ISIN or International Securities Identification Number is a 12 character alpha-numeric code that uniquely identifies a security, across the world. The securities include shares, bonds, warrants etc. For example, the ISIN of Bharti Airtel is INE397D01024.
ISIN constitutes of three parts. It starts with a two letter country code. In the case of Bharti Airtel the country code is IN (India). The country code is according to the ‘ISO 3166-1 alpha-2’ standard.
The country code is followed by a nine character alpha-numeric national security identification code assigned to a security by the governing bodies in each country. In the case of Bharti Airtel, the national security identification code is ‘E397D0102’. This is followed by a single character check digit, which will validate the ISIN code. The detail of how this validation is done is illustrated here.
In a time when security trading across countries has become rampant, having a unique identifier for a security greatly helps traders as well as brokers in various countries to unambiguously identify and trade a security.
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- How does Short Term Capital Gain/Loss work?
- What are the 30 Stocks of BSE SENSEX?
- Online share trading websites of India
- SEBI mandates Rs. per share dividend declaration
- Money no longer gets locked in IPOs
Showing posts with label Stock Markets. Show all posts
Showing posts with label Stock Markets. Show all posts
Tuesday, June 15, 2010
Thursday, December 24, 2009
20-20 rule in stock selection? Interesting!
ET has this interesting article on stock selection in a bearish/bullish market. The idea it churns out is something like this.
When the markets are declining, people don’t buy stocks because they doubt that the stock prices would decline further, resulting in a loss or else they will wait to buy the stock at the lowest point. But the article argues that waiting to buy stocks at the lowest point may not be fruitful because, less and less people sell stocks as its price nears the lowest point.
On the other hand, when the markets are bullish, people don’t sell stocks because they doubt the stock prices would go higher or they wait for the stock prices to reach the highest point. And, here the article argues that at the highest point there would be less and less people willing to buy the stock and hence selling it at the highest price may not be possible.
Due to this phenomenon, the article suggests that in a bear market, buy stocks when the market goes down by 20%, rather than waiting for it to touch the lowest point and in a bull market, sell stocks when the markets goes up by 20% rather than waiting for it to touch the peak.
Interesting though!
Related Articles
- SEBI makes IPOs more transparent
- Now Interest Rate Futures can be traded in National Stock Exchange
- SEBI mandates Rs. per share dividend declaration
- How does Short Term Capital Gain/Loss work?
- What are the 30 Stocks of BSE SENSEX
When the markets are declining, people don’t buy stocks because they doubt that the stock prices would decline further, resulting in a loss or else they will wait to buy the stock at the lowest point. But the article argues that waiting to buy stocks at the lowest point may not be fruitful because, less and less people sell stocks as its price nears the lowest point.
On the other hand, when the markets are bullish, people don’t sell stocks because they doubt the stock prices would go higher or they wait for the stock prices to reach the highest point. And, here the article argues that at the highest point there would be less and less people willing to buy the stock and hence selling it at the highest price may not be possible.
Due to this phenomenon, the article suggests that in a bear market, buy stocks when the market goes down by 20%, rather than waiting for it to touch the lowest point and in a bull market, sell stocks when the markets goes up by 20% rather than waiting for it to touch the peak.
Interesting though!
Related Articles
- SEBI makes IPOs more transparent
- Now Interest Rate Futures can be traded in National Stock Exchange
- SEBI mandates Rs. per share dividend declaration
- How does Short Term Capital Gain/Loss work?
- What are the 30 Stocks of BSE SENSEX
Thursday, September 17, 2009
SEBI makes IPOs more transparent
The Securities and Exchange Board of India, SEBI, issued a new investor protection guideline that prevents companies doing IPO from sharing information, which is not available for the outside world, with their IPO arrangers.
Previously, a company going for an IPO shared key financial information with the investment bank arranging the IPO; information which is available only to the bank and not to others. The investment bank would then prepare research reports which are based on this extra information. The reports are shared with institutional investors prior to the filing of the prospectus and are not available to retail or ordinary investors.
So, one could easily make out that the additional information would make IPO estimations by the investment bank dealing with the IPO more accurate and give institutional investors an unfair advantage against other investors. Given this situation, the tweak from SEBI which says,
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- SEBI mandates Rs. per share dividend declaration
- How does Short Term Capital Gain/Loss work?
- Application Supported by Blocked Amount for IPOs
- Money no longer gets locked in IPOs
Previously, a company going for an IPO shared key financial information with the investment bank arranging the IPO; information which is available only to the bank and not to others. The investment bank would then prepare research reports which are based on this extra information. The reports are shared with institutional investors prior to the filing of the prospectus and are not available to retail or ordinary investors.
So, one could easily make out that the additional information would make IPO estimations by the investment bank dealing with the IPO more accurate and give institutional investors an unfair advantage against other investors. Given this situation, the tweak from SEBI which says,
“no selective or additional information or information extraneous to the offer document shall be made available by the issuer or any member of the issue management team/syndicate to any particular section of the investors or to any research analyst in any manner whatsoever including at road shows, presentations, in research or sales reports or at bidding centers”shall provide a level playing ground for investors alike and would bridge problems associated with information asymmetry.
Related Articles
- Now Interest Rate Futures can be traded in National Stock Exchange
- SEBI mandates Rs. per share dividend declaration
- How does Short Term Capital Gain/Loss work?
- Application Supported by Blocked Amount for IPOs
- Money no longer gets locked in IPOs
Tuesday, September 15, 2009
Now Interest Rate Futures can be traded in National Stock Exchange
After a gap of six years, the National Stock Exchange (NSE) of India re-launched trading in Interest Rate Futures. This will give the investor an opportunity to speculate and trade with these advanced financial instruments.
Interest Rate Futures allow institutions to hedge risk associated with interest rate fluctuations. They can reduce the risk associated with cash flows resulting from underlying assets such as home loans, long term fixed deposits etc.
However, in India, the underlying asset on which the interest rate future is based on is a 10 year notional coupon bearing government security. Have a look at this small series that came in ET, which talks about few things one has to consider before trading in interest rate futures.
Interest Rate Futures allow institutions to hedge risk associated with interest rate fluctuations. They can reduce the risk associated with cash flows resulting from underlying assets such as home loans, long term fixed deposits etc.
However, in India, the underlying asset on which the interest rate future is based on is a 10 year notional coupon bearing government security. Have a look at this small series that came in ET, which talks about few things one has to consider before trading in interest rate futures.
Thursday, April 23, 2009
SEBI mandates Rs. per share dividend declaration
In a good move, the Securities and Exchange Board of India, SEBI, has asked listed companies to declare dividends on a per share basis rather than on a percentage basis. For example, a company having shares of face value Rs. 10, and declaring a dividend of Rs. 5, will have to say that it has declared a dividend of Rs. 5 per share and not a dividend of 50%.
This is meant to bring more clarity to an average investor who sometimes gets caught up in the jugglery of percentages and values when companies declare dividends. Thus, it will bring uniformity in the declaration of dividends by listed companies.
The move will clear the confusion among share holders whether the dividend declared was a percentage of the face value or the market price. It also becomes relevant when companies reduce the face value of shares over a period of time, which some investors might not be able to track.
Also, the calculation of actual returns in terms of Rupees becomes much easier, when the dividend information is available on a per share basis. Share holders will just have to multiply the number of shares they own by the dividend per share amount that the company declares. And for the mathematically inclined, they can just go ahead and calculate the dividend percentage if they want.
The change will be with immediate effect. More news here.
Related Articles
- How does Short Term Capital Gain/Loss work?
- Application Supported by Blocked Amount for IPOs
- Online share trading websites of India
- What are the 30 Stocks of BSE SENSEX
This is meant to bring more clarity to an average investor who sometimes gets caught up in the jugglery of percentages and values when companies declare dividends. Thus, it will bring uniformity in the declaration of dividends by listed companies.
The move will clear the confusion among share holders whether the dividend declared was a percentage of the face value or the market price. It also becomes relevant when companies reduce the face value of shares over a period of time, which some investors might not be able to track.
Also, the calculation of actual returns in terms of Rupees becomes much easier, when the dividend information is available on a per share basis. Share holders will just have to multiply the number of shares they own by the dividend per share amount that the company declares. And for the mathematically inclined, they can just go ahead and calculate the dividend percentage if they want.
The change will be with immediate effect. More news here.
Related Articles
- How does Short Term Capital Gain/Loss work?
- Application Supported by Blocked Amount for IPOs
- Online share trading websites of India
- What are the 30 Stocks of BSE SENSEX
Sunday, April 19, 2009
The Stock Markets may be on Recovery
The Indian Stock Markets have performed promisingly well in the last few weeks. Though the performance wasn’t an all-round one comprising many different stocks, few of them upped the ante of the markets and had set the mood.
While it can’t be said with certainty that the economic slowdown and the stock markets are on a recovery path, there are few factors which may make it happen.
1. The economic stimulus packages issued and to be issued by countries world-wide would have created confidence in investor minds that the markets may not go down further if they put their money in.
2. Monetary policies (reduction in CRR, prime lending rates etc.) by governments that result in more money in the hands of people there by increasing their spending and investments (or, increasing liquidity in the economy), improving the economic situation.
Meanwhile, here’s a list of 10 stocks, compiled by Economic Times, which rose by more than 100% in the current market recovery.
While it can’t be said with certainty that the economic slowdown and the stock markets are on a recovery path, there are few factors which may make it happen.
1. The economic stimulus packages issued and to be issued by countries world-wide would have created confidence in investor minds that the markets may not go down further if they put their money in.
2. Monetary policies (reduction in CRR, prime lending rates etc.) by governments that result in more money in the hands of people there by increasing their spending and investments (or, increasing liquidity in the economy), improving the economic situation.
Meanwhile, here’s a list of 10 stocks, compiled by Economic Times, which rose by more than 100% in the current market recovery.
Tuesday, March 10, 2009
How does Short Term Capital Gain/Loss work?
I found this interesting snippet circulated through email by ICICIDirect, which describes in simple anecdotes how Short Term Capital Gain/Loss works in India. I am posting it straight away, without any modifications.
1. Mr. Sharma purchased some securities on May 7, 2008 at a total cost of Rs. 100,000. On July 3, 2008, he sold these securities for Rs. 130,000. Here the Short Term Capital Gain, STCG (gain arising from sale of securities which is less than 12 months old) was Rs. 30,000 (a) and STCG tax (15% as per current laws) for this gain calculated to Rs. 4,500.
2. But Mr. Sharma had also purchased securities worth Rs. 90,000 on June 12, 2008 and had sold them at Rs. 40,000 on February 10, 2009. Hence there is a Short Term Capital Loss (loss arising from sale of securities which is less than 12 months old) and equal to Rs. 50,000 (b).
3. Now as per the tax laws, Mr. Sharma’s Short Term Capital Gain (a) is offset by Short Term Capital Loss (b). Hence there is no Short Term Capital Gains tax payable by Mr. Sharma for the financial year 2008-09. Also, he carried forward Rs. 20,000 loss for offsetting any Short Term Capital Gains he makes in the next 8 years.
Thus a person needs to pay STCG tax only for the difference between Short Term Capital Gain and Short Term Capital Loss if the difference is positive; no tax if the difference is zero or negative. Moreover, if the difference is negative, he can even carry forward and offset the loss to gains in the next 8 years, until the loss is completely used off to offset those gains.
Thanks to ICICIDirect.com
1. Mr. Sharma purchased some securities on May 7, 2008 at a total cost of Rs. 100,000. On July 3, 2008, he sold these securities for Rs. 130,000. Here the Short Term Capital Gain, STCG (gain arising from sale of securities which is less than 12 months old) was Rs. 30,000 (a) and STCG tax (15% as per current laws) for this gain calculated to Rs. 4,500.
2. But Mr. Sharma had also purchased securities worth Rs. 90,000 on June 12, 2008 and had sold them at Rs. 40,000 on February 10, 2009. Hence there is a Short Term Capital Loss (loss arising from sale of securities which is less than 12 months old) and equal to Rs. 50,000 (b).
3. Now as per the tax laws, Mr. Sharma’s Short Term Capital Gain (a) is offset by Short Term Capital Loss (b). Hence there is no Short Term Capital Gains tax payable by Mr. Sharma for the financial year 2008-09. Also, he carried forward Rs. 20,000 loss for offsetting any Short Term Capital Gains he makes in the next 8 years.
Thus a person needs to pay STCG tax only for the difference between Short Term Capital Gain and Short Term Capital Loss if the difference is positive; no tax if the difference is zero or negative. Moreover, if the difference is negative, he can even carry forward and offset the loss to gains in the next 8 years, until the loss is completely used off to offset those gains.
Thanks to ICICIDirect.com
Wednesday, February 25, 2009
Investing in times of recession
One of the reasons why the stock markets are taking time to comeback is the lack of ‘investible’ money in the hands of people. Most of the money is tied up in various investment options such as shares, mutual funds etc. and are not in a position to be liquefied through their sale and reinvested.
Adding to this, people are losing their jobs due the retrenchments that are happening these days, which significantly affect their income. But for those who have money, there is not a better time to invest. The markets are low, shares are trading low.
But then, there is one entity that seems to have enough money to invest in the times of recession; Life Insurance Corporation of India (LIC). The firm had increased its stakes in ICICI Bank, IOB, GAIL etc.
This might be due to the job insecurity that the people feel, which makes them insure themselves and their assets through insurance companies making the companies have enough money to invest. And not to forget the cash reserves they have.
Adding to this, people are losing their jobs due the retrenchments that are happening these days, which significantly affect their income. But for those who have money, there is not a better time to invest. The markets are low, shares are trading low.
But then, there is one entity that seems to have enough money to invest in the times of recession; Life Insurance Corporation of India (LIC). The firm had increased its stakes in ICICI Bank, IOB, GAIL etc.
This might be due to the job insecurity that the people feel, which makes them insure themselves and their assets through insurance companies making the companies have enough money to invest. And not to forget the cash reserves they have.
Thursday, July 31, 2008
Application Supported by Blocked Amount for IPOs
The Securities and Exchange Board of India (SEBI) has introduced Application Supported by Blocked Amount (ASBA); a supplementary process for applying IPOs. Previously, when investors apply for an IPO, they have to pay the entire money upfront to the registrar/banker and hence stand to lose returns on the money that is locked until the IPO is allocated. The new move will protect the money of investors and will also make the IPO issue process more efficient and less time consuming.
In the new process, banks will block the money in investors’ account when they bid for an IPO and the money is released on the basis of number of shares being allotted. The remaining money will be unlocked by the banks. As a result, the IPO process is expected to be completed within 15 days of the closing date of the issue.
Related Articles
- Money no longer gets locked in IPOs
In the new process, banks will block the money in investors’ account when they bid for an IPO and the money is released on the basis of number of shares being allotted. The remaining money will be unlocked by the banks. As a result, the IPO process is expected to be completed within 15 days of the closing date of the issue.
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- Money no longer gets locked in IPOs
Monday, July 28, 2008
What are the 30 Stocks of BSE SENSEX
The SENSEX gives an indicative figure of the trading happened in BSE, which is the chief stock market of India. A group of 30 stocks that represent various industries of the economy are used for the calculation of SENSEX.
The base year for SENSEX calculation is 1978-79 and the base value is 100. It is calculated using Free-float Market Capitalization methodology. The SENSEX value is calculated every 15 seconds when the trade is going on.
Here is the list of the 30 stocks that constitutes the BSE SENSEX.
The BSE Index Committee meets every quarter to revise SENSEX constituents. In case a stock is to be replaced by another one, the announcement is made six weeks in advance of the actual change.
Related Articles
- Online share trading websites of India
- Money no longer gets locked in IPOs
The base year for SENSEX calculation is 1978-79 and the base value is 100. It is calculated using Free-float Market Capitalization methodology. The SENSEX value is calculated every 15 seconds when the trade is going on.
Here is the list of the 30 stocks that constitutes the BSE SENSEX.
| Code | Name | Sector | Adj. Factor |
| 500410 | ACC Ltd. | Housing Related | 0.60 |
| 500103 | Bharat Heavy Electricals Ltd. | Capital Goods | 0.35 |
| 532454 | Bharti Airtel Ltd. | Telecom | 0.35 |
| 532868 | DLF Ltd. | Housing Related | 0.15 |
| 500300 | Grasim Industries Ltd. | Diversified | 0.75 |
| 500010 | HDFC | Finance | 0.85 |
| 500180 | HDFC Bank Ltd. | Finance | 0.85 |
| 500440 | Hindalco Industries Ltd. | Metal,Metal Products & Mining | 0.70 |
| 500696 | Hindustan Unilever Ltd. | FMCG | 0.50 |
| 532174 | ICICI Bank Ltd. | Finance | 1.00 |
| 500209 | Infosys Technologies Ltd. | Information Technology | 0.85 |
| 500875 | ITC Ltd. | FMCG | 0.70 |
| 532532 | Jaiprakash Associates Ltd. | Housing Related | 0.60 |
| 500510 | Larsen & Toubro Limited | Capital Goods | 0.90 |
| 500520 | Mahindra & Mahindra Ltd. | Transport Equipments | 0.80 |
| 532500 | Maruti Suzuki India Ltd. | Transport Equipments | 0.50 |
| 532555 | NTPC Ltd. | Power | 0.15 |
| 500312 | ONGC Ltd. | Oil & Gas | 0.20 |
| 500359 | Ranbaxy Laboratories Ltd. | Healthcare | 0.70 |
| 532712 | Reliance Communications Limited | Telecom | 0.35 |
| 500325 | Reliance Industries Ltd. | Oil & Gas | 0.50 |
| 500390 | Reliance Infrastructure Ltd. | Power | 0.65 |
| 500376 | Satyam Computer Services Ltd. | Information Technology | 0.95 |
| 500112 | State Bank of India | Finance | 0.45 |
| 500900 | Sterlite Industries (India) Ltd. | Metal,Metal Products & Mining | 0.40 |
| 532540 | Tata Consultancy Services Limited | Information Technology | 0.25 |
| 500570 | Tata Motors Ltd. | Transport Equipments | 0.60 |
| 500400 | Tata Power Company Ltd. | Power | 0.70 |
| 500470 | Tata Steel Ltd. | Metal,Metal Products & Mining | 0.70 |
| 507685 | Wipro Ltd. | Information Technology | 0.20 |
The BSE Index Committee meets every quarter to revise SENSEX constituents. In case a stock is to be replaced by another one, the announcement is made six weeks in advance of the actual change.
Related Articles
- Online share trading websites of India
- Money no longer gets locked in IPOs
Wednesday, June 25, 2008
Online share trading websites of India
Ever since the dematerialization of shares happened in India, stock trading has shifted its base to the internet world. It made share trading a lot easier for people and more of them started buying and selling shares through various websites, which provided equity investors with facilities to do online trading. Online trading became so much popular so that today websites not only provide facilities to do share trading but also for Futures and Options trading, Commodities trading, Overseas trading, IPO application, Mutual Funds etc. and more.Here is a non-comprehensive list of websites through which you can do online share trading in India, on BSE and NSE, the leading stock exchanges of India. The websites are neither arranged in any particular order nor are they ranked here. And all of them provide more or less the same set of services. There could be a difference in customer service though!
ICICI Direct
ICICI Direct is owned by ICICI bank. They have one of the highest brokerage fees in India but also have a plethora of stock research information and trading tips available with them.
Sharekhan
Sharekhan is an old hand broker with a lot of experience in Indian stock markets.
Reliance Money
Reliance Money is owned by Anil Dhirubhai Ambani Group.
5paisa
5paisa.com is an IndiaInfoline owned online equity trading portal.
Geojit
Geojit, as a company, is in operation since 1987. As on today, it is the only company in which a government entity (Kerala State Industrial Development Corporation) has a stake.
Indiabulls
Indiabulls is a leading Financial Services and Real Estate company of India. They have over 640 branches across India.
There are other online equity trading brokers as well; like Motilal Oswal, Kotak Securities, Angeltrade, SMC etc. I will update the list with their information in future.
Thursday, June 5, 2008
CFDs: Contract for Difference
An agreement between buyer and seller of an asset saying that the seller will pay the buyer the difference between current value and end of contract time value of the asset, is called a Contract for Difference or CFD. Conversely, if the difference is negative then the buyer pays the seller. Thus, in a CFD, the seller makes money when the asset value decreases while the buyer makes money when the asset value increases, over the contract tenure.CFDs allow investors to speculate on asset price movements and do trading without actually owning the asset. It is much similar to margin trading such as short selling and short covering. In CFDs the investors can have longer contract durations, which will allow them to take long term positions.
CFDs were first traded in UK where they had the benefit of being exempted from stamp duty. Soon investors realized its potential to trade on leverage on an asset than just obtaining tax exemption. And thus started the growth of CFDs world over! Today they are traded in most of the leading stock exchanges in the world.
Today we have lot of websites that deal with online stock trading, especially for the trading of CFDs, like One Financial. They provide a wide range of trading instruments and also an investor can trade with a large number of exchanges through their site. Being a website they also have the advantage of geographic independence (anyone can trade from anywhere).
Online CFD providers like One Financial make the task of CFD trading a lot easier for investors. They are one of the few sites where investors can open a demo CFD account to get themselves acquainted with the interface and processes involved in CFD trading. For all those newcomers in the field of CFD trading, they have a CFD for beginners section in their website.
CFDs are indeed an interesting investment opportunity for investors!
Monday, June 2, 2008
SEBI to introduce Currency Futures
The Market regulator SEBI has announced that it will introduce exchange traded currency futures in the next three months. The currency future is suggested to have a minimum price of $1,000, which would be introductory.
SEBI also pointed out that next they would be working on interest rate derivatives.
Currency futures and interest rate derivatives are financial instruments that are used to hedge financial risks. They are highly used in developed markets like the US. This is a clear sign of the Indian markets becoming more matured and advanced.
More news here!
SEBI also pointed out that next they would be working on interest rate derivatives.
Currency futures and interest rate derivatives are financial instruments that are used to hedge financial risks. They are highly used in developed markets like the US. This is a clear sign of the Indian markets becoming more matured and advanced.
More news here!
Tuesday, May 13, 2008
Money no longer gets locked in IPOs
When investors apply for Initial Public Offering (IPO), they have to pay money upfront to the registrar/banker with whom the money gets locked for a few weeks, until the IPO price is decided and the shares are allocated. If the number of shares allocated is lesser than applied, the balance money is refunded to the investor. Since the money is locked for a few weeks, the investor loses interest amount he could earn otherwise on that money.
On the other side, bankers get floating interest on investor's money, for those few weeks. Well, to say the least, when money runs into Crores, however small the interest percentage is, the interest amount will be huge.
According to a SEBI statement, the money will now remain in the investor’s bank account till the allotment price and quantity is finalized. This would eliminate the refund process. This would also save money collecting and refunding time and thus will reduce the burden on registrars.
More news here.
At a macro level, the locking of money denies the markets to have the much needed liquidity (money in the hands of people that can be used for trading in stock markets), particularly when they are falling and need money to push it up. Thus, money locked in IPOs has a serious impact on stock markets.
An example is something that happened in January 2008, when investor money was locked in Reliance Power and Future IPOs. These IPOs were huge and have raked in most of the liquidity from stock markets. When markets fell during that time due to US recession fears and other reasons, investors didn’t have money with them to buy shares (when markets fall, share prices also fall due to which investors buy shares which in turn will pull the market up) and stop the market from falling further. Reason; their money was locked with Reliance and Future IPOs!
The move by the regulator may not solve the liquidity problem during IPO as SEBI is planning to have some arrangements with which money would be locked in the investor's bank account so that there won't be any lack of funds in the investor's account when the IPO allotment comes. But this will atleast give the investors interest income on their money.
On the other side, bankers get floating interest on investor's money, for those few weeks. Well, to say the least, when money runs into Crores, however small the interest percentage is, the interest amount will be huge.
According to a SEBI statement, the money will now remain in the investor’s bank account till the allotment price and quantity is finalized. This would eliminate the refund process. This would also save money collecting and refunding time and thus will reduce the burden on registrars.
More news here.
At a macro level, the locking of money denies the markets to have the much needed liquidity (money in the hands of people that can be used for trading in stock markets), particularly when they are falling and need money to push it up. Thus, money locked in IPOs has a serious impact on stock markets.
An example is something that happened in January 2008, when investor money was locked in Reliance Power and Future IPOs. These IPOs were huge and have raked in most of the liquidity from stock markets. When markets fell during that time due to US recession fears and other reasons, investors didn’t have money with them to buy shares (when markets fall, share prices also fall due to which investors buy shares which in turn will pull the market up) and stop the market from falling further. Reason; their money was locked with Reliance and Future IPOs!
The move by the regulator may not solve the liquidity problem during IPO as SEBI is planning to have some arrangements with which money would be locked in the investor's bank account so that there won't be any lack of funds in the investor's account when the IPO allotment comes. But this will atleast give the investors interest income on their money.
Tuesday, October 30, 2007
Markets come of age?
From its teen ages, the SENSEX had nibbled the 20K mark yesterday and much of today’s opening was above the same though at present it’s trading slightly below 20K. By not creating hurdles for overseas investors when the market was precariously booming and making the flow of money into the Indian economy go through a transparent route, SEBI, the regulatory body of Indian securities market has proved that the Indian Securities Market is indeed strong in its fundamentals and is the best place in the world to invest.
Apart from Mukesh Ambani who has been rumored to top the list of billionaires in the world due to the current Bull Run in the market, small scale investors have also supposedly made money out of it. Some of the investors say that the current tide will take the market to the 25K levels; some foresee a small fall due to profit booking by investors that might happen in December. But let’s hope that the market won’t succumb to such things and continue its upward momentum for years to come. After all, I too am an investor :-)
Apart from Mukesh Ambani who has been rumored to top the list of billionaires in the world due to the current Bull Run in the market, small scale investors have also supposedly made money out of it. Some of the investors say that the current tide will take the market to the 25K levels; some foresee a small fall due to profit booking by investors that might happen in December. But let’s hope that the market won’t succumb to such things and continue its upward momentum for years to come. After all, I too am an investor :-)
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