Richard Heald, Vice-Chairman and Amitabh Malhotra, Director of Rothschild spoke about the volatile market, its implications and how this is an opportunity for Rothschild in India. Heald said that rising commodity prices are worrisome. The inflationary pressures are a concern. He advised that corporates should be open to all financing options. Investors in general want to invest in cash generating assets and commodities. With no decoupling other markets will impact India too.
Mark Mobius, the 71-year old investment guru and executive chairman of Franklin Templeton Investments, has a positive view on the Indian market and feels that stock valuations have become attractive after the 27 per cent cut in benchmark equity indices since late January.Stating that it was difficult to predict the end of the current phase, Mobius said he expected the decoupling to continue in the long term.
Market analysts are divided over the current fall in stock prices. While some say it is a healthy sign of a mature bull market, others feel the Indian markets may have entered a corrective phase, which can last for one to two quarters.
Analysts are of the opinion that FIIs who have sold post-Budget, will buy once the market stabilises.
Renaissance Technologies, the world's largest hedge fund firm handling assets worth $35.4 billion (Rs 1,41,600 crore), has received approval from the Securities and Exchange Board of India to operate in the Indian stock markets as a foreign institutional investor.
Rai, who is as tall as Bhave at 5 feet 11 inches, has always been under his shadow, though he has been with NSDL since its inception 11 years ago. Only time will prove if he can grow as tall as Bhave in stature.
India is set to attract huge amount of inflows from global pension and endowment funds as the World Bank's private equity arm International Finance Corporation on Tuesday appointed Mercer, the world's largest fund adviser, to conduct an in-depth study on the Indian corporate sector.
M Damodaran took a bow as Sebi chief after many bold initiatives during his 3-year tenure.
It works like this. There is a section in the US called 144A securities, which was launched in August 15, 2007. Trading in 144A securities takes place only among qualified brokers, dealers and QIBs. Retail investors cannot participate in this segment.
Brokers did not allow retail investors to trade at lower levels, threatened them.
The stock market crash of January 21, when the benchmark indices dived to the maximum permissible limit of 10 per cent within minutes of opening, proved that it was not very difficult to manipulate the stock prices (however liquid they may be) and create a sense of panic among the stock investors.
Several smaller brokerages had no option but to sell their clients' shares to provide for margins. Marketmen said several bigger brokerage houses made stop-gap finance arrangement to pay the margins, in a move to retain the loyalty of high net worth clients when the market looks up.
The move follows the near Rs 60 crore (Rs 600 million) redemptions every month from the US-64 and ARS bonds in the last couple of years.
Some of the world's top hedge funds have been granted direct entry into the Indian stock markets, nearly three months after the Securities and Exchange Board of India imposed curbs on foreign investments through the participatory note (P-note) route.
In this financial year so far, insurance companies have invested around Rs 36,000 crore in the stock markets against around Rs 60,000 crore invested by the FIIs.
Tata Securities is all set to revive stock broking, given the current investor interest in equities.
Infrastructure, capital goods and agriculture-related stocks will continue their sizzling performance in 2008. Moreover, the financial services sector and selective real estate stocks are also expected to give handsome returns to investors in the new year, according to a Business Standard poll of leading brokerage houses.
After the third consecutive year of spectacular gains by the Indian stock markets, which saw the bellwether Sensex climbing nearly 39 per cent, investors can still expect returns of 15 to 20 per cent in 2008, according to a poll among top local and foreign brokerage houses.
Recent days have seen a clutch of local brokerage houses, including Way2Wealth, Fortune Financial Services, Antique Stock Broking, Centrum Capital, Avendus Capital and Ambit Capital, luring analysts and senior executives from foreign brokerage houses and leading local equity broking firms by offering meaningful equity stakes.
If Apple inspired the name selection, the culture within Edelweiss, which has grown from three members to a 1,200-plus organisation in a span of 12 years, is modelled on Infosys.