Tuesday, November 12, 2024

The Great Indian Stock Market and Its Vicissitudes

 

The sudden drop and quick recovery of stock prices that we can see indeed resemble the historical practice of wash trading of 19th century or early 20th century. However, it is important to differentiate between market manipulations and other legitimate market dynamics. Here are some key factors to consider in Indian context. 


The Indian stock market is a dynamic and ever-evolving entity, showcasing both growth opportunities and the complexities that come with its characteristic fluctuations. Like any major market, it rides waves of optimism and corrections, responding to global events, policy changes, investor sentiment, and corporate performance. For those engaged in the market—from day traders focusing on pivot points to investors eyeing long-term growth prospects—it demands not just financial investment but a strategic approach and adaptability to its shifts.

Nifty 50 Index:

This index displays a series of pullbacks, with prices retreating from recent highs and oscillating around key support levels. The price action underscores the cautious sentiment prevailing in the market, as investors continuously reassess positions in response to both domestic and global economic events. The repeated testing of lower levels around the 23,900 mark signifies the resilience of the support zone while hinting at potential consolidations or reversals as market conditions evolve.

Nifty Bank Index:
The Nifty Bank Index exhibits even more pronounced fluctuations, with a sharp drop, reflecting heightened volatility compared to the Nifty 50. The index faces strong downward pressure, with prices struggling to hold above the critical 51,000 level. Oversold signals suggest the potential for a near-term recovery or at least a consolidation, with volume indicating active market participation and investor sentiment shifts.

These indices exemplify the broader vicissitudes of the Indian stock market. They highlight the need for traders and investors to adapt continuously, using tools and strategies to respond to market shifts. For companies pursuing IPOs or funding rounds, such market behavior emphasizes the importance of strategic timing and financial planning, particularly in volatile conditions.

In summary, the movements in the Nifty 50 and Nifty Bank indices embody the challenges and opportunities inherent in the Indian stock market, demanding a strategic approach to capitalize on its cycles and navigate its uncertainties.

Wednesday, February 21, 2024

Power of Intercession of Mother Mary - across the world

 Power of Intercession of Mother Mary - across the world

1. On the eve of the Battle of Borodino in 1812, Russian generals and soldiers sought solace and divine intervention by praying before the Smolensk Icon of the Virgin Mary. As a result, despite France boasting the most formidable army in Europe during the 1800s, Russia managed to resist the French invasion successfully. The turning point occurred when an unusually early Russian winter descended within a month, leading to the destruction of the entire French army. Napoleon, an avowed Atheist who even went so far as to arrest the Pope, experienced a crushing defeat in 1815. He was exiled to a small rocky island in the middle of Atlantic, far away from Europe and held in captivity as Prisoner of Europe. Before his eventual death in St. Helena, Napoleon embraced the Catholic faith once more.

 2. In 1571 and 1683, the Ottoman Empire attempted to conquer Vienna, where the Christian army found itself outnumbered and outgunned. On both occasions, the tide of battle shifted through the prayerful intervention of Mother Mary, saving Vienna from the Ottoman forces. Subsequently, the Ottomans never launched another attack on Europe. To delve deeper into this historical connection, you can explore the details provided in this link: https://schooloffaith.com/rosary-archive/the-holy-name-of-mary

The enduring faith of many Europeans, particularly in Eastern Europe, continues to play a significant role today. It is noteworthy that regions with a strong faith tradition tend to preserve their cultural heritage. Conversely, there is a perceptible decline in traditions and culture in places with diminishing faith, such as England, where Middle Eastern culture appears to be gradually displacing traditional values.

 3. When Tipu Sultan launched an attack on Travancore, the Christian women of the region gathered at the Manarcadu church, praying fervently for the defeat of Tipu and his formidable army. The rape, atrocities and horror stories perpetrated by Tipu's religiously motivated forces had already reached Travancore, instigating deep concern. This historical event is widely known among Kerala Christians, highlighting the origin of the unique tradition of an 8-day fasting period in the region. In a surprising turn of events, Tipu Sultan faced a sudden and devastating setback as his army was lost in an instant flood of the Periyar River. Tipu failed to invade Travancore & met his end with British. 

 4. There are couple of more wars against powerful Ottomans , won through luck by European nations. And the luck turned out to be the intervention of Mother Mary. Those who are interested may research on this further.

These are just a few examples where the intervention of Mother Mary changed the course of the world. Millions still seek the intervention of their daily problems and miracles are reported across the world. Mother Mary shrines are across all the continents. 

 No wonder, National Geographic, well known scientific magazine carried an article on Mother Mary and the millions of miracles attributed to the intervention of Mother Mary.  Thousands of Shrines across the world is devoted to Mother Mary , who was lucky to carry the Savior of Mankind in her womb. So, she is venerated across in all continents!  That’s why in December of 2015, National Geographic featured an amazing title. “Mary, The Most Powerful Woman in the World”.  It’s not often that the secular world bestows such a high title on the humble Mother of God as Catholics and Orthodox love so deeply. What is it about Mary that makes her so powerful?

 see the link https://ngsingleissues.nationalgeographic.com/ngm_december_2015

https://catholic-link.org/national-geographic-names-mary-most-powerful-woman/#:~:text=%E2%80%9CIn%20her%20messages%2C%20her%20call,What%20is%20this%3F

 The essence of this article is to underscore that the intervention of Mother Mary should not be dismissed as mere coincidence; rather, it has been credited with performing miracles. How the miracle happens? Is it faith healing? While prayer may be interpreted as a conduit for invoking quantum forces & energies, it's crucial to acknowledge that alongside prayer, human effort played a significant role in the outcomes observed. The message is clear: when seeking Mother Mary's intervention, it is imperative to complement prayers with sincere human endeavours. Only then Mother Mary can intercede on your behalf and seek blessings from her son, Jesus for their endeavours and efforts.  So, Human efforts and Prayers shall be in the ratio of 50:50.

 The idea of a 50:50 ratio between human efforts and prayers is not a strict rule but rather a conceptual way to emphasize the importance of both aspects. It suggests a balanced approach where individuals are encouraged to put in sincere and diligent efforts (the human aspect) while also seeking divine intervention through prayer (the spiritual aspect). The specific ratio may vary based on personal beliefs and interpretations.

 In essence, the message is to combine earnest human endeavor with spiritual faith, understanding that both contribute to the overall journey toward a goal. The emphasis is on a holistic approach that integrates both the practical and spiritual dimensions of one's efforts.

 God Bless all readers of this small Article 😊


Sunday, September 17, 2023

FINESSE - THE LEADER IN CYBERSECURITY

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Saturday, December 10, 2022

Market Musings for the week starting 12 Dec 2022

 

  1. On Dec 9, 2022, Dow fell by 305 points
  2. US Inflation Data and India's Inflation Data will be announced next week starting 12 Dec, which will decide the market moves.
  3. 2023 recession in US is widely talked about and almost certain. However, since this is not a big surprise, the markets may not crash; however, could decline, depending upon the intensity of the recession.
  4. Indian economy is expected to be resilient in 2023- but not immune to the recession in the USA & Europe.  If the recession is mild in USA & Europe, good for Indian economy. If the recession is steep, bad for Indian Economy, especially IT and hence, not so good for Indian stock market.
  5. It is worth to note that during February 2018, when Inflation data was not favourable in the USA, Dow fell by 5%.
  6. Year-end/ Santa Claus/ Christmas rally (albeit a minor one) can be expected in the next two weeks.

Friday, October 11, 2019

A day at Dubai Metro - a perfect example of successful VISION & MISSION


Dubai is a fascinating city- a true oasis in the middle of middle eastern desert. It hosts all nationalities and the local UAE nationals are always ready with a smile and hospitality.

Ever since I landed in Dubai as a banker than a decade ago, this place continues to amaze me. In 2004, there was no metro, no Burj Al Arab, no Palm, no Mall of Emirates with its wintery ski-mall, etc.
In today's blog, we will speak about Dubai Metro and how its common features with yet another success business story of GE. 
Today at 9.30 pm I was sitting at Dubai metro, Burjuman station and it was crowded, which tells about the success story of the first metro in the Middle east. 
My thoughts fly back to 2004 when the metro project was announced. It was the first such project. Many doubted its viability. Typical to UAE, (Dubai in particular) style it was built quickly and launched at the middle of the 2008 crisis. Even the promoters stated at the time of launch on 09-09-2009 that it may take more than a decade to see the metro profitable. However, the number of travellers in 2014 was around 15 million per day! and increasing.
 
Now a thumping success. It has much to do with the vision and mission 


Sunday, February 10, 2019

IFRS 9 - RESULT OF 2008 FINANCIAL CRISIS


One of the main reasons that contributed to the Financial Crisis that began during 2006-end and became a full blown crisis on 15 Sep 2008, with the collapse of Lehman Brothers, can be traced to some of the Accounting Standards followed then, especially IAS 39. This is what critics says. By the end of 2008 , such accounting practices, along with other economic factors, resulted in the collapse of numerous commercial and investment banks, including several high profile institutions such as Bear Stearns,  Merrill Lynch, Wachovia, etc. 

The Financial Crisis resulted in a near collapse of the US banking sector.   Most agree the crisis started due to the bursting of the housing bubble in the US, traceable to the hike in interest rates by Ben Bernanke.  The near collapse of the financial sector has resulted in the greatest economic contraction that the US and Europe have seen since the end of the Second World War. 

After the dust settled, there were legislative and regulatory changes to address the underlying causes of the housing bubble and the Financial Crisis. Such initiatives to prevent a repeat of the Financial Crisis demanded suitable amendments to Accounting Standards.   In this regard, fair value accounting that was a considered as a major contributing factor to the pro-cyclical fluctuations in the value of financial assets, financial instruments and liabilities demanded a revisit.

Accordingly, Accounting Standard setters began to pay more attention to IAS 39 that might have played a significant role in contributing to the Financial Crisis. Now, IAS 39 is no longer in existence. It is replaced by IFRS 9 that provides guidance on Financial Instruments: Recognition and Measurement.

Many believe that IFRS 9 affects just banks and financial institutions. It is not true. It affects non-financial institutions as well, especially , if you have a substantial trade debtors portfolio. Such entities will have to start providing for possible future credit losses much earlier. Please refer to the attached presentation for more details. Please click the following link.
https://www.linkedin.com/in/ciby-joseph-016b356/detail/recent-activity/

Wednesday, November 21, 2018

Market view - 22 Nov 2018

USA
Yesterday DOW ended flat after a promising jump at the beginning.
S&P Vix at 21, highest since Feb/Mar 2018. It touched low of 12 in Sep 2018. Only July/Aug 2015 VIX at 25 was higher than at current levels. It means there is fear in the US market. Recently, the confidence in the housing segment in the US hit a road block.

EUROPE
Germany GDP growth was disappointing
DAX went up yesterday, may go down today ... observe its opening and sentiments at 12 pm

ASIA
Asian shares mixed at opening

INDIA
Range bound