NSE Holidays 2011: BSE Holidays 2011: List-India Stock Exchange (Stock Market) Holidays 2011

As the new year 2011 is approaching and the year 2010 is coming to a close,NSE BSE Holidays its time to know about the Trading Holidays of 2011 in India and Indian Stock Exchanges of BSE and NSE

Below, we provide you a list of holidays when there will be no trading done on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
Wishing all the readers, traders and investors a happy and frutiful New year 2011.

Bombay Stock Exchange (BSE) Holidays 2011

National Stock Exchange (NSE) Holidays 2011

The two primary stock exchanges of India, the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will remain close for trading for the following days in the year 2011:

BSE Holidays List 2011 / NSE Holidays List 2011

Day,Date Holiday
Wednesday 26th January, 2011 Republic Day
Wednesday 2nd March, 2011 Mahashivratri
Tuesday 12th April, 2011 Ram Navmi
Thursday 14th April, 2011 Dr. Babasaheb Ambedkar Jayanti
Friday 22nd April, 2011 Good Friday
Monday 15th August, 2011 Independence Day
Wednesday 31st August, 2011 Ramzan Id
Thursday 1st September, 2011 Shri Ganesh Chaturthi
Thursday 6th October, 2011 Dassera
Wednesday 26th October, 2011 Diwali Amavasya (Laxmi Pujan)
Thursday 27th October, 2011 Diwali Balipratipada
Monday 7th November 2011 Bakri-Id
Thursday 10th November, 2011 Gurunanak Jayanti
Tuesday 6th December 2011 Moharum


Also note that the special Muhurat Trading for Diwali also known as the Diwali Muhurat Trading 2001 / Deepavali 2011 Muhurat Trading will be conducted on Wednesday, the 26th of October, 2011 which haapens to be the Diwali Amavasya or Lakshmi Pooja Holiday

Please note that some other bank holidays are falling on weekends, and hence they are not included in the list of exchange BSE and NSE Holidays 2011.
Although due care has been taken in providing the above information, please note that there may be errors and changes after this info is published. Readers are advised to check with the respective official agencies for confirmation

Trade E-Silver National Spot Exchange (NSEL): Commodity Trading

There is some good news for the traders and investors who wish to bet their money on precious metal commodities. The National Spot Exchange of India has come out with a good product called E-Silver through which small investors as well as big investors can trade Silver on the NSEL. In this article, we will cover details about what is E-Silver, how it can be traded and what are the benefits of trading E-Silver as a commodity product.

Trading Silver as Commodity through E-Silver

Let's start with the basics first.
What is E-Silver? Silver ETF E-Silver

E-Silver is a trading and investment product which is offerd by National Spot Exchange of India and aimed at offering trading as well as investment opportunities to small investors as this product can be traded with small amounts of money.
Till now, Precious commodities like Gold and Silver were being traded only in large quantities, so they were out of reach of common man or better to say small investors who wished to trade these commodities. Although Gold can be traded in small amounts through Gold based ETF's - see details, there was no similar product for trading silver. Now, through E-Silver, small traders and investors can bet their money on Silver prices and attempt to benefit from Silver trading.

What will be underlying the E-Silver as a product? How will E-silver trading work
This is the crux of silver trading. Silver can be traded through E-Silver in small quantities - like 100 grams and its multiples. So 1 unit of E-Silver will be the cost of 100 grams of Physical silver, as available in the market (around 2750 Rs. as of now). So this will allow small investors who can trade silver in small amounts.
Similar product called E-Gold which was launched by NSEL in March 2010 has also been a good success.

Why is E-Silver introduced?
Riding high on the success of E-Gold, the National Spot Exchange has offered similar product for Silver.
As we all know, silver prices in the recent past have given excellent returns. However, small investors have always been left out as there is no silver based ETF available for trading in India or any other silver based product suitable for trading and investing in silver in small amounts.
NSEL is trying to offer a silver based product so that small investors can also trade on silver prices.
Morever, this can also bring in a kind of uniformity in prices across the country, as silver prices will now be available (and can be referred benchmarked) against the E-Silver product prices, as trading goes on on NSEL. Irrespective of whether the silver trader is in Delhi or Kanyakumari, he will get the same price of silver across the geography.

How will E-Silver trading happen?
The price of E-Silver units will be in multiples of 10 paisa ticks.
Trading day will be for a long period - 10 AM to 1130 PM.
Settlement Cyce will be T+2

What are the risks involved in trading E-Silver?
Of course there is the risk of price movements. You may have a BUY position and then the price starts to go down, or vice versa, you will be in a loss.
Dont just go by the historical price rise. Market works randomly and what has been going up till now can start falling down. See Historical Performace of Gold ETF and how it has varied over long periods of time.
Also note that it will be a 13:30 hr long trading day. So from a trader's perspective, it will be a really long day and one will be required to keep close eye on his silver positions for long periods of time. Also note that Sivler prices are decided internationally.
Then, NSEL or National Spot Exchange is a relatively new exchange. Not all brokers provide trading in NSEL. So investors or traders who wish to bet their money on E-Silver, might have to spend money on opening accounts with the brokers who offer NSEL trading.
Transaction costs will again be another thing to look at and it will vary from broker to broker.

BSE TASIS Shariah 50 Index: India's Shariah Index for Islamic Investments

India has got its first Shariah compliant Index which strictly follows the Shariah Guidelines which are drafted by local India based Shariah Advisory board. The index is called BSE TASIS Shariah 50 Index and will be available from 27th December 2010 onwards.

What will be the composition of BSE TASIS Shariah 50 Index? BSE TASIS Shariah 50 Index
The top 50 companies listed on BSE which will adhere to the criteria set for the BSE TASIS Shariah 50 Index will form this Index. These 50 companies will be from the BSE 500 index, that means 50 out of 500 top BSE companies will form this BSE TASIS Shariah 50 Index

What will be the use of this BSE TASIS Shariah 50 Index?
The launch of this index will enable various investment firms and brokerage/mutual fund houses to start investment schemes like Mutual funds, Exchange traded funds, etc. which will be based upon this BSE TASIS Shariah 50 Index. Read more about working of Islamic Mutual Funds: How Sharia Mutual Funds Work?.
These kinds of mutual funds, ETF's and investment products fall under the umbrella of what is called Socially Responsible Mutual Funds. Read more about Socially Responsible Mutual Funds

What are the benefits of investment products based on BSE TASIS Shariah 50 Index?
There is a big investor community, in India as well as abroad, who wishes to follow Shariah guidelines for investments. Hence, the Shariah compliant products offer them a good opportunity to invest as per their religious beliefs.
For the investment companies and exchanges, it presents another opportunity for big business. As many shariah based investors are still not investing in the open market, having investment products based on shariah guidelines will help them get these investors and mean big business for them.

The screening of the constituent stocks in BSE TASIS Shariah 50 index will be done on a monthly basis. Non compliant sotcks will be moved out and those which qualify will be included.
The index will be licensed for the construction of Shariah compliant financial products including mutual funds, ETFs, and structured products, and that is this licence fee will generate the revenue for BSE. The index is being launched as a joint partnership between BSE and Taqwaa Advisory and Shariah Investment Solutions (TASIS)
NSE is also reported to have the S&P CNX 500 Shariah Index, which is based on the Free Float Market Capitalization Weighted Methodology

Twitter-Based Hedge Fund - Review, Analysis, Risks & Details

The world of investments is full of surprises - and innovations (atleast coming up with new ideas for investments).
And this is what a London based investment firm is planning to do. It is attempting to come out with an investment product, expected to be a Hedge Fund, which will be based on Twitter.

Twitter-Based Hedge Fund

Does that sound interesting - or unimaginable? But that is what is expected to happen if this hedge fund comes to reality. Millions of Sterling Pounds will be betted in the stock market through this Twitter based hedge fund, if this becomes a reality.

How will the Twitter-Based Hedge Fund work?
Twitter-Based Hedge Fund Working Explained: Any model, any algorithm, any trading strategy in the stock markets is based upon certain assumptions. The same is true with the Twitter-Based Hedge Fund working assumptions as well.
It is claimed that some recent research has shown about the mood of twitter tweets and apps usage can be used as a guide to predict the stock markets up or down movements.
The stock markets and the updates on the social networks, both work on one thing called the Human Sentiments. The messages that people post on their social network status can be a key to their mood.
Here is a picture/flowcart explaining how the Twitter-Based Hedge Fund will work to extract the stock market mood from the tweets.
Twitter Stock Market Prediction

If someway, one can effectively track the stock market participant moods from their social network status, then there is a chance of good success in predicting the stock market trends and this is what will be the basis of Twitter-Based Hedge Fund and its working.

What are the risks and challenges in the Twitter-Based Hedge Fund ?
Nothing in this world is risk free. Twitter-Based Hedge Fund
The first and foremost thing is that this hedge fund is based on placing trades on human moods as predicted from their social networks.
That itself poses a big challenge. Observe so many dependencies which are here.
First, extracting a list of legitimate people who will be active in stock markets and following them. There have been many fake profiles around
Second, what is the guarantee that these legitimate people will post their real mood.
Third, even if they do post their real mood, will they post it regularly?
Fourth, Is it really possible to extract the information on stock market trends based upon the calm or anxious language used in the status posted on social networking sites like twitter.

As you can see, there are many dependencies.

Which investment firm is launching the Twitter-Based Hedge Fund ?
Derwent Capital Markets from London will be launching this Hedge fund.
Since it is a hedge fund, it will be common investors money which will be betted on.

What is the success rate claimed for the Twitter-Based Hedge Fund ?
The research report which studied the correlation of twitter moods and stock market movements claims a accurate or success rate of huge 87.6% on a saily basis for index like DowJones. Each model, when introduced, claims a high success rate. However, things fall apart when the real trading and investment business happens.
How much of this will be actually true in real world of hedge fund trading, can be checked only after this hedge fund begins its operation.
Investors need to take a call on investing in this Twitter-Based Hedge Fund

GoAir IPO: Review Analysis & Details of Go Air IPO

There is unconfirmed news about an airline based IPO to hit the primary stock markets very soon. The news has come out about the financial arm of GoAir or GO Air called GoAir , which is expected to come out with its IPO pretty soon. GoAir arm has decided to come out with the Initial Public Offering or IPO.
In this article, we will look at the Review, Analysis and Details of the GoAir IPO and try to do the Review and analysis of GoAir IPO.

GoAir IPO: Review Analysis & Details

Some basic details first about the GoAir IPO, which are available as of now:

- The size of GoAir IPO is not exactly known, but as per the reports the size of the GoAir IPO will be around 400-500 Crore Rupees

- The majority of the capital collected through the GoAir IPO will be used to repay debt and to buy some new aircraftst to add to the GoAir fleet GoAir Logo

What are the primary reasons for GoAir to come out with the GoAir IPO?
The main reason for any company to come and list its shares in the stock market is to collect money from common public and so is the case with GoAir IPO
The money collected will be used by the company to repay its debts and to buy additional aircrafts. It is reported that the company is planning to double its no. of aircrafts from existing 10 to 20 airplanes by 2014-2015. In the short term, it is planning to add atleast 3 airplanes by the year 2011

So what is the needs of GoAir to come out with the GoAir IPO?
The aviation industry in India is showing some good growth signs, so the company management is reported to be hopeful about the IPO. However, its the investors who should take the call.
Business Expansion, Repayment of debts and loans are good enough reasons to be quoted for an IPO. However, one must note that an IPO is no guarantee of sure shot returns. Please read our previous article Investing in Airline Companies? for a detailed analysis about airline stocks and their performance.

What is the issue size of the GoAir IPO?
No info about that except that the company plans to raise 400-500 Crore Rupees from the GoAir IPO.
What is the price band of GoAir IPO?
It is reported that the recommended price band for GoAir IPO is not yet decided.

How many shares will be sold in the GoAir IPO?
The total no. of shares to be sold through this IPO is not known precisely.

What are the IPO dates for GoAir IPO
The IPO dates have not yet been finalised. But the IPO is expected to hit the markets sometimes in the next few months. The reason for this is that the airline sector has shown around 25% growth in November 2010. The same is expected to accelerate further and reach around 35-40% growth rate.

How will the capital raised by GoAir IPO be used?
It will be used for business expansion by purchase of new aircrafts and for repayment of debts.

Any ratings given to GoAir IPO?
No information about that as of now.

What are the analysts recommendations and business results for GoAir IPO?
No details available as of now. But one must be cautions about airline stocks. The reason is that historically, majority of the airline companies have posted not good returns - airline is not among the best performine sector in the stock markets.
Moreover, the aviation sector is strictly controlled by the government & regulations. In countries like India, we have recently seen new regulations about airlines should post their maximum fares on their websites in advance. All this is good for common passengers, but might be bad for investors of airline companies.
However, the IPO is a different story. One may make good returns in the short term, say by applying for IPO and selling it for profits on the listing date. Investors to take the call in the random markets

South African Rand Forex Currency Notes & Exchange Rates: Images

Continuing our series on Forex Currency Notes, today in this article we will be covering the . If you wish to know about other forex currencies and their details, click on the link All Forex Articles.
As stated earlier, Foreign Exchange is required by any traveller who is willing to travel abraod - i.e. outside his home country where the currency in curculation might be different. It is very important to be familiar with the currency of that particular country, otherwise you might be cheated. Say before starting your journey, one of the "unknown" forex broker gives you foreign currency at quite cheap rate. But afetr buying the forex and reaching the destination country, you learn that the currency you bought is forged.
Or you may Buy 1000 South African Rands from your known forex brokers in the denomination of 200 rands * 5 notes. When you reach the destination country, some seller noticing that you are new to that country, might trick you while you make a purchase of 10 Rands, and return you some forged notes for the balance 190 rands.
Hence, it is very important to be familiar with the forex currency before you get into any kind of transactions.
You can buy/sell the forex currency from local foreign exchange brokers or forex brokers as they quote good competitive rates.

South African Rand Forex Currency Notes Picture


Let's begin with the series with the South African Rand Forex Currency and the Foreign Exchange details. Here is an image of the South African Rand Currency Notes which are in circulation.
As you can see, all the notes of South african Rand Currency are filled with Animal pictures indicating the rich wildlife and that is the distinct feature clearly noticable on the South african Rand Currency Notes. Here is another picture of South african Rand Currency Notes (sourced from Wiki)
As shown in the picture above, the South African Rand Currency notes come in the denominations of 10, 20, 50, 100 and 200 Rand. There are South African Rand Coins also called the Cents, which come in denominations of 5, 10, 20 and 50 cents. You might also find coinds for 2 and 5 rands.

Please note that above image or picture of South African Rand is just for illustration purpose to give a look and feel of South African Rand currency notes to travellers who are interested in dealing in South African Rand Forex. It is not to be used for any other purposes.
Whenever you buy foreign exchange currency from someone, please always take care of the following points:

1) Always buy/sell Forex currency (like South African Rand) through a registered foreign exchange brokerage firm or forex trading firm

2) Always insist on receipt of the transaction

3) Chances are that in some countries you may be asked to provide some documents (like copy of of passport, visa etc.) to buy/sell the forex currency notes. While handing over the copies, do mention on them some info like "For buying 1000 South African Rand on (date) from (Forex Broker Firm name)". Such things ensure that your documents are safe and cannot be misused
At the time of writing this article, the forex rate for 1 South African rand = 0.141243 U.S. dollars

L&T Finance IPO: Review Analysis & Details of Larsen and Toubro Finance IPO

Another IPO is set to hit the primary stock markets very soon. The news has come out about the financial arm of Larsen and Toubro or L&T called L&T Finance, which is expected to come out with its IPO in the next month of January 2011. L&T Finance arm has decided to come out with the Initial Public Offering or IPO.
In this article, we will look at the Review, Analysis and Details of the L&T Finance IPO and try to do the Review and analysis of L&T Finance IPO.

L&T Finance IPO: Review Analysis & Details

Some basic details first about the L&T Finance IPO, which are available as of now:

- The size of L&T Finance IPO is Rs 1,245 Crore, and the reports are that the dilution for L&T Finance IPO will be around 15-17% L&T Finance Logo

What are the primary reasons for L&T to come out with the L&T Finance IPO?
The main reason for any company to come and list its shares in the stock market is to collect money from common public and so is the case with L&T Finance IPO
However, the most important thing to note is that L&T Finance is already operational - L&T Finance is one of the leading NBFCs in the country and offers a wide spectrum of financial products and services for trade, industry and agriculture.
What you are going to see through this IPO is that this financial arm of L&T will be listed as a seperate entity on the stock exchanges.

So what is the needs of L&T to come out with the L&T Finance IPO?
The aim of L&T Finance is to get a banking licence to start banking operations in India.
As the Indian market opens up for more private players and organizations in the retail banking space, the requirements for obtaining a banking licence will be available by March 2011. L&T Finance has already restructured itself so as to become a potential candidate to apply for the banking licence. This L&T Finance IPO is being seen as an attempt by the management to get the required capital to fulfilling the needs of starting the banking operations.
There is also news that the money collected through this IPO will be passed on to the five subsidiaries-- L&T Infrastructure Company, L&T Finance, India Infrastructure Developers, L&T Investment Management and L&T Mutual Fund Trustees
What is the issue size of the L&T Finance IPO?
The L&T Finance IPO size is Rs 1245 Crores

What is the price band of L&T Finance IPO?
It is reported that the recommended price band for L&T Finance IPO is Rs. 51 to Rs 59 per share. Final price to be decided by the 100% book building process

How many shares will be sold in the L&T Finance IPO?
The total no. of shares to be sold through this IPO is not known precisely. However, it is known that there will be 15-17% stake dilution .

What are the IPO dates for L&T Finance IPO
The IPO dates for L&T Finance IPO are July 27 to July 29, 2011

How will the capital raised by L&T Finance IPO be used?
Growth is the buzzword, and the capital collected will be distributed to the five subsidiaries of the company as mentioned above. They need money and capital infusion for fuelling growth.

Any ratings given to L&T Finance IPO?
No information about that as of now.

What are the analysts recommendations and business results for L&T Finance IPO?
The company is in business since 1950 - L&T in itself is a good reputed name in India. Analysts are expecting a good response to the IPO and even in this lacklusture period where there is huge volatility in the stock market with a negative bias, experts believe that investors should apply for this L&T Finance IPO.

Malaysian Ringgit Forex Currency Notes & Exchange Rates: Images

Foreign Exchange is required by any traveller who is willing to travel abraod - i.e. outside his home country where the currency in curculation might be different. Before starting the travel, the simplest way to buy the foreign currency is from your local forex exchange shops or brokers who deal in foreign exchanges. After your abroad trip, you can also sell the remaining foreign currency back to the same broker at that day's prevailing rate. Other places to buy forex currecny is at the airports where you have the authorized money exchangers, but the problem there is that the rates are too high for buying forex and too low for selling forex, hence you end up on the loosing side.
So what most of the people do is buy/sell the forex currency from local foreign exchange brokers or forex brokers as they quote good competitive rates.

Malaysian Ringgit Forex Currency Notes Picture

However, there is still a problem. You are travelling to a new country and you dont know anything about its currency. There are chances that you may end up becoming a victim of forged or fake forex currency being sold to you. Hence, it is very important for you to have some idea or say a visal image of the forex currency with some basic details.
Hence, in this series of articles focussed on Forex Currency and Foreign Exchange related information, we will provide you with the digital images of the various forex currencies so that your get a look and feel of how the forex currency looks like. Along with that, we will also cover details about the denominations of currency notes in which a particular currency is available.
Let's begin with the series with the Malaysian Ringgit Forex Currency and the Foreign Exchange details. Here is an image of the Malaysian Ringgit Currency Notes which are in circulation.
As shown in the picture above, the Malaysian Ringgit Currency notes come in the denominations of 1, 5, 10, 20, 50 and 100 Ringgit. There are Malaysian Ringgit Coins also called the Cents, which come in denominations of 1, 5, 10, 20 and 50 cents.

Please note that above image or picture of Malaysian Ringgit is just for illustration purpose to give a look and feel of Malaysian Ringgit currency notes to travellers who are interested in dealing in Malaysian Ringgit Forex. It is not to be used for any other purposes.
Whenever you buy foreign exchange currency from someone, please always take care of the following points:

1) Always buy/sell Forex currency through a registered foreign exchange brokerage firm or forex trading firm

2) Always insist on receipt of the transaction

3) Chances are that in some countries you may be asked to provide some documents (like copy of of passport, visa etc.) to buy/sell the forex currency notes. While handing over the copies, do mention on them some info like "For buying 1000 Malaysian Ringgit on (date) from (Forex Broker Firm name)". Such things ensure that your documents are safe and cannot be misused

Manganese Ore IPO: Market Experts Recommendations for MOIL IPO

The time has come for Manganese Ore MOIL IPO to hit the primary markets tomorrow, i.e. Friday.
We had given the details and review about the much awaited Manganese Ore IPO in our article Manganese Ore IPO: Review Analysis & Details. Today, we continue on the same topic covering the details about the expert opinions for the Manganese Ore IPO as per the various market voices and whether the investors should subscribe to this MOIL IPO or not.
In general, the market mood is that Manganese Ore IPO should be subscribed to

Many experts and analysts believe that the offered price band of Manganese Ore IPO which is set at Rs 340-375 per share competitive enough for investors to give it a shot through the IPO. Manganese Ore Logo Compared to its peers and other companies in the ore business, this IPO looks attractive when one sees it from the PE multiple ratio. At the lower and upper price bands, the PE multiple is hovering from around 8.5 to 9.5 times the FY11 earnings, which makes it real attractive.

If you look at the past 2 years of performance of this company, you will see that the performance has not been upto the mark. However, that can be attributed to the general global recession phenomenon and problems across the world economy. Going forward, outlook appears to be good and hence this company is expected to perform well. For long term investment horizon, this company is expected to give good returns with respect to the IPO price band of Rs 340-375 per share. For the long term investors, the situation is expeted to be good.
Dont expect real big returns of 30% or so from MOIL IPO, as it happened with Coal India IPO.
India is a fast growing market and Manganese Ore holds the monopoly in Indian Manganese market. Analysts believe that more technological advances will help Manganese Ore to get more profits in long term, so it is recommended even for a long term hold.
Investors should take the call as per their risk appetite. These are expert opinions which are subject to market risks. See more details on Hindustan Copper FPO IPO: Review and the upcoming Shipping Corporation SCI FPO IPO: Review

Shipping Corporation SCI FPO IPO: Review Analysis & Details of Shipping Corporation of India SCI FPO IPO

It's the season of IPO's and FPO's. Most importantly, majority of them are coming from the Government of India which is attempting to capitalize upon the easy money collection opportunities offered by Stock markets through IPO and FPO.
The FPO or follow-on public offer of the another government owned healthy company called Shipping Corporation of India SCI Limited is coming up. Investors who are interested in applying for this FPO or IPO should note that this is NOT an IPO, rather it is an FPO since the Shipping Corporation of India SCI Shares are already listed on the stock exchanges. As reported earlier, the Coal India IPO was a huge success a few days back, and then we have a Power Grid FPO IPO: Review Analysis & Details and Manganese Ore IPO: Review Analysis & Details followed by Hindustan Copper FPO IPO: Review.
In this article, we will look at the Review, Analysis and Details of the Shipping Corporation of India SCI FPO and try to do the Review and analysis of Shipping Corporation of India SCI FPO.

Shipping Corporation of India SCI FPO: Review Analysis & Details

Some basic details first about the Shipping Corporation of India SCI FPO, which are available as of now:

- The SCI or Shipping Corporation of India SCI is the largest shipping company of India
- The details about FPO price of Shipping Corporation of India SCI is not knows as of yet. However, if the FPO price is offered at a discount to the current price, it is worth subscribing to the FPO
- Being a Navratna company, it is recommended for both a medium term and long term hold

What is the issue size of the Shipping Corporation of India SCI IPO?
A total of 8,46,90,730 shares will be sold through the FPO. Shipping Corporation of India SCI IPO
What is the price band of Shipping Corporation of India SCI IPO?
No official confirmation as of yet.

How many shares will be sold in the Shipping Corporation of India SCI IPO?
The total no. of shares to be sold through this IPO is a total of 8,46,90,730 shares.

What is the trading symbol & exchange for the Shipping Corporation of India SCI IPO
No info about that

What are the IPO dates for Shipping Corporation of India SCI IPO
The Shipping Corporation of India SCI IPO FPO dates are expected to be November 30, 2010 to December 3, 2010.

Any ratings given to Shipping Corporation of India SCI IPO?
No information about that. However, being a Navratna company already listed in the stock markets, this is known to be having very good fundamentals

What are the analysts recommendations and business results for Shipping Corporation of India SCI IPO?
First the good news for retails investors - retail investors will get a 5% discount on this FPO since it is a government owned company. The same discount applies for Shipping Corporation of India SCI Employees as well. The employees will also get the 5% discount.
Another good news is that the retail investors can now bid with the 2 Lakh upper limit, as per the new SEBI norms. Hence, the more money you have, the more you can play around with. But please note that this is an FPO, not an IPO. So the prices will be dependent on the existing listed shares. Dont expect to double your money through this FPO.

Whether to invest in this company or not is the big question. Most of the market experts believe that the SCI or Shipping Corporation of India has very good fundamentals. The pricing of this SCI or Shipping Corporation of India FPO will be the most important criteria for this FPO subscription. See Shipping Corporation of India SCI FPO IPO: Market Experts Recommendations

Shipping Corporation of India SCI FPO IPO: Market Experts Recommendations

We continue further from our previous article Shipping Corporation of India SCI FPO IPO: Review Analysis & Details Shipping Corporation of India SCI IPO
The pricing of this FPO will be the most important criteria for this FPO subscription. In this article, we will cover details about

Market Experts Recommendations for Shipping Corporation of India SCI Limited FPO IPO


This is the largest shipping company of India and has a Liner services to all trading partners of India across the globe.
This has the capacity to carry anything and everything - dry, liquid, liquified gaseous forms of cargos and that's what gives this company a big headstart and advantage
It has 74 vessels to its fleet - offering a big variety of dry bulk carriers, passenger-cum-cargo vessels, container vessels, VLCC - very large crude carriers, crude oil tankers, product tankers, phosphoric acid and chemical carriers, ammonia& LPG carriers, and offshore supply vessels
It has also diversified into new areas of services
Both for the long term and short term holding, this stock is recommended by majority of the market experts.
Howeverm Investors should also leave some room for downside, in case the overall market collapses. The markets are going sea-saw recently. And the final price of the listing date of this FPO will be the most important. Hence, owing to various factors, the stock market may move either way and so can the price of this stock of Shipping Corporation of India SCI.
SBI Capital Markets Limited, ICICI Securities Limited and IDFC Capital are BRLM's to the FPO issue

Resale Property Purchase Checklist: for Buying a Resale Apartment/ Flat

Today, it is becoming more and more difficult to get a residence of your choice. Builders make tall claims for under-contruction apartments, quote very high charges, take years for it to complete and at the time of giving the possession, they do not deliver what was promised. Common people like you and me find it difficult to undestand the complex jargon mentioned in the agreement where everything is in favour of the builder and we fall prey to their tactics. Property Resale
However, some of these problems can be avoided if you go for a ready possession apratment or a resale property. Resale properties are the ones which are already bought & ownded by an existing customer and he is now willing to sell it off due to some or the other reasons. In this series of articles, we will provide a

Checklist for resale property purchase

which the prsopective buyers should keep in mind before signing the resale deal.
The reasons for resale of a property can be many - the real estate prices might have increased, so the seller may be willing to capitalize on that profit. The seller may be in urgent need of money. The seller might be shifting to another location or city. Or the worst of it, there may be problems with the property he has bought, so he wants to dispose it off and get rid of the problems - basically, passing on the problem to the new buyer.

The last situation mentioned above is the worst, so there the new buyer should be extra careful about buying a re-sale property or apartment.
Anyways, lets start with the Advantages Of Buying A Resale Property

Advantages Of Buying Resale Property: Resale Property Purchase Checklist

Continuing further from our previous article, Resale Property Purchase Checklist: for Buying a Resale Apartment/ Flat, in this part we present the

Advantages Of Buying Resale Property: Resale Property Purchase Checklist

. Here are the basic advantages and benefits of Buying a resale property: Property Resale

1) You get what you see. You dont have to live under the long waiting period of what builder will deliver in case of buying an under-construction flat.

2) You will know what amenities like swimming pool, clubhouse, etc. are actually available

3) You will know the maintence costs and society charges upfront

4) You can move in quickly into your bought flat. So you dont end up paying rent as well as home loan EMI's for you under-contruction flat

5) Since you get the possession immediately, you can avail tax-benefit right from your first EMI payment. Many people dont know this fact - You can claim Home loan tax benefit only when you get the possession of the flat

6) You can enquire about lots of general things from the existing neighbours living in the apartment

7) You can observe the locality and make an informed choice

8) There is no risk of the possession date being delayed by months or years by the builder, like that in case of under-construction flats. However, nothing in this world comes without disdvantages, and the same applies here as well. Head over to the Disadvantages Of Buying A Resale Property

Disadvantages Of Buying Resale Property: Resale Property Purchase Checklist

Continuing further from our previous article, Advantages Of Buying Resale Property: Resale Property Purchase Checklist, in this part we present the

Disadvantages Of Buying Resale Property: Resale Property Purchase Checklist

. Here are the basic disadvantages and benefits of Buying a resale property: Property Resale

1) Most important thing - You are on your own. Hence, if anything goes wrong with the deal, you will have to face the consequences on your own.
In case of buying an under-construction flat, there will be many people who will book it along with you. Hence, if anything goes wrong, you can fight for it as a group. But in case of a resale deal, you are all alone

2) Good Resale properties are difficult to find. You will have to most of the times depend on a real-estate agent who will pocket a fat commission for the resale property deal.

3) Another disadvantage is that you WILL have to TRUST him. Just because you are paying a fat commission to the real-estate agent, does not imply that everything will be correct in the deal

4) You cant negotiate much on resale properties - especially the good ones. Since they are difficult to find, they are quoted at high rates. Since there are many buyers, rates are higher and there is no scope of negotiations

5) You will need a good trusted lawyer to ensure that all your deal papers are proper and not putting you in a mess. That again comes at a big cost

6) You might end up buying an old apartment, which might require lot of maintenance expenses after you move in

7) You need to be careful about the paperwork and any ambiguous claims on the property by anyone else. next, lets head over to the Checklist for Resale Property Buying Purchase to know what all you should mandatorily check before striking the deal

Checklist for Resale Property Buying Purchase

Continuing further from our previous article, Disadvantages Of Buying Resale Property: Resale Property Purchase Checklist, in this part we present the

Checklist for Resale Property Buying Purchase

. Here is the Checklist: Property Resale

1) Dont be in a hurry to book an apartment just because you see that in a good locality. As mentioned in the Disadvantages Of Buying Resale Property article, there can be a lot of problems due to which the current owner might be selling the property

2) Try to find out the real reason for the current owner to sell the property. Remember, good things vanish soon and they are usually sold to relatives and known persons. So if you are completely unknown to the buyer, be very careful before making any committment. There might be legal or other problems with the resale property, but the owner might quote it as saying "Relocating to other city or other area", "Am in urgent need of money" and so on. Dont fall for those and do your home work

3) If you are going through a Real-estate agent, make sure you know him. Remember movies like "Khosla ka Ghosla" :)

4) Insist on checking the paper-work even before giving the token booking amount. Atleast take a copy of all the legal documents. Also, you can use RTI application to get the history details of the property from municiple corporations and check if there is any dispute on that. However, RTI applications take minimum 30 days to get an answer

5) Make sure to meet the society members of the property. Ask them about the charges for maintenance, sinking funds, etc. Also try to get info from them about any problems with the property. Ask them if there are any outstanding dues for that property

6) Ask the seller to first get a NOC or No Objection certificate from the society or the builder. Without that, the resale transaction is usually not complete. Be clear with the seller on who pays the charges for the NOC as it might cost big money

7) Check for any utility bills pending at the time of deal - like phone, electricity, etc.

8) Be very clear on parking space. It should be clearly marked on land as well as in the documents

9) Most important - the cost. Insist on the breakup of cost taken by the seller. That should include Parking space charges, lawyer fees, registration fee, society charges, stamp duty, etc. etc.

10) Check for basis fittings like electrical wiring and plumbing.
ALthough the above list gives you a detailed list, there may be many more things to check. It is also advisable to take services of a reliable lawyer for the sale before signing any Real Estate Resale Deals

Hindustan Copper FPO IPO: Review Analysis & Details of HCL Hindustan Copper FPO IPO

Many of you may have seen a new ad on the TV from Hindustan Copper Limited (HCL) with the title song "Copper ka Rang". Dont be surprised by such ad entry, because this ad is to promote the FPO or follow-on public offer of the another government owned healthy company called Hindustan Copper Limited. Investors who are interested in applying for this FPO or IPO should note that this is NOT an IPO, rather it is an FPO since the Hindustan Copper Shares are already listed on the stock exchanges. As reported earlier, the Coal India IPO was a huge success a few days back, and then we have a Power Grid FPO IPO: Review Analysis & Details and Manganese Ore IPO: Review Analysis & Details. All these were and are expected to be great success so the government has decided to come out with the follow-on public offer for Hindustan Copper.
In this article, we will look at the Review, Analysis and Details of the Hindustan Copper FPO and try to do the Review and analysis of Hindustan Copper FPO.

Hindustan Copper FPO: Review Analysis & Details

Some basic details first about the Hindustan Copper FPO, which are available as of now:

- The size of Hindustan Copper IPO is expected to be between around 4000 Crore Rupees
- Yesterday's closing price of existing Hindustan Copper shares on BSE was Rs. 407 down about 8%. This stock has been taking a big hit in recent times because of this FPO, as the FPO price is likely to be very less.
- The FPO price of Hindustan Copper is expected to be around 200 Rs. but no confirmation as of yet.
- What this means for the investors is that if instead of buying exisitng shares in open market, you can apply for this FPO and get the same shares at a much discounted price. However, whether an investor will be allocated shares in FPO is not certain, as it will depend upon the no. of bids & applications received.

What is the issue size of the Hindustan Copper IPO?
Around 4000 Crore Rupees is the size of the FPO. Hindustan Copper IPO
What is the price band of Hindustan Copper IPO?
It is reported that the recommended price band for Hindustan Copper IPO might be around 200 Rs. per share. No official confirmation as of yet.

How many shares will be sold in the Hindustan Copper IPO?
The total no. of shares to be sold through this IPO is a total of 18.39 crore shares.

What is the trading symbol & exchange for the Hindustan Copper IPO
No info about that

What are the IPO dates for Hindustan Copper IPO
The Hindustan Copper IPO FPO dates are expected to be December 6, 2010.

Any ratings given to Hindustan Copper IPO?
No information about that.

What are the analysts recommendations and business results for Hindustan Copper IPO?
First the good news for retails investors - retail investors will get a 5% discount on this FPO since it is a government owned company. The same discount applies for Hindustan Copper Employees as well. The employees will also get the 5% discount.
Another good news is that the retail investors can now bid with the 2 Lakh upper limit. So wealthy rich guys can give a shot with more money

Whether to invest in this company or not is the big question. Most of the market experts believe that the company has very good fundamentals. It has the distinction of being the nation’s only vertically integrated copper producing company as it manufactures copper right from the stage of mining to beneficiation, smelting, refining and casting of refined copper metal into downstream saleable products.
The pricing of this FPO will be the most important criteria for this FPO subscription. See Hindustan Copper FPO IPO: Market Experts Recommendations

Hindustan Copper FPO IPO: Market Experts Recommendations

We continue further from our previous article Hindustan Copper FPO IPO: Review Analysis & Details Hindustan Copper IPO
The pricing of this FPO will be the most important criteria for this FPO subscription. In this article, we will cover details about

Market Experts Recommendations for Hindustan Copper Limited FPO IPO


As we have already observed in the market that the current existing share are on a big downslide because of the FPO. The stock usually trades in the 400 Rs. range. It is expected that the FPO issue price will be around 200 Rs. which is like a 50% discount. Hence the market is adjusting the prices of exisitng shares in anticipation of the FPO price to be Rs. 200.
MoneyControl has provided a table showing how the stock prices have moved over last some time:
Hindustan Copper Share Price Changes
Period Price Latest Price Gain/Loss (Rs.) % Gain/Loss
3-Days 446.80 407.20 -39.60 -8.86
5-Days 440.70 407.20 -33.50 -7.60
7-Days 445.85 407.20 -38.65 -8.67
15-Days 441.00 407.20 -33.80 -7.66
1-Month 444.95 407.20 -37.75 -8.48
3-Month 447.25 407.20 -40.05 -8.95
6-Month 478.15 407.20 -70.95 -14.84
9-Month 578.75 407.20 -171.55 -29.64
1-Year 293.90 407.20 113.30 38.55

What the market experts say is that if the offer for FPO is made at around 200 Rs., the issue is definitely worth subscription. The current downslide in the market for Hindustan Copper Shares is because of the FPO price expectations, and should not be viewed as a problem. After the FPO, the prices of this stock will stabilise and investors can expect some good returns.
Both for the long term and short term holding, this stock is recommended by majority of the market experts.
Investors should also leave some room for downside, in case the overall market collapses. Remember the Reliance Power IPO? It was the biggest IPO in the India Stock Market at that time, but it failed miserably. Hence, owing to various factors, the stock market may move either way and so can the price of this stock of Hindustan Copper.
ICICI Securities, Enam Securities, Kotak Mahindra Capital, SBI Capital Markets and UBS Securities are BRLM's to the FPO issue

Manganese Ore IPO: Review Analysis & Details of Manganese Ore India MOIL IPO

Another IPO is set to hit the primary stock markets pretty soon. The IPO belongs to Manganese Ore India Limited, which is a mini-ratna company in India. Manganese Ore India Limited has decided to come out with the Initial Public Offering or IPO.
In this article, we will look at the Review, Analysis and Details of the Manganese Ore IPO and try to do the Review and analysis of Manganese Ore India Limited MOIL IPO.

Manganese Ore IPO: Review Analysis & Details

Some basic details first about the Manganese Ore India Limited IPO, which are available as of now:

- The size of Manganese Ore IPO is expected to be between around Rs 1000 crore.
- There will be around 20% dilution by the government, 10% by central govt and rest 5% by state governments of Maharashtra and other states

What is the issue size of the Manganese Ore IPO?
Around between Rs 1000 crore is the size of the IPO. Manganese Ore Logo
What is the price band of Manganese Ore IPO?
It is reported that the recommended price band for Manganese Ore IPO is Rs 340-375 per share.

How many shares will be sold in the Manganese Ore IPO?
The total no. of shares to be sold through this IPO is 33.6 million shares. There will be 20% stake dilution by various governments at center and state level.

What is the trading symbol & exchange for the Manganese Ore IPO
No info about that

What are the IPO dates for Manganese Ore IPO
The MOIL IPO dates are Friday 26 November 2010 to 1 December 2010

How will the capital raised by Manganese Ore IPO be used?
Although exact usage of capital raised is not known, but it is expected that it will be used for further expansion and investments into more diversified streams. For e.g., the company has entered into new streams like Ferro Manganese Plant and Electrolytic Manganese Dioxide (EMD) Plant. Also into renewable energy and setup the windfarm to be the first PSU to do so. Also planning to buy coal assets outside the country.

Any ratings given to Manganese Ore IPO?
No information about that as of now.

What are the analysts recommendations and business results for Manganese Ore IPO?
MOIL operates 10 mines, six located in the Nagpur and Bhandara districts of Maharashtra and four in the Balaghat district of Madhya Pradesh.
The reserves of manganese iron ore are reported to be around 69 million tonnes. While global prices for manganese iron ore are at USD 8 dmtu, Indian prices are at USD 9-9.5 dmtu, which indicate a better pricing and placement of the company for iron ore.
The company is also reported to be cash rich - it is reported to have around Rs 1700 Crores of reserves.
The operating margins of the company is also healthy - around 60% which the management is expecting to maintain in future as well. No doubt why this company is known to be a mini-ratna company, just after the navratnas. Being the largest iron ore company of India and the fifth largest iron ore company of the world, it caters to 50% manganese requirements of the country. All the financial records also look healthy
And dont stop at Manganese Ore IPO. The government is in the mood to collect as much money as it can (target 44K crores) and so the Hindustan Copper IPO is expected on December 6th. See more details on Market Experts Recommendations for MOIL IPO

GM IPO General Motors IPO: Review Analysis & Details of GM IPO

Another IPO is set to hit the primary stock markets pretty soon. The IPO belongs to General Motors Company, which is the world famous automobile company from the USA and was in bankruptcy state just before July 2009. General Motors or GM has decided to come out with the Initial Public Offering or IPO, although there is no official word about it either from the company officials or from the exchanges.
In this article, we will look at the Review, Analysis and Details of the General Motors IPO and try to do the Review and analysis of General Motors IPO.

General Motors IPO: Review Analysis & Details

Some basic details first about the General Motors IPO, which are available as of now:

- The size of General Motors IPO is expected to be between around $9.5 billion and $10.6 billion USD.

What is the issue size of the General Motors IPO?
Around between 245 million USD to 260 million USD is the size of the IPO. General Motors GM Logog
What is the price band of General Motors IPO?
It is reported that the recommended price band for General Motors IPO is expected to be $26 and $29 each per share. Final price to be decided through 100% book building process.

How many shares will be sold in the General Motors IPO?
The total no. of shares to be sold through this IPO is 365 million common shares. There will be additional sale of $3 billion of preferred shares.

What is the trading symbol & exchange for the General Motors IPO
No info about that

What are the IPO dates for General Motors IPO
The IPO dates have not yet been finalised. The pricing of the IPO is expected to be done on 17th November.

Any ratings given to General Motors IPO?
No information about that.

What are the analysts recommendations and business results for General Motors IPO?
General Motors emerged from so called bankruptcy in the mid 2009. Since then, it has been planning to raise funds with the government owned US treasury being the majority stake holder.
Given the price band of the GM IPO, the company valuations stand at around 60 billion dollars, which will make it one of the largest IPO's in US history.
A comparison to its competitors - Ford has market cap of around 48 billion while Toyota has 120 billion USD market cap
The stock is expected to start trading on New York stock exchange and Toronto stock exchange.

PowerShares Bank Loan ETF: PowerShares S&P Bank Loan Portfolio ETF: Review Analysis & Details

In the financial markets, you can trade on anything and everything with more and more choices being made available to retail investors. Here comes another significant and path breaking product from the Invesco PowerShares, known to be the firm for innovative Exchange traded Funds products, most noticable of the lot is their PowerShares QQQ ETF (Nasdaq: QQQQ).
Now, the same firm is reported to have filed for another unique Exchange traded Funds or ETF which will enable the investors and traders to bet their money on Bank Loans - yes, this particular ETF from PowerShares will track the S&P/LSTA U.S. Leveraged Loan 100 Index, which in turn tracks the market-weighted performance of the largest institutional leveraged loans based on market weightings, spreads and interest payments.

So this ETF will enable common investors and traders like you and me to bet our money on bank loans.

Investors should note that bank loans are prone to defaults, so even though ETF's are considered to be the safe kind of investments, there is no guarantee that your money will be protected.

However, the good news is that the benchmark index is a rule based index comprising of several criteria. Although it is claimed that the ETF will try to secure collateral, it should be noted that there is credit risk as well as interest rate fluctuation risk. The benchmark index comprises of only top 100 loan facilities, out of the 1100 loan facilities.

On Which exchange will the PowerShares S&P Bank Loan Portfolio ETF be listed ?
The ETF will be listed on NYSE ARCA exchange.

What is the ticker symbol for PowerShares S&P Bank Loan Portfolio ETF??
No info about that as of now

What is the full name of the PowerShares Bank Loan ETF??
The precise name of the PowerShares Bank Loan ETF is PowerShares S&P Bank Loan Portfolio ETF

What is the underlying benchmark index this S&P/LSTA U.S. Leveraged Loan 100 Index will be tracking??
The PowerShares Bank Loan ETF will track the S&P/LSTA U.S. Leveraged Loan 100 Index by using a representative sampling strategy. It is not known how this sampling strategy will actually work. Continue reading: Risks of PowerShares S&P Bank Loan Portfolio ETF

PowerShares S&P Bank Loan Portfolio ETF: Review, Risks & Details

Continuing further from the first part of this article: PowerShares S&P Bank Loan Portfolio ETF: Review Analysis & Details, here are the additional details & risk parameters:

What criteria's are to be followed for selecting the benchmark index for PowerShares Bank Loan ETF?
There are several criteria, we are listing the primary ones here:

- loan must have a minimum initial term of atleast a year
- the loan should be dollar-denominated
- the loan should have a minimum initial spread of 125 basis points or 1.25% over LIBOR (London interbank borrowing rate)

Investors should note that bank loans are prone to defaults, so even though ETF's are considered to be the safe kind of investments, there is no guarantee that your money will be protected.
Please remember that bank loans are also prone to default. There is a big counterparty risk, there is a big interest rate fluctuation risk and there is a big credit risk. When big companies like Lehman Brother can collapse, there can be subprime mortgage crisis leading to a global recession, nothing can be said with certainity about the returns from a product.
Investors should be aware of such risk parameters.

What is the frequency of rebalancing of the index?
The index is learnt to be rebalanced every six months.

Power Grid FPO IPO: Review Analysis & Details of Power Grid FPO IPO

There is a follow on Public offer or FPO of another government owned healthy company called Power Grid India. As reported earlier, the Coal India IPO was a huge success, a few days back. And now this new FPO from Government of India has hit the markets today.
In this article, we will look at the Review, Analysis and Details of the Power Grid FPO and try to do the Review and analysis of Power Grid Shipping FPO.

Power Grid Shipping FPO: Review Analysis & Details

Some basic details first about the Power Grid FPO, which are available as of now:

- The size of Power Grid IPO is expected to be between around 8000 Crore Rupees
- Yesterday's closing price of existing Power Grid shares on BSE was Rs. 98, which was lower that the offered FPO price band. However, investors should note that the exisitng shares prices get affected by the FPO prices and that is the effect we are seeing currently.

What is the issue size of the Power Grid IPO?
Around 8000 Crore Rupees is the size of the FPO.
What is the price band of Power Grid IPO?
It is reported that the recommended price band for Power Grid IPO is Rs 85-90 per share. Final price to be decided through 100% book building process.

How many shares will be sold in the Power Grid IPO?
The total no. of shares to be sold through this IPO is a total of 84.2 crore shares. Of this, 50% will be freshly issued shares while rest 50% will be divested by the government. Hence, the government will get 50% of the total capital collected through this FPO.

What is the trading symbol & exchange for the Power Grid IPO
No info about that

What are the IPO dates for Power Grid IPO
The Power Grid FPO dates are from Nov 9, 2010 to Nov 12, 2010

Any ratings given to Power Grid IPO?
No information about that.

What are the analysts recommendations and business results for Power Grid IPO?
First the good news for retails investors - retail investors will get a 5% discount on this FPR since it is a government owned company. The same discount applies for Power Grid Employees as well.
However, the retail investors cannot bid with the 2 Lakh upper limit, it is still at 1 Lakh limit. Applications can be made in multiples of 65 shares.

The company has current capacity of 75,000 circuit kms and plans to add 8,000 circuit kms in FY11
How will the FPO money be used? There are 13 different transmission projects costing Rs 22,600 crore which is where this money from FPO will be used.
SBI Capital Markets Ltd, Goldman Sachs (India) Securities Pvt Ltd, ICICI Securities and JP Morgan India Pvt Ltd are the book running lead managers to this FPO issue

Costamare IPO: Review Analysis & Details of Costamare Shipping IPO

Another IPO is set to hit the primary stock markets pretty soon. The IPO belongs to Costamare Shipping Company, which is a shipping company owned by Konstantakopoulos family of Greece and it has now come out with the Initial Public Offering or IPO.
In this article, we will look at the Review, Analysis and Details of the Costamare Shipping IPO and try to do the Review and analysis of Costamare Shipping IPO.

Costamare Shipping IPO: Review Analysis & Details

Some basic details first about the Costamare IPO, which are available as of now:

- The size of Costamare IPO is expected to be between around 245 million USD to 260 million USD.

What is the issue size of the Costamare IPO?
Around between 245 million USD to 260 million USD is the size of the IPO.
What is the price band of Costamare IPO?
It is reported that the recommended price band for Costamare IPO is $15 to $17 per share. Final price to be decided through 100% book building process.

How many shares will be sold in the Costamare IPO?
The total no. of shares to be sold through this IPO is 13.3 million shares.

What is the trading symbol & exchange for the Costamare IPO
No info about that

What are the IPO dates for Costamare IPO
The IPO dates have not yet been finalised

Any ratings given to Costamare IPO?
No information about that.

What are the analysts recommendations and business results for Costamare IPO?
Costamare is run and owned by a Greek business family. This company has 41 ships in its fleet. However, this no. is smaller to what it used to have.
It was having 53 ships in 2008, got hit by the global slowdown and had to cut the fleet size to 41.
Its major business is to lease out ships to big shipping companies for e.g. A.P. Moller-Maersk.
The money collected through this IPO will be used for corporate expenses and increasing the fleet size by buying more ships.
Although 13.3 million shares are offered on sale, the family owning this company is not selling its 46.5 million shares, so they will remain the majority holder. The underwriters of the issues - Morgan Stanley and BofA Merrill Lynch - are given the option to buy 2 million additional shares in case the demand rises.

The company is expecting to pay 25 cent of quarterly dividend post the IPO, which is a good sign, but might indicate that the price of the IPO will be relatively higher to account for this 25 cent payback in the form of dividend

Coal India IPO: Expect 30% Returns on listing Day: Market Experts

Yesterday, we had given the details and review about the much awaited Coal India IPO in our article Coal India IPO: Review Analysis & Details. Today, we continue on the same topic covering the details about expected returns from the Coal India IPO as per the variou market voices.
In general, the market mood is expecting the returns on Coal India IPO to be around 30% that too on the upper side of the price band on the listing day
Many experts and analysts believe that the offered price band of Coal India IPO which is set at 225 to 245 Rs. per share is lower. Actual valuation might take it to Rs. 265 to Rs. 330 levels and that is what the various market analysts are expecting to be the traded price on the day of listing for Coal India IPO. Coal India
majority of the brokerage houses in India and abroad are recommending that investors should subscribe to the Coal India IPO at the higher price band of Rs. 245 and can expect to see a listing price anywhere from Rs. 265 to Rs. 330. This might look a bit wide range, but that is what the various market opinions are. However, all of them are claiming that this will surely be a premium listing.
So short term IPO traders who want to make a quick buck in the market can expect some profits on the listing days.

For the long term investors also, the situation is expeted to be good.
India is a fast growing market and Coal India holds the monopoly in Indian coal market. Analysts believe that more technological advances will help Coal India to get more profits in long term, so it is recommended even for a long term hold.

There are many good points about this Coal India IPO
- This is the first IPO in India which has received 5 out of 5 ratings from all three rating agencies - CARE, ICRA and other

- This is the first IPO in India which will have the listed company direct entry into Nifty 50 and Sensex 30 indices

- This is the first IPO for which there will be a direct entry into the derivatives (futures & options) segment
Investors should take the call as per their risk appetite. These are expert opinions which are subject to market risks

Coal India IPO: Review Analysis & Details

Another IPO is set to hit the primary stock markets pretty soon. The IPO belongs to Coal India Limited Company, which is a thermal power generation company promoted by the government of India and it has now come out with the Initial Public Offering or IPO.
In this article, we will look at the Review, Analysis and Details of the Coal India IPO and try to do the Review and analysis of Coal India IPO.

Coal India IPO: Review Analysis & Details

Some basic details first about the Coal India IPO, which are available as of now:

- The size of Coal India IPO is expected to be between Rs 140,000 crore and Rs 153,000 crore.

- This is the first IPO in India which has received 5 out of 5 ratings from all three rating agencies - CARE, ICRA and other

- This is the first IPO in India which will have the listed company direct entry into Nifty 50 and Sensex 30 indices

- This is the first IPO for which there will be a direct entry into the derivatives (futures & options) segment

What is the issue size of the Coal India IPO?
Around between Rs 140,000 crore and Rs 153,000 crore is the size of the IPO. In USD it will be around $32-34 billion Coal India

What is the price band of Coal India IPO?
The price band details are precisely not available at the moment - However, it is known that the recommended price band for Coal India IPO is Rs. 220 to Rs. 240 per share. Final price to be decided through 100% book building process.

How many shares will be sold in the Coal India IPO?
The total no. of shares to be sold through this IPO is 632 million shares.

What is the trading symbol & exchange for the Coal India IPO
No info about that

What are the IPO dates for Coal India IPO
The IPO for Coal India will open on dates 18 October and will close on 21 October 2010.

Any ratings given to Coal India IPO?
No information about that.

What are the analysts recommendations for Coal India IPO?
Coal India is owned by the government of India which is planning to raise around 15,000 Crore Rs. through this IPO of Coal India. It has 63 billion tonnes of coal which makes Coal India the world’s largest reserves of coal.
After Reliance Power IPO, this IPO is expected to be the largest.
The power needs for the country are increasing day by day. Hence Power companies are expected to benefit. Infrastructure developments are on the rise with a stable government at the center. However, one needs to look at the valuations of the company and how well it is placed with regard to the competitors. Being a government controlled Navratna company, this is found to be having strong fundamentals.
The government is also expected to offer the shares of coal india limited at 5% discount to retail investors, hence they will benefit.
Majority of the market experts and analysts say that this IPO should be subscribed to, and it is even being cited that due to this IPO there might be a fall in the market. The reason is that this is much awaited IPO and investors will take out money by selling their existing shares in the market to apply for this IPO. Hence this IPO should be definitely subscribed to.
However, one must not go only with the recommendations. Remember Reliance Power IPO and what happened to it on the day of listing? (See Reliance Power IPO: What went wrong?. Market experts are pretty hopeful about this IPO and the returns - See news: Expect 30% Returns on listing Day: Market Experts. Investors should take their own call on this IPO as per their own risk appetite

Gold ATM: Withdraw Gold Bars & Coins From Gold ATM in USA (Gold To Go Machines)

Come November and US gold investors will have more convenience of buying Gold - right from an ATM or Automatic Teller Machines. The demand for Gold is increasing as an investment category, and the falling US Dollar is forcing the investors to park their hard earned money. Gold offers a good alternative to such investors as it has been a traditional and historic way to invest money. Gold ATM How will a Gold ATM work?
A gold ATM will work in exactly the same way as a normal bank ATM works. You swipe/insert your card, select the type/form of gold you want to buy, the moeny is deducted from your card and the gold is dispensed to you by the ATM machine (like you get cash from a normal bank ATM)
What form of Gold can be bought from Gold ATMs?
You can buy gold bars as well as coins from Gold ATM. It is said that there will be around 10 different gold products available through gold ATM.

When will the Gold ATM be available to public in USA?
Common people can buy gold from ATM from November 2010 onwards. The plan is to first installl the gold ATM's at the casinos in Las Vegas as well as in Florida. And then it will be installed in a phase wise manner all across the USA.

How much Gold can the Gold ATM hold at a time?
A typical gold ATM can hold gold worth USD 3 million.

how will the gold prices be determined at Gold ATM?
The gold prices are claimed to be updated in real time. Every 10 minutes the prices will be updated, hence the investors can expect to see a lot of price variation while buying gold.

Is there any way to trade at Gold ATM due to price movements?
As of now, it doesnt appear to be the case. The Gold ATM can only dispense gold, hence you have the option of only buying the gold. Selling back is not possible. But you never know, in near future you might as well see these gold ATM's becoming trading spots. However, this being only the initial phase, it will be a long time to go.

What Precautions should one take at Gold ATM?
Gold being a precious commodity will need some precautions.
Obviously, you will not find Gold ATM's in every corner of the street as you find Bank ATM's. There will be a limited availability in secure areas. However, you must make sure that while and after buying Gold, you need to take care of the Gold that is dispensed by the machine. Be cautious after the gold is withdrawn from the Gold ATM.

IIT IIM NIT Professors get Sixth Pay Commission Salary: Pension, Pay Arrears & Salary Hike Details

Details about IIT IIM Professors Sixth Pay Commission Salary Pay Hike for faculty staff of IIT and IIM
We've reported news about the IIT IIM Sixth Pay Commission in our previous news articles IIT, IIM, NIT & School Staff get Sixth Pay Commission Salary Hike Aug 2009. And now finally the good news has arrived for the Professors and Senior Faculty staff of IIT's and IIM's in India. Sixth Pay Commission

IIT IIM Professors get Sixth Pay Commission Salary Salary Pay Hike

The government has finally given in to the long standing demands of the IIT faculty members and has sanctioned Higher Administrative Grade (HAG) Pay of Rs 67000-Rs. 79000 for the Seniopr faculty members.

What is the latest update about the IIT IIM Professors salary hike
As per the Human Resource Ministry - "It has now been decided in consultation with the Department of Expenditure to extend the HAG scale of Rs 67,000-Rs 79,000 without any Grade Pay in place of AGP of Rs 12,000 per month. The AGP of Rs 12,000 per month does not exist anymore" the HRD notification states.

Those professors who do not qualify for the HAG scale will get between Rs 37,400 and Rs 67,000 a month, as the pay panel had recommended. They will be eligible for the additional grade pay of Rs 10,500 to Rs 12,000.

How many professors at IIT and IIM will get HAG pay?
Around 40% of the professors will be eligible for HAG pay in IIT's and IIM.
Around 20% of the professors will be eligible for HAG pay in NIT's (National Institutes of Technology), the Indian School of Mines in Dhanbad and the School of Planning and Architecture.

General Sixth Pay Commission Salary Hike & Arrears Calculator (Indicative)

Salary Calculator for Pension calculations for Sixth Pay Commission Salary Hike (Indicative)

By which date is this decision effective?
It is reported that the salary hike is effective from 18 August, 2009.

What is the reaction to this development by the professors?
The faculty staff is really happy about the high salaries which they will be getting. However, they are unhappy about these 40% and 20% caps which have been put on.

Reliance Index Fund-Nifty Plan Sensex Plan Fund NFO: Review Analysis & Details

This article contains info about Reliance Index Fund - Nifty Plan Sensex Plan Fund NFO, Review, Analysis, Details & Opinion. NFO or New Fund Offer from the largest mutual fund house of India has come through. High on the heels of the Reliance Small Cap Fund (See Review), the Reliance MF Mutual Fund House has launched its NFO or New Fund Offer for two index funds called the Reliance Index Fund - Sensex Plan Fund and Reliance Index Fund - Sensex Plan Fund. With the launch of these 2 new index funds, Reliance Mutual Fund has added 2 index funds to its portfolio.
In this article, we will analyse how good is this Reliance Index Fund - Nifty Plan Sensex Plan Fund NFO, whether this Reliance Index Fund - Nifty Plan Sensex Plan Fund offers anything new or unique for the investors and whether the investors should invest in Reliance Index Fund - Nifty Plan Sensex Plan Fund .

Reliance Index Fund - Nifty Plan Sensex Plan Fund NFO: Review Analysis & Details

Let's begin with some basic details about Reliance Index Fund - Nifty Plan Sensex Plan Fund.

What are the NFO dates for Reliance Index Fund - Nifty Plan Sensex Plan Fund ?
The NFO period for Reliance Index Fund - Nifty Plan Sensex Plan Fund are 9th September 2010 to 23rd Septmeber 2010.

What is so unique about this Reliance Index Fund - Nifty Plan Sensex Plan Fund?
These are 2 different funds lauched by Reliance, one is the Reliance Index Fund - Nifty Plan and the other is Reliance Index Fund - Sensex Plan Fund As the names suggests, these 2 index funds will be trying to replicate the performance of the respective indes which they are going to track. However, since they are index funds, there will be tracking error and investors should be aware of this. The tracking error is the difference in the returns generated by the underlying index and the returns generated by the index fund.
Why and how does the tracking error come in?
The underlying index like Nifty or Sensex does not have any brokerage charges or any dependent trading activities. However the index funds do have them. As the fund managers try to replicate the performance of the underlying index, they buy and sell securities and try to maintain their fund in similar proportion to the index, they end up paying brokerage charges which affects the returns. The frequency of rebalancing the fund constituents also takes a toll. For more informtion on Index Funds, see Index Funds Explained with Example)

So overall, depending upon the frequency of rebalancing and trading activities of the fund manager, the returns from Reliance Index Fund - Nifty Plan and Reliance Index Fund - Sensex Plan Fund will be generated for the investors. investors can choose their preferred index fund, either based on Nifty or based on Sensex. Nifty is composed of top 50 stocks based on market cap and Sensex is top 30 stocks. Continue to Part II -Risks in Reliance Index Fund - Nifty Plan Sensex Plan Fund and other competitive products

Reliance Index Fund-Nifty Plan Sensex Plan Fund NFO: Details & Competitor Products

This article contains info about Reliance Index Fund - Nifty Plan Sensex Plan Fund NFO, Review, Analysis, Details & Opinion. This is part II of the article Part I. Please read part I before continuting with this part.

Being a Index based Mutual Fund, investors will have to rely upon the end of the day NAV calculations, and they will not have any opportunity to benefit from the intra-day price movements to trade on intraday basis, like that available in ETF's.
Other than that, there are charges for exit load which investors should be aware of.

The details are as below:

Overall, this Reliance Index Fund - Nifty Plan Sensex Plan Fund seems to be a large cap specific index fund.
Mr. Krishan Daga will be the fund manager.

The money will be invested in the following proportions:
95% to 100% - Stocks & Derivatives in the respective index specific stocks and derivatives
Rest 0-5% in domestic debt and money market instruments or cash

During NFO, the units of this Fund will cost Rs 10 per unit.

Are there any alternatives to Reliance Index Fund - Nifty Plan Sensex Plan Fund?
Yes, as mentioned above, Instead of an Index Fund, you can look for a same index based ETF or Exchange Traded Fund which is benchmarked to Nifty or sensex. You will get the benefit of both the prices as well as intraday price fluctuations enabling you to trade and benefit from intra-day price movements. You can even short an ETF but cannot short an index fund. See Comparison of Index Funds & ETF with Example

The Reliance Index Fund - Nifty Plan Sensex Plan Fund will be benchmarked to Nifty and Sensex respectively

Minimum Investment:
Purchases : Rs. 5,000/- and in multiple of Re. 1 thereafter.
SIP or Systematic Investment Plan is available? - No info

No Tax Benefit is available in the Reliance Index Fund - Nifty Plan Sensex Plan Fund

Investment Options for Reliance Index Fund - Nifty Plan Sensex Plan Fund :
- Growth Plan:
- Dividend (Payout and Reinvestment)

The entry load for Reliance Index Fund - Nifty Plan Sensex Plan Fund is as follows:
Entry Load for Reliance Index Fund - Nifty Plan Sensex Plan Fund :
Zero Entry Load

Exit Load for Reliance Index Fund - Nifty Plan Sensex Plan Fund:
1% if the amount sought to be redeemed within 1 year from date of allocation.
Nil afterwards

Final Thoughts about the Reliance Index Fund - Nifty Plan Sensex Plan Fund?
This fund can be a good investment for investors willing to bet on the large caps and believe that the large cap index stocks will give good returns. However, nothing is guaranteed, as it will depend upon the trading activities of the fund manager. My verdict will be to go for the ETF's for the respective benchmark indices

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