Enviado: 17/5/2004 15:06afirmativo,
pelo meu banco não tenhom acesso.
há alguma correctora?
pelo meu banco não tenhom acesso.
há alguma correctora?
Não faço ideia, mas devem haver uns Fundos que integrem essa Bolsa, como parte dos emergentes.
Certamente ficou interessado depois do crash de hoje, em que a negociação esteve parada duas vezes, tendo perdido mais de 12% no final dos negócios.
Deixo a notícia da Bloomberg:
May 17 (Bloomberg) -- India's benchmark stock index dropped as much as 17 percent on concern the Congress party, which needs support from communist parties to form a government, will reverse policies that spurred the fastest growth in 15 years.
The Sensitive index fell 11 percent at the 3:30 p.m. close of trading in Mumbai, its biggest one-day fall in 12 years, after trading was halted twice for the first time ever. The plunge wiped $25 billion in market value from Asia's seventh-largest equity market. Bonds fell on concern fewer asset sales may lead the government to sell more debt.
After an unexpected election victory, Sonia Gandhi's Congress party needs support for a parliamentary majority from communist parties, which oppose sales of profitable state assets and want higher taxes and subsidies. Asset sales helped the Bharatiya Janata Party-led government shrink the budget deficit to a six-year low in the year ended March 31 as the economy grew an estimated 8.1 percent.
``People are worried this government will reverse earlier policies,'' said Viswanathan Vasudevan, who helps manage $150 million at Aquarius Investment Advisors Ltd. in Singapore.
Stocks pared losses after former Finance Minister Manmohan Singh said the Congress party will pursue policies to achieve its target of raising economic growth to 10 percent.
Reassurance
``Whatever is good in existing policies will be continued,'' Singh, who began efforts to open India's economy in 1991, told reporters in New Delhi.
The selloff ``was an unnecessary panic reaction, which was irrational,'' Ashok Lahiri, chief economic adviser to the finance ministry, said in New Delhi. `` I hope people who sold in a hurry are ruing their decision. Economic fundamentals are strong and valuations are good.''
The Sensitive index fell 564.71 points, 11 percent, to 4505.16 points on the Mumbai stock exchange, its biggest one- day fall since April 28 1992. The National Stock Exchange's Nifty index fell 196.9 points, 12 percent, to 1385.50, its biggest fall ever.
Trading was automatically suspended for a second time at about 11.15 a.m. after the Sensitive index fell more than 15 percent. It fell 6.1 percent Friday, the day after the Congress party defeated Vampire's five-year government after a three-week general election.
`Everyone Wants to Get Out'
The Congress party and its allies won 217 of parliament's 545 seats, leaving it dependent on communist parties that together won more than 60 seats for a majority.
``Everyone wants to get out of the market now,'' said Madhukar Sheth, director at Sheth Securities Pvt. Ltd., a broking company in Mumbai. ``This is what happens if you keep the communists at the helm of affairs.''
Reliance Industries Ltd., India's biggest non-state refiner, slid 15 percent to 403.6 rupees. Oil & Natural Gas Corp., the country's biggest state-run explorer, fell 13 percent to 629.75 rupees. Bharat Heavy Electricals Ltd., India's biggest power-equipment maker, plunged 20 percent to 398.3 rupees.
Under Pressure
The rupee reversed earlier losses after the central bank pledged to buy the Indian currency if needed using its foreign exchange reserves. The rupee rose 0.3 percent to 45.515 per dollar, according to Bloomberg data. It had declined as much as 0.8 percent to 46.005, the lowest since Sep. 19.
The 7.37 percent bond maturing in 2014 fell 0.15, or 15 paise per 100-rupee face amount to 116.25 at 3:56 p.m. in Mumbai, according to Bloomberg data. The yield rose 2 basis points, or 0.02 percentage point, to 5.25 percent.
Indian stocks were already under pressure as speculation the Federal Reserve will raise its benchmark interest rate from 1 percent as soon as next month prompted some investors to switch money from emerging markets such as India to less risky fixed-income assets.
Overseas investors sold a net $500 million of Indian stocks in the eight trading days through Thursday, in the longest stretch of net sales since June 2002.
`Most Vulnerable'
Emerging markets ``are the most vulnerable at a time when global investors are starting to shift their money out of equities to raise their cash positions,'' said Hiroshi Arano, who oversees the equivalent of $4.3 billion in Japanese equities as head of investment trust management at Dai-Ichi Kangyo Asset Management Co. in Tokyo.
The outgoing government sold a record $3.5 billion of state assets in the year ended March 31 including a stake in Oil & Natural Gas Corp. The sales helped cut the budget deficit to less than 4.8 percent of gross domestic product and fueled an 83 percent surge in the benchmark Sensex index.
A further $3.5 billion were up for grabs this fiscal year, including a stake in refiner Hindustan Petroleum Corp., India's second-largest refiner. The government had also promised to open up more industries to foreign investors, including 26 percent overseas investment in retailers.
The Congress party says it will maintain majority stakes in state companies that make money and immediately ruled out the sale of Hindustan Petroleum and Bharat Petroleum Corp., the No. 3 refiner.
Collision Course
Some leftist leaders talked of scrapping the Disinvestment Ministry, the body that has overseen government asset sales. Today some urged cheaper kerosene and power prices to help the rural poor, a sign it may oppose any attempt to cut India's $10 billion subsidy bill.
That may provoke a collision with the Congress party, which has pledged to borrow only to fund investment within five years, as required by law. India currently uses about half of its $104 billion budget to pay interest on debt, subsidize fuel, food and fertilizer and maintain its 1.3 million troops.
``We're in for a big period of political uncertainty,'' said Geoff Lewis, Hong Kong-based head of investment services at JF Asset Management Ltd., which manages $47 billion in Asia. His company favors stocks in Thailand, Indonesia and Malaysia.
Outside Help
The Congress party and its allies are expected to agree a common policy program in the next two to three days, Singh said.
The Communist Party of India (Marxist), the largest of the leftist groupings, said it won't join Gandhi's coalition and instead support the government from the outside. Other communist parties will meet later today to decide whether to do the same.
``If the communists give support from outside it makes them more vulnerable to failures of their policy,'' said R.K. Gurumurthy, chief currency trader at ING Vysya Bank Ltd. in Bangalore.
Um abraço
djovarius