.8% and Maruti Suzuki up 1.6%.
On the primary market front, Edelweiss made a stellar debut and Renaissance listed inline with street expectations.
In the real estate sector Omaxe, HDIL are up 10% each
Top losers on the Sensex are Infosys at Rs 1,700.05 down 2.47%, Wipro at Rs 495.50 down 1.91% and Satyam at Rs 434.50 down 1.63%. HDFC Bank, ICICI Bank, Suzlon and Bharti were the other losers.
Most active shares on the exchanges were Edelweiss Capital, IFCI, Reliance Petroleum, Reliancce and Lanco Infratech.
HDIL, Ansal Properties, Omaxe and Puravankara Pro in the realty pack were buzzing. In the metal space, Shree Precoated, Nalco, Tata Steel and Hindalco were in focus.
Mkts bounce back from days low; metal, realty stks firm
The markets have bounced back from the early lows and were trading in modest green on the back of heavy buying witnessed in the realty, metal and pharma stocks. However, IT and capital good pack was still under pressure.
At 11 am, the Sensex is up 15.03 points or 0.07% at 20305.92, and the Nifty down 6.90 points or 0.11% at 6090.35. About 2214 shares have advanced, 820 shares declined, and 55 shares are unchanged.
Top gainers on the Sensex are Tata Steel at Rs 856 up 2.41%, Hindalco at Rs 204.20 up 2.33% and Maruti Suzuki at Rs 1,096 up 1.62%.
Top losers on the Sensex are Infosys at Rs 1,700.05 down 2.47%, Wipro at Rs 495.50 down 1.91% and Satyam at Rs 434.50 down 1.63%.
Most active shares on the exchanges were Edelweiss Capital, IFCI, Reliance Petroleum, Reliancce and Lanco Infratech.
HDIL, Ansal Properties, Omaxe and Puravankara Pro in the realty pack were buzzing. In the metal space, Shree Precoated, Nalco, Tata Steel and Hindalco were in focus.
Mkts still under pressure; IT, banks worst hit
The markets continue to trade in red with significant cuts on the back of selling witnessed in the IT, power, FMCG and banking space.Realty and auto stocks were also under deep pressure.
At 10.20 am, the Sensex is down 105.89 points or 0.52% at 20185.00, and the Nifty down 25.45 points or 0.42% at 6071.80. About 2009 shares have advanced, 1018 shares declined, and 62 shares are unchanged.
Top gainers on the Nifty are BPCL at Rs 449.10 up 2.23%,NALCO at Rs 414.05 up 2.22% and GAIL at Rs 527 up 1.45%.
Top losers on the Nifty are Infosys at Rs 1,697 down 2.71%, HDFC Bank at Rs 1,737.05 down 2.44% and Bharti Airtel at Rs 1,012 down 2.33%.
Most active shares on the exchanges were Edelweiss Capital, IFCI, Reliance Petroleum, Reliancce and Lanco Infratech.
Markets open with gap down on weak cues
The markets opened on weak note today taking cues from the global markets. Heavy selling was witnessed in the early trade led by the power, realty, telecom and metals stocks. Asia was trading with deep cut following US mkts which plunged yesterday after the Fed cut rates by a quarter point disappointing traders looking for twice that amount.
At 9:56 am, Sensex was down 217 points at 20073 and Nifty was down 80 points at 6016. Major losers in the early trade were Bharti Airtel, Rel Comm, Rel Energy, MTNL, ICICI bank, Cipla, HDFC bank, Sterlite Inds, Infosys, Unitech, Satyam, SAIL and VSNL.
Edelweiss Securities got listed on the bourses today at Rs 1443 versus its issue price of Rs 825.
Asian markets were trading weak. Hong Kong's Hang Seng tumbled 2.64% or 772.56 points at 28,454.28, Japan's Nikkei plunged 1.84% or 294.85 points at 15,749.87, Taiwan's Taiwan Weighted was down 2.09% or 180.78 points at 8,457.55, Singapore's Straits Times declined 1.77% or 63.61 points at 3,525.42 and South Korea's Seoul Composite slipped 1.46% or 28.01 points at 1,897.06.
US markets: US stocks closed with huge losses after the Fed cut rates by a quarter point disappointing traders looking for twice that amount. The Dow tumbled 294.26 points, or 2.14%, to 13,432.77 after dropping as much as 313.29. The Standard & Poor's 500 index plunged 38.31 points, or 2.53%, to 1,477.65, and the Nasdaq composite index declined 66.60 points, or 2.45%, to 2,652.35
Market cues:
* Global markets weak after Fed decision of 25 bps rate cut
* FIIs net buy USD 74.5 million in equity on Dec 10
* NSE F&O Open Interest up by Rs 1,932 crore at Rs 1,04,622 crore
Many people think trading is the simplest way of making money in the stock market. Far from it; I believe it is the easiest way of losing money. There is an old Wall Street adage, that "the easiest way of making a small fortune in the markets is having a large fortune."
I discuss below eight ways of undisciplined trading which lead to losses. Guard against them, or the market will wipe you out. I am qualified to speak on this subject because I was myself an undisciplined trader for a long time and the market hammered me into line and forced me to change my approach.
1. Trading during the first half-hour of the session
The first half-hour of the trading day is driven by emotion, affected by overnight movements in the global markets, and hangover of the previous day's trading. Also, this is the period used by the market to entice novice traders into taking a position which might be contrary to the real trend which emerges only later in the day.
Most experienced traders simply watch the markets for the first half of the day for intraday patterns and any subsequent trading breakouts.
2. Failing to hear the market's message
Personally, I try to hear the message of the markets and then try to confirm it with the charts. During the trading day, I like to watch if the market is able to hold certain levels or not.
I like to go long around the end of the day if supported by patterns, and if the prices are consistently holding on to higher levels. I like to go short if the market is giving up higher levels, unable to sustain them and the patterns support a down move of the market.
This technique is called tape watching and all full-time traders practice it in some shape or form. If the markets are choppy and oscillate within a small range, then the market's message is to keep out.
Hearing the message of the market can be particularly important in times of significant news. The market generally reacts in a fashion contrary to most peoples' expectation. Let us consider two recent Indian events of significance.
One was the Gujarat earthquake that took place on 26 January 2001 and the other the 13 December 2001 terrorist attack on the Indian parliament. Both these events appeared catastrophic at first glance. TV channels suggested that the earthquake would devastate the country's economy because Gujarat has the largest number of investors and their confidence would be shattered, making the stock market plunge.
Tragic as both the events were, the market reacted in a different way to each by the end of the day. In both cases the markets plunged around 170 points when it opened, in both cases it tried to recover and while it managed a full recovery in the case of the Gujarat earthquake, it could not do so in the Parliament attack case.
The market was proven correct on both counts. The Gujarat earthquake actually held the possibility of boosting the economy as reconstruction had to be taken up, and also because most of the big installations, including the Jamnagar Refinery, escaped damage. In the case of the attack on parliament, although traders assessed that terrorist attacks were nothing new in the country but the market did not recover because it could see some kind of military build-up ahead from both India and Pakistan. And markets hate war and uncertainty.
In both these cases what helped the cause of the traders were the charts. If the charts say that the market is acting in a certain way, go ahead and accept it. The market is right all the time. This is probably even truer than the more common wisdom about the customer being the king. If you can accept the market as king, you will end up as a very rich trader, indeed.
Herein lies one reason why people who think they are very educated and smart often get trashed by the market because this market doesn't care who you are and it's certainly not there to help you. So expect no mercy from it; in fact, think of it as something that is there to take away your money, unless you take steps to protect yourself.
3. Ignoring which phase the market is in
It is important to know what phase the market is in -- whether it's in a trending or a trading phase. In a trending phase, you go and buy/sell breakouts, but in a trading phase you buy weakness and sell strength.
Traders who do not understand the mood of the market often end up using the wrong indicators in the wrong market conditions. This is an area where humility comes in. Trading in the market is like blind man walking with the help of a stick.
You need to be extremely flexible in changing positions and in trying to develop a feel for the market. This feel is then backed by the various technical indicators in confirming the phase of the market. Undisciplined traders, driven by their ego, often ignore the phase the market is in.
4. Failing to reduce position size when warranted
Traders should be flexible in reducing their position size whenever the market is not giving clear signals. For example, if you take an average position of 3,000 shares in Nifty futures, you should be ready to reduce it to 1,000 shares.
This can happen either when trading counter trend or when the market is not displaying a strong trend. Your exposure to the market should depend on the market's mood at any given point in the market. You should book partial profits as soon as the trade starts earning two to three times the average risk taken.
5. Failing to treat every trade as just another trade
Undisciplined traders often think that a particular situation is sure to give profits and sometimes take risk several times their normal level. This can lead to a heavy drawdown as such situations often do not work out.
Every trade is just another trade and only normal profits should be expected every time. Supernormal profits are a bonus when they -- rarely! -- occur but should not be expected. The risk should not be increased unless your account equity grows enough to service that risk.
6. Over-eagerness in booking profits
Profits in any trading account are often skewed to only a few trades. Traders should not be over-eager to book profits so long the market is acting right. Most traders tend to book profits too early in order to enjoy the winning feeling, thereby letting go substantial trends even when they have got a good entry into the market.
If at all, profit booking should be done in stages, always keeping some position open to take advantage of the rest of the move. Remember trading should consist of small profits, small losses, and big profits. Big losses are what must be avoided. The purpose of trading should be to get a position substantially into money, and then maintain trailing stop losses to protect profits.
Most trading is breakeven trading. Accounts sizes and income from trading are enhanced only when you make eight to ten times your risk. If you can make this happens once a month or even once in two months, you would be fine. The important point here is to not get shaken by the daily noise of the market and to see the market through to its logical target.
Remember, most money is made not by brilliant entries but by sitting on profitable positions long enough. It's boring to do nothing once a position is taken but the maturity of a trader is known not by the number of trades he makes but the amount of time he sits on profitable trades and hence the quantum of profits that he generates.
7. Trading for emotional highs
Trading is an expensive place to get emotional excitement or to be treated as an adventure sport. Traders need to keep a high degree of emotional balance to trade successfully. If you are stressed because of some unrelated events, there is no need to add trading stress to it. Trading should be avoided in periods of high emotional stress.
8. Failing to realise that trading decisions are not about consensus building
Our training since childhood often hampers the behaviour necessary for successful trading. We are always taught that whenever we take a decision, we should consult a number of people, and then do what the majority thinks is right. The truth of this market is that it never does what the majority thinks it will do.
Trading is a loner's job. Traders should not talk to a lot of people during trading hours. They can talk to experienced traders after market hours but more on methodology than on what the other trader thinks about the market.
If a trader has to ask someone else about his trade then he should not be in it. Traders should constantly try to improve their trading skills and by trading skills I mean not only charting skills but also position sizing and money management skills. Successful traders recognise that money cannot be made equally easily all the time in the market. They back off for a while if the market is too volatile or choppy.
Excerpt from: How to Make Money Trading Derivatives by Ashwani Gujral.
Price: Rs 395
Ashwani Gujral trades derivatives for a living and is a featured expert on several business channels. He writes regularly for some leading US specialist magazines and journals on trading and technical analysis.
what do u mean by an income fund ... and also .. wats an index fund ..Quote:
Originally Posted by dev
Income fund is one which emphasizes on regular income ratehr than growth... they pay out in the form of dividends, returns from bonds,preference shares etc on a regular basis... these r mainly attractive for those who need steady cashflow at lower risk....ex:retireesQuote:
Originally Posted by chevy
Index fund is one that tries to make a copy of the index(like nifty, S&P 500 or whatever)... they form a portfolio by purchasing all the stock in tht particular index in the same ratio/percentage as that of the index...these funds are generally know as passive funds or passively managed funds as the portfolio doesn't change freq... the portfolio changes only when the index composition changes & tht too changes r made in the exact same way as the index... no great decision making required... just keep copying the index...:)
oh ok... so beginners without much knowledge of the markets and trading usually get into this right?Quote:
Originally Posted by dev
I am not sure if i understood u correctly. Could you direct me to some link that tells more about this . Are index funds popular in india?
Does a falling U.S. dollar or rising euro interest you? Do you want to protect your dollar-denominated assets or profit from a rise in European currency? If so, traditionally you would have to trade currency futures, open up a forex account, or purchase the currency itself to profit from changes in currencies.
However, with the advent of currency exchange-traded funds (ETFs) you can now benefit from changes in currencies without all the fuss of futures or forex by simply purchasing ETFs in your brokerage account (IRA and 401(k) accounts included).
In this article, we will look at why currencies rise and fall and check out the different types of currency ETFs. (To go more in depth into currency ETF trading, check out Currency ETFs Simplify Forex Trades.)
Why Currencies Move
Foreign exchange rates refer to the price at which one currency can be exchanged for another. The exchange rate will rise or fall as the value of each currency fluctuates against another.
Factors that can affect the value a currency include economic growth, government debt levels, trade levels, and oil and gold prices among other factors. For example, slowing gross domestic product (GDP), rising government debt and a whopping trade deficit can cause a country's currency to drop against other currencies. Rising oil prices could lead to higher currency levels for countries that are net exporters of oil or have significant reserves, such as Canada.
A more detailed example of a trade deficit would be if a country imports much more than it exports. You end up with too many importers dumping their countries' currencies to buy other countries' currencies to pay for all the goods they want to bring in. Then the value of the importers' country currencies drops because the supply exceeds demand. (To learn more basics for currency pricing, check out Wading Into The Currency Market and our The Forex Market tutorial.)
How ETFs Work
For years, many investors have used ETFs instead of mutual funds to track major equity indexes , such as the S&P 500 and the Lehman Brothers three- to seven-year U.S. Treasury Index .
ETFs have a few advantages over mutual funds, including:
* Easy to trade: They can be bought and sold anytime through any broker, just like a stock.
* Tax efficiency: ETFs typically have lower portfolio turnover and strive to minimize capital gains distributions so that investors are only taxed when they initiate a trade.
* Transparency: ETFs disclose on a daily basis the exact holdings of the funds so you always understand precisely what you own and what you are paying for.
* Flexibility: Anything that you can do with a stock, you can do with an ETF. This includes shorting, holding in margin accounts and placing limit orders.
With currency ETFs, you can invest in foreign currencies just like you do in stocks or any other ETF. You can even buy ETFs with your IRA money.
Currency ETFs
Currency ETFs replicate the movements of the currency in the exchange market by either holding currency cash deposits in the currency being tracked or using futures contracts on the underlying currency.
Either way, these methods should give a highly correlated return to the actual movements of the currency over time. These funds typically have low management fees as there is little management involved in the funds but it is always good to keep an eye on the fees before purchasing.
There are several choices of currency ETFs in the marketplace. You can purchase ETFs that track individual currencies such as the Swiss franc, which is tracked by the CurrencyShares Swiss Franc Trust (PSE:FXF). If you think that the Swiss franc is set to rise against the U.S. dollar, you may want to purchase this ETF, while a short sell on the ETF can be placed if you think it is set to fall.
You can also purchase ETFs that track a basket of different currencies. For example, the PowerShares DB U.S. Dollar Bullish (AMEX:UUP) and Bearish (AMEX:UDN) funds track the U.S. dollar up or down respectively, against the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc. If you think the U.S. dollar is going to fall broadly, you can buy the Powershares DB U.S. Dollar Bearish ETF.
There are even more active currency strategies used in currency ETFs, specifically the DB G10 Currency Harvest Fund (AMEX: DBV), which tracks the Deutsche Bank G10 Currency Future Harvest Index. This index takes advantage of yield spreads by purchasing futures contracts in the highest yielding currencies in the G10 and selling futures in the three G10 currencies with the lowest yields.
In general, much like other ETFs, when you sell an ETF, if the foreign currency has appreciated against the dollar, you will earn a profit. On the other hand, if the ETF's currency or underlying index has gone down relative to the dollar, you'll end up with a loss.
Follows Most Major Currencies
Currency ETFs can be an efficient tool that allow you to diversify away from the U.S. dollar and track the price movements for most major markets, including the:
* Australian dollar (or Aussie)
* British pound
* Canadian dollar (or Loonie)
* Euro
* Japanese yen
* Mexican peso
* Swedish krona
* Swiss franc (or Swissie)
So if, for instance, you think the U.S. dollar is weakening against the Japanese yen, you can capitalize on that movement. And if you think the opposite is true, you can sell the ETF short. As currency ETFs grow in popularity you will see more and more different currencies being tracked as well as more exotic strategies being used.
The Risks
Some of the specific currency risks that come with currency ETFs include:
* Political problems
* National debt
* Trade deficits
* Interest rate changes
* Government defaults
* Changing domestic and foreign interest rates
* Central banks or other government agencies selling the currency in large quantities
* Commodity price changes
It is important to recognize these risks and the effect they could have on the price of your currency ETF. If you fail to recognize a new political leader as a threat to your rising currency, you could be out a lot of money in a few short days.
Conclusion
As ETFs have grown in popularity, there has been an equal growth in the variety of options opening up for investors. These investment vehicles allow us to both hedge and speculate against changes in currency prices. However, like all investment there are risks and it is imperative to understand them before jumping in.
by George D. Lambert ( Email | Biography)
George D. Lambert is a freelance financial writer with more than 20 years of experience in the financial services industry. He has worked as a Certified Financial Planner, a Certified Divorce Financial Analyst and an arbitrator for the NASD, NYSE and AAA. George is approved by the Florida Licensing Education Section to instruct life, health and variable annuity courses. To read more about George and his services, visit www.e-financialWriter.com. Also be sure to check out his latest book, "A Boomer's Guide To Long-Term Care".
yeah MF is good for beginners or people who doesnt have time to track the market properly.Quote:
Originally Posted by chevy
check out moneycontrol.com or valueresearchonline.com
:shock: Within 1 hour Relaince IPO has been over subscribed by 4 time . Eventhough they dont have any substantial project in near future :D
Future Capital Holdings Ltd :roll: The price band is pretty high around 765.
Anybody planning to invest in any of these IPO :?
these 2 days are the best days in my stock mkt career.... :lol: It's testing me to the core... :P lost almost all the unbooked profits I made last yr... will have to wait & see how I behave if the fall continues & it starts eating up the capital aswell..:)