Fundamentals May 16, 2013

Nik's Diary

The Indian markets opened flat today with a negative bias tracking marginally negative opening in SGX Nifty which is trading lower by 0.1%. Most of the Asian markets too are trading in the red.US market saw some volatility on Wednesday but extended the recent upward move by reaching new record highs and ended the day in positive. The better than expected housing data offset negative sentiment generated by a separate report from the Federal Reserve showing a bigger than expected drop in industrial production in April. Thursday’s trading could be impacted by another slew of U.S. economic data, including reports on weekly jobless claims, housing starts, and Philadelphia-area manufacturing activity along with the news on corporate

earnings. Meanwhile, a similar trend was seen in the European markets despite weak GDP reports from Germany, France and the Eurozone. Traders also welcomed the news that the Bank of England raised its economic growth forecast.Indian markets rallied to a 28-month high on Wednesday, buoyed by rate cut hopes after RBI Governor said the central bank will take note of falling inflation when discussing potential interest rate cuts.

TTMT global sales down 7% yoy in April 2013

Continuing its downward trend, Tata Motors today reported 7.02 per cent fall in its global sales for last month at 81,241 units. The company had sold 87,377 units during April 2012. Sales of luxury brands from Jaguar Land Rover were up at 28,874 units in April as against 25,143 units in the year-ago period. While sales of luxury sedans of Jaguar brand stood at 5,334 units, Land Rover sales were at 23,540 units during the month, the company said in a statement. Total passenger vehicle sales stood at 41,272 units in April, from 49,369 units in the same month previous year. Commercial vehicle sales went up to 39,969 units from 38,008 units in April 2012. Tata Motors global sales comprise Tata Daewoo and Hispano Carrocera range of commercial vehicles, Tata passenger vehicles, along with the distributed brands in India, Jaguar and Land Rover. Source: TOI

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Fundamentals April 30, 2013

Nik's Diary The Indian markets opened in the green following strong start to SGX Nifty and major Asian indices after better-than-expected reading on US housing sales and amid speculation that central banks will continue the stimulation measures. The US markets ended on a positive note on Monday with S&P 500 closing at a record high as traders reacted positively to the latest batch of economic news. The strength on Wall Street reflected a positive reaction to a report from the National Association of Realtors showing a bigger than expected rebound in pending home sales in the month of March. The pending home sales index rose by 1.5% in March 2013 after falling by 1% in February 2013. A separate report from the Commerce Department showed that personal spending climbed 0.2% in March 2013 following a 0.7% increase in February 2013. Meanwhile in India, renewed hopes of an interest rate cut at the RBI's monetary policy meet that is scheduled on May 3 helped stocks close high...

Trade deficit for November at USD9.2bn led by lower imports

According to provisional data released by the commerce ministry, the trade deficit for November 2013 has narrowed to USD9.2bn as against USD10.6bn in the previous month and USD17.2bn in November 2012 mainly on account of a sharp decline in imports. Imports reported a contraction of 16.4% during November 2013 as against 14.5% in the previous month and growth of 3.5% in November 2012. However, the momentum of strong export performance witnessed over the past four months slowed in November 2013, with export growth at 5.9% as compared to 13.5% in October 2013. The decline in imports for the sixth consecutive month can be attributed to the steep contraction in non-oil imports due to restrictions on gold imports as well as the impact of weak domestic demand in the economy. Non oil imports reported de-growth of 23.7% as compared to 22.8% in the previous month and oil imports came in lower by 1.1% as compared to growth of 1.7% in the ...

You are still helping by fearing and staying away from equity investing !!!

Yes it is true. Retail investors help markets and its participants more by staying out than by investing in equities itself. Hence optimists like me, do not mind retail investors doing everything else other than investing in equity markets. Let me tell you how it helps us. 1. Keeping your money in low interest bearing savings accounts will help banks raise cheap funds. In such a way you earn taxable 9% per year in fixed deposits and 4 % in saving accounts, whereas we continue accumulating multi lac crore banks like HDFCBank, AxisBank, ICICIBank, SBI and like, which are up by any multiple between 3.5 times to 11 times since December 2008. Also, by paying all your EMI installments on time would help private banks stay out of trouble and we shall continue investing in banking sector with of course proper investment plans and goals. This is something retail investors lack and often end up burning their fingers. 2. Retail investors are more or less out of the mark...

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