tag:blogger.com,1999:blog-49778680932606579062024-03-08T10:16:48.419+05:30Sensex UpdatesWe are India s leading financial information source and provides news, views, and analysis on equity / stock markets, sensex, nifty, commodities, personal finance, mutual funds, insurance and loans.Unknownnoreply@blogger.comBlogger860125tag:blogger.com,1999:blog-4977868093260657906.post-3167489050553348972023-04-27T13:15:00.001+05:302023-04-27T13:44:40.215+05:304 Ways to Monitor Your Indian Mutual Funds and Stock Portfolio Under One Platform<br /><br /> As an investor in India, it's common to have a diverse portfolio consisting of mutual funds and stocks from various companies. Keeping track of these investments can be a daunting task, especially when you have to monitor multiple platforms for different securities. Fortunately, there are ways to simplify the process and monitor your entire portfolio under one platform. In this post, we'll explore some of the best ways to do so.Mutual Fund Utility (MFU) platform:<br /><br /><ol style="text-align: left;"><li>The Mutual Fund Utility (MFU) platform is a free online platform offered by the Association of Mutual Funds in India (AMFI). The platform allows investors to invest in, redeem, and switch between various mutual fund schemes offered by different fund houses. Additionally, MFU provides a consolidated view of your investments across mutual fund schemes and fund houses. You can register for an account on the MFU website and link your mutual fund holdings to the platform.</li><li>CAMS or Karvy KRA platform: CAMS (Computer Age Management Services) and Karvy KRA (KYC Registration Agency) are authorized by SEBI to act as KYC registration agencies for mutual fund investors. These platforms also offer a portfolio tracking service that allows investors to view their mutual fund holdings across different fund houses. You can register for an account on the respective websites and link your mutual fund holdings to the platform.</li><li>Brokerage platforms: Most brokerage platforms in India offer a portfolio tracking feature that allows investors to view their holdings across different stocks, mutual funds, and other securities. You can consider using the portfolio tracking feature offered by your brokerage platform to monitor your entire portfolio in one place.</li><li>Third-party portfolio tracking tools: There are several third-party portfolio tracking tools available in the market that allow investors to track their investments across different asset classes and platforms. These tools offer features like automated data sync, performance tracking, and tax reporting. Some popular third-party portfolio tracking tools in India include Moneycontrol, Groww, and Paytm Money.</li></ol><br />Regardless of the platform you choose, make sure to link all your investments, including SIP transactions and dividend reinvestment, to the platform for an accurate view of your portfolio.<br /><br />In conclusion, monitoring your Indian portfolio of mutual funds and stocks under one platform is possible and can help simplify your investment tracking. Consider exploring the platforms mentioned above and choose the one that best suits your needs. Happy investing!<div class="blogger-post-footer"><script language="JavaScript" type="text/javascript">
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</script></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4977868093260657906.post-40545787899699082742022-11-23T19:21:00.003+05:302023-04-27T13:44:40.883+05:30നിങ്ങളുടെ നിക്ഷേപ ചക്രവാളം നിങ്ങൾ ചിന്തിക്കുന്നതിനേക്കാൾ ദൈർഘ്യമേറിയതാണ്<p> 2017 ൽ, എത്യോപ്യയിൽ വച്ച്, 50 വയസ്സുള്ള കനേഡിയൻ സ്ത്രീയെ ഞാൻ കണ്ടുമുട്ടി . “എന്റെ പണം ഉപയോഗിച്ച് എനിക്ക് വലിയ റിസ്ക് എടുക്കേണ്ടതുണ്ട്,” അവര് പറഞ്ഞു</p><div>“കാരണം ഞാൻ 15 വർഷം മാത്രമേ നിക്ഷേപം നടത്തുകയുള്ളൂ. എനിക്ക് എനിക്ക് 65 വയസ്സുള്ളപ്പോൾ വിരമിക്കണം. ” </div><div>എന്നിരുന്നാലും, അവര് 65വയസ്സില് വിരമിക്കുകയാണെങ്കിൽ, അവരുടെ നിക്ഷേപ കാലാവധി 15 വര്ഷം അല്ല, അത് മനസ്സിലാക്കുന്നതിൽ അവര് പരാജയപ്പെട്ടു. 85 വയസ്സ് വരെ അവര് ജീവിക്കുന്നുവെങ്കിൽ, അവരുടെ നിക്ഷേപ കാലാവധി 35 വർഷമായിരിക്കും. നിക്ഷേപകാലത്തിന് രണ്ട് ഘട്ടങ്ങളുണ്ട്. അനാവശ്യ അപകടസാധ്യതകൾ അവര് എടുക്കരുതാത്തത് അതുകൊണ്ടാണ്.</div><div><br /></div><div>ആദ്യത്തേത് ഒരു സഞ്ചയ ഘട്ടമാണ്. ഇപ്പോഴാണ് നമ്മള് ജോലിചെയ്ത് നമ്മുടെ നിക്ഷേപങ്ങളിൽ പണം ചേർക്കുന്നത്. രണ്ടാം ഘട്ടം വിരമിക്കലാണ്</div><div>(അല്ലെങ്കിൽ വിതരണം). നമ്മള് വിരമിക്കുന്ന ദിവസം നമ്മള് വിൽക്കുന്ന ദിവസമല്ല. നമ്മുടെ പണം നിക്ഷേപമായി സൂക്ഷിക്കേണ്ടതുണ്ട്, അതിനാൽ നമ്മള് നമ്മുടെ ജീവിതച്ചെലവ് നികത്താൻ അതിന്റെ കഷണങ്ങൾ വിൽക്കാൻ കഴിയും. ആ പണം വളർന്നു കൊണ്ടിരിക്കുന്നതിലൂടെ അതിന്റെ വരുമാനം നമുക്ക് തുടര്ന്നും കിട്ടി കൊണ്ടിരിക്കും </div><div>അതുകൊണ്ടാണ് 50 വയസ്സുള്ള നിക്ഷേപകന്റെ സമയ ചക്രവാളം 35 വയസ്സ് ആകുന്നത്. </div><div>അല്ലെങ്കിൽ കൂടുതൽ. 40 വയസ്സുള്ള നിക്ഷേപകന്റെ സമയ ചക്രവാളം 45 വര്ഷമോ അതില് കൂടുതളോ ആകാം.</div><div class="blogger-post-footer"><script language="JavaScript" type="text/javascript">
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</script></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4977868093260657906.post-60089158092227094432020-07-15T13:42:00.000+05:302023-04-27T13:44:41.062+05:30എന്തുകൊണ്ടാണ് ഓഹരി വിപണിയുടെ ശരാശരി വരുമാനം സ്ഥിരമല്ലാതാവുന്നത്<div>30 വർഷത്തെ വിവിധ നിക്ഷേപ കാലയളവുകള് നോക്കിയാൽ ആഗോള ഓഹരി വിപണിയുടെ പ്രതിവർഷ വരുമാനവര്ദ്ധന ശരാശരി 9 മുതൽ 11 ശതമാനം വരെ ആയിരിക്കും . എന്നാൽ വരുമാനവര്ദ്ധന ആ പരിധിക്കുള്ളിൽ കൃത്യമായി വരുന്ന കലണ്ടർ വർഷം വളരെ അപൂര്വ്വമായി മാത്രമേ കാണാന് പറ്റു.</div><div><br /></div><div><div>എന്റെ ജീവിതകാലത്ത്, ഇത് ഒരിക്കൽ സംഭവിച്ചു. 2010 ൽ ആഗോള ഓഹരികൾ 10.07 ശതമാനം നേട്ടം കൈവരിച്ചു. </div><div><br /></div><div><div>യുഎസ് ഓഹരി വിപണിയിലും ഇത് സമാനമാണ്. 1926 നും 2016 നും ഇടയിൽ മൂന്ന് തവണ യുഎസ് ഓഹരികൾ, 9 മുതൽ 11 ശതമാനം വരെ കലണ്ടർ വർഷത്തിലെ നേട്ടങ്ങൾ രേഖപ്പെടുത്തി.</div><div> 1968 ൽ അവർ 11 ശതമാനം നേട്ടമുണ്ടാക്കി; </div><div>1993 ൽ അവർ 10.1ശതമാനം നേട്ടം കൈവരിച്ചു;</div><div> 2004 ൽ അവർ 10.9 ശതമാനം സമ്പാദിച്ചു. </div><div>ബാക്കി സമയം, ഓഹരികൾ കുതിച്ചുയർന്നു, മുങ്ങി, അല്ലെങ്കിൽ ചിതറിപ്പോയി.</div></div><div><br /></div><div><div>1926 നും 2016 നും ഇടയിൽ യുഎസ് ഓഹരികൾ ശരാശരി 9.89 ശതമാനം നേട്ടമുണ്ടാക്കി, എന്നാൽ വാര്ഷിക പ്രകടനങ്ങൾ ചാഞ്ചാടുകയായിരുന്നു. </div><div>24 തവണ യുഎസ് ഓഹരികൾ വാർഷിക നഷ്ടം രേഖപ്പെടുത്തി. മറുഭാഗത്ത്, 24 കലണ്ടർ വർഷങ്ങളിൽ ഓഹരികൾ 25 ശതമാനമോ കൂടുതലോ നേട്ടമുണ്ടാക്കി.</div><div><br /></div><div>ശ്രദ്ധിക്കുക പട്ടിക 1.2 ലെ വാര്ഷിക പ്രകടനങ്ങൾ. </div><div>ഓഹരി വിപണിയിലെ ചാഞ്ചാട്ടം സാധാരണമാണ്. അത്</div><div>എല്ലായ്പ്പോഴും അങ്ങിനെ തന്നെ ആയിരിക്കുകയും ചെയ്യും.</div></div><div><br /></div><div>പട്ടിക 1.2 എസ് & പി 500 വാർഷിക വരുമാനം: 1926–2016</div><div>SOURCE: Bogleheads.org; Morningstar.com.</div><div><br /></div><div><table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 320px;">
<colgroup><col span="5" style="width: 48pt;" width="64"></col>
</colgroup><tbody><tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt; width: 48pt;" width="64">11.62%</td>
<td align="right" style="width: 48pt;" width="64">1926</td>
<td align="right" class="xl63" style="width: 48pt;" width="64">18.98%</td>
<td align="right" style="width: 48pt;" width="64">1972</td>
<td style="width: 48pt;" width="64"></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">37.49%</td>
<td align="right">1927</td>
<td align="right" class="xl63">-14.66%</td>
<td align="right">1973</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">43.61%</td>
<td align="right">1928</td>
<td align="right" class="xl63">-26.47%</td>
<td align="right">1974</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">-8.42%</td>
<td align="right">1929</td>
<td align="right" class="xl63">37.20%</td>
<td align="right">1975</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">-24.90%</td>
<td align="right">1930</td>
<td align="right" class="xl63">23.84%</td>
<td align="right">1976</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">-43.34%</td>
<td align="right">1931</td>
<td align="right" class="xl63">-7.18%</td>
<td align="right">1977</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">-8.19%</td>
<td align="right">1932</td>
<td align="right" class="xl63">6.56%</td>
<td align="right">1978</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">53.99%</td>
<td align="right">1933</td>
<td align="right" class="xl63">18.44%</td>
<td align="right">1979</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">-1.44%</td>
<td align="right">1934</td>
<td align="right" class="xl63">32.42%</td>
<td align="right">1980</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">47.67%</td>
<td align="right">1935</td>
<td align="right" class="xl63">-4.91%</td>
<td align="right">1981</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">33.92%</td>
<td align="right">1936</td>
<td align="right" class="xl63">21.55%</td>
<td align="right">1982</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">-35.03%</td>
<td align="right">1937</td>
<td align="right" class="xl63">22.56%</td>
<td align="right">1983</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">31.12%</td>
<td align="right">1938</td>
<td align="right" class="xl63">6.27%</td>
<td align="right">1984</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">-0.41%</td>
<td align="right">1939</td>
<td align="right" class="xl63">31.73%</td>
<td align="right">1985</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">-9.78%</td>
<td align="right">1940</td>
<td align="right" class="xl63">18.67%</td>
<td align="right">1986</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">-11.59%</td>
<td align="right">1941</td>
<td align="right" class="xl63">5.25%</td>
<td align="right">1987</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">20.34%</td>
<td align="right">1942</td>
<td align="right" class="xl63">16.61%</td>
<td align="right">1988</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">25.90%</td>
<td align="right">1943</td>
<td align="right" class="xl63">31.69%</td>
<td align="right">1989</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">19.75%</td>
<td align="right">1944</td>
<td align="right" class="xl63">-3.10%</td>
<td align="right">1990</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">36.44%</td>
<td align="right">1945</td>
<td align="right" class="xl63">30.47%</td>
<td align="right">1991</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">-8.07%</td>
<td align="right">1946</td>
<td align="right" class="xl63">7.62%</td>
<td align="right">1992</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">5.71%</td>
<td align="right">1947</td>
<td align="right" class="xl63">10.08%</td>
<td align="right">1993</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">5.50%</td>
<td align="right">1948</td>
<td align="right" class="xl63">1.32%</td>
<td align="right">1994</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">18.79%</td>
<td align="right">1949</td>
<td align="right" class="xl63">37.58%</td>
<td align="right">1995</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">31.71%</td>
<td align="right">1950</td>
<td align="right" class="xl63">22.96%</td>
<td align="right">1996</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">24.02%</td>
<td align="right">1951</td>
<td align="right" class="xl63">33.36%</td>
<td align="right">1997</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">18.37%</td>
<td align="right">1952</td>
<td align="right" class="xl63">28.58%</td>
<td align="right">1998</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">-0.99%</td>
<td align="right">1953</td>
<td align="right" class="xl63">21.04%</td>
<td align="right">1999</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">52.62%</td>
<td align="right">1954</td>
<td align="right" class="xl63">-9.10%</td>
<td align="right">2000</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">31.56%</td>
<td align="right">1955</td>
<td align="right" class="xl63">-11.89%</td>
<td align="right">2001</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">6.56%</td>
<td align="right">1956</td>
<td align="right" class="xl63">-22.10%</td>
<td align="right">2002</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">-10.78%</td>
<td align="right">1957</td>
<td align="right" class="xl63">26.68%</td>
<td align="right">2003</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">43.36%</td>
<td align="right">1958</td>
<td align="right" class="xl63">10.88%</td>
<td align="right">2004</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">11.96%</td>
<td align="right">1959</td>
<td align="right" class="xl63">4.91%</td>
<td align="right">2005</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">0.47%</td>
<td align="right">1960</td>
<td align="right" class="xl63">15.79%</td>
<td align="right">2006</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">26.89%</td>
<td align="right">1961</td>
<td align="right" class="xl63">5.49%</td>
<td align="right">2007</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">-8.73%</td>
<td align="right">1962</td>
<td align="right" class="xl63">-37.00%</td>
<td align="right">2008</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">22.80%</td>
<td align="right">1963</td>
<td align="right" class="xl63">26.46%</td>
<td align="right">2009</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">16.48%</td>
<td align="right">1964</td>
<td align="right" class="xl63">15.06%</td>
<td align="right">2010</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">12.45%</td>
<td align="right">1965</td>
<td align="right" class="xl63">2.11%</td>
<td align="right">2011</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">-10.06%</td>
<td align="right">1966</td>
<td align="right" class="xl63">16.00%</td>
<td align="right">2012</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">23.98%</td>
<td align="right">1967</td>
<td align="right" class="xl63">32.39%</td>
<td align="right">2013</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">11.06%</td>
<td align="right">1968</td>
<td align="right" class="xl63">13.69%</td>
<td align="right">2014</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">-8.50%</td>
<td align="right">1969</td>
<td align="right" class="xl63">1.38%</td>
<td align="right">2015</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">4.01%</td>
<td align="right">1970</td>
<td align="right" class="xl63">11.96%</td>
<td align="right">2016</td>
<td></td>
</tr>
<tr height="20" style="height: 15pt;">
<td align="right" class="xl63" height="20" style="height: 15pt;">14.31%</td>
<td align="right">1971</td>
<td align="right" class="xl63"><b>9.89%</b></td>
<td colspan="2"><b>Average Return</b></td>
</tr></tbody></table></div><div> ശ്രദ്ധിക്കുക: ബ്രാക്കറ്റുകളിലെ ശതമാനം നഷ്ടം കാണിക്കുന്നു.</div></div><div class="blogger-post-footer"><script language="JavaScript" type="text/javascript">
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Member Benefits include Free Unlimited Access to 1,100+ IT, Cyber Security, Project Management and Business Skill video based courses with University Certificates of Completion. And the ability to earn up to 257 PDUs and 30 College Credits.</h3>
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<span itemprop="datePublished" style="box-sizing: inherit;">JANUARY 09, 2016</span></div>
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Today CareerAcademy.com Inc, the pioneer and global leader in video based career development training courses, announced the launch of its innovative <a href="http://vip.careeracademy.com/" rel="nofollow" style="box-sizing: inherit; color: #0c6389; text-decoration: none; transition: opacity 0.1s ease-in-out, color 0.1s ease-in-out;">Unlimited Access Learning Membership Program</a>. After 16 years of providing high quality career focused IT, Cyber Security, Project Management and Business Skill video based courses to students at the world’s top adult education training centers and universities, CareerAcademy.com has once again revolutionized the training industry with its Unlimited Access Learning Membership Program. The Unlimited Access Learning Membership Program provides learners with access to over 1,100+ IT, Cyber Security, Project Management and Business Skill video based courses enabling them to quickly acquire the skills they need to succeed in today’s ever changing technological workplace and gain the ability to validate their proficiency to employers and clients. Membership dues are $29 per year. </div>
<ul class="releaseul" style="box-sizing: inherit; color: #4e4e4e; font-family: Roboto, 'Helvetica Neue', Arial, sans-serif; font-size: 16px; line-height: 22px; list-style-type: none;">
<li style="background-attachment: scroll; background-clip: initial; background-image: url("/images/bullet.gif"); background-origin: initial; background-position: 0px 0.5em; background-repeat: no-repeat; background-size: initial; box-sizing: inherit; margin: 0.5em 0px; padding-left: 0.8em;">Unlimited access to tens of thousands of dollars’ worth of the industries finest IT, Cyber Security, Project Management and Business Skill video based courses for $29 per year.</li>
<li style="background-attachment: scroll; background-clip: initial; background-image: url("/images/bullet.gif"); background-origin: initial; background-position: 0px 0.5em; background-repeat: no-repeat; background-size: initial; box-sizing: inherit; margin: 0.5em 0px; padding-left: 0.8em;">The same content you see in the world’s most popular training centers and universities.</li>
<li style="background-attachment: scroll; background-clip: initial; background-image: url("/images/bullet.gif"); background-origin: initial; background-position: 0px 0.5em; background-repeat: no-repeat; background-size: initial; box-sizing: inherit; margin: 0.5em 0px; padding-left: 0.8em;">The ability to earn up to 257 PDUs and 30 College Credits towards Associates or Bachelors degrees</li>
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“The motivation behind this <a href="http://vip.careeracademy.com/" rel="nofollow" style="box-sizing: inherit; color: #0c6389; text-decoration: none; transition: opacity 0.1s ease-in-out, color 0.1s ease-in-out;">Learning Membership program</a> is to allow all people the opportunity to gain access to high quality career focused training without the high costs which in the past have been the main hurdle to acquiring the skills needed to master the technologies needed in today’s economy.” Stated Samson Chu CEO of Career Academy, “These are the very same courses which are being sold in training centers and universities as standalone courses for 100’s to 1000’s of dollars. It is rewarding to see how profound an impact the Learning Membership Program is having on the industry.”</div>
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About CareerAcademy.com Inc.</h4>
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Since 1999, Career Academy has consistently led the training industry in developing technology-based IT, Cyber Security, Project Management and Business Skill video based career development training courses that power the enterprise learning initiatives of the world's largest corporate and consumer training centers, universities, Fortune 500 corporations as well as government agencies. CareerAcademy.com gives students and organizations the ability to extract the maximum value from their training programs, at the lowest total cost, across every point in the information life cycle.</div>
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For more info about Career Academy's new unlimited access $29 annual membership benefits and how to enroll, please visit <a href="http://vip.careeracademy.com/">http://vip.careeracademy.com</a>. </div>
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<span style="font-family: Arial;">Local bourses after getting a soft start have lost some ground in tandem with Asian peers that are reeling under pressure as nagging fears about Europe's spreading debt crisis triggered massive sell off. The volatility has spiked up as the equity market march nearer to the expiry of March month Future & Option series. Local bourses are mainly feeling the heat coming from the Index Heavyweight as the market bellwether - Reliance Industries is trading lower by over 0.50%. Meanwhile, another index heavyweight Infosys also fell by over 1% after company received a subpoena from a grand jury in the US district court that requires the company to provide certain documents and records related the company's sponsorships for and uses of B1 business visas. Besides that, Realty stocks saw deepest cuts after DLF plunged over 4% post reporting nearly 20 per cent fall in net profit for the fourth quarter. On consolidated basis, the group has posted a net profit of Rs 344.54 crore for the quarter ended March 31, 2011 as compared to Rs 426.38 crore for the quarter ended March 31, 2010, down 19%. </span> </div>
<div align="justify">
<span style="font-family: Arial;">On the global front, overnight, the Wall Street closed lower for a third straight day amid continued concerns over the European debt crisis. Meanwhile, all the Asian Indices barring KLSE Composite were trading in the red. The US future indices too were showing a downtick in the screen trade. Back home, the 30 scrip sensible barometer index on Bombay Stock Exchange (BSE) though trading lower over 50 points was at sniffing distance of the physiological 18,000 mark, while the broadly followed 50 share index on National Stock Exchange (NSE) losing over 20 points was trading near its intra-day's low point. The broader indices were showcasing mixed trend similar to the previous trading session. Midcap Index lost over 10% and SmallCap Index enticed a gain of 0.05%. The overall market breadth was in the favour of declines which outpaced advances in the ratio of 1108:1019, while 99 shares remained unchanged. </span> </div>
<div align="justify">
<span style="font-family: Arial;">The BSE Sensex is currently trading at 17,935.17, down by 76.80 points or 0.43%. The index has touched a high and low of 17,976.36 and 17,905.29 respectively. There were 10 stocks advancing against 19 declining ones, while only a stock remained unchanged on the index. </span></div>
<div align="justify">
<span style="font-family: Arial;">The broader indices were trading mixed; the BSE Mid cap Index lost 0.14% and Small cap index gained 0.05%. </span></div>
<div align="justify">
<span style="font-family: Arial;">The only gaining sectoral indices on the BSE were, CD up by 0.81%, PSU up by 0.34%, HC up by 0.32%, FMCG was up by 0.04% and Metal up by 0.03%. While, Realty down by 1.39%, IT down by 0.99%, TECk down by 0.91%, CG down by 0.66% and Oil and Gas down by 0.52% were the top losers on the index. </span></div>
<div align="justify">
<span style="font-family: Arial;">The top gainers on the Sensex were Jindal Steel up by 0.99%, Tata Motors up by 0.72%, HDFC up by 0.62%, Sterlite Industries up by 0.34% and HDFC Bank up by 0.17%. </span></div>
<div align="justify">
<span style="font-family: Arial;">On the flip side, DLF down by 3.81%, Tata Power down by 1.50%, Bhari Airtel down by 1.47%, TCS down by 1.42% and L&T was down by 1.29% were the top losers on the index. </span></div>
<div align="justify">
<span style="font-family: Arial;">Meanwhile, the Indian Pharmaceutical industry has been witnessing phenomenal growth in recent years, driven by rising consumption levels in the country and strong demand from export markets. The pharmaceutical industry in India is estimated to be worth about $10 billion, growing at an annual rate of 9 percent. There are around 10,000 pharmaceutical manufacturers in India, producing bulk drugs and formulations, of which some 7,000 are SMEs, contributing 35 percent of the total domestic turnover of Rs 45,000 crore. </span></div>
<div align="justify">
<span style="font-family: Arial;">In order to enhance the performance in the domestic and export markets, the small and medium enterprises (SMEs) in the pharma sector are looking for government support on technology upgrade in manufacturing, brand promotion and marketing. The marketing and regulatory constraints are putting pressure on SMEs growth. To overcome this, the SMEs need financial support from the government. The opportunity is mainly in contract manufacturing, for both MNCs operating in India and Indian companies, which are looking to outsource manufacturing activities for the domestic market and focus on exports to regulated markets like the US and Europe. For which the SMEs first have to upgrade their capabilities to comply with manufacturing standards like Good Manufacturing Practices (GMPs) set by the Indian government and the World Health Organization (WHO). </span></div>
<div align="justify">
<span style="font-family: Arial;">Upgrading facilities according to the WHO-GMP and Indian GMP standards needs liberal funding from the government and some financial incentives, but without so many restrictions. The government has implemented financial assistance programmes like the Credit Linked Capital Subsidy Scheme (CLCSS) for technology up gradation of small-scale industries to enable them to comply with GMP standards with the revised Schedule M norms under the Drugs and Cosmetics Act. Besides, the government also announced a Pharmaceutical Technology Upgradation Assistance Scheme (PTUAS) that provides a 5 percent interest subsidy for SMEs to upgrade their facilities to WHO-GMP standards. </span></div>
<div align="justify">
<span style="font-family: Arial;">The SMEs also face the challenge of eligibility barriers, including fixed turnover limits and ORG rankings set by institutional buyers in their bidding process for medicine procurement. Small enterprises, which mainly rely on government and institutional supplies, could perform well if these restrictions are removed. Further, the government could also provide SMEs with soft loans for brand promotion. </span></div>
<div align="justify">
<span style="font-family: Arial;">The MSMEs constitute over 90% of total enterprises in most of the economies and are credited with generating the highest rates of employment growth and account for a major share of industrial production and exports. The contribution of SMEs to pharmaceutical units, output, investment, and employment is considerably higher than many other sectors. In the year 2011-12, the Indian domestic pharma market is expected to grow at a compounded annual growth rate (CAGR) of nearly 16%. Export market is also expected to grow much faster than the domestic market. </span></div>
<div align="justify">
<span style="font-family: Arial;">The S&P CNX Nifty is currently trading at 5,370.00, down by 24.85 points or 0.46%. The index has touched a high and low of 5,389.10 and 5,362.30 respectively. There were 14 stocks advancing against 36 declines on the index. </span></div>
<div align="justify">
<span style="font-family: Arial;">The top gainers of the Nifty were Sun Pharma up by 2.04%, Kotak Bank up by 1.33%, Jindal Steel up by 1.07%, Cairn India up by 0.93% and Tata Motors up by 0.86%. </span></div>
<div align="justify">
<span style="font-family: Arial;">DLF down by 3.95%, BPCL down by 1.86%, Reliance Capital down by 1.82%, Bharti Airtel by 1.61% and Tata Power was down by 1.56% were the major losers on the index. </span></div>
<div align="justify">
<span style="font-family: Arial;">All the Asian markets barring KLSE Composite were trading in the red; Shanghai Composite lost 0.46%, Hang Seng declined 0.55%, Jakarta Composite slid 0.28%, Nikkei 225 slipped 0.37%, Straits Times dropped 0.50%, Seoul Composite was down by 0.71%and Taiwan Weighted too was in red down by 0.02%. </span></div>
<div align="justify">
<span style="font-family: Arial;">On the flip side, KLSE Composite was the only gainer among the Asian pack and was trading up by 0.18%.</span></div>
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<a href="http://1.bp.blogspot.com/-PS1DW4Ppjhg/VokPYWxeEBI/AAAAAAAAN8o/-SqR1Xso-NA/s1600/PAN-Card-india.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="199" src="http://1.bp.blogspot.com/-PS1DW4Ppjhg/VokPYWxeEBI/AAAAAAAAN8o/-SqR1Xso-NA/s320/PAN-Card-india.jpg" width="320" /></a></div>
<div class="MsoSubtitle" style="line-height: 150%;">
<span style="font-family: proxima_nova_rgregular; font-size: 14.0pt; line-height: 150%;">Furnishing (Permanent Account
Number) PAN will be mandatory from Friday for cash transactions such as hotel
or foreign travel bills exceeding Rs50,000 - a move aimed at curbing the black
money menace. </span><o:p></o:p></div>
<div class="MsoSubtitle" style="line-height: 150%;">
<span style="font-family: proxima_nova_rgregular; font-size: 14.0pt; line-height: 150%;">Besides, PAN will be a must
for all transactions, including purchase of jewellery, above Rs 200,000 in cash
or through card with effect from January 1, 2016, the Finance Ministry of India
said in a notification.</span><o:p></o:p></div>
<div class="MsoSubtitle" style="line-height: 150%;">
<span style="font-family: proxima_nova_rgregular; font-size: 14.0pt; line-height: 150%;">PAN will also be mandatory
on purchase of immovable property of over Rs1 million. This will be a relief to
small home buyers as previously the government had proposed to make PAN mandatory
for property worth Rs500,000.</span><o:p></o:p></div>
<div class="MsoSubtitle" style="line-height: 150%;">
<span style="font-family: proxima_nova_rgregular; font-size: 14.0pt; line-height: 150%;">Quoting of Permanent Account
Number (PAN) will also be mandatory for term deposits exceeding Rs50,000 at one
go or Rs500,000 in a year with banks, Post Offices and NBFCs.</span><o:p></o:p></div>
<div class="MsoSubtitle" style="line-height: 150%;">
<span style="font-family: proxima_nova_rgregular; font-size: 14.0pt; line-height: 150%;">The notification said PAN would
be mandatory for payments of more than Rs 50,000 for cash cards or prepaid
instruments as well as for acquiring shares of unlisted companies for Rs100,000
and above.</span><o:p></o:p></div>
<div class="MsoSubtitle" style="line-height: 150%;">
<span style="font-family: proxima_nova_rgregular; font-size: 14.0pt; line-height: 150%;">It has also been made mandatory
for opening all bank accounts except Pradhan Mantri Jan Dhan Yojana accounts.</span><o:p></o:p></div>
<div class="MsoSubtitle" style="line-height: 150%;">
<span style="font-family: proxima_nova_rgregular; font-size: 14.0pt; line-height: 150%;">Finance Minister Arun Jaitley
had earlier this month announced in Parliament that PAN would be made mandatory
for all cash and card transactions beyond Rs200,000.</span><o:p></o:p></div>
<div class="MsoSubtitle" style="line-height: 150%;">
<span style="font-family: proxima_nova_rgregular; font-size: 14.0pt; line-height: 150%;">The limit is double of Rs100,000
that he had proposed in 2015-16 Budget, but is lower than the existing
threshold of Rs500,000.</span><o:p></o:p></div>
<div class="MsoSubtitle" style="line-height: 150%;">
<span style="font-family: proxima_nova_rgregular; font-size: 14.0pt; line-height: 150%;">Making cash deposit of more
than Rs50,000 or purchase of bank draft/pay orders/bankers cheque of equal denomination
on a single day, payment of life insurance premium of Rs50,000 in a year would
also require quoting of PAN.</span><o:p></o:p></div>
<div class="MsoSubtitle" style="line-height: 150%;">
<span style="font-family: proxima_nova_rgregular; font-size: 14.0pt; line-height: 150%;">In keeping with the government's
thrust on financial inclusion, opening of a no-frills bank account such as a
Jan Dhan account will not require PAN.</span><o:p></o:p></div>
<span style="font-family: proxima_nova_rgregular; font-size: 14.0pt; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">Other
than that, the requirement of PAN applies to opening of all bank accounts
including in co-operative banks. </span></div>
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</script></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4977868093260657906.post-29991261766549937182014-08-05T19:42:00.000+05:302023-04-27T13:44:40.792+05:30Manage your Credit Card wisely and avoid Interest<div class="separator" style="clear: both; text-align: center;">
<a href="http://1.bp.blogspot.com/-hUiHqjUzg3Y/U-DmI3KopHI/AAAAAAAAF7E/aZuTpEJ1BYI/s1600/creditcards.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://1.bp.blogspot.com/-hUiHqjUzg3Y/U-DmI3KopHI/AAAAAAAAF7E/aZuTpEJ1BYI/s1600/creditcards.jpg" /></a></div>
<span style="font-weight: normal;"><span _mce_style="font-size: 14px;"><span style="font-size: x-large;"><span _mce_style="font-family: arial,helvetica neue,helvetica,sans-serif;"><span _mce_style="color: #666666;"><span _mce_style="font-size: 24px;">A</span></span></span></span></span></span>nytime you speak to someone about applying for a credit card, the usual warning is to be careful or getting caught paying it back on time.<br />
<br />
Getting caught in debt is a terrible feeling. But even worse is knowing that it could be years before the debt is cleared. This is because the higher the debt amount, the higher the interest payment per month.<br />
<br />
<b>It is always recommended that you manage your credit card bills in a way where you pay the full outstanding so you avoid paying unnecessary fees. </b><br />
<br />
However, if you have a current balance and paying a high interest rate on it, then you are probably better off considering a credit card with a balance transfer offer allowing you to pay off your current card and transfer the balance on the new credit card at lower rates.<br />
<br />
The offers could vary from 0% interest for 3 months or a low rate for 12 months.<br />
<br />
While balance transfers generally come with a 0% interest headline, you need to be careful of the processing fee which is a one-time fee you would need to pay in order to enjoy the interest free period.<br />
<br />
Choose wisely and a balance transfer can save you a lot of money!
<br />
<br />
<div align="right">
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="background: #Fcffff; border-collapse: collapse; border: none; mso-border-alt: solid #999999 .75pt; mso-padding-alt: 0in 0in 0in 0in; mso-table-anchor-horizontal: column; mso-table-anchor-vertical: paragraph; mso-table-left: right; mso-table-lspace: 2.25pt; mso-table-rspace: 2.25pt; mso-table-top: middle; mso-yfti-tbllook: 1184; width: 100%px;">
<tbody>
<tr>
<td style="border-bottom: none; border: solid #999999 1.0pt; mso-border-left-alt: solid #999999 .75pt; mso-border-right-alt: solid #999999 .75pt; mso-border-top-alt: solid #999999 .75pt; padding: 13.5pt 13.5pt 0in 13.5pt; width: 409.5pt;" valign="top" width="546"><div align="center" class="MsoNormal" style="line-height: 150%; mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 2.25pt; mso-element-left: right; mso-element-top: middle; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: center;">
<strong><span style="font-family: 'Lucida Sans Unicode', sans-serif; font-size: 13.5pt; line-height: 150%;">Best Balance Transfer
Offers</span></strong><span style="font-family: Helvetica, sans-serif; font-size: 11.5pt; line-height: 150%;"></span> <o:p></o:p></div>
</td>
</tr>
<tr>
<td style="border-top: none; border: solid #999999 1.0pt; mso-border-bottom-alt: solid #999999 .75pt; mso-border-left-alt: solid #999999 .75pt; mso-border-right-alt: solid #999999 .75pt; padding: 6.75pt 0in 0in 0in;" valign="top"><div align="center" class="MsoNormal" style="mso-element-anchor-horizontal: column; mso-element-anchor-vertical: paragraph; mso-element-frame-hspace: 2.25pt; mso-element-left: right; mso-element-top: middle; mso-element-wrap: around; mso-element: frame; mso-height-rule: exactly; text-align: center;">
<img _mce_src="https://gallery.mailchimp.com/b1197cceec1e8fbb2fe9466a2/images/7c48fe5f-ef69-404a-b53f-207028bcae19.png" _mce_style="max-width: 560px; border: 0; outline: none; text-decoration: none; vertical-align: bottom;" class="mcnImage" id="_x0000_i1025" src="https://gallery.mailchimp.com/b1197cceec1e8fbb2fe9466a2/images/7c48fe5f-ef69-404a-b53f-207028bcae19.png" style="border-width: 0in; max-width: 560px; outline: none; vertical-align: bottom;" width="560" /><o:p></o:p></div>
</td>
</tr>
</tbody></table>
</div>
<div>
<br />
<b>Balance transfer in 8 easy steps </b><br />
<br />
<ol>
<li>Send the minimum payment to your existing credit card company by the due date. </li>
<li>Sign up for new card </li>
<li>Complete the balance-transfer form with the new card </li>
<li>Whilst the balance is pending, continue to make your minimum payments by the due date to your old card. </li>
<li>Receive confirmation of balance transfer to your new company, </li>
<li>Call your old company to verify balance transfer. </li>
<li>Receive a billing statement with zero balance from your old card company. </li>
<li>Close your old account by calling or writing to the old card company. </li>
</ol>
<br />
<b>Tackling Your Credit Card Debt</b><br />
Your credit card debt can easily get out of hand. Here are a few ways you can save yourself from such financial pitfalls:<br />
<br />
<ul>
<li><b>Take advantage of the best balance transfer offers:</b> If you already have a big card debt, reduce your servicing costs by availing of the best balance transfer offer - see our comparison above.</li>
<li><b>Convert you outstanding to an installment loan:</b> Convert your outstanding to an installment loan spread over a tenor which you are comfortable with. Personal installment loan rates, especially if you transfer your salary to the Bank, can be less than half of the credit card rates. </li>
<li><b>Stop using your credit card for any and every purchase.</b> If you want to clear your debt, you need to stop adding to it. Resist the temptation by leaving your card at home. </li>
<li><b>Consider reducing the credit limit</b> to an amount you can comfortably afford to repay every month so you are not able to run up debt you cannot repay.</li>
<li><b>Choose a credit card that you can access online</b> . This will help you keep track of your credit card balance and how much you are spending.</li>
</ul>
</div>
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</script></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4977868093260657906.post-91739662081384237332011-09-05T11:40:00.001+05:302011-09-05T11:40:17.527+05:30Renewed fears of recession prompt investors to take a flight of safety from Dalal Street<p align="justify"> <font face="Arial">Local bourses have puffed up their losses as renewed qualms over recession in the United States amidst sustained worries about Europe's sovereign-debt crisis have prompted investors to take a flight of safety. U.S. jobs market which stalled for the month August fuelled concerns about the health of the world's top economy and its fallout on ongoing global recovery. Lack of any positive trigger both on positive as well as global front contributed to the slouch at Dalal Street. On the global front, Stocks on Wall Street closed down more than 2 per cent on Friday after the US Labor Department said employers added no net new jobs last month and July's total was revised lower. Meanwhile the Asian indices too trading shaky in the early deals were pointing at daunting global set up. The US future indices depicting no different trend were showing a downtick in the screen trade. Back home, the only soothing factor were the dwindling prices of crude which declined after a U.S. jobs report raised recession worries, thereby outweighing supply concerns over a major shutdown of offshore oil production as Tropical Storm Lee reached the coast of Louisiana on Sunday. The droopiness of the barometer gauges could also be blamed to the plunge of the Index heavyweights such as that of Reliance Industries, ITC and Infosys. However, from the BSE sectoral front, stocks from Information Technology, Oil & Gas and TECk acted as falling knife for the markets, while stocks from Consumer Durable and Realty bucking the trend provided a ceiling to the losses of the markets. The 30 scrip sensitive index -Sensex- after edging lower over 150 points was trading lower from its 16700 mark, while the 50 share index surrending over 50 points was off its 5000 level. The broader indices too participating in the global carnage were ruling down over 0.25% each. The overall market breadth on BSE was in the favour of declines which piped advances in the ratio of 1233:976, while 76 shares remained unchanged. </font> </p><p align="justify"><font face="Arial">The BSE Sensex is currently trading at 16,632.77 down by 188.69 points or 1.12%. The index has touched a high and low of 16,700.64 and 16,593.06 respectively. There were 6 stocks advancing against 24 declines on the index. </font></p> <p align="justify"><font face="Arial">The broader indices too were trading in the red; the BSE Mid cap and Small cap indices declined by 0.13% and 0.46% respectively. </font></p> <p align="justify"><font face="Arial">The top gaining sectoral indices on the BSE were, CD up by 1.38%, Realty up by 0.42%. While, IT down by 2.07%, Oil and Gas down by 1.68%, TECk down by 1.57%, Power down by 0.96% and PSU down by 0.74% were the top losers on the index. </font></p> <p align="justify"><font face="Arial">The top gainers on the Sensex were Hero Motocorp up by 2.34%, Tata Steel up by 1.05%, Jindal Steel up by 0.86%, Bajaj Auto up by 0.51% and Cipla up by 0.11% </font></p> <p align="justify"><font face="Arial">On the flip side, Infosys down by 2.65%, Reliance Industries down by 2.49%, HDFC down by 2.35%, BHEL down by 2.13% and Hindalco Industries was down by 2.08% were the top losers on the Sensex. </font></p> <p align="justify"><font face="Arial">Meanwhile, expressing concern over the elevated food inflation, Finance Minister Pranab Mukherjee said, monetary policy the Reserve Bank has adopted will have impact but will take some time to have full impact on the demand management and in the short and medium term we are trying to improve the supply so that the moderating influence of inflation is felt in the coming week. For the week ended August 20, India's food inflation measured by Wholesale Price Index (WPI), stood at 10.05%, this surge in food inflation was due to the increase in prices of vegetables and protein-based items. </font></p> <p align="justify"><font face="Arial">This surge in prices of food product is because of supply side management, and on this issue finance minister said, 'The government is trying to improve supply of some critical farm products which will help moderate the double-digit food inflation in coming weeks.' By adding further he said, 'food inflation has reached double digit which is a matter of concern. Definitely there is a seasonal factor, but apart from that seasonal factor, there are supply constraints in some critical agricultural products which we shall have to remove.' </font></p> <p align="justify"><font face="Arial">The weekly food inflation entered into two digit mark after a gap of five months, and on the other hand monthly headline inflation for month of July stood at 9.22% from 9.44% in June. This elevated level of inflation has increased anxiety of another hike in policy rates by RBI in mid quarter monetary policy review scheduled on September 16. The S&P CNX Nifty is currently trading at 4,985.35, lower by 54.65 points or 1.08%. The index has touched a high and low of 4,999.80 and 4,972.85 respectively. There were 16 stocks advancing against 34 declines on the index. </font></p> <p align="justify"><font face="Arial">The top gainers of the Nifty were Hero Motorcorp up by 2.28%, Reliance Capital up by 2.01%, SAIL up by 1.73%, RCom up by 1.71% and Reliance Infra up by 1.41%. </font></p> <p align="justify"><font face="Arial">On the flip side, Infosys down by 2.86%, Cairn India down by 2.79%, Reliance Industries down by 2.57%, HDFC down by 2.32% and Sterlite Industries down by 2.27%, were the major losers on the index. </font></p> <p align="justify"><font face="Arial">All the Asian equity indices barring Jakarta Composite were trading in the red; Shanghai Composite down by 1.63%, Hang Seng was down by 2.17%, KLSE Composite was down by 0.22%, Nikkei 225 was down by 2.02%, Straits Times down by 2.80%, Seoul Composite down by3.77% and Taiwan Weighted was down by 2.63%. </font></p> <p align="justify"><font face="Arial">On the flip side, Jakarta Composite up by 1.62% was the lone gainer among the Asian pack. </font></p><br> #4406, Lane V, New Madhopuri, Ludhiana-141008, Punjab (INDIA). <BR><BR> <TABLE ID="aweber_rem" BORDER="0" WIDTH="580" CELLSPACING="0" CELLPADDING="0"><TR><TD> To unsubscribe or change subscriber options visit:<BR> <A HREF="http://www.aweber.com/z/r/?TJzsLEwstCyc7OysHMyctEa0jIzs7IwMHGw=">http://www.aweber.com/z/r/?TJzsLEwstCyc7OysHMyctEa0jIzs7IwMHGw=</A><BR><BR><img src="http://openrate.aweber.com/y/o/?l=5lsTV&m=J4.yQ_2zpsgssv" width="1" height="1"> </TD></TR></TABLE> <div class="blogger-post-footer"><script language="JavaScript" type="text/javascript">
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</script></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4977868093260657906.post-40923184649925353682011-09-02T18:36:00.000+05:302011-09-02T18:38:01.408+05:30Indian benchmarks complete a hat-trick of gains; comprehensively outperform global peers<div> <p align="justify"> <font face="Arial">Indian frontline equity indices managed to extend the sanguinity on last trading day of the week and extended the winning streak for the third straight session. The climb of over three fourth of a percentage point for the benchmarks appeared even more prominent given the fact that the gains came on a day when equity indices around the world suffered heavy pounding as market participants continued to account for a disappointing US nonfarm payrolls figures scheduled to be announced later in the day amid signs that the US economy is losing momentum. The major Asian peers went through a turbulent day deposing well over a percent while European counterparts got lacerated by around two percent on fresh worries over the Greek sovereign debt crisis. On the domestic front, marketmen were busy analyzing an assortment of economic reports that came to the fore. Firstly the weekly inflation numbers failed to provide any kind of underpinning as food inflation, measured by WPI, stood at 10.05% for the week ended August 20 up from 9.80% in the previous week, which is likely to put the Indian central bank in a tight corner. However, fuel price index moderated to 12.55% from 13.13% in last week. India's financial position brought in more worry for policymakers as fiscal deficit crossed the half-way mark and shot up to 55.4% of the full year target to touch Rs 2,28,753 crore in the first four month of 2011-12. Furthermore, a survey of India's manufacturing PMI showed that manufacturing activity expanded at its slowest pace in more than two years as export orders contracted because of weakening global demand. Meanwhile, sentiments in local equity markets took support from the surprisingly encouraging performance of eight core infrastructure industries which showed good upmove in July 2011 and surged to 7.8% from 5.7% in the same period last year, on the back of healthy growth in steel, electricity and cement sectors. Meanwhile the shares of automobile and cement companies kept buzzing in the session as they released monthly sales numbers. Stock like Tata Motors, Mahindra and Mahindra, TVS Motors, Bajaj Auto, Ambuja Cement and ACC garnered a lot of traction and surged 1-4% post announcing good monthly sales numbers. </font> </p><p align="justify"> <font face="Arial">Earlier on Dalal Street, the benchmark got off to a gap up opening, shrugging the daunting sentiments prevailing in Asian markets ahead of the release of key jobs data from the United States. But hefty profit booking at higher levels led the frontline indices to immediately drift to lower levels. The key indices were swift enough to move back to around sessions' highs in late morning trades. But the attempt of frontline indices to climb to higher levels met with severe resistance around the psychological 5,050 (Nifty) and 16,900 (Sensex) levels in early afternoon trades as the optimism got tempered by discouraging European market opening. Just when it looked like the indices will not be able to forestall the decline and slip into the red terrain, the indices found support and speedily recovered. Finally the NSE's 50-share broadly followed index Nifty, accumulated over three fourth a percent to settle just below the crucial 5,050 support level while Bombay Stock Exchange's Sensitive Index, Sensex garnered around one hundred fifty points and ended above the psychological 16,800 mark. In the broader markets, the midcap index traded on an optimistic note through the session, but the smallcap indices failed to match the fervor displayed by their larger peers and settled on a flat note. On the BSE sectoral space, the metal counter remained amongst the favorites of the marketmen as it soared over two and half a percent, being the top gainer in the space followed by Consumer Durables and Oil and Gas pockets which amassed over two percent gains. The rate sensitive counters like Automobile and Realty too witnessed huge buying interests and rallied 2.09% and 1.73% in the session. On the other hand, the information technology pack witnessed a lot of selling pressure and languished at the bottom of the table with over a percent loss, tracking the global sell-off in technology shares post disappointing finish in the US session. The Capital Goods and Power sectors too remained among the worst performers in the session. The markets bounced on weaker volumes of around Rs 1 lakh crore while the turnover for NSE F&O segment too remained lower compared to Tuesday at over 0.83 lakh crore. The market breadth remained optimistic as there were 1660 shares on the gaining side against 1157 shares on the losing side while 121 shares remained unchanged. </font> </p><p align="justify"><font face="Arial"></font></p> <p align="justify"><font face="Arial">Finally, the BSE Sensex gained 144.71 points or 0.87% to settle at 16,821.46, while the S&P CNX Nifty advanced by 39.00 points or 0.78% to close at 5,040.00. </font></p> <p align="justify"><font face="Arial">The BSE Sensex touched a high and a low of 16,989.86 and 16,688.06 respectively. The BSE Mid cap and Small cap indices were up by 0.81% and 0.03% respectively. </font></p> <p align="justify"><font face="Arial">The top gainers on the Sensex were DLF up 5.93%, Tata Steel up by 4.26%, Sterlite Industries up by 4.04%, Mahindra & Mahindra up by 3.87% and Bajaj Auto up by 3.21%. </font></p> <p align="justify"><font face="Arial">On the flip side, Tata Power down 2.13%, TCS down 1.82%, BHEL down 1.74%, NTPC down 1.56% and Infosys down 1.16% were the top losers on the index. </font></p> <p align="justify"><font face="Arial">The top gainers on the BSE sectoral space were, Metal up 2.75%, Consumer Durables (CD) up 2.19%, Oil & Gas up 2.16%, Auto up 2.09% and Reality up 1.73%. While IT down 1.31%, Power down 0.97%, TECk down by 0.53%, Consumer durables (CD) down by 0.14% were the top losers on the BSE sectoral space. </font></p> <p align="justify"><font face="Arial">Meanwhile, India's manufacturing sector expanded at its slowest pace in more than two years as export order contracted because of weakening global demand, a survey of manufacturers in Asia's third largest economy showed. The HSBC Markit India Manufacturing Purchasing Managers' Index (PMI) declined to 52.6 in August from 53.6 July, this is the fourth month when India's manufacturing PMI moderated. However, India's manufacturing PMI is still above the 50 level which demarcates growth from contraction. India is among the few economies that showed growth, in a likewise surveys released on August 1, showed contraction in manufacturing activities in Britain, Euro Zone and China. </font></p> <p align="justify"><font face="Arial">New export business received by manufacturers in India decreased markedly during August, with the rate of contraction one of the sharpest in the series history. Experts cited a softening in global economic conditions as the main contributor to the fall in new orders received from export markets. This contributed to a further slowdown in the growth rate of overall new work intakes, which was the weakest in the current 29-month sequence of expansion. </font></p> <p align="justify"><font face="Arial">As per the survey, in the month of August, the employment in Indian manufacturing sector registered a marginal decline. The purchasing activities also showed moderation, and registered a 21-month slowest growth in August. Input price faced by manufacturers in India continued to increase significantly due to the surge in raw material prices. Output prices continued to rise at a historically marked rate, despite slowing marginally since July. </font></p> <p align="justify"><font face="Arial">While commenting on India Manufacturing PMI survey, Leif Eskesen, Chief Economist for India & ASEAN at HSBC said, 'the growth momentum in India's manufacturing sector eased further in August. The main driver of the weaker reading was a significant contraction in export orders, which are facing stiff global economic headwinds. In turn, this moderated the sequential growth rate of output and pulled down some of the other sub-indices. However, inflation pressures remain elevated, with input prices accelerating and output prices still trekking up, albeit at a marginally slower pace. Overall, the numbers suggest moderation rather than a collapse in growth, and they confirm that inflation remains the primary policy concern.' </font></p> <p align="justify"><font face="Arial">The headline inflation measured by Wholesale Price Index has been hovering around double digit mark. In July headline inflation stood at 9.22% from 9.44% in June. On the other hand the RBI has maintained its anti inflationary stance from almost one and half year, and in quarterly monetary policy review it increased its short term leading and borrowing rates by 50 basis points. The RBI's anti inflationary policy stance had affected country's economic growth. Indian economy grew 7.7% in the three months to June from a year earlier, its slowest pace in six quarters. India's manufacturing sector grew 7.2% in April-June from a year earlier, an improvement from the previous quarter but below the 10.6% growth clocked a year earlier, although the services sector continued to perform well and demand from rural consumers remains robust. </font></p> <p align="justify"><font face="Arial">The S&P CNX Nifty touched high and low of 5,113.70 and 4,993.35, respectively. </font></p> <p align="justify"><font face="Arial">The top gainers of the Nifty were Reliance Capital up 7.50%, RCOM up 6.85%, DLF up 6.68%, Tata Steel up 5.11% and Sterlite Industries up 4.24%. </font></p> <p align="justify"><font face="Arial">On the flip side, HCL Tech down 3.39%, IDFC down 3.25%, Siemens down 2.14%, Tata Power down 2.05% and TCS down 1.76% were the top losers on the index. </font></p> <p align="justify"><font face="Arial">The European markets were trading in red. France's CAC 40 plunged by 2.55%, Britain's FTSE 100 declined by 1.91% and Germany's DAX lost by 2.78%. </font></p> <p align="justify"><font face="Arial">After four days of rally, all the Asian equity indices barring KLSE Composite finished the day's trade in the negative terrain on last trading day of the week as profit-booking emerged after four straight days of gains. While, drop in US shares ahead of a key jobs report too dampened the sentiments in the region. Meanwhile, Japanese Nikkei declined by 1.21 percent in the trade on news that capital investment in Japan for the April-June quarter was down 7.8% from a year earlier while, Chinese Shanghai fell a percent, with bank shares falling on worries Beijing will tighten credit even more after its recent move to effectively increase the amount banks must hold in reserve. However, the stock markets in Indonesia remained closed for Idul Fitri holiday. </font></p> <p align="justify"><font face="Arial"></font></p> <table border="1" cellspacing="1" cellpadding="1" width="100%"> <tbody> <tr> <td> <p align="center"><strong><font face="Arial">Asian Indices</font></strong></p></td> <td> <p align="center"><strong><font face="Arial">Last Trade</font></strong></p></td> <td> <p align="center"><strong><font face="Arial">Change in Points</font></strong></p></td> <td> <p align="center"><strong><font face="Arial">Change in %</font></strong></p></td></tr> <tr> <td> <p align="center"><font face="Arial">Shanghai Composite</font></p></td> <td> <p align="center"><font face="Arial">2,528.28</font></p></td> <td> <p align="center"><font face="Arial">-27.76</font></p></td> <td> <p align="center"><font face="Arial">-1.09</font></p></td></tr> <tr> <td> <p align="center"><font face="Arial">Hang Seng</font></p></td> <td> <p align="center"><font face="Arial">20,212.91</font></p></td> <td> <p align="center"><font face="Arial">-372.42</font></p></td> <td> <p align="center"><font face="Arial">-1.81</font></p></td></tr> <tr> <td> <p align="center"><font face="Arial">KLSE Composite</font></p></td> <td> <p align="center"><font face="Arial">1,474.09</font></p></td> <td> <p align="center"><font face="Arial">26.82</font></p></td> <td> <p align="center"><font face="Arial">1.85</font></p></td></tr> <tr> <td> <p align="center"><font face="Arial">Nikkei 225</font></p></td> <td> <p align="center"><font face="Arial">8,950.74</font></p></td> <td> <p align="center"><font face="Arial">-110.06</font></p></td> <td> <p align="center"><font face="Arial">-1.21</font></p></td></tr> <tr> <td> <p align="center"><font face="Arial">Straits Times</font></p></td> <td> <p align="center"><font face="Arial">2,843.09</font></p></td> <td> <p align="center"><font face="Arial">-24.09</font></p></td> <td> <p align="center"><font face="Arial">-0.84</font></p></td></tr> <tr> <td> <p align="center"><font face="Arial">Seoul Composite</font></p></td> <td> <p align="center"><font face="Arial">1,867.75</font></p></td> <td> <p align="center"><font face="Arial">-12.95</font></p></td> <td> <p align="center"><font face="Arial">-0.69</font></p></td></tr> <tr> <td> <p align="center"><font face="Arial">Taiwan Weighted</font></p></td> <td> <p align="center"><font face="Arial">7,757.06</font></p></td> <td> <p align="center"><font face="Arial">-0.70</font></p></td> <td> <p align="center"><font face="Arial">-0.01</font></p></td></tr> <tr> <td> <p align="center"><font face="Arial">Jakarta Composite</font></p></td> <td> <p align="center"><font face="Arial">-</font></p></td> <td> <p align="center"><font face="Arial">-</font></p></td> <td> <p align="center"><font face="Arial">-</font></p></td></tr></tbody></table><font face="Arial"> </font></div><br> #4406, Lane V, New Madhopuri, Ludhiana-141008, Punjab (INDIA). <BR><BR> <TABLE ID="aweber_rem" BORDER="0" WIDTH="580" CELLSPACING="0" CELLPADDING="0"><TR><TD> To unsubscribe or change subscriber options visit:<BR> <A HREF="http://www.aweber.com/z/r/?TJzsLEwstCyc7OysHMyctEa0jIzsrIxsHBw=">http://www.aweber.com/z/r/?TJzsLEwstCyc7OysHMyctEa0jIzsrIxsHBw=</A><BR><BR><img src="http://openrate.aweber.com/y/o/?l=5lsTV&m=In63UlsNJsgssv" width="1" height="1"> </TD></TR></TABLE> <div class="blogger-post-footer"><script language="JavaScript" type="text/javascript">
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</script></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4977868093260657906.post-89964272455739858292011-09-02T13:54:00.001+05:302011-09-02T13:54:52.998+05:30Indian equities come off sessions highs on European markets daunting opening<p align="justify"> <font face="Arial">The optimism in Indian equity markets got tempered in afternoon trades on Friday and the frontline indices came off to some extent from the intraday highs as optimism got tempered by discouraging European market opening. The attempt of frontline indices to climb to higher levels met with severe resistance around the psychological 5,050 (Nifty) and 16,900 (Sensex) levels in early afternoon trades as major European indices traded with large cuts in the range of 1-2% following losses on Wall Street and in major Asia peers, as market participants awaited the release of US nonfarm payrolls figures amid signs that the US economy is losing momentum. Nevertheless, domestic benchmarks are trading with good amount of gains on a day when equity markets across the globe are reeling under the hefty selling pressure with notable losses. On the BSE Sectoral front, the metal counter remained amongst the favorites of the marketmen as it soared over two percent, being the top gainer in the space followed by Oil and Gas and Consumer Durables pockets which amassed 1.94% and 1.47% gains. On the other hand, the information technology pack witnessed a lot of selling pressure and languished at the bottom of the table with over a percent loss, tracking the global sell-off in technology shares post disappointing finish in the US session. The capital goods and Power sectors too remained amid the worst performers in the session. Meanwhile the shares of automobile and cement companies kept buzzing in the session as they released monthly sales numbers. Stock like Tata Motors, Mahindra and Mahindra, TVS Motors and ACC garnered a lot of traction and surged 1-3.5% post announcing good monthly sales numbers. </font> </p><p align="justify"><font face="Arial">Moreover, the broader markets too lost a lot of ground from the high point of the day but held their head above the water with marginal gains. The bourses climbed on good volumes while the market breadth on BSE was in favor of advances in the ratio of 1581:1004 while 104 scrips remained unchanged. </font></p> <p align="justify"><font face="Arial">The BSE Sensex is currently trading at 16,794.22 up by 117.47 points or 0.70% after trading as high as 16,989.86 and as low as 16,704.71. There were 21 stocks advancing against 9 declines on the index. </font></p> <p align="justify"><font face="Arial">The broader indices were trading on a positive note; the BSE Mid cap index gained 0.46% and Small cap rose 0.07% respectively. </font></p> <p align="justify"><font face="Arial">On the BSE sectoral space, Metal up 2.09%, Oil & Gas up 1.94%, Consumer Durables up 1.47%, Auto up 1.38% and Realty up 1.06% were the major gainers while IT down 1.19%, Power down 0.76%, TECk down 0.52% and CG down 0.46% were the only losers on the index. </font></p> <p align="justify"><font face="Arial">Sterlite Industries up 4.08%, M&M up 3.42%, RIL up 2.85%, Tata Steel up 2.58% and DLF up 2.34% were the major gainers on the Sensex, while BHEL down by 1.91%, Maruti Suzuki down 1.68%, Tata Power down 1.56%, TCS down 1.31% and Infosys down 1.16% were the major losers on the index. </font></p> <p align="justify"><font face="Arial">Meanwhile, government may introduce the much awaited Land Acquisition, Rehabilitation and Resettlement Bill 2011, in this monsoon session of parliament as Union Cabinet is expected to approve the draft bill by next week. To speed up the clearance process, Minister of Rural Development Jairam Ramesh met nine cabinet ministers to finalize the draft bill. The cabinet is expected to meet on September 5, to discuss the bill. </font></p> <p align="justify"><font face="Arial">As per the rural development ministry official, the government has expedited the process to get the land acquisition bill cleared. It is likely to be tabled in this session and be cleared in the winter session.' After being tabled in parliament, the land acquisition bill is likely to be referred to the parliamentary standing committee. Presently, the land acquisition is governed by an old legislation passed in 1894. As of now there is no central legislation to mandate compensation norms. </font></p> <p align="justify"><font face="Arial">In recent times, the issue of land acquisition gained importance after farmers' stiff protest against the land acquisition for development purposes. The new draft land acquisition bill proposed by the ministry of rural development, has been heavily favoring farmers and land owners, by introducing clause to ensure high compensation for land owners. Besides, the proposed compensation norms mentioned in the draft bill would be applicable to both government and industry agencies, who will acquire land for development purposes. </font></p> <p align="justify"><font face="Arial">The draft bill also mandates 80% consensus of the project-affected people for land acquisition by government and private agencies. Land buyers will have to shell out up to twice the registration of stamp duty value of land in urban areas and up to six times in case of rural areas. </font></p> <p align="justify"><font face="Arial">The draft bill proposal also includes a subsistence allowance of Rs 3,000 per family for a year and an annuity of Rs 2,000 per family per month for 20 years. Along with this, land owner will get 20% of the appreciation in value of their land every time their land changes hands for 10 years. The proposed bill also contains employment provisions. </font></p> <p align="justify"><font face="Arial">For the loss of irrigated land, the draft bill, recommends an acre of irrigated land will have to be provided as compensation over and above annuity. For tribals, draft bill had made special proposition, which will get additional 5 acres of land in case of loss of irrigated land. The proposed bill by the rural development ministry, also seeks to make compensation for people whose livelihoods depends on the land being acquired. </font></p> <p align="justify"><font face="Arial">The S&P CNX Nifty is currently trading at 5,030.40, higher by 29.40 points or 0.59% after trading as high as 5,113.70 and as low as 5,006.90. There were 31 stocks advancing against 19 declines on the index. </font></p> <p align="justify"><font face="Arial">The top gainers of the Nifty were Sterlite up 4.39%, R Com up by 4.27%, M&M up 3.73%, Ambuja Cement up 3.68%, and Tata Steel up 2.93%. </font></p> <p align="justify"><font face="Arial">HCL Tech down 3.87%, IDFC down 2.41%, BHEL down 2.06%, Siemens down 1.84% and Tata Power down 1.79% were the major losers on the index. </font></p> <p align="justify"><font face="Arial">Asian markets traded on a pessimistic note, Shanghai Composite declined 0.85%, Hang Seng plunged 1.15%, Nikkei 225 plummeted 1.21%, Straits Times declined 0.60%, Seoul Composite slipped 0.69% and Taiwan Weighted eased 0.01%. </font></p> <p align="justify"><font face="Arial">On the other hand, KLSE Composite jumped 1.91%. </font></p> <p align="justify"><font face="Arial">The stock markets in Indonesia too remained closed in observance of Idul Fitri holiday. </font></p> <p align="justify"><font face="Arial">The European markets traded on pessimistic note as France's CAC 40 plummeted 1.51%, Germany's DAX got pounded 2.01% and Britain's FTSE 100 plunged 1.19%. </font></p><br> #4406, Lane V, New Madhopuri, Ludhiana-141008, Punjab (INDIA). <BR><BR> <TABLE ID="aweber_rem" BORDER="0" WIDTH="580" CELLSPACING="0" CELLPADDING="0"><TR><TD> To unsubscribe or change subscriber options visit:<BR> <A HREF="http://www.aweber.com/z/r/?TJzsLEwstCyc7OysHMyctEa0jIzsLJycrJw=">http://www.aweber.com/z/r/?TJzsLEwstCyc7OysHMyctEa0jIzsLJycrJw=</A><BR><BR><img src="http://openrate.aweber.com/y/o/?l=5lsTV&m=IfYc2oJi3sgssv" width="1" height="1"> </TD></TR></TABLE> <div class="blogger-post-footer"><script language="JavaScript" type="text/javascript">
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</script></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4977868093260657906.post-67414882875776339622011-09-02T12:41:00.001+05:302011-09-02T12:41:24.392+05:30Markets continue positive rally; Nifty touches 5,050 level<div> <p align="justify"> <font face="Arial">The Indian equity market carried on with its positive rally on further buying across index heavyweights in the late morning trades. Investors tried to match up with the Asian peers which had sound gains in last two sessions, when Indian markets remained closed for public holidays. However, Nifty crossed 5,050 levels, while Sensex holding 16,800 levels. On sectoral front oil, metal, consumer durables, reality, automobile, healthcare, and FMCG stocks were trading in positive zone. Bank and FMCG stocks are trading mixed. Information technology, TECk and power stocks were trading weak. Reliance Communications topped the gainers list on Nifty by gaining 5.91% followed by Sterlite Industries. Tata Motors, M&M and Bajaj Auto surged 1-3%. Maruti lost over 1% due to workers' strike at company's Manesar plant. On the global front, most of the Asian markets were trading in red after low expectations from key jobs data dragged down Wall Street overnight. Back home, the market breadth favoring the positive trend; there were 1,547 shares on the gaining side against 878 shares on the losing side while 110 shares remained unchanged. </font> </p><p align="justify"><font face="Arial">The BSE Sensex is currently trading at 16,852.37, up by 175.62 points or 1.05%. The index has touched a high and low of 16,989.86 and 16,704.71 respectively. There were 24 stocks advancing against 6 declining ones on the index. </font></p> <p align="justify"><font face="Arial">The broader indices too gained some weight after flat start; the BSE Mid cap and Small cap indices rose 0.86% and 0.18% respectively. </font></p> <p align="justify"><font face="Arial">The top gaining sectoral indices on the BSE were, Oil & Gas up by 2.35%, Metal up by 2.14%, CD up by 1.84%, Reality up by 1.71% and Auto up by 1.65%. While, IT down 0.90%, TECk down by 0.13%, Power down by 0.08% were the top losers on the index. </font></p> <p align="justify"><font face="Arial">The top gainers on the Sensex were Sterlite Industries up by 4.20%, M&M up by 3.32%, RIL up by 3.08%, Hindalco Industries up by 2.99% and Sun Pharma up by 2.90%. On the flip side, Tata Power down by 1.56%, Maruti Suzuki down by 1.41%, TCS down by 1.08%, Infosys up by 1.05% and BHEL down by 1.02% were the top losers on the Sensex. </font></p> <p align="justify"><font face="Arial">Meanwhile, despite the uncertainties in United States and European nations, India's export in July jumped by 81.79% to $29.3 billion year-on-year compared to $16.14 billion in July 2010. On the other hand, in July imports also surged by 51.5% to $40.4 billion year-on-year, whereas it was around $26.6 billion in the same period of last financial year. As a result, India's trade deficit stood at $11 billion. </font></p> <p align="justify"><font face="Arial">As per the Ministry of Commerce & Industry data, during the first four months of current financial year, India's exports increased by 53.98% to $108.34 billion from $70.36 billion in the corresponding period last year. However, imports in the same period of time, increased by 40% to $151 billion from $107.88 billion in April-July 2010. As a result, trade deficit for the April-July 2011 stood at $42.6 billion. </font></p> <p align="justify"><font face="Arial">As per the Commerce Ministry statement, exports of engineering, petroleum products and gems and jewelery were worth $8.7 billion, $4.6 billion and $3.5 billion respectively. In July 2011, India's oil imports surged by 37.02% to $11.4 billion from $8.35 billion in July 2010. Whereas non-oil imports increased by 58.12% to $28.98 billion from $18.32 billion in July 2010. In the April-July 2011, India's oil import increased by 22.72% to $41.97 billion and non-oil imports increased by 48.03% to $109.06 billion. </font></p> <p align="justify"><font face="Arial">However, this robust growth in India's export is unlikely to sustain its growth rate in coming months because of uncertainties in US and European nations. The uncertainties in US and Europe is expected to have adverse impact on the global demand, as together, these countries account for 35% of India's total exports. </font></p> <p align="justify"><font face="Arial">The S&P CNX Nifty is currently trading at 5,050.50, higher by 49.50 points or 0.99%. The index has touched a high and low of 5,113.70 and 5,006.90 respectively. There were 35 stocks advancing against 15 declining ones on the index. </font></p> <p align="justify"><font face="Arial">The top gainers of the Nifty were RCOM up by 5.91%, Sterlite Industries up by 4.70%, M&M up by 3.47%, Reliance up by 3.18% and Ambuja Cement up by 3.12%. On the flip side, HCL Tech down by 3.13%, Tata Power down by 1.58%, TCS down by 1.32%, Maruti Suzuki down by 1.27% and Grasim down by 1.17% were the top losers on the index. </font></p> <p align="justify"><font face="Arial">Most of the Asian equity indices were trading in the red; Shanghai Composite was down by 1.12% Hang Seng by 1.43%, Nikkei 225 was down by 1.07%, Straits Times was down by 0.84%, Seoul Composite was down by 0.62% and Taiwan Weighted was down by 0.01% </font></p> <p align="justify"><font face="Arial">On the flip side, KLSE Composite up by 1.62% was the lone gainer amongst the Asian pack. </font></p></div><br> #4406, Lane V, New Madhopuri, Ludhiana-141008, Punjab (INDIA). <BR><BR> <TABLE ID="aweber_rem" BORDER="0" WIDTH="580" CELLSPACING="0" CELLPADDING="0"><TR><TD> To unsubscribe or change subscriber options visit:<BR> <A HREF="http://www.aweber.com/z/r/?TJzsLEwstCyc7OysHMyctEa0jIzsLJzsLBw=">http://www.aweber.com/z/r/?TJzsLEwstCyc7OysHMyctEa0jIzsLJzsLBw=</A><BR><BR><img src="http://openrate.aweber.com/y/o/?l=5lsTV&m=IqEibocK3sgssv" width="1" height="1"> </TD></TR></TABLE> <div class="blogger-post-footer"><script language="JavaScript" type="text/javascript">
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</script></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4977868093260657906.post-21675999255158480702011-09-02T12:09:00.001+05:302011-09-02T12:09:49.696+05:30Indian equities outperform global markets; Weekly inflation data overlooked<p align="justify"> <font face="Arial">Local equities after opening in high spirits post the two day's holiday have almost doubled its gains despite daunting global set-up as pessimist investors shrugging the weekly food inflation data have grabbed equities ahead of the weekend. India's weekly food inflation, measured by Wholesale Price Index (WPI) has stood at 10.05% for the week ended August 20 up from 9.80% in the previous week. Resumption of buying by foreign funds coupled with the surge of the index heavyweights like that of Reliance Industries, Infosys, ICICI Bank, ITC and Larsen & Toubro has mainly heartened the sentiment at Dalal Street. On the global front, Asian equity indices are bleeding in red tailing pattern of trade at Wall Street. Wall Street's four-day rally grounded to a halt on Thursday as investors turned cautious ahead of a key labor market report expected to underscore fears the economy is headed for another recession. Meanwhile, US stock futures are showing a downtick in the screen trade. Back home, on the BSE sectoral front, stocks from Metal, Oil & Gas and Consumer Durable counters are supporting the outperformance of the Indian equity market, while stocks from Information Technologies, TECk and Capital Goods counters are capping the further upside of Dalal Street. The 30 scrip sensitive index on BSE-Sensex-have captured over 150 points and are currently trading over the 16800 level, while the broadly followed 50 share index -Nifty-also clutching in gains close to 50 points are currently trading over 5000 mark. The broader indices also drawing cues from the larger counterparts are ruling up over 0.20% each. The overall market breadth on BSE is in the favour of advances which have outpaced declines in the ratio of 1369: 786, while 75 shares remained unchanged. </font> </p><p align="justify"><font face="Arial">The BSE Sensex is currently trading at 16,845.08, up by 168.33 points or 1.01%. The index has touched a high and low of 16,989.86 and 16,704.71 respectively. There were 25 stocks advancing against 5 declining one's the index. </font></p> <p align="justify"><font face="Arial">The broader indices too gained some weight after flat start; the BSE Mid cap and Small cap indices rose 0.76% and 0.19% respectively. </font></p> <p align="justify"><font face="Arial">The top gaining sectoral indices on the BSE were, Metal up by 2.29%, Oil & Gas up by 2.16%, CD up by 1.59%, Auto up by 1.43%, HC up by 1.34% and FMCG was up by 0.88%. While, IT down 0.86%, TECk down by 0.17%, CG down by 0.07% were the top losers on the index. </font></p> <p align="justify"><font face="Arial">The top gainers on the Sensex were Sterlite Industries up by 3.61%, Jindal Steel up by 3.51%, RIL up by 3.02%, M&M up by 2.64% and Sun Pharma up by 2.45%. On the flip side, TCS down by 1.02%, Tata Power down by 0.87%, Infosys down by 0.86%, BHEL and Maruti Suzuki down by 0.78% were the top losers on the Sensex. </font></p> <p align="justify"><font face="Arial">Meanwhile, India's weekly food inflation, measured by Wholesale Price Index (WPI), stood at 10.05% for the week ended August 20 up from 9.80% in the previous week. The surge in food inflation is due to the increase in prices of onion, fruits, vegetables and protein-based items. This hike in food inflation is expected to put more pressure on the government and the RBI. However, for the week ended on August 20, fuel price index moderated to 12.55% from 13.13% of last week. </font></p> <p align="justify"><font face="Arial">As per the data released by Ministry of Commerce and Industry, the index for `Food Articles` group rose by 1.2% to 195.0 (Provisional) from 192.7 (Provisional) for the previous week due to higher prices of poultry chicken (5%), fruits and vegetables and fish-inland (3% each), ragi, jowar, egg and gram (2% each) and fish-marine, moong, pork and bajra (1% each). However, the prices of barley (1%) declined. </font></p> <p align="justify"><font face="Arial">The index for 'Non-Food Articles' group remained unchanged at its previous week's level of 181.3 (Provisional). The items for which the index showed variations are raw cotton (+4%), coir fibre (+3%), groundnut seed, gingelly seed and fodder (+2% each) and raw silk (+1%). Flowers (-11%), sunflower (-4%), raw rubber and gaur seed (-3% each) and castor seed and soyabean (-2% each). </font></p> <p align="justify"><font face="Arial">The index for `Minerals` group rose by 3.1% to 310.8 (Provisional) from 301.6 (Provisional) for the previous week due to higher prices of copper ore (34%), limestone (19%), zinc concentrate (18%), steatite (9%), dolomite and bauxite (7% each) and chromite (2%). However, the prices of magnesite (25%), barytes (22%) and sillimanite (10%) declined. </font></p> <p align="justify"><font face="Arial">As a result, the index for primary articles group which has the highest weightage of 20.12% in WPI rose by 1.2% to 200.9 (Provisional) from 198.5 (Provisional) for the previous week. The annual rate of inflation, calculated on point to point basis, stood at 12.93% (Provisional) for the week ended August 20 as compared to 12.40% (Provisional) for the previous week. </font></p> <p align="justify"><font face="Arial">Meanwhile, the index for Fuel and Power group which has the weightage of 14.91% in WPI, declined by 0.2% to 166.8 (Provisional) from 167.2 (Provisional) for the previous week due to lower prices of light diesel oil (3%), aviation turbine fuel and naphta (2% each) and furnace oil (1%). However, the price of bitumen (1%) moved up. </font></p> <p align="justify"><font face="Arial">The weekly food inflation has entered into double digit after the gap of five months, despite the anti inflationary stance adopted by the RBI. This surge in food inflation has increased concerns for the government. The finance minister Pranab Mukherjee has termed this surge as disturbing. He said 'Food inflation has gone up... This is really disturbing. We shall have to ensure and remove the supply constraints on food items.' </font></p> <p align="justify"><font face="Arial">The S&P CNX Nifty is currently trading at 5,045.25, higher by 44.25 points or 0.88%. The index has touched a high and low of 5,113.70 and 5,006.90 respectively. There were 36 stocks advancing against 14 declining one's on the index. </font></p> <p align="justify"><font face="Arial">The top gainers of the Nifty were Sterlite Industries up by 3.93%, Jindal Steel up by 3.475, Reliance Industries up by 2.95%, M&M up by 2.73% and Ambuja Cement up by 2.67%. On the flip side, HCL Tech down by 2.40%, TCS down by 1.32%, Tata Power down by 1.26%, Infosys down by 0.95% and IDFC down by 0.83% were the top losers on the index. </font></p> <p align="justify"><font face="Arial">Most of the Asian equity indices were trading in the red; Shanghai Composite was down by 1.29% Hang Seng by 1.32%, Nikkei 225 was down by 0.80%, Straits Times was down by 0.47%, Seoul Composite was down by 0.56% and Taiwan Weighted was down by 0.17% </font></p> <p align="justify"><font face="Arial">On the flip side, KLSE Composite up by 1.62% was the lone gainer amongst the Asian pack. </font></p><br> #4406, Lane V, New Madhopuri, Ludhiana-141008, Punjab (INDIA). <BR><BR> <TABLE ID="aweber_rem" BORDER="0" WIDTH="580" CELLSPACING="0" CELLPADDING="0"><TR><TD> To unsubscribe or change subscriber options visit:<BR> <A HREF="http://www.aweber.com/z/r/?TJzsLEwstCyc7OysHMyctEa0jIzsLJysrJw=">http://www.aweber.com/z/r/?TJzsLEwstCyc7OysHMyctEa0jIzsLJysrJw=</A><BR><BR><img src="http://openrate.aweber.com/y/o/?l=5lsTV&m=IfpwTcAS3sgssv" width="1" height="1"> </TD></TR></TABLE> <div class="blogger-post-footer"><script language="JavaScript" type="text/javascript">
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</script></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4977868093260657906.post-44336529157562741682011-09-02T10:43:00.001+05:302011-09-02T10:43:25.757+05:30Benchmarks pare gains after a gap up start<div align="justify"> <font face="Arial">The Indian equity markets have made a gap up start shrugging off weak global cues as it resumed trading after a two-day holiday break. But, pared most of its early gains on the back of profit booking aimed downtrend in global equity indices ahead of US key job report. Though, the US markets lost momentum in last session breaking their four days long gaining streak while, most of the Asian counterparts were trading in the negative terrain at this point of time. Back home, the country's Exports surged by 82% to $29.3 billion year-on-year in July, notwithstanding problems in the US and Europe. On the sectoral front consumer durables witnessed the maximum gain in trade followed by oil and gas and auto while, realty, technology and capital goods remained the top losers on the BSE sectoral space. Meanwhile, the Met department has reported that, India's monsoon rains were 18 percent above normal in the week to August 31, improving from 8 percent below normal in the previous week. The broader indices were trading on a flat note at this point of time. The market breadth on the BSE was positive; there were 1,054 shares on the gaining side against 690 shares on the losing side while 92 shares remained unchanged. </font> </div><p align="justify"><font face="Arial">The BSE Sensex opened at 16,963.67 about 287 points higher compared to its previous closing of 16,676.75, and has touched a high and a low of 16,989.86 and 16,704.71 respectively. </font></p> <p align="justify"><font face="Arial">The index is currently trading at 16,740.02, up by 63.27 points or 0.38%. There were 18 stocks advancing against 12 declines on the index. </font></p> <p align="justify"><font face="Arial">The overall market breadth has made a strong start with 57.41% stocks advancing against 37.58% declines. The broader indices were trading near their neutral lines; the BSE Mid cap and Small cap indices rose 0.08% and 0.05% respectively. </font></p> <p align="justify"><font face="Arial">The top gaining sectoral indices on the BSE were, CD up by 1.84%, Oil and Gas up by 1.28%, Auto up by 1.10%, HC up by 0.97% and FMCG was up by 0.88%. While, Realty down by 1.33%, IT down by 1.16%, CG down by 0.67%, TECk down by 0.49% and Power down by 0.16% were the top losers on the index. </font></p> <p align="justify"><font face="Arial">The top gainers on the Sensex were Sun Pharma up by 2.59%, M&M up by 2.37%, Sterlite Industries up by 1.90%, Hero Motocorp up by 1.56% and Bharti Airtel was up by 1.52%. </font></p> <p align="justify"><font face="Arial">On the flip side, DLF was down by 2.14%, TCS was down by 1.60%, Jaiprakash Associates was down by 1.55%, Infosys was down by 1.51% and BHEL was down by 1.40% were the top losers on the Sensex. </font></p> <p align="justify"><font face="Arial">Meanwhile, with a view to strengthen the regulatory and supervisory structure of non-banking financial companies (NBFCs), the Reserve Bank of India's (RBI) working group headed by former RBI Deputy Governor Usha Thorat has recommended new regulations for NBFCs. The working group of RBI has recommended that 'any transfer of shareholding, direct or indirect, of 25% and above, change in control, merger or acquisition of any registered NBFC should have prior approval of the RBI. </font></p> <p align="justify"><font face="Arial">The NBFC is a non banking institution involved in the business of receiving deposits or lending to various classes of consumers. All the NBFCs which raise funds from public are required to register with the central bank. Reliance Capital, Bajaj Finance and Shriram Transport Finance are some of the well known NBFCs. </font></p> <p align="justify"><font face="Arial">The proposed guideline also recommended that the RBI should register only those NBFCs which have minimum asset size more than Rs 50 crore, whereas NBFCs which are not raising funds from the public may be exempted from registration only if their asset is less than Rs 1,000 crore. It also suggested that the NBFCs have to maintain certain liquidity ratios like cash, bank balance and holding of government securities fully cover the gaps, if any, between cumulative outflows and cumulative inflows for first 30 days. </font></p> <p align="justify"><font face="Arial">The working group also recommended introducing asset classification and provisioning norms for NBFCs in phases similar to banks. It also recommended bringing in suitable income tax deduction and accounting norms similar to banks. The group also proposed to improve a host of disclosure and risk management norms for NBFCs. </font></p> <p align="justify"><font face="Arial">The S&P CNX Nifty opened at 5,109.80; about 108 points higher compared to its previous closing of 5,001.00, and has touched a high and a low of 5,113.70 and 5,006.90 respectively. </font></p> <p align="justify"><font face="Arial">The index is currently trading at 5,019, higher by 18.75 points or 0.37%. There were 29 stocks advancing against 21 declines on the index. </font></p> <p align="justify"><font face="Arial">The top gainers of the Nifty were M&M up by 2.20%, Ambuja Cement up by 2.14%, Reliance up by 1.63%, Tata Motors up by 1.62% and Ranbaxy up by 1.56%. </font></p> <p align="justify"><font face="Arial">On the flip side, HCL Tech down by 3.91%, Sesa Goa down by 2.37%, DLF down by 2.03%, IDFC down by 2.02% and Jaiprakash Associates down by 1.55%, were the major losers on the index. </font></p> <p align="justify"><font face="Arial">Most of the Asian equity indices were trading in the red; Shanghai Composite was down 32.74 points or 1.28% to 2,523.30, Hang Seng was down 271.34 points or 1.32% to 20,313.99, Nikkei 225 was down 120.00 points or 1.32% to 8,940.80, Straits Times was down 16.99 points or 0.59% to 2,850.19, Seoul Composite was down 10.10 points or 0.54% to 1,870.60 and Taiwan Weighted was down by 4.81 points or 0.06% to 7,752.95. </font></p> <p align="justify"><font face="Arial">On the flip side, KLSE Composite was up by 23.38 points or 1.62% to 1,470.65.</font></p><br> #4406, Lane V, New Madhopuri, Ludhiana-141008, Punjab (INDIA). <BR><BR> <TABLE ID="aweber_rem" BORDER="0" WIDTH="580" CELLSPACING="0" CELLPADDING="0"><TR><TD> To unsubscribe or change subscriber options visit:<BR> <A HREF="http://www.aweber.com/z/r/?TJzsLEwstCyc7OysHMyctEa0jIzsLJyMbMw=">http://www.aweber.com/z/r/?TJzsLEwstCyc7OysHMyctEa0jIzsLJyMbMw=</A><BR><BR><img src="http://openrate.aweber.com/y/o/?l=5lsTV&m=JZkC6_Ey3sgssv" width="1" height="1"> </TD></TR></TABLE> <div class="blogger-post-footer"><script language="JavaScript" type="text/javascript">
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</script></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4977868093260657906.post-73243214325356518672011-08-30T17:29:00.000+05:302011-08-30T17:37:56.686+05:30Re-energized bulls take Nifty beyond the crucial 5,000 bastion; Sensex surges 1.59%<div> <p align="justify"> <font face="Arial">Boisterous benchmarks showcased yet another enthusiastic performance on Tuesday rallying well over one and half a percentage points and breaking psychological levels on the northbound journey, ahead of the two day holiday. Though the session was highly volatile yet the benchmarks managed to fervently surge to higher levels as investors continued to hunt for fundamentally strong but oversold bargains. The BSE's thirty share Sensex has amassed over eight hundred points since the start of new week while Nifty has gone on to retrace the crucial 5,000 bastion by garnering over two hundred fifty points in last two session. Sentiments remained euphoric right from the initial moments of trade as apart from the spillover effect of Monday's rally, the strong overnight rally on Wall Street as well as in European markets buoyed local sentiments. Marketmen traded with conviction on the back of overnight encouraging developments including the impact of Hurricane Irene turning out to be less severe, robust US consumer spending data reinforcing views that the world's largest economy was not sliding back into recession and reports of merger of the 2nd and 3rd largest Greek banks as well as reassurance from the European commission which said a fresh round of bank recapitalizations was not needed. On the domestic front, the largely in line GDP growth numbers showed that Indian economy grew at 7.7% in the April-June period, the slowest pace since 2010, confirming fears of a slowdown mainly due to the poor performance of the manufacturing sector. RBI's longest stretch of monetary tightening in a decade made borrowing more expensive and slowed investment and consumer demand in Asia's third-largest economy. Though, the GDP numbers were largely in line with expectations yet the frontline indices came off to some extent in the noon trades as marketmen dissected the first quarter GDP numbers and speculated tough times ahead amid the aggressive monetary tightening from Indian central bank and the persistence of debt crisis in developed economies. </font> </p><p align="justify"> <font face="Arial">Earlier on Dalal Street, the benchmark got off to a gap up opening in tandem with the optimistic sentiments prevailing in Asian markets on the back of sanguine global developments. But some profit booking at higher levels caused the frontline indices to drift to lower levels. The key indices were swift enough to move back to around sessions' highs in mid morning trades but only for a brief period as the gauges drifted to the lowest point in the session in early noon trades post the government released the economic growth numbers. Just when it looked like the indices will not be able to forestall the decline and slip into the red terrain, the indices found support and speedily recovered to eventually settle around the intraday high level for the second straight session. Finally the NSE's 50-share broadly followed index Nifty, accumulated over one and half a percent to settle a tad above the crucial 5,000 support level while Bombay Stock Exchange's Sensitive Index, Sensex garnered over two hundred fifty points and ended above the psychological 16,650 mark. The broader markets traded on an optimistic note through the session, but failed to match the fervor displayed by their larger peers and settled with gains of over a percent. On the BSE sectoral space, the metal and rate sensitive counters like Bankex and Realty witnessed maximum traction and settled as top gainers. On the other hand, the defensive FMCG pocket remained the only chunk in the armor settling with moderate losses. Among individual losers, index heavyweight ONGC too got butchered in the session as it lost over four percent, being the top laggards among the heavyweights followed by ITC, Tata Power and L&T. The markets bounced on good volumes of over Rs 1.23 lakh crore while the turnover for NSE F&O segment too remained reasonable compared to Monday at over 1.13 lakh crore. The market breadth remained extremely optimistic as there were 1841 shares on the gaining side against 976 shares on the losing side while 127 shares remained unchanged. </font> </p><p align="justify"><font face="Arial"></font></p> <p align="justify"><font face="Arial">Finally, the BSE Sensex surged 260.42 points or 1.59% to settle at 16,676.75, while the S&P CNX Nifty soared 81.40 points or 1.65% to close at 5,001.00. </font></p> <p align="justify"><font face="Arial">The BSE Sensex touched a high and a low of 16,714.70 and 16,443.35 respectively. The BSE Mid cap and Small cap indices were up by 1.44% and 1.10% respectively. </font></p> <p align="justify"><font face="Arial">The top gainers on the Sensex were DLF up 4.42%, Jindal Steel up by 5.34%, Sun Pharma up by 5.16%, Tata Steel up by 4.79% and Hindalco Inds up by 4.34%. </font></p> <p align="justify"><font face="Arial">On the flip side, ONGC down 4.29%, ITC down 0.97%, Tata Power down 0.35%, L&T down 0.31% and Bharti Airtel down 0.16% were the top losers on the index. </font></p> <p align="justify"><font face="Arial">The top gainers on the BSE sectoral space were, Metal up 3.74%, Reality up 3.62%, Bankex up 2.24%, IT up 2.08% and TECk up 1.71%. While FMCG down 0.32% was the lone loser on the BSE sectoral space. </font></p> <p align="justify"><font face="Arial">Meanwhile, India's economic growth rate slowed down to 7.7% in the first quarter of 2011-12 as compared to 8.8% achieved in the same quarter of the previous financial year, on the back of steady rise in interest rates combined with persistently high inflation. The lower growth rate has come mainly on account of construction, which saw an increase of just 1.2% during April-June 2011, compared with 7.7% in the same quarter of last year. </font></p> <p align="justify"><font face="Arial">As per the data released by the Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation, the decline in GDP growth is due to moderation in the construction activities which fell to 1.2% in April-June 2011 from 7.7% achieved in April-June 2010. Other sector such as mining and quarrying (1.8%), manufacturing (7.2%) and community, social and personal services (5.6%) showed moderation in growth in April-June 2011. However, sectors like agriculture, forestry and fishing (3.9%), electricity, gas and water supply (7.9%), and trade, hotels, transport and communication (12.8%) showed improvement. </font></p> <p align="justify"><font face="Arial">The estimates of GDP for the April-June quarter of 2011-12 released by the CSO of the Ministry of Statistics an Programme Implementation said the GDP had grown to Rs 12,26,339 crore in the first quarter (Q1) of 2011-12 as against Rs 11,38,286 crore in the same quarter of 2010-11. </font></p> <p align="justify"><font face="Arial">According to the latest estimates available on the Index of Industrial Production (IIP) for the new series, the index of mining, manufacturing and electricity, registered growth rates of 1.0%, 7.5% and 8.2%, respectively, during Q1 of 2011-12 as compared to the growth rates of 8.0%, 10.3% and 5.4% in these sectors during Q1 of 2010-11. The estimates of Q1 for 2009-10 and 2010-11 have been revised on account of using new series of IIP. </font></p> <p align="justify"><font face="Arial">The key indicators of construction sector, namely, production of cement declined by 0.9% and consumption of finished steel registered growth rate of 1.5%, during Q1 of 2011-12. Among the services sectors, the key indicators of railways, namely, the net tonne kilometres and passenger kilometres have shown growth rates of 6.3% and 6.1%, respectively during Q1 of 2011-12. </font></p> <p align="justify"><font face="Arial">In transport and communication sectors, the sales of commercial vehicles, cargo handled at major ports, cargo handled by the civil aviation, passengers handled by the civil aviation registered growth rates of 14.1%, 5.2%, 4.9% and 14.6% respectively during Q1 of 2011-12 over Q1 of 2010-11. The other key indicators, namely, aggregate bank deposits, and bank credits have shown growth rates of 18.7%, and 21.0%, respectively during Q1 of 2011-12 over Q1 of 2010-11. </font></p> <p align="justify"><font face="Arial">However, the investment in economy have decline because of increased interest rates, as per the CSO data, in terms of GDP at market prices, the rates of Gross Fixed Capital Formation (GFCF) at current and constant (2004-2005) prices during Q1 of 2011-12 are estimated at 28.4% and 31.2%, respectively, as against the corresponding rates of 29.2% and 31.4%, respectively in Q1 of 2010-11. </font></p> <p align="justify"><font face="Arial">In terms of GDP at market prices, the rates of the Government Final Consumption Expenditure (GFCE) at current and constant (2004-2005) prices during Q1 of 2011-12 are estimated at 10.5% and 10.4%, respectively, as against the corresponding rate of 11.1% each in Q1 of 2010-11. In terms of GDP at market prices, the rates of Private Final Consumption Expenditure (PFCE) at current and constant (2004-2005) prices during Q1 of 2011-12 are estimated at 58.1% and 60.5%, respectively, as against the corresponding rates of 58.7% and 61.7%, respectively in Q1 of 2010-11. </font></p> <p align="justify"><font face="Arial">The slowdown in the GDP growth rate for the first quarter of 2011-12 has mainly come from the interest rate sensitive sectors such as constructions, manufacturing activities and sectors, which indicate that, nonstop hike in Reserve Bank of India's short term leading and borrowing rates have adversely affected the economic growth. </font></p> <p align="justify"><font face="Arial">This quarterly decline in the India's GDP growth, is the slowest in last six quarters, during the January-March 2011, India had achieved economic growth of 7.8%. The government has also revised downward GDP data from 9.3% to 8.8% for the first quarter of 2010-11. Another issue of concern is the investment rate i.e. GFCF also showed the moderation during April-June 2011, which can have backlog effect on the growth of manufacturing and other sectors indicating, this slowdown in economic growth may continue in coming quarters. The S&P CNX Nifty touched high and low of 5,016.25 and 4,927.55, respectively. </font></p> <p align="justify"><font face="Arial">The top gainers of the Nifty were Sesa Goa up 11.05%, DLF up 6.78%, HCL Tech up 6.03%, JP Associate up 5.92% and Jindal Steel up 5.19%. </font></p> <p align="justify"><font face="Arial">On the flip side, ONGC down 4.09%, GAIL down 0.83%, ITC down 0.77%, BPCL down 0.76% and Bharti Airtel down 0.35% were the top losers on the index. </font></p> <p align="justify"><font face="Arial">The European markets were trading in mixed. France's CAC 40 lost 0.13%, Britain's FTSE 100 jumped 2.31% and Germany's DAX lower by 0.74%. </font></p> <p align="justify"><font face="Arial">Most of the Asian equity indices finished the day's trade in the positive terrain on Tuesday following Wall Street rally after a better-than-expected batch of US consumer spending data. Moreover, news of merger between two big Greek's banks too aided the sentiments. Meanwhile, Seoul shares snapped the day's trade with a gain of about 0.80 percent, with foreign investors turning net buyers after three consecutive sessions of selling, snapping up 196 billion won ($182.5 million) worth of shares. However, Chinese Shanghai trimmed earlier gains and ended with a cut of 0.40 percentage point on lingering concerns of a liquidity squeeze after the central bank ordered banks to hold more types of deposits in reserve. </font></p> <p align="justify"><font face="Arial">Meanwhile, Malaysian and Singaporean bourses are closed on account of Hari Raya Puasa today while the stock markets in Indonesia too remained shut for Idul Fitri holiday. Indonesian stock exchanges will remain closed till September 2. </font></p> <p align="justify"><font face="Arial"></font></p> <table border="1" cellspacing="1" cellpadding="1" width="100%"> <tbody> <tr> <td> <p align="center"><strong><font face="Arial">Asian Indices</font></strong></p></td> <td> <p align="center"><strong><font face="Arial">Last Trade</font></strong></p></td> <td> <p align="center"><strong><font face="Arial">Change in Points</font></strong></p></td> <td> <p align="center"><strong><font face="Arial">Change in %</font></strong></p></td></tr> <tr> <td> <p align="center"><font face="Arial">Shanghai Composite</font></p></td> <td> <p align="center"><font face="Arial">2,566.59</font></p></td> <td> <p align="center"><font face="Arial">-9.82</font></p></td> <td> <p align="center"><font face="Arial">-0.38</font></p></td></tr> <tr> <td> <p align="center"><font face="Arial">Hang Seng</font></p></td> <td> <p align="center"><font face="Arial">20,204.17</font></p></td> <td> <p align="center"><font face="Arial">339.06</font></p></td> <td> <p align="center"><font face="Arial">1.71</font></p></td></tr> <tr> <td> <p align="center"><font face="Arial">Nikkei 225</font></p></td> <td> <p align="center"><font face="Arial">8,953.90</font></p></td> <td> <p align="center"><font face="Arial">102.55</font></p></td> <td> <p align="center"><font face="Arial">1.16</font></p></td></tr> <tr> <td> <p align="center"><font face="Arial">Seoul Composite</font></p></td> <td> <p align="center"><font face="Arial">1,843.82</font></p></td> <td> <p align="center"><font face="Arial">14.32</font></p></td> <td> <p align="center"><font face="Arial">0.78</font></p></td></tr> <tr> <td> <p align="center"><font face="Arial">Taiwan Weighted</font></p></td> <td> <p align="center"><font face="Arial">7,646.19</font></p></td> <td> <p align="center"><font face="Arial">68.18</font></p></td> <td> <p align="center"><font face="Arial">0.90</font></p></td></tr> <tr> <td> <p align="center"><font face="Arial">Jakarta Composite</font></p></td> <td> <p align="center"><font face="Arial">-</font></p></td> <td> <p align="center"><font face="Arial">-</font></p></td> <td> <p align="center"><font face="Arial">-</font></p></td></tr> <tr> <td> <p align="center"><font face="Arial">KLSE Composite</font></p></td> <td> <p align="center"><font face="Arial">-</font></p></td> <td> <p align="center"><font face="Arial">-</font></p></td> <td> <p align="center"><font face="Arial">-</font></p></td></tr> <tr> <td> <p align="center"><font face="Arial">Straits Times</font></p></td> <td> <p align="center"><font face="Arial">-</font></p></td> <td> <p align="center"><font face="Arial">-</font></p></td> <td> <p align="center"><font face="Arial">-</font></p></td></tr></tbody></table><font face="Arial"> </font></div><br> #4406, Lane V, New Madhopuri, Ludhiana-141008, Punjab (INDIA). <BR><BR> <TABLE ID="aweber_rem" BORDER="0" WIDTH="580" CELLSPACING="0" CELLPADDING="0"><TR><TD> To unsubscribe or change subscriber options visit:<BR> <A HREF="http://www.aweber.com/z/r/?TJzsLEwstCyc7OysHMyctEa0jIxsbBycrMw=">http://www.aweber.com/z/r/?TJzsLEwstCyc7OysHMyctEa0jIxsbBycrMw=</A><BR><BR><img src="http://openrate.aweber.com/y/o/?l=5lsTV&m=JZ_pxer7dsgssv" width="1" height="1"> </TD></TR></TABLE> <div class="blogger-post-footer"><script language="JavaScript" type="text/javascript">
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</script></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4977868093260657906.post-72362474119773303042011-08-30T13:33:00.000+05:302011-08-30T13:34:20.242+05:30Benchmarks lose momentum as sanguinity wanes post GDP numbers<p align="justify"> <font face="Arial">The optimism in Indian equity markets got tempered in afternoon trades on Tuesday and the frontline indices came off to some extent from the intraday highs as marketmen dissected the first quarter GDP numbers. Indian economy grew at 7.7% in the April-June period, the slowest pace since 2010, confirming fears of a slowdown mainly due to the poor performance of the manufacturing sector. RBI's the longest stretch of monetary tightening in a decade have made borrowing more expensive and slowed investment and consumer demand in Asia's third-largest economy. Though the GDP numbers were largely in line with expectations yet optimism waned in domestic stock markets as investors speculated tough times ahead amid the aggressive monetary tightening from Indian central bank and the persistence of debt crisis in developed economies. Meanwhile the European stock markets too got off to an optimistic opening on expectation that the US economic reports due this week would soothe nerves over the gloomy economic prospects. The benchmarks have managed to hold on to the psychological 4,950 and 16,500 levels thanks to the hefty position build up in high beta - real estate and Metal counters. The beaten down information technology and rate sensitives also are seeing some buying. However, the Capital Goods pocket bore the brunt of selling pressure as it got dragged to the bottom of the sectoral table on BSE after bellwether L&T plunged post weak manufacturing growth numbers in the GDP data. Index heavyweight ONGC too got butchered in the session as it lost around four and half a percent, being the top loser in the space. </font> </p><p align="justify"><font face="Arial">Moreover, the broader markets too lost a lot of ground from the high point of the day but held their head above the water with moderate gains. The bourses climbed on good volumes given that these are the initial days of a new F&O series while the market breadth on BSE was in favor of advances in the ratio of 1535:1032 while 119 scrips remained unchanged. </font></p> <p align="justify"><font face="Arial">The BSE Sensex is currently trading at 16,535.32 up by 118.99 points or 0.72% after trading as high as 16,678.72 and as low as 16,443.35. There were 20 stocks advancing against 10 declines on the index. </font></p> <p align="justify"><font face="Arial">The broader indices were trading on a positive note; the BSE Mid cap index gained 0.61% and Small cap rose 0.39% respectively. </font></p> <p align="justify"><font face="Arial">On the BSE sectoral space, Realty up 2.53%, Metal up 1.76%, TECk up 1.22%, Bankex up 1.01% and IT up 0.90% were the major gainers while Capital Goods down 0.87%, PSU down 0.46% and FMCG down 0.36% were the only losers on the index. </font></p> <p align="justify"><font face="Arial">Tata Steel up 4.67%, DLF up 4.53%, Sun Pharma up 2.73%, RIL up 2.71% and JP Associates up 2.30% were the major gainers on the Sensex, while ONGC down by 4.40%, L&T down 2.09%, ITC down 0.74%, Bajaj Auto down 0.71% and Tata Power down 0.51% were the major losers on the index. </font></p> <p align="justify"><font face="Arial">Meanwhile, to enhance trade over the land routes, India and Bangladesh have taken the first major step by relaxing the present practice of unloading trucks at the zero border point. Trucks from both sides would now be allowed to enter 200 metres inside each other's territories. To reinforce trade at the Petropole-Benapole border in Bengal's North 24 Parganas district, Union Home Minister P Chidambaram laid the foundation stone for a new road there to ensure flawless traffic flow on the route, with state-of-the-art warehouses and modern parking facilities for heavy vehicles. The Petropole border is the largest land customs station in Asia. </font></p> <p align="justify"><font face="Arial">The total cost of the project is around Rs 125 crore and State-run RITES is the advisor. This new stretch would be a bypass road on the present congested one, connecting Benapole to NH35, bypassing Bongaon, the last town in the India-Bangladesh border that is 97 km from Kolkata. This move by the government would ease overcrowding and allow trucks to move in a smoother fashion to the Bangladesh side and also to receive the traffic coming from there. It is also reported that both the sides were also discussing a Comprehensive Motor Vehicular Agreement, to encourage seamless cross-movement of cargo. </font></p> <p align="justify"><font face="Arial">Development of the land trading route with the installation of proper security measures was on the main agenda discussed during the visit of Bangladeshi Prime Minister, Hasina, in January 2010. Both sides had agreed to comprehensively address all land boundary issues and announced creation of a Joint Boundary Working Group. The need of sufficient infrastructure in the trading routes across borders has resulted in major delays and cost overruns. Traffic congestions, delay in handling shipments and increasing storage-dwell times have been major non-tariff barriers for trade. </font></p> <p align="justify"><font face="Arial">Earlier last month, Commerce, Industry and Textile Minister Anand Sharma and his Bangladeshi counterpart, Muhammad Faruk Khan, inaugurated 'Border Haats' at Kalaichar in the West Garo Hill district in Meghalaya. It is estimated that bilateral trade worth $20 million will take place annually from these Haats, which would re-establish the traditional system of marketing local produce. </font></p> <p align="justify"><font face="Arial">The bilateral trade between India and Bangladesh has increased from $2.7 billion in 2009-10 to $3.9 billion in 2010-11, an increase of 45 percent. The growth of exports from Bangladesh to India has also increased from $0.25 billion in 2009-10 to $0.39 billion in 2010-11. In 2010, India offered a $1 billion line of credit to Bangladesh, the largest ever one-time bilateral financial assistance extended to any country by India. </font></p> <p align="justify"><font face="Arial">The S&P CNX Nifty is currently trading at 4,957.70, higher by 38.10 points or 0.77% after trading as high as 4,998.05 and as low as 4,927.55. There were 29 stocks advancing against 21 declines on the index. </font></p> <p align="justify"><font face="Arial">The top gainers of the Nifty were DLF up 4.72%, Tata Steel up by 4.65%, R Com up 4.23%, SESA Goa up 4.07%, and IDFC up 3.20%. </font></p> <p align="justify"><font face="Arial">ONGC down 4.42%, L&T down 2.11%, SAIL down 1.59%, BPCL down 1.59% and BajaJ Auto down 0.89% were the major losers on the index. </font></p> <p align="justify"><font face="Arial">Asian markets traded on a positive note, Hang Seng surges 1.06%, Nikkei 225 soared 1.16%, Seoul Composite climbed 0.78% and Taiwan Weighted amassed 0.90%. </font></p> <p align="justify"><font face="Arial">On the other hand, Shanghai Composite eased 0.02%. </font></p> <p align="justify"><font face="Arial">Meanwhile, Malaysian and Singaporean bourses are closed on account of Hari Raya Puasa today while the stock markets in Indonesia too remained shut for Idul Fitri holiday. Indonesian stock exchanges will remain closed till September 2. </font></p> <p align="justify"><font face="Arial">The European markets traded on optimistic note as France's CAC 40 surged 0.86%, Germany's DAX climbed 0.79% and Britain's FTSE 100 soared 1.95%. </font></p><br> #4406, Lane V, New Madhopuri, Ludhiana-141008, Punjab (INDIA). <BR><BR> <TABLE ID="aweber_rem" BORDER="0" WIDTH="580" CELLSPACING="0" CELLPADDING="0"><TR><TD> To unsubscribe or change subscriber options visit:<BR> <A HREF="http://www.aweber.com/z/r/?TJzsLEwstCyc7OysHMyctEa0jIxsbOxMHIw=">http://www.aweber.com/z/r/?TJzsLEwstCyc7OysHMyctEa0jIxsbOxMHIw=</A><BR><BR><img src="http://openrate.aweber.com/y/o/?l=5lsTV&m=JrXb9VZKdsgssv" width="1" height="1"> </TD></TR></TABLE> <div class="blogger-post-footer"><script language="JavaScript" type="text/javascript">
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</script></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4977868093260657906.post-10354302546271958192011-08-30T12:36:00.001+05:302011-08-30T12:36:42.869+05:30Markets hold early gains after better than expected GDP numbers<div> <p align="justify"> <font face="Arial">The Indian equity markets are holding on early gains in-line with GDP data for the period FY12-Q1 in late morning trades. However, with several front line stocks witnessing resistance at higher levels due to profit taking, the market has given up a fine share of its gains at present. Meanwhile, GDP growth during the period FY12-Q1 stands at 7.7% versus 9.3% (YoY). The agriculture growth during the period stands at 3.9% versus 2.4% (YoY), manufacturing growth stands at 7.2% versus 12.7% (YoY), construction growth is at 1.2% versus 7.7% (YoY), industry grew by 5.1% and service sector grew by 10% during the period. India's economic growth in the first quarter of the ongoing fiscal year was in-line with consensus estimates, as a better agriculture output was offset by weaker expansion in the manufacturing sector. On sectoral front Realty, metal, information technology and bank stocks posted handsome gains. Stocks from consumer durables, oil & gas and automobile sectors too have drifted down a bit after a rousing start. Capital goods, PSU and FMCG stocks were pulling the market down. On the global front, Asian markets continued to trade in positive. Back home, the market breadth favoring the positive trend; there were 1,639 shares on the gaining side against 793 shares on the losing side while 108 shares remained unchanged. </font> </p><p align="justify"><font face="Arial">The BSE Sensex is currently trading at 16,562.44, up by 146.11 points or 0.89%. The index has touched a high and low of 16,678.72 and 16,518.42 respectively. There were 22 stocks advancing against just 8 declining ones. </font></p> <p align="justify"><font face="Arial">The broader indices kept trading in-line with benchmarks; the BSE Mid cap and Small cap indices rose 0.94% and 0.78% respectively. </font></p> <p align="justify"><font face="Arial">The top gaining sectoral indices on the BSE were, Realty up by 2.15%, Metal up by 2.11%, Bankex and Metal up by 1.32% and IT up by 1.08%. While, CG down by 0.66%, PSU up by 0.15% and FMCG up by 0.10% remained the top losers on the index. </font></p> <p align="justify"><font face="Arial">The top gainers on the Sensex were Tata Steel up by 4.81%, DLF up by 3.58%, RIL up by 2.89%, Jaiprakash Associate up by 2.64% and Hindalco Industries up by 2.53%. </font></p> <p align="justify"><font face="Arial">On the flip side, ONGC down by 3.73%, L&T down by 1.90%, ITC down by 0.45%, Bajaj Auto down by 0.39% and Tata Power down by 0.38% were the top losers on the Sensex. </font></p> <p align="justify"><font face="Arial">Meanwhile, the estimates of GDP growth numbers for the April - June quarter has come in slightly better than expected at 7.7% amid broader expectations of 7.6%.GDP at factor cost at constant (2004-05) prices in Q1 of 2011-12 is estimated at Rs 12,26,339 crore, as against Rs 11,38,286 crore in Q1 of 20010-11, showing a growth rate of 7.7% against 8.8% recorded in first quarter of 2010-11 and 7.8% quarter on quarter. </font></p> <p align="justify"><font face="Arial">The economic activities which registered significant growth in Q1 of 2011-12 over Q1 of 2010-11 are 'electricity, gas & water supply' at 7.9%, 'trade, hotels, transport and communication' at 12.8%, 'financing, insurance, real estate and business services' at 9.1%. </font></p> <p align="justify"><font face="Arial">Other sectors which expanded at a good pace are 'manufacturing', rising 7.2%, 'community, social and personal services' gaining 5.6%, 'agriculture, forestry & fishing' increasing 3.9%, 'mining & quarrying' growing 1.8% and 'construction' rising 1.2% in the April-June period. </font></p> <p align="justify"><font face="Arial">The S&P CNX Nifty is currently trading at 4,963.90, higher by 44.30 points or 0.90%. The index has touched a high and low of 4,998.05 and 4,948.40 respectively. There were 35 stocks advancing against 15 declines on the index. </font></p> <p align="justify"><font face="Arial">The top gainers of the Nifty were Reliance Communication up by 5.40%, Tata Steel up by 4.74%, Sesa Goa up by 3.90%, DLF up by 3.66% and JP Associate up by 3.52%. </font></p> <p align="justify"><font face="Arial">On the flip side, ONGC down by 3.98%, L&T down by 1.94%, SAIL down by 1.22%, BPCL down by 1.11% and GAIL down by 0.88%, were the major losers on the index. </font></p> <p align="justify"><font face="Arial">All the Asian equity indices were trading in the green; Shanghai Composite was up by 0.67%, Hang Seng was up by 1.95%, Nikkei 225 was up by 1.19%, Seoul Composite was up by 0.80% and Taiwan Weighted was up by 0.90%. </font></p> <p align="justify"><font face="Arial">Meanwhile, Malaysian and Singaporean bourses are closed on account of Hari Raya Puasa today while the stock markets in Indonesia too remained shut for Idul Fitri holiday. Indonesian stock exchanges will remain closed till September 2. </font></p></div><br> #4406, Lane V, New Madhopuri, Ludhiana-141008, Punjab (INDIA). <BR><BR> <TABLE ID="aweber_rem" BORDER="0" WIDTH="580" CELLSPACING="0" CELLPADDING="0"><TR><TD> To unsubscribe or change subscriber options visit:<BR> <A HREF="http://www.aweber.com/z/r/?TJzsLEwstCyc7OysHMyctEa0jIxsbOxM7Aw=">http://www.aweber.com/z/r/?TJzsLEwstCyc7OysHMyctEa0jIxsbOxM7Aw=</A><BR><BR><img src="http://openrate.aweber.com/y/o/?l=5lsTV&m=K051V5wadsgssv" width="1" height="1"> </TD></TR></TABLE> <div class="blogger-post-footer"><script language="JavaScript" type="text/javascript">
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On the global front, U.S. stocks extended gains on Monday with the Nasdaq rising 3 percent after a merger between two big banks in Greece and a rebound in consumer spending boosted investors' appetite for risky assets. Meanwhile, Asian stocks too are imitating the pattern of the Wallstreet is trading in jubilant mood. However, US future indices are showing a downtick in the screen trade. Back home, on the BSE Sectoral front, stocks from Realty, TECk and Bankex counters are doing the most to enhance the gains of the bourses, while stocks from PSU counter are the only spoil sport. All Oil marketing companies bucking the trend are trading in red as brent crude rose for a sixth straight session on Tuesday, buoyed by strong data from the United States that allayed fears the world's top oil consumer was sliding back into recession and a landmark bank merger deal in Greece. Meanwhile, investor's at Dalal Street have once again got some reason to rejoice as GDP data despite declining from last year's first quarter numbers, stood at 7.7%, tad above the market expectation. </font> </p><p align="justify"><font face="Arial">The BSE Sensex is currently trading at 16,602.14, up by 185.81 points or 1.13%. The index has touched a high and low of 16,678.72 and 16,518.42 respectively. There were 25 stocks advancing against just 4 declining one's, while one stock remained unchanged on the index. </font></p> <p align="justify"><font face="Arial">The broader indices kept trading in line with benchmarks; the BSE Mid cap and Small cap indices rose 1.10% and 0.85% respectively. </font></p> <p align="justify"><font face="Arial">The top gaining sectoral indices on the BSE were, Realty up by 2.36%, TECK up by 1.64%, Bankex and Metal up by 1.63% and CD up by 1.33%. While, PSU down by 0.14% remained the lone loser on the index. </font></p> <p align="justify"><font face="Arial">The top gainers on the Sensex were Tata Steel up by 3.79%, DLF up by 3.77%, Jaiprakash Associate up by 3.15%, RIL up by 3.02% and Bharti Airtel up was up by 2.28%. </font></p> <p align="justify"><font face="Arial">On the flip side, ONGC was down by 4.00%, BHEL down by 0.73%, Bajaj Auto down by 0.50% and L&T was down by 0.43% were the top losers on the Sensex.<br /> Meanwhile, the Reserve Bank of India (RBI) on August 29 released the much awaited draft guideline for the New Banking Licenses. In a statement RBI said that it has sought views/comments on the draft guidelines from banks, non-banking financial institutions, industrial houses, other institutions and the public at large. The key facet of the released draft guidelines are as follows: </font></p> <p align="justify"><font face="Arial">Private companies (promoters/promoters group) with diversified ownership, sound credential and integrity that have a successful track record for minimum of 10 years will be eligible to promote banks. On the other hand, entities that earn 10 percent or more from realty, construction or broking activities, either individually or taken together in the past three years will not be eligible for such licenses. </font></p> <p align="justify"><font face="Arial"> On the corporate structure, new banks will be set up only through a wholly owned Non-Operative Holding Company (NOHC) to be registered with the RBI as a non-banking finance company (NBFC) which will hold the bank as well as all the other financial companies in the promoter group. However, the aggregate non-resident shareholding in the new bank shall not exceed 49 percent for the first 5 years after which it will be as per the extant policy. </font></p> <p align="justify"><font face="Arial"> For setting up new bank, the minimum capital requirement will be Rs 500 crore. Nevertheless, the actual capital to be brought in will depend on the business plan of the promoters. The NOHC holding will be 40 percent for first 5 years, and then it will be reduced to 20 percent within next 10 years and 15 percent within 12 years from the date of licensing of the bank. </font></p> <p align="justify"><font face="Arial"> On the corporate governance front, at least 50 percent of the directors of the NOHC should be independent directors. The corporate structure should be such that it does not impede effective supervision of the bank and the NOHC on a consolidated basis by the RBI.<br /> The other key highlights of guidelines are the exposure of bank to any entity in the promoter group shall not exceed 10 percent and the aggregate exposure to all the entities in the group shall not exceed 20 percent of the paid-up capital and reserves of the bank. The bank shall get its shares listed on the stock exchanges within two years of licensing. </font></p> <p align="justify"><font face="Arial">The bank shall open at least 25 percent of its branches in unbanked rural centres (population upto 9,999 as per 2001 census). And existing NBFCs, if considered eligible, may be permitted to either promote a new bank or convert themselves into banks. </font></p> <p align="justify"><font face="Arial">The draft also proposes that in respect of promoter groups having 40 percent or more assets / income from non-financial business, certain additional requirements will be stipulated. </font></p> <p align="justify"><font face="Arial">The Finance Minister Pranab Mukherjee in his budget speech had announced that it was the government's intent to open up the banking sector further, and RBI had floated a discussion paper on the subject. Some of the big corporate houses such as Tata, the Aditya Birla Group, Anil Ambani-led Reliance Group, Bajaj Financial Services and Shriram Finance are expected to apply for the new banking license. </font></p> <p align="justify"><font face="Arial">Final guidelines will be issued and the process of inviting applications for setting up of new banks in the private sector will be initiated after receiving feedback, comments and suggestions on the draft guidelines, and after certain vital amendments to Banking Regulation Act, 1949 are in place, the RBI said. </font></p> <p align="justify"><font face="Arial">The S&P CNX Nifty is currently trading at 4,978.95, higher by 59.35 points or 1.21%. The index has touched a high and low of 4,998.05 and 4,948.40 respectively. There were 40 stocks advancing against 10 declines on the index. </font></p> <p align="justify"><font face="Arial">The top gainers of the Nifty were JP Associate up by 4.20%, Reliance Communication up by 4.10%, Tata Steel up by 3.81%, DLF up by 3.71% and Reliance Capital up by 3.29%. </font></p> <p align="justify"><font face="Arial">On the flip side, ONGC down by 4.16%, Gail India down by 0.77%, Bajaj Auto down by 0.71%, BHEL down by 0.51% and BPCL down by 0.39%, were the major losers on the index. </font></p> <p align="justify"><font face="Arial">All the Asian equity indices were trading in the green; Shanghai Composite was up by 0.99%, Hang Seng was up by 2.22%, Nikkei 225 was up by 1.23, Seoul Composite was up by 0.82% and Taiwan Weighted was up by 1.05%. </font></p> <p align="justify"><font face="Arial">Meanwhile, Malaysian and Singaporean bourses are closed on account of Hari Raya Puasa today while the stock markets in Indonesia too remained shut for Idul Fitri holiday. Indonesian stock exchanges will remain closed till September 2. </font></p><br> #4406, Lane V, New Madhopuri, Ludhiana-141008, Punjab (INDIA). <BR><BR> <TABLE ID="aweber_rem" BORDER="0" WIDTH="580" CELLSPACING="0" CELLPADDING="0"><TR><TD> To unsubscribe or change subscriber options visit:<BR> <A HREF="http://www.aweber.com/z/r/?TJzsLEwstCyc7OysHMyctEa0jIxsbOwMzOw=">http://www.aweber.com/z/r/?TJzsLEwstCyc7OysHMyctEa0jIxsbOwMzOw=</A><BR><BR><img src="http://openrate.aweber.com/y/o/?l=5lsTV&m=I_H7A2Xydsgssv" width="1" height="1"> </TD></TR></TABLE> <div class="blogger-post-footer"><script language="JavaScript" type="text/javascript">
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</script></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4977868093260657906.post-41835995557869899862011-08-29T19:03:00.001+05:302011-08-29T19:03:21.680+05:30Anna impact along with Bernanke speech re-energize bulls; benchmarks surmount crucial levels<div> <p align="justify"> <font face="Arial">After weeks of horrendous feat, Indian benchmark staged a blockbuster performance on the first day of a new week by vehemently rallying close to a whopping over three and half a percent in the session and re-conquering the psychological 16,400 levels (Sensex) and 4900 (Nifty). The frontline indices took a quantum leap, registering the best gains in this calendar year. Sentiments across the globe remained highly sanguine in the session as Fed Chairman Bernanke gave his much anticipated speech in Jackson Hole, Wyoming, expressing mild optimism for the US economy but did not explicitly announced a third round of quantitative easing. Marketmen cheered Fed Chairman Bernanke's optimistic view of the US economy as he was hopeful that the world's largest economy will gradually get better and that the Fed has more options to prop up growth. The onus now has shifted to the 2-day Fed FOMC meeting on September 21 where the central bank is expected to announce fresh policy measures. Meanwhile, the Hurricane Irene which pounded the New York metropolitan area with furious winds and lashing rain overnight on Sunday, resulting in flooding, downed trees and power outages in some areas, did not have any effect on the US futures which exhibited optimistic trends. The European and Asian counterparts too displayed energetic performances in the session. On the domestic front, local investors also cheered the government's decision to give into anti-corruption crusader Anna Hazare's demands on the Jan Lokpal bill, as it is perceived that decisions on key economic reforms were held back. The Indian central bank too spent a day full of activity as they released one report after another. Earlier in the day the RBI released report on the issues and concerns in the NBFC Sector in which the RBI panel advocated for tough new norms for non-banking financial companies (NBFCs) with the aim of strengthening the regulatory and supervisory framework for such lenders. Latter the Reserve Bank released draft guidelines for licensing of New Banks in the Private Sector. In another development, the government is likely to announce a duty drawback scheme soon to replace the Duty Entitlement Passbook (DEPB) scheme that expires on September 30. Reports suggest that the government's new duty drawback rates may be 1-3% lower than DEPB rates. </font> </p><p align="justify"> <font face="Arial">Earlier on Dalal Street, the benchmark got off to a gap up opening in tandem with the optimistic sentiments prevailing in Asian markets post the Fed Chairman's enthralling speech. The frontline indices gathered momentum and commenced the northbound journey with great conviction. There appeared no resistance what so ever throughout the session as the indices kept conquering one psychological level after another. The indices surged from strength to strength and the journey halted only with the end of session around the highest point of the day. Finally the NSE's 50-share broadly followed index Nifty, accumulated over one hundred fifty points to settle a below the crucial 4,900 support level while Bombay Stock Exchange's Sensitive Index Sensex garnered a gargantuan over five hundred fifty points and ended above the psychological 16,400 mark. The broader markets traded on an optimistic note through the session, but failed to match the fervor displayed by their larger peers and settled with gains of over two percent. On the BSE sectoral space, the information technology and rate sensitives' which went through turbulent times in recent days saw huge position build-up in the session while the defensives' like Heathcare and FMCG were not amongst the swiftest of gainers yet traded with around a percent gain. Barring the two heavyweights, ONGC and Maruti Suzuki, all the components of the Sensex settled in the green territory. The markets bounced on good volumes of over Rs 1.01 lakh crore while the turnover for NSE F&O segment too remained reasonable compared to Friday at over 0.90 lakh crore. The market breadth remained extremely optimistic as there were 2121 shares on the gaining side against 716 shares on the losing side while 103 shares remained unchanged.<br /></font></p> <p align="justify"><font face="Arial"></font></p> <p align="justify"><font face="Arial">Finally, the BSE Sensex climbed 567.50 points or 3.58% to settle at 16,416.33, while the S&P CNX Nifty Jumped 171.80 points or 3.62% to close at 4,919.60. </font></p> <p align="justify"><font face="Arial">The BSE Sensex touched a high and a low of 16,462.03 and 16,068.73 respectively. The BSE Mid cap and Small cap indices were up by 2.48% and 2.06% respectively. </font></p> <p align="justify"><font face="Arial">The top gainers on the Sensex were TCS up 7.32%, Jaiprakash Associate up by 6.92%, Jindal Steel up by 6.75%, Tata Steel up by 5.90% and L&T up by 5.45%. </font></p> <p align="justify"><font face="Arial">On the flip side, ONGC down 1.10% and Maruti Suzuki down 0.02% were the top losers on the index. </font></p> <p align="justify"><font face="Arial">The top gainers on the BSE sectoral space were, IT up 5.06%, Metal up 4.63%, Reality up 4.43%, TECk up 4.15% and Bankex up 4.10%. There was no loser on the BSE sectoral space. </font></p> <p align="justify"><font face="Arial">Meanwhile, to enhance trade over the land routes, India and Bangladesh have taken the first major step by relaxing the present practice of unloading trucks at the zero border point. Trucks from both sides would now be allowed to enter 200 metres inside each other's territories. To reinforce trade at the Petropole-Benapole border in Bengal's North 24 Parganas district, Union Home Minister P Chidambaram laid the foundation stone for a new road there to ensure flawless traffic flow on the route, with state-of-the-art warehouses and modern parking facilities for heavy vehicles. The Petropole border is the largest land customs station in Asia. </font></p> <p align="justify"><font face="Arial">The total cost of the project is around Rs 125 crore and State-run RITES is the advisor. This new stretch would be a bypass road on the present congested one, connecting Benapole to NH35, bypassing Bongaon, the last town in the India-Bangladesh border that is 97 km from Kolkata. This move by the government would ease overcrowding and allow trucks to move in a smoother fashion to the Bangladesh side and also to receive the traffic coming from there. It is also reported that both the sides were also discussing a Comprehensive Motor Vehicular Agreement, to encourage seamless cross-movement of cargo. </font></p> <p align="justify"><font face="Arial">Development of the land trading route with the installation of proper security measures was on the main agenda discussed during the visit of Bangladeshi Prime Minister, Hasina, in January 2010. Both sides had agreed to comprehensively address all land boundary issues and announced creation of a Joint Boundary Working Group. The need of sufficient infrastructure in the trading routes across borders has resulted in major delays and cost overruns. Traffic congestions, delay in handling shipments and increasing storage-dwell times have been major non-tariff barriers for trade. </font></p> <p align="justify"><font face="Arial">Earlier last month, Commerce, Industry and Textile Minister Anand Sharma and his Bangladeshi counterpart, Muhammad Faruk Khan, inaugurated 'Border Haats' at Kalaichar in the West Garo Hill district in Meghalaya. It is estimated that bilateral trade worth $20 million will take place annually from these Haats, which would re-establish the traditional system of marketing local produce. </font></p> <p align="justify"><font face="Arial">The bilateral trade between India and Bangladesh has increased from $2.7 billion in 2009-10 to $3.9 billion in 2010-11, an increase of 45 percent. The growth of exports from Bangladesh to India has also increased from $0.25 billion in 2009-10 to $0.39 billion in 2010-11. In 2010, India offered a $1 billion line of credit to Bangladesh, the largest ever one-time bilateral financial assistance extended to any country by India. </font></p> <p align="justify"><font face="Arial">The S&P CNX Nifty touched high and low of 4,934.40 and 4,806.05, respectively. </font></p> <p align="justify"><font face="Arial">The top gainers of the Nifty were Reliance Capital up 13.22%, HCL Tech up 8.19%, TCS up 7.35%, Reliance Power up 7.25% and Kotak Bank up 6.98%. </font></p> <p align="justify"><font face="Arial">On the flip side, ONGC down 1.42% and Maruti down 0.09% were the top losers on the index. </font></p> <p align="justify"><font face="Arial">The European markets were trading in green. France's CAC 40 surged by 1.89% and Germany's DAX soared by 1.36% while Britain's FTSE 100 was closed for a summer bank holiday. </font></p> <p><font face="Arial">All the Asian equity indices barring Shanghai Composite finished the day's trade in the positive terrain on Monday tracking climbs in US stock futures after US Federal Reserve Chairman Ben Bernanke raised expectations for more stimulus for the world's largest economy. Index like Straits Times, Seoul Composite, Taiwan Weighted and Hang Seng surged in the trade by 1-3 percent after Bernanke provided more hopes to investors ahead of (U.S.) President Barack Obama's September 5 speech and the next Federal Open Market Committee (FOMC) meeting on September 20. Chinese Shanghai ended with a cut of over a percent as concerns about monetary tightening returned while Tokyo pared early gains after Japan's finance minister Minister Yoshihiko Noda, a fiscal hawk, won the ruling party leadership run-off vote to become Japan's next prime minister. </font></p> <p><font face="Arial"></font></p> <p align="justify"><font face="Arial"></font></p> <table border="1" cellspacing="1" cellpadding="1" width="100%"> <tbody> <tr> <td> <p align="center"><strong><font face="Arial">Asian Indices</font></strong></p></td> <td> <p align="center"><strong><font face="Arial">Last Trade</font></strong></p></td> <td> <p align="center"><strong><font face="Arial">Change in Points</font></strong></p></td> <td> <p align="center"><strong><font face="Arial">Change in %</font></strong></p></td></tr> <tr> <td> <p align="center"><font face="Arial">Shanghai Composite</font></p></td> <td> <p align="center"><font face="Arial">2,576.41</font></p></td> <td> <p align="center"><font face="Arial">-35.78</font></p></td> <td> <p align="center"><font face="Arial">-1.37</font></p></td></tr> <tr> <td> <p align="center"><font face="Arial">Hang Seng</font></p></td> <td> <p align="center"><font face="Arial">19,865.11</font></p></td> <td> <p align="center"><font face="Arial">282.23</font></p></td> <td> <p align="center"><font face="Arial">1.44</font></p></td></tr> <tr> <td> <p align="center"><font face="Arial">KLSE Composite</font></p></td> <td> <p align="center"><font face="Arial">1,447.27</font></p></td> <td> <p align="center"><font face="Arial">2.46</font></p></td> <td> <p align="center"><font face="Arial">0.17</font></p></td></tr> <tr> <td> <p align="center"><font face="Arial">Nikkei 225</font></p></td> <td> <p align="center"><font face="Arial">8,851.35</font></p></td> <td> <p align="center"><font face="Arial">53.57</font></p></td> <td> <p align="center"><font face="Arial">0.61</font></p></td></tr> <tr> <td> <p align="center"><font face="Arial">Straits Times</font></p></td> <td> <p align="center"><font face="Arial">2,791.89</font></p></td> <td> <p align="center"><font face="Arial">43.71</font></p></td> <td> <p align="center"><font face="Arial">1.59</font></p></td></tr> <tr> <td> <p align="center"><font face="Arial">Seoul Composite</font></p></td> <td> <p align="center"><font face="Arial">1,829.50</font></p></td> <td> <p align="center"><font face="Arial">50.55</font></p></td> <td> <p align="center"><font face="Arial">2.84</font></p></td></tr> <tr> <td> <p align="center"><font face="Arial">Taiwan Weighted</font></p></td> <td> <p align="center"><font face="Arial">7,578.01</font></p></td> <td> <p align="center"><font face="Arial">132.91</font></p></td> <td> <p align="center"><font face="Arial">1.79</font></p></td></tr> <tr> <td> <p align="center"><font face="Arial">Jakarta Composite</font></p></td> <td> <p align="center"><font face="Arial">-</font></p></td> <td> <p align="center"><font face="Arial">-</font></p></td> <td> <p align="center"><font face="Arial">-</font></p></td></tr></tbody></table><font face="Arial"> </font></div><br> #4406, Lane V, New Madhopuri, Ludhiana-141008, Punjab (INDIA). <BR><BR> <TABLE ID="aweber_rem" BORDER="0" WIDTH="580" CELLSPACING="0" CELLPADDING="0"><TR><TD> To unsubscribe or change subscriber options visit:<BR> <A HREF="http://www.aweber.com/z/r/?TJzsLEwstCyc7OysHMyctEa0jIxsrJwsTAw=">http://www.aweber.com/z/r/?TJzsLEwstCyc7OysHMyctEa0jIxsrJwsTAw=</A><BR><BR><img src="http://openrate.aweber.com/y/o/?l=5lsTV&m=K3_TJDlxNsgssv" width="1" height="1"> </TD></TR></TABLE> <div class="blogger-post-footer"><script language="JavaScript" type="text/javascript">
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</script></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-4977868093260657906.post-68854057211354007652011-08-29T13:33:00.001+05:302011-08-29T13:33:33.497+05:30Sanguine global cues prop up Indian equities; Benchmarks revisit crucial levels<p align="justify"> <font face="Arial">Indian stock indices have managed to capitalize on the initial momentum and are trading at the session's high levels in the Monday afternoon trades as sentiments got fortified further following the encouraging European market opening. The European equities rejoiced on Fed Chairman Bernanke's optimistic view of the US economy as he was hopeful that the world's largest economy will gradually get better and that the Fed has more options to prop up growth. The BSE's thirty share sensitive index has sustained its northbound journey and has even gone on to re-conquer the psychological 16,300 levels rallying over four hundred fifty points thanks to the broad based short covering rallies across the sectoral space. The inflammation technology and rate sensitives which went through turbulent times in recent days are seeing huge position build-up in the session while the defensives like Heathcare and FMCG are not amongst the swiftest of gainers yet trading with around one and a quarter percent gains. Barring the two heavyweights like ONGC and Maruti Suzuki, all the components of the Sensex are trading in the green territory. Meanwhile, RBI has released a report on the Issues and concerns in the NBFC Sector in which the RBI panel has suggested to impose a risk weight of 150% for capital market loans and 125% for commercial real estate loans by such NBFCs. In another development, reports suggest that government is likely to announce a duty drawback scheme by next month-end to replace the Duty Entitlement Passbook scheme which is set to expire on September 30. </font> </p><p align="justify"><font face="Arial">Moreover, the broader markets traded on an optimistic note in the afternoon trades, but failed to match the fervor displayed by their larger peers and traded with gains of around two percent. The bourses climbed on weak volumes given that these are the initial days of a new F&O series while the market breadth on BSE was dominantly favor of advances in the ratio of 1945:637 while 88 scrips remained unchanged. </font></p> <p align="justify"><font face="Arial">The BSE Sensex is currently trading at 16,302.90 up by 454.07 points or 2.87% after trading as high as 16,309.33 and as low as 16,068.73. There were 28 stocks advancing against 2 declines on the index. </font></p> <p align="justify"><font face="Arial">The broader indices were trading on a optimistic note; the BSE Mid cap index surged 1.99% and Small cap rose 1.66% respectively. </font></p> <p align="justify"><font face="Arial">On the BSE sectoral space, IT up 4.71%, TECk up 3.97%, Bankex up 3.51%, Metal up 3.42% and Realty up 3.28% were the major gainers while there were no losers on the index. </font></p> <p align="justify"><font face="Arial">Jindal Steel up 6.21%, TCS up 6.15%, Wipro up 4.31%, Infosys up 4.19% and Hindalco up 3.88% were the major gainers on the Sensex, while ONGC down by 0.83% and Maruti Suzuki down 0.81% were the major losers on the index. </font></p> <p align="justify"><font face="Arial">Meanwhile, to enhance trade over the land routes, India and Bangladesh have taken the first major step by relaxing the present practice of unloading trucks at the zero border point. Trucks from both sides would now be allowed to enter 200 metres inside each other's territories. To reinforce trade at the Petropole-Benapole border in Bengal's North 24 Parganas district, Union Home Minister P Chidambaram laid the foundation stone for a new road there to ensure flawless traffic flow on the route, with state-of-the-art warehouses and modern parking facilities for heavy vehicles. The Petropole border is the largest land customs station in Asia. </font></p> <p align="justify"><font face="Arial">The total cost of the project is around Rs 125 crore and State-run RITES is the advisor. This new stretch would be a bypass road on the present congested one, connecting Benapole to NH35, bypassing Bongaon, the last town in the India-Bangladesh border that is 97 km from Kolkata. This move by the government would ease overcrowding and allow trucks to move in a smoother fashion to the Bangladesh side and also to receive the traffic coming from there. It is also reported that both the sides were also discussing a Comprehensive Motor Vehicular Agreement, to encourage seamless cross-movement of cargo. </font></p> <p align="justify"><font face="Arial">Development of the land trading route with the installation of proper security measures was on the main agenda discussed during the visit of Bangladeshi Prime Minister, Hasina, in January 2010. Both sides had agreed to comprehensively address all land boundary issues and announced creation of a Joint Boundary Working Group. The need of sufficient infrastructure in the trading routes across borders has resulted in major delays and cost overruns. Traffic congestions, delay in handling shipments and increasing storage-dwell times have been major non-tariff barriers for trade. </font></p> <p align="justify"><font face="Arial">Earlier last month, Commerce, Industry and Textile Minister Anand Sharma and his Bangladeshi counterpart, Muhammad Faruk Khan, inaugurated 'Border Haats' at Kalaichar in the West Garo Hill district in Meghalaya. It is estimated that bilateral trade worth $20 million will take place annually from these Haats, which would re-establish the traditional system of marketing local produce. </font></p> <p align="justify"><font face="Arial">The bilateral trade between India and Bangladesh has increased from $2.7 billion in 2009-10 to $3.9 billion in 2010-11, an increase of 45 percent. The growth of exports from Bangladesh to India has also increased from $0.25 billion in 2009-10 to $0.39 billion in 2010-11. In 2010, India offered a $1 billion line of credit to Bangladesh, the largest ever one-time bilateral financial assistance extended to any country by India. </font></p> <p align="justify"><font face="Arial">The S&P CNX Nifty is currently trading at 4,880.35, higher by 132.55 points or 2.79% after trading as high as 4,883.85 and as low as 4,806.05. There were 45 stocks advancing against 5 declines on the index. </font></p> <p align="justify"><font face="Arial">The top gainers of the Nifty were TCS up 6.23%, Jindal Steel up by 5.78%, HCL TECH up 5.29%, Kotak up 5.28%, and Infosys up 4.42%. </font></p> <p align="justify"><font face="Arial">Maruti down 1.51%, Ranbaxy down 1.01%, ONGC down 0.88%, Ambuja Cement down 0.08% and Seas down 0.07% were the major losers on the index. </font></p> <p align="justify"><font face="Arial">Asian markets traded on a positive note, Hang Seng added 1.36%, KLSE Composite rose 0.17%, Straits Times surged 1.56%, Nikkei 225 climbed 0.61%, Seoul Composite soared 2.84% and Taiwan Weighted amassed 1.79%. </font></p> <p align="justify"><font face="Arial">On the other hand, Shanghai Composite eased 1.41%. </font></p> <p align="justify"><font face="Arial">Meanwhile, the stock markets in Indonesia remained shut on Monday on account of the Idul Fitri holiday. The markets there will remain closed till September 2. </font></p> <p align="justify"><font face="Arial">The European markets traded on optimistic note as France's CAC 40 surged 1.41% and Germany's DAX soared 1.52%. </font></p> <p align="justify"><font face="Arial">Stock markets in London remained closed on Monday for summer holiday. </font></p><br> #4406, Lane V, New Madhopuri, Ludhiana-141008, Punjab (INDIA). <BR><BR> <TABLE ID="aweber_rem" BORDER="0" WIDTH="580" CELLSPACING="0" CELLPADDING="0"><TR><TD> To unsubscribe or change subscriber options visit:<BR> <A HREF="http://www.aweber.com/z/r/?TJzsLEwstCyc7OysHMyctEa0jIxsrOyszGw=">http://www.aweber.com/z/r/?TJzsLEwstCyc7OysHMyctEa0jIxsrOyszGw=</A><BR><BR><img src="http://openrate.aweber.com/y/o/?l=5lsTV&m=J8g.escHNsgssv" width="1" height="1"> </TD></TR></TABLE> <div class="blogger-post-footer"><script language="JavaScript" type="text/javascript">
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Meanwhile, RBI unveils report on NBFC sector, where it has insisted on a minimum asset size of more than Rs 50 crore for registering any new NBFC. On sectoral front all sectoral indices are in the green while information technology stocks, led by sector heavyweights Infosys, Tata Consultancy Services and Wipro, are leading the charge up north at present. Several stocks from metal, banking, realty, capital goods, oil and automobile sectors have rallied sharply. Power, PSU and FMCG stocks too are mostly up with impressive gains. On the global front, Asian markets continued to trade in positive. Back home, the market breadth favoring the positive trend; there were 1,915 shares on the gaining side against 523 shares on the losing side while 82 shares remained unchanged. </font> </p><p align="justify"><font face="Arial">The BSE Sensex is currently trading at 16,272.89, up by 424.06 points or 2.68%. The index has touched a high and low of 16,281.92 and 16,068.73 respectively. 28 stocks were advancing against 2 declining stock on the index. </font></p> <p align="justify"><font face="Arial">The broader indices added further ground as both the BSE Mid cap and Small cap index rose by 1.86% and 1.61% respectively. </font></p> <p align="justify"><font face="Arial">The top gaining sectoral indices on the BSE were, IT up by 3.93%, TECk up by 3.35%, Metal up by 3.30%, Bankex up by 3.29% and Realty up by 2.95%. There were no losers on the index. </font></p> <p align="justify"><font face="Arial">The top gainers on the Sensex were Jindal Steel up by 6.13%, TCS up by 5.46%, Tata Motors up by 3.68%, Hindalco Industries up by 3.56% and Tata Steel up by 3.51%. While, Maruti Suzuki down by 0.85% and Cipla down by 0.16% were the losers in the 30 share pack. </font></p> <p align="justify"><font face="Arial">Meanwhile, to boost funding for roads, ports and highways, the government is planning to draw in the country's biggest insurer - Life Insurance Corporation (LIC) - into infrastructure project financing. The government is aiming to spend over $1 trillion over the 12th Five-Year Plan (2012-17) on building new and upgrading the existing infrastructure. The plan to include LIC in infrastructure funding was discussed at a meeting convened by the Finance Ministry recently. </font></p> <p align="justify"><font face="Arial">Under the infrastructure project financing, LIC is likely to tie up with India Infrastructure Finance Company (IIFCL) to buy out long-tenure loan portfolios of commercial banks. The practice, called take-out financing, seeks to free up the capital of banks so that they can lend to new projects. It is reported that the issue will be discussed in the investment committee of LIC, to see whether the insurance firm has the scope under the sectoral exposure norm. </font></p> <p align="justify"><font face="Arial">The projected venture will allow LIC and IIFCL to buy out 40 percent of a bank's loan by taking an exposure of 20 percent each. On the other hand, IIFCL will carry out the due diligence for the venture and risk factors associated with it, as it has built an expertise in this area. The rules also mandate that exposure to a single company should not exceed 10 percent of the insurer's funds, or 10 percent of the paid up capital of investee. </font></p> <p align="justify"><font face="Arial">The Insurance Regulatory and Development Authority (IRDA) guidelines also require life insurers to invest at least 15 percent of their controlled funds in infrastructure and social sectors. However, LIC and IIFCL will have to work out the proportion of liability, in case the loan turns bad or non-performing. On the contrary, the venture may not take off if banks do not participate. </font></p> <p align="justify"><font face="Arial">Earlier last week, it was reported that the government would now push banks to sell their infrastructure portfolio to IIFCL through take-out financing to create space for them to lend to the sector again. The take-out financing scheme has remained largely grounded with only Rs 70 crore of funds disbursed so far. IIFCL, the dedicated infrastructure financier created by the government, is sitting on a cash pile of about Rs 8,000 crore to buy out loan portfolios of banks. </font></p> <p align="justify"><font face="Arial">Take-out financing allows banks to discard their loan portfolios after retaining them on their books for a few years. This frees them to fund more projects. IIFCL has also customized its take-out finance scheme recently to make it more attractive. It now proposes to take on projects immediately after their commercial operation date, as against the earlier norm of one-year waiting period. It has also scrapped the 0.3 percent take-out fee, which it used to charge the lender using the scheme. The company has so far sanctioned Rs 3,000 crore spread over 15 projects. </font></p> <p align="justify"><font face="Arial">The S&P CNX Nifty is currently trading at 4,876.70, higher by 128.90 points or 2.71%. The index has touched a high and low of 4,878.70 and 4,806.05 respectively. There were 44 stocks advancing against only 6 declining ones on the index. </font></p> <p align="justify"><font face="Arial">The top gainers of the Nifty were Jindal Steel up by 6.12%, TCS up by 5.80, Kotak Bank up by 4.86%, Reliance Infra up by 4.55% and IDFC up by 4.39%. </font></p> <p align="justify"><font face="Arial">On the flip side, Ranbaxy down by 1.28%, Maruti down by 0.97%, Cipla down by 0.32%, Ambuja Cement down by 0.26% and ONGC down by 0.20% remained the top losers on the index. </font></p> <p align="justify"><font face="Arial">All the Asian counterparts barring Shanghai Composite and Jakarta Composite were trading in the green; Hang Seng was up 1.27%, KLSE Composite was up by 0.17%, Nikkei 225 was up by 0.49%, Straits Times was up by 1.34%, Seoul Composite was up by 2.90% and Taiwan Weighted was up by 1.79%. </font></p> <p align="justify"><font face="Arial">On the flip side, Shanghai Composite was down by 1.22% and Jakarta Composite plunged 0.07%. </font></p></div><br> #4406, Lane V, New Madhopuri, Ludhiana-141008, Punjab (INDIA). <BR><BR> <TABLE ID="aweber_rem" BORDER="0" WIDTH="580" CELLSPACING="0" CELLPADDING="0"><TR><TD> To unsubscribe or change subscriber options visit:<BR> <A HREF="http://www.aweber.com/z/r/?TJzsLEwstCyc7OysHMyctEa0jIxsrOzM7Iw=">http://www.aweber.com/z/r/?TJzsLEwstCyc7OysHMyctEa0jIxsrOzM7Iw=</A><BR><BR><img src="http://openrate.aweber.com/y/o/?l=5lsTV&m=JsHFEOFfNsgssv" width="1" height="1"> </TD></TR></TABLE> <div class="blogger-post-footer"><script language="JavaScript" type="text/javascript">
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