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Yatheendradas C.k.

Yatheendradas C.k.

City: Bangalore

Joining Date: 11 Jul , 2009
Last Login: 08:23 AM - 21 Aug , 2017
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New Thread: What changed for the market while you were sleeping?

From : Yatheendradas C.k. at 08:27 AM - Aug 21, 2017 ( )

Aug 21, 2017 07:46 AM IST | Source: Moneycontrol.com

What changed for the market while you were sleeping? 15 things you should know

A look at top cues from the domestic and international markets that could have a bearing on D-Street today.

Kshitij Anand  Moneycontrol News

The Nifty50 is likely to open flat on Monday tracking muted handover from Wall Street. The Nifty50 closed 66 points lower at 9,837 on Friday.

The index bounced back from its 50-days exponential moving average (DEMA) and made a ‘Hammer’ like pattern.

The index broke below two crucial support levels of 9900 and 9800 in trade on Friday but 50-DEMA lend support to the index which pulled the index back above 9800.


Traders should not make decisions based on one candlestick pattern and wait for further confirmation on Monday as Friday's price action was largely weighed down by Infosys.

The last-minute buying in the market is a positive sign which suggests that the market could be bottoming out and investors can use buy on dips approach next week.

It has to cross and hold above 9,880 to witness an up move towards 9,928-9,950 levels.

Asian shares are trading mixed on Monday morning. Hang Seng gained 0.50 percent, while Nikkei down 0.50 percent and Kospi slipped 0.24 percent.

Stay tuned with Moneycontrol to find out what happens in currency and equity markets today. We have collated a list of important headlines from across news agencies:

Wall Street ends down after more White House turmoil

The US stocks lost ground following a White House-focused week that raised more questions about the Trump administration's ability to implement its pro-growth agenda, said a Reuters report.

In the latest shakeup, the White House said Trump on Friday fired chief strategist Steve Bannon, known as an economic nationalist and an advocate of "America First" policies. Critics have accused him of harbouring anti-Semitic and white nationalist sentiments, it said.

The Dow Jones Industrial Average fell 76.22 points, or 0.35 percent, to close at 21,674.51, the S&P 500 lost 4.46 points, or 0.18 percent, to 2,425.55 and the Nasdaq Composite dropped 5.39 points, or 0.09 percent, to 6,216.53.

Donald Trump fires chief strategist Steve Bannon

President Donald Trump fired chief strategist Steve Bannon on Friday, the White House announced, ending the turbulent tenure of a rabble-rousing conservative media entrepreneur and political activist who was a darling of Trump's base, said a Reuters report.

SGX Nifty

The Nifty50 futures on the Singapore Stock Exchange were trading 7 points higher at 9857 indicating a flat opening for the domestic market.

Infosys to buy back 11.3 crore shares at Rs 1,150 apiece

Infosys said on Saturday that it would buy back 11.3 crore shares or 4.92 percent of equity capital at Rs 1,150 apiece. The company will be spending Rs 13,000 crore for the same.

The company further said that the buyback represents a premium of 17.73 percent and 17.92 percent on BSE and NSE, respectively, over the closing price of the stock as of August 16, 2017, the date of intimation to the exchanges of the board meeting to consider the proposal of the buyback.

3 US law firms file suits against Infosys

At least three US-based law firms sent out statements on Saturday saying they would initiate class-action lawsuits against Infosys for unlawful business practices, an exercise that is not uncommon with US-listed companies every time they go through a change, especially in the case of mergers and acquisitions.

A day after Infosys chief executive Vishal Sikka stepped down from his role at India’s second-largest information technology services company, these law firms sent out near identical statements asking Infosys investors to come forward.

“Rosen Law Firm is preparing a class-action lawsuit to recover losses suffered by Infosys investors,” said Rosen Law Firm. “Pomerantz LLP is investigating claims on behalf of investors of Infosys Limited,” said another.

Sebi Takes Stock of Aadhaar Linkage

The SEBI has set the ball rolling for making Aadhaar compulsory for stock trading. The markets regulator has asked exchanges for their feedback on brokers' preparedness to get their clients to submit the biometric IDs before December 31, said an ET report.

ET reported first on August 10 that Aadhaar would become mandatory for buying shares and mutual funds. The BSE, in a recent circular, asked brokers for their comments on the matter by August 23. It said existing clients will have to submit Aadhaar numbers to their brokers by December 31. New clients should do so within six months of opening a demat account.

RBI, govt working on recapitalising PSU banks

The Reserve Bank of India and the Central government are working on a recapitalisation plan for the capital-starved public sector banks (PSBs), said RBI Governor Urjit Patel.

Speaking at a National Conference on Insolvency and Bankruptcy, Patel said, "The government and the Reserve Bank are in dialogue to prepare a packet of measure to enable the PSBs to shore-up the requisite capital in a time bound manner.

The measures could include the combination of capital raising from the market, dilution of government holding, additional capital infusion by the government, merger based on strategic decision and sale of non-core assets."

Rupee closes little changed against US dollar

The rupee largely shrugged off the high volatility in stocks and ended steady at 64.15 against the US dollar on Friday even as investors reacted to US political turmoil and terror attack in Spain.

Oil jumps 3 percent as dollar falls, US rig count drops

Oil prices rose sharply on Friday, as the dollar fell and US drillers cut rigs, feeding a rally that boosted global benchmark Brent crude to a weekly gain while US crude was virtually flat on the week, said a Reuters report.

US energy firms cut oil rigs for a second week in three, the Baker Hughes energy services firm reported, with drillers cutting spending plans in reaction to declining crude prices, it said.

WTI crude futures for September delivery rose USD 1.42 to USD 48.51 a barrel, a 3 percent gain. Brent crude futures for October delivery rose USD 1.69 to USD 52.72 a barrel, a 3.3 percent gain.

RBI identifies 40 large loan defaulter

The Reserve Bank of India (RBI) has identified 40 large defaulters as the next lot of firms where banks will push for an early resolution, a government official said on condition of anonymity, said a Mint report.

Along with the 12 cases where bankruptcy proceedings have already started, these would account for 60-65 percent of the bad loans clogging the banking system, this person added.

Dollar hits four-month low vs yen

The dollar fell to a four-month low against the Japanese yen on Friday as investors sought out the safe-haven currency in light of uncertainty about the White House's ability to push through its economic agenda, said a Reuters report.

The yen was the major mover among developed world currencies. It rose nearly 1 percent against the dollar as nervousness over stock market valuations and the future of an eight-year global rally seeped into other assets, it said.

The dollar was last down 0.75 percent against the yen at 108.72 yen. It fell 0.1 percent against the Swiss franc to 0.9618 after touching a one-week low.

Bank unions call for all-India strike on 22 August

Services at public sector banks (PSBs) may take a hit on Tuesday as all unions under the aegis of United Forum of Bank Unions (UFBU) have threatened to go on strike against the government’s proposed consolidation move besides raising a host of other demands.

Most banks have already informed their customers that functioning of branches and offices will be impacted if the strike takes off. Operations at private lenders like ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank are expected to be normal except the delay in cheque clearances.

Incremental credit degrowth of Rs 1.1 trillion

Though there's no denying that credit growth continues to decline, the RBI data on sectoral credit growth shows only one side of the story as credit per se has been expanding through non-banking channels, primarily in the debt market, said a report.

During the week to August 4, there was an incremental credit degrowth of Rs 1.1 trillion, according to the RBI data.

This comes after a record low full year credit growth in FY17 when credit growth slipped to the lowest in the past six decades at 5.1 per cent. This was the lowest since fiscal 1953 when it grew a tepid 1.8 per cent.

Defaulters owe 27 percent of total amount to SBI alone, PNB next

Country's largest lender State Bank of India (SBI) accounts for over 27 percent of the total amount owed to public sector banks by wilful defaulters, said a report.

As many as 1,762 wilful defaulters owed Rs 25,104 crore to SBI as on March 31, putting pressure on its balance sheet.

Punjab National Bank (PNB) is next on the list with 1,120 wilful defaulters having outstanding non-performing assets (NPAs) or bad loans of Rs 12,278 crore.

7 stocks under ban period on NSE

Security in ban period for the next trade date under the F&O segment includes companies in which the security has crossed 95 percent of the market-wide position limit.

Securities which are banned for trading today include names like BEML, Fortis Healthcare, HDIL, Indiabulls Real Estate, JP Associates, JSW Energy, and Just Dial.

New Thread: I-T Dept gets more hands to sift shell firms

From : Yatheendradas C.k. at 05:44 AM - Aug 21, 2017 ( )

I-T Dept gets more hands to sift shell firms


Govt fills up vacanct posts, promotes 65 officials with proven investigative skills

More than 65 officer of the Income-Tax Department have been promoted to the position of Principal Commissioners, as the government ups the ante in its fight against shell companies.

Positions with investigative powers that have been lying vacant have been filled up and strengthened, a senior I-T officer said.

He said officials with proven skills were being promoted. This would help strengthen the probe against shell companies, he said. The process of investigation has been under way since September 2016.

After demonetisation, the government had launched a massive crackdown on shell companies, and the I-T Department has been at the forefront of the drive.

Of a recent list of 331 shell companies declared by the government, many were found to have shared their registered address from common areas in Kolkata. It is reported that many companies have listed their addresses in decrepit colonial-era buildings in Lalbazaar Street, Kolkata.

When high-denomination currency notes were banned last year, authorities noticed that many companies deposited cash in banks in multiple tranches, creating a complex web of transactions. On probing further, it was found that several companies had no regular businesses; they existed only on paper. The official said that a fresh list of companies may be put out in public by the government in the coming months.

The common modus operandi of the owners of such companies is to create smoke screens by naming personal servants and drivers as members of the company board.

Another I-T official said that there have been investigations in the past against companies dodging taxes, based on information from VAT Department. Currently, information from multiple sources, including Union Ministry of Corporate Affairs is being collated, he said.

Filling up vacant positions will ensure speedy investigation into such companies and transactions. The PMO has asked for forming a special team in the I-T Department to rout out bogus companies, the official said.


New Thread: Thoughts for the Day August 21st , 2017

From : Yatheendradas C.k. at 05:35 AM - Aug 21, 2017 ( )

21st August, 2017

Image result for inspirational quotes images

New Thread: Market Week Ahead: Here are 7 factors

From : Yatheendradas C.k. at 03:23 PM - Aug 20, 2017 ( )

Aug 19, 2017 09:16 PM IST |

Market Week Ahead: Here are 7 factors that D-Street would watch out for

Monsoon progress, geopolitical issues along with corporate developments around Infosys could keep the Street on its feet.

Moneycontrol News

Pushed by a recovery in midcaps and value buying by investors, the Indian market managed to end the truncated last week with gains of over a percent. The Street had lost around 3.5 percent in the week before that.

Having said that, the positive momentum was halted on Friday after index heavyweight Infosys plummeted post CEO Vishal Sikka’s resignation.

The market on Friday fell sharply, with the Sensex losing 446 points intraday after Sikka’s resignation as Infosys' MD & CEO in the morning, but managed to minimise losses due to some short covering in later part of the session. Weak global cues due to the terror attack in Barcelona and uncertainty over Donald Trump administration's ability to follow through on economic policy in the US also hit market sentiment.


At the close of market hours on Friday, the 30-share BSE Sensex was down 270.78 points at 31,524.68 while the 50-share NSE Nifty shed 66.75 points to 9,837.40, after hitting an intraday low of 9,783.65.

Experts anticipate another bout of correction going forward, but also believe that a sharp fall was unlikely.

Inderjeet Bhatia of Macquarie Research told CNBC-TV18 that he is not worried if the market corrects another 3-5 percent from hereon, especially after more than 20 percent rally since the beginning of current calendar year.

He advised buying on every correction as fundamentals of the economy are strong and earnings recovery will start from the second half of FY18 and will be strong in next financial year. Meanwhile, Jayant Manglik, President, Retail Distribution, Religare Securities said in a statement that the Nifty has an immediate support at 9,780 and any decisive fall below that mark will trigger a fresh decline.

For the upcoming week, the Street could watch out for cues on the domestic front such as IPOs, monsoon progress, the upcoming GST deadline, among others. On the global front, as geopolitical tensions ease, the global markets were seen breathing easy. Having said that, the turmoil in the US administration, leading to an uncertain governance has jittered investors over the stability of the Trump government. These could keep the market on its feet.

Moneycontrol takes a look at 7 such factors that could be on the radar of investors.

New IPO to hit Street

Following several companies’ suits to hit the primary market with initial public offerings (IPOs), Apex Frozen Foods will open its issue on August 22, 2017 and will close it on August 24, 2017. The company plans to raise around Rs 152.25 crore and has a price band set at Rs 171-175.

The offer size includes a fresh issue of 7,250,000 equity shares, an offer for sale up to 1,450,000 shares, while employee reservation of up to 4,00,000 shares.

The Street could watch out for cues on investors’ appetite especially after several major IPOs that were lined up through the calendar year. The last major one to list on the exchanges was Cochin Shipyard, which had a bumper listing, but the preceding one saw a tepid listing.

Macro Data

While for India, there are no major economic data anticipated, but investors could keep an eye on global data movements.

On the commodities front, US will report data on crude oil imports. The number becomes significant as it also helps in determining the price movement on a global level as well.

Additionally, the economic progress in terms of purchasing managers’ index (PMI) will be revealed for Japan and US through the course of next week. Manufacturing PMI for Japan, Europe and the US is due to be announced in the first half of next week, while services PMI is set to be declared as well. Moreover, home sales in the US will also be reported in the second half of next week.

Geopolitical tensions & an uncertain administration

For India, the constant talk of a likely strife between India and China over Doklam issue could be a point of concern. The latest incursion in Ladakh could be a case in point and any kind of uncertainty on that front could not go down well with investors. Having said that, there are experts who have written about how a war-like situation should not be a cause of worry.

Additionally, global markets, especially Asia and US, have reacted quite negatively to the escalating tensions on the North Korea front. Meanwhile, the terror attack in Barcelona along with other European regions kept Europe under check.

Over and above this, the uncertainty and constant exits of high-profile officials in the Trump administration seem to have rattled investors. Late on Friday, reports emerged that the US President had fired his chief strategist, Steve Bannon, one among the several big exits from The White House.

Infosys in focus post buyback and lawsuits

Information technology bellwether Infosys on Saturday said on Saturday that it would buy back 11.3 crore shares, or 4.92 percent of equity capital, at Rs 1,150 apiece. The company will be spending Rs 13,000 crore for the same.

But a threat on the legal front will also be watched by investors. Over the weekend, reports emerged that three US law firms — Bronstein, Gewirtz & Grossman, Pomerantz Law Firm, and Rosen Law Firm — initiated investigations against the company on multiple concerns relating to securities transactions of the company. According to statements on the law firms' websites the lawsuits pertain to potential lack of compliance with federal securities laws, securities fraud, unlawful practices, and materially misleading information.

Monsoon progress

The progress of monsoon, a positive view based on which drove up the market, is crucial for the Street going forward. But the weekly data released by the Met department stated that the country saw 5 percent below normal monsoon. So far, consumer, rural and agri stocks had rallied on the hopes of good monsoon showers. A deficit and selective rainfall in different regions could be looked at by the Street going forward. Having said that, it is expecting a revival as well. Over the weekend, it predicted better monsoon and saw the situation getting better in central India, West coast and peninsula to improve, according to a report in The Times of India.

GST deadline

The deadline for filing the tax and return was set at August 20, 2017 but has now been extended to August 25, trends from which will be important to know the success rate of the taxation regime. Markets have reacted mixed to GST’s roll out, which is largely seen as a positive step to the economy. “The ground check reveals the enormous strain on those filing the returns. This will also have an impact on the liquidity during the festive season as next month the Income Tax dues are to be paid by September 15 and GST by September 20,” said market expert Ambareesh Baliga in a statement.

Corporate Action

Few of the banking stocks will be in focus after they announced a change in interest rates. For instance, United Bank of India revised rates for account balance up to Rs 25 lakh at 3.5 percent, while ICICI Bank revised the same to 3.5 percent as well, but for a balance of up to Rs 50 lakh. Additionally, Punjab National Bank (PNB) has said that it does not require any capital support from the government this year. It has a proposal to raise Rs 3,000 crore equity and told CNBC-TV18 that it will look at all options including FPO and QIP.

Additionally, there are several annual general meetings (AGMs) and dividend meetings lined up over the course of next week. Companies such as Sun TV, Sharda Motors, Manappuram Finance, Man Infra, Balaji Telefilms, Linc Pens, TV Today, among others, will be meeting to discuss their dividend issue as well as conduct their annual general meetings. Additionally, the management of Sobha will be meeting on August 24 to discuss a share buyback as well.

New Thread: Have you lost money in penny stocks?

From : Yatheendradas C.k. at 11:38 AM - Aug 20, 2017 ( )

Aug 19, 2017 02:14 PM IST | Source: Moneycontrol.com

Have you lost money in penny stocks? Say hello to cognitive investing

Cognitive Investing is an investment philosophy which requires one to isolate the current market condition from the investor’s time tested investment thesis.


Karthik Rangappa   Zerodha

If you are an active market participant, chances are at some point you would have convinced yourself to buy a stock which is trading at a really low price say Rs.5 or Rs.4.

The decision to buy these stocks most likely wouldn't be a rational one, but rather an emotional one. The typical thought process would be something like – ‘The stock is trading so low, how much lower can it go from here?

There is no harm buying few thousand shares at this level. In fact, if the trade works in my favor, there is a good chance of doubling or even tripling my investment’.


Let me be honest, I’ve myself fallen prey to such thoughts couple of times only to see my money disappear in due course. Why do we convince ourselves into such irrational investment ideas? What compels us to buy these such stocks?

More often than not, we are aware of that fact that there is a more than a fair chance to lose money on such trades, despite the awareness, we still end up buying penny stock, why?

Well, it so happens that there is a behavioral angle to this. As human beings, we are guided by expectations. Hence, looking forward to seeing our money double (quickly) and also realizing that expectation (in terms of booking profit) is exciting.

Like they say, ‘The chase is better than the catch’, research in neurosciences proves that the anticipation to see our money double is more exciting than the actual act of profit booking.

If you are familiar with how our brain functions, you would probably know about the ‘Reflective brain’ and the ‘Reflexive brain’. The reflective brain is more analytical and is responsible to take rational decisions. This part of the brain helps you think and analyze.

On the other hand, the reflexive brain is more impulsive. It leads you to make decisions based on intuitions and emotions. So, when you have the urge to buy a penny stock, it is actually the reflexive brain at work, which is promoting you to take that irrational decision.

So, how one does over comes falling prey to such irrational biases? Well, say hello to ‘Cognitive Investing’.

Cognitive Investing is an investment philosophy which requires one to isolate the current market condition from the investor’s time tested investment thesis.

Clearly, the idea behind cognitive investing is to be completely aware of the fact that humans suffer from many psychological biases which can negatively affect the investments that we make.

A typical cognitive investor pays attention stock’s valuation, business model, valuation, asset allocation, etc. He would typically view these variables in isolation of the current market conditions.

Besides, cognitive investors can very efficiently steer themselves clear of other external noise such as the opinions in media, predictions by market gurus, attention-grabbing headlines etc.

Cognitive Investing is therefore all about tuning yourself to use the reflective brain and not really get swayed by noise

Disclaimer: The author is VP, Educational Services, Zerodha. The views and investment tips expressed by investment experts on Moneycontrol are their own and not that of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

New Thread: Multibaggers could be dangerous?

From : Yatheendradas C.k. at 11:32 AM - Aug 20, 2017 ( )

Aug 19, 2017 01:02 PM IST |

Multibaggers could be dangerous? The good, bad and ugly about investing in smallcaps

Over the last 4 years, we have seen investors committing significant capital to Small and Micro cap stocks. The cycle has swung from lean to sufficient ownership.

Shashank Khade    Entrust Family Office Investment Advisors


Cyclicality in ownership:

Small cap stock ownership among investors continues to be cyclical. In a short span of less than 4 years, small cap investing has come a full circle.

Back in 2013, investors uncertain of India’s economic growth shunned equity and small caps were taboo. Valuation of small cap stocks was attractive with risk-reward being favourable. Investors ignored small caps for fear of the unknowns.


Over the last 4 years, we have seen investors committing significant capital to Small and Micro cap stocks. The cycle has swung from lean to sufficient ownership.

The total AUM of small and midcap funds has increased from Rs31,000 cr to more than Rs114,000 cr over the last five years. This does not include PMS or AIFs that are raised from large investors.

Chronology in ownership exists in small cap stock investing. The cycle of ownership starts with promoters increasing their ownership. Promoter associates/ Smart Investors are the next to build ownership in them. Institutional investors step in later.

Retail investors step in following smart monies. Smart monies exit when they believe earnings growth has been sufficiently discounted and incremental earnings growth may not lead to PE expansion.

When an institutional investor sells to retail investors, most stocks top out as supply in the stock expands leading to a path of long consolidation or long term correction in the stock.

Since retail investors tend to enter towards the end of re-rating cycle, they become the last men holding the baby. As the stock does not deliver for an extended period, retail investors tend to book losses as their patience wears out. This zero sum game has been repeating itself in all bull cycles.

Why are Small cap stocks fancied by Investors?

Uniquely differentiated/growing niches is one of the major reason to own small cap stocks. Small cap stocks, equated as multi-baggers, are synonymous for aggressive returns.

At the same time, investing risk is also the highest. Spectacular returns in this segment are assumed in a shorter period. Most investors tend to invest in small cap stocks expecting large returns from them.

However, such returns involve a combination of valuation re-rating and earnings growth over longer periods. Rather than intent to own with a longer-term perspective, they feel booking profits in multiple small stocks periodically can be enriching. As the number of transactions goes up, the probability of success starts to decline.

Ignorance about smaller companies

With over 1000 companies listed on the Indian bourses, comprehensive research on a large number of companies is difficult to find. Most brokers cover top 250-300 stocks listed and traded frequently. Beyond these stocks, the trading volumes are not justifiable for maintaining detailed coverage.

This leads to inefficiencies as information is sought sporadically with fewer investors tracking the companies on an ongoing basis. This leads to valuation at times becoming attractive providing opportunities in small and growing companies for long term ownership.

Ownership risk in Small Cap stocks

Most investors invest in equities across the market capitalisation spectrum. Small Cap stocks produce superlative returns in a cycle of growing domestic investor ownership. Domestic investors invest in small cap stocks as they believe these are tools to multiply capital.

Successful investors in smallcap stocks research the company in depth, understand business risks and invest at comfortable valuation which limits the downside potential and ride the re-rating cycle. Patient capital is the most distinguishing feature which sets them apart.

Conviction to hold for extended periods before returns start to materialise is a critical success factor. Most investors think about upside potential in smallcap stocks without assessing the risk to capital. They all start posing to be a long term investor.

But, when the downside starts to take shape, such investors lose conviction and panic to sell in desperation.

The risk in ownership of small cap stocks continues to be liquidity risk. Markets are ruthless and any disappointment in earnings delivery versus investor expectation in a sufficiently owned stock can lead to significant value destruction.

Needless to say, that in the case of a larger and longer correction in the market, the impact cost of exiting a small cap stock can be quite high.

This leads to serious loss of capital for an average investor who starts as a long term investor and exits in losses providing numerous justifications to do so. The expectation of fast bucks normally leads to faster erosion of capital.

The right approach to investing in Small cap companies:

We believe the right approach to investing in small cap stocks is investing only after a detailed due-diligence of the company and its business and have the capability to monitor the key assumptions for investing in such companies.

Small cap stocks should not be treated as trading bets, as that’s the riskiest strategy adopted by any investor since liquidity and investor interest changes drastically over the investment cycle.

Whether the promoters are keen on wealth creation of minority investors is the most critical factor to be understood by an investor. Most small cap company promoters are alleged to behave differently in their quest to create wealth for minority shareholders.

Promoter ownership in small cap stocks needs is considerable justifying the need for the management to create wealth for all shareholders.

Companies with a history of consistent communication with all investors at regular intervals have fared well since the investors can get to understand the business on an ongoing basis.

Tracking consistency in promoter communication and execution strategy in a bull and bear phase, keeping an eye on changing ownership, the ability of the management to articulate its business strategy are few general aspects of monitoring an investee small cap stock.

In summary, we believe small cap stock investors is a high-risk investors’ game. The risk to capital being the highest, an investor needs to follow a disciplined process to identify and track such investments.

Given the relatively high valuations in the smallcap space, patient capital remains critical to success. Successful small cap investing can be akin to PE/VC investing, if growing companies spotted early, with 3-5 years of investment horizon, regular monitoring mechanism in place. Being astute and selective shall be the way forward in smallcap stock investing.

Disclaimer: The author is Director and Co-founder, Entrust Family Office Investment Advisors. The views expressed are personal. The views and investment tips expressed by the expert on Moneycontrol are his own, and not that of the website or its management.

New Thread: Credit Suisse to clients: Take a breath, donít invest

From : Yatheendradas C.k. at 09:23 AM - Aug 20, 2017 ( )

Credit Suisse to clients: Take a breath, don’t invest in stocks anymore for now

Credit Suisse Group AG, the world’s sixth-largest wealth manager, is advising clients to take a pause from investing in stocks.

By: Bloomberg | Published: August 20, 2017 2:28 AM

Credit Suisse Group AG, the world’s sixth-largest wealth manager, is advising clients to take a pause from investing in stocks. “We think that now is a good time to review equity portfolios, lock in some gains and protect investments,” Nannette Hechler-Fayd’herbe, the bank’s director of investment strategy and research, said in an interview in Zurich on Thursday, adding that she isn’t telling clients to sell. “Generally it’s hard to predict political risks — we don’t know what it’s going to be.”


Credit Suisse’s recommendation to wealthy investors to consider portfolio allocations came ahead of a slide in stocks on Friday triggered by mounting concerns about U.S. policy and after terrorists struck a crowded tourist street in Barcelona, killing 13 people. The worries are worsening the mood for traders after last week’s escalation of tensions on the Korean peninsula.

Credit Suisse is keeping a neutral stance on equities but voicing some concerns over its valuations: stocks should continue to rise, the bank said in a separate monthly investment letter, but “valuations seem full.” Low volatility could present an opportunity for investors to protect realized gains making use of option strategies, it said.

Volatility indices spiked recently but are still bouncing around historically low levels. The CBOE Volatility index – a key measure of U.S. market volatility – stood at around 10 for most of the year, while the long-term average of the index is closer to 20.

Switzerland’s second-largest bank, along with other rivals including UBS Group AG and Julius Baer, is struggling with muted client activity as the very wealthy hold more cash than was traditionally the case, amid fears that valuations across asset classes remain stretched.

“What I see for instance is that clients are ready for rotation,” Hechler-Fayd’herbe said, citing a move within equities from broader indices to longer-term investment themes such as clean energy.

New Thread: How to Get Rid of a Sore Throat: 10 Simple and Natural

From : Yatheendradas C.k. at 09:16 AM - Aug 20, 2017 ( )

How to Get Rid of a Sore Throat: 10 Simple and Natural Home Remedies

New Thread: The Many Wonders of the Neem Tree.

From : Yatheendradas C.k. at 05:48 AM - Aug 20, 2017 ( )

The Many Wonders of the Neem Tree.


  • The Neem tree is a fast growing evergreen that is native to Pakistan, India, Bangladesh and Myanmar. This amazing tree is claimed to treat forty different diseases. All the parts of the tree is used for treating illness, the leaves, fruit, seeds and even the bark all contain medicinal properties.
  • The use of neem as a medicinal herb dates back over 5,000 years. Today it’s benefits have been proven by scientific research and clinical trials. And, although few of us have access to a neem tree, it can be purchased in the form of oil, powder and pills.
  • To give you an idea of the healing powers of the neem tree, here are a few names that the people of India have given it, “Divine Tree”, “Village Pharmacy”, “Heal All” and “Nature’s Drugstore”. With the almost ending list of uses for neem, I think it could be called, ” The Tree of Life”!
  • In treating diabetes, neem has been found to actually reduce the insulin requirements by as much as 50% without altering the blood glucose levels. Take 3 to 5 drops internally each day.
  • Neem cleanses the blood, stimulates antibody protection and strengthens the immune system which improves the bodies resistance to many diseases.
  • Used as a mouth wash it treats infections, mouth ulcers, bleeding sore gums and will even help prevent tooth decay!
  • For pink eye the juice of neem leaves can be used as eye drops, warm 5-10 ml and apply several drops.
  • To treat jaundice, mix 30 ml of neem juice with 15 ml of honey, take on an empty stomach for seven days.
  • If you suffer from burning sensations and excessive sweating, add 5 to 10 drops of neem oil in a glass of milk before going to bed.
  • Proclaimed the best product available in treating psoriasis, 2 capsules should be taken three times daily after meals with a glass of water.
  • Another way to treat psoriasis as well as eczema, skin ulcers, fungal conditions, cold sores and athletes foot, is to mix 1 tablespoon neem oil and 4 ounces of olive oil. This should be applied at least twice daily to the affected areas.


  • For acne problems take 2 capsules twice daily, you will start to see results within a few days.
  • To remove moles and warts, one drop of undiluted neem oil should be directly to the mole or wart and then covered with a small bandage. The procedure should be repeated daily using fresh oil and clean bandage.
  • For sinusitis, plain pure neem oil can be used as nasal drops. Use tow drops twice daily, morning and evening.
  • For athletes foot, soak feet in warm water with 15 ml of neem oil.
  • Neem oil will quickly stop earaches, just warm some oil and apply a few drops into the ear.
  • For hemorrhoids, apply some neem oil to a cotton ball and gently rub for about a week. If preferred a paste can be made by adding a small amount of olive oil or Aloe Vera oil until desired consistency is reached.
  • To prevent hair loss and enhance growth, mix a few drops of neem oil with coconut or olive oil and massage into scalp. This will even prevent your hair from graying!
  • Neem oil can be applied to cuts and abrasions to help them heal quickly. Neem increases blood flow which aids in creating the collagen fibers that helps the wounds to close.
  • As a treatment for burns and even sunburn, neem oil can kill the bacteria, reduce the pain and stimulate the immune system. By stimulating the immune system it speeds up the healing process and there is less scarring.
  • To kill head lice, neem oil should be massaged into the scalp and left on over night. Shampoo your hair as usual the next morning.
  • Neem detoxifies the body and helps maintain healthy circulatory systems, digestive and respiratory systems and helps to keep the urinary tract free of infections.
  • Scientific evidence has shown that neem is valuable in boosting the bodies immune system. A healthier immune system helps your body in fighting off many illness and diseases.
  • Laboratory studies have proven neem to be effective in treating the symptoms of food poisoning associated with both salmonella and staphylococcus. Neem extracts kill the salmonella bacteria and flush it out of your system, reducing the severity and length of the ailment.
  • A neem paste applied directly to the sores caused by chicken pox, will relieve the itching and reduce scarring.
  • Neem tea drank once or twice weekly can even help prevent colds. If you already have the symptoms associated with a cold they can be lessened by drinking neem tea three times a day. It will help alleviate the fever, cough, aches and pains, sore throat, fatigue and nasal congestion.
  • Neem also contains powerful anti-fungal properties that have been shown to aide in the treatment of athletes foot, yeast infections, thrush and even ringworm.
  • In it’s use of treating hepatitis, 80% of test subjects showed a significant improvement. The neem extract can actually block the infection that causes this virus.
  • Drinking neem tea during an outbreak of influenza will help alleviate some of the symptoms and speed up the recovery time. Neem has an amazing ability to literally surround viruses and prevent them from even infecting the cells.
  • Use of a neem based powder for jock itch will reduce the itching, dry the area and kill the fungus. For severe cases a neem lotion may be more effective.
  • The length and severity of an outbreak of mononucleosis can be decreased by drinking neem tea twice a day for two weeks.
  • For shingles, neem cream should be applied to the affected area at least three times per day. Severe cases should also be treated with neem tea after each meal, but tea should not be consumed for more than two weeks at a time.
  • Thrush can be effectively treated with neem tea, it will reduce the inflammation, reduce the pain and speed healing. Children under the age of 12 should not drink neem tea, for children this young it should only be used to gargle.
  • Secondary bacterial infections in the nasal passages and respiratory system can be decreased by inhaling steam from boiling the leaves.
  • In a recent study neem was shown to lower cholesterol levels when taken for a month in either the capsule form or the extract.
  • Scientific studies have proven that neem will reduce blood clots, heart irregularities and even reduce blood pressure. Results can be seen within one month on a regimen of extract or capsules.
  • Neem will increase the bodies production of T-cells, which will attack infections.
  • The use of neem oil on the skin is known to actually rejuvenate the skin, it also promotes collagen and will work in the treatment of many skin conditions including acne. Acne can be cleared up with a few day by taking two neem capsules twice daily.
  • It is reported that neem will help in fighting chronic fatigue.
  • For headaches neem powder should be applied to the forehead, neem oil should also work in combating headaches when used the same way.
  • The inflammation, pain and swelling of the joints associated with arthritis can be greatly relieved with the use of neem. Neem changes the immune systems response to arthritis and can halt the progress of this disease.
  • For centuries neem has been used to reduce tumors. Clinical research has shown remarkable effects in the reduction of tumors and cancers and also in treating leukemia.
  • Neem is highly effective in treating gastritis, indigestion and heartburn.
  • Blood disorders such as blood poisoning, kidney problems and poor circulation have been benefited by the use of neem.
  • With all of the countless medicinal benefits that are already provided with the use of neem, it is also being studied very closely for a treatment for AIDS, cancer, allergies, diabetes and both male and female forms of birth control!
  • Neem oil should be stored in a cool dark place, if the oil solidifies it can be placed in warm water to bring back to liquid form.  
  • Source : email

New Thread: Thoughts for the Day August 20th, 2017

From : Yatheendradas C.k. at 05:40 AM - Aug 20, 2017 ( )

20th August, 2017


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New Thread: Absolute control of money corrupts absolutely

From : Yatheendradas C.k. at 05:40 AM - Aug 19, 2017 ( )

Absolute control of money corrupts absolutely


The original adage is, of course, about power, but it is equally true of money. The banking industry learnt few lessons from the 2008 global financial crisis but we seem to be hurtling towards another. A likely trigger would be sub-prime auto loans.

Now auto sub-prime

Similar to the sub-prime mortgage loans (i.e. loans to people who would not qualify for one), bankers and auto dealers, backed by auto companies, are offering loans to, as the website www.zerohedge.com says, ‘anyone with a pulse is entitled to a 0 per cent down, 0 per cent interest, 80 month loan on a brand new $40,000 vehicle’. The outstanding value of sub-prime auto loans is $ 1.2 trillion.

During the sub-prime mortgage crisis of 2008, lenders made one assumption and one fiendishly clever move. The assumption was that home prices would keep rising, so that, if an unqualified borrower defaulted (as was likely) the bank could always recoup its money because the price rise would cover the loan default.

Undeserving rating

But, as any teenager will testify, what goes up must come down. So did home prices, leaving the lenders holding keys of houses whose prices were lower than the outstanding amounts due from persons not qualified to take loans.

The fiendishly clever move lenders followed was to package the sub-prime mortgages, slice the package and sell the securitised bits to retail investors, thereby offloading their own risk. Rating agencies strangely gave a higher rating to the securitised sub-prime loans than these deserved, adding to the ultimate peril of investors.

Well, guess what? Prices of used cars are falling, just like prices of homes fell, triggering the sub-prime mortgage crisis.

The Fed lowered interest rates to near zero. In a quest for better returns, fund managers lent bizarrely, such as for sub-prime auto loans.

Then, there were those who brazenly looted money by producing Ponzi schemes (such as Bernie Sanders). In a Ponzi scheme, money brought in by new investors is used to pay the existing investors who, having fetched superior returns, recommend it widely.

In India cases, such as NSEL and Rose Valley are infamous Ponzi schemes. Sadly for the duped investors, the Indian judicial system is so slow in punishing these schemers, that they are encouraged to roll out new schemes. Multiple agencies are brought in and the most obvious line of investigation, such as ordering a forensic audit to establish a trail, took, in the case of NSEL, four years.

In the case of corporate defaulters to public sector banks, a lot of action (overdue) is now taking place, as a result of which there is a firesale of corporate assets to pay off the loans. This is as it should be.

But why is the same resolve not displayed when the money involved is of the investor, and not of the bank? Good governance demands that criminals and Ponzi schemers should be punished as promptly, and as severely, as bank defaulters.

Absolute control of money corrupts absolutely. Wage a war on corruption.

(The writer is India Head — Finance, Asia/Haymarket. The views are personal.)

New Thread: New Rs 50 currency note image, features and everything

From : Yatheendradas C.k. at 05:37 AM - Aug 19, 2017 ( )

New Rs 50 currency note image, features and everything else you want to know

The Reserve Bank of India (RBI) announced on Friday evening that it will soon be releasing new Rs 50 currency notes. These new notes will be in the Mahatma Gandhi (New) Series, bearing the signature of Dr Urjit R. Patel, Governor, Reserve Bank of India.

By: FE Online | New Delhi | Published: August 18, 2017 7:13 PM
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The Reserve Bank of India (RBI) announced on Friday evening that it will soon be releasing new Rs 50 currency notes. These new notes will be in the Mahatma Gandhi (New) Series, bearing the signature of Dr Urjit R. Patel, Governor, Reserve Bank of India. The news was confirmed by the RBI through a statement on Friday evening confirming that the image that had gone viral earlier in the day was indeed of the new note. The new note has the motif of Hampi with Chariot on the reverse, depicting the country’s cultural heritage.

RBI has kept the base colour of the note Fluorescent Blue and it also has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse. As per the press release issued by RBI, the banknotes in the denomination of Rs 50 issued by the Reserve Bank in the earlier series will continue to be legal tender.

Here is the image of the new Rs 50 Note:

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Features of new Rs 50 note:

Obverse (Front)

1. See through register with denominational numeral 50,
2. Denominational numeral ५० in Devnagari,
3. Portrait of Mahatma Gandhi at the centre,
4. Micro letters ‘RBI’, ‘भारत’, ‘INDIA’ and ‘50’,
5. Windowed demetalised security thread with inscriptions ‘भारत’ and RBI,
6. Guarantee Clause, Governor’s signature with Promise Clause and RBI emblem towards right of Mahatma Gandhi portrait,
7. Ashoka Pillar emblem on the right,
8. Mahatma Gandhi portrait and electrotype (50) watermarks,
9. Number panel with numerals growing from small to big on the top left side and bottom right side.


Reverse (Back)

1. Year of printing of the note on the left,
2. Swachh Bharat logo with slogan,
3. Language panel,
4. Motif of Hampi with Chariot,
5. Denominational numeral ५० in Devnagari.

The dimension of the banknote will be 66 mm x 135 mm. Last year, the Reserve Bank of India (RBI) in December had said that it will soon be coming up with new currency notes of Rs 50 and Rs 20 denominations with numerals in ascending size in the number panels and without intaglio printing.

New Thread: How not to fail in stock markets:11 lessons-Jhunjhunwal

From : Yatheendradas C.k. at 05:33 AM - Aug 19, 2017 ( )

How not to fail in stock markets: 11 lessons from Rakesh Jhunjhunwala

Rakesh Jhunjhunwala is widely referred to as the Indian Warren Buffett. The investment maestro is very popular for picking up stocks that could turn into multibaggers. we take a look at 11 key lessons on the stock market from the big bull investor himself, which may help investors to stop failing in the stock markets, cut losses, and turn profits.

By: FE Online | Published: August 19, 2017 12:35 AM

Rakesh Jhunjhunwala is widely referred to as the Indian Warren Buffett. The investment maestro is very popular for picking up stocks that could turn into multibaggers, based on his own study of fundamentals and research models. Rakesh Jhunjhunwala is a Chartered Accountant by qualification and a trader by profession.


With the stock markets on fire of late, many investors who could not invest before the bull run began must be wondering if they have missed the rally, for the benchmark indices Sensex and Nifty have already returned about 20% each so far this year. But worry they must not, for, here we take a look at 11 key lessons on the stock market from the big bull investor himself, which may help investors to stop failing in the stock markets, cut losses, and turn profits.

  • I have learnt two things about the press and wives. When they say something – don’t react.
    • Investors often go by stock recommendations in the newspapers and media all across but they seldom study the fundamentals of the business concerned. Such investors often end up making losses, as they are unable to gauge the factors which may hit a particular stock.
  • Anticipate trend and benefit from it. Traders should go against human nature.
    • Many-a-times, traders or investors follow the herd mentality by buying the stocks in which most of the other people are buying. This is not a good practice as the objective of investment may vary from person to person and from time to time. So do ask yourself why you are buying a particular stock.
  • Invest in a business, not a company.
    • Generally, investors do the opposite, that is, if a stock of a particular company excites them they buy it without knowing the details of the business and without studying the nature of the business.
  • Make the investment when the stock is not popular.
    • Most investors lack this acumen because often they do not want to examine or investigate a business before buying shares. People buy shares of a company when it becomes as popular — when the street vendors also start talking about it.
  • If you see an opportunity, grab it today!
    • Don’t wait too much for the right time. If there is an opportunity where money can be made then grab it immediately before it is gone. But this doesn’t actually mean that buying a bread without looking on its expiry date.
  • Learn from mistakes. Learn to take a loss.
    • Investors should always make a deliberate attempt to learn from the mistakes which they make in stock markets as every mistake will be a lesson in itself. Investors should also learn to digest losses because one’s profit is loss to other and vice-versa.
  • Always go against tide. Buy when others are selling and sell when others are buying.
    • Try to buy on dips at the time when market are correcting. Through this you will end up buying more quantity against the people who buy when the market rallies. When most people are selling, then you may get a stock at cheap prices!
  • Emotional investment is a sure way to make loss in stock markets.
    • Don’t stick to a company on the emotional front for silly reasons such as: “this was my father’s favourite company”, or other such reasons. Always fall in love with the business which has potential to grow and make your money grow. Try to keep your emotional quotient away and proceed as a rational person.
  • Blindly following stock picks by big investors is not a wise thing to do.
    • Investors habitually get into following the rumors of investment by big names, for instance deciding to buy a stock if a big investor has bought it. This doesn’t necessarily guarantee a good return. Most often the news stories of a big name buying into a specific stock breaks out after their exit or when they are nearing selling the stock.
  • Give your investments time to mature. Be patient for the world to discover your gems.
    • People usually buy and sell stocks in quick succession. Investors do practice this for short-term gains but end up making losses. Seek an investment for a longer time horizon and let your investment mature.
  • Have some cash in hand so that you can grab the opportunity when it occurs.
    • Always have some spare cash in hand in order to grab an opportunity as and when it arrives. Very often, investors put all of their money in the stock market, which is a bad practice as the history suggests that flexible returns are always cyclical in nature.

New Thread: A wonderful prayer for those above 40.

From : Yatheendradas C.k. at 05:25 AM - Aug 19, 2017 ( )

A wonderful prayer for those above 40...

Almighty God you know that I am growing older.
Keep me from becoming too talkative, from repeating all my jokes and anecdotes, and particularly keep me from falling into the tiresome habit of expressing an opinion on every subject.
Release me from craving to straighten out everyone's affairs.
Keep my mind free from recital of endless details.
Give me wings to get to the point.
Give me the grace, dear GOD, to listen to others as they describe their aches and pains.
Help me endure the boredom with patience and keep my lips sealed, for my own aches and pains are increasing in number and intensity, and the pleasure of discussing them is becoming sweeter as the years go by.
Teach me the glorious lesson that occasionally, I might be mistaken. Keep me reasonably sweet.
I do not wish to be a saint (Saints are so hard to live with), but a sour old person is the work of the devil.
Make me thoughtful, but not moody,; helpful, but not pushy; independent, yet able to accept with graciousness favors that others wish to bestow on me.
Free me of the notion that simply because I have lived a long time, I am wiser than those who have not lived so long. I am older, but not necessarily wiser!
If I do not approve of some of the changes that have taken place in recent years, give me the wisdom to keep my mouth shut.
GOD knows that when the end comes,
I would like to have a friend or two left.
Sourse : email


New Thread: Thoughts for the Day August 19th, 2017

From : Yatheendradas C.k. at 05:17 AM - Aug 19, 2017 ( )

9th August, 2017

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New Thread: Will old Rs 50 currency note still be valid?

From : Yatheendradas C.k. at 09:44 PM - Aug 18, 2017 ( )

Will old Rs 50 currency note still be valid? Here is what RBI said

Now that the RBI has announced the new Rs 50 note, the bigger question is what will happen to the old Rs 50 notes? Will they still be valid or will you have to get them exchanged from the bank?

By: FE Online | New Delhi | Published: August 18, 2017 7:38 PM

The Reserve Bank of India (RBI) today announced that it will introduce Rs 50 currency notes in new series. According to a statement by the central bank, the new notes will be in the Mahatma Gandhi (New) Series, bearing the signature of Dr Urjit R. Patel, Governor, Reserve Bank of India. As much as the people are excited to have a glimpse of this note, they haven’t totally recovered from the horror of demonetisation. The new series bank notes have been announced eight months after demonetisation declaration by PM Narendra Modi when new currency notes of Rs 2000 and Rs 500 were launched and the old Rs 500 and Rs 1000 notes were scrapped.

Back then, there were long lines outside the ATM machines with people waiting for hours to withdraw money. The banks were flooded with mobs trying to deposit their old Rs 500 and Rs 1000 notes. Above that, there were deadlines for everything. So, now that the RBI has announced the new Rs 50 note, the bigger question is what will happen to the old Rs 50 notes? Will they still be valid or will you have to get them exchanged from the bank?


Well, there is nothing to worry about this time as the RBI has made things clear through its official statement. In its statement, RBI indicated that the old notes of denomination Rs 50 will continue to be legal tender. This will ensure that all ban anxieties in the public are lifted. So you can relax and enjoy the weekend with your family without the tension of heading to the bank on Monday morning.


As far as the new Rs 50 notes are considered, they will be fluorescent blue in colour. The new denomination has the motif of Hampi with Chariot on the reverse, depicting the country’s cultural heritage, the statement reads. RBI has kept the base colour of the note Fluorescent Blue and it also has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse.

New Thread: Stock tips: Sebi gets Trai help to check fraudulent SMS

From : Yatheendradas C.k. at 09:40 PM - Aug 18, 2017 ( )

Stock tips: Sebi gets Trai help to check fraudulent SMSes

Markets watchdog Sebi today said it has got help from telecom regulator Trai to curb fraudulent bulk SMSes that entrap gullible investors with stock tips promising huge financial gains.

By: PTI | New Delhi | Updated: August 18, 2017 8:25 PM

Markets watchdog Sebi today said it has got help from telecom regulator Trai to curb fraudulent bulk SMSes that entrap gullible investors with stock tips promising huge financial gains. Trai and Sebi collaborated closely to review the existing regulatory framework and industry practices to help in reducing the vulnerability of the securities market to manipulation through misuse of mass communication device like bulk SMS, the markets regulator said in a statement.

The collaboration followed Sebi seeking attention of the Telecom Regulatory Authority of India (Trai) that has been entrusted with regulation of telecommunication services to protect interests of consumers and the public at large.

Sebi observed that there are increasing instances of bulk SMSes being sent to investors and the general public inducing them to invest in or purchase the stocks of certain listed companies, indicating target prices and giving fraudulent and misleading or false information.

According to Sebi regulations, investment advice and stock tips can only be given by investment advisors and certain other entities that are duly registered with the regulator.

“However, the main challenge faced by Sebi in this context was the lack of reliable information on the identity of senders of such SMSes, which created roadblocks for Sebi in taking necessary enforcement action against them,” the markets watchdog said.

New Thread: Thoughts for the Day August 18th, 201

From : Yatheendradas C.k. at 05:25 AM - Aug 18, 2017 ( )

18th August, 2017

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New Thread: Equity market offers little spark in the short term

From : Yatheendradas C.k. at 05:34 AM - Aug 17, 2017 ( )

Equity market offers little spark in the short term


Weak financial performance, anaemic corporate capex recovery are main drags

After gaining 23 per cent year-to-date till July, the Indian equity market is likely to struggle upwards, going ahead. Both time and price corrections are also not ruled out due to high valuation, disappointing corporate performance, and weak outlook of corporate capex recovery.

Expensive @21x times

Benchmark index Nifty 50 has already declined 2.4 per cent after hitting a new record at 10137.85 on August 2.

The Indian equity market looks expensive at 21 times FY18 estimated earnings, brokerages said. Bank of America Merrill Lynch remains cautious due to high valuation and has a Sensex target of 30,000 for December, which implies a 5.5 per cent downside, from Wednesday’s closing of 31,770.89.

Kotak Institutional Equities pointed out that underlying conditions in several sectors, such as banks, information technology and pharmaceuticals and the broader economy continue to be weak given the performance of India Inc in Q1. It expects Nifty 50’s earnings to grow only 1.5 per cent in FY18 after it reported 8.4 per cent year-on-year decline in Q1 and downgrades are expected in several sectors such as banks, metals & mining and pharmaceuticals. There is little evidence of a strong turnaround in the economy, which can drive volume growth,” it said.

Deutsche Bank had earlier said that almost 40 per cent of its coverage companies have disappointed in the June 2017 quarter and only 26 per cent surprised positively. “Micro factors are not as favourable as macro,” it said.

Poor utilisation

There is also weak outlook on pick-up in private corporate capex given poor industrial utilisation, according to Bank of America Merrill Lynch.

Government spending is also expected to be limited as the fiscal deficit reached 81 per cent of FY18 target in Q1, compared to 61 per cent in the same quarter last year, and there is uncertainty over indirect tax collections post GST.

Markets are slaves of earnings growth, which, in turn, is driven by good financial performance and pick-up in corporate capex.

New Thread: Thoughts for the Day August 17th, 2017

From : Yatheendradas C.k. at 05:27 AM - Aug 17, 2017 ( )

16th August, 2017


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