Saturday, October 18, 2008

Tendulkar at his Best


When the Tough get going they keep going,it was looking like Tendulkar has set himself to make a Big Hundred yesterday but unfortunely he got out,B4 getting out Sachin Tendulkar became the highest run scorer in Test on Friday when he passed his target of 15 runs in the first innings of the second Test match against Australia in Mohali.
Tendulkar scored three runs after tea to move on to 16, giving him a career record of 11,955 runs to surpass the previous mark of West Indian Brian Lara . Lara had scored 11,953 runs before he retired from international cricket in 2007.
How many Times he need to Prove that he is best batsmen we got in the world Today Lets all Congrate him for all the success he has given to us in Cricket

Wednesday, October 15, 2008

Are indices true indicators of Market Condition

Our economy is growing and the Gross Domestic Product (GDP) is predicted to be between a good 7.5% to 8.5% in this year, but then the markets plunged because of the perceptions of the investors and traders, which in turn is influenced heavily by the “herd mentality” causing panic and mayhem in the markets, resulting in the indices shedding points massively. Later the Finance Minister’s addressed the nation on Monday reassuring that the Indian economy is good and the root cause of the present uncertainty is liquidity and not any dramatic change in the fundamentals of the economy. He also stated that preventive steps were being taken to ensure the protection of the Indian economy and an additional Rs.600 billion was infused into the market (see http://www.indiainfoline.com/news/innernews.asp?storyId=81377&lmn=1 for further details). This created a positive wave and the “herd mentality” played its part, but this time, positively, resulting in the stock market indices gaining points.
The indices are supposed to be indicators of the market condition; but the fact that they are also, to a great extent affected by and represent the general perceptions of the investors (noise element) more than the real news or events, can not be ignored.
Thus it can be seen that though the indices SENSEX and Nifty serve as a popular investor’s guide, it is riddled with imperfections which can also lead to confusion instead of providing aid and it is a double-edged sword indeed. So they do indicate the market conditions, but are also to a significant extent, representations of market sentiments (i.e., sentiments of the traders and investors).
And its true that….“It’s ironical that something as huge as a stock market which should be stable as it represents the economy of a nation, is actually extremely volatile since it is driven more by the sentiments of the people

Wednesday, October 8, 2008

Goneguly

His fans think tht he is a warrior, but he is a drink carrierHis fans feel tht he is a god,tell you what he is a kittenHe fires versus Kenya and versus Australia he gets chicken gunyaHe rocks at kanpur but at perth he is poor
Your works are politics and we know your cheap tricks You shit by seeing Bond and Lee..And you do not like chemistry because of many Bond and Bond.They hit you in your rib cage and your protections are like rain guage
Your average versus aussies is twenty threeBut versus Bermuda you break freeTell him the word grass he will runaway wth out addressTell him the name Barbodos he will go out like dodos
His pull shots r funny and he is any ones' bunnyHe roamed with NagmaHis is poor runner but thinks tht he is a winnerWhn will he understand tht he is a poor fielder??
His fans are waiting for his come back But he has already thrown backHis bat is a dumb piece of timberWhen will he stop batting like a plumber!!

Saturday, September 27, 2008

Investment in stocks, debentures and mutual funds grows by 51%

According to the Reserve Bank of India’s annual report, though net household savings in absolute term went up by 8.18 per cent to 5,26,033 crore in 2007-08, as a percentage of gross domestic product (GDP) it is estimated to have fallen by 50 basis points (100 basis points equals one per cent) to 11.2 per cent during 2007-08.
The reason: a robust growth of about 9 per cent boosting GDP during the year.Investments in shares, debentures and mutual funds have seen a healthy growth last year. It also highlighted growing investor preference for riskier but high-yielding investment instruments compared to bank deposits.
The report said that investments in stocks, debentures and mutual funds grew by nearly 51 per cent to Rs 77,073 crore during 2007-08. In terms of share in the household savings it constitutes 10.5 per cent against 6.6 per cent at the end of previous year.
“The flow of household investments into mutual funds and growth in number of accounts with the industry in 2007-08 reflects this trend,” said AP Kurian, chairman, Association of Mutual Funds of India (AMFI).
However, growth is marginal when pegged to GDP—1.6 per cent against 1.2 per cent in 200607.This growth is also not phenomenal when compared to global standards. “In the US, mutual fund corpus size is equal to over 70 per cent of the US GDP,” Kurian added.
Among the other components of household financial assets, assets in cash and investments in insurance, provident and pension funds went up by 21 per cent and 1.72 per cent respectively. But deposits (including bank, nonbank and trade debt) fell by about Rs 10,000 crore to Rs 4,15,245 crore, while claims on government became negative at Rs 27,042, against a positive figure of Rs 40,627 for the previous year, the central bank’s report said.

Monday, September 22, 2008

Travel India




Travel to India and experience a land like no other. The amazing diversity of the different regions of India makes a journey in India an adventure that you'll remember forever. A traveler in India can choose to visit the snow-clad Himalayas in the North of India or the sunny, palm-fringed beaches of the South. The contrast between the undulating sand dunes of the Rajasthan Desert in West India and the dense tropical forests of Eastern India, gives a traveler in India the experience of spanning a subcontinent. Along the way, there's the amazing monumental heritage of India, seen in its glorious temples, magnificent forts, grand palaces and beautiful tombs - best exemplified by the enchanting Taj Mahal in Agra


Travel across India and feel the warmth of the friendly people, the spiritual ambience of religious places, the energy of the vibrant cities, the serenity of the backwaters of Kerala, the holiday atmosphere of the beaches of Goa and the tranquility of the hill stations of India.


Experience the thrill of climbing a mountain, trekking across a snowy ridge, rafting down a flowing river, or scuba diving off coral islands. Feel the excitement of riding an elephant through a forest and seeing a wild tiger. Be soothed by the healing touch of Ayurveda and sense the inner calm of meditation and yoga in India. Feel at home, feel at peace, feel at one with India. India awaits your voyage of discovery.

Its Man World

Winners never quit and quitters never win.” That is the mantra our men who've made a name for themselves in todays world seem to follow. Be it small town boys making it big in the cricket arena or a young entrepreneur leaving his mark in the international market. Today, Indian men are everywhere- the international business market, actors involved in international projects, writers , scientists and singers who have garnered international acclaim and also sportspersons in international sports. They have followed idols and today they themselves are inspiration for the youth. Know about their struggle, achievements, failures and journey to the top.

Saturday, September 20, 2008

ICICI Direct's Pathetic Customer Service


I had only good things to say about ICICIDirect until I ran into a problem and had to contact their customer service! Well, the less said about my experience, the better! But that's what I'm here for, isn't it?
So here's the story. When I opened an account with ICICIDirect, I did so because their website is the most easy to use for starters. Everything is very well organised into different, relevant sections and adequate explanation is given. The speed is also decent.I had heard that their website loads very slowly (or doesn't load at all) in peak conditions, but that doesn't really matter to me since I don't indulge in day trading or BTST trading. I buy shares based on long term recommendations, take delivery and sell when my target is met, or when I don't see any potential in the company's future.I also know that their brokerage is probably the highest in the industry, and the ease of use doesn't entirely justify the excess charges. But I don't trade frequently or in large volumes, so this was fine too.So then what went wrong? ONE DAY i had to transfer my other account share to icici diresct but some people were unaware of the procedures or were casual in their work.But the guys at ICICIDirect just took the cake! No one - and I mean no one - knows exactly the procedure to transfer share of other existing account on a demat account. A new account has to be opened and the shares transferred to it. But the ICICIDirect folks didn't know the exact procedure to go about it. Specifically, I have the following questions:
account can't be transferred. Why is this so?Can someone (preferably from ICICIDirect) please clarify the procedure for me, and for others like me? Not that it matters anymore, because my patience ran out finally and I opened a new demat account with Sharekhan. I will be transferring all my shares to it in the next few days.Sorry ICICIDirect, but incompetence doesn't pay in the long run!