Its Diwali Time and it is going to be a explosive week ahead, most probably the most explosive week of the year. There are several reasons and I am going to list them one by one. This definitely merits both a fundamental and technical analysis. The Technical Analysis will follow in a day or two.Fundamentals:1. RBI Meet on rate hikes on Tuesday, November 2. The Bank is expected to hike rates by 25 basis points. Liquidity is presently tight because of Coal India IPO, but that situation will ease by Monday when the allotment occurs. 2. The Fed Meet...
Friday, 29 October 2010
Sunday, 24 October 2010
Very rarely do quarterly results of companies get me excited. I consider them as mere milestones on a journey. Milestones to which undue importance need not be attached. Poor or great results over a quarter or two are not earth shattering news except for the pink papers and news channels. TCS results are one which made me sit up and take notice. Why?Here is why? They added almost 20000 employees in 1 quarter. They had double digit growth in all Verticals. Their profit margins were almost 30 pc and gap between Infosys and TCS is just 2.2 pc in terms...
Saturday, 16 October 2010
Wish all of you Happy Dussehra.Here are some of the legends behind Dussehra.In the months of Ashwin and kartik, Hindus observe a 10 day ceremony of fast, rituals, celebrations, fiests to honor the mother Goddess and triumph of Lord Rama over Demon Ravana. Dussehra also symbolizes the triumph of warrior Goddess Durga over the buffalo demon, Mahishasura. Thus, it is a celebration of victory of good over evil.This celebration starts from Navratri and ends with the tenth day festival of “Dussehra”. Navratri and Dussehra is celebrated throughout the...
Saturday, 9 October 2010
This week, lets step aside and take a look at the purpose of investments and financial planning. I always like to say we work for our money but does the money work for us?People get up every morning, go to work and come back in the evening. Now, what is the purpose of doing this day in and day out? It could be job satisfaction, work as a hobby but the primary purpose of going to work is to earn money.The idea of setting financial goals is like setting milestones to take us through the journey called life. People work so that they can have a comfortable...
Sunday, 3 October 2010
Here I am taking an illustration given by my friend Aarti. The FIIs stand to gain much more than us Indians. Here is why?The rupee rate is 48 rupees to 1 USD. Assume, we buy Nifty BEES (Benchmark ETF) at 480. This means Nifty is at 4800. We get to buy 100 units of Nifty ETF with 1000 dollars.ow a couple of months have passed by and Nifty reached 5350. Our ETF rate has gone to 530. The Indians earn 10.41 pc rate of return. Now our friend Mr Bernanke continues with his low interest rate regime, interest rate of almost 0 pc, he prints some more dollars,...
Saturday, 2 October 2010
Every week, we look at equity related offerings. This week, lets step aside and look at some debt offering. IDFC is coming with an Infrastructure Bond issue which closes on October 18th 2010.The government has issued a notification that an additional amount of Rs 20000 can be invested in, other than your limit of 1 lakh rupees under section 80. This means this Rs 20000 will be exempt from your taxable income this year. Depending on which tax slab...
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