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Month: August 2013

2 / 9

NSEL Losing Support, Directors Resign, A Disappointing EndGame

National Spot Exchange (NSEL) Chairman Shankarlal Guru, whose son-in-law owns NK Proteins, a defaulter of Rs. 930 cr. to NSEL, has resigned saying “some bad ...

Nifty Snapshot: Technically Weak But Bounce Expected to 5500 at Expiry

The Nifty has just made a lower high and lower low and rebounded back up. Well below the 50 and 200 day moving averages, the Nifty remains in bearish ...

The Fall of the Rupee Was To Launder Money For Elections. Want To Buy A Bridge?

Online sites and twitter are abuzz with talk about big rupee falls in the past, and how they seemed to have happened just about around elections. Between ...

Nifty Earnings Growth Spikes To 16%+

In cheerful news, the Price to Earnings Ratio (P/E) of the Nifty is at 15.79, which at a Nifty value of 5471 gives us an Earnings Per Share (EPS) for the Nifty ...

NSEL Gets Just 8 Cr., FMC Toughens SGF Norms, Jignesh Proposes Haircut, FT Directors Quit

While NSEL paid out Just Rs. 92 cr. out of the Rs. 174 it was supposed to this Tuesday, it is going to be even worse next Tuesday. NSEL defaulters were ...

Tech Trades: Airtel Follows Through, BHEL Sets Up

I asked on August 6 if Airtel was setting up for a technical sell, on a Bollinger band miss and a MACD crossover. Here’s how that worked out: The stock is ...

FIIs Sell In August As Well, now -7,700 cr.

FIIs continue to be sellers in August, though in smaller quantities (till now). A quick chart: (Source: SEBI) This is data till Wednesday. Thursday data will ...

Brokers Were Definitely Guilty in NSEL Fiasco Also: Reader

An alert reader of Capital Mind has called me out on my post that brokers could have been innocent. No chance, he says, and he explains: I was reading your ...

And The Dollar Hits 65 Rupees.

It sliced through 65 like a hot knife through butter. The last data point is intraday, the earlier are RBI reference rates. While this looks like an extreme ...

MSF Rises to 55,000 cr., a New Record

Borrowing under the Marginal Standing Facility (MSF) is going up, as I’ve predicted. Now at more than 55,000 cr. (550 billion) we are in danger of not having ...