India Morning Report July 27, 2012: Markets begin the ugly collateral free about turn

Pledged shares and margin calls’ wanton destruction yesterday might be recovered as another expiry showed an ugly deleterious effect on the markets and probably held the potential to reduce player participation by half. However, given that the new series could return to 20+ volatility it could be a healthier market when it ticks open today, rid of some of its more narcissstic hellraisers destroyed by the apparition of a sundance by the bears. 

OnMobile is apparently on for a firesale, The first registered Yournest with INR120 crorse in assets has announced a purchase in LiveMinds solutions and long dormant Priyanka Chopra and Madhavan starrer Globosport now also has equity from Platinum Rye entertainment, showing moves finally looking at blue sky opportunities, though I am not sure the sky is clear. Good luck to them We have a new Infra PE fund tooas someone just quit MS Infra fund in India (I know soeone is working out for everyone ifInfra funds are still in the degrowth stage onstead of growing back participation in India)

ICICI Bank and PNB both report today, looking at real sequential growth in Net Interest Income and Profits apoart from confirming the 20 Sales 30 Profits watermark

 

 

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One thought on “India Morning Report July 27, 2012: Markets begin the ugly collateral free about turn

  1. Pingback: Bank Results Season: A critical look at PSU Bank results >> Dena, Karnataka, PNB and BOB « A blog of blogs

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