I am totally in sync with your friend's observations... As far as CNBC goes, I am also in sync... NDTV has some serious pinchers like Ashu which add more value to the show and I find NDTV to be a lot less "noisy" channel. However, the webpage calls which some of the site uses,use language which I cannot make sense 90 p.c. of the time.The more flashier and bombastic the language the less murkier is the meaning. They use such trash language like Nifty is pregnant....etc etc.Dont know what does all this mean....
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Posted: 08/Oct/2006 at 10:26am
I find NDTV more lousy than CNBC... Ashu is the only good anchor thay have. I had once heard the other host (i forgot his name - stocks anchor of NDTV) saying "How can you go wrong with Banks". He was implying that the Bank stocks can never get "Overvalued". what a joke
You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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Posted: 09/Oct/2006 at 12:01pm
Kulmajee- I saw that but irrespective of suggestions our experts gavbe them I was excited to see that the Kissans of India invest in companies like Hindustan Zinc and that too he said he had 500 shares of it. ANd the way they were handling queries seemed funny. Gaurika kept asking the Farmer " Chinni kitna ugayenge?" SOme one should tell her that farmers grow sugar canes and sugar does not come from the field. Maybe she meant the same but then it did create some fun.
Edited by basant - 09/Oct/2006 at 12:03pm
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Remember E. Mathew who regularly comes on CNBC. About 8 months he was pulled up by SEBI for giving a buy call on some midcaps stock, and in the next few days, he unloaded huge poistions in that stock from his personal portoflio. He was fined by SEBI, and CNBC pulled him off their programmes. Then i was very surprised to see him back on their channel a few months ago. That is when i lost all respect for CNBC also, and that they are also probably as culpable as anyone else. Otherwise, if they were also seriously concerned about the retail investor welfare, why would they bring him back? There are no other analysts(so-called!!) available or what?
And then guess what happens? Lightning strikes twice. A few weeks ago, SEBI imposed a fine of 10 lakhs(not sure of exact amount, but it was huge) on E. Mathew for acting contrary to his recomendations on moneycontrol and CNBC(something similar to last time). And again CNBC has pulled him off air, but im sure it wont be long before he's back.
Basant, as a serious investor in TV18, why dont you find out from their investor relations officer why they have to do things like this and lose their credibility.
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Posted: 09/Oct/2006 at 9:54pm
There are , in my opinion, two different type of recommendations. For the trading type, it is quite likely that the broker who recommends one script have an overnight long position in this script and therefore vested interest (Power yr trade.com guys included). In these kind of recommendations, my experience shows the best to be crnindia.com ,especially for short term nifty calls. However, for investors who do not want to take this type of risk, it is best to go for the second type of recommendations- i.e those of the medium term type (e.g those put by by the likes of Capital Market). here, since the time horizon is longer, it is not so easy to keep the stock prices at a manupulated level for a such long time. Another problem with such short terms calls is that u do not get any time to cross-check the fundamentals of the recommendations urself, if u wait the think before hitting the buy button, the script has aleady shot up!!
But alas! the lure of a quick buck and instant gratifiation is so allureing to
us mortals , like flies who are attracted to fire that they cannot resist the deadly embrace!
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Posted: 02/Apr/2007 at 5:22pm
I have read an article that may be useful for all of us. Therefore I am enclosing some lines of that article. Please share your views whether we all/any of us can be categorised as investment advisers who needs to be registered with SEBI.
There are lakhs of advisors and distributors in India, who act as investment advisers but not registered with the Sebi. These include (a) one-stop shops calling themselves financial/investment consultants or advisers, who are engaged in distribution of retail financial products (b) banks, certified financial planners, chartered accountants, tax consultants, etc (c) entities not registered with and rendering investment advice on publicly accessible media such as television, newspapers, radio, internet, mobile phone services, etc.
Here is the text of the article.
Sebi wants check on investment advisors
BS Reporter / Mumbai April 02, 2007
The Securities and Exchange Board of India (Sebi) has suggested creation of a private sector self-financing regulatory organisation (RO) as a first-level regulator for investment advisors.
In a consultative paper on regulation of investment advisers, put out by Sebi on its website for comments and feedback, the market regulator said it was not feasible to regulate such a large number of advisors directly as a frontline regulator within its current resources or even with resources likely to be available in future.
There are lakhs of advisors and distributors in India, who act as investment advisers but not registered with the Sebi. These include (a) one-stop shops calling themselves financial/investment consultants or advisers, who are engaged in distribution of retail financial products (b) banks, certified financial planners, chartered accountants, tax consultants, etc (c) entities not registered with and rendering investment advice on publicly accessible media such as television, newspapers, radio, internet, mobile phone services, etc.
“One view is that a private sector self-financing RO should be created to be the first-level regulator for investment advisers. The RO should develop principle-based regulations with risk-based examinations and implement regulation of discrete market segments in phases.
The RO should publish regulations defining the process for regulation and registration, entry and exit, reporting and market conduct. These should include regulations on advertising, performance reporting and presentation, disclosure of conduct, experience and conflicts, disclosure of services and fees, prices and commissions and fair dealing,” the consultative paper said.
The discussion paper also suggested that for effective regulation, the RO should regulate investment advise relating to all the products and not just securities advisors as the investment advisors give recommendations on other products such as insurance, commodities, pension products and government products, including bonds and postal deposits, company deposits, NBFC deposits and mortgages.
Since all products fall under the jurisdiction of different regulators/agencies, it was not legally possible for any regulatory bodies/agencies to regulate a products outside its jurisdiction. The same RO reporting to various regulatory agencies would lead to undesirable multiplicity of authorities over the RO.
In the US, there is no separate RO for investment advisors. The work relating to regulation of investment advisors is split between the Securities Exchange Commission and the State Governments, the paper pointed out.
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Posted: 02/Apr/2007 at 5:35pm
That was an interesting report but what we need to think is whether we are taking any money for such services also here the concept is of from anyone to anyone. This is unlike anyy other platform where we have just one expert who provides guidance on what is to be done.
Still this topic needs to be debated.
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