Stocks To Keep A Close Eye On
- Thread starter SavantGarde
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Shares of LIC Housing Finance Ltd., along with those of realty companies Hindustan Construction Co., Oberoi Realty Ltd. and DB Realty Ltd. plunged early Thursday after the companies were named in a loan scandal late Wednesday.
The Central Bureau of Investigation Wednesday arrested eight people, alleging they took huge bribes to issue corporate loans. The arrested include four senior bankers at state-controlled lenders, three from a financial services firm and one from India’s largest insurance company.
The CBI alleged that the loans in question were given to companies including Lavasa Corp., a unit of Hindustan Construction, Oberoi Realty and DB Realty, as well as some other listed and privately-owned companies.In latest trade, LIC Housing Finance, whose chief executive was arrested in the case, was down 6.9% at 995 rupees ($21.7). The BSE Real Estate Index was down 3.4% at 2,938.64, with Hindustan Construction falling 5.8% to 52.40 rupees, Oberoi Realty plunging 6.3% to 247 rupeesand DB Realty sliding 7.8% at 241 rupees. The 30-stock benchmark Sen, however, was 0.3% higher at 19,517.38.
“In the real estate space, we can see continuous pressure as their funding source line may get impacted. We recommend investors stay away from the sector,” ICICIdirect.com said in a note.
The Central Bureau of Investigation Wednesday arrested eight people, alleging they took huge bribes to issue corporate loans. The arrested include four senior bankers at state-controlled lenders, three from a financial services firm and one from India’s largest insurance company.
The CBI alleged that the loans in question were given to companies including Lavasa Corp., a unit of Hindustan Construction, Oberoi Realty and DB Realty, as well as some other listed and privately-owned companies.In latest trade, LIC Housing Finance, whose chief executive was arrested in the case, was down 6.9% at 995 rupees ($21.7). The BSE Real Estate Index was down 3.4% at 2,938.64, with Hindustan Construction falling 5.8% to 52.40 rupees, Oberoi Realty plunging 6.3% to 247 rupeesand DB Realty sliding 7.8% at 241 rupees. The 30-stock benchmark Sen, however, was 0.3% higher at 19,517.38.
“In the real estate space, we can see continuous pressure as their funding source line may get impacted. We recommend investors stay away from the sector,” ICICIdirect.com said in a note.
Hi SG
I had sent pvt message to you. so far no reply. Now Ihave found out how
to continue in this thread. Please reply to my messages. I have 50k left for
trading.
One confession, I have short sold IT index @ 6675/- of DEC. Please
let me know I have come out immediately or can wait. I am working and
cannot continuously monitor. Please help.
I had sent pvt message to you. so far no reply. Now Ihave found out how
to continue in this thread. Please reply to my messages. I have 50k left for
trading.
One confession, I have short sold IT index @ 6675/- of DEC. Please
let me know I have come out immediately or can wait. I am working and
cannot continuously monitor. Please help.
http://www.investopedia.com/terms/b/bearmarket.asp
Investopedia explains Bear Market
A bear market should not be confused with a correction, which is a short-term trend that has a duration of less than two months. While corrections are often a great place for a value investor to find an entry point, bear markets rarely provide great entry points, as timing the bottom is very difficult to do. Fighting back can be extremely dangerous because it is quite difficult for an investor to make stellar gains during a bear market unless he or she is a short seller.
Investopedia explains Bear Market
A bear market should not be confused with a correction, which is a short-term trend that has a duration of less than two months. While corrections are often a great place for a value investor to find an entry point, bear markets rarely provide great entry points, as timing the bottom is very difficult to do. Fighting back can be extremely dangerous because it is quite difficult for an investor to make stellar gains during a bear market unless he or she is a short seller.
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