Source Jesse Livermore learned the art of stock market manipulation, manipulating the prices of thinly traded stocks, in bucket shops. On March 13, 1925, Arthur Cutten – one of his biggest rivals – accused Livermore of continuing his shady dealings – not in bucket shops – but, very seriously, on the Chicago Futures Exchange. At… Read More »
–wrote Akash Prakash Very Nice Well Thought Article by Mr Akash Prakash What is clear is as follows: 1. Banks will benefit, as much of this ₹ 15 lakh crore in currency will get deposited. Even if only 10 % remains with the banks it means an incremental ₹ 1.5 lakh crore of current and… Read More »
What will GST mean for the Indian economy overall There are a variety of estimates of the benefits of GST to the Indian economy. Firstly, in terms of tax efficiency and reduced compliance, it will be a big boon for business. The secondary impact of GST is likely to increase GDP growth by 200 bps… Read More »
SBIN Unable to close above 2728 stock is heading to 2673/2639/2584. Any close above 2735 stock is heading to 2817. Buy above 2728 Tgt 2756,2780 and 2817 SL 2715 Sell below 2710 Tgt 2688,2658 and 2620 SL 2725 Century Textile Any close below 555 stock is heading to 521. Buy above 574 Tgt 581,585 and… Read More »
The Indian market is more expensive than its peers among emerging countries, with indices tracking these nations showing a lower multiple of earnings than India. The Morgan Stanley Capital International (MSCI) India index is trading at a price-to-earnings multiple (or P/E) of 17.72, according to Bloomberg data. This means that investors are valuing it at nearly 18… Read More »
Railway Minister Mallikarjun Kharge presented the interim rail budget for the next fiscal Wednesday with no hike in fares or freight, introducing 72 new trains and connectivity to two more northeastern states. In what was his personal first and the last such exercise in the 15th Lok Sabha for the United Progressive Alliance (UPA) government,… Read More »
Janet Yellen, in her first speech as new Fed chair “stayed the course” on the Taper: *YELLEN SAYS FOMC LIKELY TO CONTINUE QE TAPER IN MEASURED STEPS *YELLEN SAYS RECOVERY IN LABOR MARKET IS `FAR FROM COMPLETE’ *YELLEN SAY FED TO `CONTINUE TO MONITOR FOR EMERGING RISKS’ *YELLEN: MAIN RATE LIKELY TO BE LOW WELL… Read More »
With two days to go to until dreaded October 17 D-Day (on which incidentally, very little of note will happen, because as Goldman explained earlier today, that is simply the date past which the Treasury can no longer borrow, but still has some $30 billion in cash which could last to fund the Treasury’s needs… Read More »
After a two-day, five hundred point Dow Jones rally on nothing but hope that just because politicians are talking, all shall be well, it was the weekend’s turn, when the market is conveniently closed, for true Congressional colors to emerge. Sure enough, moments ago Boehner told GOP lawmakers that Obama has “rejected our deal”, and… Read More »
Science was put on hold, normally bustling stores went quiet and families depending on government aid feared losing their baby food as a government shutdown rippled across the country. The budget impasse in Washington shut all but essential U.S. government services for the second straight day on Wednesday, while neither political party appeared willing to… Read More »