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Showing posts from November, 2013

How to play Modi rally?

Thought for the day “It is greed to do all the talking but not to want to listen at all” -Democritus (Greek, 460-370BC) Word of the day Gelt (n) Money (slang) (Source: Dictionary.com) Shri Nārada Uvāca With Tata withdrawing and Mahindras not too keen, will the new bank licenses be a non-starters? How to play Modi rally? The current market conditions present a classic dilemma before the investors in Indian equities. There are reasonable indications to suggest that the global equity rally may extend little further into the summer; and along with this Indian markets may also show strength notwithstanding the fact that the trends in macro fundamentals of Indian economy may not suggest any improvement in 1H2014. The actual corporate performance has been better than pessimistic expectation in September quarter, but still no one believes it to be sustainable over next couple of quarters. Prospects of Narendra Modi forming a pr...

Great hopes - III

Thought for the day “Truth reveals itself, though often belatedly. This admirably suits the politician in power. The interregnum between truth and its revelation is generally a period of manipulation. In this interregnum alibis and half-truths rule. Finally, unless someone is alert, truth gets confined to the archives. Result: alibis masquerade as truth” -S. Gurumurthy, as quoted in ‘Polyester Prince’. Word of the day Wroth (adj) Stormy; violent; turbulent (Source: Dictionary.com) Shri Nārada Uvāca Why Tarun Tejpal is so important? Great hopes - III We have been highlighting for past many months that there is a decent probability that we may have a equity rally as part of a highly charged global “risk on” mood. This rally would be akin to the surge seen 1998-1999 and 2006-2007 and therefore lead the valuations to bubble territory. The current market momentum indicates that the probability of such rally is rising. In India...

Great Hopes - II

Thought for the day “Continuous effort - not strength or intelligence - is the key to unlocking our potential.” -Winston Churchill(English, 1874-1965) Word of the day Ashen (adj) Extremely pale; drained of color; (Source: Dictionary.com) Shri Nārada Uvāca What are the top concerns of the country today? Rank these on the basis of media coverage: 1.        Gutthi 2.        Tarun Tejpal 3.        Talwar couple 4.        Snooping in Gujarat 5.        Asaram and his son 6.        Shruti Hasan’s stalking 7.        Vegetable prices 8.        5 State elections 9.        Corruption 10.    Unemployment Great ...

Great hopes!

Thought for the day “Learn from yesterday, live for today, hope for tomorrow. The important thing is not to stop questioning.” -           Albert Einstein (German, 1879-1955) Word of the day Decant (v) To pour (a liquid) from one container to another. (Source: Dictionary.com) Shri Nārada Uvāca After Helen, now Lehar threatens the Andhra coast. Is nature warning about something seriously wrong in Andhra Pradesh? Great hopes! It is evident from the reports issued by various brokerages & other agencies, and opinion publicly expressed by many corporate leaders that a lot of hopes are being pinned on Narendra Modi’s electoral success. The performance of the Indian stock markets post announcement of Modi’s PMship candidature also indicates that investors are probably front-running a Modi government post May 2014 election results. A recent discussion with some fund manag...

Follow the leader

Thought for the day “Gray hairs are signs of wisdom if you hold your tongue; speak and they are but hairs, as in the young.” -           Rabindranath Tagore (Indian, 1861-1941) Word of the day S narky (n) Nagging, irritable, testy (Source: Dictionary.com) Shri Nārada Uvāca Does AAP truly represent the common Indian citizen – generally ethical, aspires Ram Rajya, vows high morals but not incorruptible. Follow the leader Dear Mr. Modi, BJP under your leadership has invoked the legacy of Sardar Vallabhbhai Patel, who is commonly projected as the symbol of national unity and integrity in post independence India. In past 66years there have been occasional academic debates as to who between Nehru and Gandhi would have made a better prime minister. However, in common people’s consciousness the matter has become totally redundant. It is evident from the fact that in most elections post ...

Ganpati is son of Shiva

Thought for the day “Dynasty was the opportunity to take charge of my career rather than waiting around like a library book waiting to be loaned out.” -           Joan Collins (American, 1933-) Word of the day I rredentist (n) A member of a party in any country advocating the acquisition of some region included in another country by reason of cultural, historical, ethnic, racial, or other ties. (Source: Dictionary.com) Shri Nārada Uvāca Some posters in Mumbai depicted Sachin Tendulkar as Lord Vishnu. Not surprisingly, no one found it blasphemous. Guess, blasphemy is also a function of votes! Ganpati is son of Shiva Dear Mr. Modi, you have prominently raised the issue of dynastic culture of Congress Party in your public discourse. In particular you have repeatedly referred to the privileged status accorded to the family of Mrs. Sonia Gandhi by the Congress Party. In our v...