11 April 2012

A dummy's guide to set you FREE from DEBT: rediff

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Uttam Ghosh/Rediff.com
In spite of steady, regular income there are many individuals who live paycheque to paycheque, carry their credit card outstanding, and fail to save anything for retirement. If you belong to this tribe, now is the right time to take urgent action.
You can not only come out of debt but also stay out of it. It is not only possible, but also unbelievably achievable.
In case you need some inspiration before you embark on a plan that will set you free from debt look at the humble postage stamp.
Its usefulness consists in the ability to stick to one thing till it gets there. Similarly, you need to stick to your debt pay off plan till you get out of it.
Here are 11 tips to help you stay out of debt.

11/4/12 : Categories Turnover (BSE) (Rs. crore) Clients NRI Proprietary Trade Data

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Categories Turnover (BSE)

(Rs. crore)
ClientsNRIProprietary
Trade DateBuySalesNetBuySalesNetBuySalesNet
11/4/121,583.421,561.7421.680.790.510.28566.33560.136.20
10/4/121,483.801,428.1255.680.470.56-0.09579.51575.174.34
9/4/121,245.291,165.5379.760.270.30-0.02393.22448.93-55.71
Apr , 128,515.448,430.0985.3510.692.428.273,001.143,019.78-18.64
Since 1/1/12127,389.23129,156.25-1,767.0286.8084.582.2145,478.1044,259.281,218.82

  Disclaimer:
  • DII and FII turnover is consolidated information of BSE and NSE.
  • BSE data is compiled on the basis of marking of 'client type' while executing orders on BOLT-TWS in equity segment.
  • NSE Data has been compiled on the basis of trading codes entered by the trading members at the time of order entry and corresponding client category classification provided by the trading members as part of unique client code details upload.
  • NRI - Non Resident Indians
  • FII - Foreign Institutional Investors
  • DII -Domestic Institutional Investors (Includes Bank, DFIs, Insurance, New Pension Scheme and MF).

DII trading activity on BSE and NSE on Capital Market Segment.

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DII trading activity on BSE and NSE on Capital Market Segment.
DII trading activity on BSE and NSE on Capital Market Segment(In Rs.Crores)
CategoryDateBuy ValueSale ValueNet Value
DII11/4/12943.151,025.39-82.24


  • DII trading data across BSE and NSE collated on the basis of trades executed today by Banks, DFIs,Insurance and MFs on BSE and NSE.
  • This trade data is provisional and subject to change, inter-alia, on account of custodial confirmation process, modifications etc.

FII trading activity on BSE and NSE on Capital Market Segment

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FII trading activity on BSE and NSE on Capital Market Segment

FII trading activity on BSE and NSE in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSale ValueNet Value
FII11/4/121,890.352,336.12-445.77

  Disclaimer:
  • FII trading data across BSE and NSE collated on the basis of trades executed today by FIIs on BSE and NSE.
  • This trade data is provisional and subject to change, inter-alia, on account of custodial confirmation process, modifications etc.

BSE, Bulk deals -11/4/2012

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Deal DateScrip CodeCompanyClient NameDeal Type *QuantityPrice **
11/4/2012590006Amrutanjan Health-$CROSSEAS CAPITAL SERVICES PRIVATE LIMITEDB15663808.70
11/4/2012590006Amrutanjan Health-$CROSSEAS CAPITAL SERVICES PRIVATE LIMITEDS15663809.15
11/4/2012590122Ashika Credit CapSCOPE VYAPAR PRIVATE LIMITEDS7155856.00
11/4/2012531568Ashutosh PaperPANAFIC INDUSTRIALS LTDB11200022.25
11/4/2012531568Ashutosh PaperLAVITRA TECHNOLOGIES PRIVATE LIMITEDS9779922.25
11/4/2012514171Ceeta IndsRASHMI PROPERTIES AND INVESTMENTS LIMITEDB18000002.87

Cement Channel Check - Prices nearing the seasonal peak; monthly update :: Edelweiss PDF link

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Cement prices across regions have surged by ~INR 7 to 63 per bag post the rail freight and excise duty hike announced last month. Currently, however there is a sluggishness that has set in due to the year-end volume push in March and below expected demand so far in April. Companies have announced further price hikes this month, which we believe are unlikely to be absorbed and have been effected to preclude price correction. We believe prices are close to peak levels for this season as a few markets have exhibited demand resistance.

Derivatives Report -11.04.2012- Angel Broking - PDF link

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Technical Report -11.04.2012- Angel Broking - PDF link

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Market Outlook -11.04.2012- Angel Broking - PDF link

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Market Summary -11.04.2012- Angel Broking - PDF link

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FII DERIVATIVES STATISTICS FOR 11-Apr-2012

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FII DERIVATIVES STATISTICS FOR 11-Apr-2012 
 BUYSELLOPEN INTEREST AT THE END OF THE DAY 
 No. of contractsAmt in CroresNo. of contractsAmt in CroresNo. of contractsAmt in Crores 
INDEX FUTURES556111450.43682341761.533567169248.94-311.10
INDEX OPTIONS72284718837.0468618717932.11130521934108.94904.93
STOCK FUTURES500511423.81458431279.9480584922452.21143.87
STOCK OPTIONS24674699.0725099707.2731661848.57-8.19
      Total729.51

-- 

NSE, Bulk deals 11-Apr-2012

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DateSymbolSecurity NameClient NameBuy / SellQuantity TradedTrade Price /
Wght. Avg.
Price
Remarks
11-Apr-2012AMRUTANJANAmrutajan Health LtdCROSSEAS CAPITAL SERVICES PVT. LTD.BUY15,663808.73-
11-Apr-2012AMRUTANJANAmrutajan Health LtdCROSSEAS CAPITAL SERVICES PVT. LTD.SELL15,663809.22-
11-Apr-2012DCBDevelopment Credit Bank LPACE STOCK BROKING SERVICES PRIVATE LIMITEDBUY11,31,92748.14-
11-Apr-2012DCBDevelopment Credit Bank LPACE STOCK BROKING SERVICES PRIVATE LIMITEDSELL10,70,91948.18-
11-Apr-2012HARRMALAYAHarrisons Malayalam LtdCARNIWAL INVESTMENTS LIMITEDBUY2,00,00073.75-

Entertainment Network - Innovations to the fore; visit note; :: Edelweiss PDF link

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Entertainment Network (ENIL IN, INR 223, Not Rated)
We recently met Mr. Prashant Panday, CEO & ED, Entertainment Network India (ENIL). Radio Mirchi,ENIL’s flagship property, has ~33% market share in the private FM segment. Given the current ad slowdown, ENIL has been focussing on innovative strategies to improve ad yields. The impending Phase III auctions provide an immense opportunity to expand, but ENIL would like to focus on profitability although it has adequate funding in place. Currently, we do not cover this stock.

On Home Loans: Being a loan guarantor ::Business Line

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A childhood friend wants me to be a loan guarantor. I am not completely aware of his financial situation, however, as we have been out of touch for the past few years and have got in touch recently. I am confused. Please advise.
— Gautam
Becoming a loan guarantor for an individual needs to be a well-thought-out decision, and shouldn't be taken in haste. Though the person who is taking the loan is expected to repay the loan and not the loan guarantor, it still places a huge responsibility on the loan guarantor's part.
For instance, if your friend defaults on the loan, then the responsibility for repaying the loan will fall on your shoulders, and to add to your misery, it will adversely impact your credit score, as you will be held accountable if your friend fails to repay his loan.
Being a loan guarantor is a risky business, and is best avoided, unless and until you are completely confident of the credibility of the loan applicant and his ability to repay. Further, as a loan guarantor, you will be screened by the bank in terms of your credit score, and will need to meet their stringent criteria. This is done to make sure that in the event the borrower isn't able to repay he should have the means to repay the loan himself!
Hence, make your decision after evaluating your friend's repayment capability in a judicious manner.
(Adhil Shetty, CEO, BankBazaar.com, will respond to questions on home loans.

How to achieve financial freedom ::Business Line

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You can pursue your dreams if your passive income can sustain your lifestyle requirements- a situation where you are said to have achieved financial freedom.
Most of us work because we have to, not because we want to! I am aware of the statement “choose a job that you like and you do not have to work a day in your life.” But I am sure you will agree that not many of us can actually find such a job in today's economy! If you are one of those who work to earn money, it means you have not yet achieved financial freedom. In this article, we explain the meaning of financial freedom and how you can create a path to achieve it.
We start on the premise that you do not have inherited wealth. Your cash flow is, hence, based on your family income- yours, your spouse's and your children's, if applicable. We further assume that your family income is either derived from salary or from active participation in business. In either case, you derive income by actively committing time and effort. We call this active income.
You can, of course, derive cash flows through passive sources as well. Passive income refers to income you receive without actively working to earn it! Rental income earned on residential and commercial property is one such source.
Now, financial freedom is a situation where your passive income is greater than your active income. And importantly, such income is enough to sustain your lifestyle needs. This is the state when you can decide to pursue your passion, and not work because you have to! It is essentially the time when you choose to retire, if you want to. The question is: How can you create a path to achieving financial freedom?

PASSIVE SOURCES

You should create passive income from several sources during your working life. One such source is your systematic investment portfolio. Many do not consider portfolio income as passive income because it requires effort and time to create and manage an investment portfolio! That is why you should set up systematic investment and withdrawal plans. You should invest in stocks and bonds that generate significant income returns; it requires less time and effort to monitor such investments and also make you less susceptible to short-term price fluctuations.
You should also invest in real estate to generate passive income. By real estate, we mean commercial and residential property that can fetch rental income. Of course, managing the property could require some effort as will finding an appropriate tenant! One reason why you should consider rental income is that it hedges your inflation risk. That is, you can increase your rental income if general price level in the economy goes up. We will not go as far as to suggest that you can consider rental income as a primary substitute for your active income. Your rental income complements your systematic investment portfolio.
There are other sources of passive income such as royalty payments from writing books and income earned from online businesses.
Your retirement is essentially the period from which you can consistently sustain your lifestyle needs with your passive income. You can create the path to achieving financial freedom by doing the following:
First, create a systematic investment portfolio. The discipline to save and systematically invest every month is more important than the amount you set aside from your current income.
Second, buy a piece of land. This will come handy in the future. You can sell the land and use the proceeds as down payment to buy a residential investment property at a later date to generate rental income.
Third, brain-storm with friends and family to start an online venture but ensure that such business is not in conflict with your day job!
Remember, creating a path to financial freedom is the first step towards pursuing your life dreams.

April 11: Tax Query Answered ::Business Line

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I work at a nationalised bank and have taken a loan of Rs 12,00,000 under concessional rate. I have also availed a loan of Rs 5,50,000 at market or public rate of the same bank. For both advances, I am the main borrower and my husband is co-applicant. Our house is jointly registered and for repayment of loan both of our salary is taken into consideration so that advances should not be NPA.
At present, I am claiming interest exemption for house property on my staff housing loan and the loan repayment is done in my salary deduction. My husband is repaying the second loan that is at market rate of Rs 5,50,000.
He is claiming income tax exemption for that part of interest on loan. Since my tax exemption limit on interest for staff housing loan is in excess of my salary drawings, may I utilise the remaining amount for my husband’s tax exemption limit?
Otherwise let me know why it is not allowed, since I had availed the housing loan by computing both our salaried incomes together.
- Sujatha
For claiming a deduction in respect of interest payment towards housing loan under section 24 of the Income Tax Act, 1961 (“the Act”), income from such house property should be chargeable to tax in the hands of the individual as an owner and loan should be repaid by the individual as a borrower of loan.
As you are aware, for Self occupied property (SOP), the deduction towards the interest payment is restricted to Rs 1,50,000 a year. Further, according to the provisions of section 26 of the Act, in respect of joint ownership, where the share of each co-owner is definite and ascertainable, the concessional tax treatment in respect of SOP should be applicable as if each such person is individually entitled to such tax deduction of Rs 1,50,000 a year.
Though not specifically provided, share of each co-owner is generally determined by the capital invested by each of the owner. In your case, as the SOP is jointly owned by you and your husband and two separate loans have been availed by each of you for this property, you and your husband should be able to individually avail the deduction up to cap of Rs 1,50,000 in respect of interest payment made by each of you separately on your respective loan amounts i.e. Rs 12,000,000 and Rs 550,000 respectively during the Financial Year (FY).
Therefore, interest on the principal to the extent paid by each of you should be availed as a deduction in your respective personal tax return. Accordingly, your husband would be unable to avail the deduction in respect of interest paid by you on housing loan of Rs 12,00,000 as that funding has been done exclusively by you. There is also a provision whereby if the loss from the house property could not be offset against the other income in a particular FY, then such loss could be carried forward up to eight subsequent FYs for offset against “Income from house property”.

Ranbaxy Laboratories - Recovery in sight; Priced in; visit note; Reduce :: Edelweiss PDF link

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Ranbaxy Laboratories (RBXY IN, INR 497, Reduce)
Our interaction with the Ranbaxy (RBXY) management indicates that company is working towards improving productivity across businesses with key focus on monetizing critical products in US. Site transfers to Mohali, early resumption of Dewas and incremental approvals (including two FTFs and Isotretinoin) will add upsides to the US business. RBXY expects to achieve industry level margins (18-20%) by CY16-17 with complete resolution of FDA issues. We have, thus, build in back-ended expansion in margins and see that recovery is build in current valuations.

M T Educare, Grey Market buyer at 6-7 Rs

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M T Educare,  Grey Market buyer at 6-7 Rs



SIPs beat recurring deposits ::Business Line

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By taking the SIP route, the impact of market volatility is evened out.
Thinking of saving up money for the long term- say, 5 years or more? Many people immediately prefer recurring deposits, but do see if you can take some additional risk.
If so, systematic investment plans (SIP) with mutual funds can give you a much better return.

WHY SIPS

Most people are wary of equity funds, even through the SIP route because they are worried about market gyrations hurting returns.