finance minister can't do much if coalition arithmetic does not give him a free hand.. i guess as long as we have a stable government, nda or congress.. reforms have to go on... but if we do end up with a hung parliament, decision making will become a casuality and hence the impact on economy... btw.. i mulayam singh is not as business unfriendly as you might think... 
oh boy...it is a bloodbath out there at the markets!!!
Today the exit polls have gathered pools of red on the stock market , markets not sustaining is falling effortlessly for now , i lost close to 8000 today, im scared of my money erosion as i 've bought my stocks on near high, but good thing is I've sold off my major pie on Friday so relatively relaxed, how it is going for other guys sensex down 200 + points ???
But i feel correction now is healthy given the way the bank stocks rallied more than 10 -30% in a week or so , bye....... :idea:
my portfolio lost around 3%... roughly 10k... but most of my stocks are long term bets... buy and hold... so, i am not selling right now :), i guess with today's mayhem market has factored in the hung parliament scenario to a large extent... and the indices should resume the upward trend once things settle down post election... and if they don't, man.. i am in for a big beating 
vishal
yup..today's been a bad day for me too...
but later in the day I turned buyer!!!
Bought Bharti Telecom(no idea why its falling after the awesome results) and Infosys(this is just for the bonus issue)...
will be hoping for a rebound tomorrow but have made these buys with a 6 month perspective so not really worried about the short term picture...
As far as NDA vs. Cong. is concerned, I am not sure if India Inc. would welcome a Cong. led govt. Take for example Cong's manifesto which says that they will try to bring in reservation in the private sector also. Thats a hugely retrogade step!!!
Then you have a chance where even the left parties would join such a coalition. That would be disastrous if any further reforms are to take place. Even people like Mulayam and others would try to stall the divestment process in the future. So I have to say that a BJP led govt is the best thing that can happen to this country right now. Although they may dislike heading a coalition but also have the experience to lead one!!!
markets in TIZZY today.n my money on they plunging to even lower levels...atleast till the nxt round of exit polls wher 1 party or the other(ideally BJP tho!!) gets a firmer GRIP.....the SCARE is not who wil come to POWER....evrybdys worried over the LOOMING HUNG parliament...the horse-trading,please-all-the-coalition partners scenario...wher REFORMS r shown 
so till then take care.
psst:i still havent got my demat acc activated else today 27th APRIL (or is it yest!!!
) wud hav been my first day of TRADING....wud hav been a bad debut ....
mailtabrez Saysmarkets in TIZZY today.n my money on they plunging to even lower levels...atleast till the nxt round of exit polls wher 1 party or the other(ideally BJP tho!!) gets a firmer GRIP
Infact this could well be a good entry point for few who still are interested in investing further. I too have been investing in stocks for over 3 yrs now but lately my exposure has been only 50K. For the past 1 month I was expecting a correction in the market.
I sold all my stocks at their peak and will enter again.
I will recommend including Petronet LNG at Rs. 21 in your portfolio since in short and medium term (2-4 months) it is expected to rise to anywhere between Rs. 30 - 35.
I would sound the alarm bells for anyone who wishes to go in for NDTV. Please don't follow the mollah and burn your fingers in NDTV stock.
Stay away from the banking sector (in long term) since a lot of skeletons are expected to come out of the closet.
As for Infy & Wipro, these stocks being traded at over 29 in terms of P/E are not good entry points till they move down to 26. In this case I would suggest not buying INFY till its price is below 4850 (pre-bonus) or 1350 (post-bonus)
The market will expect a barrier at 5810 (BSE) but once it moves up it will have the potential to max at 6340 (BSE) by the end of MAY 2004.
Open to comments!
I dont think I would agree with the NDTV opinion...
Its a great company to invest in.
If you are going by the losses they reported last year then it should be noted that it was their first year as a broadcaster as compared to their history of being content providers. This means that they had to do some huge capital expenditure in equipment and necassary licenses. Now that this phase is over, this company is headed for good growth. I mean who are you kidding man, Prannoy Roy at the helm with amazing reporters like Rajdeep Sardesai, Barkha Dutt etc. and we have a great news company on our hands!!!
And lets be honest here, how many of us here watch NDTV and how many the more degraded channels like "Star News" and stuff. That for itself is a vindication of NDTV's viewership.
Disclaimer : I am not investing in the IPO myself but the reason is that I dont have the money!!! Will buy from the market after listing.
I dont think I would agree with the NDTV opinion...
Its a great company to invest in.
maybe, maybe not. but the money they are going to raise from the IPO is going into capex or repayment of debt... which is not really an ideal situation for an investor... plus the issue price is rather steep.. you might still make some money from the initial listing ... anyway NDTV is not a stock i'd like to keep for 10 years... and as that Buffet dude said... "If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes." i'd say keep the money liquid for a while and wait for the TCS (or the rumoured Hutch) IPO.
vishal
Here's what i got today from Kotak MF...
"If the markets continue to slide without any substantive reason then this would be a good opportunity for investors to consider investing in equities with a 1 to 3 year horizon."
Rushabh Sheth
Head - Equity Funds
What caused equity markets to slide today?
Equity markets went down today (April 27, 2004) by 3.6% (213 points) on the back of concerns that the country is heading for a fractured verdict in the ongoing general elections.
Exit polls after the second round of polling (accounting for 276 seats, i.e., 50% of all seats in the Lok Sabha) on April 26 indicated that the ruling NDA coalition might not get a majority in the next Lok Sabha.
The concern is not so much about which party will form the new government but the fact that no pre-poll coalitions will be able to muster enough seats to provide a stable government.
This scenario will almost certainly give rise to horse trading, and will inject much uncertainty into the governance process. The incumbent government will be weak and incapable of taking any difficult decisions, causing delays in the economic reform process.
Are these concerns valid?
These are the concerns that were probably on the minds of market participants today. However, it is anybody's guess how much of this will actually come true:
* 50% of the country is yet to vote, and
* exit polls are not necessarily representative of the entire country, being based on a very small sample size.
How should we react to this volatility?
We firmly believe that it is too early to take a call on the final outcome of the elections. Also, regardless of which party comes to power, it is worth remembering that -
* most political parties have declared themselves committed to continuing economic reforms - the only questions are those of priorities and pace, and
* the underlying economic growth in the country remains strong, and this will continue to drive corporate profitability.
While today's markets seem to have epitomized the people's sentiments, as represented by exit polls, we believe that there is no cause for panic. We need to see the final shape of the new government before drawing any conclusions on its economic implications.
I am betting on a 50-70 point rise for the Sensex and 15-20 for the Nifty
my bet is that the market will be flat today. could even go down in the end.
but will rise frm tomorrow. ril result expected. will almost definately show a big rise in profits.will act as a booster dose to the market.
this is surely a nice time to pick. nick nice pic.bharti was a cool option. me too watching the stock.
mux
I would re-rate my prediction and go for a flat market too....
For people who trade regularly, it is amazing the kind of activity that happens between 3:00 to 3:30. Huge fluctuations can be seen during this duration.
Any idea why this happens?
Hi mere equity masteron 😃
I have spoken to some of my colleagues and they r big dalaals on the Derivatives market.
ALl of them r REALLY BULLISH abt the market. All the drop is for no toher reason BUT the sentiments of the elections. I am sure the market will gain a BIG pick up once the election results r out and the ministers take up their respective depats.
This is a good drop for investors to enter into the market and keep the market insecurtity to be their advantage. Atleast i am seeing a lot of ppl extremely bullish and r literally jumping to buy some Good companies which r SURE to perform no matter what. IF their prices r falling, or will fall...its ONLY becoz of sentiment factor in the mkt and NOT due to their fundamentals.
SO go ahead with HLL, Wipro, Infy, MRPL, oil sector, the power sector, Reliance energy is up with implementing SAP thru out al their businesses. I am sure once the implementation si out...and + the ambani factor, they r really gona post gr8 results in the comng yerars...so an Imp scrip over the next 2-3 yrs...
what say guys?
I would re-rate my prediction and go for a flat market too....
For people who trade regularly, it is amazing the kind of activity that happens between 3:00 to 3:30. Huge fluctuations can be seen during this duration.
Any idea why this happens?
probably because its the time for day traders to close out their positions for the day...
I must admit that I am pleasantly surprised seeing a 20-year old lady speak of the Stock Markets!!!
Great going Archana...
surprised????!!!!
man, read her earlier posts. she seem to be the expert among us.
right archana
mux
P.S: r u really only 20 yrs old?
Big day today with reliance coming out with its numbers...
Was seeing a report this morning on NDTV...
profits expected to rise 24% and revenues 30%...
if such numbers cant spruce up the market then what can?
hi all,
I have been following this thread for quite sometime now though have remained passive.
I am an active trader in the NSE
Quote
"Big day today with reliance coming out with its numbers...
Was seeing a report this morning on NDTV...
profits expected to rise 24% and revenues 30%...
if such numbers cant spruce up the market then what can?"
Maybe it will show on friday. Today (being last thursday of the month) is the closing of futures and options segment.
hi siddhartb . welcome here.
was thinking that gr8 results by ril will help market. got the shock when the script fell itself.
as siddhart said,F&O; is to be blamed.anyway it seemed up today.
also poor results by arvind mills 😞 .
muks