PMI data Purchasing Manufacturing Index was released for European countries and India Summing the data Indicates 80% Of The World Is Now In Contraction. Chinese stock market last week made 3 year low, as i always say stock market discounts news well in advance and on Sunday we got the news Chinese PMI contracted first… Read More »
Despite the policy paralysis and slowdown in the economy, FIIs have invested their highest ever amount on a year-to-date basis in 2012. According to a report by BNP Paribas titled ‘Solving the FII riddle’ authored by Manish Raychaudhuri and Gautam Mehta net FII investments till early August 2012 in the country stood at $10.7 billion.… Read More »
“Even if the GDP growth number is at 5.5 percent – much above the market expectations, there is no doubt that the country has fallen into a low growth trap due to a continuing fall in fresh investments. The combination of high growth in construction activity and low growth in manufacturing is worrisome from the… Read More »
Faith in your system = Belief through back testing + Experience of winning with it for years Whether any individual trade is a winner or loser should not influence your faith in your system and trading method. You should trade in a way that each trade is just one trade out of the next 100.… Read More »
GAAR panel draft report came up yesterday and the changes proposed by Shome panel are market friendly. Read the report by clicking on the link. Fed chairman at Jack Holes did not disappointed the market by saying QE 3 on cards but did not announced at Jack’s Hole meeting. Read the Fed speech by clicking… Read More »
Foreign investors have been offered long-term certainty in tax laws, including postponement of the controversial general anti-avoidance tax rules (GAAR) until at least 2016-17. A committee set up by Prime Minister Manmohan Singh to examine all aspects of taxation of foreign investors has also recommended that tax certificates issued to them by the Mauritius government… Read More »