Capitalmind
Capitalmind
Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial

Month: August 2013

4 / 9

Bond Markets Crash, All Yields Above 9%

Bond markets are in a tizzy. The 10 year bond is now close to 9.25%. And that doesn’t even tell you the story – all other bonds, I mean every single one of ...

The Government Is Borrowing for One Month at 12.24%

The safest rupee investment is (not the dollar) the central government debt. Because indirectly they own the printing press that prints the rupee. And that ...

NSEL Defaulters are Peons, FMC Is Ticked Off, NSEL Subsidiary is owed 1160 cr. in Settlement

Kirit Somaiya (ex BJP MP) has found that the directors of Juggernaut Projects, one of the lenders to NSEL are peons at Motilal Oswal, earning Rs. 8000 per ...

Volatility Increases: 12 Big 2% Moves in the Nifty in 2013

I was complaining about there being no big days on the Nifty in 2013 in April 2013, but boom, has that changed! This had moved to six in June 2013, and in the ...

US, Indian bonds Hit Year-High Yields, Markets Tank on Capital Control and Debt Exit Fears

Markets are down over 2% and Banks over 3%. There are reasons, and some of them were the capital controls imposed on Wednesday, and the fact that Chidambaram ...

Links: IPO to Invest in NSEL, MCX Brokers Demand Cash Back, Gold Stocks Might Be Hit

A quick note to say I’m in the Trader’s Carnival 2013, and my talk is over. If you have any feedback please let me know. Will upload slides soon. In ...

RBI Says You Can’t Buy Property Abroad or Gold Coins, Increases Capital Controls

The RBI has now introduced more capital controls in order to protect the rupee from sliding further. The Rupee closed at about Rs.61.4 to a dollar on ...

NSEL Modifies Settlement Plan to 30 Weeks, Adds a Balloon Payment at the End

Remember when NSEL had said that it owes brokers 5,600 crores, and out of that around 2,000 cr. was going to be paid immediately, while about 3,300 cr. would ...

WPI Inflation Jumps to 5.79% Which Still Looks Too Low

Even as CPI inflation was close to 10%, the wholesale price index based inflation for July 2013 came in at 5.79%, much higher than last month’s 4.86%. The ...

Gold Duty Increased to 10%, Even as Gold Imports Slow

So it doesn’t look like gold imports are coming down in any way. The government has increased customs duty on Gold to 10% (from 8%). Additionally, excise ...