Stock Shastra

Much has been written about the newly introduced Rajiv Gandhi Equity Saving Scheme for investors. While we all still wait for clarity on it, there seems to be some negativity surrounding the scheme. Most of this comes from the Mutual Fund industry, that according to some reports may be excluded from the ambit of this scheme.

However, we at MoneyWorks4me.com feel that the scheme is a step in the right direction to encourage direct equity investments. We feel it might actually give the much required boost to new equity investors along with a safe direction to investing.

So, let’s find out why this might turn out to be a boon for retail investors?

The Union Budget 2012-13 was a pretty disappointing one for the common man with no major reforms announced. Even on the tax front, there was just a marginal increase in the tax slabs and reduction in STT. The only interesting thing for a retail investor was the introduction of a new scheme called the Rajiv Gandhi Equity Saving Scheme (RGESS).
So, what does this scheme entail and what does it mean for you?

Budget 2012-13 – was expected to be a reformist budget, set the tone for the next decade, uplift the economy from the drudges it seems to be in, reduce the fiscal deficit, etc, etc. In short, it was a budget expected to have something for everyone. All of this, increased expectations and left a herculean task in front of Mr. Pranab Mukherjee.

But was the budget actually successful in fulfilling these expectations? Let’s find out.

The Indian Stock markets have shown a good performance in 2012, on the back of positive developments around the world and the Indian economy. The Sensex saw a rally that lasted from mid-December right upto mid-February.

This rally came to a halt when the Sensex witnessed a steep correction from 22nd February and saw a further correction post the state elections in March. The Union budget scheduled at the end of this week, is another major event to watch out for.

With the overhang of these concerns, let’s look at the 9 month performance of the Sensex companies. And what is the future outlook? Also, let’s find out what picture does the Sensex at MRP show.

The MCX IPO goes live today on the 22, February, 2012 with much excitement around it! The bleeding IPO market has seen no issue since October last year.

MCX is the largest commodity futures exchange in India, enjoying a leadership position in metals, bullion and energy futures. Financial Technologies is its biggest promoter. With, MCX being the first commodity exchange to be listed on the bourses, there are many news reports and expectations doing the rounds

So, does this IPO have what it takes? Let’s find out…