15th june > @ 17412 > BULLS ENTER

[sudoku1]

Re: The Market Mirror

U S BENIFTS FROM us?????


Applying this yardstick to Indias plans of installing 40,000 MWs of nuclear power in the next 20-30 years, it is clear that the nuclear deal will mean a business of $80 billion for the lucky ones who win the contract. Allowing for the price escalation in later years, the figure may even exceed $100 billion, enough to inject adrenalin into the economy of the countries in which the supplier firms are located.

Remember, this does not take account of the requirements of components and spares, financing of service and maintenance and royalties on technologies all of which may assure a steady flow of $10-20 billion more for the supplier firms during the life-time of the reactors. Certainly not a prospect to be sneezed at. As regards the intangible benefits to the US, an article Americas Strategic Opportunity with India by Mr R. Nicholas Burns, US Under-Secretary of State for Political Affairs and the point man for all that concerns the nuclear deal, published in the November-December issue of Foreign Affairs, gives an authentic exposition.

First and foremost, the deal is calculated to serve the national security interests of the US by bringing India into the international nuclear non-proliferation mainstream; second, it will not assist the countrys nuclear weapons program in any way; third, it gives the US control over the newly-to-be-built facility to reprocess spent fuel as it can operate only as per the specific arrangements and procedures laid down by the US; fourth, should India decide to conduct a nuclear test in the future, then the US would have the right under US law to seek the return of all nuclear fuel and technology shipped by US firms; and, finally, an increasingly powerful India represents a singularly positive opportunity to advance (the US) global interests.

Why would the US not pitch for it?

 

[sudoku1]

Re: 17465 Stoploss For Sensex Bulls

Rally set to continue

European markets made good gains on Friday, and the US indices shot up. Asian markets are also strong this morning, with the Hang Seng up over a thousand points at one time. The global short-term trend is clearly up now. T






The number of Hotline stocks at 200-day highs went up from 28 to 54, while the number at 200-day lows remained zero. The number at 5-day highs went up from 111 to 153, while the number of at 5-day lows dropped from 16 to 9. The 240 stocks averaged a gain of 2.43%.



The sensex had been making large swings inside a very wide range for the last two weeks.

with the indices closing at the top of the range at the end of the week, and more gains expected today.

Several international markets had entered intermediate downtrends recently, but we are seeing a fairly global strong rally, and the global downtrend may well be ending.



The major trends of Bharat Forge and Sun Pharma turned up on Friday.

Londons FTSE-100 and Tokyos Nikkei are in long term (major) downtrends, while most of the other global indices are in major uptrends.

The FIIs bought $52.8 million of stocks on Thursday, and the MFs acquired $176.6 million worth. The FIIs are currently averaging daily sales of $78.1 million over the last five sessions, while the MFs are buying at an average rate of $39.4 million.

European markets made good gains on Friday, and the US indices shot up. Asian markets are also strong this morning, with the Hang Seng up over a thousand points at one time. The global short-term trend is clearly up now. This should lead to a strong start here today.

A few global markets are in intermediate downtrends, but these should be about to end given the strength of the global rally. Most major trends remain up.

The Dow rose 134.78 points (0.99%) to 13,806.70, and the NASDAQ composite went up 53.33 points (1.94%) to 2,804.19.

now...bulls...exit 50 % of lng positons nly if sensex closes below 17465...till then.....ENJOY THE UPTREND !!!

 

[sudoku1]

Re: The Market Mirror

RUPEE GAINS ????
While the rising rupee continues to pinch exporters and sections of the domestic manufacturing sector, a host of other firms are taking advantage of the strengthening domestic currency and raking in the moolah.

Transmission major Power Grid Corporation of India Ltds net profit for the first quarter of the current fiscal was boosted nearly 44 per cent on account of a reduction in interest and finance charges on foreign currency loans, a company official said. As on June 30, the favourable exchange rate of the rupee vis--vis the dollar, Swiss franc and other currencies translated into a reduction of Rs 198.34 crore in interest and finance charges. As on June 30, PGCIL had Rs 6,059.69 crore equivalent of foreign currency borrowings outstanding.

Tata Steel, for the second quarter of the current fiscal, reported forex gains of Rs 90.31 crore from unrealised exchange difference on foreign currency borrowings, partly offsetting its rising interest costs.

Software services firm iGATE Global Solutions incurred a lower interest expense of Rs 65 lakh during the first quarter of the current fiscal, compared to Rs 68 lakh in the corresponding period last year, on an unsecured foreign currency loan of $11 million from holding company iGATE Corporation.

Chemicals firm Jubilant Organosys Ltd reported a doubling of consolidated second quarterly net profit this fiscal, with the companys foreign currency loans acting as a hedge against the appreciating rupee in the quarter, resulting in a gain of Rs 28.9 crore.

According to analysts, gas distributors such as Gujarat Gas will derive currency gains from dollar-denominated gas procurement prices.

For the $15-billion gems and jewellery sector, which is a key export segment, raw materials are cheaper with the strong rupee. The sector eyes 8-10 per cent growth this year.

 

[sudoku1]

Grey Market Premiums

Grey Market premiums on Monday, 1.30 PM are: Reliance Power Rs 53-54, Mundra Port Rs 360-370, Religare Enterprise Rs 315-325, Varun Industries Rs 47-49, Empee Distilleries Rs.80-82, Allied Computer Rs 17-18 and Barak Valley Cement Rs.24-25.

 

[sudoku1]

Re: 17465 Stoploss For Sensex Bulls

The benchmark Sensex extended its gains to sixth straight day, inching closer towards the 20,000 mark, zooming 616 points during morning trend on the back of strong global cues. Driven by a strong surge in bank, capital goods and metal shares, th e BSE 30-share Sensex opened with a gain of 378 points and later hit an all-time peak of 19,984.18, a net rise of 741.01 points over Friday's close of 19,243.17. It later fell marginally due to profit selling and was quoted at 19,912.53 at 1.05 pm.

The broader S&P CNX Nifty of the NSE also jumped to a new peak of 5,913.75 before being quoted at 5,897.30 at 1.05 pm, a gain of 195 points from previous close of 5,702.30.

Asian indices were quoted up in a range of 0.75 per cent to 3.5 per cent during early trade following a strong close on Wall Street last weekend.

Despite Friday's provisional net sales of Rs 1,237.35 crore by Foreign Institutional Investors (FIIs), the market rallied sharply on sustained purchases by domestic investors. Domestic Institutional Investors reported net purchases of Rs 965.96 crore on Friday. Investors seemed optimistic about rate cut ahead of the RBI's mid-term review of annual policy on October 30 as well as the US Federal Reserve meeting on October 31.

bulls....hold on to the band wagon till sensex closes below 17465 & xit only on a close below 17465

 

[sudoku1]

Re: The Market Mirror

Oil market is truly on the boil. Evidence of a further tightening of the crude oil market continues to mount with fall in the US crude inventories and deteriorating stock position in Europe. The market is clearly facing a deficit. Moving further into the last quarter, the deficit threatens to expand. Experts assert the current high prices are justified by fundamentals and the door to further increases remains open.

Last week, Front month WTI settled above $90 a barrel for the first time in trading history; and later pushed above $ 92/barrel. Front month Brent also closed at an al time high. The combination of worsening fundamentals and mounting geopolitical tensions has created a platform for a sharp push up in prices.

Winter demand is nearing. OPECs decision to raise output by 500,000 barrels a day from November 1 is seen inadequate; and in any case insufficient to cool the current market sentiment.

 

[sudoku1]

Re: The Market Mirror

free for free????
Consider this. You are a senior-level executive working for a mid-sized firm. You earn approximately Rs 3 lakh per month or Rs 10,000 per day. Saturdays and Sundays are holidays. So, you get paid on those days too, even if you do not work. The CEO now wants you to work on Saturdays. You are offered free lunch on that day. You accept the offer and eagerly look forward for the free lunch. What if the CEO offers to pay you Rs 2,500 instead of providing free lunch? Would you be willing to work on Saturdays? If you behave like a typical human being, you may refuse the offer. Why?

Rationale behind free lunches


The reason is that our mind is not geared to make rational economic decisions all the time. In the above case, a free lunch has more value to you than Rs 2,500. You feel insulted with the Rs 2,500-offer, as you already earn Rs 10,000 per day. Yet, you are economically better off with Rs 2,500 on Saturdays than a free lunch that may cost no more than Rs 500.

But we do not decide on alternatives so rationally. Besides, we like things that are free. We hardly evaluate the cost incurred to get the freebie. It is the same behaviour that we see in the stock market. Stock prices move up when companies announce stock-dividends (bonus shares). Why?

People like to receive free shares. In the process, they bid-up the stock price. Assume that the stock is now trading at Rs 50. A one-for-one bonus announcement will push the stock towards Rs 100. Why? People who sell are foregoing the right to get the free share. So, if you are buying, you need to compensate the seller for the loss. But why do we buy a share at twice the original price and then get a free share from the company? The reason is that we are lured by free lunches, just as the senior-level executive we saw at the beginning of this article!

 

[amitt29]

Re: 17465 Stoploss For Sensex Bulls

You mean you dont book profit if you went long at 5000,Nifty,i am sure its not a good strategy.

Its going to be very interesting.

 

[sudoku1]

Re: The Market Mirror

Mukesh Ambani is world's richest man .......WOW !!!!!!





Billionaire Mukesh Ambani today became the richest person in the world, surpassing American software czar Bill Gates, Mexican business tycoon Carlos Slim Helu and famous investment guru Warren Buffett, courtesy the bull run in the stock market.

Following a strong share price rally on in his three group companies, India's most valued firm Reliance Industries, Reliance Petroleum and Reliance Industrial Infrastructure, the net worth of Mukesh Ambani rose to $63.2 billion (Rs 2,49,108 crore).

In comparison, the net worth of both Gates and Slim is estimated to be slightly lower at around $62.29 billion each, with Slim leading among the two by a narrow margin.

The five richest people in the world with their net worth

1. Mukesh Ambani ($63.2 billion)

2. Carlos Slim Helu ($62.2993 billion)

3. William (Bill) Gates ($62.29 billion)

4. Warren Buffett ($55.9 billion)

5. Lakshmi Mittal ($50.9 billion)

Warren Buffett, earlier the third richest in the world, also dropped one position with a net worth of about $56 billion.

Ambani's wealth of about Rs 2,49,000 crore includes about Rs 2,10,000 crore from RIL (50.98% stake), Rs 37,500 crore from RPL (37.5%) and Rs 2,100 crore from RIIL (46.23%).

Slim's wealth has been calculated on the basis of his stake in companies like America Movil (30%), Carso Global (82%), Grupo Carso (75%), Inbursa (67%), IDEAL (30%) and Saks Inc (10%).

According to information available with the US and Mexican stock exchanges where these companies are listed, Slim currently holds shares worth a total of $62.2993 billion, with more than half coming from Latin American mobile major America Movil. Slim is closely followed by Gates with a net worth of $62.29 billion currently.

Earlier last month, US business magazine Forbes had named Gates as the richest American with a net worth of $59 billion, calculated as on August 30. The magazine had said that a movement of $2 in the share price for Microsoft, the world's biggest software maker, could "add or subtract $1 billion" from his wealth.

Since August-end, Microsoft's share price has risen by $6.58 (based on yesterday's closing on Nasdaq at $35.03), which results into a gain of $3.29 billion in Gates' wealth based on Forbes assumption.

Besides a stake in Microsoft, Gates' wealth also includes the commission and license fees earned by him and gains through his shares in an investment holding company that invests across the market.

Gates is followed by Buffett at the fourth place in the league of the world's richest with a net worth of $55.9 billion through his holding in his investment vehicle Berkshire Hathaway and in other companies. At the end of August, Buffett's wealth stood at $52 billion, as per the Forbes magazine. Berkshire Hathaway's share price has gained by about 7.5% since then.

Earlier on September 26, Ambani had overtaken steel czar Lakshmi Mittal to become the richest Indian in the world.

Mittal currently ranks as the fifth richest in the world with a net worth of $50.9 billion through his 44.79% stake in world's biggest steel maker ArcelorMittal.

While most of Mittal's wealth comes from his steel empire, though he has also spread his wings into businesses like oil and real estate, those of Ambani and Gates are mostly through petrochemicals and software respectively. However, Buffett and Slim are making money from investments across a host of sectors.

 

[amitt29]

Re: The Market Mirror

http://www.business-standard.com/common/storypage_c_online.php?leftnm=11&bKeyFlag=IN&autono=29448