Investment Opportunities
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In
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Emerging India
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Financial News For Busy NRIs & PIOs
Issue No. 05 Evening Edition IST
Corporate News . Investment Opportunities in India
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Headline News in this issue:
- Sensex crashes by 59% from 52-week high
- This is a great time for investing in India
- ICICI hikes home loan rates to 16.5%
- India may throw open doors to UK law firms
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Quotable Quotes
If calculus or algebra were required to be a great investor, then I’d have to go back to delivering newspapers.
- Warren Buffet
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SENSEX: 8,701.1 DOWN 59.0 % from 52-wk high
FOREX-Rs: USD 49.91 / EUR 63.67 / GBP 79.89
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Sensex crashes by 59% from 52-week high
This is a great time for investing in India
Foreign Institutional Investors continued their heavy selling for the fourth straight day and sold off equities worth Rs 1,431.56 crore, amid the bellwether equity index Sensex tumbling 1,100 points.
The BSE Sensex 30-share index settled at 8,701.07 points, down by 1,070.63 points or 10.96 per cent.
ICICI HIKES HOME LOAN RATES (ET,24Oct08,Mum,P1)
ICICI bank has hiked interest rates for new home loans by 1% from October 10. The new floating rates for customers would be 13% while the fixed rate loans would be at 16.5%. These rates would make the home loan rates of the bank one of the highest in the industry.
RIL Q2 net rise slows to 7.4% (ET,24Oct08,Mum,P1)
RELIANCE Industries (RIL), the country’s most-valued private firm, has posted a 7.4% increase in its second quarter net profit. The rise in net profit, the slowest in the past 10 quarters, was largely due to the decline in refining margins — earnings from processing crude oil into fuels.
India may throw open doors to UK law firms (ET,24Oct08,Mum,P1)
Reciprocal Arrangement With UK Likely
INDIA may allow UK-based law firms to practise here, provided the UK government permits their Indian counterparts to obtain work visas in the legal space there. This would come as a breather to UK-based law majors such as Linklaters, Allen & Overy and Clifford Chance which have informal tieups with Indian law firms.
Tata stake in Tata Motors up (ET,24Oct08,Mum,P1)
Once promoters pick up the unsubscribed portion of the recentlyconcluded Tata Motors rights issue, their stake in the company is likely to rise by 16%, to a little over 50%.
For news in detail, visit The Economic Times ePaper
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END OF THE DAY STATUS OF THE STOCK MARKET:
Sensex came down by 11 % today.
SENSEX: 8,701.1 (-11.0%) NIFTY: 2,584.0 (-12.2%)
. DOWN..59.0 % from 21,206.77 the 52-week high of BSE-SENSEX
. UP..........1.6 % from 8,566.82 the 52-week low of BSE-SENSEX
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Investment & Wealth Creation Advice:
In line with the projection made by us in the last few weeks, Sensex has come down substantially. It is now at about 41% of its 52-week high level. It is expected to go down further by about 1000 points in the next few weeks. However, nobody can ever predict how much it will go down further.
You should now consider making systematic investments over the next few weeks after taking investment expert's advice. If you are planning to invest amount X in the next couple of months in equity shares / mutual funds, then invest 10% of the amount now, as the market may go down further. After a week or so, you could invest another 10% and so on.
As you, as an NRI, may not find it easy to remain in close touch with the Indian market, we recommend that you invest in diversified mutual funds with a 24-36 month investment period.
If you make investments in the right shares and mutual funds when the market is at 11000 or lower levels, you can expect minimum 20% (post-tax) compounded annual returns in the next 3 years.
We recommend that you read the Golden Rules of Investing given below at least once every month to ensure that you do not forget these golden rules and make investments in wrong assets.
Click here to display NSE CNX NIFTY Chart
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Golden Rules of Investing
- Never put all your eggs in one basket. De-risk by making equal investments in realty, fixed-interest instruments, equity / mutual funds and gold when the time is right for making these specific investments.
- Out of the investments planned to be made in equity & mutual funds, make equal investments in 10-15 stocks with strong fundamentals, belonging to 4-6 sectors OR equal investments in 3-5 diversified mutual funds OR a mix of these two asset classes.
- Never invest based on your gut feel or a friend's advice.
- Never make speculative investments. Listen to two or three time-tested investment advisors.
- Never make these 3 common mistakes: 1. Buying shares of a reputed company at a wrong price, 2. Buying shares of a bad company at any price, 3. Buying & Selling shares without consulting time-tested investment advisors.
- Never depend entirely on your broker for making all your buying & selling decisions. Do consult at least two time-tested investment advisors.
- Never lose money. Define your stop-loss rules in consultation with time-tested investment advisors to protect your capital.
- Never borrow to invest in stocks.
- Never believe that you are destined to make it big. Such beliefs often lead to wrong decisions and major losses. Be rational. De-risk. Listen to time-tested investment advisors.
- Avoid investing in stocks / mutual funds or realty or gold when their prices appear to be at a high. Make Systematic Investments with a long-term view when they are at a low.
- Keep the stocks for a long-term or make Systematic Divestments when the markets appear to be at a high.
- Avoid investing in depreciating assets like expensive cars, mobile phones, electronics etc. You should rather put your extra money in appreciating assets like real-estate, equity, mutual funds, gold etc. when these assets are available at bargain prices.
- Take advantage of the Power Of Compounding. (100,000, if invested in a good diversified mutual fund when stock prices are low, would typically appreciate to 1500000 in 15 years, and to 23 Million in 30 years.)
- Caution: Speculative & Short-term investments and investments made without consulting time-tested investment advisors could be detrimental to your financial health.
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Disclaimer: Please make all your investments after taking expert advice. NRI.NewsIndia will not be responsible for losses, if any, incurred by you. Through NRI.NewsIndia, we shall be only making you aware of the investment opportunities in India at a broad level.
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