Thursday, July 19, 2012
20/07/2012 stocks news
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We Dare To Predict.......
Where Dreams Come True......
Twenty-one years after initiating landmark economic reforms that unchained India's growth and led to nearly 9 percent annual growth rates, India's Prime Minister Manmohan Singh is once again fully in charge of economic policy.
Last month, Singh took charge of the finance ministry and called for a
revival of "animal spirits" in the economy. The government recently
began reviewing its policies on preventing large supermarket chains from
entering the country.
Singh's new dual role as both Prime Minister and Finance Minister, and
his recent rhetoric aimed at boosting confidence in the business
community, has reignited hopes for stalled reforms in Asia's
third-largest economy.
The market has reacted positively, helping to reverse the fall in the
battered Indian rupee and providing a lift to the country's stock
market. The benchmark Sensex Index has risen 3.5 percent, while the
rupee has appreciated 2.2 percent against the dollar, coming off record
lows hit last month.
Singh, who gained credibility during his five years at the helm of
India's Finance Ministry starting in 1991, has been more recently known
for his role as the leader of a government that has flip flopped on
policy, failed to initiate reforms and been embroiled in a number of
corruption scandals.
Reforms introduced by his government in recent years, including opening
up the airline and insurance industries to overseas investments, as well
as measures to improve the government's fiscal position through
lowering fuel subsidies have stalled due to opposition in parliament. In
many cases that opposition has come from members of the ruling
coalition.
Many Indian politicians fear that reforms will alienate the country's
largest voter base made up of farmers and lower-income rural residents.
However, Jagdish Bhagwati, former advisor to the Prime Minister, says
recent electoral defeats for the ruling Congress Party, will motivate
politicians, scared of losing in national elections in 2014, to push
through stalled reforms.
"I'm pretty optimistic that politics will work out in such a way that we
see the handwriting on the wall - all the guys who have been holding up
further progress will give in, otherwise they don't get elected. They
have to make an honest living like the rest of us," Bhagwati said.
Deutsche Bank's Baig adds that the deterioration in growth and weakening
of the government's fiscal position will force policymakers, previously
opposed to reforms, to support them.
What was good for the economy - reviving growth and cutting the deficit -
has now become potentially good for politics. The political and
economic incentives are becoming aligned," he said.
Rajeev Mallik, senior economist at CLSA, however, says while he expects a
few reforms to be pushed through, investors shouldn't expect a
"born-again government" that is going to turn the economy around.
"The challenge in India is the implementation uncertainty because there are always political calculations involved," he said.
Bhagwati agrees that reforms are unlikely to be as aggressive as those put in place two decades ago.
"In 1991 we had a balance of payments crisis, we ran out of forex
reserves. (The) crisis had a big persona and had a huge multiplier
effect. So when he (Singh) was reforming the system he could do so
without excessive resistance," Bhagwati said.
Economic growth in
emerging markets slowed in the April-June quarter because of weakness in
the manufacturing sector as well as below-trend expansion of the
services sector, an HSBC survey said.
The HSBC Emerging Markets
Index (EMI) slipped to 53.0 in the second quarter of this calender year,
from 53.6 in the January-March period, as a relatively better
performance from the services sector was offset by only modest growth in
manufacturing in the emerging market economies.
Among the big-four emerging markets, expansion in Brazil and China was lower than India and Russia.
While Brazil and China saw
new export orders decline, India and Russia witnessed rise in export
orders. Expansion were also seen in Turkey and South Korea.
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RS Software May Declare Excellent Result on 12th July.
Some Insider Say Prajay Eng. Again Hitt Rs.50/-
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UBS upgraded Indian stocks to “overweight” citing attractive valuations
compared with growth markets in Southeast Asia and an improving trade
balance that could help improve domestic liquidity conditions.
Although the investment bank warned the country still faces a number of
challenges, including politics and potential problems in the balance of
payments, it recommended investors continue to bet on India. “We think
the risk is worth it - that either improved risk appetite globally helps
lower domestic rates, or that in the coming months an improving trade
balance does the same,” UBS said.
“As such, we think liquidity will improve and by interacting with
sensible earnings estimates (that have as much risk as elsewhere in the
region in our view) and attractive valuations, should help India perform
better in relative terms,” it added.
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STOCK MARKET ON VERGE OF BIGGEST BULL RUN OF LIFE TIME IN HISORY
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Where there is a dream there is a way!!!
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What To Do Today........
Nifty....Today Face Resistence at......5285...5340...5398
Nifty.....Today Support at ....5205...5165...5115
Nifty Range...4200--------6600
TRACK ME RESEARCH......
NEXT TGT FOR
WE SHORT NIFTY @6100 TGT 5350 / 4800
OUR 1 TGT HIT NIFTY 5350 OUR 2 TGT ALSO
DONE 4850 NEXT 4600/4200
DONE 4850 NEXT 4600/4200
Our Opininon for Today's Market.......
1.Stock Specific Movement Expected Today ......
2.Midcaps Looks Good....
INTRADAY HOT STOCKS:20/07/2012
BUY BIOCON@ 247 TGT 249/252 sl 244
BUY CAIRN@ 314 TGT 318/320 SL 312 SELL BELOW 311
buy jain irr @ 87.5 tgt 58.9/90 sl 86.2
buy sintex @ 63.5 tgt 64.9/66 sl 62.1
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(STOCK FOR THURSDAY )
IThe Union Cabinet is
likely to take a decision on the issue of surplus VSNL land pending
since 2002 when Tata Communications acquired the PSU.
Cabinet may decide on demerger of surplus land of VSNL on Thursday
The issue of surplus land
has been pending since 2002 when Tata Communications acquired the PSU.
The government's divestment however did not include 773.13 acres of land
assets owned by VSNL.
The Telecom Commission,
which is the inter-ministerial panel under telecom ministry, in August
2011 recommended that government should acquire around 51 per cent stake
in the SPV and DoT had to seek cabinet nod for buying this stake.
Rajesh Khanna, whose
romantic persona in songs like 'Mere sapno ki raani', 'O mere dil ke
chain' and 'Roop tera mastana' made many a young woman's heart skip a
beat, was Hindi film world's first actor to attain superstar status.
His
mannerism, his unique style of dancing, dialogue delivery and gestures
added to his onscreen persona and have been imitated countless number of
times.t its lowest since Jan. 16 this year.
The 69-year-old actor breathed his last at his Mumbai residence today.
Born as Jatin Khanna on
December 29, 1942, he was adopted and raised by foster parents. He began
taking interest in acting while in school and performed in a number of
plays. It was his uncle who changed Khanna's first name to Rajesh when
he decided to join films.
n 1965, he won an all
India talent contest organised by United Producers and Filmfare and as a
result made his debut the next year in "Aakhri Khat", directed by
Chetan Anand. His second film "Raaz" was also a part of his
predetermined prize for winning the competition.
After "Aradhana", "Haathi
Mere Saathi" (1971) became the biggest hit and also the biggest grosser
ever till then. Khanna appeared in 163 feature films of which 106 had
him as the solo lead hero and 22 were two hero projects. He had 15
consecutive solo superhits between 1969 and 1972, which is still an
unbroken record in Indian film history.
After Great Result By Avanti Feeds. Some Insider Say Waterbase Also Show Good Numbers.
RS SOFTWARE CAN GO ABOVE 500 IN NEXT 1 YEAR.
One Big Opertaor Saying WWIL Will Hitt Rs.50/- In Next 6 Moths.
Some Insider Say Prajay Eng. Again Hitt Rs.50/-
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