News that impact stocks & Market

There are few news flows which would impact market CARE report on Bank NPAs to touch 3.5% by 2011 would give profit booking in these stock where very good rally in the last 18months was seen and rising deposit rate can hamper profit. Core sector Growth slows in July with Crude & refiner’s saving grace while STEEL & CEMENT drag which can show in IIP data to be released on September 12th.

Bank gross NPAs to touch 3.5% by March 2011: CARE, Reflecting the trend of sizable chunk of restructured assets turning into bad loans, rating agency CARE has pegged Indian banking sector’s gross non-performing assets (NPAs) at 3.5 per cent of gross advances by March 2011. http://www.business-standard.com/india/news/bank-gross-npas-to-touch-35-by-march-2011-care/405975/  

Core sector output grows 3.9% in July Industrial output rose by 7.1 per cent, the slowest pace in last 13 months http://www.business-standard.com/india/news/core-sector-output-grows-39-in-july/406144/  

Steel output-

Steel production slumped by 0.9% as against a growth of 4 per cent in the same month last year. The country only produced 4,657 thousand tonnes of steel this July (4697 thousand tonnes).

http://economictimes.indiatimes.com/Jobs//articleshow/6437580.cms  High attrition rate hits IT companies' bottom lines

Facts taken please read careful: U.S. Federal Reserve Chairman Ben Bernanke has said economy is weak and he would support if needed. Note Raghuram Rajan accurately warned central bankers in 2005 of a potential financial crisis if banks lost confidence in each other. Interest rates near zero risk fanning asset bubbles or propping up inefficient companies, say Rajan and William White, former head of the Bank for International Settlements’ monetary and economic department.

U.S. Federal Reserve Chairman Ben Bernanke said on Friday the economic recovery has weakened more than expected and the Fed stands ready to act if needed to spur slowing growth. http://in.reuters.com/article/idINIndia-51116920100827  

http://economictimes.indiatimes.com/news/international-business/Bernanke-must-raise-benchmark-rate-by-2-points-Raghuram-Rajan/articleshow/6423598.cms  Bernanke must raise benchmark rate by 2 points: Raghuram Rajan

Tata Steel-owned Corus has tentatively agreed to sell the beleaguered Teesside Cast Products (TCP) plant to Thailand's Sahaviriya Steel Industries (SSI) for a price of £320 million (Rs 2,325 crore). http://www.business-standard.com/india/news/corus-inks-draft-teesside-sale/406134/

IDBI Bank has received the best public sector bank award for financing small and medium enterprises (SMEs) from global business information provider Dun and Bradstreet http://economictimes.indiatimes.com/Banking//articleshow/6445449.cms  

Benefits of reading research report

Today we live in a world of free flow of information and so many channels, newspapers, brokers reports and analyst reports are available, but never will all views be  similar and it can’t be. Investors and traders should be smart to take informed decision on their investments or trading calls as you have control of your money and investment. http://prabhakar-views.blogspot.com/2010/02/caution-to-investors-from-sebi.html

Benefits of reading reports-one should understand low equity, low market capitalization or shady management stocks normally do not get coverage from analysts. Today there are so many penny stocks or small cap stocks which are @ crazy valuations which do not have fundamentals. So investors should check more details about these companies, news flows on these companies and there are many websites which can contribute for investors. 

http://www.nseindia.com/content/corporate/corpinfo.htm  

http://www.bseindia.com/sensex/research.aspx  

http://www.moneycontrol.com/  

http://www.edelweiss.in/Tools/screener.aspx  

http://money.livemint.com/LiveHome/Default.aspx  

http://indiaearnings.moneycontrol.com/home.php  

http://www.business-standard.com/india/common/bslogin.php?ref=/portfolio/index.php  

http://portfolio.economictimes.indiatimes.com/default.do?expire=true  

Some Paid sites

http://www.capitaline.com/new/index.asp  

http://www.cmie.com/index.php  

http://www.infinancials.com/  

http://www.factset.com/  

These are a few websites which would help investors track their investments and any news flows also can checked, financials and other relevant data can be taken.

CAUTION: Investors have limited time to do detail study or lack of understanding as they don’t know how to make best use of this information. For them my advice would be to take mutual fund route. Mid size Research house has 40-60 people how a single investor who can’t make company visit can make best use so much information available to him.

Take Informed Decision On Unknown Companies

Many unknown and smaller stocks have moved higher in recent past while Nifty & Sensex have literally remained lackluster. A large percentage of these stocks are not backed by fundamental value and are just moving on euphoria. LOTUS EYE is one such stock where rumours were abound as to it would be a takeover candidate after Fortis-Parkway deal both of which didn't happen ultimately and then the stock moved down. Investors are advised to check fundamental truth before entering such unknown stocks as many times it is just out of thin air and then nothing works out. Many times investors make money in these stocks but still get stuck as liquidity goes missing.
www.astersilicatesltd.com   Aster Silicates Listed in NSE saw high of Rs.258 now Rs.73 -----this price erosion is less than 15days ---Newly listed stock--- Please take informed decision on stock like these where no track record is known--- Newly listed stock is like a new born baby it is like WIN BIG & LOSE BIG

LOTUS EYE

PENNY STOCK & many other Small Cap stock are in over valuation ---- if u buy Value  and market corrects u can average but stock which do move for years --- CAUTION -- http://www.thehindubusinessline.com/2010/07/23/stories/2010072353251200.htm  penny stocks spurt-  Invest only in Value stock –
Irrational exuberance again? Select P/E ratios skyrocket http://economictimes.indiatimes.com/markets/stocks/market-news/Irrational-exuberance-again-Select-P/E-ratios-skyrocket/articleshow/6254238.cms

(Common)Wealth is not spent well!

India is hosting Commonwealth2010   http://www.cwgdelhi2010.org  in next 53days and now many news report put India as a corrupt & inefficient country. While red tape bureaucracy is still there in India, its far less than what it was 2 decades ago.

Could we have dreamed of being such an enormous super power when it comes to internal growth and advancement?
There are many sporting events conducted in many countries to showcase the development of the country and where is our development coming? I strongly feel that our liability of a 110 crs population has so far turned out to be a strong asset creating sufficient consumption and higher GDP. While we lack in most sports or the infrastructure required for them, we have a strong possible chance of improving. CWG is going to play a very vital and key role in this, irrespective of corruption acquisitions if the presentation and games are a success, it will open the way for us to bid for OLYMPICS in the near future. Also all developed countries vie for India, a prime example is India doing exceedingly well in the 90S' decade in PAGEANT CONTESTS, the reason was clear, almost every cosmetic premium brand wanted to make an entry into India, and what better way than glamour and acceptance.

Stock market upper freeze on 18/May/2009 after election result as market anticipated a Government without Left party support would do faster reforms and function efficient. However, now it appears that we have WELL BEGUN and are HALF DONE. The reforms in the last 1 year have been slow add to that has been the change in global attitude specially US towards out-sourcing. If we dont catch up with reforms then we can have a major crises in hand, like what happened in INDONESIA, THAILAND and RUSSIA. During the recession in developed nations in 2008-09 we came out least effected cause we had a very balanced monetary policy whereby economic development was not compromised for neither excessive growth (leverage) nor spending (subsidies). However, now things do not appear to be so clear, as even global economies are also changing policy so we need to fasten our change in policy or we shall lag behind.

India with 110crs more of people should have need frequent, faster, and efficient + hassle free Railway system and now one should book minimum 1month in advance to travel in train and where Chinese train travel in 2hours we take 8-10hours to reach In the last 2 quarters all railway wagon manufacturers have reported drop in capacity. While we get to know of new trains every budget, we are yet to see proper infrastructure development and planning. The negative side of the story is we are not executing and planning well, the positive side of the story is that we can still develop a lot thereby creating strong growth steadily http://prabhakar-views.blogspot.com/2009/12/need-for-speed.html

2016 Olympic Games - Rio de Janeiro - Rio is Ready --- http://www.rio2016.org.br/en/PorqueRio/

NIFTY-BSE SENSEX and Indian Market view

Markets has tendency of topping out in the first month of every quarter

 

Nifty (5387) has closed Negative -81points making this biggest losing week in previous 10weeks NIFTY 5477 looks fancy to be a Top on weekly closing basis 5449 was last week close so till these levels doesn’t cross market to face selling pressure but close below 5350 would be important. Markets has a tendency of topping out in the first month of every quarter October 2009 5181 was breached in January2010 5310 and next high was made in April2010 5399 and now July2010 high of 5477 has to be watched. Breaking below 5350 we can possibly see 5240 & 5100 on the downside.

 

BSE SENSEX (17868) Sensex has broken away from rising trend line and in the last 5trading days the Index is making lower highs and lower low 100DMA=17420 & 200DMA=17116 are important support on downside and rally till 18300 is not crossed could be pull back rally. Sensex below 17390 on closing basis only would confirm bigger correction