Skip to main content

IPL season is back

No ! we are not talking about cricket here. IPO season is back (Did we say IPL ?). Suddenly there seems to be a lot of activity around the IPO markets, apart from the QIP issues. After the Mahindra Holidays expensive issue and its not-so-successful listing, many companies have lined up the queue to launch their issues. Prominent among them are Adani Power, JP Power Ventures, National Hydroelectric Power Compnay - NHPC and Oil India.

According to SEBI data, 18 more companies have lined up and finalized their plans to raise more than 6000 crores in the next 2 to 3 months. Not many of them are even worth looking at. Even Adani power needs a re-look, recently it had its Pre-IPO placement done at Rs.47 (last year) and the issue to the public is likely to be priced between Rs.100-110. Looking at such issues, I think we were right in using the word IPL - Initial Public Looting.

We can hope at least the PSU IPOs are reasonably priced. Companies make hay while the sun shines ! And Investors ?

Comments

  1. As always, the retail investors are always made fools.

    ReplyDelete
  2. Yes u r right Rajesh Sir, IPOs come when things are looking up to raise market from investors. Pricing IPOs is the issue which needs to be looked in by SEBI, so that there is at least a reasonable return of a minmimu of 10% for the investor on listing in the secondary market.

    ReplyDelete
  3. yea,I agree.Some of the modest companies are often over priced during issue to the public.

    ReplyDelete

Post a Comment

Popular Posts

Your Bill Amounts Are Going To Increase From June 1, 2016

Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers. It is categorized under Indirect Tax and came into existence under the Finance Act, 1994. Union Finance Minister, Arun Jaitley, in his budget announcements proposed to impose a cess, called the Krishi Kalyan Cess, @ 0.5% on all taxable services. The present rate of service tax will be hiked to 15 per cent from June 1, 2016, from 14.5 per cent. Take a look at what gets expensive:



Phone Bills: Your phone bills are going to go up. So, pay a good 15 per cent now on service tax on phone bills.

Restaurant Bills :If you are dining in a restaurant that already has service tax applicable, you are going to pay more on your eating out. Though 0.5 per cent on a single bill may not mean much, frequent diners may end-up paying a lot during the year.

Travelling: You will have to pay more for air travel, as there is a service tax on tour operators and travel agents.

Moneycontrol Terminal - Streaming Live Quotes

Moneycontrol has introduced a new feature Moneycontrol Terminal - an enhanced version of real time price updates. Though there were live quotes provided by the website previously, the present form  gives a better update of live quotes of indices and stocks.

This terminal provides live streaming quotes for both NSE and BSE free. It also provides quotes for most of the indices and also the constituents/stocks of the indices in BSE and NSE.  The terminal also provides live news and other market news, which might be useful for traders. The hardware recommended is minimum of 1 GB RAM.

It would be better if stock of any choice could be added ( market watch of a set of stocks ), which would be easier to track one's trading positions. Anyway, this is a better alternative for people who don't have access to any trading software, to view live action of the markets.




You could just try the same here at Moneycontrol Terminal


NSE Level 3 Data

Before we get into details of NSE Level 3 Data, it is important to first understand the basic operations of the stock market.  All publicly traded equities have a bid price and an ask price when they are bought and sold. The bid is the highest price a trader( or an investor) is willing to purchase a stock. The ask is the lowest price in which he is willing to sell a stock.


Depth of the Market(DOM):Looking at a Level 1, Level 2 or Level 3 quotes can give a trader, a basic idea of how a stock is performing at any given time.

Level 1 Market Data provides the basic market data which includes Bid price, Bid size, Ask price and Ask size.

Level 2 Market Data provides more information than Level I data. Mainly, it doesn't just show the highest bid and offer, but also shows bids and offers at other prices. Now level 2 provides market depth data upto 5 best bid and ask prices.

Level 3 Market Data provides market depth data upto 20 best bid and ask prices .  This primarily used by brokers and ma…