India "Explodes" as its "Time of Reckoning" Arrives

[HongWu]

^ Riaz Haq was right all along! india was always just a fake bubble based on borrowing and spending and taking away from the poor to buy fancy status symbols like Formula 1 and Eurofighters from the West for corrupt dynastic high castes.

 

[patna_ke_presley]

^ Riaz Haq was right all along! india was always just a fake bubble based on borrowing and spending and taking away from the poor to buy fancy status symbols like Formula 1 and Eurofighters from the West for corrupt dynastic high castes.

Have a control on your tongue because you are from same China where Mao Zedong starved 20 million Chinese to death.

 

[FairAndUnbiased]

Have a control on your tongue because you are from same China where Mao Zedong starved 20 million Chinese to death.

hey you're behind on the times, 20 million was so yesterday, today's estimate is 46 million.

Tomorrow you better revise it to 70 million to keep up!

 

[RiazHaq]

The Indian stock market today lost its trillion-dollar status, as a decline in the rupee and share valuations led to its size slipping below this mark to $994.97 billion, according to India's Economic Times:

India had managed to hold onto the select league of the countries with a trillion-dollar stock market by a whisker for past few days, but finally gave in today after the market barometer Sensex fell to a fresh 28-month low and the rupee lost further value against the US dollar.

At the end of today's trade, the total size of the Indian market, measured in terms of cumulative valuation of all listed stocks, stood at Rs 52,60,440.78 crore.

As the rupee ended the day at Rs 52.87 level, the stock market's size in the American currency was USD 994.97 billion -- just a shade below the trillion-dollar mark.

The Indian market had a size of USD 1.0116 trillion (Rs 53,48,352.02 crore) at the end of yesterday's trade.

A total of 13 countries are now estimated to be left in the trillion-dollar stock market club, including the US, the UK, Canada, Brazil, Australia, Hong Kong, South Korea, China, Japan, Spain, Germany, Switzerland and France.

The Indian market had first achieved a trillion-dollar size about four and half years ago on May 28, 2007, but moved out of this coveted league about a year later on July 1, 2008.

India again joined this elite club of markets with trillion-dollar valuation about a year later on June 3, 2009.

The Indian market was, in fact, seen inching towards the two-trillion dollar mark at least twice in the past -- first in early 2008 and then at the beginning of 2011 with a size as high as USD 1.9 trillion.

A sharp plunge in the market this year has led to the Indian market valuation falling by close to Rs 20 lakh crore (over USD 500 billion), from about Rs 73 lakh crore (USD 1.7 trillion) at the beginning of 2011.

The rupee has been a declining trend for many months now and had hit its record low level below Rs 54-level last week, but the fall was somewhat arrested since then on the back of an intervention by the Reserve Bank.

The market size has been hovering above the trillion- dollar mark for last few days and an eminent miss was averted on Thursday last week, when the RBI managed to reverse the downfall of rupee after a record fall to Rs 54.30 level.

On Friday, the market size stood at Rs 54,11,301 crore or USD 1.026 trillion, based on that day's currency rate of Rs 52.30, as the market tanked sharply. The trillion-dollar tag had been lost that day itself, if the rupee had managed to hold onto its record high levels.

In terms of individual exchanges, the total size of stocks listed on the NSE yesterday itself slipped below trillion-dollar mark to USD 989 billion (Rs 52,30,333 crore).

At the end of today's trade, NSE-listed market valuation stood at Rs 51,42,566 crore (USD 972.68 billion).

However, the market valuation of NSE-listed companies is not considered as the country's stock market size, as not all the companies are listed on this exchange.

Indian stocks are mainly listed on two national bourses, the BSE and the NSE, but the numbers of listed companies on the two stock exchanges differ sharply.

While about 1,600 stocks are actively traded on the NSE, the number is almost double at over 2,900 at the BSE.

Almost all the stocks listed on the NSE are also listed on the BSE and therefore the cumulative valuation of companies listed on the BSE is treated as the total market size.

India moves out of trillion-dollar stock market club - The Economic Times

 

[Nan Yang]

The dollar has gained nearly 19% against the rupee since March, making it Asia's worst-performing currency this year.

Being the world's top weapons importer, India will have to pay 19% even more for their imported weapons.

 

[sarthak]

GDP Growth Rates, List by Country

Just go through the GDP growth rate figures of Brazil n Russia

And pakistan 2.4% It's funny looking at Pakistani members getting all excited and hyped up. I don't think they realise that in a time of recession , we are growing at 7% which is probably more than what pakistan has grown at in its entire history.

 

[Huan]

The Indian stock market today lost its trillion-dollar status, as a decline in the rupee and share valuations led to its size slipping below this mark to $994.97 billion, according to India's Economic Times:

India had managed to hold onto the select league of the countries with a trillion-dollar stock market by a whisker for past few days, but finally gave in today after the market barometer Sensex fell to a fresh 28-month low and the rupee lost further value against the US dollar.

At the end of today's trade, the total size of the Indian market, measured in terms of cumulative valuation of all listed stocks, stood at Rs 52,60,440.78 crore.

As the rupee ended the day at Rs 52.87 level, the stock market's size in the American currency was USD 994.97 billion -- just a shade below the trillion-dollar mark.

The Indian market had a size of USD 1.0116 trillion (Rs 53,48,352.02 crore) at the end of yesterday's trade.

A total of 13 countries are now estimated to be left in the trillion-dollar stock market club, including the US, the UK, Canada, Brazil, Australia, Hong Kong, South Korea, China, Japan, Spain, Germany, Switzerland and France.

The Indian market had first achieved a trillion-dollar size about four and half years ago on May 28, 2007, but moved out of this coveted league about a year later on July 1, 2008.

India again joined this elite club of markets with trillion-dollar valuation about a year later on June 3, 2009.

The Indian market was, in fact, seen inching towards the two-trillion dollar mark at least twice in the past -- first in early 2008 and then at the beginning of 2011 with a size as high as USD 1.9 trillion.

A sharp plunge in the market this year has led to the Indian market valuation falling by close to Rs 20 lakh crore (over USD 500 billion), from about Rs 73 lakh crore (USD 1.7 trillion) at the beginning of 2011.

The rupee has been a declining trend for many months now and had hit its record low level below Rs 54-level last week, but the fall was somewhat arrested since then on the back of an intervention by the Reserve Bank.

The market size has been hovering above the trillion- dollar mark for last few days and an eminent miss was averted on Thursday last week, when the RBI managed to reverse the downfall of rupee after a record fall to Rs 54.30 level.

On Friday, the market size stood at Rs 54,11,301 crore or USD 1.026 trillion, based on that day's currency rate of Rs 52.30, as the market tanked sharply. The trillion-dollar tag had been lost that day itself, if the rupee had managed to hold onto its record high levels.

In terms of individual exchanges, the total size of stocks listed on the NSE yesterday itself slipped below trillion-dollar mark to USD 989 billion (Rs 52,30,333 crore).

At the end of today's trade, NSE-listed market valuation stood at Rs 51,42,566 crore (USD 972.68 billion).

However, the market valuation of NSE-listed companies is not considered as the country's stock market size, as not all the companies are listed on this exchange.

Indian stocks are mainly listed on two national bourses, the BSE and the NSE, but the numbers of listed companies on the two stock exchanges differ sharply.

While about 1,600 stocks are actively traded on the NSE, the number is almost double at over 2,900 at the BSE.

Almost all the stocks listed on the NSE are also listed on the BSE and therefore the cumulative valuation of companies listed on the BSE is treated as the total market size.

India moves out of trillion-dollar stock market club - The Economic Times

Makes you wonder why India is still "shining" in some people's eyes.

 

[Alpha Omega]

India is probably the weakest BRIC country despite having a healthy growth rate. Strong middle class has pushed the domestic demand further than expected but on international arena, India lags far behind in trade or attracting FDI, mostly due poor government policies.

MM Singh is a technocrat, he did a great job as minister and prime minister for India but could not reform or ease foreign policies which is a shame because India has the potential to outgrow Brazil and even Russia. Unless the inflation and deficit is controlled, the rupee may take a nose dive which again will hurt its growth.

Still, India is the strongest and best performer in all economic aspects in the region.

 

[nalandapride]

Makes you wonder why India is still "shining" in some people's eyes.

Well even China is facing same problem because your export sector is hit by crisis and increasing mass unemployment is increasing unrest in China.

 

[RiazHaq]

In a tough message to India Inc, Prime Minister Manmohan Singh urged industry leaders to stop negative comments, and pitch in to help India grow.

"I must confess that it is a little disappointing to sometimes hear negative comments emanating from our business leadership or be told that government's policies are causing slowdown and pessimism in the industrial sector. Such comments have added to uncertainty and have emboldened those who have no stake in our economic growth.

It is true that our country faces a large number of issues which need urgent resolution. The energy sector, the port sector, the transport sector, the supply of gas and coal, all need greater attention. Corruption and better governance also require firm handling. I wish to assure you that our Government is serious about tackling these issues. We are also committed to ensuring the predictability and transparency of our policy and regulatory environment," the Prime Minister said.

These comments were a part of PM's remarks at a meeting of the Council on Trade and Industry held yesterday evening. India Inc met the PM to discuss concerns over economic slowdown, high interest rates and lack of reforms.

We had a very good interaction with the PM. He listened to all the different challenges faced by the Industry. The PM is very determined to get back on the growth path, Swati Piramal, Member of the PM Council on Trade told NDTV Profit.[RELATED-STORIES]

Those present at the meeting included Tata Sons Chairman Ratan Tata, Bajaj Auto Chairman Rahul Bajaj, Reliance Industries’ Mukesh Ambani, former Chairman of Infosys NR Narayana Murthy, Bharti Airtel's Sunil Mittal and ICICI Bank's Chanda Kochhar. Commerce and Industry Minister Anand Sharma and Deputy Chairman of the Planning Commission Montek Singh Ahluwalia also attended the meeting.


Read more at: PM to India Inc: Negative comments disappointing

 

[Tumba]

India is probably the weakest BRIC country despite having a healthy growth rate. Strong middle class has pushed the domestic demand further than expected but on international arena, India lags far behind in trade or attracting FDI, mostly due poor government policies.

MM Singh is a technocrat, he did a great job as minister and prime minister for India but could not reform or ease foreign policies which is a shame because India has the potential to outgrow Brazil and even Russia. Unless the inflation and deficit is controlled, the rupee may take a nose dive which again will hurt its growth.

Still, India is the strongest and best performer in all economic aspects in the region.

better worry abt your countrt kid ... 2 percent growth rate ... no power... no railway.. no airline .... think abt this before giving wisdom to India .

 

[-indian2-]

In a tough message to India Inc, Prime Minister Manmohan Singh urged industry leaders to stop negative comments, and pitch in to help India grow.

"I must confess that it is a little disappointing to sometimes hear negative comments emanating from our business leadership or be told that government's policies are causing slowdown and pessimism in the industrial sector. Such comments have added to uncertainty and have emboldened those who have no stake in our economic growth.

It is true that our country faces a large number of issues which need urgent resolution. The energy sector, the port sector, the transport sector, the supply of gas and coal, all need greater attention. Corruption and better governance also require firm handling. I wish to assure you that our Government is serious about tackling these issues. We are also committed to ensuring the predictability and transparency of our policy and regulatory environment," the Prime Minister said.

These comments were a part of PM's remarks at a meeting of the Council on Trade and Industry held yesterday evening. India Inc met the PM to discuss concerns over economic slowdown, high interest rates and lack of reforms.

We had a very good interaction with the PM. He listened to all the different challenges faced by the Industry. The PM is very determined to get back on the growth path, Swati Piramal, Member of the PM Council on Trade told NDTV Profit.[RELATED-STORIES]

Those present at the meeting included Tata Sons Chairman Ratan Tata, Bajaj Auto Chairman Rahul Bajaj, Reliance Industries’ Mukesh Ambani, former Chairman of Infosys NR Narayana Murthy, Bharti Airtel's Sunil Mittal and ICICI Bank's Chanda Kochhar. Commerce and Industry Minister Anand Sharma and Deputy Chairman of the Planning Commission Montek Singh Ahluwalia also attended the meeting.


Read more at: PM to India Inc: Negative comments disappointing

take the following too
India Back In Trillion-Dollar Market Cap Club | Businessworld
you are nowadays not so good in bashing and cherry picking...it seems that your joy of India's shortcomings are so short lived...anyway continue your esteemed cherry-picking research it makes us to relax during our work time...

 

[Chinese-Dragon]

Riaz Haq was right.

 

[-indian2-]

better worry abt your countrt kid ... 2 percent growth rate ... no power... no railway.. no airline .... think abt this before giving wisdom to India .

yet they advice and ask the Chinese members here for forming a powerfulrofl league comprising China,Russia and Pakistan which they argue to be much more powerful than BRICS...height of madness and stomach burning...

---------- Post added at 12:23 PM ---------- Previous post was at 12:22 PM ----------

Riaz Haq was right.

He is always right indeed

 

[RiazHaq]

take the following too
India Back In Trillion-Dollar Market Cap Club | Businessworld
you are nowadays not so good in bashing and cherry picking...it seems that your joy of India's shortcomings are so short lived...anyway continue your esteemed cherry-picking research it makes us to relax during our work time...

It's far cry from the the two-trillion dollar mark that Indian market approached at least twice in the past -- first in early 2008 and then at the beginning of 2011 with a size as high as USD 1.9 trillion.

And here's the reality today: