It was a long but absorbing Mentoring Saturday,October 8,2016 at the NSE BKC Boardroom with the graduates of the Exchange’s 11 month long Wealth Management Program…Fundamental Equity Sessions ,with the latest stats too as of Friday,October 7,2016 & real time online support too covering Market Dynamics,Macros & Micros,Oil,Gold,Leading Rates :Inflation,Interest & Exchange,Union Budget & Economic Reforms,Global Headwinds,FPIs,Valuation,Buffett & Lynch,Beta,WACC…..loads of Company Illustrations….right from 9.30 am straight past 8 pm (5.30 pm was scheduled close) with Tea/Coffee Twice served ongoing & only a break for lunch nearing 2 pm
Just a few days ago I had blogged that the IOC Disnvestment on Monday will be just a formality….But Monday’s Global Stocks Chinese Contagion Capitulation saw a very very poor response to the IOC Disinvestment
It’s a real shame that the Government yet again had to direct/order LIC to bail it out yet again…it would have been a wise idea to defer the issue rather than order LIC to invest in 86% of Issue of Rs 9379 crs bat Floor Price of Rs 387 !…. shoots up LIC holding in IOC by a whopping 8.59% from 2.52% to 11.11%….it’s another issue that IOC is past Rs 400 today on signing a refinery deal with Nepal
Sensex has crossed a record 26000 & Nifty is now ahead of 7700
Typical ~ Equity Investors are piling on at these Highs ~ they need to be cautious ~ especially those who are returning or initiating fresh exposure now not having done so in 2013 or earlier in 2014 ~ advisable to await the post budget scenario as there is a high probability that once euphoria abates the Sensex and Bellwether Scrips may correct 10% or more…the real danger though are the small caps and midcaps that have run up crazy,some over 100% in months…they may correct 25% to 50%…yes that high !
Financial Technologies (FTIL) @ Rs 144 (FV Rs 2)~ A Story of Guts and Glory now Guttered ! ?….though Jignesh Shah ,the Founder Chairman and MD of the FTIL Group (MCX,NSEL and others)states this in his message in the FY 13 Annual Report “….these are tough times the Company is facing and Financial Technologies is making all efforts to come out of such situation”
I don’t own any shares of the FTIL Group but I do have some very good friends and associates who work for it and are extremely wise and forward thinking and manage the FTKMC admirably and who graciously invited me for the MCX Equity Exchange Launch at Hotel Trident where our FM,Mr Chidambaram in his inaugural speech lamented Insider Trading and Speculation but amusingly went on to sound the gong for the Exchange’s first and symbolic Future trade !
On October 5,2012 Emkay Global suffered a Loss of Rs 51 crs on squaring up trades that were executed from a Templeton order punched in by a dealer erroneously in more quantum than it should have been ~ the order was of a value of Rs 17 lakhs but the dealer instead punched in 17 lakhs nos and the order value shot to nearly a Rs 1000 crs ! of which nearly Rs 700 crs was executed before the mistake was discovered and thus had to be squared off
Pune,Lucknow,Bangalore,Mangalore,Delhi,Rajkot,Nadiad,Chandigarh,Ludhiana……have been receiving requests from interested people from all these cities and more for Practical One Day and Two Days Equity Portfolio Structuring and Stock Selection Training Workshops in these cities
Most are optimistic about 2013 and beyond for our Stock Markets and the Indian Economy going forward and want to be positioned to make Monies from this Optimism
To make this happen NOW , as it would be ideal at the beginning of 2013 to position your Equity Portfolio well, would like all your support ~ I shall personally conduct the Workshop along with my Training Team