Indian Markets are on the verge of creating new highs and stocks that have traded below 30 DMA are now creating new highs - so what is new that is aiding in this move for the markets to post significant highs.
As of now the earnings season has stopped and some are on anvil,IPOs like NHPC, Adani Power have bombed at markets and are quoted right now lower than listing price, the liquidity and the greed to make money are key drivers which are at present driving markets (Not to mention the FII greed too, which has given room for more news in leading dailies and Online forums).
The real market turnaround or the V shaped recovery is not yet arrived , but what we could gather from news and industrial output as well as economy revival is concerned is the world has now really started to give thrust to core sectors like Power, Infra and other key sectors which were not given additional or required thrust
and specifically Agricultural output.
Inflation is again popping up on charts by rise of essential oil prices, food items and with Crude subdued somewhat, the first and foremost task of any economy is to curtail the rising food prices and In India it is gaining huge momentum. Indian top brass needs to crackdown on hoarders, people who create a virtual demand for food items and jack prices at their will need to be punished.
US Markets are also propelled by moderate cuts in stimulus and lesser news on Banks going down / bankruptcy filings. But now the takeover and Merger talks are much and to quote specific Oracle / Sun takeover was significant. Dollar is still not fading in terms of demand as it is being virtually bubbled to trade and like the Chinese Markets are in volatile bubble territory.
We have heard news on IPOs , QIPs, takeovers and now Bharti , telecom giant has also plans to takeover and merge MTN into its fold and create a niche south africa market and plans to generate a bigger revenue is in final stages of talks.
What we need at this moment is we need to look at past, reflect what caused the downfall and what are parameters which is still driving liquidity and how to stem the liquidity should be explored. Swiss money has already been quote back and forth in papers, but can they publish what they have done with the revelation of how much money is being held by individual / corp in swissbanks. Governments are not transparent and the authorities at Corporate/ Markets level need to tighten screws on Madoffs be it in India or USA.
Coming up next is a feature on Market Outlook for December 2009.
As of now the earnings season has stopped and some are on anvil,IPOs like NHPC, Adani Power have bombed at markets and are quoted right now lower than listing price, the liquidity and the greed to make money are key drivers which are at present driving markets (Not to mention the FII greed too, which has given room for more news in leading dailies and Online forums).
The real market turnaround or the V shaped recovery is not yet arrived , but what we could gather from news and industrial output as well as economy revival is concerned is the world has now really started to give thrust to core sectors like Power, Infra and other key sectors which were not given additional or required thrust
and specifically Agricultural output.
Inflation is again popping up on charts by rise of essential oil prices, food items and with Crude subdued somewhat, the first and foremost task of any economy is to curtail the rising food prices and In India it is gaining huge momentum. Indian top brass needs to crackdown on hoarders, people who create a virtual demand for food items and jack prices at their will need to be punished.
US Markets are also propelled by moderate cuts in stimulus and lesser news on Banks going down / bankruptcy filings. But now the takeover and Merger talks are much and to quote specific Oracle / Sun takeover was significant. Dollar is still not fading in terms of demand as it is being virtually bubbled to trade and like the Chinese Markets are in volatile bubble territory.
We have heard news on IPOs , QIPs, takeovers and now Bharti , telecom giant has also plans to takeover and merge MTN into its fold and create a niche south africa market and plans to generate a bigger revenue is in final stages of talks.
What we need at this moment is we need to look at past, reflect what caused the downfall and what are parameters which is still driving liquidity and how to stem the liquidity should be explored. Swiss money has already been quote back and forth in papers, but can they publish what they have done with the revelation of how much money is being held by individual / corp in swissbanks. Governments are not transparent and the authorities at Corporate/ Markets level need to tighten screws on Madoffs be it in India or USA.
Coming up next is a feature on Market Outlook for December 2009.
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