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Links

Linkfest:Sept 05,2013

Some stuff I am reading today morning:

Vinod Khosla:India is the best destination for investors (ET)

Statement by Raghram Rajan on taking office (RBI)

The message Raghuram Rajan delivered (Mint)

Rajan brings global stature to RBI (Bloomberg)

This is not your father’s emerging market crisis (Financialist)

Emerging Asia rout start of a multi year bear market? (MoneyControl)

The limits of fundamental analysis (CrossingWallStreet)

The goodfellas of Wall Street (DailyReckoning)

The overhyped rise of stay-at-home dads (Atlantic)

The Tech trade of the decade (DailyReckoning)

Common Sense Investment Management Founder busted (Dealbreaker)

 

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Image

India’s welcome to new RBI Governor

Hat Tip Harsha Prakash

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RBI WordCloud

Word Cloud:Raghuram Rajan’s first speech as RBI Governor



Word cloud made with WordItOut

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Banks

Private Banks got hammered in yesterday’s crash

Yesterday, the Nifty collapsed by around 4%.

The sector which was hit the hardest were private banks as can be seen from the table below:

Symbol Close on 2 Sept,2013 Close on 3 Sept,2013 Loss
YESBANK 252.95 229.1 -9.43%
AXISBANK 864.3 782.85 -9.42%
INDUSINDBK 381.05 348.4 -8.57%
FEDERALBNK 248.05 230.1 -7.24%
ICICIBANK 826.6 783.55 -5.21%
HDFCBANK 589.5 562.55 -4.57%
INGVYSYABK 429.35 410.25 -4.45%
KOTAKBANK 627 600.65 -4.20%
KARURVYSYA 310.45 300.45 -3.22%
DCB 42.2 41 -2.84%
KTKBANK 78.9 77.05 -2.34%
J&KBANK 1080.5 1055.25 -2.34%
SOUTHBANK 19.75 19.3 -2.28%
CUB 39.85 39 -2.13%
LAKSHVILAS 61.55 60.95 -0.97%
DHANBANK 30.15 30 -0.50%
Categories
Chart

Chart:US Expenses rising faster than income

Am sure it’s true in India too.

Source:Blackrock