You can definitely expect these in 2010
In this issue:
» 2010 to witness 18 public sector IPOs
» Sensex post the highest annual gain in 18 years
» Emerging markets still have a upside says Mobius
» A country on the verge of default
» ...and more!!
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The reason for the rush to the primary market is not hard to understand. The government needs money. For its social sector programmes and to bring down the burgeoning fiscal deficit. Given the liquidity in the system and the RBI not showing any signs of tightening it, we believe the stage is set for the government to access it through the stock markets.
Another interesting set of IPOs will emerge from the life insurance sector. At least a few of the 23 players in the industry are likely to access the markets after the regulator has halved the pre condition of 10 years of business to 5.
Interestingly, a key challenge for both the PSU and Insurance IPOs will be disclosure of information and governance issues. As and when they come, we will be looking at them on a case by case basis, especially with regard to valuations. We do believe a greater variety of listed companies provides greater depth to the markets and more choice to investors. As such, we look forward to the issues.
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Chart of the day |
Source: Energy Information Administration, US Department of Energy
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Other laggards in the EU are not in the best of health either. And time seems to be fast running out. EU heavyweights like Germany, France and other Northern European countries are showing signs of economic improvement. Thus, if the trend persists, the European Central Bank (ECB) may even think of raising interest rates. However, this may work to the enormous disadvantage of the fringe players like Greece who may want to continue with the stimulus a little longer. Thus, what happens once ECB starts raising rates would be one of the key events to look out for in the New Year. Needless to say, if any of these economies come under strain, the global financial system might also come under strain. Especially given how integrated it has become in recent years.
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All in all, 2009 has been a truly exciting for Indian investors . From the depths of fear in March, sentiment moved to the heights of optimism. Now as we move into a new year, caution (though with a tinge of hope) is the buzzword.
As you assess your portfolio's performance during the past year and also some lessons that the year must have taught you, we hope 2010 brings you a lot of good times to buy quality stocks to help build the portfolio of a lifetime.
04:55 |
Today's investing mantra |
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19 Responses to "You can definitely expect these in 2010"
mervynsequeira
Dec 31, 2009china produces the largest amont of lithium in 2010-2020
it will produceone billion cars run on lithium and export to india
let me know a good stock which produces lithium
also stocks of alternate energy such as wind and solarpower such as suzlon wind energy
please research and let us know in hidden treasures thanks
Prejish
Dec 31, 2009Your articles were good in 2009 and we hope it would be the much better in 2010. Trying to make it the best will be the driving factor for your team. Keep up the good work.
Happy New Year to Ajit Dayal and his entire team !!!
Warm Regards,
Prejish Nair
Saroj Dhotre
Dec 31, 2009Namaskar!
Thanks for such a informative article,that gives Bird-Eye-View of the World Economy,in short.
Sentimental Investers like me are always in search of such pins that break the balloons,artificially created. Thanks!
S SURYAPRAKASAM
Dec 31, 2009Dilution of share of equity in PSUs for investment in social sector:
1. lot of misuse by Govt. machinery dilutes the essence of it.
2. can resort to currency printing to an extent of say, 1.00 lakh crore as already similar quantum of fake currency already in circulation.
3.Dilution does not improve their efficiency nor arrest spillages, instead helps in milking the cow dry.
4. Reducing Subsidies in Oil and Fert. sectors and diverting such savings to social sector is a better option.
5.Food inflation will continue and may increase also with increasing mouths, reducing yields due to loss of fertility, increasing vagaries of monsoon / rains worldwide etc.
6. Stop export of iron ore for progeny.
Follow China's example.
Vicky Oberoi
Dec 31, 2009The article is a collection of many important facts. keep it up!!!great Job.......Happy new Year!!!
prashant
Dec 31, 2009After going through Equitymaster report about prediction for the year 2010 I have dropped the idea of redumption of M/F really good guidlines.
P.B.CHOWDARY
Dec 31, 2009excllent article. one should read before investing in the coming year 2010.
Amulya
Dec 31, 2009The article is amazing & informative. It doesnt come as a surprise since eguity master always keeps us updated about latest happenings in trade.keep up the great job!
Gautam Panda
Dec 31, 2009I am an Economics teacher.The informations I received everyday is very much useful to update my knowledge.I use these informations in teaching as well as to manage my portfolios.Thank you equitymaster.Happy New Year.