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Author India Jitters
rffrydr
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PostPosted: Wed Oct 17, 2007 6:57 am    Post subject: India Jitters Reply with quote
India was limit down last night on govt. restrictions to market; Govt. reversed and market recovered.


http://www.marketwatch.com/news/story/india-markets-plunge-9-before/story.aspx?guid=%7BC2541060%2DF246%2D4D65%2D8143%2D24383C20E8F5%7D

Quote:
"The big idea is to control the rupee movement and control foreign fund inflows into the country," said Anagram Securities' director and head of research in Ahmedabad, Vinod Sharma.
The rupee had appreciated 11.7% against the U.S. dollar so far this year. In Wednesday's trading the rupee weakened by about 0.8% to 39.545 to the dollar.


Quote:
Indian stock market

Published: October 17 2007 09:21 | Last updated: October 17 2007 19:58

Has India not learnt a lesson from Thailand’s experience? Last December, the Thai authorities announced rules to limit capital inflows. When stock prices fell, they were forced to backtrack. Late on Tuesday, India’s stock market regulator proposed restricting the use of offshore participatory notes, known as PNs – an instrument much favoured by foreign investors. The stock market promptly fell 9 per cent yesterday, triggering a temporary halt to trading, although it closed just 2 per cent lower.

An immediate ban on the issuance of PNs linked to underlying stock derivatives is proposed, along with restrictions on the issuance of PNs in the cash market. Many positions will have to be unwound over the next 18 months. The notional value of PNs outstanding in August 2007 was $90bn, of which a third were linked to underlying derivatives. Since margins of only, say, 20 per cent will have been paid on the portion of PNs linked to derivatives, the potential outflows by April 2009 will look relatively small in the context of a stock market capitalised at more than $1,100bn. But the restrictions on future issuance could have a significant impact.


India feeling pain of rupee is becoming more and more of an outsourcer.
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PostPosted: Tue Jul 07, 2009 12:42 am    Post subject: Reply with quote
Too much govt. spending now "the problem" for the Sensex.
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PostPosted: Mon May 18, 2009 12:13 pm    Post subject: Reply with quote
....election took a week. So many people, somany different areas. The little girl starring in Oscar Winner "Slumdog Millionaire" is for sale by her father. Be careful what is assumed investing in this country.
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PostPosted: Sun May 17, 2009 11:19 pm    Post subject: Reply with quote
India experiences a crash - on the upside. This also should have strong implications for emerging market growth over the next few years:

http://www.bloomberg.com/apps/news?pid=20601087&sid=atFKJxbKVOI8&refer=home
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PostPosted: Tue Jul 22, 2008 12:04 pm    Post subject: Reply with quote
This should be very bullish for India equities over the next few months:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aHJJfKjcKSvY&refer=home
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PostPosted: Mon Jun 23, 2008 10:54 am    Post subject: Reply with quote
Commodity boom not a good thing for India - although they have dodged the bullet this year. Look for more headlines in tackling the upcoming food shortages in India over the next few years:

http://www.iht.com/articles/2008/06/22/business/22indiafood.php?page=1
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PostPosted: Wed Jun 11, 2008 10:47 am    Post subject: Reply with quote
India also surprising in the fight:

http://www.bloomberg.com/apps/news?pid=20601087&sid=adYX_8CTB4W0&refer=home

Alot of exporter have heavy bids under this asian growth--how long can policy be "circumvented."
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PostPosted: Tue Jun 03, 2008 8:42 pm    Post subject: Reply with quote
How it comes apart, reality....and, more to the point, perception:


http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=222235&version=1&template_id=36&parent_id=16
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PostPosted: Mon May 19, 2008 11:55 am    Post subject: Reply with quote
EEM leading list of "Sell on Strength."

http://online.wsj.com/mdc/public/page/2_3022-mflppg-moneyflow.html?mod=mdc_uss_mnyflo
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PostPosted: Thu May 15, 2008 11:25 am    Post subject: Reply with quote
http://images.thestreet.com/tsc/common/images/storyimages/050608_simon01.gif

http://images.thestreet.com/tsc/common/images/storyimages/050608_simon02.gif
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PostPosted: Sat May 03, 2008 9:14 am    Post subject: Reply with quote
Cartoon meets reality at cliff's edge for Indian apartment developers:

http://inhome.rediff.com/money/2008/may/01realty.htm

Good snapshot of intersection of relative costs, inflation, policy and funding in developed "developing" economy.
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PostPosted: Fri Mar 07, 2008 7:12 am    Post subject: Reply with quote
Westerners own the market. Note last line: locals interested only in intraday trades. Is there really a global investment culture?


http://www.marketwatch.com/news/story/financials-suffer-big-losses-wall/story.aspx?guid=%7BC10A1672%2DCD24%2D4747%2DB3C2%2D3E2E92AD83DF%7D
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PostPosted: Tue Mar 04, 2008 12:13 pm    Post subject: Reply with quote
ICIC one of India's biggeset banks shows how we do it here.


http://www.forbes.com/markets/2008/03/04/icici-bank-subprime-markets-equity-cx_rd_0304markets09.html
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PostPosted: Sun Feb 10, 2008 11:03 pm    Post subject: Reply with quote
Yes, it is over all right:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aKnpSALVyOwg&refer=home

Quote:
Reliance Power Ltd., which raised $3 billion in India's biggest initial public offering, fell as much as 14 percent on debut as a global equities sell-off dried up appetite for new share offerings.
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PostPosted: Mon Jan 21, 2008 10:46 pm    Post subject: Reply with quote
India, the last holdout with record highs Jan 8, is trapped in its own IPO:

http://www.bloomberg.com/apps/news?pid=20601080&sid=aXFqcdkRsnGU&refer=asia
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PostPosted: Tue Jan 01, 2008 7:37 pm    Post subject: Reply with quote
Watch if rioting extends to Punjab area:

http://www.ft.com/cms/s/0/aadc970a-b741-11dc-aa38-0000779fd2ac.html

Quote:
"The city of Karachi alone loses at least Rs5bn [$82m, €55m, £41m] a day when the city shuts down," said Farooq Hasan, the head of Management Association of Pakistan, a private business lobby. That figure does not include the cost of replacing damaged property.


But here's the kicker: crude.

Quote:
Pakistan's central bank recently reported that higher oil prices had helped push the current account deficit in the first five months of the financial year up to about $4.8bn, from approximately $4.1bn during the same period a year ago.


Pakistan up 47% for year.
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