April 18: Bangalore v Kolkata at Bangalore
April 19: Mohali v Chennai at Mohali and Delhi v Jaipur at Delhi
April 20: Mumbai v Bangalore at Mumbai; Kolkata v Hyderabad at Kolkata
April 21: Jaipur v Mohali at Jaipur
April 22: Hyderabad v Delhi at Hyderabad
April 23: Chennai v Mumbai at Chennai
April 24: Hyderabad v Jaipur at Hyderabad
April 25: Mohali v Mumbai at Mohali
April 26: Bangalore v Jaipur at Bangalore; Chennai v Kolkata at Chennai
April 27: Mumbai v Hyderabad at Mumbai; Mohali v Delhi at Mohali
April 28: Bangalore v Chennai at Bangalore
April 29: Kolkata v Mumbai at Kolkata
April 30: Delhi v Bangalore at Delhi.
May 1: Hyderabad v Mohali at Hyderabad; Jaipur v Kolkata at Jaipur
May 2: Chennai v Delhi at Chennai.
May 3: Hyderabad at Bangalore at Hyderabad; Mohali v Kolkata at Mohali
May 4: Mumbai v Delhi at Mumbai; Jaipur v Chennai at Jaipur
May 5: Bangalore v Mohali at Bangalore
May 6: Chennai v Hyderabad at Chennai
May 7: Mumbai v Jaipur at Mumbai
May 8: Delhi v Chennai at Delhi; Kolkata v Bangalore at Kolkata
May 9: Jaipur v Hyderabad at Jaipur
May 10: Bangalore v Mumbai at Bangalore; Chennai v Mohali at Chennai
May 11 : Hyderabad v Kolkatta at Hyderabad; Jaipur v Delhi at Jaipur
May 12 : Mohali v Bangalore at Mohali
May 13 : Kolkatta v Delhi at Kolkatta
May 14 : Mumbai v Chennai at Mumbai; Mohali v Jaipur at Mohali
May 15 : Delhi v Hyderabad at Delhi
May 16 : Mumbai v Kolkatta at Mumbai
May 17 : Delhi v Mohali at Delhi; Jaipur v Bangalore at Jaipur
May 18 : Hyderabad v Mumbai at Hyderabad; Kolkatta v Chennai at Kolkatta
May 19 : Bangalore v Delhi at Bangalore
May 20 : Kolkatta v Jaipur at Kolkatta
May 21 : Mumbai v Mohali at Mumbai; Chennai v Bangalore at Chennai
May 22 : Delhi v Kolkatta at Delhi
May 23 : Mohali v Hyderabad at Mohali.
May 24 : Delhi v Mumbai at Delhi; Chennai v Jaipur at Chennai
May 25 : Bangalore v Hyderabad at Bangalore; Kolkatta v Mohali at Kolkatta
May 26 : Jaipur v Mumbai at Jaipur
May 27 : Hyderabad v Chennai at Hyderabad
May 28 and 29 : Rest days
May 30 : First semi-final at Mumbai
May 31 : Second semi-final at Mumbai
June 1 : Final at Mumbai
IPL Schedule
US Markets (DOW and NASDAQ) Today : March 31,2008
Source : CNN
Walstreet end higher today, which is the last day of the 1st Quarter. The 1st Quarter is terrible for the walstreet. Dow closed with 46 point up and so as NASDAQ with 0.79%.
Triggers & highlights :
1. Falling crude oil prices and other commodities
2. The Bush Administration's proposed financial regulation overhaul
3. The dollar rose versus the euro and the yen.
Critical for This week :
1.Tuesday : report on ISM manufacturing index
2.Thursday : report on ISM services sector index
3.Friday : The monthly jobs report.
It was the worst quarter for the major indexes on Walstreet since the third quarter of 2002.
Impact on India : India should open up in the green after a major sell off by FII in yesterday's session. Asia is doing good at the moment with Nikeei gaining by more than 1.5%. But interesting to see, if today's up move will stay and market can sustain above 4800 levels.
Nifty Today : March 31,2008
source : Nse India
The market opened in negative territory tracking week global cues and extended losses in mid-morning trade on fresh selling in index pivotals. The sentiment was also hit by reports that the Institute of Chartered Accountants of India (ICAI) has asked companies to disclose losses on a mark-to-market basis incurred due to derivatives trades from the current financial year onwards. S&P CNX Nifty closed at 4734.50 down by 207.50 points.
Banks and IT have dragged the NIFTY from high levels in today's trade.
Top 2 gainers on NIFTY
1.CIPLA
2.M&M
Top 2 Losers on NIFTY
1.HDFC
2.ICICI BANK
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Buy Value : 2959.05
Sell Value : 3824.84
Net Value : -865.79
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Buy Value : 1880.72
Sell Value: 1314.69
Net Value : 566.03
From the above provisional numbers by NSE, its clearly the FII who dragged the market. They taken a net of 866 cr's from the Market where as Domestic Instituional investors are net buyers with 566 cr's.
There is huge shorting in Nifty, contributing almost 60% of the trade happended today. There is also big call writing happened at 5000,4900 and 4800 levels, which also meant for the next couple of weeks there is a strong resistance at 4800 and above levels.
Nifty Today : March 28,2008
source : Nse India
The market opened higher tracking a rebound in Asian markets and swayed between gains and losses in the mid-morning trade. Banking shares declined. Consumer durables and metal stocks were in demand. The Market declined in the early afternoon trade after data showed a surge in inflation but Positive signals from the Asian markets pulled in the positive territory. S&P CNX Nifty closed at 4942.00 up by 111.75 points.
Top 3 gainers on NIFTY
1.SUZLON
2.TATASTEEL
3.CAIRN
Top 3 losers on NIFTY
1.ONGC
2.HDFC
3.HDFCBANK
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Buy Value : 3062.5
Sell Value : 3464.45
Net Value : -401.95
DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Buy Value : 1643.62
Sell Value : 914.12
Net Value : 729.5
Neck story, not the Nifty
Readers, here is a guest post from my lovely wife. She share's her Neck story, which started last year July and still looking for a climax.Ok, lets here from her own words
I came to US in July,2007 on H4. This is my first visit. Being new to USA, not much to do here, which forced me to look for laptop for entertainment. Having internet at finger tips and lot of time once hubby starts to office, I begin to explore WWW. Soon I realized the power of internet and started exploring in areas of my interest which is none other than Music. I started enjoying audio songs online and at the same time collecting the lyrics of my favourite numbers. I was so deep into this that in a day started collecting more than 30-40 numbers from various movies . I am happy, but there is something else happening without my knowledge . Yes , thats none other than the nerves around the neck which are getting hardened because of same posture of the neck.Within a week it hit hard on me and caused severe pain in the Neck.
I intially thought , its just like another neck pain and started applying few ointmnets got from India. No improvement seen, then moved to american medicines available over the counter like icepacks. Weeks gone there after by applying similar techniques,but of no use. Finally decided to visit the doctor and forced my Husband to get an appointment. We don't have a car at this time, so took help of my neighbour. Doctor conducted few tests like 'X-ray' and then told me that, the neck is tested severly without major motion for long hours and also root caused the reason .To my surprise it turned out to be the heavy usage of the LAPTOP
Doctor prescribed few medicines , some US top selling ice patches and then massage sessions (PT) thrice a week. Everything costed the insurance and so as me in the form of co pays.Now I am going through these and slowly recovering without knowing when will it come to an end.
Here is what i learnt during this time.
1. Do spent only limited time on laptop if you are not working in IT
2. Make sure to arrange ergonomics right ( seat position,height, vision etc)
3. Take small small breaks b/w the work and don't stare at laptop for long hours continuously
4. Do some neck exercises everyday if you are an IT engineer.
5. Last, but not the least, drink lots of lots of water
Make sure , you follow these before the similar story repeats for you.
Do you also have a similar story then share your thoughts and learnings in the comments.
enjoy the reading and benefit from it.
Futures & Options Trends in India for April
source : CNBC-TV18
Please note that this is just the running notes on CNBC-TV18 and not validated.
1. Fresh Contracts for APRIL starts today with expiry date on 24th
2. Initial Open Interest compared to March are considerably low
Total F&O : 42245 cr(APRIL) compared to 58289 cr(MARCH)
Stock Futures : 20219 cr(APRIL) compared to 30556 cr(MARCH)
Nifty Futures : 14307 cr(APRIL) compared to 20232 cr(MARCH)
Nifty Options : 7370 cr(APRIL) compared tp 7133 cr(MARCH)
3. The rollovers are weak compared to March
Market rollover : 79% (APRIL) vs 84%(MARCH)
Nifty rollover : 63% (APRIL) vs 75%(MARCH)
4. Nifty futures add 58 lakh shares in net Open int
5. Nifty Open Interest PCR(Put Call ratio) at 1.31 (APRIL) Vs 1.55 (MARCH) at the beginning of the series
6.Nifty 4500 put adds 11.6 lakh shares in OI(Open Interest) and Nifty 4800 put adds 8.4 lakh shares in OI where as Nifty 4800 call adds 7 lakh shares in OI
7. Rollover percentages in Individual Stocks
RPL : 82%
NTPC : 73%
IFCI : 83%
SAIL : 61%
POWER GRID:77%
UNITEC : 56%
US Markets (DOW and NASDAQ) Today : March 27,2008
Source : CNN
Another bad day on Walstreet today. Continuing the trend from yesterday on account of subprime and economy fears , today DOW lost around 120 points(0.97%) and NASDAQ by 45 points (1.87%).
Triggers
1.Better than expected economic report ( stocks rise in the early part of the day)
2.Federal Reserve auctioned off another $75 billion in credit to investment banks. (part of $200 billion released in the first week of March)
3.Lehman Brothers analyst cut estimates on Citibank , Bank of America , UBS and other large-cap banks.
4.Google,the search leader saw slowing growth in clicks on the company's text ads in February, the second consecutive month of slowing traffic.
5.Lehman Brothers cut its first-quarter and 2008 earnings estimates and its 12-month price target on the search leader
6.The number of Americans filing new jobless claims were lower than expected last week
7.The economy grew at a tepid 0.6% annual rate in the fourth quarter of last year, the Commerce Department reported
8.crude oil for May delivery settled up $1.68 to $107.58
9.COMEX gold for April delivery settled down 40 cents to $948.80 an ounce
Tomorrow on Walstreet
1. reports on presonal income,personal spending
2. reports on inflation
3. reports on consumer confidence
Impact on India : Market can expect a gap down opening. Financial and IT stocks will be in presuure today. Interesting to see if Indian Markets can absorb these bad cues coming from US like it did yesterday.
Fingers crossed.
Nifty Today : March 27,2008
source : Nse India
The Market Opened Lower tracking weaker Asian markets that were dragged down by renewed worries about the US economy. Banking and IT stocks declining the most. S&P CNX Nifty closed in the green amid high volatile session owing to expiry of March 2008 derivatives contracts. The S&P CNX Nifty closed at 4830.25; up by 1.40 points.
Top 3 Gainers on Nifty
1. HINDALCO
2. SUZLON
3. HINDUNILVR
Top 3 Losers on Nifty
1.HCLTECH
2.SATYAMCOMP
3.TATACOMM
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Buy Value Sell Value Net Value
4806.56 4558.58 247.98
DII(Domestic Institutional Investors) trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Buy Value Sell Value Net Value
1785.81 1445.97 339.84
Tata Deals and its Stock Prices
source : CNBC-TV18
Do you know, when Tata group makes any deal , its stock prices goes down ?
Deals like TATA STL-CORUS, TATA TEA-TETLEY and now TATA MOTORS - FORD JLR have seen the stock prices beaten on the SENSEX and NIFTY.
TATA STEEL - CORUS deal :
Tata Steel, acquired CORUS on Jan 31st,2007 for $14 bn and stock fell 9.7% on the same day.
TATA TEA - TETLEY deal :
When this deal is announced on Feb 26,2006 , Tata Tea stock is down to Rs 525
TATA Chemicals deal :
Acquired soda ash business of General Industrial Products for $1 bn on Feb 1st and the stock price on the same day fell to Rs 290
TATA MOTORS - FORD deal :
Tata Motors , acquired FORD's Jaguar and Land Rover for $2.3 bn and the stock is trading now at 649 down by 4.9%.
Tata Motors Drive Away JAGUAR and LAND ROVER
Another big acquistion for the year 2008. This time its turn of TATA's. Tata Motors deal is confirmed with Ford's JAGUAR and LAND ROVER (JLR) on Wednesday.
Here are highlights of the deal
1. Total Deal value is $2.3 bn
2. Waiting for the regulatory approvals from EU, US & other countries
3. Plans to run JLR as two separate companies.
4. Plans to operate JLR as co's subsidiries
5. Tied-up $3 bn as bridge finance for JLR deal
6. Raising the bridge finance from syndicate of banks
7. bridge finance to be replaced
8. to divest stake in group co's to finance JLR buyout
9. SBI likely to be lead financer
10.Intl banks have approached SBI to finance Tata Motors
11.Ford will provide financing for 12 months
12.Deal likely to be closed by end of next quarter
13.Deal is subject to regulatory clearances
14.Deal includes brands,manufacturing plants and IPR
15.Identities of Jaguar and Land Rover would be kept intact
16.Ford to continue to provide engineering and R&D support
17.Agreements between Ford and Tata Motors for various engine technologies
18.Top Management including CEO to continue to stay with the company
Right now, TATA Motor's stock is trading in red. As per the various analyst's view, the best time to buy this stock is when it reaches the support level which is seen at 520-570 levels with an up move for 920-950 levels
Walstreet Today : March 26,2008
Source : CNN
Bad day again on Walstreet today. Dow jones lost around 110 points (0.9%) and S&P also lost 0.9% and NASDAQ (0.7%)
Triggers
1.Weak Economic news
2.High Commodity prices ( oil and gold). Oil raised 4$ per barrel
3.Bearish analyst note on investment firm earnings.
4.Oracle results which met estimates on sales but missed in forecasts.
5.Orders for manufactured goods slumped 1.7% in February versus forecasts for a rise of 0.8%
6.January's drop in durable goods was revised to 4.7% from an initial read of 5.3%
7.Ford Motor said that it will sell luxury brands Jaguar and Land Rover to India's Tata Motors Ltd. in a deal worth about $1.7 billion
8.The dollar fell versus the euro and the yen
What tomorrow on Walstreet
1. Homebuilder Lennar quarterly earnings report
2. Weekly jobless claims report
3. reading on GDP growth
Impact on India :
Indian Markets are under pressure for today based on the cues from US. The market will open with a gap down and can undergo servere selling pressure . Already Asian markets are witnessing this with Nikkie down by 200 points (1.64%) and Hang Seng by 374 points. I assume , NIFTY will retest its recent lows and interesting to see if it breaks 4600 levels or not. Also today is the expiry date of the F&O segment.
Bookmark this blog , keep reading and benefit from it
Nifty Today : March 26,2008
source : Nse India
The Market was range bound in the mid-morning trade with derivatives expiry underway. Metal and realty stock were in demand. IT stocks slipped after rising for two consecutive sessions.The market drifted lower in afternoon trade as investors chose booking profits after the previous day's 5.81% jump. S&P CNX Nifty closed at 4828.85 down by 48.65 points
Top 3 gainers on Nifty
1.TATASTEEL
2.IDEA
3.HDFC
Top 3 losers on Nifty
1.NATIONALUM
2.HINDUNILVR
3.ICICIBANK
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
Category : FII
Buy Value : 3133.5
Sell Value : 2739.59
Net Value : 393.91
Domestic Institutional Investors trading activity on NSE and BSE on Capital Market Segment(In Rs. Crores)
Category : DII
Buy Value : 1063.92
Sell Value : 1172.57
Net Value : -108.6
So, the net sellers in the market are Domestic Mututal Funds mostly.
AAA series: A day , An Abbreviation : ADRs
ADRs:
American Depository Receipts
Did you hear about the Indian ADRs like Infosys,Satyam,Tcs,ICICI Bank etc in the market reports and news ? What are these ADR's ? How are they different from stocks that we trade regularly ?
Continue reading below to find answers to the above.
ADR is a stock that trades in the United States but represents a specified number of shares in a foreign corporation.
ADRs were introduced as a result of the complexities involved in buying shares in foreign countries and the difficulties associated with trading at different prices and currency values.
ADRs were first introduced in 1927.
Two banks are generally involved in maintaining an ADR on a US exchange: an investment bank and a depositary bank.The investment bank purchases the foreign shares and offers them for sale in the US.The depositary bank handles the issuance and cancellation of ADRs certificates.The depositary bank sets the ratio of ADRs per home-country share. This ratio can be less than or greater than 1.
ADR's carry basically 3 levels of risks
1.Political Risk
2.Exchange Rate Risk
3.Inflationary Risk
Its Cricket Time : SA vs IND : MA Chidambaram Stadium in Chennai
YO YO, cricket fever is back.
1St test started b/w IND vs SA. SA won the toss and elected to bat first.
Here are some of the links, which I searched in google.
Please note, none of these links I own and none of them is tested
MMS
http://free.streamsmania.com/mms.php (Excellent)
TVU Player
http://free.streamsmania.com/tvu.html
Sopcast
http://free.streamsmania.com/sop.html
http://free.streamsmania.com/sop2.html
http://free-live-cricket-streams.blogspot.com/
Mixed
http://indialive.freehostia.com/cricket.html
http://www.tariksworld.com/2007/11/cricket.html
http://www.myindianpad.com/cricket.html
Walstreet Today : March 25,2008
Source : CNN
Walstreet almost ended flat today with minimal gains in Nasdaq,S&P and minimal loss in Dow Jones. Dow down by 16 points ( - 0.13%) , NASDAQ up by 14 points (+0.61%) and S&P up by 3 points( 0.23%).
Triggers :
1. Weaker than expected on new home prices. The prices dropped by 10.7% in Januaray in 20 Key markets
2. Weaker report on consumer confidence which slumped to 64.5 in March from 75 in Feb
3. Treasury Secretry comments on Social Security System that "the current system isn't sustainable financially and will run dry in 2041 unless quick action is taken to fix it."
4. Valero Energy, the oil refiner warned that first-quarter earnings won't meet forecasts
5.Crude oil for May delivery rose 36 cents to settle at $101.22 a barrel
6.COMEX gold for April delivery rose $16.30 to settle at $935 an ounce
7.The dollar gained versus the euro and fell versus the yen
Impact On India : Indian Markets should open flat today and can lose all the gains becasue of profit booking. Also thing to watch out is F&O expiry. Lets see if Nifty can stay above 4700 levels or not by end of the day!
Nifty Today : March 25,2008
source : Nse India
The market surged in opening trade on reports of JP Morgan raising Bear Stearns acquisition price by 5 times and US economic data that showed US new home sales had risen 3% in February 2008. All the sectoral indices were in the green. Banking and IT stocks lead the rally. The market breadth was strong. S&P CNX Nifty closed at 4877.50 up by 267.65 points
Top 3 Nifty Gainers
1.DLF
2.REL
3.UNITECH
Top Losers includes
1.SUNPHARMA
FII(provisional) trading activity on NSE and BSE on Capital Market Segment
Category Buy Value Sell Value Net Value
FII 5020.45 3774.33 1246.12
Domestic Institutional Investors(provisional) trading activity on NSE and BSE on Capital Market Segment
Category Buy Value Sell Value Net Value
DII 1413.7 1013.73 399.97
Coming up Next : Report on Walstreet Today : March 25,2008
Know your Stock : Infosys
One more new series "Know your Stock". I will go over the Nifty stocks one by one in this series and will conduct deep dive to provide you all the information that every investor need to know. Enjoy the reading and benefit from it.
Asusual , leave your comments and feedback.
INFOSYS TECHNOLOGIES LTD
Industry : IT - Computers & Software
BSE Code : 500209
NSE Code : INFOSYSTCHEQ
website : http://www.infosys.com
Management Team :
N R Narayana Murthy - Chairman & Chief Mentor
S Gopalakrishnan - Managing Director & CEO
Parvatheesam K - Company Secretary & Compliance Officer
Links of Interest:
1. Infosys to announce Fourth Quarter and Annual results on April 15,2008
2. Quarterly and Annual Reports
3. Balance Sheet
4. Cash Flow Statement
5. Guidance Vs Actuals
Stay tuned for more..
AAA series: A day , An Abbreviation
Welcome to this new AAA (A day, An Abbreviation) series , which will take one financial domain abbreviation a day and explain it in detail. Hope you enjoy reading this series and benefit from it. You can leave your comments and suggestions if any.
ADB :
Asian Development Bank
The Asian Development Bank (ADB), a multilateral development finance institution, promotes economic and social progress by fighting poverty in Asia and the Pacific.
Website : Asian Development Bank
Head Quarters : Manila
Established : 1966
Member Countries : 67
It contributes low interest loans, guarantees, grants, private sector investments, and knowledge and advice to help build infrastructure and improve essential services such as health and education to boost quality of life
ADB's focus is on encouraging economic growth, social development, and good governance, while promoting regional cooperation and integration in partnership with governments, the private sector, and nongovernment and international organizations.
Walstreet Today : March 24,2008
Source : CNN
Markets gained second continous day from where it left off on last thursday.Dow closed the day with 187 points up, gaining 1.52 in percentage terms. NASDAQ and S&P also up today with similar reasons as that of DOW on account of improved offer of JP Morgans.
Triggers :
1.JP morgans improved offer for Bear Stearns, raised from 2$ to 10$
2.Higher home sales in Feb compared to January
3.Walgreen's quarterly earning's above market estimates
4.Crude fell 98 cents to settle at $100.86 per barrel
5.Dollar gain versus euro and yen
Impact on India : With positive news coming from US, Indian Markets should open up with a positive gap. Banking,Financials and Realty are the sectors to watch today along with some metal stocks. The market should close above 4700 by end of closing bell on March 25,2008
Nifty Today : March 24,2008
source : NSE India
The market opened higher tracking rally in the US market on Thursday, 20 March 2008. Realty, capital good and banking stocks edged higher. The market remained range bound in mid-afternoon trade on reports Monsoon Capital LLC a hedge fund has been hit hard by a slump in Indian stocks this year. However, a strong rebound was witnessed in late trade. S&P CNX Nifty closed at 4609.85 up by 35.90 points.
Top 3 Gainers on the Nifty
1.HCLTECH
2.HDFC
3.NATIONALUM
Top3 Losers includes
1.CAIRN
2.TATASTEEL
3.SAIL
How to rename BPEL project in JDeveloper
Its extremely difficult to change the process name once created in JDeveloper.
Although, there is a workaround by using Templates , to rename any of the existing BPEL process with the new name.
Here are the steps
1. Select the project which needs to be renamed and select from the context menu "mark as template"
2. Give a name to the teamplate and click on "OK".
3. Now create a new BPEL project with the desired name and make sure to select the template that you created from the template drop down.
4. Click ok, It will ask you to overwrite build.properties and build.xml files. Click OK
5. Now close the new project and reopen it to see the project with the desired name
How to do short selling in Indian Market
Shorting or short selling is the art of selling stocks without actually owning them with a view to repurchase them later at a lower price.Through this strategy one can make profits because of unexpected decline in the stock prices.
In India, Short Selling is not available to retail investors , but to FII's and Mutual funds.
Although, any investor can go short (which is differnt from short selling) , by executing
1.Through Futures : SELL order either in NIFTY or in Individual stock futures
2. Through Options : BUY order in PUTS on either NIFTY or Individual Stock options
The best time to go short is when Markets sentiment is bearish like the one that we see these days where everyday there is a fall of market in India,US and Asia.
Good news, From April 21st, any investor can do Short Selling in Indian markets with a condition that
"All investors will be mandatorily required to honour their obligation of delivering the securities at the time of settlement" which also means no one can do "naked short seling"
With this, now all categories of investors can lend the stocks they own and borrow the one's they don't.
All the stocks that are listed in F&O segement, will be available for Short Selling.
I do trading through "ICICI direct", although so far , there is no communication on availability of these in ICICI Direct.
Keep reading and benefit.
Walstreet Today : March 20,2008
source : CNN Money
Walstreet ended up in green with both NASDAQ and DOW closing above the previous day's lows by gaining around 2% more.
Triggers :
1. Fall in commodity prices like oil(102 per barrel) and gold (920 an ounce)
2. Fed statement on availability of 75 billion to banks next week ( part of 200 billion announced last week to ease credit crunch, which market responded positively ( Full Story ))
3. Dollar recovery against YEN
4. Stabilization signs in Manufacturing sector
Tomorrow US markets will be close on account of Good Friday so as Indian Markets.
Impact on India : This may trigger some positive cues when market opens on Monday until unless there is some bad news on the way during weekends.
keep watching this space...
Blogger Laws
Aviva
12 Important U.S. Laws Every Blogger Needs to Know (Aviva Directory)
I happend to see the post published in Aviva website on the Blogger laws and immediately updated some of the posts published earlier on this blog.
I think every blogger should follow these laws strictly irrespective of where they are located.
Please read to understand this better in the link provided above. Couple of the important rules that caught my attention are
1. Deep Linking
2. The Legal Use of Images and thumbnails
Walstreet Today : March 19,2008
Source : cnn.com/money
Markets lost all the gains today which were accumulated yesterday on account of fed news. Dow closed the day with 293 points down, losing 2.36 in percentage terms. NASDAQ and S&P also down by similar percentage points.
Triggers :
1.Surge in Dollar and drop in commodity prices(negative)
2.Morgan Stanley's better than expected earnings (positive)
3.News that regulators will let Fannie Mae and Freddie Mac buy more home loans (positive)
4.credit crisis fears (negative)
Overall Market breadth is negative in today's trade
What to expect tmrw : There can be a short term rally during the trading day because of short covering as Friday is holiday on account of 'Good Friday'
Impact on India : Indian Markets will remain closed on account of festivals and will open again on Monday
Nifty Today : March 19,2008
Source : Nse India
The market had galloped in the early trade as fears of a global turmoil in credit markets eased after a steep interest rate cut by the US Federal Reserve, but it pared large part of its intra-day gains, even though, it closed in positive territory. The market remains closed on Thursday (20 March 2008) on account of Id-E-Milad and on Friday (21 March 2008) on account of Good Friday.
The top 3 gainers are
1.Satyam
2.Wipro
3.Tata Motors
The Top3 loosers are
1.Hero Honda
2.BPCL
3.HINDALCO
The FII statistics are
Index Futures : 5414 crs(BUY) and 3576 crs(SELL)
Index Options : 312 crs(BUY) and 487 crs(SELL)
Stock Futures : 2435 crs(BUY) and 2196 crs(SELL)
Stock Options : 0.04 crs(BUY) and 1.88 crs (SELL)
so, net net , FII are buyers in Index Futures,Stock Futures and sellers in Index Options,Stock Options.
Yes Bank Announcement
Yes Bank made an announcement on the rumors of the bank's exposure on derivatives.
The stock beaten yesterday very severly , but recovered today on account of this announcement.The stock is trading at 137 at this time.
"There have been unfounded rumors on Yes Bank's foreign exchange derivatives exposure and its implications on the Bank's operations. YES BANK confirms that it has a highly qualified top management and treasury team responsible for the Bank's foreign exchange risk portfolio with highly robust risk management and mitigation systems, processes and controls embedded within the Bank. YES BANK reiterates it has no uncovered exposure in the foreign exchange derivatives business and has a highly valuable treasury customer base which is consistently meeting all its maturing financial obligations"
source : Nse India
Insider Trading in RPL
Insider trading is the trading of a corporation's stock or other securities (e.g. bonds or stock options) by corporate insiders such as officers, key employees, directors, or holders of more than ten percent of the firm's shares.
Most of the times, it considers to be "illegal", but the term “insider trading” can also mean the perfectly legal buying and selling of stock by a company’s corporate insiders.
Insider trading is legal when these corporate insiders trade stock of their own company and report these trades to the exchange.Insider trading is only illegal when a person bases their trade of stocks in a public company on information that the public does not know.
On March 18th, “SEBI has informed that it has initiated an examination in the matter”, Mr Pawan Kumar Bansal, Minister of State for Finance, said in a written reply in the Rajya Sabha. Read More on this news
This could be a negative news for RPL with an exception today on account of excellent cues from US and Asian markets.
Asian Markets
With great cues from US market on account of fed rates cut to 2.25%, in the morning hours the asian markets are trading higer.
Nikkei and Hang Seng each gaining more than 2.5% @ 8:40 PM PST.
Indian markets expected to open on positive territory in next 1 hr or so.
Who is FII ?
Source : Sebi
Do you hear on everyday basis in the Market report that FII are the net sellers in the futures, FII are the net buyers and so on .. ?
So who is this FII ? lets understand them here , so that next time when someone says FII, you can better relate to them and more over understand the business news.
FII stands for Foreign Institutional Investor. Its a business entity established outside India who proposes to make investment in India.
To invest money in India by these FII's they need sub-account's which are corporates,institutions and funds incorporated outside India. Through these sub-account's , FII invest money in India.
FII needs a banker to conduct their day to day operations. The bank which is authorized by the RBI (Reserve Bank Of India) called Designated Bank .
Some of the eligible ones to get registered as FII's are
1. Pension Funds
2. Mutual Funds
3. Insurance Companies
4. Investment Trusts
5. Banks
6. Charitable trusts ..etc
The below entities proposing to invest on behalf of "Broad based funds" are also eligible to register as FII
1. Asset Management Companies
2. Investment Manager/Advisor
3. Institutional Portfolio Managers
4. Trustees
Broad Based Funds is a fund established or incorporated outside India, which
has at least twenty investors with no single individual investor holding more than
10% shares or units of the fund
Provided that if the fund has institutional investor(s) it shall not be necessary for
the fund to have twenty investors.
Provided further that if the fund has an institutional investor holding more than
10% of shares or units in the fund, then the institutional investor must itself be
broad based fund.
The following financial instruments are available for FII's
1.Securities in primary and secondary markets including shares, debentures and
warrants of companies, unlisted, listed or to be listed on a recognized stock
exchange in India;
2.Units of Mutual funds
3.Dated Government Securities, other debt instruments
4.Derivatives traded on a recognized stock exchange
5.Commercial papers
6.Security Receipts
Walstreet Today : March 18, 2008
Source : cnn.com/money
Markets ended with high on Walstreet today on account of Fed rate cut to take the interest rates to 2.25%. Dow bounced up by 420 points with a gain of 3.51%. Nasdaq and S&P are also closed in green with each gaining by more than 4%.
Triggers for today's market:
1. Fed cut the funds rate (short term lending rate) by 75 basis points taking it to 2.25% where as the market expectation is around expected 100 basis points cut. Refer to my blog post earlier on March 13,2008 and March 17,2008
2. the quarterly earnings from Lehman brothers and Goldman Sach's beaten the street's expectations
3.Dicount rate (effects bank loans) cut by Fed, to take them to 2.25%
4.Dollar gain against Yen in the currency market after hitting all time low on Monday.
Benefits of today's move:
All financial stocks based on the results announced by Lehman and Goldman
How it impacts India :
With the move by Fed in cutting 75 basis points and the way US markets responded to the news, SENSEX and NIFTY should open with positive gap up. The banking stocks and financial stocks which took severe beating over the last couple of weeks, should recover today and hopefully other sectors like IT and FMCG
My strategy :
Two strategies for today.
1. Go long till the sun outage from the time market opnes and then go short once the NIFTY crosses above 5500.
2.Buy PUT's at 5500 levels for a premium of around 100-125 and give atleast 3-4 trading sessions (Mostly next monday) to square off in March contracts.
Leave your strategy and suggestions in the comments.
Fed cuts rates by 3/4 of a point
source : cnn.com/money
Central bank lowers key rate to lower borrowing costs for consumers, businesses, as it risks lower dollar in effort to ward off recession.
US markets are rocking at the moment with DOW and NASDAQ each gaining more than 3%
read the full story here
I will present the analysis of this and its impact on the indian markets after Walstreet closing bell.
Nifty Today : March 18, 2008
source : NseIndia
The market opened on a negative note but soon moved to positive territory. Banking stock fell whereas power stocks rose. Market breadth was weak. The market surged in afternoon trade on reports of higher advance tax payment by top corporates and positive opening of European markets. S&P CNX Nifty closed at 4533.00 up by 29.90 points.
Top5 gainers on the Nifty
1.Unitech
2.Tata Communications
3.Siemens
4.DLF
5.HCL Technologies
Top5 loosers
1.Tata Power
2. Sterlite
3. Tata Steel
4. State Bank of India
5. Hindalco
Nifty F&O Strategy : March 18,2008
Is it safe to trade in Nifty at these levels ?
At the time of writing this blog entry NIFTY is trading with a premium in the march futures market at 4550 as against the spot price of 4535. Is this the sign of next up move atleast for the rest of the day.
Here is my strategy for today.
Buy march futures above (1 Lot - 50) @ 4500
Square Off @ 4550 which is day's high so far.
Limit Order - Square off @ 4480 to book the loss
target : net net 2000 INR in case profit, 1000 INR in case loss
What's ur strategy ? leave the comments.
Nifty Today : March 17, 2008
source : Nse India
The Market tumbled in opening trade tracking week global cues. The news about US bank Bear Stearns and the Federal Reserve's emergency rate cut intensified concerns that there could be more victims of the global credit crisis. Realty and banking stocks were major losers, market breadth was extremely weak as selling was seen across the board. S&P CNX Nifty closed at 4503.10 down by 242.70 points
Indian team for first 2 tests : SA in India
Source : CricInfo
The selection commitee met in Bangalore, along with Test Captain Anil kumble and the coach Gary Kirsten chosen the squad for first 2 Tests.
Ruled out due to Injuries : Ishant Sharma ruled out for the first Test,Murali Karthik ( ruled out for first 3 weeks)
Comebacks : Sreesanth and RP Singh
Retained : Yuvraj Singh , Virendra Sehwag and Piyush Chawla
To Undergo fitness Test : Dhoni and Harbhajan Singh
The Squad : Wasim Jaffer, Virender Sehwag, Rahul Dravid, Sachin Tendulkar, Sourav Ganguly, VVS Laxman, Yuvraj Singh, Mahendra Singh Dhoni (wk), Irfan Pathan, Anil Kumble (capt), Harbhajan Singh, Piyush Chawla, Sreesanth, RP Singh , Dinesh karthik(backup)
Walstreet Today : March 17,2008
Source : CNN.com
Markets ended flat after volatile session. Dow added around 20 points after losing at one time around 200 points with the news related to Bear Streams deal.
Events took place related to this volatality
1. JP Morgan Chase agreed to buy Bear for just $2 a share, or $236 million. That's less than 4% of Bear Stearns' value at the close of trading on Thursday. On Friday, Bear shares plunged 47% to close at $30 a share. One year ago, the stock was worth nearly $160
2.Fed emergency Meeting on Sunday : The Fed cut the discount rate, a short-term bank lending rate, to 3.25% from 3.5%, to promote more liquidity to the markets
What tomorrow : The Federal Reserve is expected to cut the fed funds rate when it meets on March 18,2008 which will be not less than 100 basis points as per the market expectations.
How it impacts India : With today's volatile session on Walstreet, Indian market also expected to follow the same trend as yesterday. But It can recover from lows as all these bad news already absorbed on Monday's trade which seen SENSEX tanking more than 1000 points with major contribution from Banks especially ICICI bank hitting its 52 week low.
Holiday @ Hollywood
Holiday @ Hollywood , Yes this is one of the holiday dream of mine from childhood. its a great experience.
stay tuned for more...
About the Federal Reserve System
Source : www.federalreserve.gov
Federal Reserve System commanly called as Fed , is the central bank of United States.It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system.
Structure of Federal Reserve :
1. The Board of Governers , in Washington, D.C
2. 12 Regional Federal Reserve Banks
Major component of Fed system is Federal Open Market Committee (FOMC) ,which is made up of the members of the Board of Governors, the president of the Federal Reserve Bank of New York, and presidents of four other Federal Reserve Banks, who serve on a rotating basis .
The FOMC oversees open market operations, which is the main tool used by the Federal Reserve to inf luence overall monetary and credit conditions
Open market operations includes the purchase or sale of securities, primarily U.S. Treasury securities, in the open market to inf luence the level of balances that depository institutions hold at the Federal Reserve Banks .
The Federal Reserve Act instructs the FOMC “to promote effectively the goals of
maximum employment, stable prices, and moderate long-term interest rates.”
The Federal Open Market Committee (FOMC) holds eight regularly scheduled meetings a
year, meaning that it meets once every six weeks. Meetings have traditionally lasted one
day, normally a Tuesday.
Fed meetings so far and the outcome includes
September 18th -------------------> Rate Cut (50bp cut to 4.75%, No Bias)
October 30th/31st ----------------> Rate Cut (25bp cut to 4.50%, Neutral Bias)
December 11th --------------------> Rate Cut (25bp cut to 4.25%, No Bias)
January 22nd (inter-meeting) -----> Rate Cut (75bp cut to 3.50%,Easing Bias)
January 29th/30th ----------------> Rate Cut (50bp cut to 3.00%,Easing Bias)
The Forecast would be for coming Fed meetings [source : Gulf Finance House]
March 18th ------------------------> Rate Cut (75bp cut to 2.25%,Easing Bias)
April 29th/30th -------------------> Rate Cut (75bp cut to 1.50%, Easing Bias)
June 24th/25th -------------------> Rate Cut (50bp cut to 1.00%, Neutral Bias)
August 5th ------------------------> No Change (1.00%, Neutral Bias)
read more and benefit...
Indian Market Activity : March 13, 2008
Source : Nse India
The Market opened in negative territory following Asian stock markets which fell amid doubts about the effectiveness of the Federal Reserve's efforts to aid strained credit markets. Market Breadth was weak and sustained the selling pressure even in the mid-afternoon trade. The benchmark Nifty closed at 4623.60 down by 248.40 Points
Top 5 Loosers on the Nifty includes CAIRN,SUZLON,SAIL,REL and UNITEC each losing more than 9% of their previous day closing price.
Index futures saw a trading volume of Rs.19366.27 crores arising out of 869331 contracts and Index options saw 313863 contracts getting traded at a notional value of Rs.7696.87 crores. The total turnover of the Futures & Options segment of the Exchange was around Rs.44869.49 crores
Comeback show on Walstreet
US markets recovered from day's low and settled high.
NASDAQ up by 0.88% and DOW up by 0.29%.
Earlier during the market opening, all the indices trading in red with fears of slowing down economy growth, inflation and high crude prices. With the good news from S&P rating arms related to Banks managing their writedowns are halfthrough already, changed the sentiment.
The healthcare,technology and financials helped the come back.
SAIL : Is it good at 194 levels ?
Source : Nse India
Check the below image. seems like short term resistance is at 194. Is it good price to go long on Futures ? lets see
Weak Global Cues from US for March 13,2008
With weak global curs and new high's of crude oil, the Indian Market is expected to open with gap down of atleast 50 points in Nifty 50.
The Dow, which set record high yesterday, closed the day down with 0.3% and Nasdaq with 0.5%.
Right now, the asian markets are trading weak losing by around 3%.
The same may be seen in today's trade on Sensex and Nifty.
Further updates..after closing bell.
Indian Markets : March 12,2008
Source : NSE India
The market witnessed a spurt in opening trade tracking strong global markets but pared some of its early gains following disappointing index of industrial production figures for January 2008. The market breadth turned negative in late trade, Metal shares declined on profit booking. S&P CNX NIFTY closed at 4872.00 up by 6.10 points
Index futures saw a trading volume of Rs.18954.24 crores arising out of 801054 contracts and Index options saw 231797 contracts getting traded at a notional value of Rs.5843.53 crores. The total turnover of the Futures & Options segment of the Exchange was around Rs.44632.78 crores
Markets Close flat after positive opening
At the closing bell , Indian markets are almost flat with nifty gaining just 6 points (up by 0.32%) from the previous day closing.
Earlier, at the opening bell, backed up with excellent global queues from US and Asia, the NSE opened with positive gap up by more than 100 points with 5010 on Nifty50.
The industrial growth numbers came in the afternoon which showed that January Industrial growth is at 5.3% as against 11.6% (YoY). With this news, when the market reopens after sun outage , the selling started which pulled back the NIFTY to 4700-4800 levels.
From here on, it looks like, NIFTY is going to retest the January levels of 4600.
Dow @ all time high today in 5 years time , Will Sensex follow....?
With great cues from global market's including US and Asia, the expectation in dalal street is for a great opening today.
In my view , Nifty should open on a positive gap of at least 100 points to take the index to 5000 above levels. But will it be able to sustain above by end of the closing ? Let's keep our fingers crossed.
I planning to exit from some of the counter's today. lets see...
IPL Teams
Source : cricinfo
There will be total 8 teams who will play inaugural tournament of IPL. After the second and final auction in Mumbai yesterday , here is the probable IX of these teams
Bangalore :
1 Bharat Chipli, 2 J Arunkumar, 3 Rahul Dravid, 4 Jacques Kallis/Misbah-ul-Haq 5 Virat Kohli, 6 Cameron White, 7 Mark Boucher (wk), 8 Zaheer Khan, 9 Anil Kumble, 10 Nathan Bracken, 11 Dale Steyn/Vinay Kumar
Chennai :
1 Matthew Hayden, 2 Stephen Fleming/ Abhinav Mukund, 3 Suresh Raina, 4 Jacob Oram, 5 Mahendra Singh Dhoni (capt & wk), 6 Michael Hussey/S Badrinath, 7 Albie Morkel/Parthiv Patel, 8 Joginder Sharma, 9 Napoleon Einstein, 10 Muttiah Muralitharan/ Makhaya Ntini, 11 Sudeep Tyagi/R Ashwin
Delhi:
1 Virender Sehwag (capt), 2 Gautam Gambhir, 3 Shikhar Dhawan, 4 AB de Villiers/Shoaib Malik/Tillakaratne Dilshan, 5 Rajat Bhatia, 6 Manoj Tiwary, 7 Dinesh Karthik (wk), 8 Daniel Vettori, 9 Farveez Maharoof/Yo Mahesh, 10 Mohammad Asif, 11 Glenn McGrath.
Hyderabad:
1 Adam Gilchrist (wk), 2 DB Ravi Teja, 3 VVS Laxman (capt), 4 Arjun Yadav, 5 Andrew Symonds/Herschelle Gibbs, 6 Venugopal Rao/ Rohit Sharma, 7 Scott Styris/Shahid Afridi/Chamara Silva, 8 Pragyan Ojha, 9 Chaminda Vaas/Nuwan Zoysa, 10 RP Singh, 11 D Kalyankrishna
Jaipur:
1 Taruwar Kohli, 2 Graeme Smith, 3 Yusuf Pathan, 4 Mohammad Kaif, 5 Anup Revendkar, 6 Kamran Akmal (wk), 7 Shane Watson, 8 Ravindra Jadeja, 9 Shane Warne (capt) 10 Pankaj Singh, 11 Munaf Patel
Kolkata:
1 Sourav Ganguly (capt), 2 Chris Gayle, 3 Brendon McCullum (wk), 4 Ricky Ponting, 5 Laxmi Ratan Shukla, 6 Ajit Agarkar, 7 Murali Kartik, 8 Iqbal Abdulla/Saurasish Lahiri, 9 Shoaib Akhtar/Umar Gul, 10 Ishant Sharma, 11 Siddharth Kaul.
Mohali:
1 Kumar Sangakkara (wk), 2 Irfan Pathan, 3 Tanmay Srivastava, 4 Yuvraj Singh, 5 Mahela Jayawardene/ Ramnaresh Sarwan/ Simon Katich, 6 James Hopes, 7 Piyush Chawla, 8 Ramesh Powar, 9 Brett Lee, 10 Ajitesh Argal, 11 Sreesanth
Mumbai:
1 Sachin Tendulkar (capt), 2 Sanath Jayasuriya, 3 Ajinkya Rahane, 4 Robin Uthappa, 5 Manish Pandey, 6 Sourabh Tiwary, 7 Shaun Pollock, 8 Pinal Shah (wk), 9 Harbhajan Singh, 10, Lasith Malinga, 11 Dilhara Fernando.
Market Activity on 11 Mar 2008
Source : NSE India
Markets managed to post decent gains in choppy trade boosted by steady buying demand for index pivotal s. Firm global markets also lifted the sentiment. The S&P CNX Nifty closed at 4865.90; up by 65.50 points.
| Traded Value (Rs. Crores) | 15732.69 |
| Traded Quantity (lakhs) | 6186.77 |
| Number of Trades | 6017464 |
| Total Market Capitalisation (Rs. Crores) | 5134836 |
Index Futures and Index Options
Index futures saw a trading volume of Rs.15556.61 crores arising out of 671669 contracts and Index options saw 176659 contracts getting traded at a notional value of Rs.4406.98 crores. The total turnover of the Futures & Options segment of the Exchange was around Rs.38176.25 crores.
RELIANCE was the most active option contracts on individual securities traded today with 7946 contracts and RPL was the next most active options contracts with 3270 contracts being traded.
Green Walstreet on Fed move in promoting Liquidity
Source : CNN Money
Central Bank loans $200 million to big investment firms to promote liquidity.
The program will lend up to $200 billion of Treasurys to primary dealers, a group of 20 big investment firms, for a 28-day term
With this announcement on Tuesday afternoon, the Stocks started moving up. Dow, NASDAQ and S&P 500 are up by around 2% at the moment.
Lets see if they can sustain this during the closing hours of the trade.
More...
All the index's are up by nearly 3.5% with DOW closing up with 417 points compared to previous day at 12156.
Its DOW's best day in 5-1/2 years.
Market Activity on 10th March 2008
Source : NSE India
Equity
High volatility was witnessed in the market today as the Nifty opened on a weak note, moved on both sides before recovering towards the end of the trading session. The S&P CNX Nifty closed at 4800.40; up by 28.80 points.
Futures and Options
1.The total turnover of the Futures & Options segment of the Exchange was around Rs.42402.30 crores.
[Options on Individual contracts]
2.The top twenty contracts contributed to around 43% of the total traded volume in Options on individual securities.
3.RELIANCE was the most active option contracts on individual securities traded today with 8743 contracts and RPL was the next most active options contracts with 3543 contracts being traded
[Futures on Individual contracts]
4.The top ten contracts contributed to around 49% of the total traded volume in Futures on individual securities
5.RELIANCE was the most active future contracts on individual securities traded today with 110450 contracts and REL was the next most active futures contracts with 63276 contracts being traded
[Index Futures]
6.Index futures saw a trading volume of Rs.19129.53 crores arising out of 844162 contracts
[Index Options]
7.Index options saw 233406 contracts getting traded at a notional value of Rs.5822.87 crores.
Are you filing for H-1B in FY2009 ?
If you are filing for H-1B for FY2009, then please read the below carefully.
[Source : USICS.gov]
For Fiscal Year 2009, the first filing date is Tuesday, April 1, 2008. Cap subject petitions received before that date will be rejected. Petitions are filed at Vermont and California Service Centers, depending on jurisdiction.
USCIS published "Helpful Hints for Filing a FY 2009 H-1B Cap Case: Short Version" which talks about the list of measures the petitioner can take to ensure that their petition is correctly filed.
Here is the synopsis of the same.
1. Clearly label all H-1B cap cases in red ink on top margin of Form I-129 petition.
2. Fill out Form I-129 and supplements correctly, consistently and completely.
3. Employer must submit the correct fees as seen on form instructions (separate checks for each are best).
4. Please send only one petition per envelope.
Click on More for complete details
Oil sets record and Stocks stumble in Wallstreet
Oil reached 108$ per barrel in today's trade to set all time new record high.
Fears of recession gloomed over DOW and NASDAQ causing them to close on Monday with 1.95% and 1.29% respectively.
These global queues are not good for Asian market's including India when they wake up tmrw , which recovered yesterday from day's lows. We can expect a gap down opening of NIFTY and it may slide down to 4600 and 4550 levels.
Indian Hockey Men not qualified for Olympics
A black day for Indian Hockey. The men in blue failed to qualify the first time since 1928 for next Olympics.
In the final match of olympic qualifiers , the team india lost to GBR (England) 0-2.
Better luck next time India.
L & T Losses from Commodities Hedging
L & T incurred losses from Commodities Hedging. With this news the stock lost around 9.68%. Stock is trading at 2687 in the mrng hrs anc closed the day at 2728 with 8.68% loss.
It is reported that, the loss could be anywhere b/w 150-200 cr's.
Housing Bubble and India
Is Housing Bubble there in India ? Lets understand in simple terms.
What is Bubble? :
If any trade happens with high volumes because of speculation well above the intrinsic value. Identifying this bubble in real time is impossible and only can be identified after retrospect, when there is a sudden drop in the price which will casue the bubble to burst. Also referred as crash.
Housing bubble :
It's a bubble describe above that occurs in local or global real estate markets.
How to Identify :
It is characterized by rapid increases in the valuations of real property until unsustainable levels are reached relative to incomes, price-to-rent ratios, and other economic indicators of affordability
How does this effect ?
Housing Bubble causes the sudden decrease in home prices that can result in many owners holding negative equity—a mortgage debt higher than the value of the real property.
Where is it in India :
You can see everywhere in India (hyderabad, Chennai , mumbai and many more..)
more .... stay tuned
Cricketers : One more chance to make money
Yes, Cricketers will be auctioned again for upcoming IPL on 11th march in Mumbai.
This time , in my view the hot favorites are ,
1. Ashraful ( Bangladesh )
2. Mohammad Yousaf (Pakistan)
3. Misbah-ul-Haq (Pakistan)
4. Ashwell Prince ( South Africa)
If you are a national or international cricketer and not already auctioned or listed in the second auction , you lost the golden opportunity to make it to IPL as there will be no more auctions for the current season.
The IPL starts on 18th April.
Btw, My favorite for inaugural IPL is none other than "Hyderabad". What about yours ? leave it in the comments
SA vs Ban : SA thrashed Ban in 1st ODI
SA won by 9 wickets with 79 balls remaining in the first ODI at Chittagong.
BAN won the toss and elected to bat first but failed to set a decent target. They could only make 178 runs before loosing all the wickets.
SA started chasing well with an opening partnership of 143 runs b/w Gibbs and Smith. Later Smith continued with Amla and finished the game in style with a four.
Smith is chosen as Man of the match for his 7th ODI hundred.
More
Subprime Crisis and its effect on India
What's subprime crisis ?
Please refer to the below link in wikipedia till I understand it completely and present here in simple terms.
Subprime Crisis @ Wikipedia
more..stay tuned to understand it better
NZ beaten Eng on Fifth day of 1st Test
NZ won by 189 runs in Hamilton on the last day. NZ set a target of 300 runs with minimum of 81 overs remaining. England failed to play for 3 sessions and lost the game before tea. Thanks to excellent spells by Mills who took 4 wkts and then Martin with 3 wickets in the second innings.
Next Test starts in 3 days time at Wellington
More
Sectors to Watchout after Budget
These are the sectors to watch out after this years budget.
1. Banking
2. Auto
3. FMCG
These are my favourites
In Banking , SBI followed by ICICI Bank.
In FMCG , HLL followed by ITC and then Dabur
In Auto , Maruti followed by Tata Motors
More ... stay tuned
Introduction of Long Term Options Contracts on NIFTY for trading
Long Term Options Contract
I been waiting for such a trading opportunity since the time I started understanding the Options market. These are referred as LEAP options in US Markets and is one of the investment avenue available to the traders in US.
Finally, ICICI introduced the same on NIFTY contracts.
SO, how is this different from regualr Options ? No they are not different , but you need to understand the below.
more to come..stay tuned.
Custom Domain User Management in Oracle BPEL PM 10.1.3.3
Context : In order to control the access to the business process developed in BPEL there is a need to segregate the process into different domains especially when there are different Business Teams uses the same Process Manager. For each of the domain, there is a need to create different roles which can be assigned to users who can view/modify/execute the processes in that domain
Here I will share the findings on how user management can be done in a custom domain ( not the "default") for Oracle BPEL Process Manager 10.1.3.3. I will talk about the details steps to create a custom domain and then create roles and assigning the roles with proper permission to access the custom domain. The security provider used is JAZN which is File Based Security provider based on JAAS. It also details the steps when the BPEL is installed with default OC4J instance (home) or different OC4J instance
Steps to create a Custom Domain
1. Login to Oracle BPEL PM as BPEL Administrator
2. Click on BPEL Domains
3. Click on “Create New BPEL Domain”
4. Enter the Domain Id as “custom_domain”
5. Click on Create to complete the Custom Domain Creation
User Management for Custom Domain (custom_domain)
Oracle BPEL PM comes with a domain “default”. It also comes with certain responsibilities which controls the access to this domain. The roles related to this “default” domain includes
BPMDefaultDomainAdmin
This role is to control the access to the “default” domain.
BPMSystemAdmin
This role is to control the access to the entire BPEL PM including the “default” domain and all other custom domains
Steps to implement for allowing access to Custom Domain (custom_domain)
BPEL Installation in Default OC4J instance
1. Navigate to $ORACLE_HOME/j2ee/home ($ORACLE_HOME/j2ee/
2. Create the Role with name (BPMCustomDomainAdmin)
$ORACLE_HOME\j2ee\home>java -jar jazn.jar -user oc4jadmin -password welcome1 -addrole jazn.com BPMCustomDomainAdmin
3. Grant permissions to the role created in step (2) above
$ORACLE_HOME\j2ee\home>java -bootclasspath/a:$ORACLE_HOME\bpel\lib\orabpel-boot.jar -jar jazn.jar -grantperm jazn.com -role BPMCustomDomainAdmin com.collaxa.security.DomainPermission custom_domain all
4. Now create the users and assign the the above role
5. Restart the BPEL oc4j
5. Login to BPELConsole.
BPEL Installation in different J2EE home (oc4j_soa)
1. Navigate to $ORACLE_HOME/j2ee/home
2. Copy all the jar files and lib folder in this directory to $ORACLE_HOME/j2ee/oc4j_soa
This step is very important , if not the entries created further will get added to home system-jazn-data.xml
3. Navigate to $ORACLE_HOME/j2ee/oc4j_soa
4. Create the Role with name (BPMCustomDomainAdmin)
$ORACLE_HOME\j2ee\home>java -jar jazn.jar -user oc4jadmin -password welcome1 -addrole jazn.com BPMCustomDomainAdmin
5. Grant permissions to the role created in step (2) above
$ORACLE_HOME\j2ee\home>java -bootclasspath/a:$ORACLE_HOME\bpel\lib\orabpel-boot.jar -jar jazn.jar -grantperm jazn.com -role BPMCustomDomainAdmin com.collaxa.security.DomainPermission custom_domain all
6. Now create the users and assign the the above role
7. Restart the BPEL oc4j
8. Login to BPELConsole
grantperm : command option to grant permission
jazn.com : Realm for File Based Security Provider (JAZN)
com.collaxa.security.DomainPermission : Permission name for the Domain
custom_domain : Custom Domain Name
all : access level. The current version of Oracle BPEL PM ( 10.1.3.3) supports either to grant all permissions to a domain / no permission
More.......
1. To grant System Administrator privileges for a custom role created, the permission to be given to com.collaxa.security.ServerPermission
$ORACLE_HOME\j2ee\home>java -bootclasspath/a:$ORACLE_HOME\bpel\lib\orabpel-boot.jar -jar jazn.jar -grantperm jazn.com -role BPMCustomDomainAdmin com.collaxa.security.ServerPermission server all
2. If above commands run successfully, the entries will be added to system-jazn-data.xml
Reference:
Oracle® BPEL Process Manager Administrator's Guide 10g (10.1.3.1.0)
Inflation
Inflation , What is it?
Before we go and understand about inflation , lets see the news related to Inflation which in experts opinion another bad news for the market and their behavior on Friday volatility.
News : Business line
Inflation at 5.02%, breaches RBI’s tolerance limit
Inflation rate crosses 5% as food items turn dearer
News : Rediff Business
Inflation at 10-month high of 5%
OK, lets understand Inflation first.
6 Indian Websites made on Web 2.0
6 Indian websites on web 2.0
1. IndianPad
2. Best of India
3. Content Sutra
4. Hum Surfer
5. India Gyan
6. Indian Bytes
6 sixes in one Over
Note: I am not hosting any of the content below. I am just providing the video hosted on Youtube which is publicly available.
Yuvraj in 20-20 world cup.
Gibbs in world cup
Basis Point
source : investopedia.com
What's is Basis Point ?
A basis point is a unit of measure used in finance to describe the percentage change in the value or rate of a financial instrument. One basis point is equivalent to 0.01% (1/100th of a percent) or 0.0001 in decimal form. In most cases, it refers to changes in interest rates and bond yields.
The easiest way to convert basis points into a percent form is by simply taking the amount of basis points and multiply by 0.0001 which will give the percent in decimal form
6 Movies of 2007
6 Movies which I liked most in 2007
1. Happy Days
2. Dhee
3. Chiruta
4. Mantra
5. Shivaji
6. Chandamama
here is the Top 10 list for year 2007 as per IdleBrain
Top 10 2007
6 Basic's of Futures
Want to Invest in Futures ?
Here is the 6 basic terms that you should understand before investing in futures
1. Open Interest
2. Premium
3. Discount
4. Short covering
5. Stop Loss Order
6. Volumes
Open Interest : Number of open contracts that are active.
Premium : The positive difference b/w the price of the stock in futures contract for a month to that of actual price
Discount : The negative difference b/w the price of the stock in futures contract for a month to that of actual price
Short Covering : Closing the open position to cover for the losses or delivery
Stop Loss Order : A stop loss is an order to buy (or sell) a security once the price of the security climbed above (or dropped below) a specified stop price
Volumes : The total amount of contracts that changed hands in futures market in a trading day.
Price | Open Interest | Interpretation |
| Rising | Rising | Market is Strong |
| Rising | Falling | Market is Weakening |
| Falling | Rising | Market is Weak |
| Falling | Falling | Market is Strengthening |
read more .... O.I
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