The correlation with the US markets is self explanatory. We are special but cann't be out side the orbit over a period of tiime.
NIFTY: GROWTH FROM JULY-2010
16-Sep-10 5,861.10 5,901.65 5,815.80 5,828.70
15-Sep-10 5,795.25 5,869.45 5,792.20 5,860.95
2-Jul-10 5,251.25 5,277.25 5,225.60 5,237.10
1-Jul-10 5,312.05 5,312.55 5,232.10 5,251.40
NASDAQ: GROWTH FROM JULY-2010
16-Sep-10 2,297.51 2,304.95 2,288.71 2,303.25
15-Sep-10 2,283.17 2,304.60 2,276.32 2,301.32
2-Jul-10 2,105.50 2,110.66 2,077.71 2,091.79
1-Jul-10 2,110.75 2,117.94 2,061.14 2,101.36
DOW GROWTH FROM JULY-2010
16-Sep-10 10,571.75 10,624.58 10,499.43 10,594.83
15-Sep-10 10,526.42 10,609.21 10,453.15 10,572.73
2-Jul-10 9,732.23 9,798.19 9,603.80 9,686.48
1-Jul-10 9,773.27 9,834.71 9,596.04 9,732.53
Saturday, September 18, 2010
Tuesday, September 14, 2010
FII money pouring...
An atricle from FE for you update. The power of excess liquidity..
Tuesday September 14, 04:04 AM Source: Indian Express Finance
India hot spot for FII investments By fe Bureau
India is the most popular destination for overseas portfolio investors to park their fund in the Asian region for 2010. It may be a signal of increasing confidence in the Indian growth story, when the rest of the world is struggling to fight the recession. Bloomberg data shows that foreign institutional investors (FIIs) have purchased domestic equities worth $13.7 billion in 2010 till date making it the only Asian markets to have received more than $10 billion of investment this year. It is 56% higher than corresponding period of last year.
This year, FII investment into India is over 57% higher than that of South Korean, which remains at the second slot in terms of overseas investment followed by Indonesia, Taiwan, Thailand, Philippines and Vietnam among others. Interestingly, higher amount of FII investment has flowed into India despite the fact that domestic equities are commanding a relatively higher PE against its regional peers. While Nifty (^NSEI : 5760 0) of NSE is trading at a PE of 19.36, it is 13.66 for South Korea, 4.16 for Indonesia, 14.98 for Taiwan and 14.61 for Philippines. As regards, future FII inflows into India will depends on the second quarter numbers, which would give a cue into the future earnings trajectory of India Inc.
Tuesday September 14, 04:04 AM Source: Indian Express Finance
India hot spot for FII investments By fe Bureau
India is the most popular destination for overseas portfolio investors to park their fund in the Asian region for 2010. It may be a signal of increasing confidence in the Indian growth story, when the rest of the world is struggling to fight the recession. Bloomberg data shows that foreign institutional investors (FIIs) have purchased domestic equities worth $13.7 billion in 2010 till date making it the only Asian markets to have received more than $10 billion of investment this year. It is 56% higher than corresponding period of last year.
This year, FII investment into India is over 57% higher than that of South Korean, which remains at the second slot in terms of overseas investment followed by Indonesia, Taiwan, Thailand, Philippines and Vietnam among others. Interestingly, higher amount of FII investment has flowed into India despite the fact that domestic equities are commanding a relatively higher PE against its regional peers. While Nifty (^NSEI : 5760 0) of NSE is trading at a PE of 19.36, it is 13.66 for South Korea, 4.16 for Indonesia, 14.98 for Taiwan and 14.61 for Philippines. As regards, future FII inflows into India will depends on the second quarter numbers, which would give a cue into the future earnings trajectory of India Inc.
Sunday, September 12, 2010
So far so good….
The Indian bourses shut for last Friday and the world over made some positive closing is not an opportunity to buy on Monday morning, because the other major markets fell but we continued our positive move during the week without a break. The argument is not to discourage the buyers for future gains but to alert the commonality being under observation.
Now the emerging challenge to our markets is the immediate threats placed due to the interdependence for imports and exports with the rest of the world. However we strongly claim on our internal consumption driven resourceful economy, we have to live with the rest. The double dip recession may not be our problem but our markets like to taste the bitterness of the fact as the world major economies are struggling to cope up with the falling data figures. So the Nikkei, S&P and the Europe will put their pressure on us to follow their falling trend albeit with lesser pace.
As a whole the West is looking for a better place to park the excess liquidity in a safe, growing, conducive in socio-economical geography, crystallized with relative terms on India. The large country with growing young educational minds has huge absorbing capacity be it knowledge or skills, likely outperform the peers, placed us in comfortable situation for next 5-10 years. There is very little threat existing to destabilize the factors under consideration. So the outperformance when compared is assured.
The numbers are the money spinners in the stock markets with time in the backdrop. This is all about knowing the number game. Be it a day to day for technical chartists or corporate financial results for fundamentalists or the growth numbers for economists-every thing boils down to NUMBERS. ALWAYS LIVE WITH NUMBERS-GOOD OR BAD.
The Indian markets are continuously in Bull grip and likely to enjoy the bottom support till it touches the trigger below 5412-16. So at Nifty level, it is not a sensible decision to go short but the individual stocks reached high can throw/offer some opportunity. The Nifty is likely to face resistance at 5668-73 level and the support at 5606 level for Monday.
Now the emerging challenge to our markets is the immediate threats placed due to the interdependence for imports and exports with the rest of the world. However we strongly claim on our internal consumption driven resourceful economy, we have to live with the rest. The double dip recession may not be our problem but our markets like to taste the bitterness of the fact as the world major economies are struggling to cope up with the falling data figures. So the Nikkei, S&P and the Europe will put their pressure on us to follow their falling trend albeit with lesser pace.
As a whole the West is looking for a better place to park the excess liquidity in a safe, growing, conducive in socio-economical geography, crystallized with relative terms on India. The large country with growing young educational minds has huge absorbing capacity be it knowledge or skills, likely outperform the peers, placed us in comfortable situation for next 5-10 years. There is very little threat existing to destabilize the factors under consideration. So the outperformance when compared is assured.
The numbers are the money spinners in the stock markets with time in the backdrop. This is all about knowing the number game. Be it a day to day for technical chartists or corporate financial results for fundamentalists or the growth numbers for economists-every thing boils down to NUMBERS. ALWAYS LIVE WITH NUMBERS-GOOD OR BAD.
The Indian markets are continuously in Bull grip and likely to enjoy the bottom support till it touches the trigger below 5412-16. So at Nifty level, it is not a sensible decision to go short but the individual stocks reached high can throw/offer some opportunity. The Nifty is likely to face resistance at 5668-73 level and the support at 5606 level for Monday.
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