Fundamentals May 8, 2013

Nik's Diary

The Indian markets opened positive today tracking strong cues from SGX Nifty and most of the Asian markets. Asian indices have rallied on back of better than expectations, Chinese imports and exports data and optimism that central-bank stimulus will boost profits. While trading activity was somewhat subdued, US stocks moved mostly higher over the course of the trading day on Tuesday. The gains on the day extended the upward trend that has been shown by the markets over the past few weeks. With no major economic news being released, last Friday's better than expected jobs report seems to still be on the minds of traders. Meanwhile, the European stock markets bounced back from the weakness of the previous session fueled by

earnings results from major European banks such as HSBC, Societe Generale and Commerzbank. The unexpected increase in German factory orders also contributed to the positive mood. Renewed FII inflows and positive global cues on the back of optimism over U.S. economic growth sent Indian shares to a three-month high on Tuesday.

Comments

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...

Fundamentals January 18, 2013

Nik’s Diary The Indian market opened positive, mirroring the positive opening of most of the Asian markets. US markets moved notably higher over the course of the trading day on Thursday after moving sideways over the past few days. The rally came following the release of upbeat employment and housing reports. The jobless claims fell to 335,000 (estimated 368,000), a five-year low, in the week ended January 12th from the previous week's revised figure of 372,000. Another report from the Commerce Department stated that the housing starts jumped 12.1% to an annual rate of 954,000 in December from the revised November estimate of 851,000. The European markets also finished in the green on Thursday, after the release of better than expected economic data in the US. Indian markets rose notable higher yesterday on reports that the government has permitted fuel price revision to reduce its fiscal deficit. Comments by Finance Minister, P. Chi...

ITC beats street with Q3 net profit of Rs 2,052 cr, up 21%

Cigarettes major ITC reported a better-than-expected 21 percent year-on-year rise in third quarter net profit at Rs 2,052 crore, helped by strong growth in FMCG and agri businesses.Its net sales growth of 23 percent at Rs 7,627 crore also topped street estimates.Analysts on average had expected ITC to report a net profit of Rs 2,007 crore on revenue of Rs 7,220 crore, according to a CNBC-TV18 poll. "Overall ITC's results were good...Excellent performance of the non-cigarette FMCG business, good growth in the agri-business is driving growth," said Kaustubh Pawaskar of brokerage Sharekhan. The company saw its cigarette revenue rise 13 percent to Rs 3,657 crore, helped by the price hikes that it took. The analyst expects ITCs cigarette volumes would have grown around 1 percent in the quarter. The 64 mm cigarette that the company is test marketing currently should start contributing to its volumes couple of years down the line, he feels. Its other FMCG sales, whic...

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