SAI PARSADAM Technical Analyst & Trader Have a vision...a clear vision...and stay focused...

Tuesday, November 20, 2012

21/11/2012 STOCKS NEWS

VPS

SAMWATSAREVIKAS@yahoo.com,

India’s economic growth could slow to as little as 5.5 per cent this financial year, Finance Minister P Chidambaram told Reuters, signalling the possibility that Asia’s third largest economy will expand at its slowest pace in a decade.

“I’m looking forward to this year ending with 5.5 to 6 per cent growth, barring any unexpected shocks, and next year getting back to seven per cent growth, and in 2014-15 getting back to eight per cent growth,” he said in an interview on Sunday at a G20 meeting in Mexico. The last time full-year growth fell below six per cent was in 2002-03 when the economy expanded four per cent. A slump in industrial activity because of slow policy-making and the global slowdown, combined with a drought, have dragged on India’s performance this fiscal year which ends in March 2013.

Chidambaram said he was concerned about inflation, which hit a 10-month high in September. “We must learn to live with some inflation, but inflation cannot be at an unacceptable level. Today, it is at an unacceptable level,” he said.

Yesssssssssss

To Recomend 10 Stocks For Investment

Yessssssssssssssssssss

All Stocks Expecteded to Give 100% to 300% Return Till 2013 Diwali!!!!

Yesssssssssssss

100% to 300% Return!!!!

ALL STOCKS ONLY FOR SUBSCRIBER'S !!!!

Yesssssssssss

Ace investor Rakesh Jhunjhunwala is of the view that the “mother of all bull markets” is ahead of us. He reckons the ongoing rally in Indian stocks to be the start of a new bull market.

“We had so much pessimism (on Indian stocks and economy) during June-July. Equity was a bad word and there was extreme pessimism. There was no faith in equity,” Jhunjhunwala said, pointing out that the seeds of a bull market are sown during extreme fear.

Jhunjhunwala, 52, ranked 50th in Forbes billionaires list, was speaking at an investment conference.