Investing Trends

Is
bear trust keeping marketplace on the
edge? With the Budget less than
a hebdomad away, there is no famine of confederacy theories. One such as theory is that
a grouping of powerful investors, which includes some hard-nosed foreign
institutional investors, is trying to maintain the marketplace subdued so that there is
no harmful proposal in the Budget as far as the stock marketplace is concerned. This could also probably set
the alkali for a strong mass meeting even if the Budget is largely working capital market
neutral. The trust in image was said to be dumping heavyweight banking stocks
and substructure pillory on
Friday. REC issue attracts
unusual institutional interest. There looks to be an unusual institutional
interest in the public issue of Rural Electrification Corporation (REC). According to beginnings in the market, the large dada of North American Indian coverage industry
has placed commands for around Rs 100 crore. The common monetary fund arm of a depository financial institution acute on
helping people construct places have set in stopping point to Rs 750
crore. India’s leading
property insurance company have invested about Rs 100 crore. The cake, however, travels to a
fund owned by King Kong Shanghai Bank, which is said to have got invested around Rs
800 crore in the public issue. Stopping Point on the heels of the King Kong fund, a
Singapore-based monetary monetary fund have invested about Rs 700 crore in the REC issue, market
sources said. Now this is surprising considering the fact that domestic
institutions have got been wary of investment in public issues over the past 8-10
months. On most occasions,
quality issues, too, have got been left alone by common monetary fund managers. To do a
point, 11 finances had invested only Rs 189 crore in the DLF populace issue. Likewise, corroborating the day of the month of public issue, listing or portfolio
declaration, one can easily attain on a just premise that lone a negligible Rs 114
crore was invested in the high-profile Power-Assisted Power System Corporation issue. The same is the lawsuit with the
public issue of Omaxe (with nett common monetary fund investing of lone Rs 11 crore),
Central Depository Financial Institution of Republic Of India (Rs 37 crore), Mundra Port (Rs 391 crore) and Motilal
Oswal Financial Services (Rs 72 crore). The million-dollar question is: Will
these investors dump REC on listing?