Readings: Sensex & Nifty up 5%, Global stocks, Insurance co. investments
- Business Standard: FIIs power market to record high
Ending their selling spree for the first time since the announcement of P-note curbs last Tuesday, FIIs were net buyers of shares, buying shares worth Rs 390.21 crore in the cash markets on Tuesday.
Domestic institutions bought heavily in the market on Tuesday with insurance firms buying into banking stocks after the market more or less ruled out a rise in the cash reserve ratio — the proportion of deposits banks must keep with the central bank — by the RBI.
- BCA Research: Global Stocks Still Look Attractive
- Business Standard: We are unaffected by short-term gyrations
The Indian insurance industry is . . . growing at a robust pace with total assets of over Rs 150,000 crore in March 2007. In the first six months of FY08, insurance players have pumped in a whopping $3-4 billion in equities . . . For FY08, it is estimated that investments by insurance companies in equity markets will touch $10-15 billion.
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October 24th, 2007 at 11:53 am
Do you follow the earnings reports from Indian Companies?
October 24th, 2007 at 12:14 pm
Amit,
At a company level, I do not - since I don’t consider myself to have any edge (over major market participants) in understanding financial statements, and investing solely based on the identification of “value” stocks.
Btw, you can track earnings dates, estimates & such at http://www.indiaearnings.com.