As I wrote in a previous note although my fundamental bet is that the next year could be difficult in terms of the percentage return expectations from the markets given the fact that specifically the Indian markets today are trading at around 15x consensus 2011E earnings. However technically the picture is turning much more bullish. […]
Read MoreThe Dubai World debt repayment freeze crisis has hit the world over the last three days and has caused significant damage to the markets over this period. Should this be of any major concern and will it have any lasting impact on the markets, I really do not think so. I think most people have […]
Read MoreOn an overall basis India is set to grow aggressively over the next few years. However there is one segment of the economy which is getting totally mismanaged and there is no emphasis on any structured manner of either improving agricultural production or dealing with issues like drought, excess rain etc. Indian agriculture even after […]
Read MoreOver the last couple of days more than 5 large Chinese banks have filed for raising fresh equity in order to support their balance sheets after a year of break neck lending in which the Chinese banks have set a record on new loans. The magnitude of this fund raising is likely to be very […]
Read MoreThe maximum number of questions I face these days are related to the valuations of the market and the fact that most people are of the opinion that valuations are stretched and thus do not leave too much room for appreciation. My answer to this is that at the first stage of a bull impulse […]
Read MoreOver the last few days there has been lot of debate going on regarding the moves by some countries in trying to control capital inflows. The top most and largest country to do this at this point of time being Brazil. There has also been debate on this issue in India and a number of […]
Read MoreOver the last few days as the corrections unfolded in the equity markets globally the predictors of doom came out and started talking about the reversal of the US Dollar Carry trade and that the USD was likely to bounce back sharply over the next few weeks and months which will lead to a huge […]
Read MoreWe have seen correction unfold in the equity markets over the last few days after the significant run up seen over the preceding few months. After reaching a level of around 5200 for the Nifty and 17500 for the Sensex the markets have been correcting over the last few days. The reasons for the same […]
Read MoreAfter a 100% rally from the March bottoms the markets today look to be wanting to pause. The rally from the March bottoms has been fuelled by a variety of factors which includes an unprecedented flow of cheap money into the global monetary system, the bottoming out of economic performance and a sharp uptick in […]
Read MoreCirca 2015/2017, some 5-7 years from today a newspaper headline says – The CERC (Electricity regulator) imposes a Rs 1 rupee floor on the rate of traded power. The supply of power in the spot market far exceeds demand. A majority of new merchant power plants operate at below marginal cost. The cost of power […]
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