HATHAWAY MAKES RECORD PROFIT

Berkshire Hathaway, the investments firm of Warren Buffett has reported a record profit for 2013.

It made a profit of $19.5bn in 2013, up from $14.8bn in 2012. In rupee terms the profit comes to Rs 1,20,900 crore.

DIIs NET SELL RS 898CR ON 05-07-11.

In the last 3 trading sessions DIIs have  net sold to the extent of Rs 1722cr. As against this, net buying by FIIs are to the extent of Rs 2555cr.

S&P500, DOW JONES FUTURES FROM NSE, GETS REGULATORY APPROVAL

• Lagarde is IMF chief.
• India can achieve 9% growth, says Montek.
• Cairn-Vedanta deal is on today's CCEA agenda.
• Readymade Steel IPO closes today.Avoid subscription.
• PM to meet editors of top news papers and TV channel heads, today.
• Gold above $1500/oz.
• Global cues, market to open in the positive.

DELIVERY BASED BUYING SEEN IN RIL, ONGC AND HINDALCO

LUKEWARM RESPONSE TO READYMADE STEEL IPO

The IPO received subscription to the extent of 38% on day 2. The issue closes tomorrow.

The issue is irrationally priced.  Avoid subscription.

FIIs NET BUY RS 819CR ON 28-06-11.

SIMPLE TRUTH IN INVESTING IN STOCKS

                       

1.      Not all can make money in stock market. Some will make, most will lose.

2.      Stock market requires continuous supply of naive investors, otherwise it will collapse.

3.      Share prices of most companies, in one way or the other, are manipulated.

4.      In most cases, value is created only for Promoters and their group and not for minority investors.

5.      It’s always the retail investors who are hard hit since neither they have staying power nor privy to any privileged information. By the time they buy the ticket, the train would have already left the station.

6.      Rating warnings are provided, in most cases, after the disaster has taken place, leaving no opportunity for investors to safe guard their investments. 

7.      Stock brokers are always bullish on market, for obvious reasons.

8.      Stock recommendations, research reports some time are given with malafide intentions.

9.      GREED is THE underlying factor for irrational IPO pricing. Still most brokers recommend all IPOs for investment.

10.  Whether the investors make money or not, the promoters and all market intermediaries make money. That includes Stock Exchanges, Brokers community, Registrars, Custodians, Rating agencies, Regulators and the Media – both print and electronic.