As a finance professional, it gives some satisfaction when your prediction about the market comes true, but as the markets have tumbled and my own value of investments come down, I am not happy.

After I wrote the piece that By start of Next Fiscal you expect Sensex to Cross 10500 mark, the markets for once rose and crossed 15000 mark, again to fall below 11000 mark, albeit momentarily.

The markets lost about 30% in just 15 trading sessions and most mutual funds had recorded similar losses in their NAVs with some mutual funds known for their aggressive investing behavior recording upto 46% loss in their NAVs.

Though the fears of downturn in US are yet far from over, Mutual with Diversified portfolios have registered strong gains. However, some sector specific funds are yet to recoup losses. Out of sector specific funds, pharma, auto, power, banking and tech sector have registered modest gains.

Let me tell you story about a working individual- and you guess about him as to who he is. He usually watches TV business Channel as CNBC, Profit at night, reads yellow news paper in the morning and subscribes to stock alerts.

Reliance Power issue was oversubscribed two times in just 60 seconds. The company is yet to commence production, while IPO of Emmar, a company with great track record of development in India and abroad and already in business had to earlier to reduce premium and then to withdraw the issue.

Income from subletting is also income from house property and you can avail of 30% standard deduction as available to income from house property.  In the case of Smart (P) Ltd.

January 18th, 2008: After sensex crossing 21000 mark, the stock indices are continually registered new low levels which has nearly triggered off panic selling. What is the right course of action today for those who have positions and for those who are willing to enter at the right time?

Yesterday, the markets witnessed heavy gains in the initial
sessions where Nifty touched new highs and crossed 6000 mark. The whole session
was quite choppy with tqo times, the nifty slipping by about 50 points in the
red and then staging smart recovery.

 

The recovery was as swift as the fall. Many shares touched
new highs that were not thinkable about fortnight ago. RPL share crossed Rs 294
as open interest of more than 2  crores
shares were added to it.

At this level of sensex, one needs to invest very cautiously, even if it means not earning money. Losses, at this level can be enormous, especially for those who invest in MidCaps or Small Caps for better returns in short term.