Weekly Round Up 7th September 2013

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7th September 2013

Weekly Round Up Week Ended 7th September 2013   Hi Promofree Weekly Round Up gives you all the analysis and reports published by us during the week. Friday Podcast  6th September 2013  Rajan has the makings of a Lucky governor for India? Markets seem to have welcomed the new RBI governor, Dr. Raghuram Rajan with open arms. Sensex and Nifty are up by over 2%, Indian Rupee (INR) is up by over 1% against the USD and ten year benchmark bond yield is down by 10bps on the back of a few promising announcements by Rajan. click here to listen to the podcast Currency Article General How will the swap window help in increasing FCNR (B) deposits The new RBI governor Dr. Raghuram Rajan announced a swap window to attract FCNR (B) funds that will help stabilize the INR, that is trending at close to record lows against the USD. RBI’s move is expected to bring in around USD 10 billion to USD 15 billion through FCNR (B) deposits from NRI (Non Resident Indians). click here to read full analysis Selecting Stocks for the Future Nineteen Stock Portfolio Changes We first put out the 19 stock portfolio in May 2013. Since then, there have been changes in weights of stocks from our original recommended weights. We are recommending changes in two stocks in the portfolio due to valuations as well as management issues. The character and the number of stocks in the portfolio does not change. click here to read full analysis Fixed Income Article General Is there value in IIB at Rs 83 for Rs 100 face value bond? The Government of India issued 1.44% 2023 IIB (Inflation Indexed Bonds) maturing 5th June 2023 at a face value of Rs 100 on the 4th of June 2023. The IIB issue for Rs 1000 crores was the first of a program of IIB issuances amounting to Rs 12,000 crores for fiscal 2013-14. click here to read full analysis Survey Market Sentiment Survey We are constantly looking to gauge the market sentiment of our followers and subscribers. This helps us  tailor our content for your benefit. Please take the Market Sentiment Survey to help us give you the analysis that you require. click here to take survey Fixed Income Investing Series 29  REC Tax Free Bonds – Invest now and sell after one year REC is 100% central government owned PSU and is strategically important to the government in its power policy. REC has been consistently rated AAA and credit risk is low for the issuer.  However, the tax free status of the bond makes the pricing of the bond skewed, as it is has a coupon rate lower than that of the government bond that is risk free.  click here to read full analysis Weekly Fixed Income Market Analysis  No Respite for Bonds Despite Weak GDP Growth Bond market will not be too enthusiastic on taking down bond yields despite GDP growth for the first quarter of fiscal 2013-14 coming in at levels of 4.4%, well below official forecast growth levels of 5.5% for the full year. click here to read full analysis Weekly Equity Market Analysis  Markets Recover as INR Recovers from Record Lows The Sensex and the Nifty remained flat on a week on week basis with a marginal gain of 0.55% and a marginal decline of 0.02% respectively on account of a slowdown in the GDP growth rate, the INR depreciating to record lows of Rs.68.83 to the USD and the rise in crude oil prices last week. click here to read full analysis Arjun Parthasarathy www.investorsareidiots.com arjun@investorsareidiots.com Information herein is believed to be reliable but the editor of Investors are Idiots.com Arjun Parthasarathy does not warrant its completeness or accuracy. Opinions and estimates are subject to change without notice. This information is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The financial markets are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved. Unauthorized copying, distribution or sale of this publication is strictly prohibited. The author of the articles may have investments in instruments that are the subject of the articles. © InvestorsAreIdiots.com. All rights reserved. Not interested in receiving emails from us? Click to unsubscribe.