RE: [EquisMetaStock Group] Indian markets

["Hitendra Vasudeo" <hitendra@xxxxxxxxxxx>]

<SPAN 
class=312230918-12072004>India is the market of opportunities and 
opportunistics
<SPAN 
class=312230918-12072004> 
<SPAN 
class=312230918-12072004> 

  <FONT face=Tahoma 
  size=2>-----Original Message-----From: Vignesh Eswar 
  [mailto:vignesh@xxxxxxxxxxxxxxx]Sent: Monday, July 12, 2004 6:38 
  PMTo: equismetastock@xxxxxxxxxxxxxxxSubject: 
  [EquisMetaStock Group] Indian markets
  
  <SPAN 
  >Jose, you have no 
  idea!
  <SPAN 
  > 
  <SPAN 
  >Did you <SPAN 
  class=GramE>know 
  <SPAN 
  > 
  
    <LI class=MsoNormal 
    ><SPAN 
    class=GramE><SPAN 
    >that<FONT 
    face=Arial size=2> one of 
    the oldest stock exchanges in the world and THE oldest in 
    <SPAN 
    >Asia<FONT 
    face=Arial size=2> is the 
    Bombay Stock Exchange (BSE) in <FONT 
    face=Arial size=2><SPAN 
    >Bombay<FONT 
    face=Arial size=2>, 
    <SPAN 
    >India<FONT 
    face=Arial size=2>? It was 
    130 years old last week. Naturally one of the worlds oldest listed company 
    is Indian, still trading over 10 million shares a 
    day! 
    <LI class=MsoNormal 
    ><SPAN 
    class=GramE><SPAN 
    >that<FONT 
    face=Arial size=2> the BSE 
    lists more companies than any other exchange in the WORLD? More than 6300 
    and still counting! 
    <LI class=MsoNormal 
    ><SPAN 
    class=GramE><SPAN 
    >that<FONT 
    face=Arial size=2> with 
    the advent of the competing exchange National Stock Exchange (NSE) in 1994, 
    we had moved over completely to online computerized trading from floor 
    trading, much earlier that <FONT 
    face=Arial size=2>New 
    York<SPAN 
    >, or 
    <SPAN 
    >London<FONT 
    face=Arial size=2><SPAN 
    >. 
    <LI class=MsoNormal 
    ><SPAN 
    class=GramE><SPAN 
    >that<FONT 
    face=Arial size=2> Indian 
    traders had developed and used unique hybrid option and forward contracts as 
    far back as early 1900s, much before anyone had even dreamt of the 
    possibilities? 
    <LI class=MsoNormal 
    ><FONT 
    face=Arial color=navy size=2><SPAN 
    >That we had a price discovery 
    mechanism called badla (pronounced <SPAN 
    class=SpellE>badh-la) that combined spot and forward pricing 
    variables. This is still unique in the world. Unfortunately, it has been 
    discontinued now because of regulatory diktat. 
    <LI class=MsoNormal 
    ><FONT 
    face=Arial color=navy size=2><SPAN 
    >That we are one of the few in 
    the world to have introduced individual stock futures and options along with 
    index futures and options about 4 years back? Naturally we clock the maximum 
    turnover in the world on stock futures. 
    <LI class=MsoNormal 
    ><FONT 
    face=Arial color=navy size=2><SPAN 
    >That we have had more stock 
    scams per nation till the <FONT 
    face=Arial size=2><SPAN 
    >US<FONT 
    face=Arial size=2> markets 
    recently took over this dubious distinction! 8-D Regulation has always been 
    our Achilles heel. 
  <SPAN 
  > 
  <SPAN 
  >You only need to see 
  venerable 80 year old topi clad <SPAN 
  class=SpellE>Gujurati traders reverently stoop to touch the steps on 
  the entrance to the BSE to know that speculation is as much a part of our 
  blood and culture as curry!!
  
  <SPAN 
  >Regards,<FONT 
  color=navy><SPAN 
  >
  <SPAN 
  >Vignesh 
  Eswar<SPAN 
  >
  <SPAN 
  >Trade 
  Well. Trade Wise.
  <SPAN 
  >-----Original 
  Message-----From: Dusant 
  [mailto:dusant@xxxxxxxxxxxxxxxxxx] <SPAN 
  >Sent<SPAN 
  >: Monday, July 12, 2004 4:13 
  PMTo: 
  equismetastock@xxxxxxxxxxxxxxx<SPAN 
  >Subject: Re: [EquisMetaStock Group] 
  ADR
  <FONT face="Times New Roman" 
  size=3> 
  
  <SPAN 
  >We have had an exceptional bull 
  run in India, Jose. 
  
  <SPAN 
  >From May 03 to Jan 04. Its no 
  longer that much fun now. :)
  
  <SPAN 
  >DusantChief Architect<A 
  href="">http://www.candlestrength.com/
  <BLOCKQUOTE 
  >
    
    <SPAN 
    >----- Original Message ----- 
    
    
    <FONT 
    face=Arial size=2><SPAN 
    >From:<FONT 
    face=Arial size=2> <A 
    title=josesilva22@xxxxxxxxx href="">Jose 
    
    
    <FONT face=Arial 
    size=2><SPAN 
    >To:<FONT 
    face=Arial size=2> <A 
    title=equismetastock@xxxxxxxxxxxxxxx 
    href="">equismetastock@xxxxxxxxxxxxxxx 
    
    
    <FONT face=Arial 
    size=2><SPAN 
    >Sent:<FONT 
    face=Arial size=2> Monday, 
    July 12, 2004 1:21 PM
    
    <FONT face=Arial 
    size=2><SPAN 
    >Subject:<FONT 
    face=Arial size=2> Re: 
    [EquisMetaStock Group] ADR
    
    <FONT face="Times New Roman" 
    size=3><SPAN 
    > 
    <FONT face="Times New Roman" 
    size=3>These Indian markets sound like 
    more fun than a trip to Disneyland... j 
    '-)
  <FONT face="Times New Roman" 
  size=3><BR 
  ><BR 
  >







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