WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Mon – Tuesday  range Astro Range

Reference till  25^th September  …!!!

Outlook for Week :: (31.08.2015 to  04.09.2015)

NIFTY :: 8002 (-298)

Nifty lost more than 3.50’% in view of the Yuan Depreciation , which has affected the entire world market.                  

Mon – Tues day’s market reference range would bw rhw reference range till 25 th September nad it would be bullish above the high and bearish below the Low of the range.

20DMA, 50DMA, 100DMA and 200 DMA are placed at about 8327,, 8413,, 8352 and 8403 respectively and would act as supports / resistances. Nifty is trading  below  all   the  averages  which is a matter of  concern.

While Nifty continues to trade above  the  200 DMA and 50 DMA too is  above  200 DMA (Golden Cross) suggesting that the Bullish   trend is   in    tact.

Medium term would once again turn bullish only if Nifty is able sustain above 8550 for about Two weeks. Nifty would face  resistance around 8300, above which it will have real bullishness and has strong support around 7600 too. .

Technical Levels for the Week::

Bullish above 8075 with resistance at 8150, 8225, 8300

Bearish below 7925 with Supports at 7850, 7775, 7700

Breakout level 8075 Breakdown level 7600

Advice for Traders ::

Weekly Open level is very important for the entire week.
Long  positions may be considered  as long as it maintains above
the Last week’s High.

Planetary Position

During the current week Moon would be transiting  from  Aquarius 4^th Pada in

Pisces  to Krittika 3^rd Pada in Taurus.

Sun transits in  Poorvashadha 1^st Pada   toPoorvashadha 2^nd Pada.

Mercury   transits  in Hastha 1^st Pada to   to . Hastha 2 nd Pada. .. . .

Venus transits in Retro motion in  Aslesha in 2nd  Pada to aslesha 2^nd PAda.4^th  Pada  from 25^th July to 6^th September.

Mars transits in  Aslesha 2 nd Pada Pushyami  4th Pada.  to  Aslesha  1st Pada..

Saturn moves into Direct motion and transits in   Anuradha constellation in Scropio sign in 1^st Pada  and in Leo Navamsa .

Jupiter ,, transits in  Leo in Makha constellation in 4^th    Pada  in Taurus  Navamsa. To  Makha 3^rd PAda in Gemini  .Navamsa.

Rahu and Ketu continue their transit in Virgo and Pisces respectively.

From Next week onwards,Venus would  change its direction .

205 STOCKS HIT 52 WEEK LOWS

Hit by massive sell-off in the stock market, as many as 205 stocks touched their one-year low on the BSE today, with the benchmark Sensex plummeting over 1,500 points. Stocks that hit their 52-week low included Aban Offshore, ABG Shipyard, Adani Power, Gail, ICICI Bank, NTPC, ONGC, Tata Motors, Tata Steel, VST Industries, among others. Similarly, other stocks that touched their one-year low were Financial Technologies, HCC, MOIL, Mysore Bank, NHPC, NDMC, Orbit Corporation, PFC, RCom, SAIL, Sobha Developers, Simplex Projects, UCO Bank, Vijaya Bank and Zuari Agro Chemicals, among others. Meanwhile, Amtek Auto shares were amongst the biggest losers in today's market slump. The stock continued to witness intense selling pressure and fell over 17 per cent. Besides, Jet Airways tumbled 12.83 per cent, SKS Microfinance (11.42 per cent), Bank of India (11.71 per cent) and Rajesh Exports (10.76 per cent). The Sensex today crashed over 1,500 points - the biggest in over seven years and third-largest in the benchmark's history. The overall investors' wealth, measured in terms of total valuation of all listed stocks, also plunged nearly by Rs 3.5 lakh crore as it crashed below Rs 100-lakh crore mark and stood at Rs 97,64,237 crore in afternoon trade. However, around 50 stocks defied the broader market trend and touched 52-week high level.

DALAL STREET CARNAGE, SENSEX BIGGEST EVER FALL

DOWN BY 1624.51 POINTS

In the bloodiest carnage on Dalal Street, the stock market benchmark Sensex today crashed by 1,624.51 points -- its biggest single-day fall -- and over Rs 7 lakh crore got wiped out within hours from the investors' wealth on a sharp global sell-off triggered by a Chinese rout. The index ended the day 5.94 per cent down at 25,741.56 points as jittery investors sold shares across all sectors including energy, banking, auto, IT, infrastructure and real estate, even as Finance Minister Arun Jaitley and RBI Governor Raghuram Rajan sought to soothe the frayed nerves saying fundamentals of Indian markets remain strong. The rupee was also not untouched by the carnage, which hit a fresh two-year low of 66.66 versus the US dollar, hitting the investors' appetite hard.
The downfall began right at the word go when markets opened this morning and the BSE's 30-share index fell by as much as 1,741.35 points in the intra-day before recouping a small portion of the losses.
In percentage terms also, the full-day loss was biggest in six and half years since a 7.25 per cent plunge on January 7, 2009. In terms of intra-day fall, today's plunge is highest in over seven years since a 2,062-point rout on January 21, 2008. Overall, this was the third-highest intra-day fall. Sentiment also took a knock after crude oil prices softened to multi-year lows amid deepening concerns about weak Chinese growth and global oversupply. The total investor wealth, measured in terms of cumulative market value of all listed stocks, tanked by more than Rs 7 lakh crore and crashed below Rs 100-lakh crore mark to end the day at Rs 95,33,105 crore.

Though notional in nature, promoters of listed companies accounted for over half of these losses at about Rs 4 lakh crore while foreign investors also took a hit of close to Rs 1.5 lakh crore. The loss in the accounts of retail investors is estimated at about Rs 75,000 crore while institutional investors also took a hit of about Rs 1 lakh crore. The broader 50-share NSE Nifty was no exception and witnessed heavy selling pressure and plunged 490.95 points to end the day at 7,809, down 5.92 per cent.
The BSE small-cap and mid-cap indices plunged even more by 8.81 and 7.68 per cent, respectively. "The two important factors which led to today's chaos are the sharp fall in the rupee due to the increase in risk to emerging market currencies and the high demand for the Offer for Sale of state-run Indian Oil requiring a total outflow of Rs 9,400 crore," said Vinod Nair, Head, Fundamental Research, Geojit BNP Paribas Financial Services.
Kotak Securities' Dipen Shah said the global risk-off trade has impacted Indian equity markets also, but added that there were some positive longer-term takeaways, including the plunge in crude prices to USD 44 per barrel.

Rs.7 LAKH CRORES WIPED OUT

As the stock market saw a bloodbath, the investor wealth today crashed by over Rs 7 lakh crore in the biggest ever single-day loss, as a global rout caused jitters across the board. Crashing below Rs 100 lakh crore mark, the total investor wealth measured in terms of cumulative valuation of all listed stocks, stood at Rs 95,28,536 crore at the end of the day. Though notional in nature, just top-20 companies accounted for more than 5 lakh crore of losses. Among investor classes, the promoters' share was more than 50 per cent at about Rs 4 lakh crore, while FIIs are estimated to have taken a hit of close to Rs 1.5 lakh crore on their portfolios. The loss in the accounts of retail investors is estimated at about Rs 75,000 crore, while institutional investors also took a hit of about Rs 1 lakh crore. The total investor wealth, measured in terms of collective value of all listed stocks, fell to Rs 95.29 lakh crore at the end of today's trading session -- down from Rs 102.33 lakh crore at the end of last trading session on Friday.

BLOODY MONDAY RAVAGE MARKETS

CHINESE STOCKS...WORST FALL SINCE 2007

It was a "bloody Monday" for Chinese stock markets as shares once again nosedived in the sharpest decline since 2007 over fears of a hard landing for the world's second largest economy. "China stocks in sharpest fall since 2007," state-run Xinhua news agency reported. The benchmark Shanghai Composite Index dropping 8.49 per cent to close at 3209.91 points. The smaller Shenzhen Component Index fell 7.83 per cent ending at 10,970.29 points. The CSI 300 also declined to end at 3,271.89, down 8.85 per cent or 317.65 points. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 8.08 per cent to end at 2,152.61 points. Nearly 2,200 shares tumbled by the daily limit of 10 per cent, Xinhua report said. The stocks closed at their lowest as a wave of risk-off selling pummelled the market with only about 100 stocks listed in Shanghai still trading late as the other 993 stocks listed on the benchmark index either halted trading voluntarily or were forced to do so after it fell by the daily 10 per cent limit, a report in the South China Morning Post said. Fears about the sputtering Chinese economy have spread like wildfire in global stocks, leading to a vicious round of risk aversion selling, the Post report said. Yesterday's decision by the Chinese government to permit its USD 547 billion pension fund, the biggest in the world, to be invested in the stock market despite the June 12 market crash wiping out about USD 4 trillion capital has not helped. China's cabinet has published the final guideline on investment for the country's massive pension fund yesterday, effectively opening the gate for more diversified and riskier products. "The official PMI to be released on September 1 will be closely watched by the market," said ANZ in a note to clients. "Activities remain sluggish while the risk of deflation has not abated with PPI falling for 41 consecutive months. We expect a RRR cut in Q3 followed by an interest rate cut". Investors rushed to dump shares amid fears that hard landing risks in China are rising after a slew of policy incentives failed to bolster economic performance, the Post reported. Shanghai's gains for the year have been erased and the index is now in negative territory in 2015.

Among the 993 that halted trading, 126 firms announced trading halt spontaneously while the rest fell by the single day trading limit. The situation is also similar in Shenzhen. Chinese shares have been in near free-fall since scaling a 7-year peak on June 12. Warnings against what it called "malicious short selling" by the government and billions of yuan in stimulus measures announced by Beijing to prop up the market has failed to stem the rout. The three-week fall of both Shanghai and Shenzhen since June 12 erased nearly USD 4 trillion in value from both markets. The morning's selling spree is estimated to have erased another USD 1 trillion of market value, the Post said. In the June-July crash over 20 million small investors deserted the stock markets despite a series of steps announced by the government to infuse confidence in the markets, which staged a recovery of sorts amid infusion of capital by state-run financial institutions. China also devalued its currency by about four per cent amid the economic slowdown as GDP hovered around seven per cent. The move was largely interpreted as an attempt to boost sagging exports. An IMF forecast of the Chinese economy said it will grow at 6.8 per cent which is lower than the 7 per cent target set by the government. In its recent World Economic Outlook update, the IMF forecast the Chinese economy to grow 6.3 per cent in 2016 and 6 per cent for 2017.

BIGGEST EVER FALL FOR SENSEX

Aug 24, 2015

The BSE Sensex today closed the day at 25,741.56, down 1,624.51 points -- marking the biggest-ever carnage it has received historically. Interestingly, seven out of the top-10 falls in the markets took place in 2008. But today's fall is the biggest intra-day crash since January 21, 2008 and biggest-ever single-day fall. Following are the 10 biggest single-day falls at close: August 24, 2015: 1,624.51 points
January 21, 2008:     1,408.35 points
March 17, 2008:           951.03 points
March 3, 2008 :            900.84 points
January 22, 2008:        875.41 points
February 11, 2008:       833.98 points
May 18, 2008:              826.38 points
March 13 2008:            770.63 points
December 17, 2007:     769.48 points
March 31, 2008:           726.85 points

Following are the 10 biggest intra-day falls for Sensex:

January 22, 2008:     2,272.93 points
January 21, 2008:     2,062.20 points
August 24, 2015 :      1,741.35 points
October 24, 2008:     1,204.88 points
October 10, 2008:     1,088.60 points
March 17, 2008:        1,022.25 points
February 11, 2008:    1,007.15 points
October 27, 2008:     1,003.68 points
October 8, 2008:          954.48 points
July 6, 2009:                953.61 points

7 OF 10 BIGGEST CRASHES ON MONDAY ONLY

It was a 'Black Monday' again in markets today and history shows that seven out of the ten biggest carnages on Dalal Street has taken place on a Monday! This strange coincidence holds true for biggest crashes in terms of intra-day movements as well as the closing levels of the market benchmark Sensex. The Sensex today closed for the day at 25,741.56, down 1,624.51 points -- marking the biggest ever mauling it has received historically. The second highest closing fall for the markets was also on a Monday, January 21, 2008, when it closed for the day down 1,408.35 points. March 17, 2008, a Monday again, saw a decline of 951.03 points, the third highest and March 3, 2008, which was also a Monday incidentally, saw a fall of 900.84 points, the fourth highest on record. Out of the ten biggest falls at closing levels, seven has been on Mondays, two on Thursdays and one on Tuesday. In terms of intra-day crashes, today's 1,624.51 points fall is the third biggest ever since the 2,272.93 points fall on January 22, 2008 and 2,062.20 points in January 21 (a Monday). Out of ten intraday fall, six were on Mondays, two were on Fridays, one each on Tuesday and Wednesday. In the worst-ever carnage in stock market, benchmark Sensex today crashed by 1,624.51 points and nearly Rs 7 lakh crore got wiped out from the investors' wealth as rout in Chinese stocks triggered a global sell-off. The intra-day fall was even larger at 1,741.35 points -- the third biggest ever and highest in over seven years since January 21, 2008, even as Finance Minister Arun Jaitley and RBI Governor Raghuram Rajan, among others, sought to allay the fears and said fundamentals of Indian markets remain strong. 

SENSEX CRASH TABLE
Interestingly, eight out of the top-ten intra-day falls took place in the year 2008. Today's fall is biggest since October 24, 2008.
Following are the ten biggest ever intra-day falls for Sensex so far:
January 22, 2008: 2,272.93 points
January 21, 2008: 2,062.20 points
October 24, 2008: 1,204.88 points
August 24, 2015: 1,153.16 points
October 10, 2008: 1,088.60 points
March 17, 2008: 1,022.25 points
February 11, 2008:1,007.15 points
October 27, 2008: 1,003.68 points
October 8, 2008: 954.48 points
July 6, 2009: 953.61 points

 

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Outlook for Week 17.08.2015 to 21.08.2015

PRESENT POSITION : 8300 (-218)

Nifty lost more than 2.50’% in view of the Yuan Depreciation , which has affected the entire world market.

20DMA, 50DMA, 100DMA and 200 DMA are placed at about 8457,, 8425,, 8402 and 8412 respectively and would act as supports / resistances. Nifty is trading  below  all   the  averages  which is a matter of  concern.

While Nifty continues to trade above  the  200 DMA and 50 DMA too is  above  200 DMA (Golden Cross) suggesting that the Bullish   trend is   in    tact.

Technical Levels ::

For the coming week, Nifty spot is expected to be Bullish above 8375 with

resistance at 8350, 8425, 8500  and is expected to Bearish below 8225 with Supports at 8150, 8075, 8000

Breakout level for the week is 8600 and the Breakdown level      for the week is 8150..... 

Advice for Traders ::

However, While the long term trend is bullish, Medium term would once again turn bullish only if Nifty is able sustain above 8550 for about Two weeks. Nifty would face  resistance around 8600, above which it will have real bullishness and has strong support around 8000 too. .  

Weekly Open level is very important for the entire week.
Long  positions may be considered  as long as it maintains above
the Last week’s High.

Planetary Position...

Moon would be transiting  from  Aslesha 2^nd PAda    in Scorpio   to Aslesha 3rd  Pada in Cancer. To Sravana 4^th Pada in Capricorn.

Sun transits in Makha 2nd Pada.to Makha 4 th  Pada in Leo.

Mercury   transits  in  Uttara 2^nd  PAda  to . Uttarashada 4^th  Pada in Leo.

Venus transits in Retro motion in  Aslesha in 3 rd  Pada to aslesha 4^th  Pada  from 25^th July to 6^th September.

Mars transits in  Pushyami  4th Pada.  to  Aslesha  1st Pada.

Saturn moves into Direct motion and transits in   Anuradha constellation in Scropio sign in 1^st Pada  and in Leo Navamsa .

Jupiter ,, transits in  Leo in Makha constellation in 3 rd   Pada  in Taurus  Navamsa. To  Makha 3^rd PAda in Gemini  .Navamsa.

Rahu and Ketu continue their transit in Virgo and Pisces respectively.

Venus retrograde motions is a cause for concern .

eCOMMERCE MINTS MONEY

The global e-commerce industry generates over USD 1.2 million every 30 seconds, with a major chunk of the sector's revenue being cornered through social media, says a joint study by Assocham-Deloitte. Facebook, Pinterest and Twitter contribute USD 5,483, USD 4,504 and USD 4,308 respectively every half-a-minute to the figure. The study report added that the maturity of social media and its reach across masses and classes makes it a suitable platform for online sales. Social media pages provide information regarding new products in the market, user reviews and ratings of the product, recommendations and IT products, it said. "Social media helps e-tailers to build brand awareness by responding to customer queries. Seasonal sales and offers are displayed in social networks to reach maximum number of people. "E-tailers have even started to motivate customers with reward points to provide feedback on the product on social networks," Assocham Secretary General D S Rawat said. According to analysts, product reviews and ratings, as well as product recommendations, were the most popular social commerce features integrated into leading e-commerce sites. "Social networks have direct links to e-commerce sites, which provide complete product description, availability status, pricing and delivery information, and access to product reviews and ratings, all of which help prospective buyers to make a purchase," the study pointed out. Besides, payment gateways help the e-tailers receive money instantly rather than waiting for the Cash on Delivery payments, thus reducing chances of theft and fraud, it said. The retailers are slowly moving towards payment gateways for improving security and dealing with other complexities which arise with financial transactions. Banks as well as the e-tailers are offering different offers like cashback and Equated Monthly Installment (EMI) to encourage customers for card-based payments. The availability of e-commerce applications on various mobility devices is helping to drive sales and revenue. E-tailers like Flipkart, Amazon and Jabong now get 50 per cent of their revenues from consumers shopping on their mobile phones, the study added.

SMALL STOCKS - BIG RETURNS

The mid-cap and small-cap indices of the BSE have outperformed the blue-chip index so far this year and given big returns to investors. An analysis of the three indices shows that the mid-cap index this year rose 13 per cent, or 1,319.51 points, to 11,453.78, followed by the small-cap index with 5.47 per cent, or 610.38 points, to 11,766.78. On the other hand, gain in the blue-chip index has been just 2 per cent, or 567.89 points, to 28,067.31 in 2015. The 30-share index touched its all-time high of 30,024.74 on March 4, 2015.
The S&P BSE mid-cap index scaled its historic high level of 11,666.24 on August 10 and small-cap index touched its record peak of 12,203.64 on August 5.
Market analysts said that small and mid-caps suffer the most during times of uncertainty and crisis due to weaker balance sheets, which reflect in their stock prices as well, but when equities perform smartly, smaller stocks make big gains than the front-lines.
Smaller stocks are generally bought by local investors, while overseas investors focus on blue-chip shares, they said.
Retail investors are major participants in mid-cap and small-cap stocks.
Improvement in demand and profitability would help smaller stocks continue to outperform the large-caps going forward, analysts noted.
The mid-cap index tracks companies with a market value that is on an average one-fifth of blue-chips or large firms. Small-cap firms are almost a tenth of that.
Overseas investors, key driver of the Indian stock market, have invested a net amount of Rs 43,715 crore in equities and Rs 39,207 crore in the debt market since January 2015.

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Bullish above 8640  ….. !!!

Outlook for Next Week :: (17.08.2015 to     21.08.2015) …

NIFTY :: 8515 (--50)

Nifty lost more than 0.50’% despite huge uptrend of about 2% on Friday. Chinese currency devaluation spoiled the entire world markets. Further, Monsoon session washed out without any passage of bills.  WPI inflation was the lowest in the Four yesars.  

20DMA, 50DMA, 100DMA and 200 DMA are placed at about 8495,, 8401,, 8427 and 8385 respectively and would act as supports / resistances. Nifty is trading  above  all   the  averages  which is a matter of  joy.

While Nifty continues to trade above  the  200 DMA and 50 DMA too is  above  200 DMA (Golden Cross) suggesting that the Bullish   trend is   in    tact.

Technical Levels ::

Bullish above 8600 with resistance at 8675, 8750, 8825

Bearish below 8450 with Supports at 8375, 8300, 8225

Breakout level for the week 8675 Breakdown level 8275..... 

Advice for Traders ::

However, While the long term trend is bullish, Medium term would once again turn bullish only if Nifty is able sustain above 8550 for about Two weeks. Nifty would face  resistance around 8650, above which it will have real bullishness.

Weekly Open level is very important for the entire week.
Long  positions may be considered  as long as it maintains above
the Last week’s High.

Planetary Position...

During the current week Moon would be transiting  from  Uttarashadha 1 st Pada   in Leo to Aslesha 3rd  Pada in Cancer. To SWathi 4^th Pada in Libra.

Sun transits in Aslesha  4^th Pada.to Makha2nd Pada in Leo.

Mercury   transits  in  Pubba 3^rd  Pada to . Uttarashada 1^st Pada in Leo.. . .

Venus transits in Retro motion in  Aslesha in 4th Pada to aslesha 3^rd Pada  from 25^th July to 6^th September.

Mars transits in  Pushyami  3^rd Pada.  To  Pushyami 4 th Pada..

Saturn moves into Direct motion and transits in   Anuradha constellation in Scropio sign in 1^st Pada  and in Leo Navamsa .

Jupiter ,, transits in  Leo in Makha constellation in 2^nd  Pada  in Taurus  Navamsa. To  Makha 3^rd PAda in Gemini Navamsa.

Rahu and Ketu continue their transit in Virgo and Pisces respectively.

Venus retrograde motions is a cause for concern .

SUNDAR PICHAI NEW CEO OF GOOGLE

India-born Sundar Pichai will be the new CEO of Google under a major restructuring at the technology giant, as co-founder Larry Page lauded the IIT alumnus' "progress and dedication" and said it is "time" for him to take over the company's reins. In a surprise and significant re-organisation, Page announced the formation of a new parent company Alphabet Inc which will replace Google as the publicly-traded entity and all shares of Google will automatically convert into the same number of shares of Alphabet, with all of the same rights. Google will become a wholly-owned subsidiary of Alphabet, which will have Page as CEO and co-founder Sergey Brin as President. Pichai, 43, who was previously in-charge of product and engineering for Google’s Internet businesses, will be the CEO of the "slightly slimmed down" Google. He received a B.Tech. from the Indian Institute of Technology, Kharagpur and holds an M.S. in Engineering and Materials Science from Stanford University and an MBA from the Wharton School. He had joined Google in 2004 as its vice president of product management, where he led the team working on Google's Chrome browser and operating system. In a blog post yesterday, Page lauded Pichai for his work at the company and said he feels "very fortunate" to have someone as "talented" as Pichai to "run the slightly slimmed down Google and this frees up time for me to continue to scale our aspirations". "This new structure will allow us to keep tremendous focus on the extraordinary opportunities we have inside of Google. A key part of this is Sundar Pichai," Page said. Waxing eloquent about Pichai, Page said, "Sundar has been saying the things I would have said (and sometimes better!) for quite some time now, and I've been tremendously enjoying our work together." "He has really stepped up since October of last year, when he took on product and engineering responsibility for our Internet businesses. Sergey and I have been super excited about his progress and dedication to the company. And it is clear to us and our board that it is time for Sundar to be CEO of Google," Page said. Pichai joins a gradually growing list of Indian-origin technology and business executives working their way up to head multi-billion dollar worth American giants. In February last year, Satya Nadella was named Microsoft CEO, becoming the tech giant's only third chief executive after Steve Ballmer and Bill Gates in its 40-year history. PepsiCo's CEO is also India-born Indra Nooyi and MasterCard is headed by Ajay Banga. Last year, New Delhi-born Rajeev Suri was made CEO of phone company Nokia. Anshu Jain was till recently the co-CEO of Deutsche Bank.

JOINS SELECT BAND

As the new CEO of a re-organised Google, India-born Sundar Pichai has joined an elite league of over a dozen Indian origin persons holding top posts at global corporations with collective turnover of about USD 400 billion. In a significant restructuring at Google, Pichai has been named the new CEO of the technology giant after the company co-founder Larry Page announced the formation of a new umbrella firm Alphabet, of which Google will be a part. Page himself will be Alphabet CEO.
Pichai, 43, has joined the league of Indra Nooyi, Lakshmi Mittal, Ajay Banga, among many other Indian-origin persons at the helm at large conglomerates headquartered abroad.
Meanwhile, Microsoft CEO Satya Nadella, was the first to congratulate Pichai. Nadella tweeted on Pichai's elevation at the company, writing in the micro-blogging site "Congrats @sundarpichai well deserved."
There are many other Indians heading the businesses at relatively smaller companies abroad, specially in IT sector, but at least 12 large companies have got India-born chief executives.
These include Microsoft (Satya Nadella), PepsiCo (Indra Nooyi), ArcelorMittal (Lakshmi Mittal), Diageo (Ivan Menezes), Reckitt Benckiser (Rakesh Kapoor), MasterCard (Ajay Banga), DBS Group Holdings (Piyush Gupta), SanDisk (Sanjay Mehrotra), Global Foundries (Sanjay Jha), Cognizant (Francisco Dsouza) and Adobe (Shantanu Narayen).
International magazine Time once termed CEOs as India’s leading "export" and said that the subcontinent could be "the ideal training ground for global bosses".
While Google reported a USD 66 billion revenue in 2014, Microsoft had recorded turnover of over USD 86 billion last year, PepsiCo's annual revenue stood at nearly USD 67 billion in 2014, ArcelorMittal's annual revenue stood at USD 79.26 billion, Diageo had USD 21 billion, Reckitt Benckiser USD 13.75 billion and SanDisk at USD 6.62 billion.
In the past, giants like Citigroup, Vodafone, Motorola and Deutsche Bank have also had Indian-origin CEOs.
Moreover, former Google Executive Nikesh Arora, who is currently President of Japanese telecom major SoftBank, is likely to be its next CEO as SoftBank's founder and chief executive Masayoshi Son has chosen Arora to be his successor.
According to human resource experts, the significant rise of India-born executives at global companies can largely be attributed to the technical skills and the behavioural patterns which make them very much adaptable to any kind of situation they come across.
Experts believe that Indians’ focus on good education and ability to work in difficult situations are aiding to this rising trend and more and more Indians could rise to top positions at global companies in near future.

CHENNAI BORN

Indian techies often change their names when they start working in the US and so did P Sundarrajan, but not all become Sundar Pichai -- the new CEO of global technology giant Google.
43-year-old Pichai, who expanded his initials and shortened his name after shifting to the US, began his career with Google in 2004 as a "low-key" manager and colleagues say there is no single Googler who did not like him ever.
From working on the Google toolbar, to the very successful Chrome browser, IIT-Kharagpur graduate Pichai became a clear number-two to the then CEO Larry Page last year and was made the CEO of a re-organised Google today.
While at Google, he also refused a job offer from Twitter, the popular social media platform which was today flooded with posts to congratulate him.
Prime Minister Narendra Modi also congratulated him.
Known to be a shy person, Pichai was very selective in saying "thanks", and those to whom he replied included Microsoft CEO Satya Nadella, another Indian-origin person who has hit it big in the US, and Apple CEO Tim Cook.
"I remember him being very focused and studious in school. He left after class X to join another school," said P Subramaniam, who was one year senior to Pichai at Vana Vani Matriculation School in Chennai.
"I remember him being very quiet and reserved", he said.
Born and raised in Chennai, Pichai studied till Class X at Vana Vani Matriculation School located in IIT campus here. Later he completed Class XII from Jawahar Vidyalaya at Ashok Nagar area of the city.
Pichai did B.Tech from IIT-Kharagpur, after which his teachers suggested him to go for a PhD. He, however, decided to pursue MS from Stanford University, and an MBA from the University of Pennsylvania.
He joined Google in 2004 as its vice president of product management, where he led the team working on Chrome browser and operating system.
Before joining Google, he also worked at McKinsey and Applied Materials.

KOCHI FIRST CITY IN INDIA TO GET WTCF MEMBERSHIP

Kochi has become the first city in India to be a member of Beijing-headquartered World Tourism Cities Federation (WTCF) Council, with the Kerala Tourism Department accepting the Council's invitation to join its league of leading tourism cities across the world. Kochi Mayor Tony Chammany handed over the membership acceptance document to Chinese Ambassador to India Le Yucheng at a function here today in the presence of Chief Minister Oommen Chandy, Chief Secretary Jiji Thomson, Kerala Tourism Secretary G Kamala Vardhana Rao and Tourism Director P I Sheik Pareeth. State Principal Secretary for IT and Industries P H Kurian and Former Secretary T Balakrishnan also attended the function. Speaking on the occasion, Yucheng said the two regions need to explore the possibilities for partnerships in culture, sports and tourism as there are many striking similarities between their cultures, like the cuisine, martial arts and snake and dragon boat races. The Chinese Ambassador also expressed interest in bringing investment from China to Kerala's tourism sector, especially for construction of an entertainment city and an oceanarium. He urged the government to convene a meeting of tour operators of both countries while agreeing to support Kerala's efforts to increase inflow of Chinese tourists to the state. He also responded positively to Kerala's request to facilitate chartered flights from China to the state. Chandy said the state government would send a detailed proposal to Beijing on various investment possibilities in Kerala, including in the tourism sector.

MFs FOCUS ON DIRECT PLANS

A number of mutual fund houses are focusing on 'direct plan' mode to sell their schemes, a move that may maximise the returns for the investors as against regular plans involving distributors. Under the direct plan mode, investors can directly invest in mutual fund schemes without involving distributors or agents. They are required to visit fund house website and follow the process to invest in such schemes. Since no fees would have to paid to distributors, expense ratio would be lower as compared to regular plans, which would eventually give higher returns to investors. Almost all the mutual fund houses provide direct plans, while big ones like HDFC MF, Reliance MF, ICICI Prudential MF, Axis MF, UTI MF and Birla Sunlife MF are planning to increase their shares through this route. Besides, Quantum Mutual Fund only deals in direct plans.

Most of these fund houses have specialised teams to look into these plans. In addition, they are adopting digital modes such as internet and mobiles to sell their MF products.
"Direct plans are purchased directly from MF houses, bypassing the distributor channel. The savings on commission are passed on to investors and fund houses do not have to give any fee to agents. Therefore, it is a win-win situation for Asset Management Companies (AMCs) as well as investors," Quantum Mutual Fund CEO Jimmy Patel said.
He said that institutional investors and high networth individuals (HNIs) are opting for direct plans as they are far more capable at taking informed investment decisions.
Further, retail investors are also shifting to these plans as awareness about their benefits have increased.
However, another MF expert said, "direct plans are only suited to those investors, who have sound financial knowledge and those who want to invest into simple schemes."
Patel said that direct plans are much more popular in the debt segment, mainly liquid funds. The agent's fee for liquid schemes is much lower than for equity funds and other debt schemes but the amount of investment in these funds is much larger. Overall, institutional investors and HNIs are opting for debt schemes, while retail investors are getting attracted towards equity schemes. Direct plans have come into existence since 2013 after the capital markets regulator Sebi asked fund houses to provide informed investors with direct access to MF schemes. Currently, there are 44 fund houses with an assets base of over Rs 13 lakh crore at the end of July.