Bulls & Bear Hfund of India

The 'Buffett indicator' shows something is majorly wrong with the Indian stock market, and we may be on the verge of a major crash. The market cap-to-GDP ratio, more famously called the 'Buffett indicator' as the Oracle of Omaha , Warren Buffett , considers it his 'single best measure' for long-term valuation of stocks, suggests a huge mismatch between the rate of growth in the economy and  that of the stock market. The crucial measure, calculated by dividing the market capitalisation of a country's stock market with the GDP of the economy, is suddenly at a very high level, suggesting either a too high market cap or a too low GDP figure. India's latest GDP data has kicked off a row, with many experts questioning the accuracy of the measure, which doesn't quite add up at certain levels. That could be one factor that has sent the 'Buffett indicator' haywire, making it impossible to base your valuation judgment on it. In an interview ...

Monsanto India, Atul, Sharda Cropchem, Rallis India and Bayer CropScience were up 3%-18% on the BSE. Shares of the companies engaged in agrochemicals business have rallied by up 18% on the back of heavy volumes on the Bombay Stock Exchange (BSE) in intra-day trade. Monsanto India, Atul, Sharda Cropchem, Excel Crop Care, Rallis India, Bayer CropScience, UPL, PI Industries, Dhanuka Agritech and Insecticides (India) were up in the range of 1%-18% on the BSE. Monsanto India has soared 18% to Rs 2,423, extending its previous day’s rally on the BSE, on back of heavy volumes. In past two trading sessions, the stock zoomed 33% from Rs 1,818 on May 10. The trading volumes on the counter jumped an over 10-fold with a combined 815,269 shares changed hands on the NSE and BSE till 10:52 am. Monsanto India is schedule to announce its January-March 2016 quarter (Q4FY16) results on May 30, 2016. Motilal Oswal Securities expects Q4FY16 Ebitda (earnings before interest, tax, depreciatio...

Tech view: Nowhere to go! Nifty50 makes Doji pattern on daily charts NEW DELHI: The Nifty50 consolidated in a narrow range on the last day of the trading week on Friday and formed a Doji pattern on the daily candlestick charts, which suggests further consolidation. The tussle between the bulls and the bears clearly suggests that the ongoing consolidation in the market is going to continue for some more time. Investors should remain cautious as the Nifty50 is still trading we ll below its crucial support level at 7,580. 'Doji' is formed when the the index opens and closes approximately around the same level, but remain volatile throughout the day, which is indicated by its long shadow on either side. In the process, it forms a cross or a plus sign. The Nifty50 opened at 7,542.35 and closed virtually at the same level at 7,555.20, thus forming a Doji pattern. It rose to an intraday high of 7,569.35, making an upper shadow, and fell to an intraday low of 7,526.70 maki...

IPO Review: Equitas Holdings a bankable bet Equitas Holdings is a diversified financial services company, catering to self-employed individuals and the micro & small enterprise (MSE) segment. It has three subsidiaries for its micro finance (under Equitas Microfinance), vehicle finance and MSE loans (Equitas Finance) and home loan (Equitas Housing Finance) businesses. Expertise in lending to unbanked segments is a key strength and will drive future growth. Additionally, its experience in vehicle finance and MSE loans lends comfort on the management's ability to grow its upcoming Small Finance Bank (SFB), for which it got a licence from the Reserve Bank (RBI) in October 2015. Healthy growth in assets under management and in return ratios for both Equitas Microfinance and Equitas Finance is another positive. The valuations also seem reasonable, at about 1.7 times the FY17 estimated price to book on a fully-diluted (post Initial Public Offer) basis, says Digant Haria, fin...

How Vijay Mallya became king of bad times NEW DELHI: Vijay Mallya, the former chairman of United Spirits, owes over Rs 7,000 crore to 17 banks. SBI is leading the legal battle in the Supreme Court and Debt Recovery Tribunal against liquor baron. From a flamboyant billionaire to a man who watched his empire go bust, here's how the journey unfolded for Mallya: 1) Mallya owes nearly Rs 7,000 crore to bankers. Here's how it stacks up Rs 1,600 crore — SBI Rs 800 crore — PNB Rs 800 crore — IDBI Rs 650 crore — Bank of India Rs 550 crore — Bank of Baroda Rs 430 crore — United Bank of India Rs 410 crore — Central Bank of India Rs 320 crore — UCO Bank Rs 310 crore — Corporation Bank Rs 150 crore — State Bank of Mysore Rs 140 crore — Indian Overseas Bank Rs 90 crore — Federal Bank Rs 60 crore — Punjab & Sind Bank Rs 50 crore — Axis Bank He, however, claims banks have recovered Rs 1,200 crore. 2. What Mallya owns in India 33% in United Breweries,...

Nifty ends above 7,500 led by index heavyweights Indian markets staged a late recovery gaining around 200 points from intra-day lows, amid firm European cues, led by index heavyweights such as Infosys and Reliance Industries. The S&P BSE Sensex ended 135points up at 24,794 and the Nifty50 closed 47 points up at 7,532. Among the broader markets, BSE Midcap index closed 0.8% higher while BSE Smallcap index finished flat. The health of the market was slightly stronger with 1,290 advances against 1,193 declines on the BSE. "After taking a breather and showing signs of fatigue and uncertainty in the past two trading sessions, the Indian equity market resumed its northbound journey. However, the decline was very short lived as indices gained strength as the day progressed. Nifty re-conquered the 7500 mark for the first time since February 1, 2016. Nifty managed to find support even before hitting the 50DMA, which is placed at 7400 mark. As long as there are no evident sign...

Budget 2016: FM Arun Jaitley rolls back proposal to tax EPF NEW DELHI: Facing a strong backlash from salaried tax payers over its proposal to tax withdrawal from EPF, the government has decided to roll back the budget proposal that sought to create a pensioned society by discouraging full withdrawal. "In view of the representation received, the government would like to do a comprehensive review of this proposal and therefore I withdraw this proposal," finance minister Arun  Jaitley said in a statement in the Lok Sabha. The 40% rebate proposed for the NPS will however continue. NPS is at present fully taxed on withdrawal. This is a relief for NPS subscribers. The proposal had come under fired from all quarters and government ministers have been flooded on social media to withdraw the proposed tax. A day after the budget government had even issued a statement clarifying the intent behind the proposal and its intent and its limited impact, but the criticism continue...