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The Food Security Bill Spooks Markets, Banks Fall 5%, Nifty Down 4% 27 Aug 2013 | 03:26 pm
The Food Security Bill has been passed and markets don’t like it. Banks are down 5%. Everything has crashed across the table, except for IT. The dollar meanwhile had briefly crossed 66, but is at 65....
Economic Calendar For Week of 26 Aug 27 Aug 2013 | 12:14 pm
Coming to you one day late, is the economic calendar for the week. Bond Auctions On Monday, 11,000 cr. worth of 48 Day Cash Mgmt Bills were auctioned at 11.89%. On Tuesday, 11,000 cr. of 47 day Cas...
NSEL Losing Support, Directors Resign, A Disappointing EndGame 26 Aug 2013 | 05:56 pm
National Spot Exchange (NSEL) Chairman Shankarlal Guru, whose son-in-law owns NK Proteins, a defaulter of Rs. 930 cr. to NSEL, has resigned saying “some bad people have entered the exchange" who shoul...
Nifty Snapshot: Technically Weak But Bounce Expected to 5500 at Expiry 25 Aug 2013 | 10:11 pm
The Nifty has just made a lower high and lower low and rebounded back up. Well below the 50 and 200 day moving averages, the Nifty remains in bearish territory, about 13% off the all time high made in...
The Fall of the Rupee Was To Launder Money For Elections. Want To Buy A Bridge? 25 Aug 2013 | 11:56 am
Online sites and twitter are abuzz with talk about big rupee falls in the past, and how they seemed to have happened just about around elections. Between January 2008 and May 2009 the Rupee depreciat...
Nifty Earnings Growth Spikes To 16%+ 25 Aug 2013 | 09:05 am
In cheerful news, the Price to Earnings Ratio (P/E) of the Nifty is at 15.79, which at a Nifty value of 5471 gives us an Earnings Per Share (EPS) for the Nifty at Rs. 346. This is a 16.27% growth ove...
NSEL Gets Just 8 Cr., FMC Toughens SGF Norms, Jignesh Proposes Haircut, FT Directors Quit 24 Aug 2013 | 08:39 am
While NSEL paid out Just Rs. 92 cr. out of the Rs. 174 it was supposed to this Tuesday, it is going to be even worse next Tuesday. NSEL defaulters were supposed to have paid in the second installment ...
Tech Trades: Airtel Follows Through, BHEL Sets Up 23 Aug 2013 | 11:19 am
I asked on August 6 if Airtel was setting up for a technical sell, on a Bollinger band miss and a MACD crossover. Here’s how that worked out: The stock is down to about 304 today. I didn’t make much...
FIIs Sell In August As Well, now -7,700 cr. 23 Aug 2013 | 10:43 am
FIIs continue to be sellers in August, though in smaller quantities (till now). A quick chart: (Source: SEBI) This is data till Wednesday. Thursday data will come in later today but it looks like th...
Brokers Were Definitely Guilty in NSEL Fiasco Also: Reader 22 Aug 2013 | 01:39 pm
An alert reader of Capital Mind has called me out on my post that brokers could have been innocent. No chance, he says, and he explains: I was reading your article on The NSEL Scandal/Scam where you ...
