X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Indian stocks, railway budget & more... - Views on News from Equitymaster
 
 
  • PRINT
  • E-MAIL
  • FEEDBACK
  • A  A  A
  • Feb 27, 2008

    Indian stocks, railway budget & more...

    • Asian stock market indices are trading strong currently, with major gains seen in shares trading in Hong Kong, China and Singapore. These markets have seemingly taken cues from the US indices that closed in the positive yesterday. Gains in the US markets, for third day in a row, were despite concerns regarding continued problems in the housing market, rising inflation and weakening consumer confidence. On the other hand, the dollar continued its weak run against major currencies like the Euro, largely in anticipation of a further rate cut by the Federal Reserve in its next monetary policy meeting.

      Indian stock market, in the meanwhile, continue to trade amidst caution. With valuations across sectors remaining fair (even after the recent meltdown), participants seem a little jittery, as seen from investment data of FIIs and domestic mutual funds. As a matter of fact, FIIs have sold a net of US$ 440 m in the month of February, after selling a net of US$ 3.2 bn in January.


    • Train travel is set to become cheaper, as the Indian railway minister has announced a slew of discounts to take on competition from the low cost airlines. In his budget speech yesterday, which was his fifth in a row, emphasis was laid on improvement in the railway infrastructure as well as ways to tackle competition for freight from roadways. The minister began by reciting the following words - "Sab kah rahe hain humne gazab kaam kiya hai. Karoron ka munafa har ek shaam diya hai. Phal salon yeh ab dega, paudha jo lagaya hai. Sewa ka, samarpan ka, har farz nibhaya hai." (Everyone is saying that we have done a wonderful job. We have been highly profitable with each passing year. The seed we have sowed shall reap fruits for years to come. We have dutifully practiced the virtues of caring and dedication).

      The Indian railways have surely been a turnaround story, as seen from the performance over the past few years. A leading business newspaper reported today that it is the only ministry of the central government that meets all its expenses through own revenues. This could well be an example for all other central and state ministries, which have bloated budgets to meet expenditure that are wasteful at so many times. Interestingly, the central government's interest payments are greater than the incremental debt it assumes each year. This is one issue that the finance ministry needs to tackle before things go out of hand. Strong economic growth of the last 5 years has hidden many discrepancies in the government's fiscal management. Any economic slowdown might well bring the cat out of the bag!

     

     

    Equitymaster requests your view! Post a comment on "Indian stocks, railway budget & more...". Click here!

      
     

    More Views on News

    How to Ride Alongside India's Best Fund Managers (The 5 Minute Wrapup)

    Jun 10, 2017

    Forty Indian investing gurus, as worthy of imitation as the legendary Peter Lynch, can help you get rich in the stock market.

    How To Read Your Mutual Fund Account Statement Correctly (Outside View)

    Aug 17, 2017

    PersonalFN simplifies the mutual fund account statement for you.

    This Small Cap Can Drive Chinese Players Out of India (and Make a Fortune in the Process) (The 5 Minute Wrapup)

    Aug 17, 2017

    A small-cap Indian company with high-return potential and blue-chip-like stability is set to supplant the Chinese players in this niche segment.

    Which Gods Will Bring Down the US Empire? (Vivek Kaul's Diary)

    Aug 17, 2017

    Mr Trump is in the White House and the gods are in their heavens; what's not to like?

    Will They Haul Off Trump's Statue, Too? (Vivek Kaul's Diary)

    Aug 16, 2017

    All across the country, the old gods become devils. New, gluten-free gods take their places...

    More Views on News

    Most Popular

    Demonetisation Barely Made Any Difference to Tax Collections(Vivek Kaul's Diary)

    Aug 7, 2017

    The data tells us quite a different story from the one the government is trying to project.

    A 'Backdoor' to Multibaggers: It's Like Investing in Asian Paints Ten Years Ago(The 5 Minute Wrapup)

    Aug 10, 2017

    Don't miss these proxy bets on growing companies or in a few years you will be looking back with regret.

    Should You Invest In Bharat-22 ETF? Know Here...(Outside View)

    Aug 8, 2017

    Bharat-22 is one of the most diverse ETFs offered so far by the Government. Know here if you should invest...

    Signs of Life in the India VIX(Daily Profit Hunter)

    Aug 12, 2017

    The India VIX is up 36% in the last week. Fear has gone up but is still low by historical standards.

    7 Financial Gifts For Your Sister This Raksha Bandhan(Outside View)

    Aug 7, 2017

    Raksha Bandhan signifies the brother-sister bond. Here are 7 thoughtful financial gifts for sisters...

    More
    Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
    Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

    LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

    SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

    Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
    Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
     

    Become A Smarter Investor In
    Just 5 Minutes

    Multibagger Stocks Guide 2017
    Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
    We will never sell or rent your email id.
    Please read our Terms

    S&P BSE SENSEX


    Aug 18, 2017 10:46 AM

    MARKET STATS