Bulls & Bear Hfund of India

RBI bumper rate cut lifts Sensex by 162 points; Nifty ends above 7,800 Benchmark shares indices recouped early losses to end higher on expectations that higher-than-expected rate cut by the Reserve Bank of India would boost growth. The 30-share Sensex ended up 162 points at 25,779 and the 50-share Nifty gained 48 points to end at 7,843 .The broader market ended mixed, the BSE MidCap index ended up 0.4% and the BSE SmallCap index closed 0.1% lower. Market breadth ended negative with 1,354 losers and 1249 gainers on the BSE. The Reserve Bank of India at its fourth bi-monthly monetary policy review today reduced the repurchase, or repo, rate by a higher-than-expected 50 basis points to 6.75%. The street had expected a rate cut of 25 basis points. However, the central bank lowered its real GDP forecast for FY16 by 20 basis points to 7.4% compared with 7.6% earlier. EXPERTS VIEWS ON RBI POLICY "Clearly the focus has shifted from being conditionally optimistic on inflation t...

The Securities and Exchange Board of India (Sebi) on Monday took over the reins of the  commodities derivatives market. Assuaging concern that surveillance and regulation would assume priority over development,  Sebi Chairman  U K Sinha  said new products and participants could be introduced in a few months. At an event at which Finance Minister  Arun Jaitley formalised the merger of the Forward  Markets Commission (FMC) with Sebi, the market regulator said it was open to allowing products such as options and index futures in the commodities market, as well as new participants such as banks and foreign portfolio investors. “Our immediate focus is to ensure stability and credibility in the  commodities markets  and ensure there are no disruptions in the functioning of commodity exchanges,” Sinha said. “Our efforts would be to move in a cautious direction to ensure we provide some comfort to the market and to all participants, that the way transact...

Platinum prices fall to 6-and-a-half year low LONDON: Platinum prices hit their lowest since January 2009 on Tuesday as strength in the dollar and concerns over slowing growth, particularly in major consumer China, sparked weakness across the commodities markets. European stocks fell nearly 3 per cent, indicating increased risk aversion among investors, while oil prices slid more than 2 per cent and industrial metals like copper and tin fell. Platinum, which is chiefly used as a component in autocatalysts, has been hurt by the stronger dollar, weakness in stock markets, and growth worries related to China, Saxo Bank's head of commodity strategy Ole Hansen said. "The risk-off (environment) is no longer hurting the dollar as it did back in August," he said. "The market is beginning to contemplate a QE2 from the European Central Bank, so the dollar is the preferred currency against most others." Spot platinum was at $934.75 an ounce at 1452 GMT, down 3...

Wizard of Dalal Street: Govind Parikh's investment mantra Govind Parikh of Govind Parikh Securities says selling right is more important than correct buying. He says it is necessary to keep a lot of cash. "We keep an average 10 percent cash in our portfolio," he says I like to buy things in a bad market. Additionally, don't look current cash flow, concentrate on future cash flows — that is what  I look at," says Govind Parikh of Govind Parikh Securities. He advises investors to buy good quality stocks when the market crashes. While sharing his investment philosophy with ace investor Ramesh Damani, on the Wizards of Dalal Street, Parikh says management integrity is very important when deciding which stock to bet on. He tells investors not to buy stocks impulsively. According to him, selling right is more important than correct buying. He says it is necessary to keep a lot of cash. "We keep an average 10 percent cash in our portfolio," he says. He al...

NEW DELHI: Retail investors are back on Dalal Street and this time, mostly via the mutual fund route. This is evident from the fact that mutual fund (MF) managers bought shares worth a staggering Rs 10,533 crore even though overseas investors pulled out record money from the stock market. The latest data showed fund managers bought shares worth a net Rs 10,533 crore last month while foreign portfolio inv estors (FPIs) pulled out a record Rs 17,434 crore during the period, said a PTI report. Mutual Fund schemes have performed much better than the benchmark indices so far in the year 2015. Top ten schemes based on percentage returns so far in the year 2015 have outperformed the benchmark index by a wide margin. The AUM or the total assets under management is under Rs 500 crore for these themes which have reported more than 20 per cent return so far in the year 2015. The SBI Pharma Direct - Growth rose 22 per cent, followed by SBI Pharma-G, which rose 21 per cent, while Relianc...

In my last post I mentioned about Head & Shoulder Pattern. After the bounce to 8655 Nifty started declining. This is a channelized decline. It seems to be a complex correction in WXY Currently Nifty seems to be declining in 'a' wave of Y of the complex correction; which is further subdivided. Nifty broke below the neckline around 7960 and sustaining below it. Current decline may further continue till 7630-7540. After which Nifty may try to retest neckline around 7960-7990. Sustaining below the neckline may further open downside to 7230-7160.