Equity Markets

[AMIT_007_001]

Speculations regarding BSNL ipo are picking up momentum ...

Refer to these news items :

Moneycontrol >> News >> IPO - Upcoming Issues >> Plan BSNL IPO price at Rs 300-400/sh: A Raja

Moneycontrol >> News >> MARKET OUTLOOK >> Will BSNL IPO go through in current mkt scenario?

[AMIT_007_001]

Here is a good Article on Economist.com about the Risk Management:

A personal view of the crisis | Confessions of a risk manager | Economist.com

[AMIT_007_001]

Here is the CNBC TV 18 Expose of Heavy QIB Selling in some of the Small IPOs :

Moneycontrol >> News >> MARKET OUTLOOK >> Mystery behind heavy QIB selling unraveled



a very good article ...confirming the loopholes in Indian PolicyMaking

[willsurelywin]

oil is falling fast to 112 so now chnaces of petrol hike becomes less so maybe inflation will at max reach 14 and not 17% which is gr8

[konqueror_vivek]

Originally Posted by willsurelywin

oil is falling fast to 112 so now chnaces of petrol hike becomes less so maybe inflation will at max reach 14 and not 17% which is gr8

Yes Crude cooling off is a great news, however, dont expect petrol prices to go down soon, but if the Crude goes down at 70-75 levels from here, for sure we will see some discount in current petrol prices. IOCL is making 324 Cr loss everyday.

Did anyone saw Finance Minister smiling at PMs Financial advisors, they projected growth at 7.75%, whereas FM thinks India Inc. is still growing at 8.0% + pace!

[konqueror_vivek]

SGX Nifty takes on domestic volume...saw this article on bloomberg -


With over 90 per cent of hedge funds now preferring to trade the Nifty Futures on the Singapore Stock Exchange (SGX), volumes on SGX Nifty are climbing fast. The trend is giving jitters to domestic investors and stock brokers, who have to change their positions overnight, depending on the opening and closing of the SGX Nifty.

The SGX Nifty is traded from 9 a.m. to 6 p.m. (IST), while the domestic markets open at 9.55 a.m. and close at 3.30 p.m. On all trading days last week, Nifty futures in the domestic market opened more or less in line with the SGX Nifty.

An analysis of last week’s open interest (OI) in both the domestic and SGX Nifty futures reveals that the built-up of positions in Singapore has come very close to that in the domestic market, and is threatening to overtake it too.

The overall OI in SGX Nifty on July 24 (there was no trading in Singapore on July 25) for the current month (July expiry) was over 31.4 million against 38.8 million in the domestic market. For the entire week, the OI gap between both the markets has been more or less the same. Analysts say the OI in SGX Nifty is touching its lifetime highs.

A significant increase in the number of contracts at SGX Nifty could also be one of the strong reasons for the lacklustre rollovers that the National Stock Exchange (NSE) Nifty has been witnessing over the past couple of months.

Most of the hedge funds do not indulge in taking naked positions and the opportunity of arbitrage between cash and futures has reached its nadir since the crash in domestic markets. On the other hand, the pick-up of SGX Nifty futures trade has given them a high arbitrage opportunity between the SGX product and the NSE Nifty.

Yogesh Radke, an analyst with Edelweiss Capital Services, said there is a strong possibility of SGX Nifty overtaking domestic volumes shortly. “With the trading volume of Nifty futures coming down on NSE, the impact cost is rising, forcing even some of the big domestic investors to take positions on SGX,” he says.

According to sources, almost all the top brokerages are setting up shops in Singapore, which would allow even domestic traders to directly take positions. The SGX product is denominated in dollars as it is a futures on Defty, not Nifty. So, the only thing domestic investors should do is to have their funds parked overseas, which top market operators have already managed.

However, for the retail investors it may not be possible to invest legitimately in SGX Nifty until capital account convertibility comes about.

K R Choksey Shares and Securities’ Managing Director Deven Choksey said apart from the reduction in the minimum contract value of the SGX Nifty from $10 to $2, a sharp depreciation in rupee over the past six months too has forced hedge funds to avoid Nifty futures in India. “The foreign portfolio or foreign direct investors directly get currency protection when they use the SGX product for hedging. In the case of Nifty futures, this foreign investor would need to combine a position on it with a position on the dollar-rupee forward market,” he adds.

[konqueror_vivek]

I know everyone has seen variety of regulations in capital markets, various policies by government, monetary policies by central banks, however I never saw anything close to this -

"Since the stock prices in Pakistan have been falling, the Karachi Stock Exchange yesterday came out with a notification that going forward stocks can’t trade below the closing prices of 27 th August. So the price as of August 27 th is set as floor price for all stocks until further notification!"

Link:
Notice for All Members

KSE website:
www.kse.com

[anandv]

Originally Posted by konqueror_vivek

I know everyone has seen variety of regulations in capital markets, various policies by government, monetary policies by central banks, however I never saw anything close to this -

"Since the stock prices in Pakistan have been falling, the Karachi Stock Exchange yesterday came out with a notification that going forward stocks can’t trade below the closing prices of 27 th August. So the price as of August 27 th is set as floor price for all stocks until further notification!"

Link:
Notice for All Members

KSE website:
www.kse.com

Only Pakistanis can think in such a smart way And I thought demand-supply defined everything

Somehow I am getting a feeling that creation of floors will create its own set of problems.

[1_akhil]

hmm seeing a lot of action in this thread .. keep it up guys..
i would also welcome trading views on our market my the regualr visitors...

so wats yur view on nifty..
i think it will again drag down to 4200.. where it should see some intermediate support

yes i know a lot depends on global news and markets.. thts wat ppl look at when they wake up.. wher r the global mkts - dow, asia etc..
and where SGX trading..

but i can sense this general weakness in nifty as soon as it reaches the levels close to 4600.. though inflation at 12.1% is tad lower.. and inflation has been showing a downward trend.. dont think it will do much to pep up the mkts..

though nowadays u never know.. some good news from global giants leads to a sharp rally in nifty.. but i believe the rallies are short-lived and the fall is painful.. it will take time for the pain to ease and a strong upmove is far away methinks

so go short

[Digital_Saint]

Markets are getting fun now; people having forgotten crude and following up the LB news.