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4402 ArticlesDeepak Shenoy

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NSEL Gets Just 8 Cr., FMC Toughens SGF Norms, Jignesh Proposes Haircut, FT Directors Quit

While NSEL paid out Just Rs. 92 cr. out of the Rs. 174 it was supposed to this Tuesday, it is going to be even worse next Tuesday. NSEL defaulters were ...

Tech Trades: Airtel Follows Through, BHEL Sets Up

I asked on August 6 if Airtel was setting up for a technical sell, on a Bollinger band miss and a MACD crossover. Here’s how that worked out: The stock is ...

FIIs Sell In August As Well, now -7,700 cr.

FIIs continue to be sellers in August, though in smaller quantities (till now). A quick chart: (Source: SEBI) This is data till Wednesday. Thursday data will ...

Brokers Were Definitely Guilty in NSEL Fiasco Also: Reader

An alert reader of Capital Mind has called me out on my post that brokers could have been innocent. No chance, he says, and he explains: I was reading your ...

And The Dollar Hits 65 Rupees.

It sliced through 65 like a hot knife through butter. The last data point is intraday, the earlier are RBI reference rates. While this looks like an extreme ...

MSF Rises to 55,000 cr., a New Record

Borrowing under the Marginal Standing Facility (MSF) is going up, as I’ve predicted. Now at more than 55,000 cr. (550 billion) we are in danger of not having ...

NSEL Told To Auction Stocks, Take Punitive Action.

The Forward Markets Commission has rapped NSEL hard once again, in a scathing letter to management. Why was only Rs. 92 cr. paid out? This is way lesser than ...

SEBI Asks for Consolidated Results, Cash Flow and Book Values Every 6 Months

SEBI has published draft changes to the way companies report financial results. The revisions are available for public comment till Sep 13, 2013. Companies ...

The Original Operation Twist and Why India’s Version Will Fail

In 1961, when Kennedy became President, the US was going through a recession. The answer was to lower interest rates, but since rates were higher in Europe ...

NSEL Couldn’t Even Make the First Payout, Management is Sacked

I’d noted yesterday that NSEL had received just Rs. 81 cr. of the 174 cr. it was supposed to pay out today. Turns out they didn’t get much more; they ended ...