All Drops !~RBI the Repo ~DMK the UPA~ Markets the Sensex ~Cyprus an Economic Bomb !

All Drops !~RBI the Repo ~DMK the UPA~ Markets the Sensex ~Cyprus an Economic Bomb !

Currently the only way to win the Equity Trading & Derivatives Game is by not playing it !

Union Budget 2013 ~ India is a BLESsed Economy…Felt like a stand up comedian as had the house of 400 well informed investors in splits !

Union Budget 2013 ~ India is a BLESsed Economy

Felt like a stand up comedian as had the house of 400 well informed investors in splits !  when I address and interacted with them on Budget Day Feb 28 evening itself at a Budget Review Event jointly hosted by AIVF,JITO and the BSE Brokers Forum at KC College Auditorium

Gaurav Parikh on Dias before his Humorous Address to 400 in the audience On Budget Day Feb 28,2013

Covered this on our Company website as below :

SCRIP STANDPOINT ~ A View

Slide Share ~ The Presentation at the Event to support the Address & Interaction

Union Budget 2013 ~ India is a BLESSsed Economy…Addressed an audience of 400 on Budget Day

Union Budget 2013 ~ India is a BLESSsed Economy…

Enjoyed on the Budget Day Evening itself Feb 28,2013 addressing and interacting with a well informed audience of 400 on the Union Budget 2013 ~ on how the Government plans to make Money to tackle deficits and how we can ! ~ plan to host a few thoughts of my presentation on the company website www.jsalphaa.com and on this blog ~ covered how FM has cleverly and conveniently balanced the budget ~ also covered  the Forward Trends in Equities &  Indices & Gold & Exchange Rate & how Debts & Deficits are forcing Disinvestments & how the malaise continues on our exchanges and it will be some time before the retail investor comes back,if at all ~ spoke on Liquidity,Sentiment,Momentum and Valuation

🙂 Felt more like a Stand Up Comedian as the audience were in splits on some of the budget and stock market situations I presented…

Union Budget 2013 Review Event
 Cheers !

Now I have an official and more compelling and credible excuse to work from Home ! …A record 10% hike in Petrol …Rs 73 to Rs 81/litre range from today !

When Pranab Mukherjee rambled his Union Budget Address mid March 2012,he announced a lower Oil Subsidy Target for FY 13,indicating that  a Price rise in Petrol was inevitable….It’s come a little over two months later just as the Summer Session of Parliament has ended….Petrol from today is in the range of Rs 73 to Rs 81 /litre…up @ 10% overnight…

Now I have an official and more compelling and credible excuse to work from Home !…Did someone say Bus it,Train it,Bike it,Pool it or just walk it ! like Millions do ….in Mumbai !?

Your Office is your Mobile these days….that’s a Virtual Reality…allows one to work from anywhere…by default now from Home too !

Cheers !

Sensex is Low ~ Rupee is Low ~ WE ARE LOW ! ~ Inflation is High ~ Current & Fiscal Deficit is High ~ Oil Prices are High ~ FII & FDI Trust Deficit is High….and yet the Government continues to be on the defensive and keeps claiming pyrrhic victories…and after years now admit Global Macros are severely impacting us !

They say there is Intelligence leakage when Government keeps defending their inability to find sustainable Economic solutions …I disagree !…there has to be Intelligence in the first place for there to have been any leakage !….pardon me for being unkind here…but it truly is frustrating when India continues to squander it’s resources

Sensex is Low ~ Rupee is Low ~ WE ARE LOW ! ~ Inflation is High ~ Current & Fiscal Deficit is High~ Oil Prices are High….FII and FDI Trust Deficit is High…..and yet the Government continues to be on the defensive and keeps claiming pyrrhic victories of GDP Growth rates and Employment Plans and record Foodgrain Production and High Fx Reserves…and after years now admit Global Macros are severely impacting us !….and our near 80 year old  FM,addressing the Rajya Sabha at length today on the state of our Economy keeps living in the Past, referring to past History of 1948 and 1952 and late 1960s …and that another Committee may be formed to look into current Economic issues !….Good Lord ! yet Another Committee !…suddenly the FM  seems to have realised Stark Reality…talks of being pragmatic,realistic and keep eyes on the ground !….earlier there was a psychosis prevalent…ambitious PSU Disinvestment was budgeted…as were lower deficits and higher growth….none achieved….never would have been,when targeted in the first place !….repeated assurances were given as to India remains a Growth Story and not to worry

Now the Government tells us it is a worrisome and anxious economic situation that India faces….Why could they not have been Honest in the First place rather than giving false reassurances…either it was deliberate or it was a lack of vision and intelligence to realise this !

Where are the selfless Economic and Political Luminaries and Visionaries ! ?…India desperately needs you’ll now more than ever !…to bring back on Track of Economic Prosperity a derailed Economy !

Sensex sinks 2.33% and 395 points to close at 16518 retracing all it’s misplaced elation yesterday on deferment of GAAR

Sensex sinks 2.33% and 395 points to close at 16518  at 3.30 pm,although the adjusted close is down 366 points at 16546…..retracing all it’s misplaced elation yesterday on deferment of General Anti Avoidance Rules (GAAR)

Yesterday the Sensex showed a remarkable bounceback from negative to positive to close near 17000 at 16913 just because FM Pranab Mukherjee announced that he was deferring the GAAR by a Year and putting the onus on the IT Authorities to prove tax avoidance

It was like the FM warning FIIs and those who misuse Double Taxation Avoidance Agreements (DTAA)

” Alright I won’t kill you’ll this year but will do so next year !”

…and the Market responded by applauding this lease of Life for a year more !…pretty misplaced

India has DTAAs with 82 countries….Without hiding behind  any DTAA,especially with the one with Mauritius coming under Review,FIIs are now exposed….having to lose their tax advantage which acted as a strong cushion given they had to contend with the  Rupee Depreciation too

Today reality sunk in and the whole bounce back was retraced back to 16500 levels…helped along also by Deputy Governor of RBI stating that with Oil Prices & Inflationary Pressures remaining high,it would be difficult to lower Interest rates further

All 30 Sensex Stocks closed in the Red with those highlighted in Bold Red Below being the hardest hit and interestingly all favourites too…and that’s an ominous sign for further falls

SENSEX 16546 (- 366) ~SENSEX Stocks

Code

Scrip Name

LTP

% Ch.

532977

Bajaj Auto

1493.95

-1.42

532454

Bharti Airtel

314.20

-0.38

500103

BHEL

216.15

-4.86

500087

Cipla

324.95

-0.58

533278

Coal India

334.90

+2.04

532868

DLF

190.05

+0.16

532155

Gail India

324.00

+1.63

500010

HDFC

658.40

-0.78

500180

HDFC Bank

515.45

-3.14

500182

Hero MotoCorp

1897.40

-3.04

500440

Hindalco Inds

117.40

+1.16

500696

Hindustan Unilever

431.05

+0.29

532174

ICICI Bank

830.30

-2.05

500209

Infosys

2391.95

-1.59

500875

ITC

227.30

-3.97

532286

Jindal Steel

484.70

-3.29

500510

L&T

1158.40

-3.70

500520

Mahindra & Mahindra

676.90

-2.05

532500

Maruti Suzuki

1303.05

-0.89

532555

NTPC

156.00

-0.29

500312

ONGC

258.10

-1.19

500325

RIL

708.65

-0.93

500112

SBI

1958.95

-3.32

500900

Sterlite Inds

99.00

-3.46

524715

Sun Pharma

595.70

-0.71

500570

Tata Motors

296.35

-3.88

500400

Tata Power

99.10

-2.60

500470

Tata Steel

427.35

-3.23

532540

TCS

1200.35

-5.77

507685

Wipro

404.15

-1.89

The May Meltdown is On… !