Sell,Sell,Sell this was the momentum in the market.The bears plummeted the market to a low in a month. the market went down to it’s lowest in nearly 5 weeks.
Biggie:Bharti Airtel @313.45 @1.2%UP
Sloppy:Hindalco Inds. @firstname.lastname@example.org%DOWN
Tag Archives: nifty
Bears haunt dalal street. the markets went down down down today the negative sentiments around the world sparked of the selling behavior today.This negative momentum was witnessed throughout the asian markets and is expected in other markets around the world.
Biggie: Bajaj Auto @1,581.45 @0.9%UP
In the present context of time and based on the scenarios and political views around the world one thing is for sure.The future of the world economy depends heavily upon China,India and to some extent Brazil , Turkey and etc..,. so the investors around the world have nowhere to go other than the Asian countries for great returns.so, what happens? the fii’s galore in the respective stock markets . In India the stock markets are zooming ahead and the major reason that was stated “FII’S”. yes, they are a good news to the market but the other side of it is the markets become very much dependent on the foreign investors rather than domestic investors which brings in the importance of a balanced economy around the world.which is an huge thing to achieve.so the dependence has to restricted by the controlling body SEBI.eventhough there are guidelines for FII’s the market is still a haven for foreign investors.the Government of India in a divestment mode does not want to stop the FII’s and there is a very meagre chance for stringent rules to come from SEBI.
i think SEBI knows this
“But better late than never”
The power grid corporation’s FPO is part of the disinvestment strategy of the Government of India . as of now Government holds 86% of the shares and after the FPO it would come down to nearly 69%. The price band has been fixed at Rs.85-90. an discount price considering the current market price of Rs.102(as of Wednesday). a further 5% discount is also being given for employees and retail investors.at the present juncture of time the fpo is subscribed 1.72 times. the power grid corp shares are volatile in the starting days of trading this week.it reached a low of 98 and reached a high of 104 and now stands at 102. so as per analysts and market pundits the power grid is an good option to buy and if you are lucky enough to get a lot. do not forget power grid fpo is coming after the successful ipo of coal india limited and this shows that the Government is making hay while the sun shines. they are dis-investing at the right time when the market mood is upbeat. i think this process of disinvestment would continue until the lemon is squeezed tight enough.
As for power grid corp fpo is concerned i got one word for you BUY