Investors should learn to encash market momentum
How sensitive are you? If you don’t know the norms of taking the roller-coaster ride – here’s a primer for you to know it better, as the bourses this time took just six trading days to scale up from the 16K to 17K level (purely a demand driven by liquidity – according to R. Swaminathan, National Head of Mutual Funds, IDBI Capital) – while the journey from 14K to 15K took as much as 143 days.
Certainly the market is all set for more such shocks and thus it’s time for the investors to beware! Now it’s about to reach the 18K mark! But is this recent skittishness in the Sensex only due to the Fed rate cut and leadership shown by Reliance (both Mukesh & Anil camps)? Quite a few agree to the latter but there are exceptions too! “The Fed rate cut was the triggering factor. Leadership by Mukesh & Anil cannot be acknowledged suddenly,” Anil Mascarenhas, Editor, India Infoline told 4Ps B&M. Among the promising counters – the Reliance brothers’ companies appear to be a buyers’ delight. A lot of euphoria on scoring on market cap, getting closer to the richest man in India et al adds to the unnecessary explanations of the market rise. Sachchidanand Shukla, Chief Economist, Enam Securities Pvt. Ltd. puts forth his views to 4Ps B&M as, “The current rally largely owes to the Fed rate cut which translates into increased funds flow into the Indian economy. And yes, this rally has been narrower, in the sense they have been driven by a handful of stocks.” We can easily guess whom he pointed as these ‘handful of stocks’? “Reliance Industries, exhibited a major share of the Sensex movement, has contributed more than 2,000 points in the last 7,000 points rise, really a flavour of the investors in the market,” clearly states Swaminathan.
How sensitive are you? If you don’t know the norms of taking the roller-coaster ride – here’s a primer for you to know it better, as the bourses this time took just six trading days to scale up from the 16K to 17K level (purely a demand driven by liquidity – according to R. Swaminathan, National Head of Mutual Funds, IDBI Capital) – while the journey from 14K to 15K took as much as 143 days.
Certainly the market is all set for more such shocks and thus it’s time for the investors to beware! Now it’s about to reach the 18K mark! But is this recent skittishness in the Sensex only due to the Fed rate cut and leadership shown by Reliance (both Mukesh & Anil camps)? Quite a few agree to the latter but there are exceptions too! “The Fed rate cut was the triggering factor. Leadership by Mukesh & Anil cannot be acknowledged suddenly,” Anil Mascarenhas, Editor, India Infoline told 4Ps B&M. Among the promising counters – the Reliance brothers’ companies appear to be a buyers’ delight. A lot of euphoria on scoring on market cap, getting closer to the richest man in India et al adds to the unnecessary explanations of the market rise. Sachchidanand Shukla, Chief Economist, Enam Securities Pvt. Ltd. puts forth his views to 4Ps B&M as, “The current rally largely owes to the Fed rate cut which translates into increased funds flow into the Indian economy. And yes, this rally has been narrower, in the sense they have been driven by a handful of stocks.” We can easily guess whom he pointed as these ‘handful of stocks’? “Reliance Industries, exhibited a major share of the Sensex movement, has contributed more than 2,000 points in the last 7,000 points rise, really a flavour of the investors in the market,” clearly states Swaminathan.
Source : IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
up a real estate empire with DLF, he has created history of sorts. The latest buzz is about K. P. Singh’s foray into the booming telecom sector. Though the company refused to confirm the news, sources revealed that DLF is on the verge of approaching the Department of Telecommunications (DoT) for a unified access service (UAS) licence for telephone services.
not to think of Satyam Computer Services Ltd., that has over the years grown to become an IT stalwart competing with the best; and has today found a place amongst the top five Indian IT firms. Last year has been an exciting year for this IT genius, as it has been busy cementing its presence worldwide with its acquisitions of UK based Infrastructure Management Services, niche player Nitor Global Solutions Ltd.; opening up a solutions centre in Brisbane, Australia; and advancing its investments in Malaysia foreseeing it to become Satyam’s largest business hub outside India. Its competitive services also clinched two prized multimillion dollar IT contracts with the popular International Football Organisation, FIFA, and an agreement worth $1 billion with Fujitsu Services. “Satyam’s early adoption of strategic deals as an area of focus is resulting in larger and longer term engagements. We continue to win and ramp-up our engagements with strategic clients in our efforts to enable business transformation,” avers B. Ramalinga Raju, Chairman, Satyam. With a global presence in 57 countries across six continents, alliances with over 90 business and technology leaders across the globe, Satyam is surely going global on the lines of other Indian IT biggies like Infosys and TCS. 
person who is a pioneer ‘four times over’ and yet carries that air of humility around himself; making the person on the other side feel so comfortable. In reality, whether you catch up with him before or after his presentation, inside or outside his office, he’ll never make you feel that he, Raman Roy is actually the ‘Father of the Indian BPO Industry’. Today, Raman Roy has already helped his previous employers – from American Express to GE to Wipro Spectramind – implement outsourcing strategies, making their respective BPO businesses a major revenue earner for them.