Double dip recession

just wanted to inform that my post titled "Wonder why US jobs data is overlooked with euro zone worries - double dip is here" is up on following link:
Wonder why US job data is overlooked with euro zone worries

SENSEX | NIFTY follows global markets trades in red

"Weak global cues, greece's economy instability" are the words which are so prominent these days around Indian stock markets. as it is evident since the news from Greece's economy failure came in. Major indian stock indices including Bse's SENSEX and Nifty also closed in red today and remained in red throughout the trading sessions.

The closing stock prices of major indices for today(6/5/2010) is as follows:

Bombay Stock Exchange’s Sensex ended at 16983.55, down 104.41 points. The index touched intraday low of 16823 and high of 17080.47.

Nifty closed at 5090.30, down 34.60 points.

BSE Midcap Index was down 0.53 per cent and BSE Smallcap Index slipped 0.13 per cent. BSE Capital Goods Index was down 1.05 per cent and BSE Metal Index fell 1.03 per cent. BSE Healthcare Index advanced 1.35 per cent.

The Bull v/s Bear daily fight - Market Updates - New Feature

Indian Stock Markets are very volatile as one day there would be bulls around and the next day the bears would take over. The bulls of stock markets are basically the optimistic investor whereas the bear has pessimistic approach to investing.
So i was planning to add a new feature to my blog titled "The Bull v/s Bear Fight".

So here I go starting the fight:

: seems like you are almost dead, I am seeing that you are in dormant state from last 4-5 days and people who feed you are almost finished, God bless bulls of stock markets, BEARS ARE HERE....ha ha aha!

: ha ha ha! grrrrhh!! look i am back and that too with a bang, profit booking is taking a toll on you nad has made you weak and lame.(11/5)

: Oh this is just an instantanous dip and tomorrow would be my day again as fundamentals are with me...(11/5)

: Hey ya i am talking to you ...where are you hiding your dirty face..look my days are back! It was just the time taken by the food to reach me from Europe and look now i have plenty to eat and have already increased my weight by 3 percent WHAT SAY?

: sob sob!! how can this happen No way it's just a spike i'll return back soon and kill you , it's just like i am going in hibernation state will be back...and fight again

: You moron look there is no respite for you i have spread my peers all over the world and they will soon finish you up....hahahahaha!!!


: oh no way it's just like my peers have gone for vacations and once they come back you will repent on your words and at that time there would be no mercy for you ...

: ha ha ha! look i am all over the world markets poor guy your fodder source Greece is now unber me and soon you will die...count your days....(5/5/2010)

: You are mistaken my friend no power in this world can stop giving me food it's just matter of few days as the clouds over Greece's bailout clears I would get ample food and the you have to hide in your cave...just watch and dont be arrogant. my glorious days are coming soon again.(5/5/2010)

Mutual Funds Investing - Evergreen tips for MF investing

Mutual Funds Agents are everywhere nowadays wooing the potential investors, but we should analyse the mutual funds and don't go by the words of these agents.

Always check for the NAV and dividend difference because dividends in mutual funds is our own money and if the dividend rises then the NAV amount decreases by the same amount hence providing no net addition to our hard earned money. So always Have a look at difference between growth and dividend option in mutual funds.

I met with some agents who told that premium can be stopped after 3 years or 2.5 years, which is again a wrong representation and a possible trap. We can stop paying in ULIP schemes after 1 year and would not loose 100 percent of our money so keep in mind that the Mutual Funds agents which tell that we can stop paying premium after 3 years or so is a wrong point as ULIP premiums can be stopped even before 3 years, there is just lock in period of 3 years.

Check out the percentage returns of the mutual funds in last few year's and purchase only if the return is substantially more then the returns from the Stock markets. One should always remember that A simple thumb rule is that anything beyond bank FD returns will always carry some level of risk, other wise why will someone buy FD at all if they can get some guaranteed returns.

Always ask for IRR of the policy before getting one for you, Also dont fall to the agents who say that money will double in just 2 years or three years that is totally ridiculous and false. Mutual funds gives from 10 to 17 percent generally.

So concluding the post by saying that analyse the policy properly, you can google about the basics of ULIPs anytime and yell out at agent which tries to fool you in future HAPPY INVESTING!!!

Weak Global cues drag BSE | NSE down at closing

Major Indian stock indices including BSE's SENSEX and NSE's NIFTY closed in red as weak global cues affected the investors outlook and greece worries also engulfed the environment. However according to me the markets would soon rebound as the news of greece's bailout becomes more clearer and substantial.

The Closing prices of major stock indices today are as follows:

NIFTY	5148.50
SENSEX	17134.17
MIDCAP	-1.75 percent
BSE REALTY	-2.76 percent
BSE METALS	-3.93 percent
BSE SMALLCAP	-1.75 percent

Temasek purchases 5% stake in NSE for 115 million dollars

US-based stock exchange NYSE today announced selling its five per cent stake in India's top bourse NSE to Singapore government's investment arm Temasek.

The deal marks exit of New York Stock Exchange from National Stock Exchange and Temasek's entry as shareholder.

The transaction has received the necessary regulatory approvals, NSE and Temasek said in a joint statement, but did not elaborate on the financial details.

NYSE had acquired 5 per cent of NSE in 2007 for 115 million dollars, valuing the bourse at about 2.3 billion dollars.