"The bounce is quite impressive, but investors will remain sceptical about the sustainability of this rally," said Jagannadham Thunuguntla, equity head with SMC Capital.
Thaindian Mar 23, 2009 Enthused By Us Plans, Sensex Rises 5.1 PercentJagannadham Thunuguntla
The Sensex index rose 5.1% and the Nifty index rose 4.73% in response to news from the US and Europe. The US announced plans to buy $1 trillion in toxic assets from banks to improve lending. This caused Indian stock markets to spike upwards, with 29 of 30 Sensex stocks ending higher and sector indices for banking, metals and oil & gas rising the most. The overall market sentiment was positive with most stocks advancing.
Smas Hits Mar 23, 2009 Enthused By Us Plans, Sensex Rises 5.1 PercentJagannadham Thunuguntla
The Sensex index rose 5.1% and the Nifty index rose 4.73% in response to news from the US and Europe. The Obama administration announced plans to buy $1 trillion of toxic assets from banks to improve lending. This caused Indian stock markets to spike upwards, with 29 of 30 Sensex stocks ending in the green. Banking, metal and oil/gas sector indices saw the largest gains.
Newstrack Mar 23, 2009 Enthused By Us Plans, Sensex Rises 5.1 PercentJagannadham Thunuguntla
"The bounce is quite impressive, but investors will remain sceptical about the sustainability of this rally," said Jagannadham Thunuguntla, equity head with SMC Capital.
The Indian stock market rose sharply in response to plans by the US government to purchase $1 trillion in toxic assets. The Sensex index closed up 5.1%, gaining 457 points to close at 9,424 points. The positive market sentiment was driven by the US announcing it would initially commit $100 billion to purchase toxic assets from banks in an effort to improve asset values and lending. European and some Asian markets also saw gains on the news.
Deccan Herald Mar 23, 2009 Enthused By Us Plans, Sensex Rises 5.1 PercentJagannadham Thunuguntla
"The bounce is quite impressive, but investors will remain sceptical about the sustainability of this rally," said Jagannadham Thunuguntla, equity head with SMC Capital.
Manglorean Mar 23, 2009 Enthused By Us Plans, Sensex Rises 5.1 PercentJagannadham Thunuguntla
The Sensex index rose 5.1% and the Nifty index rose 4.73% in response to news from the US and Europe. The US announced plans to buy $1 trillion in toxic assets from banks to improve lending. This caused Indian stock markets to spike upwards, with 29 of 30 Sensex stocks ending higher and sector indices for banking, metals and oil & gas rising the most. The overall market sentiment was positive with most stocks advancing.
India E News Mar 23, 2009 Enthused By Us Plans, Sensex Rises 5.1 PercentJagannadham Thunuguntla
"The bounce is quite impressive, but investors will remain sceptical about the sustainability of this rally," said Jagannadham Thunuguntla, equity head with SMC Capital.
Sindh Today Mar 23, 2009 Enthused By Us Plans, Sensex Rises 5.1 PercentJagannadham Thunuguntla
"The bounce is quite impressive, but investors will remain sceptical about the sustainability of this rally," said Jagannadham Thunuguntla, equity head with SMC Capital.
Thaindian Mar 23, 2009 Enthused By Us Plans, Sensex Rises 5.1 PercentJagannadham Thunuguntla
The Sensex index rose 5.1% and the Nifty index rose 4.73% in response to news from the US and Europe. The US announced plans to buy $1 trillion in toxic assets from banks to improve lending. This caused Indian stock markets to spike upwards, with 29 of 30 Sensex stocks ending higher and sector indices for banking, metals and oil & gas rising the most. The overall market sentiment was positive with most stocks advancing.
Smas Hits Mar 23, 2009 Enthused By Us Plans, Sensex Rises 5.1 PercentJagannadham Thunuguntla
The Sensex index rose 5.1% and the Nifty index rose 4.73% in response to news from the US and Europe. The Obama administration announced plans to buy $1 trillion of toxic assets from banks to improve lending. This caused Indian stock markets to spike upwards, with 29 of 30 Sensex stocks ending in the green. Banking, metal and oil/gas sector indices saw the largest gains.
Newstrack Mar 23, 2009 Enthused By Us Plans, Sensex Rises 5.1 PercentJagannadham Thunuguntla
"The bounce is quite impressive, but investors will remain sceptical about the sustainability of this rally," said Jagannadham Thunuguntla, equity head with SMC Capital.
The Indian stock market rose sharply in response to plans by the US government to purchase $1 trillion in toxic assets. The Sensex index closed up 5.1%, gaining 457 points to close at 9,424 points. The positive market sentiment was driven by the US announcing it would initially commit $100 billion to purchase toxic assets from banks in an effort to improve asset values and lending. European and some Asian markets also saw gains on the news.
Deccan Herald Mar 23, 2009 Enthused By Us Plans, Sensex Rises 5.1 PercentJagannadham Thunuguntla
"The bounce is quite impressive, but investors will remain sceptical about the sustainability of this rally," said Jagannadham Thunuguntla, equity head with SMC Capital.
Manglorean Mar 23, 2009 Enthused By Us Plans, Sensex Rises 5.1 PercentJagannadham Thunuguntla
The Sensex index rose 5.1% and the Nifty index rose 4.73% in response to news from the US and Europe. The US announced plans to buy $1 trillion in toxic assets from banks to improve lending. This caused Indian stock markets to spike upwards, with 29 of 30 Sensex stocks ending higher and sector indices for banking, metals and oil & gas rising the most. The overall market sentiment was positive with most stocks advancing.
India E News Mar 23, 2009 Enthused By Us Plans, Sensex Rises 5.1 PercentJagannadham Thunuguntla
"The bounce is quite impressive, but investors will remain sceptical about the sustainability of this rally," said Jagannadham Thunuguntla, equity head with SMC Capital.
Sindh Today Mar 23, 2009 Enthused By Us Plans, Sensex Rises 5.1 PercentJagannadham Thunuguntla
"The bounce is quite impressive, but investors will remain sceptical about the sustainability of this rally," said Jagannadham Thunuguntla, equity head with SMC Capital.
The Federal Reserve has announced "Operation Twist" to try to stimulate the stagnant US economy. It plans to sell $400 billion of short-term treasury bonds and use the proceeds to buy long-term treasury bonds. This is intended to lower long-term interest rates to encourage more borrowing and investment. However, some economists are skeptical it will be effective since interest rates are already near record lows. Unemployment may remain around 9% in the short-term even if long-term rates fall. The Fed hopes this action, along with keeping short-term rates low until 2013, will spur growth but its ultimate goals of stable prices and lower unemployment may not be achieved.
Daily Forex News January 28th 2013 | FCTOFX | View FCTOFX LIVE TRADING | http://bit.ly/WE9RJWK | The Japanese Yen remains soft against other major currencies while the Euro remains firm in relatively steady markets in Asia today. The Japanese government raised 2013 to 14 growth forecast to 2.5%, compared to August's projection of 1.7%, as the country emerges from recession. CPI growth is expected to be at 0.5%. Finance minister Aso predicted that there will be 43.1 Trillion yen in tax revenue in 2013 to 14. Total spending is expected to be at 92.6 Trillion while there would be 42.85 Trillion yen raised from bond issues. That would be the first time in four years that tax income would exceed new debts. Aso said that for three years the "bond issuance exceeding tax revenue is abnormal," and it's a "big deal" that it's turned around. However, some economists are skeptical on whether the tax revenue could fall short of the estimate.
This document summarizes key topics in Chapter 8 of an Intermediate Macroeconomics textbook, including the classical theory of money, Keynesian and monetarist views of money supply, and the role of fiscal and monetary policy during the Great Depression. It discusses the quantity theory of money, assumptions around velocity and full employment, and how Keynes challenged the classical view. It also outlines Friedman's perspective on long and variable lags in policy and the debate around rules versus discretion. Historical data on money supply, stock prices, employment, and tax rates during the Depression are presented.
The Indian rupee gained 1.2% against the dollar, its largest gain in nine months, closing at 59.39. This was due to dollar inflows, limited oil company demand for dollars, and expectations that the US Federal Reserve will not reverse quantitative easing soon. An analyst expects the rupee to stabilize around 57.50-58.50 against the dollar by July due to expected inflows, gold import restrictions, and power sector reforms. Another analyst believes quantitative easing may not end immediately as US economic growth remains around 2% versus the 2.75-3% needed for a self-sustaining recovery.
Shares Rebound On U.S. Budget Talk, Yen FallsNeil Hendry
World equity markets and oil prices rebounded after U.S. House Republicans announced plans to seek a short-term deal to raise the debt ceiling. Consumer sentiment in the U.S. fell to its lowest level in over a year, adding pressure on stocks. The yen fell ahead of potential new asset purchase measures by the Bank of Japan aimed at achieving a 2% inflation target.
Mr. bernanke when is qe3 going to workgloriasimmon
Three strikes and you’re out! Too bad the Federal Reserve doesn’t follow this; otherwise, Chairman Ben Bernanke would be on the phone with Wall Street looking for another job.
The key stock indices surged to their highest levels in years after the Federal Reserve launched a third round of quantitative easing (QE3) at the September meeting; yet the follow-through has been non-existent, as stocks are back where they were prior to the announcement.
Emerging Market Crisis May Derail Global Economic RecoveryQNB Group
The emerging market crisis triggered by the Federal Reserve's announcement of tapering quantitative easing has led to significant capital flight from emerging markets and a weakening of their currencies. If the Fed begins tapering in September as planned, it could further undermine emerging market growth and reduce global export demand, negatively impacting the still weak recoveries in the US and Europe. Ultimately, premature quantitative easing tapering risks lowering growth in both the US and globally, jeopardizing the economic recovery according to QNB Group. Emerging market central banks have tried to defend their currencies but with limited success, and the crisis is resembling the Asian financial crisis of the late 1990s. A major slowdown in emerging market growth would inevitably damp
Daily Forex News February 15th 2013 FCTOFX: The Yen recovered today as traders continue to pare short positions ahead of the G20 meeting in Moscow. There were many confusing messages from world leaders regarding the issues surrounding the recent depreciation in the yen and it's uncertain whether G20 officials will issue a strong statement regarding the topic of "currency war". Outgoing Bank of Japan governor Shirakawa defended yesterday that the bank is "conducting monetary policy to achieve stability in Japan's economy" and pledged that it will continue to do so. Meanwhile Shirakawa declined to comment whether Japan would buy foreign bonds. Russian finance minister Siluanov, who holds the G20's rotating presidency this year, said yesterday that "G20 countries have always held the position that currency policy should be based on market conditions" and he urged on a "more specific stance" on this issue. He emphasized that the G20 should "move from general phrases to more specific measures."
The IMF’s latest forecasts for global growth in 2013 QNB Group
1) Many emerging markets are entering a difficult period of weaker growth, capital outflows, and tighter monetary policy as expectations of reduced US monetary stimulus have increased volatility in EM currencies, bonds, and stock markets since May 2013.
2) The immediate catalyst is expectations that the US Federal Reserve will taper its quantitative easing program in 2014, raising US interest rates and making EM assets less attractive, but the broader policy direction of reduced global monetary stimulus will continue pressuring EMs.
3) In response to capital flight, major EMs like Brazil, Indonesia, India, and Turkey have recently raised interest rates, but tighter monetary policy will further weaken EM growth even as some countries make reforms to attract capital inflows
A Requiem for Quantitative Easing in the United StatesQNB Group
The US Federal Reserve ended its quantitative easing (QE) program in October 2014 after purchasing assets for over two years to stimulate the economy. QE involved the Fed purchasing private and public assets to increase the monetary base and reduce long-term interest rates. The goal was to further stimulate the economy after short-term interest rates hit zero in late 2008. While the full impact of QE is still debated, the US economy improved with unemployment falling and asset prices rising. Globally, QE flows boosted emerging markets but also led to instability when the Fed began tapering purchases in 2013. The Gulf Cooperation Council was less impacted than other emerging markets due to its closed and surplus economies.
India PR Wire Mar 23, 2009 Enthused By Us Plans, Sensex Rises 5.1 PercentJagannadham Thunuguntla
"The bounce is quite impressive, but investors will remain sceptical about the sustainability of this rally," said Jagannadham Thunuguntla, equity head with SMC Capital.
Indiaenews Oct 13, 2008 Markets Recover 40 Percent Of Last Weeks LossesJagannadham Thunuguntla
Concerted European action to strengthen the banking system has given the much-needed confidence that investors were looking for, said Jagannadham Thunuguntla, head of the capital markets arm of India’s fourth largest share brokerage house SMC Group.
Bombay News Mar 28, 2009 Indian Equities End Week On A High As Global Cues St...Jagannadham Thunuguntla
“This might sound pessimistic but sadly, the rally is not sustainable. I wish it was a permanent recovery, but it’s not,” said Jagannadham Thunguntula, equity head at SMC Capitals.
“The futures and options closing helped push the Sensex upwards and global cues helped, but markets are still being driven by speculation rather than any sound investment strategy,” he added.
“They will soon fall back,” Thunguntula contended.
Calcutta News Mar 28, 2009 Indian Equities End Week On A High As Global Cues ...Jagannadham Thunuguntla
Indian stock markets ended the week significantly higher, with the Sensex gaining over 12% over the previous week's close. The rally was driven by strong global market cues as well as short covering due to futures and options contracts expiring. However, some analysts remain pessimistic and believe the rally is unsustainable and not based on economic fundamentals, predicting the markets will soon fall back. The top gainers for the week were Tata Steel, HDFC Bank, ICICI Bank, Reliance Capital, and SBI.
India Forums Dec 23, 2009 Mukherjees Statement Sends Sensex Soaring 539 PointsJagannadham Thunuguntla
'The rally is a combination of many factors. The finance minister's statement did help, but it's also the closing time for many foreign funds, hedge funds, who buy at this time usually to prop the value of their portfolio,' said SMC Capitals equity head Jagannadham Thunuguntla.
'The rally is a combination of many factors. The finance minister's statement did help, but it's also the closing time for many foreign funds, hedge funds, who buy at this time usually to prop the value of their portfolio,' said SMC Capitals equity head Jagannadham Thunuguntla.
“Investors are buying up short positions again. That coupled with favourable global cues has helped the markets move further up,” said Jagannadham Thunguntula, equity head at SMC Capitals.
“Investors are buying up short positions again. That coupled with favourable global cues has helped the markets move further up,” said Jagannadham Thunguntula, equity head at SMC Capitals.
News Track Oct 31, 2008 Indian Equities End Green, Recover From Bear ExcessesJagannadham Thunuguntla
Indian equities rebounded sharply on Friday, recovering from losses earlier in the week. The key index rose 8.22%, its largest single-day gain in recent weeks, driven by short-covering and optimism over interest rate cuts by the US Federal Reserve and Japanese central bank. However, analysts cautioned that the market still lacks depth and investors remain jittery over the global financial crisis and its economic impact. They said it was too early to determine if the rebound indicated a resumption of an upward bullish trend.
Bombay News Oct 13, 2008 Markets Recover 40 Percent Of Last Weeks LossesJagannadham Thunuguntla
“Concerted European action to strengthen the banking system has given the much-needed confidence that investors were looking for,” said Jagannadham Thunuguntla, head of the capital markets arm of India’s fourth largest share brokerage house SMC Group.
Calcutta News Apr 13, 2009 Markets Start Week On Bullish Note, Sensex Up ...Jagannadham Thunuguntla
Investors carried on last week’s optimism, but the general feeling in the trader community is that these levels are not sustainable under the current circumstances,’ said Jagannadham Thunuguntla, equity head at stock brokerage SMC Capitals in New Delhi.
Calcutta News Apr 13, 2009 Markets Start Week On Bullish Note, Sensex Up 163 ...Jagannadham Thunuguntla
The Indian stock markets continued their bullish trend on Monday, with the key Sensex index rising 163 points (1.51%) to close at 10,967 points. Metal, banking and realty stocks saw gains while consumer durables and IT faced some selling pressure. Foreign funds were net buyers, investing $22.5 million. However, some analysts felt the current market levels may not be sustainable given economic circumstances. Markets will be closed on Tuesday for a holiday.
The Federal Reserve has announced "Operation Twist" to try to stimulate the stagnant US economy. It plans to sell $400 billion of short-term treasury bonds and use the proceeds to buy long-term treasury bonds. This is intended to lower long-term interest rates to encourage more borrowing and investment. However, some economists are skeptical it will be effective since interest rates are already near record lows. Unemployment may remain around 9% in the short-term even if long-term rates fall. The Fed hopes this action, along with keeping short-term rates low until 2013, will spur growth but its ultimate goals of stable prices and lower unemployment may not be achieved.
Daily Forex News January 28th 2013 | FCTOFX | View FCTOFX LIVE TRADING | http://bit.ly/WE9RJWK | The Japanese Yen remains soft against other major currencies while the Euro remains firm in relatively steady markets in Asia today. The Japanese government raised 2013 to 14 growth forecast to 2.5%, compared to August's projection of 1.7%, as the country emerges from recession. CPI growth is expected to be at 0.5%. Finance minister Aso predicted that there will be 43.1 Trillion yen in tax revenue in 2013 to 14. Total spending is expected to be at 92.6 Trillion while there would be 42.85 Trillion yen raised from bond issues. That would be the first time in four years that tax income would exceed new debts. Aso said that for three years the "bond issuance exceeding tax revenue is abnormal," and it's a "big deal" that it's turned around. However, some economists are skeptical on whether the tax revenue could fall short of the estimate.
This document summarizes key topics in Chapter 8 of an Intermediate Macroeconomics textbook, including the classical theory of money, Keynesian and monetarist views of money supply, and the role of fiscal and monetary policy during the Great Depression. It discusses the quantity theory of money, assumptions around velocity and full employment, and how Keynes challenged the classical view. It also outlines Friedman's perspective on long and variable lags in policy and the debate around rules versus discretion. Historical data on money supply, stock prices, employment, and tax rates during the Depression are presented.
The Indian rupee gained 1.2% against the dollar, its largest gain in nine months, closing at 59.39. This was due to dollar inflows, limited oil company demand for dollars, and expectations that the US Federal Reserve will not reverse quantitative easing soon. An analyst expects the rupee to stabilize around 57.50-58.50 against the dollar by July due to expected inflows, gold import restrictions, and power sector reforms. Another analyst believes quantitative easing may not end immediately as US economic growth remains around 2% versus the 2.75-3% needed for a self-sustaining recovery.
Shares Rebound On U.S. Budget Talk, Yen FallsNeil Hendry
World equity markets and oil prices rebounded after U.S. House Republicans announced plans to seek a short-term deal to raise the debt ceiling. Consumer sentiment in the U.S. fell to its lowest level in over a year, adding pressure on stocks. The yen fell ahead of potential new asset purchase measures by the Bank of Japan aimed at achieving a 2% inflation target.
Mr. bernanke when is qe3 going to workgloriasimmon
Three strikes and you’re out! Too bad the Federal Reserve doesn’t follow this; otherwise, Chairman Ben Bernanke would be on the phone with Wall Street looking for another job.
The key stock indices surged to their highest levels in years after the Federal Reserve launched a third round of quantitative easing (QE3) at the September meeting; yet the follow-through has been non-existent, as stocks are back where they were prior to the announcement.
Emerging Market Crisis May Derail Global Economic RecoveryQNB Group
The emerging market crisis triggered by the Federal Reserve's announcement of tapering quantitative easing has led to significant capital flight from emerging markets and a weakening of their currencies. If the Fed begins tapering in September as planned, it could further undermine emerging market growth and reduce global export demand, negatively impacting the still weak recoveries in the US and Europe. Ultimately, premature quantitative easing tapering risks lowering growth in both the US and globally, jeopardizing the economic recovery according to QNB Group. Emerging market central banks have tried to defend their currencies but with limited success, and the crisis is resembling the Asian financial crisis of the late 1990s. A major slowdown in emerging market growth would inevitably damp
Daily Forex News February 15th 2013 FCTOFX: The Yen recovered today as traders continue to pare short positions ahead of the G20 meeting in Moscow. There were many confusing messages from world leaders regarding the issues surrounding the recent depreciation in the yen and it's uncertain whether G20 officials will issue a strong statement regarding the topic of "currency war". Outgoing Bank of Japan governor Shirakawa defended yesterday that the bank is "conducting monetary policy to achieve stability in Japan's economy" and pledged that it will continue to do so. Meanwhile Shirakawa declined to comment whether Japan would buy foreign bonds. Russian finance minister Siluanov, who holds the G20's rotating presidency this year, said yesterday that "G20 countries have always held the position that currency policy should be based on market conditions" and he urged on a "more specific stance" on this issue. He emphasized that the G20 should "move from general phrases to more specific measures."
The IMF’s latest forecasts for global growth in 2013 QNB Group
1) Many emerging markets are entering a difficult period of weaker growth, capital outflows, and tighter monetary policy as expectations of reduced US monetary stimulus have increased volatility in EM currencies, bonds, and stock markets since May 2013.
2) The immediate catalyst is expectations that the US Federal Reserve will taper its quantitative easing program in 2014, raising US interest rates and making EM assets less attractive, but the broader policy direction of reduced global monetary stimulus will continue pressuring EMs.
3) In response to capital flight, major EMs like Brazil, Indonesia, India, and Turkey have recently raised interest rates, but tighter monetary policy will further weaken EM growth even as some countries make reforms to attract capital inflows
A Requiem for Quantitative Easing in the United StatesQNB Group
The US Federal Reserve ended its quantitative easing (QE) program in October 2014 after purchasing assets for over two years to stimulate the economy. QE involved the Fed purchasing private and public assets to increase the monetary base and reduce long-term interest rates. The goal was to further stimulate the economy after short-term interest rates hit zero in late 2008. While the full impact of QE is still debated, the US economy improved with unemployment falling and asset prices rising. Globally, QE flows boosted emerging markets but also led to instability when the Fed began tapering purchases in 2013. The Gulf Cooperation Council was less impacted than other emerging markets due to its closed and surplus economies.
India PR Wire Mar 23, 2009 Enthused By Us Plans, Sensex Rises 5.1 PercentJagannadham Thunuguntla
"The bounce is quite impressive, but investors will remain sceptical about the sustainability of this rally," said Jagannadham Thunuguntla, equity head with SMC Capital.
Indiaenews Oct 13, 2008 Markets Recover 40 Percent Of Last Weeks LossesJagannadham Thunuguntla
Concerted European action to strengthen the banking system has given the much-needed confidence that investors were looking for, said Jagannadham Thunuguntla, head of the capital markets arm of India’s fourth largest share brokerage house SMC Group.
Bombay News Mar 28, 2009 Indian Equities End Week On A High As Global Cues St...Jagannadham Thunuguntla
“This might sound pessimistic but sadly, the rally is not sustainable. I wish it was a permanent recovery, but it’s not,” said Jagannadham Thunguntula, equity head at SMC Capitals.
“The futures and options closing helped push the Sensex upwards and global cues helped, but markets are still being driven by speculation rather than any sound investment strategy,” he added.
“They will soon fall back,” Thunguntula contended.
Calcutta News Mar 28, 2009 Indian Equities End Week On A High As Global Cues ...Jagannadham Thunuguntla
Indian stock markets ended the week significantly higher, with the Sensex gaining over 12% over the previous week's close. The rally was driven by strong global market cues as well as short covering due to futures and options contracts expiring. However, some analysts remain pessimistic and believe the rally is unsustainable and not based on economic fundamentals, predicting the markets will soon fall back. The top gainers for the week were Tata Steel, HDFC Bank, ICICI Bank, Reliance Capital, and SBI.
India Forums Dec 23, 2009 Mukherjees Statement Sends Sensex Soaring 539 PointsJagannadham Thunuguntla
'The rally is a combination of many factors. The finance minister's statement did help, but it's also the closing time for many foreign funds, hedge funds, who buy at this time usually to prop the value of their portfolio,' said SMC Capitals equity head Jagannadham Thunuguntla.
'The rally is a combination of many factors. The finance minister's statement did help, but it's also the closing time for many foreign funds, hedge funds, who buy at this time usually to prop the value of their portfolio,' said SMC Capitals equity head Jagannadham Thunuguntla.
“Investors are buying up short positions again. That coupled with favourable global cues has helped the markets move further up,” said Jagannadham Thunguntula, equity head at SMC Capitals.
“Investors are buying up short positions again. That coupled with favourable global cues has helped the markets move further up,” said Jagannadham Thunguntula, equity head at SMC Capitals.
News Track Oct 31, 2008 Indian Equities End Green, Recover From Bear ExcessesJagannadham Thunuguntla
Indian equities rebounded sharply on Friday, recovering from losses earlier in the week. The key index rose 8.22%, its largest single-day gain in recent weeks, driven by short-covering and optimism over interest rate cuts by the US Federal Reserve and Japanese central bank. However, analysts cautioned that the market still lacks depth and investors remain jittery over the global financial crisis and its economic impact. They said it was too early to determine if the rebound indicated a resumption of an upward bullish trend.
Bombay News Oct 13, 2008 Markets Recover 40 Percent Of Last Weeks LossesJagannadham Thunuguntla
“Concerted European action to strengthen the banking system has given the much-needed confidence that investors were looking for,” said Jagannadham Thunuguntla, head of the capital markets arm of India’s fourth largest share brokerage house SMC Group.
Calcutta News Apr 13, 2009 Markets Start Week On Bullish Note, Sensex Up ...Jagannadham Thunuguntla
Investors carried on last week’s optimism, but the general feeling in the trader community is that these levels are not sustainable under the current circumstances,’ said Jagannadham Thunuguntla, equity head at stock brokerage SMC Capitals in New Delhi.
Calcutta News Apr 13, 2009 Markets Start Week On Bullish Note, Sensex Up 163 ...Jagannadham Thunuguntla
The Indian stock markets continued their bullish trend on Monday, with the key Sensex index rising 163 points (1.51%) to close at 10,967 points. Metal, banking and realty stocks saw gains while consumer durables and IT faced some selling pressure. Foreign funds were net buyers, investing $22.5 million. However, some analysts felt the current market levels may not be sustainable given economic circumstances. Markets will be closed on Tuesday for a holiday.
India Pr Wire Mar 28, 2009 Indian Equities End Week On A High As Global Cues ...Jagannadham Thunuguntla
“This might sound pessimistic but sadly, the rally is not sustainable. I wish it was a permanent recovery, but it’s not,” said Jagannadham Thunguntula, equity head at SMC Capitals.
“The futures and options closing helped push the Sensex upwards and global cues helped, but markets are still being driven by speculation rather than any sound investment strategy,” he added.
“They will soon fall back,” Thunguntula contended.
IndiaeNews Nov 19, 2008 Bears Prevail Again, Key Index Ends Below 9,000Jagannadham Thunuguntla
“When there is buying the volumes are thin, but when there is selling the volumes are big so that there is consensus on selling but no consensus on buying,” said Jagannadham Thunuguntla, head of the capital markets arm of India’s fourth largest share brokerage house, the Delhi-based SMC Group.
Ya Hind News Jan 27, 2009 Markets Move North, Sensex Gains 329 PointsJagannadham Thunuguntla
“A lot of short positions have been built in the markets, which led to a short-covering resulting in a rally. We would see more of these for the next two days,” said Jagannadham Thunuguntla, head of the capital markets arm and director of India’s fourth largest share brokerage firm, the Delhi-based SMC Group.
South Asia News Nov 19, 2008 Bears Prevail Again, Key Index Ends Below 9,000Jagannadham Thunuguntla
“When there is buying the volumes are thin, but when there is selling the volumes are big so that there is consensus on selling but no consensus on buying,” said Jagannadham Thunuguntla, head of the capital markets arm of India’s fourth largest share brokerage house, the Delhi-based SMC Group.
India Enews Dec 3, 2008 Directionless Equities Markets End Marginally In GreenJagannadham Thunuguntla
'Volumes are very low and the market is still searching for direction as is obvious from the volatility,' Jagannadham Thunuguntla, head of the capital markets arm of India's fourth largest share brokerage firm, the Delhi-based SMC Group, told IANS.
'For example, there is still no clarity as to what US president-elect Obama's stimulus package will be , no numbers have been given yet,' he said.
He, however, said that the statement by the US House of Representatives Speaker Nancy Pelosi that bankruptcy of the big three US automobile makers was not an option was a bit of welcome news although the $34 billion bailout package that the car makers have asked from the US government seems too little.
Two Circles Sept 26, 2008 - Markets end in red on US bailout plan uncertaintyJagannadham Thunuguntla
Indian markets ended sharply lower as uncertainty remained over the $700 billion US bailout plan. Traders sold off positions due to lack of clarity over the US financial situation, including the postponing of a meeting between presidential candidates and the buyout of Washington Mutual by JPMorgan Chase. The Sensex index fell 445 points, or 3.28%, as realty, metal, bank and capital goods stocks declined, while only a few fast moving consumer goods stocks gained. Analysts said sentiment was negative throughout the session.
“A lot of short positions have been built in the markets, which led to a short-covering resulting in a rally. We would see more of these for the next two days,” said Jagannadham Thunuguntla, head of the capital markets arm and director of India’s fourth largest share brokerage firm, the Delhi-based SMC Group.
“Investors are buying up short positions again. That coupled with favourable global cues has helped the markets move further up,” said Jagannadham Thunguntula, equity head at SMC Capitals.
Similar to South Asia News Mar 23, 2009 Enthused By Us Plans, Sensex Rises 5.1 Percent (20)
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How Poonawalla Fincorp and IndusInd Bank’s Co-Branded RuPay Credit Card Cater...beulahfernandes8
The eLITE RuPay Platinum Credit Card, a strategic collaboration between Poonawalla Fincorp and IndusInd Bank, represents a significant advancement in India's digital financial landscape. Spearheaded by Abhay Bhutada, MD of Poonawalla Fincorp, the card leverages deep customer insights to offer tailored features such as no joining fees, movie ticket offers, and rewards on UPI transactions. IndusInd Bank's solid banking infrastructure and digital integration expertise ensure seamless service delivery in today's fast-paced digital economy. With a focus on meeting the growing demand for digital financial services, the card aims to cater to tech-savvy consumers and differentiate itself through unique features and superior customer service, ultimately poised to make a substantial impact in India's digital financial services space.
“Amidst Tempered Optimism” Main economic trends in May 2024 based on the results of the New Monthly Enterprises Survey, #NRES
On 12 June 2024 the Institute for Economic Research and Policy Consulting (IER) held an online event “Economic Trends from a Business Perspective (May 2024)”.
During the event, the results of the 25-th monthly survey of business executives “Ukrainian Business during the war”, which was conducted in May 2024, were presented.
The field stage of the 25-th wave lasted from May 20 to May 31, 2024. In May, 532 companies were surveyed.
The enterprise managers compared the work results in May 2024 with April, assessed the indicators at the time of the survey (May 2024), and gave forecasts for the next two, three, or six months, depending on the question. In certain issues (where indicated), the work results were compared with the pre-war period (before February 24, 2022).
✅ More survey results in the presentation.
✅ Video presentation: https://youtu.be/4ZvsSKd1MzE
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
Budgeting as a Control Tool in Government Accounting in Nigeria
Being a Paper Presented at the Nigerian Maritime Administration and Safety Agency (NIMASA) Budget Office Staff at Sojourner Hotel, GRA, Ikeja Lagos on Saturday 8th June, 2024.
Explore the world of investments with an in-depth comparison of the stock market and real estate. Understand their fundamentals, risks, returns, and diversification strategies to make informed financial decisions that align with your goals.
Monthly Market Risk Update: June 2024 [SlideShare]Commonwealth
Markets rallied in May, with all three major U.S. equity indices up for the month, said Sam Millette, director of fixed income, in his latest Market Risk Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
South Asia News Mar 23, 2009 Enthused By Us Plans, Sensex Rises 5.1 Percent
1. Enthused by US plans, Sensex rises 5.1 percent
Mar 23rd, 2009 |
A good start by European bourses coupled with news that the Obama administration was planning to buy $1 trillion
worth of toxic assets sent Indian equities markets spiralling, with a key index Monday closing 5.1 percent above its
previous close.
The 30-scrip Bombay Stock Exchange (BSE) sensitive index (Sensex), which opened at 9,040.3 points, shut shop at
9,424.02 points - a rise of 457.34 points or 5.1 percent.
Similarly, the S&P; CNX Nifty of the National Stock Exchange (NSE) gained 4.73 percent from its last close to end
trade at 2,939.9 points.
The BSE midcap index ended 2.73 percent higher, while the BSE smallcap index was up 2.01 percent.
quot;The bounce is quite impressive, but investors will remain sceptical about the sustainability of this rally,quot; said
Jagannadham Thunuguntla, equity head with SMC Capital.
All the 13 sectoral indices on the exchange ended in positive terrain, with the indices for banking, metal and oil and
gas stocks gaining the most.
Among the 30 composite Sensex, 29 stocks closed in the green while only one - DLF - ended in the red.
Top gainers were Ranbaxy, up 10.8 percent at Rs.161.05; Tata Steel, up 10.39 percent at Rs.194.40; Reliance Infra,
up 9.88 percent at Rs.530.60; and Hindalco, up 9.35 percent at Rs.52.05.
The Tata Motors scrip, which shot up by 8 percent ahead of the launch of Nano, fell from its intra-day high to close at
Rs.166.05, a rise of 3.2 percent from its previous close.
The overall market sentiment was positive, with 1,629 stocks advancing, 899 scrips declining and 114 remaining
unchanged.
The markets rose after the US government late Sunday said it would initially commit up to $100 billion to subsidise
private investors' purchase of the quot;toxicquot; or worthless assets on bank books.
The aim of the public-private partnerships is to buy up at least $500 billion of bad assets, and possibly up to $1 trillion
over time.
quot;Over time, by providing a market for these assets that does not now exist, this programme will help improve asset
values, increase lending capacity by banks, and reduce uncertainty about the scale of losses on bank balance
sheets,quot; US Treasury Secretary Tim Geithner wrote in an op-ed in the Wall Street Journal newspaper.
Asian markets were a mixed bag with Japan's benchmark Nikkei 225 stock average shutting shop 269.57 points
higher than its previous close, while the Hang Seng, a key index of the Hong Kong Stock Exchange ended trade 4.78
percent or 613.91 points higher at 13,447.42 points.
2. European markets, which came online before Indian bourses ended trade, were ruling in the green, with the FTSE in
Britain trading 1.65 percent higher and its French peer CAC 40 trading in positive terrain, 40.56 points or 1.45 percent
higher.