Since there is a detailed discussion going on here on the Indian Aviation industry, it will be worthwhile going through this article. It gives a holistic view on how a industry witnessing a passenger growth of 20% seems to be in deep trouble, all in a short span of 6 months.
Business Today - Beta - India's leading business magazine
Not a single post since 5 days! Where is everyone? :eh:
Does anyone here use Religare, Kotak or HDFC Securities? Would appreciate if someone could give his opinion on these.
These are troubled times:
- Inflation is at 11.05% - a 13 year peak :sad:
- The rift between PM and the Left over the nuclear deal is very very worrying - possibility of elections in November is looming large.
- Markets were down over 500 points on Friday due to inflation numbers. Credit and crude turmoil at the Wall street could pull down the markets further.
All in all, we are in for an interesting and rough ride.
Cheers!
Not a single post since 5 days! Where is everyone? :eh:
Does anyone here use Religare, Kotak or HDFC Securities? Would appreciate if someone could give his opinion on these.
Hey,
I use ICICIDIRECT.COM
Its expensive compare to others in terms of charges but i like it a lot. I have used HDFC too and both os them are on similar lines. But since I already had ICICI no point in changing.
My suggestion while piciking up any look at the prices which they flash. I have heard that few website gives the prices which are 20 sec old.
Thanks
SK
I am suprised no activity on this thread, especially when market is making new lows every day ... where's every1?
on a serious note, valutation seems to be attractive ... I wont say cheap / buy
one interesting trend is ... IT seems to be holding though the fall...can we see some more upsurge in prices of IT companies? All are trailing at health valutation, but one wonder if there's is still some upside left?
on a serious note, valutation seems to be attractive ... I wont say cheap / buy
six months back, at 18k levels too ppl thought that the valuations were great ;)
on serious notes its not valuations which are keeping people at bay but the uncertainty hanging over Indian markets for quite sometime now... which includes
- crude prices
- indo US nuclear deal
- UPA govt and upcoming elections next year
- US economy slow down
- and of course the amount of global sub prime write downs still to be announced
I am suprised no activity on this thread, especially when market is making new lows every day ... where's every1?
on a serious note, valutation seems to be attractive ... I wont say cheap / buy
one interesting trend is ... IT seems to be holding though the fall...can we see some more upsurge in prices of IT companies? All are trailing at health valutation, but one wonder if there's is still some upside left?
Yup, I agree valuations are quite cheap.Many experts believe that 13k is the bottommost it can go.Also comparing to other stock exchanges of the world like dow jones etc, indian markets have gone down very sharply.So many ppl believe it can hold on to this level and may even rise in coming weeks.Lets see wat happens!
on a more careful examination... i just watched on CNBC... the dec NIFTY puts have become active at 3900 - 4000 indicating more bad news... :wow:
(put - option giving the right to sell to the optionholder)
on a more careful examination... i just watched on CNBC... the dec NIFTY puts have become active at 3900 - 4000 indicating more bad news... :wow:
(put - option giving the right to sell to the optionholder)
omg more downside left !!!
on a more careful examination... i just watched on CNBC... the dec NIFTY puts have become active at 3900 - 4000 indicating more bad news... :wow:
(put - option giving the right to sell to the optionholder)
Option space is mere speculation, no one could rightly speculate excat levels for Indian markets, and that too 6 months down the line. The contracts for 2010 are also traded, for 5,000 levels, dosent mean that Indian economy will remain stagnant for coming two years, who knows, might be the case that Nifty reaches 10,000 by Dec 2010.
It is true that more bad news is still to come, the future of our Government at center, is however, the biggest threat for economy. An early election at these high inflationary levels, will increase Fiscal deficit even more.
konqueror_vivek SaysOption space is mere speculation, no one could rightly speculate excat levels for Indian markets,
i agree with you that the FnO space is based on pure speculation. However, it also helps u in guaging the overall sentiment of the market. like in this case, puts being active at 3900-4000 underscores a prolonged bearish sentiment for the indian markets
i_m_listening Saysi agree with you that the FnO space is based on pure speculation. However, it also helps u in guaging the overall sentiment of the market. like in this case, puts being active at 3900-4000 underscores a prolonged bearish sentiment for the indian markets
A bearish or a bullish sentiment is more inclined on tha fact, that whether an index is traded in discount or premium, and the Put to Call ratio. A 3900 Dec 2008 contract being most active dosent mean it is bearish trend, people might be (short instead of long) selling that contract which could mean bullish markets ahead. Also, personally I dont trust the number of contracts shown on nseindia.com, you might get to know the actual number of contracts for the instrument on dealers page (Trading terminal).
Cheers,
my point here is, if one goes by standard calculation method (how a value of a share is calculated), prices has come close to match those ...
eg. DLF or even Reliance, I remeber one analyst put value of Reliance Retail business at Rs.700/share even when Reliance is facing opposition all over country & it's retail business is yet to prove itself ... however, as per this analyst, since retail has 700 value, reliance stock should have least value of Rs. 3300 ( he assigned other reliance business at Rs.2600 / share)
we have seen same thing happens in case of L&T; also where analyst has assumed unjustifed valutation for non-traded business ....
my point here is, if one goes by standard calculation method (how a value of a share is calculated), prices has come close to match those ...
eg. DLF or even Reliance, I remeber one analyst put value of Reliance Retail business at Rs.700/share even when Reliance is facing opposition all over country & it's retail business is yet to prove itself ... however, as per this analyst, since retail has 700 value, reliance stock should have least value of Rs. 3300 ( he assigned other reliance business at Rs.2600 / share)
we have seen same thing happens in case of L&T; also where analyst has assumed unjustifed valutation for non-traded business ....
aryan, each analyst arrives at the fair value of a stock based on the some assumptions regarding estimated growth rates, profit margins, market penetration rate, revenue per customer etc. These estimates differ from analyst to analyst based on their perception, understading and experience of the sector, which is also the basis of their logic and conviction.
So, probably the valuation might seem unjustified in a given market scenario, there may be a perfectly logical basis for it. Now, in case of reliance, though it is facing stiff opposition in many regions, it still has the first mover advantage and the way it is integrating down the value chain, it has developed a robust business model. The resistance Reliance is facing in many regions may have clouded our judgement and has made us to ignore Reliance's brilliance in executing large scale projects that are value-accretive to shareholders.
Also, personally I dont trust the number of contracts shown on nseindia.com, you might get to know the actual number of contracts for the instrument on dealers page (Trading terminal).
Cheers,
vivek, any particular reasons for that??
just to add on your posts - another way to guage the sentiments is to look at open interest positions.. see following article for more information
The Hindu Business Line : Profiting from open interest
Jaimin
vivek, any particular reasons for that??
just to add on your posts - another way to guage the sentiments is to look at open interest positions.. see following article for more information
The Hindu Business Line : Profiting from open interest
Jaimin
Oh yes! I forgot to mention open interest, which is also a major parameter when you are having a watch on Put to Call ratio.
Yes Jaimin, I have seen quite a disparity between number of contracts traded shown at nseindia.com and on Trader terminal for same instrument.
Guys
ps: i hope oil falls to 100 soon or thinks r becoming uncontrollable .
general motors,ford and daimler r on verge of bankruptcy now just like airlines
Oil probably will not fall below $130, serious demand crises will occur if US does any stupid move towards Iran (Iran exports 60% of Crude). As you rigthly pointed that India is still over-valued emerging market when compared to its Asian counterparts, example Shanghai. I guess soon the economic pages of newspapers will be filled with hostile takeovers, who knows, when the big fishes will eat up small fishes - which are starving for capital!
GM is on the verge of bankruptcy for a different reason, GMAC LLC and Residential Capital, both subsidiaries of GM have huge Mortgage portfolio. Residential Capital's debt is now termed Distressed by big rating agencies. GMAC has a debt of $185 billion and Residential Cap has around $50 billion, combine those two numbers, will be sufficient money to buy some small country 😁
Oil probably will not fall below $130, serious demand crises will occur if US does any stupid move towards Iran (Iran exports 60% of Crude).
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:D
hi Vivek,
i agree with you...
but as a matter of opinion I'd like you to see this article also...
i think tthis is possible in the near future...:D
Well...for all those college goin guys... who think they are the masters of stock market... for all those who thought they can milk the money... here's an eye-opening article on how a collegian lost all his savings due to the greed of stock market!!
Hope after reading this people stop gambling... as mentioned in the first post of this thread... dat day tradin can only end u up as a broke!!
Armaan! :)
Article:This collegian lost Rs 40,000 at the market
Well...for all those college goin guys... who think they are the masters of stock market... for all those who thought they can milk the money... here's an eye-opening article on how a collegian lost all his savings due to the greed of stock market!!
Article:This collegian lost Rs 40,000 at the market
It is true that Capital markets make people bankrupt, given the student has lost a lot of money, but it is a blessing in disguise, imagine if this stundet would had started speculation, say 10 years down, he would had lost even more and at that moment when he might have other bigger responsibilities as well.
All major banks which r top clients of IT firms want a 15-20% cut in costs
Global meltdown may impact pricing of local IT cos- ITeS-Infotech-The Economic Times.
but can somone plz tell me what does it mean/
1) cut in pricing by 20%
or
2) cut in amt of volumes ??
how will it effect IT stocks as they aint falling much as vs other stocks:-o
The IT stocks have not declined from this level, one reason could be Indian currency got corrected to 41+ compared to dollar since Jan 08. However, on the other hand, US Financial institutions are looking to cut down expense, given the situation in US is -not-so-good as it was last year, Crude is climbing new heights each week, which is a major concern for buisness in the US and in emerging markets.
There will be decline in Sales / Revenue for big IT giants, however they might not be loosing margins, given the fact rupee has weakened when compared to dollar.