31th Mar'08
Moolyankan Unitvalue 120.78 (Returns Since 10th Sept - 20.78%)
Sensex Returns - 0.33%
Monday, March 31, 2008
Thursday, March 27, 2008
Investment Workshop
Moolyankan and DoMS, IIT Madras are organizing Investment Workshop on 29th March'08.
The workshop would be graced by renowned Fundamental Analyst Mr. S. P. Tulsian and Technical Analyst Mr. Rajat K. Bose.
The workshop is absolutely free of cost and no registration is required.
Your takeaways from the workshop:
1. Basics of Stock Valuation.
2. Basics of risk managment in volatile markets.
3. Techniques used by professional companies to value stocks and invest in the stock market.
4. Foudation for becoming a good investor in future.
Details:
Investment workshop
Date: 29th March 2008
Time: 10:00 am
Venue: Media Resource Center(MRC), Central Library, IIT Madras
For further details contact:
Ankush Jain : 9962089630
Salil Akolkar: 9962363536
Amit Tiwari: 9962364678
The workshop would be graced by renowned Fundamental Analyst Mr. S. P. Tulsian and Technical Analyst Mr. Rajat K. Bose.
The workshop is absolutely free of cost and no registration is required.
Your takeaways from the workshop:
1. Basics of Stock Valuation.
2. Basics of risk managment in volatile markets.
3. Techniques used by professional companies to value stocks and invest in the stock market.
4. Foudation for becoming a good investor in future.
Details:
Investment workshop
Date: 29th March 2008
Time: 10:00 am
Venue: Media Resource Center(MRC), Central Library, IIT Madras
For further details contact:
Salil Akolkar: 9962363536
Amit Tiwari: 9962364678
Tuesday, March 25, 2008
Will the rally continue ?
Million dollar question !!!
But there is no easy answer to this question. Today's rally was triggered by good global cues and than by short covering. Although todays rally was not only big points wise but also in terms of advance decline ratio also. Monday rise in sensex was limited to large caps and market breadth was highly negative.
We don't know where all proponents of decoupling theroy have gone ? It seems this relief rally will continue for some more time across the world markets.
U.S. consumer confidence fell more than forecast in March as Americans' outlook for the economy dropped to the lowest level since Richard Nixon was president.
We expect news like this will continue to come from the US economy front. But there are many opportunities in the mid cap space (Indian markets) which have come at mouth watering levels after correction.
But there is no easy answer to this question. Today's rally was triggered by good global cues and than by short covering. Although todays rally was not only big points wise but also in terms of advance decline ratio also. Monday rise in sensex was limited to large caps and market breadth was highly negative.
We don't know where all proponents of decoupling theroy have gone ? It seems this relief rally will continue for some more time across the world markets.
U.S. consumer confidence fell more than forecast in March as Americans' outlook for the economy dropped to the lowest level since Richard Nixon was president.
We expect news like this will continue to come from the US economy front. But there are many opportunities in the mid cap space (Indian markets) which have come at mouth watering levels after correction.
Moolyankan Unitvalue
25th Mar'08
Moolyankan Unitvalue 120 (Returns Since 10th Sept - 20.0%)
Sensex Returns - 4%
Moolyankan Unitvalue 120 (Returns Since 10th Sept - 20.0%)
Sensex Returns - 4%
Friday, March 14, 2008
Moolyankan Unitvalue
14th Mar'08
Moolyankan Unitvalue 125.10 (Returns Since 10th Sept - 25.10%)
Sensex Returns - 1.08%
Moolyankan Unitvalue 125.10 (Returns Since 10th Sept - 25.10%)
Sensex Returns - 1.08%
Monday, March 10, 2008
Moolyankan Unitvalue
10th Mar'08
Moolyankan Unitvalue 125.49 (Returns Since 10th Sept - 25.49%)
Sensex Returns - 2.12%
Moolyankan Unitvalue 125.49 (Returns Since 10th Sept - 25.49%)
Sensex Returns - 2.12%
Where will market stop ?
Sensex tumbles by 934 pts.
Sensex falls by 10% in last 4 days.
These are the kind of headlines all of us are seeing for past 4-5 weeks.
Not just Indian stock Markets but Global Markets are falling.
When we started Moolyankan 6 months back, Sensex was at 15593 and yesterday it closed at 15924. Just a casual look would tell us most of the stocks are below their Jan lows.
Suddenly all the positive triggers have dried up and everyday we hear some bad news regarding US economy, Indian companies.
Larsen and Toubro recently announced that they would incur Rs 150-200 crore hedging loss.
If we look at just 2-3 quarters back than most of the companies were reporting significant increase in other income due to forex gains.
Where will all this stop ?
We don't know whether the makets will stabilize at 12000 or 14000, but it is obvious that there is further downside from here. The way Indian markets fell 10% in last 4 days was worrying sign. Stocks are falling 5-10% on very low volumes and this is dangerous since it indicates no body is buying. There is total apathy of buyers in the markets. Some of the stocks might have come at mouth watering levels fundamentally and it might seem they will stop falling at those levels, but stocks rarely trade at their fair value. When we went up there were excesses and now on the downside way we again have excesses.
How long all this will continue ?
Again difficult to say, because our bear market is just 4-6 weeks old and if all the indications coming from US economy, Global markets are factored than we are in for a longer bear market.
Sensex falls by 10% in last 4 days.
These are the kind of headlines all of us are seeing for past 4-5 weeks.
Not just Indian stock Markets but Global Markets are falling.
When we started Moolyankan 6 months back, Sensex was at 15593 and yesterday it closed at 15924. Just a casual look would tell us most of the stocks are below their Jan lows.
Suddenly all the positive triggers have dried up and everyday we hear some bad news regarding US economy, Indian companies.
Larsen and Toubro recently announced that they would incur Rs 150-200 crore hedging loss.
If we look at just 2-3 quarters back than most of the companies were reporting significant increase in other income due to forex gains.
Where will all this stop ?
We don't know whether the makets will stabilize at 12000 or 14000, but it is obvious that there is further downside from here. The way Indian markets fell 10% in last 4 days was worrying sign. Stocks are falling 5-10% on very low volumes and this is dangerous since it indicates no body is buying. There is total apathy of buyers in the markets. Some of the stocks might have come at mouth watering levels fundamentally and it might seem they will stop falling at those levels, but stocks rarely trade at their fair value. When we went up there were excesses and now on the downside way we again have excesses.
How long all this will continue ?
Again difficult to say, because our bear market is just 4-6 weeks old and if all the indications coming from US economy, Global markets are factored than we are in for a longer bear market.
Subscribe to:
Comments (Atom)
