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Happy New Year Everyone

I just wanted to wish a happy new year to all our readers. One of the cool things about blogging is that you get to make friends and meet some terrific people along the way, and that is exactly how I feel about you guys.

indian stock market tipsI am sure 2010 will be an awesome year for everyone.

Rock on!

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posted in Off-Beat January 3rd, 2010

India is world’s third best performing market in the world during 2009

India came on the third best performing market in the world in 2009 just behind Russia and Brazil.

While the BSE Sensex returned 81% during 2009, the Brazilian market gave investors a slightly higher return of 82.7% and the Russian market offered investors a handsome return of 111.6%. During 2009. The broad market as measured by the movement of BSE Sensex, gained by 81% from December 31,2008 to December 31, 2009.This return was higher than the eleven major world indices such as Nasdaq Composite Index, S&P 500 Index, Dow Jones Industrial Average and Nikkei 225.

The Dow Jones Industrial Average ended higher by 1772.11 points (20.2%) at 10548.50 on December 30, 2009. Nasdaq composite index ended higher by 714.25 points at 2291.28. S&P 500 also ended higher by 223.17 points at 1126.42 on Decemeber 30, 2009. The Nikkei 225 of Japan appreciated by 19% during 2009, buoyed by trading firms such as Mitsui & Co after gains in oil & metals prices, while automakers also edged up. Shanghai SE Composite Index gave 79.2% return in 2009 which is next to India despite higher GDP growth. According to Bloomberge UTV Stock Market News, Beijing will stick to its loose monetary stance, but will try to be more flexible in implementing its policies, People's Bank of China Governor Zhou Xiaochuan said recently.

In Indian Stock Market - Hindustan Tin Works stock has given 600% return during 2009.

Best Script to Buy During 2010.
- Bihar Tube
- Surya Roshni
- Sukhjit Starch and Chemicals

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posted in Indian Stock Markets January 3rd, 2010

BSE to suspend 18 cos for non-compliance with listing norms

The Bombay Stock Exchange (BSE) today said it will be suspending trading in securities of 18 companies with effect from January 4.

The action follows these companies not complying with the various clauses of the Listing Agreement, the exchange said in a release here.

bombay-stock-exchange-sensex-Indian Share Market Tips, NSE Stock Tips, Stocks Tips, Sure Shot Tips, Stock Market Recommendations, Stock Market Tips, Share Market Tips, Nifty TipsThey have failed to comply with the various provisions of the agreement up to the quarter ended March 2009, it said.

The companies are Harig Crankshafts, Prag Bosimi Synthetics, Rathi Ispat, Harvic Management Services India, Wisec Global, International Hometex, Advance Multitech, Konkan Tyres, Hinafil India, Virtualsoft Systems, Sri Jayalakshmi Spinning Mills, Sriven Multi Tech, Padmanabh Alloys & Polymers, Nuway Organic Naturals India, IFSL Ltd, Triumph International Finance India, Vital Communications and IQ Infotech.

In case a company complies with all the provisions of the agreement on or before December 24, trading will be suspended for five days (up to January 8, 2010), it said.

If a company complies on or before January 18, 2010, then the trading in its securities will be suspended for 30 days (up to February 4, 2010), BSE said.

However, if a firm fails to comply with the agreement on or before January 18, the suspension will continue till such time the company complies with the rules prescribed for revoking suspension in a scrip, the release said.

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posted in BSE December 2nd, 2009

Useful Fibonacci Retracement Video

Here is an Excellent Video to Learn about Fibonacci Retracement.


Find more videos like this on ChartWatchers

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posted in Videos November 25th, 2009

Brokers keen on MF trading

Say move to deepen market but existing distributors may get annoyed.
The recent move by the Securities and Exchange Board of India (Sebi) to facilitate mutual fund transactions through the existing stock exchange infrastructure has found many takers, with broking companies keen to venture into this new area within a fortnight.
Brokers said trading in MF units would help them enhance volumes. In return, investors would save costs, they said. However, they added that this would be different from equity transactions and require a dedicated team.
Motilal Oswal, chairman and managing director of Motilal Oswal Financial Services, said, “We are set to offer this value-added service as it will provide transparency, reduce costs from investors’ perspective and increase volumes.”
A majority of existing asset management companies (AMCs) do not have a wide network and are limited to a few cities. On the other hand, broking companies have spread to semi-urban regions and are now focusing on retail investors.
Dinesh Thakkar, chairman and managing director of Angel Broking, said, “There is no reason why should we not get into mutual fund trading. AMCs do not have the reach that broking firms can provide.”
Oswal said: “Our existing infrastructure, with a distribution network having access to 560 cities across the country, will be adequate to offer this service. What will we require is mutual fund advisors.”
Trading of MF units on any day would be at the net asset value (NAV) fixed for that particular day, said brokers. Though most brokers are enthusiastic, some say how things turn out is yet to be seen.
Mohan Natarajan, executive vice-president at Edelweiss Capital, said, “Tracking equity and mutual fund markets are two different things. In mutual funds, it is the fund manager’s call which matters. Moreover, the fund market is not as volatile as equity markets. In case it remains an investors’ game, volume may not be there.”
Fund houses agree that using the exchanges’ infrastructure will expand the distribution network significantly. “However, it could annoy existing distributors and small town advisors,” said the chief investment officer of a leading domestic fund house.
Existing MF distributors and financial advisors are taking this as another challenge to their already shrinking business after the ban on entry load in equity schemes came into effect in August.
According to them, it is doubtful if the issue of low penetration of MF products can be addressed by using the existing infrastructure of stock exchanges.
“Though the market regulator wants to increase mutual funds’ reach to the masses, how will such a move increase retail participation? Existing clients of broking firms are likely to go for this service. Moreover, how many brokers would like to take care of small mutual fund investors who invest far less money than equity investors?” said a leading MF distributor who did not wish to be named. According to the equity head of a foreign MF, “Using the exchange’s network will enhance the fund market, resulting in easy transactions. However, the platform has to be more complicated to take care of the various intricacies involved in trading, such as track record of funds, etc. Else, it will be difficult to make investors understand what to buy.
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posted in Mutual Funds, NSE November 25th, 2009

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