6lakh investor exit MF & IIP data

This was most interesting as 6lakh investor exit MF account in month of September alone, but silver lining is the same data shows HDFC has added 41thousand new folio So I am happy Indian investor are taking informed decision. FIIs investing and Indian funds selling both aggressive is really a surprise for retail investor. India is one emerging market where there is no capital restriction while other countries have imposed bigger restrictions due to currency appreciation.

http://www.thehindubusinessline.com/2010/10/12/stories/2010101253370100.htm  The mutual fund industry suffered a 5.8 lakh reduction in folios this September as investors closed accounts to book profits in a buoyant market.

View-IIP data drops to 15months low mainly on account of Capital Goods which registered 72% growth in the month of July has turned negative, contracting by 2.6% in August year-on-year, compared with 9.2% growth in August last year. I don’t know how the data can be so erratic but already http://tinyurl.com/25h3zfd few data have been question by analyst and even by RBI, as erratic data would make it difficult to frame policy. Capital Goods stocks have already turned Negative with BEL-BHEL-BEML-BRGENEGRY-LT-JYTOHISTRUCTURE-PRAJIND seeing selling pressure.

http://www.thehindubusinessline.com/2010/10/13/stories/2010101353420100.htm  Industrial growth drops to 15-month low of 5.6% in August.

Good monsoon rains and higher estimates of crop acreage will help agricultural production grow by 7.2% in 2010-11, after recording a 6.6% decline in the drought-hit previous financial year, according to CMIE, CMIE also pegged the GDP growth at 9.2% in 2010-11 on the back of sustained robust growth in manufacturing and services sectors. Already Fertilizer stocks are on move and other allied industries could also perform GSFC, UNIPHOS, INSECTICIDES, TATACHEM, NFL are still looking good

http://akprabhakar.blogspot.com/2010/10/sksmicrofinance-avoid-let-dust-settle.html  This newly listed stock which has traded just 44trading days has been in news in last few weeks for all negative reason.