Friday’s Market Preview: Cautious opening indicated

The local market is likely to open on a cautious note on subdued cues from the global arena. Wall Street closed mostly lower overnight in the holiday-shortened week on low volumes and mixed economic data while markets in Asia were trading mostly lower in early trade today on lower metal prices that put pressure on mining companies. The SGX Nifty was down 7.50 points at 5,988.50 compared to its previous close of 5,995.

The market opened with meagre gains on Thursday, tracking its Asian peers that were mixed. The indices slipped into the red after touching the day's high and were range-bound. However, a sharp rise in the weekly food inflation data put pressure on the market, dragging the indices down. The post-noon session saw the key indices trading sideways on both sides of the neutral line. The market closed flat with a negative bias, down for the second day in a row.

The Sensex ended at 19,982.88, below its psychological level of 20,000 and down by 32.92 points (0.16%) over its previous close. The Nifty settled 4.40 points (0.07%) lower at 5,980.

The US markets closed mostly lower on Thursday on mixed economic data amid thin-volume trade in the holiday-shortened week. In economic data, consumer sentiment was up in December to its highest level since June and demand for long-lasting manufactured goods rose. Initial claims for jobless benefits edged down, but a rise in new home sales in November was below expectations. A rise in copper inventories on the London Metal Exchange renewed demand concerns from China, the world’s largest consumer of metals.

The Dow gained 14 points (0.12%) to 11,573.49. The S&P 500 shed down 2.07 points (0.16%) at 1,256.77. The Nasdaq lost 5.88 points (0.22) to 2,665.60.

US stock markets are closed on Friday for the Christmas Eve holiday.

Markets in Asia were mostly lower in early trade on Friday on speculations of China’s policy measures and a fall in metal prices. Chinese stocks were lower on worries that higher lending costs will raise borrowing costs while new rules might curb auto sales. Japan’s Nikkei was down on lower metal prices and the weakening dollar against the yen lowered the outlook for exporters.

The Shanghai Composite declined 0.43%, the Hang Seng fell 0.30%, the KLSE Composite was down 0.13%, the Nikkei 225 shrank by 0.71%, the Seoul Composite shed 0.08% and the Taiwan Weighted fell 0.30%. On the other hand, the Straits Times surged 0.22% in early trade. The SGX Nifty was down 7.50 points at 5,988.50 compared to its previous close of 5,995.

India has been ranked as the most preferred real estate destination in the Asia Pacific region as foreign investors still consider the country to be extremely viable, a report released on Thursday showed.

“India, and particularly Mumbai and New Delhi, are ranked the foremost real estate market destinations as the residential properties have maintain the growth momentum, and foreign investors still consider this market to be extremely viable,” the ULI-PwC report, ‘Emerging trends in Real Estate in Asia Pacific 2011’, said.

Going forward, the report forecast that India will continue to maintain a GDP growth momentum of 9%-10% per cent by 2015, as Asia’s third-largest economy will witness new private equity in capital markets which will inject capital in infrastructure projects.


Another value addition to Moneylife site

Today we are opening up our database to all readers. You can access stock prices and corporate information of about 1,334 companies spread across 49 sectors and five capitalisation sizes, tracked by Moneylife, anytime you want to.

We felt one of the key aspects missing on Moneylife portal was the updated stock market prices and corporate database, which we follow while tracking the listed entities. The main advantage of using Moneylife tickers and database is the customised format of our unique data in true digital avatar.

Moneylife database of 1334 companies undergoes periodic revision as new companies get listed or some become unworthy of investment. So you may ask how it is different and how it works?

How are we different?

For starters, the ticker at the top is 'smart' and flexible. That means you can change the ticker according to either Moneylife Market Cap (ML MCap) or Moneylife Sector (ML Sector). For example, if you select ML MegaCap and then click on the 'Go' tab, you would be able to see stock prices of companies from the ML Mega Cap list. Similarly, if you select ML Auto, then you would be able to see stock prices of companies from this sector and so on.

Remember, Moneylife is the first publication that uses Mega Cap (companies with MCap of over Rs10,000 crore) and Micro Cap (companies with a MCap of less than Rs100 crore) to grade companies, besides the regular Large Cap, Mid Cap and Small Cap, according to their market capitalisation on that particular day.

We have tried to keep it really simple and easy to understand. On the company snapshot page, we have listed four-five key ratios, which give a fair idea about the health and profitability of a company. Some of the key ratio that your may want to take a look are Price to Earnings (P/E) ratio, Price to Book Value (P/Bv) ratio and Return on Equity (ROE) ratio. You really don't need anything more than this.

How does it work?

It is simple. You can either click on the name of any company that appears on the scrolling ticker. Or you can type the company's name in the 'Get Quote' window and it will open up a snapshot of the selected company. This is where you can see the fundamentals and technicals of the company's stock.

In the 'smart' Price Charts, you would be able to compare the share price movement of the selected company with its peers or with Moneylife's sectoral index. Here you can compare price movement from one day to five years. It also gives you the daily moving average (DMA) for 20 days, 50 days and 200 days, provided you select the appropriate period for the price chart. For example for a DMA of 20 days you need to select a period of 1 month and more. Similarly, for a 50DMA you will have to select a period of three months and more and so on.

Here are some key features that you can use to know more about any particular company.

1.    Check the company's share price performance on the BSE and NSE

2.    Check the company's share price performance ranging from one day to five years

3.    The company's recent shareholding pattern

4.    Check the growth indicators like sales, operating profit and net profit over the last five quarters and year on year growth

5.    Check the financials of a company (Profit & Loss and Balance Sheet) with detailed break up for past 4 years

6.    Observe overall effectiveness of the company in terms of different ratios like return on equity, return on assets and return on investments and other crucial valuation ratios. These ratios are all you need.

7.    The mutual fund schemes that hold shares in the company and the size of their holding.

We believe that this is all you need to make intelligent assessment of a stock's trend and its fundamentals. At least that's what we use, which has yielded consistently high returns in the past.

Hope you will find our new feature useful. Write to us [email protected] or [email protected] with comments and suggestions. Happy Investing



Bharat Joshi

5 years ago

great addition to the publication in which lot of ordinary investors have faith..........You can start a weekly negative stock idea. i.e the stocks to avoid.................


5 years ago



pramod sawant

5 years ago

i purchased RCOm 250 @155 WHTS IS THE future of this RCOM if i m ready to wait till 1 year from now ??

N K Bansal

5 years ago

Can I have access to deliberations / Talks delivered in the workshops organised by moneylife foundation as referene material for me to use in Workshops/Meets/events conducted on Financial Planning & Awareness, Financial counselling, Debt Management And credit counselling.
Counseller, Disha- Ludhiana


6 years ago

Let's Invent money ideazz... Money is everything..?...Some may Debate...But lot of problems could be solved with it...& To earn Money you need to throw Ideazz...& push those Ideazz to make them Reality...So Let's Invent Ideazz..."


6 years ago

I want access to your database also the subscription to the to the paid short term cheeta newsletter


Pradeep B

6 years ago

Sorry.. I have got it..


6 years ago

How to access your data bank?


6 years ago

I would much appreciate a critical comment on the Company's Corporate Governance aspects from Moneylife. In whatever depth for whichever closed list of companies based on whatever limited information.

This is a differntiating factor for you since I (and the average investor) knows you are the "good" guys. This aggregation of information at present I can get on any other website.


Debashis Basu

In Reply to Aditya 6 years ago

Very useful suggestion
Will work it immediately at least on a 3-point grade: good, bad, cant say


6 years ago

Please include dividend history and dividend yield


Debashis Basu

In Reply to sakharam 6 years ago

Thanks for your input
We will work on it

Pradeep N

6 years ago

Great! Bravo!

Next steps,

1: Ability for user to track companies and get alerts during result reasons.

2: Search criteria, i want to know in micro cap, all those companies which have grown more than 20% in Operating margins etc.


6 years ago



Scamsters offering lucrative jobs in Siemens for a ‘fee’

A new e-mail message offering a job with Siemens is doing the rounds. The salary is an attractive Rs30,000 to Rs2 lakh a month. Candidates must first pay Rs10,000 as ‘interview security deposit’, and they will get air tickets to the interview too

Job scams or fake job offers are not a new thing. Some time ago, companies like Wipro and Videocon were forced to issue clarifications that they don't ask candidates to pay money for jobs. Now, a new e-mail going around is offering an opportunity to work with Siemens on a salary ranging from Rs30,000 to Rs2 lakh per month; this excludes house rent allowance (HRA), dearness allowance (DA), conveyance and other benefits.


There are several similarities between the e-mails for the previous Videocon and current Siemens job offers-like addressing, writing style, language and the overall format. In both instances, the operators say they are looking for 62 candidates for each of the companies and they offer to send air tickets for those going to attend interviews at the company's headquarters. The catch is each candidate has to pay a security deposit of Rs10,000 and more; the amount, the operators say, is refundable.


The e-mail says: "You have to deposit the (cash) as an initial amount in favour of company HRD department for Rs10,000 through any State Bank of India branch from your home city to the company senior HRD. The account number will be sent to you upon your response. This is refundable interview security. Your offer letter with air tickets will be sent to your home address by courier after receiving the confirmation of the interview security deposited in State Bank of India. The company will pay all the expenditure to you at the time of face-to-face meeting with you in the company. The job profile, salary offer, and date and time of the interview will be mentioned in your offer letter."


Viswakumar Menon, head of corporate communications at Siemens Ltd, said, "Such e-mail job offers have come to our notice and we have taken necessary action. We have also filed a complaint with the police and as per our knowledge they (police) have caught some people who are thought to be behind this e-mail scam." Mr Menon said, "The candidates should understand that no company (to my knowledge) asks to pay any security deposit for job selection or interview. We, at Siemens, make it clear in our recruitment ads as well."


In the case of Siemens, the scamsters are offering a salary of Rs30,000 to Rs2 lakh, whereas in the case of Videocon the amount goes up to as high as Rs11 lakh per month, and that without mention of the post or designation. Those who have fallen victim to such e-mails are usually tempted by the big salaries offered, without bothering to ask why any recognised company would make such an offer without knowing the background of the candidates or mentioning the nature of the job for which it wants to recruit people.


According to people familiar with the recruitment process in such large companies, nobody selects candidates by simply looking at e-mail Ids. There is a process that includes a written test, an interview, and only then are appropriate candidates selected. Unfortunately, most people ignore the procedure, while not wanting to miss a lucrative opportunity.


How to identify a fake job offer


1. First, there are bound to be spelling and grammatical mistakes. For example, in the fake Siemens job offer, the name of Mumbai was written as Mumbia.


2. Always check the e-mail ID from where the mail was sent. It is always different from the name of the company. Again, the Siemens job offer message was sent from [email protected], which has no connection with the company. The reply address in this case was [email protected] This should ring an alarm bell, as to why a company based in India would have an email address in the UK, that too from something labelled 'live', which is actually a free e-mail service provider.


3. Do check the signature at the end of the e-mail. It usually has words like Mr XYZ, or Ms, or Mrs XYZ. The XYZ could be any name. In the Siemens job offer e-mail, the scamsters used the name of 'Peter Loscher' and the designation was mentioned as executive-HRD. This should have been even more alarming, as Mr Loscher is in fact president and chief executive officer of Siemens AG (the parent company of Siemens India). A simple check on the web would show you his credentials. Also note that no professional or educated person signs with a Mr, or Ms, or Mrs in an e-mail.


4. If you still have doubts about the e-mail, visit the company's website. Contact and check with them if any such recruitment is going on or not. Better, forward the e-mail to the company's HRD or corporate communications department, informing that you want to know if they have sent any such e-mails.


5. Finally, do not pay any heed to such messages; simply mark them as "spam" and click delete.

Also read:
Pssst! Wanna Share $14 Million?

Fraudulent emails peddling HCL jobs resurface

Fraudsters want your card number, PIN and CVN to grant your I-T refund


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