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"
Abhijeet Singh
Jan 2, 2010Hi, 5 min wrap up team...
First of all, wish you a very happy new year.Its not just this issue but all the issues I have been reading, provided good insight truly in 5 min.
I wish you great success in future.
Best Regards
Prem Singh Dhankar
Jan 1, 2010"PAST IS HISTORY & FUTURE IS MYSTERY" so donot think get layed by false indications- remember january 2009? be cautiousif 22000 is the possibility 11000 could become reality! Capt. P.S POSWAL should take whatever gains he is getting, then restart the game again- never put your gains - back to risk. Well, thanks for all the views.
capt. p.s poswal
Jan 1, 2010thanks.......i have dropeed idea to redeem my mutual funs and rather will be more furious in investing in coming 3 months....keep it up
Ashok Roy
Jan 1, 2010Indianmarket willgrow beyond the experts imagination. Investors have gained good knowledge of the healthy performance of midcaps / smallcaps as well. Sensex will cross 22000 by the end of 2010. HAPPY NEW YEAR.
S.K.Damani
Jan 1, 2010Ever thought that in future the metal gold and 'Black - Gold' will have nay co-relation. Very soon both will be in short supply.
Thanks
K.D.Viswanaathan
Jan 1, 2010The well-reasoned and well-meant reports that find place in Equitymaster have been of great guidance value to the multitude of investors in stocks,who read them regularly. Your efforts are laudable. The investors look for a lot more from you in the new year 2010 and in the years to follow.
Kapil Kulkarni
Dec 31, 2009Excellent article. Individuals has to keep themselves updated if he/she wishes to remain invested in the market for a longterm. The latest updates given by Equity Master helps a layman to know where to invest, how to invest and when to invest. I wish all the best to all investors for the coming year 2010.
Invest wisely and earn wildly.
srinivasu
Dec 31, 2009very good and informative.
kindly post your views on unit linked life insurance polices.
thanks and i wish all the readers a very happy new year!
MOHAN
Jan 2, 2010THANK YOU FOR GIVING OUS ENORMOUS KNOWLEDGE ABOUT CURRENT MARKET SENARIO. VERY HAPPY NEW YEAR & DECADE TO ALL READERS OF EQUTY MASTER.