Reason-1 All market moves up because of high liquidity. hence apart from fundamentals it is the technical analysis that the basis of investment. In short human mind analysis or technical analysis is what drives investment in any scrip and not just fundamentals. Fundamentals constitute only 10 percentage of investment reason in a particular scrip, while 90 percent is based on human whims and fancies. Indian market is driven by liquidity generated by Indian financial institutions and FII. Indian investors are flush with money due to our improving service sector. so still the market is moving up. FII may or maynot put the fund withdrawn from western markets into indian market.
Reason-2 Indian market is partly independent of western market because we have our own consumers who can drive an ecconomy. so we are more or less self sufficient. markets will go up till some of our loans are defaulted by common man. but still these defaults are secured by assets and hence fall will be short lived. only reason our stocks will fall is when our traders are flush with fund and want to take a break for vacation.
Re: Why Indian stock market is going up
by ashok vidyarthy on Sep 30, 2008 03:28 PM
There would be a significant crash tomorrow ....watch it ..... today's rally was to suck in the funds of the speculators and bring the sensex down drastically tomorrow.
I think this is not serious only for US but for whole world. As many economies rely on US and moreover when there is problem with Financial institutions, it affects all sectors of the industry and not just finance. So hope and Pray that something comes up really Fast to save US and us also.
this is a historical moment. the invincibility of american capitalism and awsome power of its banks are over. world's money market will never be same again.american banks may recover somewhat but there are going to be a lot more destruction for years and they will never be same again.in short ,america will gradually cease to be the financial superpower of the world.
Re: american crisis
by Govind Patel on Sep 30, 2008 01:23 PM
Thats what is the loser's impression of America. It doesn't descriminate between non-americans and americans. everyone gets rewarded the same for their effort. Its easy to point finger at someone.
Re: american crisis
by rajesh on Sep 30, 2008 01:08 PM
before rising your finger towards some one,just look at your end. you are claiming that americans are arrogant n idiots,then what you are???don't u called a idiot for using such abusive words in a public forum???
Re: american crisis
by Adobe on Sep 30, 2008 01:12 PM
Looks somebody z cribbing! It is dollars, some ppl like you crib but do the work! Tell me ... will you accept to do some work for a couple of dollars which I reject as unjustified? That is the problem with Indians.... Now you go ahead crib and work!
Re: Re: american crisis
by rajesh on Sep 30, 2008 01:21 PM
because of USA(directly/indirectly) crores of people in india are getting there daily bread and butter.we (indians)should be thankful to them. many may say that we are far better than americans, i would ask them in what way we are better than them??? our IT companies all are dependent on USA,our markets(BSE/NSE) is dependent on USA.
I think rediff should not publish this kind of article to confuse the indian investors. you see indian market is independent of US market. now it is trading 180 points or 1.5% up.
Re: Why is this article?
by Sudharsan on Sep 30, 2008 02:00 PM
Myopic view. Just wait and watch. The FII had made huge loses from buying securitized subprime loans and they need to pull in money from other global investments.
See the last sent of an American, how much confident he is looking, whether his expectation from the Govt will work or not...whether the crisis on American / Global economy will go away and so... But this is only the CONFIDENCE, which works in our body language, which push us to fight in such condition also... i salute to this kind of behaviour... Just see again, the last sentence, n I expect that we Indians to say n behuave in such mode...
"I still think, and would like to think, that America has not failed yet. It is 15 years ahead (of the world) in whatever it does. Only that gap is now reducing. America is innovative and knows how to use others."
Re: See the last sentence of the American...
by kumaran kumaran on Sep 30, 2008 06:51 PM
you are right, yes Americans are very good in making money by sitting on others head. They will make money by riding on us. So far we are working for America and they paid us " ". Just recall 20 years back, most of Americans would not knowing about INDIA.
The system in the financial institutions wants to convert fresh management graduates (who cannot even manage their pocket money) to wheeler dealers just beacuse they crunch numbers than others. The system is to be blamed. Financial prudence doesnot come from data analysis. It comes from years of hard earned experience and from seeing the cycles of economy. A management graduate who gets 5 times the salary his father ever made will only be bullish about the world around him and will make the wrong decisions.
Re: Who is to be blamed
by ashok vidyarthy on Sep 30, 2008 12:56 PM
Xcatly......that is exactly the case. How ...just how can you let a management graduate who is only trained to play around with numbers ... and who just knows a bit about GDs (group discussions) and knows to throw around financial jargons to understand how business is to be done .... WITHOUT sweating it out on the shopfloors and getting the grind from customers after travelling miles for a sales call?????
You know what MBA stands for ... much below average .... The entire scenario has been created by MBAs .... who, without actually having worked specifically have been given positions where they call the shots. Just see what happens to them now .... high pay and fantastic purchasing powers ....huh ... if and only if you have a job .....hehe
Re: Who is to be blamed
by A Bc on Sep 30, 2008 02:34 PM
Dude - just because you couldn't make it to an MBA course, there's no need to take it out on those who beat you to it... I mean - you tried and you failed - get over it..
Re: Who is to be blamed
by sandeep narang on Sep 30, 2008 12:48 PM
The management Grad is only there to make decisions based on the policies/regulations made by the Fed/SEC...Why blame the youth?...He's only a part of operations....The actual decisions come from the 'fathers of the economy' due to lack of fair regulation.
Re: Who is to be blamed
by vikram chauhan on Sep 30, 2008 12:46 PM
Thank God ......Sardar Manmohan Singh is handling & heading our country ...the most experienced and reverred person in the Indian Finances...I was quite worried when he was in america about the fact what if, Bush tells him to be finance minister of USA also.
It is clear from the article that the so called 'first person' is some low level bean counter..who just pushes keys at his managers behest..who has no real clue as to what is happening in the markets..nor has the ability or capability to. The view is almost the same that a sweeper or janitor at Bank of America will have. Is that all rediff.com could muster..my guess is its just some distant relation of Sheela Bhatt of no consequence whatsoever.
I think all markets are predicted using americas.. Why the hell is that? Other countries can have their own stock markets rite? why not be independent? All downfalls are attrubuted to Americas.. why? other countries are dumb markets or what?
Re: America & Market
by vikram chauhan on Sep 30, 2008 12:41 PM
actually THE WORLD , minus america thinks that the america is the TOP BOSS , TOP RICH , TOP DECIDER , TOP-OF-ALL ....thats why we all have fallen prey to these highly arrogant AMERICANS. Days r not far when AMERICA will taste the same pie as did USSR.
Re: America & Market
by rajesh on Sep 30, 2008 01:38 PM
america is still the TOP BOSS,TOP RICH,TOP DECIDER, TOP-OF-ALL.. it will take some millennium to other countries to reach its position
Re: America & Market
by bishal kay on Sep 30, 2008 02:30 PM
America is a top war monger, top intruder, top arrogant, top lair and finally topless. Now uncle Bush will attribute this downfall to Bin Laden and start bombing some poor country in the name of combating terror.
Re: America & Market
by fun guy on Sep 30, 2008 12:52 PM
Yes India is independent you see india market it is 180 points up (1.5%). that is india and independent india.
Re: America & Market
by rajesh on Sep 30, 2008 01:35 PM
as your name sounds your really funny mr.fun guy. today markets are positive coz of FII's,visit NSE india's website tomorrow you will come to know.india is independent damm man you are so great to say that.if india is independent how come many IT companies stopped recruitments,hikes and started laying off people.why real estate prices has come down drastically??
We must thank and appreciate that Indian banking sector is fully intact because it is fully guarded by RBI and other regulatory measures . How much we may crib or whatever we may crib about our country but one thing has clearly emerged that how poorly and how badly americans & europeans were running the financial institutions just like illetrates . The day is not far when american / european bankers will visit India to study the strudiness and logical handling of the Indian banking sector.
Re: american financial mess !!!
by rajesh on Sep 30, 2008 01:30 PM
what a joke mr.chauhan.. you are claiming our RBI and our banks are best... wow!you should try in indian laughter challenge program. do you know how many indian banks are in the worlds top 100 banks?? it is only 3 banks,in top 38,top 56 and top 89 positions. RBI,which feels rising interest is the only solution for taming the inflation
Re: american financial mess !!!
by sandeep narang on Sep 30, 2008 12:52 PM
Absolutely! We never believed in unregulated market be it Banking, Telecom, Power, Ports, Airports... That's why we have a Regulatory body in each sector with enuf teeth and good policy making to manouvre the system!
Re: american financial mess !!!
by Govardhan Brown on Sep 30, 2008 11:21 PM
Sandeep, I wonder if you realise the irony in your last phrase, "manouvre the system" Remember how the Telecom scene is being "manouvred", by a ministry that is riding roughshod over the policies of TRAI? A certain company got a telecom licence for Rs.1250crores when the same was worth over Rs.6000 crores.
Re: american financial mess !!!
by kiran patel on Sep 30, 2008 01:34 PM
Hi Vikram,
You know about "FED", it is the federal regulatory body of all the banks in US. It is just like "RBI" in india. All the financial matters are taken care by "FED" in US. Nothing is unregulated in any country, each one has their own regulatory bodies. Well, current subprime crisis occours due to money was given to customers with poor financial records. They delcred themselves bankrupt and as per US laws if you delcare your self bankrupt no one touches you without intervention from government bodies. It is not like in india where Goondas from bank come at your place to recover your credit card or loan dues!!! Well I am not a bid admiror of US but it is the way all works there....
Re: american financial mess !!!
by rajesh on Sep 30, 2008 01:40 PM
well said mr.kiran the above type of morons are best examples for the half knowledge people
