Mistakes to avoid while investing in equities or stocks

Read an article that was impressive in its list of mistakes to avoid while investing in equities or stocks. I agree with all of the points but I also think one should take advantage of any short term volatility in the stock markets or the individual company stock price.

Here is the list of mistakes suggested to be avoided

Overconfidence - Don't be unrealistically optimistic

Over enthusiasm to trade - Not every ball should be hit (analogy to cricket)

Missing the benefits of compounding of capital - Learn from Einstein

Worrying about the market - But there is no answer to your favourite question - Suggests to worry about the companies you invest in rather than the market

Timing the market - Around 99% of investors will fail in this strategy

Selling in times of panic - You should be doing the opposite

Focusing on past performance - Its like driving forward while looking backwards

Diversifying too much will kill you - Investing is all about staying alive

Full article @ http://economictimes.indiatimes.com/Markets/News__Views/Analysis/Eight_mistakes_to_avoid_while_investing/articleshow/msid-2900010,curpg-1.cms

RK
Singapore Property Classifieds and Social Network

Gujarat Mineral Development Corporation - GMDC bonus issue

I had bought GMDC shares whey they were at their peak last year. But I have seen the value move down over the months and now its about 40% lower than the buy price. Just when I was looking to dump the stocks I came across the news that GMDC board has declared 1:1 bonus on Jan 30 2008.
I think they have not set the record date yet. But its surprising that the stock price had infact dropped irrespective of this news and strong results. I see that the stock is showing some strength recently and I am sure it goes back to its peak sooner than later.

PS: Indian Markets are heading toward a strong close as I write this.

RK

Singapore Apartment Rentals

Indian Stock Market News, Analysts Picks, Views, Tips and Recommendations - 27 March 2008

First up, the Indian Markets should be opening lower since US had closed marginally lower yesterday. Other markets have also opened lower.

Gujarat NRE Coke:
----------------------
The one stock I am watching recently is Gujarat NRE Coke. I have been seeing it move between ranges for sometime now. So my target was to buy it at 110 or below. It did reach 103 on 24th March after dropping 20% of its value in a day. I waited a day to see how it moves but I was taken by surprise when it jumped 20% on 25th March and by another 12% on 26th March. I dont quite get the reason why it should such exaggerated movements unless somebody is making it move so. Now, its beyond my price range and I guess I will have to wait for a month or two to get into the stock.

Reliance Inds decides to shut down 2/3 of its Petrol Pumps
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The news item that caught my eye today was the decision by Reliance Inds to shut down 2/3rd of its petrol pumps. This drastic decision was taken against the Government's decision not to provide subsidy to private operators. This makes the Government run companies to sell petrol cheaper compared to the private operators. If this is going to happen for real then we got to see how it affects Reliance Inds bottom line but since Reliance claim that they are actually running losses due to the higher prices they charge this infact should improve their bottom line.

We got to wait and watch if Reliance will follow up on its threat for real or its just a threat to get Government do something!

Proud day for an Indian Company
----------------------------------------
Tata's have finally closed out the deal to buy Jaguar and Land Rover. What a proud moment it is for being an Indian!

Analysts Views
--------------------

Abbott Ind, Merck, Wyeth to rally 35% more: LKP
Gbl cues, results key to mkts trading forward: Edelweiss
Not a rosy picture from macro angle: SCMF
Sensex can touch 17k: Experts
Brokerage stocks to see poor Q4 earnings
Positive on PSU banks: Centrum Cap

Brokerage Picks and Recommendations
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Karvy + Tata Chemicals Buy Mar 26, 08 418.00
Prabhudas Lilladher + XL Telecom & Energy Buy Mar 26, 08 400.00
Hem Sec + Chennai Petro. Buy Mar 26, 08 348.00
Prabhudas Lilladher + Nagarjuna Constr Buy Mar 26, 08 297.00
Emaky research + Thomas Cook (I) Buy Mar 26, 08 115.00

RK
Singapore Rentals, Real Estate Classifieds and Social Network

Indian Stock Market News, Analysts Picks, Views, Tips and Recommendations - 25 March 2008

Wall Street ended high last night and the Asian bourses are following it as usual. So we can expect a better day on NSE and BSE.

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Daily round-up of the Indian Stock Market News, Analysts Picks, Views, Tips and Recommendations:
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Wall St rallies on revamped Bear offer, home sales
http://economictimes.indiatimes.com/Market_News/Wall_St_rallies_on_revamped_Bear_offer/articleshow/2896735.cms

US stocks jumped on Monday after a raised buyout offer for Bear Stearns Cos Inc suggested that financial stocks may have reached bottom, especially in light of fresh data that fueled hopes for a turnaround in housing. Stocks rang up big gains for a second straight session after JPMorgan Chase & Co lifted its offer for Bear Stearns to $10 a share from $2, helping alleviate concerns that other investment banking shares could tumble.

Sensex ends up 294pts; HDFC surges 8%
http://www.business-standard.com/common/storypage_c_online.php?leftnm=10&bKeyFlag=IN&autono=34872

The Sensex opened with a positive gap of 99 points at 15,094. The index touched a high of 15,349, and a low of 15,056. Fresh buying towards the close helped the index end on a firm note at 15,289 - up 294 points.

The BSE Mid-cap index shed 2.7% (158 points) at 5,806, and the Small-cap index dropped 3.8% (272 points) to 6,950. The BSE Bankex rallied 3.3% (249 points) to 7,744. The NSE Nifty gained 36 points to finish at 4,610. The market breadth was extremely negative - out of 2,717 stocks traded, 2,149 declined, 535 advanced and 33 were unchanged today.

IIP nos key to mkts trading forward: Religare Sec
http://moneycontrol.com/india/news/market-outlook/iip-nos-key-to-mkts-trading-forward-religare-sec/07/40/331258

Global cues to drive mkts in near-term: Pranav Sec
http://moneycontrol.com/india/news/market-outlook/global-cues-to-drive-mktsnear-term-pranav-sec/07/40/331248

Mkts look weak and lack confidence: Rada Advisors
http://moneycontrol.com/india/news/market-outlook/mkts-look-weaklack-confidence-rada-advisors/07/40/331241

Mkts could see more pain: Dawnay Day AV Fin Srvcs
http://moneycontrol.com/india/news/market-outlook/mkts-could-see-more-pain-dawnay-day-av-fin-srvcs/07/40/331196

Realty collapses; Ansal Infra, Parsvnath worst hit
http://moneycontrol.com/india/news/market-edge/realty-collapses-ansal-infra-parsvnath-worst-hit/07/40/331214

Recently listed realty IPOs slip below issue price
http://moneycontrol.com/india/news/ipo-new-listings/recently-listed-realty-ipos-slip-below-issue-price/07/40/331220

Promoters see buyback opportunity in troubled times
http://economictimes.indiatimes.com/Promoters_see_buyback_opportunity/articleshow/2896758.cms

Gujarat Fluorochemicals on Monday said it will buy back up to 10%

Great Offshore and Prithvi Information have called board meetings to consider buyback proposals

Goldiam International, Patni Computers and Madras Cements have already announced their buyback plans

The Reliance Energy board approved a buyback plan involving Rs 800 crore (in the first phase) early this month

Margin financing fall may hit broking cos’ Q4 show
http://economictimes.indiatimes.com/Margin_financing_fall_may_hit_broking_cos_Q4_show/articleshow/2896767.cms

Broking fees of most firms have already plummeted in tandem with the shrinking turnover on the bourses in the past couple of months. With income from margin financing too drying up, the fourth quarter may take the shine off what otherwise has been a stellar year for most stock broking firms.

Gold, silver skid as Street sparkles

Gold’s downward journey extended for another day as stockists continued to offload stocks in the absence of any triggers. On Monday, the price of yellow metal fell briefly below Rs 12k-level in Mumbai before closing at Rs 12,005 per 10 gm. The metal had touched a historic high on March 17 when the prices reached at Rs 13,495 per 10 gm.

FIIs net buy Rs 376cr, DIIs net sell Rs 253cr

Foreign institutional investors (FIIs) were net buyers of Rs 376.13 crore (provisional) today, according to data released by BSE. While FIIs made gross purchases of Rs 2,884.39 crore, gross sales totalled Rs 2,508.26 crore.

RK
Singapore Rentals, Real Estate, Social Network

Indian Stock Market News, Views, Tips and Recommendations - 24 March 2008

Regular daily round up of the Indian Stock Market News, Analysts Views, Tips and Recommendations:-

Stocks to pick: ABB, Neyveli Lignite, Unitech, Opto Circuits, Ceat
http://economictimes.indiatimes.com/articleshow/2892778.cms

ABB
Research: Merrill Lynch
Rating: Buy
CMP: Rs 1,103

Neyveli Lignite
Research: Indiabulls Financials
Rating: Hold
CMP: Rs 110

Unitech
Research: CLSA
Rating: Outperform
CMP: Rs 267

Opto Circuits India
Research: Networth Stock Broking
Rating: Buy
CMP: Rs 326

Ceat
Research: Edelweiss
Rating: Buy
CMP: Rs 97

Stock Picks
http://www.business-standard.com/common/storypage_c_online.php?leftnm=10&bKeyFlag=IN&autono=34849

Airtel
Current price: Rs 777.75
Target price: Rs 800

Cipla
Current price: Rs 206
Target price: Rs 225

Praj Industries
Current price: Rs 111
Target price: Rs 101

Reliance Petroleum
Current price: Rs 151
Target price: Rs 140

Tata Motors
Current price: Rs 650.50
Target price: Rs 675

Don't drive away blue-chips stocks
The stock market has shed an unthinkable one-third of its value from its peak in January. At such a time, retail investors need expert advice more than ever before.

However, experts always try to bring the real economy into the picture, as they believe the market will catch up with the former sooner or later. However, there’s another school of thought that believes the stock market has a mind of its own and doesn’t follow the trend in the real economy. By real economy, we mean corporate earnings.

This confounds retail investors who can’t figure out whom to follow. However, we at ETIG believe that long-term investment in equities is not a catch-22 situation. It can be as simple as sticking to bluechip stocks, i.e. companies which are market leaders and have a long track record of consistent revenue and profit growth.
Go to http://economictimes.indiatimes.com/articleshow/2892800.cms to read the whole article

Indicators pointing towards market stability

The stock market appears to have neared its bottom and further downside looks limited. Though the situation remains volatile, most of the current indicators are pointing towards stability. The long-term outlook appears clouded, but with a positive undertone. India Inc’s Q4 results will give a clear picture as to what lies ahead...

Go to http://economictimes.indiatimes.com/articleshow/2892802.cms to read the whole article

Brokers to give daily margin info to clients

Stock broking firms will have to notify clients about their (the client’s) daily margin positions from April 1, according to a Securities and Exchange Board of India (Sebi) directive. The move follows a spate of complaints from investors that brokers have been liquidating their positions citing insufficient margins, even though their margin accounts had enough funds

Brokers wil need to disclose this daily

Client code and name, trade day (T)
Total margin deposit up to day T-1 (including break-up in cash, fixed deposit, bank guarantee and securities)
Margin utilised up to the end of day T-1
Margin deposit on day T (including the break-up information)
Margin adjustments for day T
Margin status (balance with the member/due from the client) at the end of day.

More at http://economictimes.indiatimes.com/Brokers_to_give_daily_margin_info_to_clients/articleshow/2892889.cms

Year-end blues: Banks rush to sell bad loans
http://economictimes.indiatimes.com/News_by_Industry/Year-end_blues_Banks_rush_to_sell_bad_loans/articleshow/2892708.cms

With the fiscal year coming to an end, several banks are looking to sell their bad loan portfolio to strengthen their balance sheets. Market sources said while some banks are entering into one-to-one deals, others are considering an auction of stressed assets. Banks planning an auction include State Bank of India (SBI), Allahabad Bank (AllBank) and UCO Bank.

While SBI and AllBank are keen to sell Rs 200 crore of stressed assets, UCO Bank wants to dispose loans with face value of Rs 260 crore. All three auctions are set to take place before the end of this year. Kolkata-based Industrial Investment Bank of India (IIBI), on the other hand, plans to sell off its assets, both performing (Rs 870 crore) and non-performing (Rs 200 crore), in April.

Rising risk aversion to keep markets on edge
http://economictimes.indiatimes.com/Market_News/Risk_aversion_to_keep_mkt_on_edge/articleshow/2892704.cms

The better-than-estimated quarterly earnings of some top US investment banks last week may have slightly eased fears and given a fillip to the US markets on Friday. Yet investor sentiment remains nervous. Analysts maintain that overseas investors are likely to book profits on every rebound here on, due to rise in ‘risk-aversion’ to shares of emerging markets, including India.

Traders are unlikely to take lightly the news of Monsoon Capital, a $1.2-billion hedge fund, faring badly, as a result of the meltdown in Indian equities in the past couple of months. While Monsoon’s exposure to Indian equities may not be as significant as compared to other major funds, there are concerns that the news may trigger more redemptions from hedge funds with higher exposure to India. One of Monsoon’s funds has dropped roughly 45% since January

Nifty may see more volatile trading sessions
http://economictimes.indiatimes.com/Market_News/Nifty_may_see_more_volatile_trading/articleshow/2892743.cms

The Nifty is making higher bottom and lower top formation so far. Any breach of its previous low at 4,448 will extend the cyclical bear market further. Any breach of 4,002 will change the cyclical bear market into structural bear market. Since March 3, the Nifty is facing strong resistance with 5- & 10-day simple moving averages (SMA). Any decisive closing above these levels will be the first indication of a short-term uptrend.


Week Ahead: Waiting for global triggers
http://www.business-standard.com/common/storypage_c_online.php?leftnm=10&bKeyFlag=IN&autono=34849

Outlook: By breaking support at 4,600, the market signalled that it could drop quite a bit more. The 4,500 support held and upside resistance was visible at 4,750. Next week will see a lot of daily volatility and the index may swing between 4,500-4,800. Breakouts will depend on global triggers.

Rationale: As this is being written on March 20, there are two extra sessions in the US where the impact of the latest Fed cut may cause a revival. Plus the local futures and options (F&O) settlement will guarantee daily volatility – expect at least one Nifty 200-point session.

Counter-view: The derivatives position suggests that there will be a modicum of short-covering and also a sharp increase in volumes as traders try to pack in carryover within three sessions.

Bulls & bears: Every sector has lost ground in the past week and in some senses, every sector is oversold. Financial stocks, metals and real-estate counters were among the biggest losers while pharmaceuticals, select FMCGs and some information technology (IT) stocks held more defensive ground.

Sensex at 19K by year-end: Brokers

http://www.business-standard.com/common/storypage_c_online.php?leftnm=10&bKeyFlag=IN&autono=34850 A majority of brokerages expect the bellwether Sensex to hover at 19,000 by the end of this calendar year, according to a poll conducted by Business Standard among top local brokerage houses.

The figure is significantly lower than last December when most brokerages had expected a 15 to 20 per cent return from 20,000 levels at the end of 2007. The Sensex has dropped over 25 per cent from its January peak of 20,800.

Of a sample of 20 brokerages, 60 per cent feel some pain is left in real estate and half feel capital goods may underperform over the next couple of quarters.

Tech View: Relief rally in the offing
http://www.business-standard.com/common/storypage_c_online.php?leftnm=10&bKeyFlag=IN&autono=34838

The Nifty almost revisited its January lows of 4,450 before bouncing back a wee bit. The index slumped to a low of 4,469, recovered to a high of 4,718 and eventually ended with a loss of 172 points at 4,574.

The index broke its yearly S3 (support 3) level of 4,500 on an intra-day basis twice in the week, but somehow managed to close above it. Going by the current trend, the chances of the index testing lower levels of 4,100 and 3,500 remain high.

The charts are indicating an oversold zone. Hence, a significant pullback cannot be ruled out. However, the rally would just be a relief rally and the markets may drop again.

The significant indicator is the Stochastic Slow, which is in a highly oversold zone. The per cent D value is 9 and the per cent K is at 7.4. There will be a buy confirmation once the per cent K crosses the per cent D level.

RK

Ratios that one can use to pick good stocks

Here is a list of 8 ratios that can help one in picking up good stocks.
source: Rediff

1. Ploughback and reserves
2. Book value per share
3. Earnings per share (EPS)
4. Price earnings ratio (P/E)
5. Dividend and yield
6. Return on Capital Employed (ROCE)
7. Return on Net Worth (RONW)
8. PEG ratio

Click here to read the complete article

RK
Singapore Rentals and Real Estate Social Network

Indian Stock Picks

Some stock picks from Sify

• BHEL: Buy

• Orchid Chemicals & Pharma: Buy

• Colgate Palmolive India: Buy

• Tulip IT Services: Buy

• Welspun Gujarat Stahl Rohren: Buy

Alternative investment choices - Gold and Art

With the Indian Stocks and the Global markets getting hammered down I more reports about alternatives to equities and bonds. More prominent among them are the investments in Gold and Art. Gold is in fact hogging the limelight for the past few weeks due to its sky rocketing price. I don't have much idea about Art and I am not interested in it at this point and I also think investing in Art will need more skill and knowledge than investing in Gold.

Gold interested me because of the fact that its prices are inversely proportional to that of equities. This provides a very good balance in the portfolio (GOSH!! I am beginning to talk like an expert, For a moment I forgot that I am just a novice). Having said that I will not enter into Gold at this moment, the prices are way too high. I might miss out on opportunities to make some money here but I want to protect the downside. Gold was below 300$ in 1999 and now its over 1000$ and surely these prices will come down at some point. I will wait for that time. I hope it doesn't take too long.

Wine is another investment one can look at. Again you need skill and knowledge to buy the right ones.

For the moment though I am sticking to equities. I am not buying at this moment. Its more of a wait and watch.

RK

Analysts Picks:- Indian Stock Markets

Some of the Analysts picks that appeared on EconomicTimes. Please always do your own research before investing. I think even if the analysts are right the investor needs to decide if he has the right frame of mind to handle the current market fluctuations.

Indiabulls
Hindustan Unilever
CMP: Rs 226.20
Target Price: Rs 255

Macquarie
Idea Cellular
CMP: Rs 96.55
Target Price: Rs 140

Prabhudas Lilladher
Jaiprakash Asso
CMP: Rs 236.25
Target Price: Rs 325

Edelweiss
Orbit Corporation
CMP: Rs 490.45
Target Price: NA

Anand Rathi
V Guard Industries
CMP: Rs 69.05
Target Price: RS 116

RK
http://yourmitra.wordpress.com

Poor sentiment in the Indian Stock Market affects New Fund Offers

The following is a report on Economic Times that sheds light on how some of the NFOs that were introduced recently have performed.

Indian investors seem to have turned their backs on the recent new fund offerings from Mirae, HSBC and Morgan Stanley Mutual Funds, in the wake of the market meltdown. So, the spotlight is on the fate of the dozen odd new fund houses, whose NFOs are slated to hit the market in the coming months.

There is speculation that the current market volatility may force most of the new entrants to rethink their India strategy. They may also resort to some innovative products to woo investors.

For full details click here

RK
http://yourmitra.wordpress.com

Indian Stock Market - Broker Tips and calls

Broking house	Company	Action	Date	Price (Rs)
Emkay	+ ICICI Bank	Buy	Mar 13, 08	1,600.00
Citigroup	+ Sun Pharma.	Buy	Mar 13, 08	1,350.00
HEM Securities	+ Tata Steel	Buy	Mar 13, 08	1,049.00
Sharekhan	+ Esab India	Buy	Mar 13, 08	575.00
Prabhudas Lilladher	+ Punj Lloyd	Buy	Mar 13, 08	467.00
HEM Securities	+ Tata Chemicals	Buy	Mar 13, 08	456.00
Angel Broking	+ Bank of India	Buy	Mar 13, 08	425.00
Angel Broking	+ Exide Inds.	Buy	Mar 13, 08	80.00
Sharekhan	+ Marico Ltd.	Buy	Mar 13, 08	70.00
ICICI Securities	+ HCL Technologies	Buy	Mar 13, 08	-
Emaky research	+ L & T	Accumulate	Mar 12, 08	4,381.00
India Infoline	+ Reliance Inds.	Buy	Mar 12, 08	3,198.00
HEM Securities	+ Blue Dart Expres	Buy	Mar 12, 08	872.00
Citigroup	+ Apollo Hospitals	Buy	Mar 12, 08	610.00
Religare	+ Bihar Tubes Ltd.	Buy	Mar 12, 08	242.00
Prabhudas Lilladher	+ IDFC	Buy	Mar 12, 08	236.00
Prabhudas Lilladher	+ Areva T&D India	Outperformer	Mar 10, 08	2,294.00
India Infoline	+ Nestle India	Buy	Mar 10, 08	1,793.00
Prabhudas Lilladher	+ ICICI Bank	Buy	Mar 10, 08	1,590.00

soure:rediff

RK

12 March 2008 : Indian Stock Markets to see an excellent day today

Expect Indian markets to do very well today on account on global cues. All Asian stock exchanges are trading in the positive and by huge margins. Its good news for all of us. Its all due to the US markets doing pretty well last week. Lets see some of the US market headlines that could be the trigger for the positive sentiment

US dollar comes off lows on Fed action
Channel NewsAsia
NEW YORK : The US dollar hit an all-time low against the euro on Tuesday but later drew support from joint action by the US Federal Reserve and other central banks to restore credit flows in the global financial system.

Oil eases from record high as Fed move boosts dollar
Reuters
LONDON (Reuters) - Oil slipped below record highs of nearly $110 a barrel on Tuesday as the U.S. dollar rallied after the Federal Reserve and other central banks injected liquidity into strained financial markets.

Dollar soars as Fed announces liquidity measures
Reuters:
NEW YORK (Reuters) - The dollar rose sharply on Tuesday after the Federal Reserve announced new measures to inject liquidity into the financial system, easing concern about a deepening credit crisis and a U.S. recession.


Fed again takes steps to boost market liquidity
Reuters
WASHINGTON (Reuters) - The U.S. Federal Reserve said on Tuesday that with pressure mounting again in financial markets, it was expanding a securities lending program and will accept a broader range of securities as collateral.

RK
http://yourmitra.wordpress.com

12 March 2008 : Indian Stock Market and Business News roundup

MoneyControl
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Relief rally may continue for few more days: Religare Sec
Nifty may re-test Jan lows of 4448: CLSA Tech
Rally to be more broad-based this time: HSBC AMC
Next 3-6 months to be painful: Rada Adv
Brokerage biz to see earnings revision
Investors seem cautious on mkts: Karvy

Sify
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'No terror outfits in stock market'
Market regulator SEBI has ruled out participation of terror outfits in the Indian stock markets, Parliament was informed on Tuesday.

India looking at more relief sops for exporters
The government is looking at more steps to help exporters hit by a rise in rupee value, the trade minister said on Tuesday as he admitted the annual export target of $160 billion could not be met this year.

Rupee gains as local equities erase losses

The Financial Express
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Steelmakers may keep capacity idle
Indian steelmakers facing higher input prices may be forced to keep some capacity idle as their working capital is being squeezed, according to Bipin Kumar Vohra, chairman and managing director of SPS Steels group.

Tata Motors to raise $1 bn in long-term funds
Tata Motors is revving up for the last lap in its bid to buy Ford Motor Co's luxury brands, Land Rover and Jaguar, which could cost it around $2.7-3 billion. On Tuesday, the company said it plans to raise additional long-term funds of up to Rs 4,000 crore, equivalent to $1 billion.

Yellow metal price may remain high: World Gold Council
Gold prices will remain high in the short term globally mainly due to continued demand from India and China, the weakening dollar and falling global mining supplies, according to James Burton, chief executive officer, World Gold Council.

Rupee rises a second day; bonds advance
The rupee rose for a second day as a rebound in the nation's stocks spurred speculation overseas investors will return to buy equities. The currency extended gains as the benchmark stock index gained 1.3%, the most since February 25, ending two days of losses.

Indian crude oil basket touches $100 a barrel
The price of Indian basket of crude oil touched a record high of $100.17 a barrel during the Monday trade in the oil market. This has resulted in putting further pressure on fuel retailers, which are loosing Rs 360 crore per day on auto and cooking fuel sale.

Finmin finds no foul play in Reliance IPO trading
Stock prices of Reliance group companies rose by up to 37% in about a month before the opening of Reliance Power IPO, but subsequent examination of trading of these shares on exchanges did not reveal any foul play, the government said on Tuesday.

SBI, SBS merger may be postponed till elections
The State Bank of India and State Bank of Saurashtra merger is unlikely to take off at least till the general elections to be held in 2009. The reason is that the State Bank of Saurashtra Act needs to be repealed to carry on with the merger of SBS with the parent bank.

Business Standard
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Worse is yet to come in forex derivative losses
The $50 million hit L&T took due to hedging losses in a subsidiary may just be the tip of the iceberg. Losses by Indian companies as a result of their exposure to the foreign exchange derivatives market may hog the headlines for next few quarters since many of the currency swaps are likely to mature after March, said foreign exchange experts.

LIC Housing to roll out Rs 350 cr fund
In order to cash in on the real estate boom, Life Insurance Corporation Housing Finance (LICHF) is set to launch a new venture capital fund for realty projects. The size of the fund, which is awaiting regulator approval, is likely to be Rs 300-350 crore, Director and Chief Executive S K Mitter said.


RK
http://yourmitra.wordpress.com

10 Mar 2008 : Indian Stock Market - Analysts Tips and Calls

Sify:-

Gammon Infrastructure Projects: Avoid
Sita Shree Food Products: Avoid
India Cements: Hold
CMC:Buy
JK Tyres: Buy

MoneyControl:-

Valuations attractive below 16k level: Lehman Bros
India story still intact: Reliance Mutual Fund
Wait & watch for mkts to stabilise, feel experts

10 Mar 2008 : Indian Stock Market Weekend News Roundup

Sify
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Chambers seek 5 yrs for listed cos to hike public stake
Industry chambers FICCI and Assocham have asked the government to allow listed companies to raise public holding from 10 per cent to 25 per cent in a phased manner over a period of five years, instead of doing it in one go as specified by the Finance Ministry

SBI to expand gold coin sale business
An unabated fascination for gold among the domestic consumers and its safe-haven investment character has inspired the State Bank of India to ratchet up its gold business and bring out coins weighing 2-50 grams to be sold through its select branches.

The Economic Times
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Govt puts PSU sell-off back on fast track
The government will soon seek Cabinet approval for a proposal to list some of the profit-making state-owned companies

Mukesh wants top brass to get cracking on Rel Retail
At a series of review meetings, Mukesh Ambani is believed to have expressed concerns over Reliance Retail’s current pace of growth.

RCom to issue 1.75 crore shares under ESOP
RCom has said it would issue 1.75 crore shares under Employees Stock Options to 20,000 staff members of the company and its subsidiaries.

Business Standard
---------------------------------------------------------------------------
Investors lose 24% value as 13 out of 18 IPOs flop Investors lose 24% value as 13 out of 18 IPOs flop
India Inc opposes 25% minimum public shareholding norm India Inc opposes 25% minimum public shareholding norm
Traders edgy over advance tax, Re may dip Traders edgy over advance tax, Re may dip

RK
Real Estate Social Network

11 things not to do with your money

"11 things not to do with your money" is a piece that I came across Rediff just a while ago. It is a practical list of not to do things. I am listing the points here.

1. Don't go on depositing your salary in your savings account
2. Don't manage money without a good plan
3. Don't invest all your money in the same plan
4. Don't set high savings targets
5. Don't lose your focus on savings
6. Don't splurge more just because you got a hike
7. Don't shop for unnecessary items
8. Don't go for too many loans at the same time
9. Don't join any scheme without verifying the credentials
10. Don't invest your money in risky plans
11. Don't forget the dates, plans


Click here to read the original piece

RK
Real Estate Social Network and Rental Classifieds

07 Mar 2008 : Today is not going to be good for the india stock market

Its all bad news out of US and the US markets. Today is going to be another bad day for the markets. Yesterday, if the markets had opened, would have seen one of those rare better days but I don't have much hope for today.

RK
http://yourmitra.wordpress.com

07 Mar 2008 : Indian Stock Market News Round up

Sify
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RBI: Budget in line with growth, price goals
Central bank sees the government's 2008/09 budget as being in line with growth and price stability objectives, it said on Thursday, adding it will help to implement a farm debt relief scheme.

Government may ease foreign debt rule in future
India will ease restrictions on overseas borrowing by companies, introduced last year to slow capital inflows, as soon as local and global conditions allow, a senior finance ministry official said on Thursday

Investors must be encouraged to stay for longer term: FM
Defending his budget proposal to increase short term capital gains tax rate, Finance Minister P Chidambaram today said it would encourage the investors to hold on to their investments for a longer period in the markets, which are currently volatile.

Chidambaram asks brokerages to embrace corporate culture
Finance Minister P. Chidambaram has asked stock brokerages to introduce corporate culture in their working and suggested creating a separate exchange to list small and medium enterprises.

Chidambaram bats for cheaper housing loans
Finance Minister P. Chidambaram Thursday made another pitch for commercial banks to cut interest rates for their consumers, especially on housing loans up to Rs 0.2 crore that accounted for 80 per cent of exposures

The Economic Times
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India Inc on debt row, credit rating takes a hit
With Indian cos borrowing heavily to acquire businesses several times their own size, corporate India has seen a fall in its credit worthiness.

Volatile mkt: Now, brokers bat for commodity futures
Brokers feel that commodity futures may be a safer bet than the equity F&Os at this moment, even as experts have their reservations

International News
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Heavy losses on Wall Street on credit jitters
NEW YORK - Wall Street stocks wallowed in losses Thursday as growing worries about the financial and housing sectors kept traders in a grim mood.

US home foreclosures at new high
WASHINGTON : US home foreclosures rose to new highs in the fourth quarter of 2007 as loan delinquencies jumped to a 22-year high, the Mortgage Bankers Association reported Thursday

Gold price strikes record high near 1,000 dollars
LONDON : The price of gold hit a new record on Thursday close to the symbolic 1,000 dollars per ounce level as the precious metal was boosted again by the weak dollar, traders said

Oil price hit record high near US$106 amid New York explosion
LONDON : Oil prices soared to a record high close to US$106 a barrel on Thursday as traders were spooked by a small explosion in New York, a surprise fall in US crude stockpiles and the weak US currency.

U.S. department stores report weaker February sales
ATLANTA (Reuters) - Major department store chains reported lower February same-store sales on Thursday as consumers spent less on home goods and women's apparel in the weaker U.S. economy.

Household wealth dips for first time since 2002
WASHINGTON (Reuters) - The net wealth of U.S. households fell for the first time in five years during the fourth quarter last year as the value of real estate holdings and stocks weakened, the Federal Reserve said on Thursday

U.S. jobless claims tumble 24,000 last week
WASHINGTON (Reuters) - New applications for U.S. jobless benefits tumbled by 24,000 last week to a much lower-than-expected 351,000, but the number remaining on jobless aid stood at the highest level in nearly two and a half years, a Labor Department report on Thursday showed.

RK
http://yourmitra.wordpress.com

06 March 08 : Good day ahead for the indian markets

Its green everywhere - US and Asia, so expect a good day for the indian markets as well.

RK
Rental Classifieds and Real Estate Social Network

06 March 2008 : Broker Tips

Broking house	Company	Action	Date	Price (Rs)
HEM Securities	+ Sesa Goa	Buy	Mar 05, 08	4,365.00
Indiabulls	+ Bharat Heavy Ele	Buy	Mar 05, 08	2,850.00
Prabhudas Lilladher	+ ICICI Bank	Buy	Mar 05, 08	1,590.00
Edelweiss Capital	+ Ashok Leyland	Buy	Mar 05, 08	-
Sharekhan	+ Unity Infraprojects	Buy	Mar 03, 08	970.00
Emkay Share	+ Plethico Pharmaceuti	Buy	Mar 03, 08	569.00
IL&FS Investsmart	+ Blue Star	Buy	Mar 03, 08	478.00
Motilal Oswal	+ Suzlon Energy Ltd.	Downgrade	Mar 03, 08	309.00
Prabhudas Lilladhar	+ Elecon Engg.	Market Performer	Mar 03, 08	269.00
Ashit C Mehta	+ Tata Consultancy	Buy	Mar 01, 08	1,053.00
Prabhudas Lilladher	+ GlaxoSmithKline Phar	Market performer	Feb 29, 08	1,136.00
Prabhudas Lilladher	+ ITC Ltd.	Outperformer	Feb 29, 08	226.00
Angel Research	+ Bombay Dyeing	Buy	Feb 28, 08	1,147.00
CLSA	+ GlaxoSmithKline Phar	Outperformer	Feb 28, 08	1,100.00
Sharekhan	+ Unity Infraprojects	Buy	Feb 28, 08	970.00
CLSA	+ Bharat Petroleum	Outperformer	Feb 28, 08	505.00
Karvy Stock Broking	+ Wockhardt Ltd.	Buy	Feb 28, 08	455.00
Indiabulls	+ National Alumini	Sell	Feb 28, 08	292.00
Macquarie Research	+ GMR Infrastructure L	Outperformer	Feb 28, 08	205.00
CLSA	+ Dabur India	Buy	Feb 28, 08	150.00
Prabhudas Lilladher	+ M&M Fin.Services	Market performer	Feb 28, 08	-
Edelweiss Research	+ Jindal Saw	Buy	Feb 28, 08	-
Edelweiss	+ Jindal Saw	Buy	Feb 28, 08	-
Edelweiss Research	+ Mahi. & Mahi	Buy	Feb 28, 08	-
Sharekhan	+ Unity Infraprojects	Buy	Feb 27, 08	970.00

Source: Rediff

RK

06 March 2008 : Indian Stock Market News, Analysts Views and Tips

MoneyControl
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• Mkts need local news for direction: PN Vijay
• Mkts could see further correction: Experts
• Mkts seen volatile till subprime woes settle: Sundaram MF
• It's time to buy big PSU banks: Experts

Rediff
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SEBI will rationalise the intermediary fees that it charges, says CB Bhave, the new SEBI Cheif, reports CNBC-TV18. The fees will be reduced by 50-80%, and this reduction will come into effect from April 1, 2008, he adds.

If ITC can move above Rs 170-175, on a closing basis, then it can move up to Rs 225 and maybe even 240 in the next 2-3 quarters, says Vijay Bhambwani, technical analyst, on CNBC-TV18

Indiabulls has put a 'buy' rating on BHEL, with a target price of Rs 2,850, reports NDTV Profit.

Ashok Leyland is a 'buy' at current levels, says Ashutosh Goel of Edelweiss Capital, onn CNBC-TV18.

Morgan Stanley has cut its target price for SBI to Rs 1,910 from Rs 2,550, reports CNBC Awaaz.

IT heavyweights have limited downside, about 5-6%, says Vijay Bhambwani, technical analyst, on CNBC Awaaz.

The Economic Times
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Indian stock market returns second-best
A study by Dun & Bradstreet India indicates the domestic stock market has produced the second-best returns over a 10-year timeframe.

SEBI to cut time lag in listing of shares
SEBI will reduce gap between opening of an issue and listing of securities on bourse and make registration norms for FIIs more flexible.

International News
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US dollar stumbles to another record low against euro
NEW YORK : The US dollar slumped to fresh lows against the euro on Wednesday as traders digested a glum assessment on the US economy in the Federal Reserve Beige Book and braced for a potentially weak report on Friday

US stocks end higher as market shakes off Fed survey
NEW YORK : Wall Street stocks closed higher on Wednesday as the market shook off a Federal Reserve survey stating that the US economy was sputtering on several fronts amid a long-running housing market slump

NY oil closes above US$104 for first time
NEW YORK : Crude oil prices closed above 104 dollars a barrel for the first time on Wednesday in the face of sliding US crude stockpiles, a plunging dollar and after OPEC decided to maintain output levels.

Japan stocks up as U.S. fears ease, yen stabilises (at Reuters)

Fed report says U.S. growth slowed in early 2008
WASHINGTON (Reuters) - Federal Reserve districts all saw decelerating economic growth in early 2008, even as prices pressed upward almost everywhere, the central bank's "Beige Book" report on economic conditions said on Wednesday

Service sector slump wears on; Fed sounds grim
NEW YORK (Reuters) - The slumping U.S. service sector and a weakening job market dealt further blows on Wednesday to an economy teetering on the brink of recession, while bad news continued unabated on the inflation front

U.S. private sector jobs drop unexpectedly in Feb
NEW YORK (Reuters) - U.S. private employment fell unexpectedly for the first time in nearly five years in February, according to a private report on Wednesday that dealt another blow to an economy teetering on the brink of recession

U.S. productivity revised up but labor costs mount
WASHINGTON (Reuters) - U.S. productivity grew at a slightly faster-than-expected revised pace in the fourth quarter, government data showed on Wednesday, but an increase in hourly compensation pushed unit labor costs higher

RK
Rental Classifieds and Real Estate Social Network

05 Mar 2008 : Indian Markets will open lower but there wont be a bloodshed

Since we all know by now that Indian Markets are just following global markets it is a no-brainer to guess which way the markets are going to go. Asian Markets are down a little, US markets also closed either flat or in the negative so the Indian markets will open lower. How it ends? I don't know. I am not an expert but I really don't care too much about it. No point in breaking my head wondering how each stock will move. I am taking it day by day and I am willing to hold on for an year if the markets go down too badly.

I have little spare amount to invest but i am holding onto it and avoiding the temptation at every fall. Reason being I don't know at the moment how many more such falls are going to come. I am more looking at cutting down on my losses.

RK

05 Mar 2008 : Indian Stock Market News and Analysts Tips

MoneyControl
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• Gbl weakness accentuated Budget negatives: Kotak Sec
• Mkts to be choppy for 3-6 months: Lehman
• '08 to be down year for mkts: Morgan Stanley
• Mkts still seeing excessive valuations: Damani
• Farm loan waiver +ve in short-term: MF Global
• Mkts to consolidate for a month: Kotak Mah

Sify
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Eicher cuts truck prices after budget duty drop
Truckmaker Eicher Motors Ltd said on Monday it will cut commercial vehicle prices by between Rs 5,000 and Rs 19,000 each, following a government plan to cut taxes on cars, trucks and motorbikes

TRAI to review FI limits for broadcasting sector
In view of convergence of broadcasting and communication technologies, Telecom Regulatory Authority of India (TRAI) today proposed to review Foreign Investment (FI) limits in the electronic media to provide level playing field among competing technologies

Exports grow 20.47% in Jan
Exports showed a healthy growth of 20.47 per cent in January this fiscal over the same month last year, but expanded by a single digit figure of 7.66 per cent in rupee terms due to pricey domestic currency

Narayana Murthy to join HSBC board
Global banking giant HSBC on Monday said Indian IT major Infosys' Chief Mentor N R Narayana Murthy will join its board in May with an annual renumeration of 65,000 pounds (about Rs 52 lakh)

The Financial Express
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Bihar okays $10-bn investments
The Bihar government has approved investment proposals worth over Rs 40,000 crore, many by big corporate entities, but there are still hurdles in the way like poor infrastructure and land acquisition, the state's latest economic survey said

FM: were not as decoupled as we think
Finance minister P Chidambaram appeared unruffled by the downslide in the domestic stock markets, attributing it to a slowdown in US markets. The benchmark Sensex slid 5.1% on Monday, tracking other weak Asian markets.

World economy slips further, prices gear up
The world economy geared down another notch in February but the inflation threat intensified, data showed on Monday, posing the biggest challenge for central bankers in a generation

Investors lose Rs 2.7 lakh cr since Budget; FIIs sell heavily
Over Rs 2.70 lakh crore has been wiped out in market capitalisation since the Budget was presented on February 29, when the Sensex touched 17,578.72. The M-cap of the Bombay Stock Exchange, which touched Rs 58,85,951 crore on February 29, 2008 is now down to Rs 56,15,813 crore on March 3,

Leather sector faces huge lay-offs, seeks fiscal support
Continuous fall in export earnings owing to the widening gap in the rupee-dollar parity is forcing the leather industry substantial production cuts that might lead to lay-off of more than one lakh employees

HSBC absorbs $17-bn subprime hit
HSBC's profits rose 10% last year, just below analysts' forecasts, as strong gains in Asia helped Europe's biggest bank absorb a $17.2 billion hit for bad debts largely due to US housing problems.

Nano fears hit two-wheeler manufacturers
The Nano fear seems to have begun to creep into the minds of two-wheeler manufacturers. In a post-Budget meeting with the finance minister on Monday, the biggies of two-wheeler industry, Hero Honda and Bajaj Auto, requested for a further reduction in excise duty on two-wheelers from 12% as announced

The Economic Times
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RBI may allow trusts to invest abroad
This would open the gates for Indian educational institutions like IITs and IIMs besides religious bodies and charities to invest in or acquire overseas assets.

International News
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Stocks flat as Alcoa, Exxon rise; Nasdaq falls
NEW YORK (Reuters) - The Dow and the S&P 500 ended little changed on Monday as soaring commodity prices

February auto sales tumble, Detroit hit hardest
DETROIT (Reuters) - U.S. auto sales tumbled in February in the face of a slumping economy and high gas prices with double-digit declines by all three struggling Detroit-based automakers.

RK
Rental Classifieds and Real Estate Social Network

03 Mar 2008 : Indian Stocks to see a mayhem today!!

I see that Indian stocks will take a huge hit today. It is going to follow the Asian markets who have taken a battering already.

God!! prove me wrong!

RK

03 Mar 2008 : Indian Stock Market News Round up

Sify
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Loan waiver will not lead to collapse of banks: FM
Finance Minister P Chidambaram on Sunday sought to allay apprehensions that the Rs 60,000 crore farmers' package will lead to collapse of the cooperative and scheduled commercial banks and weaken the banking system

JMC Projects: Buy
JMC Projects has managed a successful turnaround, transitioning from a company with eroding net worth to one with a strong balance sheet in two years.

UTV Software: Hold
UTV Software, which has firmly established itself in the movie production business, is inching faster towards its ambition of becoming a global integrated media player with a presence spanning television content, broadcasting, films, gaming and animation

Divi’s Laboratories: Buy
Investments with a two-three year perspective can be considered in the stock of Divi’s Laboratories, a leading player in the pharma contract manufacturing space

Allcargo Global: Buy
Investments with a two-three year perspective can be considered in the stock of Allcargo Global Logistics, a leading integrated logistics solution provider

Infotech Enterprises: Hold
Shareholders can continue to hold the Infotech Enterprises stock with a 12-18 month horizon

Tata undecided about reducing Nano price
Following the reduction in excise duties in the union budget, automobile major Tata Motors has slashed the prices of its Indica and SUV models. However, the company Saturday said it was undecided about lowering the price of its forthcoming model Nano, already considered the world's cheapest car at Rs 100,000 ($2,500).…

RIL, Essar raise petrol prices
Within a couple of weeks, the two private sector petroleum companies Reliance Industries and Essar Oil have again resorted to a hike in petrol and diesel prices. Reliance has raised petrol price by Rs 4.5 per litre and left diesel price untouched.

Commodity trading to turn a costly affair
Introduction of commodity transaction tax (CTT) similar to that of securities transaction tax (STT) seems to have not gone well with the exchanges and broking firms alike

The Financial Express
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OEH wont let Tatas take over
Luxury hotel chain Orient-Express, in which the Tatas have become the second-largest shareholder, has said talks about its possible acquisition could affect its share price although its anti-takeover measures are firmly in place

Dalal Street to follow global cues, say analysts
The Indian Stock market is likely to follow global cues in the coming weeks, while the Budget proposals for 2008-09 are unlikely to have any prolonged impact on investor sentiments, said analysts

Securities transaction tax to help boost govts earnings
Despite the sluggishness in manufacturing and a lower growth projection, along with additional spending due to projected rise in food and oil prices, the government hopes to earn Rs 6,02,935 crore though tax and non tax revenues, a 14.8% rise in its earnings.

Kamath sees no rate cuts soon
The chief executive of ICICI Bank Ltd, India's biggest private-sector bank, said on Friday he did not expect the country's central bank to ease interest rates soon

Market corrections are part and parcel of long-term bull markets
The recent correction has been around 20%, while the May '06 correction was over 25%. This is not alarming as Indian equity markets have a history of sharp corrections ranging from 20-25%

The Economic Times
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Virgin Mobile enters India, partners Tata Teleservices
Sir Richard Branson decided to hang in front of a five-star hotel in Mumbai on Sunday, to announce the launch of his brand in India’s mobile phone market

Nano effect: Tatas can stand by Rs 1-lakh car promise
A 4% reduction in excise duty on small cars has augured well for the Nano, the Rs 1 lakh car of Tata Motors

It's pay-back time as FM caps mkt speculation
The increase in short-term capital gains tax and no reduction in corporate tax are sentimentally negative for capital markets

International News:
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Asian stocks savaged as dollar plumbs new depths (Reuters)
The dollar fell to a record low against a basket of currencies on Monday, dragging Asian stock markets down and compounding worries about a likely U.S. recession and more write-downs in the global financial sector

Singapore shares down on US economy worries
Singapore shares were down 2.8 per cent in opening trade early Monday over concerns about the US economy and financial sector

RK
Rental Classifieds and Real Estate Social Network