Current news & Rumours in the mkt

[praveen taneja]

sail might buy out ispat ind
sail evaluation inspat inds for likely buy out Rumour in the mkt

 

[praveen taneja]

Three-month borrowing costs nearly doubled from the previous sale in Portugal's last debt auction of the year on Wednesday, reflecting persistent investor concerns about the debt-ridden country.
devang s: Bond vigilantes will target Portugal and force the country to seek a bailout within a month, but Spain will not need to turn to its European peers for help, Piers Curran, head of trading at Amplify Trading told CNBC

 

[AMOL007]

" Nifty likely to scale new peaks; Sensex may test 21K soon " :- Shankar Sharma [ PAIDAISHE BEAR] PAIDAISHE BEAR ab Bull Bangaya kya ? , something Fishy . :!:rofl:

 

[prst]

" Nifty likely to scale new peaks; Sensex may test 21K soon " :- Shankar Sharma [ PAIDAISHE BEAR] PAIDAISHE BEAR ab Bull Bangaya kya ? , something Fishy . :!:rofl:

if he says 21k, then it will hit 18k soon

 

[praveen taneja]

mkts down on rumour that DMK may withdraw support from Govt
Manmohan Singh says inflation "serious threat" to growth ...Reuters

 

[hitesh]

FM's checklist for Budget 2011

Most budgets are dominated by tax rates and high finance. But Budget 2011 will be dominated by inflation and corruption, the current two political hot potatoes. Finance Minister Pranab Mukherjee will have to announce tax and administrative changes to curb prices and black money. At the same time, he will try to enthuse investors by restricting fiscal deficit to maybe 5% this year and 4.5% next year, well below existing targets.

http://economictimes.indiatimes.com/quickiearticleshow/7416830.cms

 

[timepass]

mkts down on rumour that DMK may withdraw support from Govt

That's not much of a threat actually, since the congress has the numbers to go it alone. DMK can't really break up the UPA presently - it is too weak and battered itself.

Manmohan Singh says inflation "serious threat" to growth ...Reuters

Now that seems like a statement designed to cause alarm. Also, to me, it shows MMS's callous attitude towards inflation. He is not concerned so much about the inflation, but about his favorite "growth rate". But yes, this statement can cause the people to lose faith further in the government. But to cause panic in the markets? Doesn't wash. To me the downslide seems contrived too.

 

[baludalal]

good discussion. very much awakening

 

[timepass]

Just saw on headlinestoday .

The government may reduce the taxes on crude and diesel in the forthcoming budget.

 

[praveen taneja]

After almost two year starting posting here


UK workers suffer sharpest wage fall of any developed country as business leaders warn the pain is far from over
By Rachel Rickard Straus


Real wages dropped by 4.5 per cent between 2007 and 2011, leaving workers with smaller incomes at a time of rising costs for basic necessities such as food, fuel, gas and electricity - not to mention housing costs.

This marks a considerably sharper squeeze than the 2.7 per cent fall in Italy or 0.7 per cent drop in Japan, according to the report from the TUC
http://www.thisismoney.co.uk/money/...age-fall-developed-country.html#ixzz2NH7QMOEf