RBI Cuts EEFC Balances to 50%
RBI allows exporters to hold their forex earnings in an Exchange Earners Foreign Currency (EEFC) account. This is so that they can pay in forex for stuff they want to buy, and save on the round trip...
View ArticleClik here to view.
Chart: Market Cap To GDP is 63%
With popular request (from Kaushik) I have updated the Market Cap to GDP chart for India. Market Cap is the total NSE Market Cap at the end of the month, and GDP is known quarterly, so I put it in at...
View ArticleClik here to view.
TataSteel: Negative Returns Over Five Years
Tatasteel fell below Rs. 400 on Friday, as it announced dismal results in 2012. With an EPS of just Rs. 4 for the last quarter of FY 2011-12, and a drop of 42% in full year EPS (Rs. 53.63) compared to...
View ArticleGrexit The Spuck Out Of The Euro
Greece is preparing to leave the Euro, it seems. So they're calling it the Grexit, which has just beaten "PIIGS" to being the worst disaster-shortened-word ever. Imagine if they called 9/11 a "terack"...
View ArticleClik here to view.
Chart: 5 year Rolling Returns Including Dividends
Subra of Subramoney.com mentioned in my Sensex Roling Returns post that if we account for dividends, returns may look much better. So I took the Nifty Total Returns Index, which includes reinvestment...
View ArticleClik here to view.
May Sees The Biggest Monthly Fall in 2012
My standard month-end post of returns for the Nifty gives a –6.2% return, making it the third negative return in a row and the worst for 2012. What can we expect for June? The average return for June...
View ArticleClik here to view.
Indian Mobile Usage Overtakes Web? Or Shady Stats?
Mary Meeker says that India’s Mobile usage of the internet has surpassed Desktop usage. This is where I pause to let you splutter and choke. I don’t believe this number one little bit. For one I have...
View ArticleOil Min Wants Huge Hike in Diesel Car Duty
Diesel Vehicles to cost more? The oil ministry has supposedly requested a steep hike in excise duty for diesel cars, of at least Rs. 170,000 per small car and 255,000 on larger cars. This would take...
View ArticleClik here to view.
Chart: NSE Volume To Nifty Ratio Near 6-Year Low
NSE Cash Market Volumes have been pathetic recently, clocking less than 10,000 cr. on average since March 2012. The numbers are bleak – they are the lowest since May 2007. (You have to discount the dip...
View ArticleClik here to view.
India, A Country Of Thieves?
A recent article by John Hempton tells us that China is a Kleptocracy: China is a kleptocracy. Get used to it. I start this analysis with China being a kleptocracy – a country ruled by thieves. That is...
View ArticleOT: Speaking at Traders’ Carnival
I will be speaking at a Trader Conference called "Traders' Carnival", being conducted by J. Dharmaraj (@ra1nb0w). I'll speak on the impact of RBI policies on the market in general, and some basic...
View Article[Ad] Special Offer for CM Readers: 20% off on Mobile Accessories
DailyObjects.com, an online Mobile Accessories store, has a special offer for Capital Mind Readers. They are offering a discount of Rs. 200 for a purchase of Rs. 999 and more. DailyObjects sells...
View ArticleDon’t Buy What You Don’t Understand
Okay, I'm up to here with relationship managers and financial advisors and the like. In the process of assessing a new business opportunity in providing advisory services, I have most recently seen...
View ArticleCut up the RBI
(Written for Pragati, December 2012) The Reserve Bank of India has been a regulator of acclaim, and as regulators all over the world have become more significant to their economies, their role has come...
View Article
