The unending euphoria of real estate sector in India witnessed during the last few years is finally starting showing signs of ebbing.
Financial markets, currency, commodities, real estate, bullion markets
The global markets are witnessing a brief revival during the week primarily attributed to the internal memo issued by Citi CEO Vikram Pandit to its employees.
Ever since the fallout of world’s biggest investment banks, talks are ripe on how top analysts of the world have got it absolutely wrong in their predictions, be it real estate, commodities or equities.
Swiss investment bank, UBS has given its own list of top 10 stock picks in Asia for 2009, and surprisingly the list has only one Indian company, Bharti Airtel Ltd., India’s largest mobile-phone operator.
Rupert Murdoch owned Dow Jones has launched a blue chip index for India called Dow Jones India Titans 30 which will constitute 30 largest and most liquid stocks listed on BSE and NSE.
The fifth biggest US investment bank, Bear Stearns has witnessed a full circle before its fall and selloff to JP Morgan Chase for paltry $2 per share.
All the earlier euphoria of Reliance Power being listed at Rs.900 has been completely laid to rest with the share now being quoted at 20% discount to its issue price.
Arguably Indian market’s best known face, CNBC-TV18’s Udayan Mukherjee has come out with his own take of the crazy market situations being witnessed over the last few days.
Indian investors can now do global hunting for investing in equity shares by choosing among the blue chips such as Microsoft, IBM, Wal-Mart, Coca Cola and Google.
Sub prime lending, also called ‘B-Paper’, ‘near-prime’ or ‘second chance’ lending, refers to the practice of making loans to borrowers at interest rates above the prevailing market rates because of their low credit status and increased risk due to either a limited credit history, or histories of payment delinquencies, charge-offs or bankruptcies.
The Delhi Stock Exchange (DSE) lying defunct since 2004 may soon start trading once again. It is looking at diluting 51% stake to 11 investors.
To recognise the growing demand of real estate and its contribution in the Indian economy, The Bombay Stock Exchange on its 133rd Foundation Day, launched the Realty Index.
The BSE Sensex on July 2, 2007 made an all time high of 14,738. The index has gained 20% from its low on March 16, 2007 in 72 sessions.
India is facing a peculiar problem of ‘Dutch Disease’. The term refers to a situation where there are large inflows of foreign exchange due to discovery of natural resources or massive foreign investment in the country which in turn leads to appreciation of the currency, undermining the traditional export industries.