India is a perfect example of fully efficient market via insider trading. MNC companies (Good corp governance?? ) stocks kept going up before announcement (merger with private companies) and after the announcement it’s down. Unbelievable. This takes insider to another level.
— Viraj Mehta (@virajmehta16) August 2, 2018
Some stuff I am reading today morning:
Apple hits $1 Trillion in market cap (Mint)
Patience pays off for Apple shareholders (Reuters)
Once in a lifetime, if you’re lucky (TRB)
Govt ‘s badly conceived e-Commerce plan (FE)
Ajay Shah and the algo scam (BL)
Interview with Sanjeev Sanyal (BQ)
The legacy of Arvind Subramaniam (Rediff)
Company Profile: India Nippon Electricals (OB)
If you take risk, get compensated for it (Validea)
Appealing Fictions (Morgan Housel)
In India, you don't need to know anything about Businesses, balance sheet etc, to make money in market. Just get advance info on stocks entering/exiting ASM List, and you have a guaranteed 10-20%. Witness movement of past 5 days in ASM exit list announced today evening. Amazing!
— Shankar Sharma (@1shankarsharma) August 1, 2018
Another example of a Company filing critical and mandatory information with one Stock Exchange but not another.
Infibeam’s shareholding patterns with NSE are up to date as can be seen below:
But the shareholding patterns are not up to date in BSE !!
Some stuff I am reading today morning:
RBI increases repo rate by 25 bps (BS)
OFS for L&T Tech opens today (BL)
Fresh bids for Bhushan Power & Steel (MC)
Jet Airways asks employees for a 25% pay cut (ET)
The Reliance Jio juggernaut (Mint)
India’s hostility to business (Jerry Rao)
Payment Banks trip on e-KYC rules (BQ)
My presentation on the Alpha Ideas 20-20 Meet (Dhruvesh Sanghvi)
The spectrum of financial independence (Morgan Housel)
Inside Masayoshi Son’s $100 Billion Vision Fund (CNBC)