Post-Fed rally. pic.twitter.com/Tm3HjUKKbC
— Pedro da Costa (@pdacosta) December 17, 2015
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Linkfest: December 18, 2015
Some stuff I am reading today morning:
The monk who wants a Billion $ company (BL)
Visa fees could now cost Indian IT 400 Million $ (ET)
Dangers of ‘cheap’ stocks (Mint)
Reliance Industries:Is the tide turning? (BS)
Alkem Labs,Dr Lal to make stock debut on Dec 23 (BS)
Choosing the worst day for SIP (Muthu)
Commodities bust?Love it (Bloomberg)
The 3 Biggest Myths of the Fed rate hike (DR)
Martin Shkreli arrested for Securities Fraud (RJ)
Remember when? (Common Sense)
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.
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7 out of 11
Today the IPO offer for Narayana Hrudayalaya opens.
The merchant bankers to the offer are Axis Capital,IDFC Securities and Jefferies.
I found this risk to investors mentioned in the offer document as hilarious:
“The 3 Merchant Bankers associated with the Offer have handled 11 public issues in the past three years,out of which 7 issues closed below the issue price on listing date.”
How comforting.
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Linkfest:December 17,2015
Some stuff I am reading today morning:
FED hikes interest rate by 0.25% (Mint)
Narayana Hrudalaya IPO opens today (FE)
Dilip Sanghvi makes open offer for Suzlon stake (MoneyControl)
Charging up the power sector (VRO)
Religare Research:Heritage Foods (RJ)
Best tax saving instruments under Section 80C (ApnaPlan)
The real blow-ups happen later (TRB)
David Merkel’s seven thoughts on the markets (Aleph)
Unchartered territory in the FED Funds rate cycle (Common Sense)
A startup called Koko (A VC)