Skip to main content

Dubai World and Markets

Dubai World, a government investment company, which is having debts totaling around $60 billion, has asked creditors to postpone its forthcoming payments until May. This move by Dubai World has caused fears of a potential default and panic among the global financial system, particularly in banks and emerging markets. Weakness is also attributed to the continuing slide in the dollar, which earlier fell to a 14-year low against the yen.

Dubai’s debt reschedule has cast a shadow on the world, pulling down all the markets from Sydney to Sao Paulo.Markets across Asia and Europe crashed on Friday by fears of fresh financial trouble, threatening to derail the global recovery and holding huge ramifications for India.

For India, which has lakhs of its citizens living and working in Dubai, the concerns are pretty much cleat - job losses and sharply reduced trade. Many Indian companies, particularly in the Infra and Realty sectors which could possibly be hit are Nagarjuna Construction, Larsen & Toubro, Voltas ,Bank of Baroda,SpiceJet and Aban Offshore.

Comments

  1. Will it trigger next round of selling in markets, one has to wait and watch.

    ReplyDelete
  2. Sharp corrections could used as buying opportunity.

    ReplyDelete
  3. This is completely alarming. If this happened to Dubai, I think that even the countries under it will suffer.

    ReplyDelete
  4. Good Blog , Dubai has good opportunity for buyers.

    ReplyDelete
  5. looking we're now having continously economic problem..what can we do now is save ourself.

    ReplyDelete
  6. Economies around the world are crumbling. We need solutions to fix the economic crises.

    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…