Market Matrix – Fall of US market by 36 pc and UK market by 39 pc over the year

Friends, In the aftermath of the second week of bad performance by all world markets, there is loss of thinking power to some extent for the logic is being defied by the fear psychosis in the thinking space of mind. Let us recount some of the facts of the day. The UP govt has declared

Market Matrix – Angle of value in shares quoting low

Friends, There is some change in the scene today, at least for India. Nifty is trading at 3430 and Nifty futures command premium of 40 points. I am happy to have put forth the angle of value in shares quoting low. If overseas (European) advices show positive movement and the effect is carried forward to

Nifty over the years 2001 – 2008

Friends, The Nifty opening and closing in the October month since 2001 one is as under: Oct 01 Oct 31 Feb/Mar Peak 2001 910 971 ———- 2002 955 951 1193 (070302) 2003 1420 1555 1070 (240203) 2004 1775 1786 1920 (170204) 2005 2630 2370 2168 (080305) 2006 3569 3744 3418 (300306) 2007 5068 5900 4224

Market Matrix – Effort at cutting interest rates across globe

Friends, There is a concerted effort at cutting interest rates across globe. China’s central bank has cut rate by 277 bpa and also has reduced the reserves requirement by 50 bps. US Fed cut rates by 50 bps to just 1.5 pc. BoE and ECB have also cut rates by 50 bps. FED has also

Market Matrix – Nifty closed nearly at 3600 level

Friends, Last week has been one of the most action packed and still has passed without any historic single day fall in any of the markets around the world with an exception of DOW which lost maximum in a day for the past eight year period, if not all time. Today markets in India have