The table below shows the size and length of the FED Tightening Cycle
Source: Samir Arora
In recent memory,the FED started tightening on 30 June 2004,hiked rates 17 times till the rate was 5.25% and the cycle lasted 25 months i.e. till July end 2006
How did the Indian markets fare in this period?
The Nifty went from 1505.6 on 30 June 2004 to 3143.2 on 31 July 2006 i.e. it doubled.
Delighted that one of my unlisted babies is listing !
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Coffee Day Enterprises Limited (parent company of Cafe Coffee Day) is coming out with its IPO next week with the price band in the range of Rs.316-Rs.328
Six months back,on March 02,2015, the Company had placed shares with India’s most prominent investors at Rs.362.5 per share (Adjusting for bonus)
The list of investors with the amounts invested is shown below:
||# of Shares (Pre-Bonus)
||Amount Invested (In Crores)
|Rare Enterprises (Rakesh Jhunjhunwala)
|Derive Investments (Radhakishan Damani)
Saurabh Mukerjea,Head of Institutional Research,Ambit:
“We are looking at the propsect of Sensex reaching 22,000 by year end”
Andrew Holland,CEO,Ambit Investment Advisors:
“I expect the Nifty to trade close to 10,000 by year end”
Yesterday was a day of carnage in the markets.Interesting to see these entities pick up shares in bulk .
||Buy / Sell
||Trade Price /
||Value (In Crores)
||Escorts India Ltd.
||GREATER INDIA PORTFOLIO
||OCEAN DIAL GATEWAY TO INDIA MAURITIURS LTD
||Ind Terrain Fashions Ltd
||MALABAR INDIA FUND LIMITED
||Jubilant Industries Ltd
||EQUITY INTELLIGENCE INDIA PRIVATE LIMITED [P M S]