Sunder’s List

Roundup: S&P +1.03%, Dow +0.80%, Nasdaq +0.97%, Gold $1,364.70, London +0.53%, Germany +0.34%, France +0.56%. Nikkei +1.12%

Time to get bullish on Indian power producers? Power companies will soon be able to pass on some portion of their increased costs to consumers. (FT) [stockquote]ADANIPOWER[/stockquote] [stockquote]TATAPOWER[/stockquote]

Most Indian companies are yet to comply with the SEBI norms to increase their free float to 25% by 3 June 2013. BNP Paribas estimates that $2-2.1 billion of equity share sales are necessary for all companies with less than 25% free float (or 10% for PSUs) to be compliant with the guidelines in a span of next 14 days or so. (ET)

Investing is an unusual profession: perhaps the only one where amateurs have a good shot at beating the pros. However, evidence suggests that amateurs don’t. (BI)

Goldman Sachs in search of more muppets: introduces a fund that democratizes access to equity long-short, dynamic equity, event-driven and credit, relative value, tactical-trading, and opportunistic fixed income strategies. (SA)

Good luck!

 

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