Greater Kashmir

SRINAGAR | August 01, 2014, Friday

BUSINESS

S

tock market is a place which
is loaded with surprises.
It’s purely unpredictable.
G e n e ra l a c t i o n s a n d
attitudes of market players
describe sentiment of the market. It’s
either spirited and burly or sluggish.
And this nature of the market is
described by the terms ‘bull’ and
‘bear’. These are the most common
terms which we hear almost every day
in stock market investment bulletins.
While discussing ‘bull’ and ‘bear’
in the local context, I am sure most
Sajjad Bazaz
of our local investors are not aware
what these terms actually signify and
how important message they are actually carrying for them.
Basically, ‘bull’ and ‘bear’ are, of course, widely common
terms but what they mean in the context of describing
market conditions is not so easy. These terms indicate the
direction of the market and this direction is a major force
affecting an investment portfolio. So it's important for the
investors, particularly the local investors to know exactly
what the ‘bull’ and ‘bear’ actually denote and how they affect
them.
In other words, the terms ‘bull’ and ‘bear’ are simply
indicators to the investors showing whether the stock
markets are appreciating or depreciating in value. These
terms at the same time also denote the attitude of investors
towards the market and the ensuing trend. Notably, it’s the
market sentiment which locks investors into a bull or bear
situation. This market sentiment is the psychology of those
who participate either individually or collectively in the
market transactions. Basically, it’s investor psychology and
sentiment which are fundamental to whether the market
will rise or fall. So, stock market performance and investor
psychology are mutually dependent.
Now, let’s first understand a bull market. In simpler
terms, a bull market refers to a market that is going upwards,
means a market on the rise. Under bull conditions, there is
a sustained increase in share prices and a dose of faith is
infused among the investors that the uptrend will continue
in the long term. In other words, a market is described bullish
when everything in the market is going great and prices of
stocks are rising. Here, things are simply just glowing.
In a bull market, investors show enthusiasm in buying
stocks; while very few are ready to sell them. This increases
the demand for stocks leading to rise in share prices. Here
everyone is interested
and willingly participating
in the transactions of the
A common
market having hope of
consensus of this
obtaining a profit. Notably,
bull market means people
bull and bear
having more money and
theory describing
willing to spend it. This
kind of spending drives and
the sentiment of
strengthens the economy.
the market has
On the other hand, a bear
market means a condition
listed its origin
which is totally opposite to
to the animal
the bull market. This means
market is facing downward
behavior. The
trend as the share prices
terms are linked to are continuously dropping.
This continuous drop in the
the way in which
value of shares forces the
each animal (bull
investors to believe that
decline of the market
& bear) attacks its the
will continue in the long
opponents. When run. This means a tough
for investors to
one gets gored by a situation
pick profitable stocks.
bull, one is usually Notably, bear market is not
at all a good condition for
getting launched
the economy, as it leads
to slowdown in economic
into the air. And
activities and rise in
when one is
unemployment.
attacked by a bear, In a bear market, there’s
weak demand while more
it's coming down
investors are looking to sell
their stocks. This leads to
on him from its
drop in share price. So,
standing position. here the sentiment is
negative as investors are
In other words, a
beginning to shift their
bull will thrust its
money out of shares to
some other low risk fixed
horns up into the
instruments. They return to
air, while a bear will the market only when they
spot a positivity returning
swipe down.
to the market. Precisely,
bear market conditions
shake investors’ confidence, which forces them to keep
their money out of the market and in turn, this investors’
attitude depreciates the value of the stock market.
Since the stock market and the economy are strongly
connected, in bear market conditions most businesses
suffer on profitability front because consumer spending
witnesses decline. The low profitability directly affects the
way the market values stocks.
An interesting question arises here – why the terms ‘bull’
and ‘bears’ are used to describe the upward or downward
trend of the market respectively? A common consensus
of this bull and bear theory describing the sentiment of
the market has listed its origin to the animal behavior. The
terms are linked to the way in which each animal (bull &
bear) attacks its opponents. When one gets gored by a
bull, one is usually getting launched into the air. And when
one is attacked by a bear, it's coming down on him from its
standing position. In other words, a bull will thrust its horns
up into the air, while a bear will swipe down.
Now, what to do in a bull or bear market? Investment
experts describe a bull market as an ideal condition for an
investor to take advantage of rising prices by buying early
in the trend and then selling them when they have reached
their peak. Even as it’s almost impossible to determine
exactly the bottom and the peak of the market, the investors’
tendency to believe that the market will rise can help them to
spot the bottom of a bullish trend. Experts opine that during
the bull market, an investor can actively and confidently
invest in more equity with a higher probability of making a
return.
In a bear market, the chance of losses is greater because
prices are continually losing value. However, investors can
make money when stocks are falling using technique of
short selling. An investor can wait on the side lines until he
feels that the bear market conditions are nearing to an end,
only starting to buy in anticipation of a bull market.
In succinct, whether bull or bear markets, both will have
a large influence over the investors. It’s their hard earned
money which remains parked in the stocks of different
companies in the market. So, the basic thing is that investors
should invest their money in stocks of quality companies.
As long as an investor does his research and knows the
real value behind a company, he doesn’t get scared of its
price fluctuations. Warren Buffet, one of the most successful
investors of the past 30 years, has said: “We simply attempt
to be fearful when others are greedy and to be greedy only
when others are fearful.”

INVESTMENT

MATTERS

twitter.com/GreaterKashmir_

Corporation
makes profits in
4th year in a row
GK NEWS NETWORK

Srinagar, July 31: Minister for
Finance, Abdul Rahim Rather
today announced that the government will enhance the authorized share capital of Jammu &
Kashmir State Financial Corporation to Rs 500 crore from the
present Rs 100 crore.
The minister, who is also
chairman of the corporation,
said the SFC will explore the
possibility of issuing fresh bond
series, after due credit analysis
by a credible rating agency, to
increase its capital base.
Addressing its 54th Annual
General Meeting at Banquet
Hall here, Rather said that after
facing the worst ever financial
crisis for about two decades,
the corporation has once again
transformed into a credible
financial institution with its
net worth of Rs 25.24 cr in 2010.

He said the joint effort of all
the stakeholders, the state government, SIDBI, participating
financing institutions, Management and staff ,under the
revival plan, has enabled the
corporation to settle its whopping overdue liabilities of Rs
176.99 cr with SIDBI and other
bond holders leaving behind a
liability of just Rs 7 cr, which is
expected to be cleared shortly,
an official statement said.
He said the Corporation has
achieved a distinction of clearing the backlog of its audited
annual accounts up to 2013-14
and is consistently in profit
for the fourth year in a row He
said plans are now afoot to penetrate the funding business in
the MSME and allied sectors in
an aggressive manner.
Rather said that the corporation has registered a profit of
Rs 407.23 lakh during 2013-14 as
against a profit of only Rs 0.78
lakh during the previous year
despite the fact that the corporation had to meet the liability of
Rs 104.58 lakh pertaining to the
previous year.

Epson hosts enVision
in Srinagar
Srinagar, July 31: Epson
today conducted its enVision program, a Technology Carnival, aiming to
delight visitors with the
latest and leading digital imaging solutions for
home, office, business and
beyond.
Epson is a visionary company committed to developing technologies that
enhance multiple aspects of
people's lives, the company
in a statement said.
“It is these technologies
which are showcased for
customers to experience in
a single fantastic experiential setting,” it said.
Home theatre projectors,
the futuristic personal head
mount display, revolutionary new ink tank printers, large format graphic
printers and many more
products were showcased
for everyone to experience
and enjoy.
With a Home Theatre
Projector zone, a photo
zone with a photo contest,
the event provided consumers an incredible opportunity to learn, connect, and
have fun.
The show was open to
general public and business visitors including
System Integrators, the IT

Channel, Corporates, and
niche business segments like
photo labs, photographers,
architects, bankers, educationists, signage, etc.
enVision was held at Hotel
Broadway, Maulana Azad
Road, here.
The event received good
response from general public
as well as business partners,
it said.

He said though the corporation has no line of credit
available at the moment, it has
been able to continue with its
lending activity from out of its
internal revenue generation
comprising of recoveries only
adding that the Corporation has
sanctioned loans to the tune of
Rs 20.65 cr and disbursed loans
amounting to Rs 11.31 cr with
recoveries aggregating to Rs
19.55 cr during 2013-14.
He informed the AGM of

the shareholders that the Corporation has made a headway
in the direction of restoration
of refinance from SIDBI adding
that the Corporation has also
been nominated as a channelizing agency of National Minorities Development Corporation
(NMDC) to provide fund support
to the minority community on
easy terms.
“Bothe these initiatives will
enable the Corporation to take
in hand the funding activity of

New Delhi, July 31: The cabinet today decided to write off Rs
59.74 crore interest amount to be
paid by the Jammu and Kashmir Government to the staterun FCI for purchase of food
grains on credit in 1999-2002.
“The cabinet cleared the
Food Ministry’s proposal to
write off interest amount of Rs
59.74 crore to be paid by J&K to
FCI,” sources said.
The interest amount accrued
as on October 1, 2013 has been

waived off for the State Government, while the State had
demanded the complete waiver

UNIVERSITY OF KASHMIR

OFFICE OF THE PRINCIPAL DISTRICT INSTITUTE OF
EDUCATION & TRAININGS SRINAGAR BEMINA
ATTENTION PRINCIPALS/ HEAD MASTERS
OF DISTRICT SRINAGAR

ADMISSION NOTIFICATION NO. 12
For
Self Financed Seats (MFC, MTHM, IMBA,
BA LL.B & B.Pharm) Session 2014
On-line applications are invited from the candidates who have appeared
for the Entrance Examination/applied for admission to MFC, MTHM,
IMBA, BA-LL.B, & B.Pharm Programmes/Courses (session 2014)
and are interested to seek admission under "Self Financed Seats" quota.
The candidates shall;
i) Download their Application Forms online by accessing University
website at www.kashmiruniversity.net. The details for admission under
Self financed seats quota are reflected in the Prospectus-2014, available
on University website;
ii) Deposit payment of Rs. 500/- (non-refundable) reflected on Pay-in-Slip
in any of the FINNACLE branches of the Jammu and Kashmir Bank;
iii) Submit the hard Copy of the application form (Downloaded On-Line)
along with the fee receipt of Rs. 500/- in the office of the concerned Dean
of the Faculty by or before 07.08.2014.
iv) Specify the Campus/College preferences (if any).

The DIET Srinagar had conducted zone wise SMDC trainings of 2013-14 in the month of
March 2014 but most of the institutional and locality members failed to participate in the said
programme. In order to eguip the left out SMDC members with different interventions of RMSA
Scheme, a fresh none wise training programme is scheduled under. As such all the Principals
/ Head Masters are hereby directed to depute those SMDC locality as well as institutional
members who have not participated in the previous programme of march 2014. Besides
the head of the intuitions are also directed to submit the list of local as well as institutional
members indicating their Name, Residence Edu. Qualification, Designation, port folio in SMDC,
Contact No. Bank Branch & SB-16 digit Account No. to this office within in weeks time from the
publication of this notice. Any deviation shall be viewed seriously.

Sd/- Assistant Registrar
(Academic Affairs)

Tele/Fax: 0194-2433760, 2433590, 2437647 (Srinagar): 01912479371, 2470102 (Jammu)

Website: http://www.jakbopee.org, Email: administrator@jakbopee.org
Baghat-i-Barzulla, Opposite J&K Bank, Srinagar-190005 (May – Oct.) & 4th
Floor, South Block, Bahu Plaza, Jammu-180012 (Nov. – April)

In continuation to this office Notification No. 73-BOPEE of 2014 Dated: 19-072014, it is hereby notified for information of all permanent residents of J&K State
who are eligible and desirous of appearing in the Entrance Test for admission to
B. Ed. Course for the Academic Session 2014-15 in the Government College of
Education, Canal Road, Jammu that the date for submission of online application
form has been extended up to 6th of August, 2014.
The Confirmation Page for online application forms along with prescribed
photographs, required attested copies of documents/certificates and J&K Bank
Draft/Bank Challan shall have to be submitted at BOPEE office Jammu/Srinagar
upto 7th of August, 2014 without any late fee and on 8th of August, 2014 with
the prescribed late fee of Rs. 1000/- (Rupees one thousand only) in the form of
non-refundable J&K Bank Draft
drawn in favour of the FA/CAO, BOPEE payable at Jammu/Srinagar or HDFC
Bank Challan of the said amount.
Thereafter, no online application form (confirmation page) will be accepted
whether submitted by hand or by post.
Important Note: Candidates who have submitted their applications online but
not submitted the Confirmation Page and other required documents at BOPEE
offices are hereby informed that their online applications shall not be entertained
/accepted until they submit the Hard Copy of their Confirmation Page, other
required documents & Bank Draft/Challan at the BOPEE office Jammu/Srinagar
on or before the last date of submission of the Applications. Further, candidates
who’s Permanent Resident certificate (PRC) is under process can also apply
for the Test provided they submit their PRC/State Subject by or before the
declaration of Result for B.Ed. Entrance Test-2014.

Venue

Iddgah

6th & 7th Aug 2014

BHSS Nowkadal

Zaldagar

6th & 7th Aug 2014

MP School Srinagar

Srinagar

8 & 9 Aug 2014

HSS Jawahar Nagar

Nishat

8 & 9 Aug 2014

MS Gupta Ganga

Hawal

11th & 12th Aug 2014

BHSS Zadibal

Gulabagh

11th & 12th Aug 2014

MS Hazratbal

Rainawari

18 & 19 Aug 2014

HSS Rainawari

Batamaloo

18th & 19th Aug 2014

GHS Chatabal

th

th

th

th

th

th

Sd/- Principal DIET Srinagar

CIRCULAR

Sub: Refund of extra premium payment for J&K Mediclaim Insurance
Policy for Gazetted Employees of the State.
The Mediclaim Insurance Policy for Gazetted Employees was implemented
w.e.f 31-03-2014 vide Government Order No. 96-FD of 2014 dated 31-032014. In terms of the policy a Gazetted Employee along with five dependents
are covered for Health Insurance coverage for an amount of Rs. 5 lac on
floater basis, on payment of premium of Rs. 6081/- per annum.
The policy inter-alia provides that in case both the husband and wife or any
other dependent are Gazetted employees, the premium shall be payable
by any one of them.
It has come to the notice of Finance Department that in some departments
the DDOs have deducted premium from the salaries of both officers (husband/
spouse) and their applications for refund of extra premium are pouring in
the Finance Department Accordingly all the Drawing and Disbursing Officers
(DDOs] are requested to furnish the full details of those cases where the
premium has been deducted from husband/wife or any other dependent
member from the same family to the Nodal Office, Finance Department with
documentary proof within one month to enable the department to refund
the extra premium. The request for refund of extra premium directly to the
Nodal Officer with out the authentication of the concerned DDO shall not be
entertained.
Matter needs to be treated as most urgent.

ERRORS AND OMISSIONS EXCEPTED

003

Dates

GOVERNMENT OF JAMMU AND KASHMIR
CIVIL SECRETARIAT: FINANCE DEPARTMENT

(Notification No. 80-BOPEE of 2014 Dated: 31-07-2014)

Sd/- (Zahoor Ahmad Butt)
Under Secretary
J&K BOPEE

Secondary/Higher Secondary
Schools Falling in Zone

DIPK 4469

EXTENSION OF DATE FOR SUBMISSION OF ONLINE APPLICATION
FORM FOR APPEARING IN B.ED. (JAMMU) ENTRANCE TEST-2014

No: BOPEE/Adm-05/2014
Dated: 31-07-2014

of Rs 70 crore, sources added.
The Food Corporation of
India (FCI) had supplied food

grains on credit between 1999
and 2002 to J&K.
The State Government has
already paid the cost of food
grains and had requested the
Centre to write off the interest
payment.
Early this month, State
Chief Minister Omar Abdullah had met Union Food Minister Ram Vilas Paswan seeking
complete waiver of Rs 70 crore
interest on payment due to the
FCI, an official statement said.

GOVT OF JAMMU AND KASHMIR

THE J&K BOARD OF PROFESSIONAL
ENTRANCE EXAMINATIONS

(The views are of the author & not the instition he works for.
Feedback at sajjadbazaz@greaterkashmir.com)

Institutions ,and appreciating
the strenuous efforts put in by
Directors, management and the
staff of the corporation , Rather
said that the journey of rejuvenating and reviving the Corporation, which was set in motion
with adoption of its Revival Plan
in February, 2010, has successfully touched several prescribed
mile-stones adding that it is now
gaining further momentum with
every passing day.
He said that JKSFC has been
the premier financial institution
of J&K State which has to its
credit bringing up a number of
first generation entrepreneurs.
He urged all the stake holders to
continue their endeavour till the
objective of restoration of golden
past of the Corporation is fully
achieved.
After holding threadbare discussion, the AGM of the share
holders of the corporation
adopted the balance sheet and
profit and loss account for the
year 2013-14 along with the 54th
Annual report of the Board of
Directors on the working of the
corporation.

Cabinet writes off `60 cr interest to JK Govt

OFFICE OF THE DEAN ACADEMICS AFFAIR

No.F (Admission 2014) DAA/KU/14
Dated:-24.07.2014

MSME and micro enterprises on
a fast track basis to give boost
to the creation of employment
opportunities for the youth of
the state,” Rather added.
Rather said as a result of continuous monitoring and followup, the standard portfolio of the
Corporation has reached Rs.
33.53 crore as on 31.03.2014 as
compared to Rs. 12.93 crore as
on 31.03.2011.
He said the NPA management in the current sector
is very effective and is being
monitored very tightly by the
Board of Directors adding that
the fresh loans are not allowed
to slip into NPAs. Simultaneously the Corporation makes
every effort to reduce old NPAs
through various measures
including settlement under
DRC mandate, auction of mortgaged un-revivable assets and
also filing of recovery suites in
respect of hard-core defaulters
While expressing acknowledgement for the valuable support, guidance and cooperation
received from State Government, SIDBI, other Financial

003

“We simply attempt to be fearful when
others are greedy and to be greedy only
when others are fearful.”

facebook.com/DailyGreaterKashmir

Govt for enhancing authorized
capital of SFC to `500 crore

DIPK 4479
003

Of bull & bear
markets

epaper.GreaterKashmir.com

15

Sd/Shakeel Ul Rehman KAS
Special Secretary to Government Finance Department