Cumulatively, the total investors' wealth has got eroded by about Rs 2,82,000 crore so far this year.
The market meltdown since its January 8 peak has made private investments in public equity (PIPE) unprofitable as 2007's deal size of $5.31 billion is currently valued at $5.29 billion.Of the seven deals in the real estate sector, five are profitable while two made losses. Similarly, of the 17 deals in manufacturing sector, 13 reported loss.
Talking to reporters after trading on the bourses was suspended, he said that the Reserve Bank of India and all the other banks have assured that liquidity to brokers will not be an issue.
Stock investors can expect another rollercoaster ride on Dalal Street this week as the equity markets remain vulnerable to meltdown in the US sub-prime mortgage
The domestic market is likely to continue reeling under the sharp bearish tone adopted by overseas investors, with continuing meltdown in global markets like the US and China providing further impetus, analysts believe.
Smaller enterprises who are already fighting a losing battle on various fronts will see credit tightening.
According to IDC report 'India Domestic IT/ITeS Market Top 10 Predictions for 2009', the country's IT/ITeS market growth rate is expected to fall to 16.4 per cent in the coming five years till 2013 from an average of 24.3 per cent during 2003-08. This slower rate of growth will see enhanced competition leading to a rapidly changing strategy and continuous market re-alignment on the part of players, IDC said in a statement.
"The CPI(M) is of the firm opinion that PNs should be prohibited, as has been recommended by the RBI," a statement issued by the CPI (M) Politburo said, coinciding with the market meltdown on the SEBI's proposals to curb such offshore derivatives. The CPI (M) said massive pull-out of funds which induced a huge fall in the market reflected defiance of regulatory institutions by the FIIs.
Images from Day 4 of the Australian Open in Melbourne on Thursday.
'Only the coming years will tell whether the government finds this an easy way of relieving itself from its fiscal constraints.'
Anil Ambani group's Reliance Power on Monday made its debut on the bourses, listing at a premium of over 20 per cent, but slipped below the issue price in early morning trade.
RBI has reiterated its faith in the Indian economy but it has also put forth some key concerns that have the potential to derail the growth engine.
With the Indian stock markets clawing back after the Monday meltdown, an investment advisers' survey says that global emerging markets are predicted to be the best performers in the next three years.
Data on the new series given by a panel on real sector statistics shows that GDP grew by 10.23 per cent in 2007-08 and 10.78 per cent in 2010-11. There are some years for which the new figures show a deceleration in growth as well. The new series has 2011-12 as the base year while the earlier series had 2004-05 and 1993-94.
As many as 30 companies saw their share prices rising to new life-time highs, while 51 stocks got stuck at their upper circuit limit. While the stocks scaling new peaks included some known names like Essar Shipping, Southern Ispat and Usher Agro, the list of those hitting upper circuit limit were mostly penny stocks belonging to T and Z groups of the BSE.
Even in the face of the ongoing US meltdown (see end of article for more details) the BPO industry provides some of the most lucrative job opportunities on the market today.
Education companies have withstood the recent bear onslaught on the stock markets as they have a great future ahead.
The pressure on dollar is also causing lower risk appetite
With global economy still firmly on the growth path, equity markets do not seem to be in any serious danger.
Fast meltdown of Himalayan glaciers threatening survival of Ganges, Indus.
The net worth of the five richest - Mukesh and Anil Ambani, KP Singh, Sunil Mittal and Azim Premji - on Monday plunged by Rs 11,015 crore (Rs 110.15 billion), taking their total loss to about Rs 67,200 crore (close to $17 billion) since October 17, when the meltdown began on the bourses.
The combined average assets under management of the 33 fund houses in the country dropped to Rs 5,64,599.28 crore (Rs 5,645.99 billion) at the end of June as compared to Rs 6,00,266.32 crore (Rs 6,002.66 billion) in May, according to data released by the Association of Mutual Funds in India. Reliance Mutual Fund continues to be the top fund house in the country despite its average AUM falling to Rs 90,813.45 crore (Rs 908.13 billion).
Indian stock market indices have climbed close to their all-time highs, even as key overseas indices such as the Dow Jones, FTSE 100 and Nikkei 225 are reeling under the sub-prime meltdown in the US.
The 50-year-old, who has had a troubled history with drugs, alcohol and prostitutes, said he paid out "enough to bring into the millions" to keep the illness a secret.
So as we can see, the appreciation of the yen to 112 yens to a dollar, has led to the profit of the carry trade investor coming down drastically to 1.78 per cent.
Most of the 30-Sensex constituents led by M&M, Adani Ports, BhartiAirtel, Bajaj Auto, Hero MotoCorp, ICICI Bank, Sun Pharma, Cipla, HDFC Ltd, ONGC and Hind Unilever were trading in negative terrain, falling by up to 5.77 per cent.
Finally, gold prices have started heading south this week. Prices of yellow metal tumbled to an eight-month low of Rs 8,600 per 10 gm
Outlook for external sector is the most favourable.
'It was really challenging to score off both the quicks and the spinners. It was just a grind'
The combined assets under management of the 32 fund houses in the country fell to Rs 5,49,114.82 crore (Rs 5,491.14 billion) in January, against Rs 5,49,942.02 crore (Rs 5,499.42 billion) at the end of December, 2007, latest data available on the website of Association of Mutual Funds in India show.
India coach Anil Kumble gave a measured response on Friday after his team's spectacular collapse against Australia in the opening Test, calling it just one bad day for his world No 1 team.
Investors lost as much as 20 per cent of their money put into equity focused mutual funds over the past one month as the benchmark stock index Sensex dropped about 11 per cent during the same period.
Making information available to all will solve only part of the problem. The biggest problem is a complete lack of understanding of mutual funds.
Maria Sharapova responded to a scolding from her coach to beat Italy's Francesca Schiavone 7-5, 2-6, 6-1.
The US dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was sharply higher by 0.62 per cent at 93.96.
The Bombay Stock Exchange has re-entered the trillion dollar club worldwide.
DLF opened on a weak note in the Bombay Stock Exchange on Monday at Rs 500.05 and then declined further and hit an intra-day low of Rs 488.60, a 6.43 per cent fall from its previous close. The realty major was quoted at Rs 490, down 5.76 per cent at 10.41 am and over 3.54 lakh shares exchanged hands on the BSE.
However, the number of confirmed cases reported by states rose by over 500 to cross 3,000 with at least 90 dead. While Maharashtra, Telangana and Delhi disclosed several new cases of the deadly virus infection, government officials said the numbers have risen in last few days mostly due to one event -- referring to the Tablighi Jamaat's religious gathering in the national capital attended by thousands of people last month.
Adani Exports and GlaxoSmithKline Consumer were the only two A-group stocks that ended in the positive territory.
