No bro...during equitas IPO my AMT in bank of maharashtra was blocked 2 days aftr...first they upload the bids on the exchange sometimes n then block the amt.
Central Bank of india blocks the amount asa your online application is accepted. You can see the status of your application under ''enquiry by account number'' in ASBA menu.
Guys beware of Indian Markets. They are totally manipulated. See there was hardly any options trading. Markets were down more then 1000 points and there were some manipulation to cover up. So is currency trading how can on any day when whole global markets are bleeding rupee can fall only 1% against dollar. Be aware again I would say all the regulators are government agents they will do anything to lose you money and bring profits to operators.
Exactly!! Exports will be killed in India and India will be importer of everything going even IT & Pharma drugs going forward. Indian exports are already in loss and will be in more loss going forward because of depreciating pounds, china currency and etc. IIP number from last 1 year or so is reflection of that.
You will find operator/manipulator on many junctures of life, be it financial/professional or personal. But one can not keep cribbing about it and instead act smartly discounting all these things...
Also these so called manipulators can control the things only up to certain extent and for long term investor, it hardly matters. All the best for your investing!
704.4. Chem cho| Link| Bookmark|
June 25, 2016 1:02:35 PM
IPO Guru (2500+ Posts, 2700+ Likes)
rs at 69 to rs rs 70 to dollar in days to come by DIWALI
Britain market cheers Brexit news with down of just 100 points after opening at 500 points bellow, aftershock may be on monday seen , now scotland and few more nations mulling exit from EU
With also due respect to eagleye, Scotland first minister intended for second referendum due to Scottish people sees their future in EU. They also voted for remain in EU.
701.5. Khemka| Link| Bookmark|
June 25, 2016 11:02:09 AM
(1000+ Posts, 400+ Likes)
Italy,france,Netherlands,Denmark wants referendum to out from EU while people of Scotland want to remain in EU for that they want independent from uk ,
701.6. Eagleye| Link| Bookmark|
June 25, 2016 11:30:06 AM
IPO Guru (6600+ Posts, 21900+ Likes)
This discussion reminds me of a message I saw yesterday ....
Boy 1 *status on facebook*: "Brexit will have serious implications on the UK and it''s Citizens"
Boy 2 *comments*: "Bhau you live in Dombivali ... Tuesday and Saturday पानी नहीं आता है ... उसका tension ले।"
Brexit will not impact the listing - MGL listing will be bumper listing . Only lucky ones will make money ------------- it is a pure domestic play .Best.
699.1. Eagleye| Link| Bookmark|
June 24, 2016 7:06:30 PM
IPO Guru (6600+ Posts, 21900+ Likes)
When you say ... "MGL listing will be bumper listing" ...
what does it mean ? ... what listing price do you expect ???
698.1. Eagleye| Link| Bookmark|
June 24, 2016 5:50:49 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Allotment will be by electronic transfer to your D''mat Account ... :)
697. Eagleye| Link| Bookmark|
June 24, 2016 5:42:06 PM
IPO Guru (6600+ Posts, 21900+ Likes)
Please refer my earlier posting for your ready reference ...
Eagleye Jun 14, 2016 9:19:43 AM IST MAHANAGAR GAS LIMITED (Refer Page No 293 of RHP dated 10th June 2016)
20/Jun/16 – Participation by Anchor Investors 21/Jun/16 – Bid/Offer Opening Date 23/Jun/16 – Bid/Offer Closing Date 28/Jun/16 – Finalisation of Basis of Allotment 29/Jun/16 – Unblocking of Funds from ASBA Account 30/Jun/16 – Credit of Equity Shares to Demat Account 01/July/16 – Commencement of Trading on NSE/BSE
696. Eagleye| Link| Bookmark|
June 24, 2016 4:15:24 PM
IPO Guru (6600+ Posts, 21900+ Likes)
hi, can any one clarify me, my amount has got blocked in HDFC and also I have checked the status it says executed , but I still I have not received confirmation SMS/email from NSE along with application number.
I have 8 demat accounts in my family of which i only get email and SMS for 4 rest i do not get however in case of allotment the one which does not get any sms and email is always lucky when the issue get oversubscribed. So nothing to worry if u do not get SMS or email notification as long as funds are block in your account
688. Eagleye| Link| Bookmark|
June 24, 2016 11:51:19 AM
IPO Guru (6600+ Posts, 21900+ Likes)
RBI GOVERNOR TO ET NOW
THERE ARE CONCERNS FROM BREXIT REFERENDUM
WOULD NOT WANT TO MINIMISE IMPACT OF BREXIT
RBI PREPARED FOR ANY EVENTUALITY
GLOBAL CENTRAL BANKS HAVE BEEN FACTORING IN POSSIBILITY OF BREXIT HAVE BEEN IN TOUCH WITH CENTRAL BANKS ACROSS THE WORLD ON BREXIT SEE NO IMMEDIATE DIRE IMPACT ON BRITAIN
BREXIT MAY HAVE SOME IMPLICATIONS ON U.S. ELECTIONS
RBI WATCHING ALL GLOBAL, DOMESTIC MARKETS CAREFULLY
WILL PROVIDE LIQUIDITY TO CUSHION BREXIT IMPACT
RUPEE MOVEMENT TODAY IS MODERATE COMPARED TO OTHER CURRENCIES
RUPEE STILL ONE OF THE STABLE CURRENCIES COMPARED TO OTHERS
DON''T SEE SUBSTANTIAL OUTFLOWS FROM INDIA AS OF NOW
RBI WILL INTERVENE IN CURRENCY MARKETS WHEN NECESSARY
REASON TO BELIEVE THAT SENTIMENT & ACTIVITY WILL PICK UP DUE TO MONSOON
EXPECT TO SEE LESSER SWINGS IN BOND MARKETS COMPARED TO PEERS
COMFORTABLE ON FX RESERVES; CAN USE WHEN NECESSARY
STEPS TAKEN BY GOVT WILL HELP IMPROVE MACRO-ECO STABILITY
REMAIN ACCOMMODATIVE AS WELL AS DATA DEPENDENT ON MONETARY POLICY
FCNR (B) DEPOSITS MATURITY WILL BE A NON-EVENT IF MANAGED PROPERLY
WOULD NOT WORRY OVERLY ON BREXIT IN THE SHORT-TERM
687. Eagleye| Link| Bookmark|
June 24, 2016 11:49:22 AM
IPO Guru (6600+ Posts, 21900+ Likes)
Brexit : A short term panicky pain but long term bonanza for India. - Dharmesh Pancholi
We all know the current scenario in the UK and it’s referendum poll on Thursday with reference to its exit from the European Union. Let me get straight to the points I am putting forward here.
In my opinion, if Brexit, as they call it, happens then it will prove to be a blessing in disguise for India.
Here’s why.
* Firstly, it will destabilise the currency markets in a big way : Pound sterling will tumble while dollar will rise. Yen and Swiss franc will also rise while the Euro will unstably yoyo. Asian currencies will decline including the rupee which may hit the low of 75 against the dollar. So initially we may have to face this pain of devaluation of currency.
* Trade across the world will face major setbacks because of such a volatile currency market. This situation will only be aggravated by the possibility of countries like Spain, Italy, Portugal and France following the same suit as Britain and exiting from the EU. If that happens, naturally the chances of EU getting dismantled will create a panicky situation in the financial markets across the world and they will go into a limbo for a year or two until the situation is stabilised. The dollar, franc and yen will only rise as the other counties leave the EU.
* Now, significant portion of the US export to the euro region will be hurt badly. And because dollar will be on a rise, it will be difficult for the US to export to its Asian peers too.
* Crude may fall as low as $20
* At the end of the day, US will have to check its own currency rise and bring down the value of the dollar so that it becomes export competent.
* Since UK will have abandoned EU region, it will have to find a new trade partner which could be India or China or both. India will therefore have a much larger share (maybe 10x) as a trade partner with UK than what is has today.
* Apart from that, since India is growing at a wonderful rate of 7.5% currently and the flush of FDI reforms that the Modi government is doing since its inception, even the Euro region will have to look towards India and we will find more and more Euro region bringing in huge FDI and business.
* All in all, crude coming down and sustaining there at the lower levels (due to the recessionary pressures of the world financial markets) will Current Account Surplus) in the financial system of India over a period of time.
* We may see dollar declining big time post 6 months as the US will have to contain the dollar rate against its Asian competitors.
* Dollar and crude decline will give positive cascading effects to the Indian financial system with big boosters
* Since India is a growing economy with a huge customer base and because of PM Modi moving across the world and bringing in huge FDI inflows into India, Modi’s Make In India programme will become a huge hit.
* As a result all of the western world will participate aggressively in Modi’s Make In India, and sell in India and sell across the world. Way to go for the Brexit to become a huge bonanza for India! Also, I personally feel that the pulse of the British people spells out high likeliness of a Brexit happening. The arguments of the Leave campaign are much more convincing to the sound mind than the scaremongering campaign of the Remain camp.
Therefore, I am more inclined to believe that a Brexit will happen, and that it will be a mighty blessing in disguise for India.
One big factor that most analyst today missed out today - is the impact of Brexit on China- ?? this one thing that needs to analyzed very closely to see in the coming days. If it is negative and china surprises all of us in the downside - there could be recession round the corner - recall that the US jobs data, last month, has not been encouraging -with Brexit - If what I am hinting comes out to true , we could see another day of huge fall (like in August Last year) - that would too damaging for the sentiments. Yes, I do agree that depreciating rupee and falling crude augurs well for India BoP . Rising dollar could bring smiles for many exporting sectors and reduce the odds in favour of the US rate hike in coming months but for how long . Domestically , consumption driven growth led by seventh pay commission and good monsoons can perhaps keep the party alive in dalal street for some time , butt for how long?? I have never been a big admirer of consumption led growth, for me the biggest worry the investmentt cycle that has failed to pick up - recall the IIP numbers. ...........