Bulls & Bear Hfund of India

Cameron Winklevoss , thought to be one of the largest holders of bitcoin, thinks the cryptocurrency’s  blazing  gains this year are just the start. He predicts it will rise as much as 20-fold as investors come to view it as an upgrade to gold. Wall Street’s plan to launch  futures contracts  on Sunday, making it easier to bet against the digital currency’s rally in recent months, is making some enthusiasts nervous -- but not Winklevoss. He’s one of the famed 36-year-old twins who played an early role in  Facebook Inc. ’s formation, then dedicated part of their fortune to the cryptocurrency and have since tried to win approval for a bitcoin trading vehicle. Winklevoss bases his price projection on the market value of gold, which he pegged at about $6 trillion and others calculate at closer to $7.5 trillion. Investors are beginning to embrace the idea that bitcoin, “mined” by computers performing complex calculations, is more portable and divisible than ...

The Supreme Court has extended mandatory linking of Aadhaar for all services, including new bank accounts and mobile services to March 31, 2018. The deadline for linking Aadhaar with mobile services was earlier set at February 6 while that for new bank accounts was December 31. However, the court ruled that new bank accounts can be opened without Aadhaar but applicants need to submit proof of Aadhaar application. The government on December 13 had extended the December 31 deadline for linking old bank accounts to Aadhaar numbers by three months to March 31, 2018. Menwhile, the Supreme Court has also agreed to Congress leader Jairam Ramesh's plea against government introducing Aadhaar Act as a Money Bill in the parliament. A five-judge Constitution Bench headed by Chief Justice Dipak Misra, in an interim order, also modified its earlier order with regards to linking of Aadhaar with mobile services and said the deadline of February 6 next year for this purpose also stood exten...

The GST Council cut rates on 178 items to 18 percent from 28 percent on Friday, slashed taxes on all standalone restaurants to 5 percent, simplified return filing procedures for small firms in one of biggest changes in rules and rates since the new system kicked in from July 1. The Goods and Services (GST) Council, which met in Guwahati, has decided to cut keep only 50 luxury and 'sin' goods like tobacco in the highest slab, paving the way for price cuts in raft of commonly used goods from furniture to sanitary ware, electrical fittings, detergents, marble flooring and toiletries Except for white goods, some auto parts, aircraft parts, yatch-related products, cement, paint and some other products, the GST rate on all other items have been placed in a lower slab. The GST rate on two items— wet grinders, armoured fighting vehicles—have been cut from 28 to 12 percent. Taxes on six items have been cut from 18 to 5 percent, in eight items from 12 to 5 percent and from 5 to z...

Nifty targeting 10700 in November series with support near 10200; FIIs turn buyers after 3 months The Nifty50 has continued its up move after breaking out from 10150-10200 range. This remains a major support price range and the index can move up to 10,700. The banking space is supporting the market due to performance returning in underperforming banking heavyweights Option writers are quite active at 10200 Put options. Eventually, these positions are coming closer to 10300 Put options. This means the major correction in the index may not be seen. Positions of Call writers have been formed at 10500 and 10700 Call strikes. These are stuck up Call writing positions. Hence, a move beyond 10500 can be extended to 10700 levels The Nifty futures positions are formed with the increasing basis. This means the index has seen long additions where FIIs are also adding positions on the long side. So far, foreign investors (FIIs) had remained quite skeptical. However...

Stock market corrections are always painful. It is more so in the middle and lower end of the market. Corrections are also considered part and parcel of a bull market. But wait! It’s not that simple for investors in midcap and smallcap stocks. Strong retail participation in recent times changed the contours of the domestic market in such a way that a major plunge the midcap stocks at this stage could leave investors high and dry, and how!  Midcaps being the playground for retail investors and domestic mutual funds, they have limited cushion in the case of a sharp fall, compared with their largecap peers, which can have a much bigger backup from overseas portfolio investors as well as big domestic institutions.  “If we leave out the $2 billion market-cap companies, total market-cap of midcap and smallcap stocks has risen to Rs 28,00,000 crore till last week, which was a historical high. In the event of even a small corr ..  One per cent of Rs 28 lakh crore equals R...

The Dow Jones Industrial Average headed for its ninth straight record high close on Friday, with strong gains in JPMorgan Chase (NYSE: JPM ) and other banks after data showed U.S. employers hired more workers than expected in July. The strong jobs report is likely to clear the way for the Federal Reserve to announce a plan to start shrinking its $4.5 trillion bond portfolio in September, and could strengthen its case to raise rates for the third time this year in December. The Labor Department report showed nonfarm payrolls increased by 209,000 jobs last month, above the 183,000 rise expected by economists polled by Reuters. With banks standing to benefit from higher interest rates, the S&P financial index ( SPSY ) rose 0.6 percent. Goldman Sachs (N: GS ) rose 2.1 percent and was the top contributor to the Dow's gain for the day. Perceived chances of an interest rate hike by the U.S. central bank by the end of the year increased to 50 percent from 46 percent after the...

Nifty from 1K to 10K took 21 years but jump to 100,000 will come sooner than you expect  The Nifty raced to 10,000 mark in about 21 years, but the journey from 10,000 to 100,000 will not even take 21 years, suggest experts. The rally will be supported by a strong macro environment, bounce back in earnings growth, pro-growth reforms, stable political environment, and global liquidity. From its base value of 1,000 in November 1995, the Nifty reached the 2000 mark in December 2004, taking 9.1 years to double. Thereafter, the journey of Nifty was swift wherein it reached the 6000 mark in only 2.9 years. It took another 6.4 years to reach the 7000 mark in May 2014 from 6000 in December 2007. The 9000 level was achieved in March 2017 which was relatively faster from 7000 level taking only 2.8 years. The flagship index ‘Nifty’ hit the 10,000 mark on July 25, 2017, taking only 4.3 months to move from 9,000 to 10,000. “The Nifty from its launch took more than 21 years to ...