And that would be less than 50 points on the nifty – 20 percent 50 points, 1 percent 100 points – as vix moves from 30 overnight to 45 levels within a week. Most of the correction would resize and realign the banknifty composition again at 12850 overnight.
The rally in Tata Motors has been on and yes we would still be advocating fresh shorts on the stock. A bonanza in Tata Motors on JLR gaining strength remains the story of the day, with no news on bank licenses. Anand Sinha apparently is staying on till April just to ensure things are not done in a tearing hurry and news from yesterday’s session is awaited.
JP Associates apparently been in a two stock portfolio with Tata Motors, dropping precipitously even as Bank Nifty starts the day at 10250. Results from Dhanlakshmi Bank were not good. ENIL(Radio Mirchi) encouraging and TV18/Raghav Bahl also encouraging
JP Associates apparently could not manage earnings expectations well, leaving doubts if there is more to come inn pressure on the bottomline
Bajaj Auto is up and PNB is holding 550. Crude prices seem to have been exceptionally buoyant on the sly and a good bit of short is coming in Oil futures. The markets are still headed north as broader Bear strategies continue to create space for buying in the selected folios. Sun Pharma seems to be good for being on the buy list even at 624 levels. MCX and CFTC in the meantime cannot do enough to bring confidence back in the largest asset trades
IDFC and YES are as good as Cipla, Lupin with Glenmark and Cadila making a complete portfolio. Longs in SBI need to continue to be careful. Shorts in Kotak remain exclusive in the banking sector holes. Jyothy’s EXO round seems to be on a dho daala spree.
NMDC raised sales (37%) and profits, 20% on iron ore comeback
Sells on Bharti Airtel are going to be sad fails at 303 levels with the stock likely making new support at the worst at 295-98 levels Buys on IGL are not exuberance based alone and shorts are ill advised
ET Now’s suspect list for the Daily show remains ‘Pakau’ and uninspiring relying on Mitesh and Ashwini ( Bear Mama?) . CNBC 18’s Top 10 feature at 8 am is a great show.
HDFC Bank is in the middle of its 600-680 range and ICICI Bank well priced around 970 levels before index action takes up one or both the stocks. Pfaff on the winner’s curse is not going to make the real price degradation in the retail Telecom market go away. Telecom and Aviation have historically proved unprofitable with volume players shutting out sustainable pricing windows and Reliance JIO is again going to score the walls with ugly graffiti for the search for BOP without profits
But I’d say keep accumulating as the indices break through a critical 6000 mark. Many blue chips, like in global markets offer extreme value in buys even as the speculative trade fails to take off on a delayed recovery. Gujarat’s downfall over the small matter of a receding poverty line not helping the cause of the markets rich BJP is a puerile coincidence for the markets, but correspondingly there is no Congress faction left in the markets to buno the tanabana, Markets selling the stable BJP proposition backing out for an increased negative momentum(undesirably sharp) on the downward side
The IT trade coming into profit taking for the almost first time except for a pre results redenomination, there ae buyers out there who are ok with the premium on Infy to a low 3475 market price and HCL Tech is good for a move of Rs 100 or more. Thus if all sectors move together like the Tuesday open, markets could see almost unheard of hlevels receding to 2012 levels no longer required by the New Dolla r prices. That also means these exits will cascade the Rupee even as it holds at 62.50 to 63 levels , that being a new fresh level for the currency. However it is still possible that with DIIs coming back as markets sell off that the gradual sell off can indeed turnaround and complete the prophesied ( by certan others , also old hands) pre election rally in India. The sell trade on ITC will likely never exit 290 levels an such picks abound with limited downside even in the correction which will confuse buyers into making losing commitments so a wait and watch is necessary. F&O markets return back to index only specials and i the downmove is to be arrested by Vols at 14 this will be a small enough move, but that is unlikely leaving vols (India Vix) ranging between 14 and 16 till the first buyers return whence new VIX levels would only see increasing volatility
However as we were stock specific going up and DIIs look for bargains to pick up pieces, there are gaps in how the markets will rebuild momentum most buyers holding on to prior 2013 selections including the new Aurobindo and Sun Pharma trades( a great defensive for mopping up your prop liquidity) in IDFC at 90, ICICI Bank almost ready at 930 levels ( the next levels are around 871), Yes Bank ( bottom at 267 will likely not reach the same so accumulating should be ready – like a dark pool premium), Bajaj Auto, ITC, Bharti and no – not ttk and titan currently as there is much more going down in that specific market despite the penchant of the self funded margin traders in our domestic brokerages like Angel, SMC and Centrum including the overlap with commodities wealth accounts. There will be no dlf trade north, none in Jubilant foods, titan or ttk and none in HDIL or unitech much later. Axis Bank’s orphaned again being misused in the prior rallies, leaving nay of the F&O speculators heading there at great risk from those targeting their brand of stupidity after getting on the right investments. Trading as a game may try not to suffer though sharp bear phases and quick bull recoveries are not ruled out with brokers and traders living the cricket dictum of well left alone even for great value picks in Midcaps The trades are mostly in Spreads, Bear spreads in your choice made by buying Puts at the just OTM (ATM-OTM>= 0) and selling a lower put to part fund the trade. Bull spreads, which wold be due n a couple of weeks, go bought Call just OTM (ITM-OTM>=0) which reflects better liquidity as well and thus better premiums, and partly funded by distant OTM Calls ( nly one or two will have tested and liquid quotes where you do not pay excess liquidity spreads)
An unheard limerick, coined by yours truly, till some claim is authenticated on the same, roposes the current scenario and the base reasons for the same vacillating non volatility trade winning 6200 mark again. We had planned a kudos for the F&O analyst for proposing the 6100-6300 straddle ( Sold put – sold call) after Vol (India Vix) reported a low 15-17 score befor the weekend and 17 on Thursday. Though the Economic data is baked in however, the index challenged by us to stay the course around 6200, is finally hanging on to its gains after some again ventured freely on the shorts ( even the short straddle is a double short but bets the markets are ranged in 6100-6300. If the markets indeed die at 6200 the strategy would be a magic marker for the India F&O market that will be a good point of reference to repeat in any new intermediate cycle or waiting time as the case may be. However as of now, the strategy is a little stuck in the mud. Also when switching this strategy in a bull market currently, one can even sell twice the 6200 puts as the never yet suggested bull exit indeed comes to fruition
Long Straddles won the day marginally(Long 6100 call, Long 6300 Put) and Sold 6200 calls are also in the money over the weekend( Open-Open comparisons) The 6300 Call has come down from 270 to 30 from last Monday (Open – Open) though OI has decreased in the market after a hopeful Friday Ramp by a 3/13 ratio and sold calls would have generated
” ⇑ ”
” GAIN ”
INR 24,000 per 2 lots (100 Nifty underlying) as vol has disappeared from intra trend highs and turnover is steady though considerably lower than the bunched OI at 6200. A 6100-6300 short straddle would have gained 1300/- from Friday Open to Monday Open with the 6100 Put losing 700/- [All calculations made at the same 2 lots = 100 Nifty underlying each leg of the straddle]. A long 6100CE/6300PE straddle would bother an INR 26.1K investment and would have been worth INR 23.4 K on Monday morning.
Good volumes have been traded in Havell ( as the Morning report comes to you late today for unspecified reasons) as the scrip gets select attention. Similarly NB, PFC and other select universe scrips have seen important moves from Friday levels upwards even as Nifty Calls seem to specify maturity of the short Calls especially at 6100 (still at a premium above 100)
The Rupee closed at 61.75 on Friday and is a t similar levels in Monday afternoon trades and both banks and infracos have seen significant moves after a 25bp rate hike has been priced in by the markets at 8.9% yields as the Bond Index entry for India issues is also under review
The Tech M sale announced last week as Executive (insider sales) Vineet Nayyar, exited half his shares ( Sale of 500,000 shares) timed perfectly with the peak price for the stock and as we expect bigger shorts in the scrip , one should expect the longs on IT to continue iling into the doddering scrip nevertheless.
The Title reference, to dig into the simile, shows up the underlying insane spells in the India markets, showing u more in skeletal volumes and defining why retail and even Domestic institutions have been priced out of this market..I am still to design any research around such a proposition, but it is likely not difficult. Let me know if any of you try.
Tomorrow might be much the same after a second day that the Market opened near 6200 and returned to 6150 before closing trades were executed. HDFC Bank has hit a 49% foreign investor ceiling nd is losing purely for lack o f allowed buyers today. PSU Bank investors will not be returning for a significant part of 2014.
- India Morning Report: Nifty switches up range to 6100-6300, Is 6200 on the horizon (awardz.wordpress.com)
- Daily Stock Derivative Report 13 December (marketresearchtips4u.wordpress.com)
- India Morning Report: I wonder if this freewheeling, Really is an enlightening thing (Dubious , Vikram Seth, NDTV 2013-12-14) (awardz.wordpress.com)
- India Morning Report: Nifty treads lightly as shorts disappear (Priced to 6300+ levels ) (awardz.wordpress.com)
- India Morning Report: Another US FDA bird hit, US GDP caught with high inventories, Markets broadening base (awardz.wordpress.com)
- India Morning Report: Don’t fall for that downtick again – Nifty keeping gains (awardz.wordpress.com)
Homage to Sec 377 controversies apart, it also expresses the universal angst and one shot propositions(Sec 377) that refuse to delineate the difference between the Buys and the Sells and the Holds and the currency and the coin) SELL THAT MIDCAP now (and come back another day)
The markets tried again in the Pre Open today and will sooner than later again snare buyers on a higher price near 6200 but till that happens, Bulls having just defended 6000 levels in the Option premium market, not underwriting 6100 or even 6200 that they had started last Monday on, it leaves an uncertain gap in between.
Market buying will of course definitely ride a 6.5% WPI data in November riding the gain from Core industries lasting around 2% for almost the entire year now, and Primary Articles skewing the deal with a 15% tick, also underwriting that retail inflation is not wont to come down at all in the coming two years of a changed fiscal and political regime either. In India, we follow the natural order of things, yes and in the long run we are all dead , definitely, but increasing rates because Onions can finally be sold for a better price, it is more autistic than you think and once we are part of a Global Bond index, such follies will get a force multiplier we do not worry about / or disavow when we make that policy.
GSK deal again caught buyers on both sides even as a 30% arbitrage was available on the GSK Pharma stock which closed on Friday at 2400 levels as GSK Consumer tumbles from speculators exiting at 4500 levels. Both scrips are closer to the offer at 2950 and 3500 respectively in the pre 9.30 trades on Monday. Any open offer in GSK Consumer will unlikely exceed 3400 and may even be lesser after the INR 64 Bln is spent on GSK Pharma. Apparently the Midcap deal buying Elder off Torrent leaves Elder with the low margin API business and Torrent stock is unhappy about the value bought over while Elder stock is not so happy about he cash coming in/debt closing out.
Anyway, before we proceed, the other starting up sub text today was Sell the Midcap. A sure fire winner of a strategy given the markets vacillation, as those who are Hungry are bound to die till they are served with Capital inputs and Market responses that allow a rally
Wednesday’s rate hike will probably peak out the ill advised strategy ad retail inflation will continue to iron out the poor gap even if the government can’t spend and hopefully no party feels like lifting the Gold curbs too soon. Europe’s death spiral should wean out some hot money before he Euro peak s out but the Dollar will continue south and thus the taper threat will pass off unnoticed by the non market watchers in the middle of the week. Did you notice the flurry of big bank settlements that have passed us by in November?
India will act decisively to set the global context in 2014 reflecting the markets outperforming in 2014 while US markets follow tamely yet maintain last year highs. The Europe sell off about to begin soon, will leave us unaffected giving the world another chance to dig theimselves in, but ignored india will manage with another $20 Bln – $40 Bln in portfolio adds in 2014 as US Bond yields rise to meet the challenges of a real world.
Also Ashwini is a the cusp of a rash with all his misplaced bear picks again, and you should buy into the banks now. I go with SS(CNBC18) decision on the trading rink, markets waiting at 6175 at 9:35 for the confirmation that 6150 bottom holds and markets will move up thence. All that shucking, it is finally closed so the good guys we all noticed are set to move up ( and no IT moves are expected from here),. ALso, th last headline PSU Bank investors are not coming back, holds.
HDFC Bank ticked in the early bull report on Advance Tx, but then HDFC Bank was always expected to headline bigger growth numbers than the rest and it may well be the contraindication leading India Inc to slower revenues for the third running quarter
Any others eager to read the Drama Queen by Suchitra Krishnamoorthi, it’s a good idea this broadbasing of Indians’ views on their own history
Achha, what’s the deal – Jaspal Bindra wants clarifications on Subsidiarisation? HSBC, StanC < Citi and that other, will they ever come back in India and China retail or is it just Transaction Banking now
- Author Vikram Seth slams BJP for its “deafening silence” on gay sex verdict – NDTV (ndtv.com)
- You can’t plan a better farewell script, Sachin Tendulkar tells NDTV: full transcript (sports.ndtv.com)
- Indian stock market overly dependent on foreign investors: Assocham – NDTV – #Business (execdaily.wordpress.com)
- GSK Pharma to invest Rs 864 crore for new manufacturing plant (indianmarketanalyst.wordpress.com)
- Language and Identity: The Case of Punjabi (samirchopra.com)
- ‘Progressive Punjab’ investment meet ends with Rs.65,000 crore promised (vancouverdesi.com)
- Manmohan accepts invitation to visit Pakistan (sananews.net)
- India Morning Report: Will India follow the midweek ‘Global Gotchas’ now? (awardz.wordpress.com)
- Why India-ness doesn’t define these artists (ndtv.com)
The Rupee reaction petered the rally at its 6200 floor well before the November series was out and so things do not look well for the downward pressure building in, on the news of the “cosmetic taper”(Marc Faber) deciding to take the markets for a ride across Asia. It is mostly as ET reported, because of the perceived lack of quality stocks and globally because Dollar bond yields need to rise regardless.
Yields at 9.12% do not really threaten the India story but signify a sell down which given India’s small base in FX, Currency and even commodity markets where a single import continues to equate the Indian equation to the underdeveloped Economies of Sub Saharan Africa if only in market perceptions. Moody’s and S&P mandate for India apart, this as we mentioned last week is just one or two players and hot money choosing a quicksilver trade and the Rupee as a target for such trade does not necessarily mean another big cut in India markets. Trade should pick up around 6100 levels only and the Rupee should not move to any risky levels above 64.
Gold investors will remain in surfeit in this stage in the Global markets and that need not be correlated as strongly with Growth as other crises jumps in buying. Lack of Indian Investment demand for commodities an lack of demand at the pump in Oil in the US has still meant good overseas investment demand for Oil and Gold given the new lows
October data for Imports in this Fiscal at $280 Bln is down 4% and Trade deficit is still high at $90 Bln. The NRO/NRE Deposit swaps have apparently collected enough for a number around $20 Bln to balance this trade deficit as estimates for the CAD have been already brought down to $60 Bln. The October deficit is however just $8.8 Bln and Exports a healthy $27.7 Bln, the MOM increase in deficit probably immaterial.
The Sensex started the day 135 points down at open and is currently trading nearly flat from Friday’s big cut on Nifty and Sensex. Also, the Tata Motors trade on the positive, post results trned out to be a dud bag as we said . Shorts on the market can however pitch in, shorting the Index though IDFC, YES and ICICI Bank are quite done in independent scrips and Pharma being defensives are also on the secular buying list apart from being good India portfolio picks. IT sells will roll back in this leg as they benefit from the “India, Sell” tags
However, one still feels the /Indian yield curve and growth story were back without threat of inflation and the rate hike affected in October and to be repeated now in December to 8% on the Repo rate is the mindless exercise which is triggering this spiraling of yields and only strengthen the rating agency view keeping India stable near junk than giving its due and correcting the rating’ own regional imbalances and prejudicial biases, still favoring an untenable proposition like Brazil or Russia and a market failure like Turkey over a stable story like India.
Is India really fairly marked for a NBFC only kind of play with the coming high interest rate scenario?
- India Morning Report: Infosys still chooses to report into the weekend (awardz.wordpress.com)
- India Morning Report: Pass around the peanuts :: Losing 6200 now(not really), I am sinking, No EMs aren’t a great buy or great “SELL” either (awardz.wordpress.com)
- WhatsApp continues Indian invasion as it breaks the 25 million active user mark (techinasia.com)
- Marc Faber Prefers Buying Physical Gold (silveristhenew.com)
- The FDI tiff: No love lost between India and Walmart? (rediff.com)
- India Morning Report: Market inches to extend range up (awardz.wordpress.com)
- India Morning Report: HUL divines the uptrend, shift in stock weights (awardz.wordpress.com)
- India trade deficit reported incorrectly (goldsilvereconomy3.wordpress.com)
- India Morning Report: A sudden change of heart(afternoon) as Banknifty breach closes up (awardz.wordpress.com)
- Sensex struggles for fifth day as rupee slides past 63 levels (profit.ndtv.com)
Probably the consolidation is good for a big move, probablyit is not. However this would definitely mean the PCR increasing again with the right Put strategy ( sell Puts and hedge with a 6500+ OTM Call/ 5500 PUT). Hero Honda seems to be getting some sympathetic gain too in the move with Infy as Infy likely crosses 3500 also in early trades on Monday. EBITs have crashed from Product Solutions drop in sales order books, but any defence of that is unlikely to impact a new guidance push up for the industry that foretells IT will support the Economy’s return to life
Bajaj Auto and ITC will kick in , in the later sub rallies hopefully from higher levels as the good moxie uncoils into the market capacity. If there’s a reason any NBFC sector including Realty or Telecom Demand has bad news to offer , then that should be an important worry in the run. LIC Housing and Bajaj therefore will continue to pack in volatile buzz before and after the move while KPIT and MindTree scotch up even to the point of making margin security this month. Statistically data is unavailable of these security positions ( in the open)
Rupee will definitely move back to 60 as the Rupee trade is picking up and Stanchart (listed here) and HSBC will likely be key movers. Pharma unwinding is just a funding move and Glenmark remains positive. The markets are definitely making a run t o break the 6100 cap but as of now Friday closing being positive is about the only fact out there.
The USD Index hovering above 80 means a small move further weakening to 78-79 is improbable but Dollar s weak and Crude has never broken 108 lvels in Brent in the Post “No Taper” announcement.
- India Morning Report: Infosys still chooses to report into the weekend (awardz.wordpress.com)
- India Morning Report: Here comes 6000? and what the banks will do in 8.6% yield scenarios (awardz.wordpress.com)
- Infosys Profit Lags Estimates as Clients Curb Software Spending – Bloomberg (bloomberg.com)
- India Morning Report: No Taper and Nifty on to 6100 levels (awardz.wordpress.com)
- Infosys strangle/straddle – Q2 FY14 (writingoptions.wordpress.com)
If its the currency dragging equity confidence down despite the healthy capacity in the market, wel land good. If the hit is however on the asset quality situation of the banks, it would be a quicker reversal tomorrow as ICICI Bank publicises its bigger Power plant accounts (Dabhol-II) Walmart leaving India, is probably most of the impact.
IDFC already is, one of the most far reaching shadow banking institutions especially since it caught one of those fund houses in 2005 and has been actively floating new funds and operating advances thru its infra NBFC as well as PE funds and others.
However, the treatment of NOFHC can be proprietary and thus the only risk to their getting a Banking License as it gets into an endless loop of what can be done without the regulator cutting off the air supply. Their objectives and disparate infra rules have to be kept independent and if the company is looking for flexibility there or some sort of understanding instead as Indian houses tend to treat discussions with the regulator, it may not turn out rosy for their ambitions of a license. Its an independent NOFHC subsidiary of the other non financial services business and Financial services business has to be outside the purview of the NOFHC so it will probably be under the independent NOFHC in the most pliable case but the funding requirements at 51% f the NOFHC equity as it owns probably more than the INR 200 crores of the bank is the deciding parameter of the bank.Tthe NOFHC allows promoters with public holdings to create a tightly controlled subsidiary with RBI denominated investors including 51% from such promoters, but the independent banking compliant structure has far other important functions than just that and may not be dispensed with.
There is more than enough of that, with the Dept of Post also turning out to be almost operationally untenable to do the deed and get a banking license within the parameters.
IDFC however is one of the best candidates already operating independent projects without mixing up and unnecessarily skewing up exposures. I would proffer LIC Housing too, esp if we actually want enterprises that have the understanding to withstand and grow in the faster growing non metropolitan India. As Foreign Banks have shown earlier, regulatory standoffs are costly for the banking model, and the sooner we get off that hobby horse the better.
The index is faltering again and the reason is really not easy to understand esp as the Put Call Ratio is just over 1 as of Friday closing, and really not that weak that everything be unwound. Markets are anyway unlikely to go below 5800 levels for more than a nary second, and the Rupee being weaker is a pretty range bound move. The MCX saga at the commodity exchange with its e series has still to unfold perhaps
Infra projects being cleared faster, its still happening as we speak and is unlikely to create any CAD resecting Dollars till the May ’14 General Elections
- India Morning Report: The Rupee now counting 63..62..61 , the Nifty counting 5900..6000 ..then? (awardz.wordpress.com)
- India Morning Report: Dead cat bounce, Earnings rebound on the horizon, (awardz.wordpress.com)
- India Morning Report: Dead Cat Bounce, rebounding earnings on the horizon.. (awardz.wordpress.com)
- India Morning Report: Is 5600 the new 5000? Rupee is holding 65-66 (awardz.wordpress.com)
- India Morning Report: Banks earnings, GDP scares markets despite inflows (awardz.wordpress.com)
- India Morning Report: It’s Monday and all’s upsy daisy in waiting (awardz.wordpress.com)
- GMR sells 74% stake in highway project (news.in.msn.com)
- India Morning Report: Markets out of short opportunities at 5350, Rupee actively down to 68.63 at open (awardz.wordpress.com)
Line up the confetti balls and the piniatas as the fourth day of the Rajan Rally engenders new Slumdog Billionaire, Kaun Banega Crorepati and a successful Indian Badminton League probably mean the start of another even if the 2014 Airtel Grand Prix at the Noida Track is under threat and the IPL is sstill al knotted up from the Hawala Masala
Historic Valuations, Trends disregarded as flows rush in
Piggybacking the global weakness of the Dollar, investors not predicately assuming to undo damage to the Rupee, nevertheless brought the currency back into play for the 60 mark to the Dollar on Tuesday with a 64 open as flows returned to India debt and equities. With INR 1600 Crore returning in debt and 800 crore ( more than 25 bln ) in equal measure into the chosen investments in stocks, the IT and Pharma largesse from the Dollar was no longer the defining mantra of the market by Friday itself.
As the 260 points in the Nifty to 5850 on Tuesday at 11 am show, the market may well take the indices to 6000, bring India firmly to the centre of the 2013 and 2014 investment maps as was three months ago and thus probably caus ethe currency to further climb back to 60 levels again as there are absolutely no buyer or seller levels in the move from 55 to 69 in the last three months and 10 odd days.
And much like it was Matt Schaub and Andre Johnson for the Texans in a star filled roster or the veterans Dravid and Ganguly playing India in on one o the many English conquests last decade, it was veterans that stuck to the India script rushing the momentum early morning into India with ITC back to 330 levels and still worth a few moves and Bharti and the banks not far behind, moving secularly together as rates fell below the 8.25% mark on the 10 year paper and ECB short-term borrowings interest rose again from Rajan’s moves to allow FX swaps at 350 basis points (on deposits till November for now).
The 5750 mark was expected to hold in the morning, the 20,000 mark on th Sensex seems obvious now on the BSE Index and
thus 6000 is almost a certainty and as inflows measure interest and levels, there is no reason for indices to now fall or turn from these levels even if OMCs have not really gained till now on the Oil basket prices in India’s PPAs vis a vis the refining margin impacted by the appreciating Rupee or if no exporters seemed to have been selected for the overall CAD gains except for Bajaj Auto and It and Pharma are still available for substitution. Even if Infy has new target of 3500, a balanced indian market is unlikely to let it reach the same in any hurry with value available across sectors, including last months star sector in metals. Sesa Goa weightage s increasing in Nifty by under 2% and Tata Steel is still available under 300
Kaun Banega Crorepati 2013 started last week on Sony with another veteran Amitabh Bachchan returning as its iconic face in the Indian version of “Who wants to become a millionaire?” (kbc.sonyliv.com) One Taj Md. Rangrez has won the Jackpot in this edition in episodes shot till now
- India Morning Report: Rupee at 66, GDP Growth at 4% and Interest Rates at 9% (awardz.wordpress.com)
- India Morning Report: My right shift key doesn’t work. Will the right UBS please step up! (awardz.wordpress.com)
- Bitcoin in India: Drivers and Barriers to Adoption (thegenesisblock.com)
- India Morning Report: Markets staying the course as US responds to GDP (awardz.wordpress.com)
- India Morning Report: Markets swing to international sentiment on India (awardz.wordpress.com)
- India Morning Report: Is 5600 the new 5000? Rupee is holding 65-66 (awardz.wordpress.com)
- India Morning Report: Expiry becomes a battleground again over the next trend change (awardz.wordpress.com)
- India crisis deepens: Rupee down by 14% in August (emirates247.com)
- Caixin Online: Tale of two giants: China and India (marketwatch.com)
- Amitabh Bachchan unveils the Kaun Banega Crorepati ‘Hot Seat Aapke Shehar’ Van (teamatul.wordpress.com)