Monday, September 23, 2013
24/09/2013 stocks news
TRACK ME
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A week after taking charge, Raghuram
Rajan was being portrayed as a "saviour" of Indian markets who would
take the sensex to new heights. This was despite his warning that "the
governorship of the central bank is not meant to win one votes or
Facebook "likes" but I hope to do the right thing, no matter what the
criticism".
Having stunned markets with an
unexpected rate hike, Rajan is now being compared to Paul Volcker, the
dourfaced chairman of the US Federal Reserve between 1979-87 . Volcker
is credited with bringing the US out of stagflation by increasing rates
to a record high. In his fight against inflation, Volcker had completely
sacrificed growth allowing the economy to slip into recession. This is
in sharp contrast to the perception in some quarters that Rajan is a
finance ministry man who would be willing to go along with policies that
were in line with populist goals.
"We think today's communication makes it clear that India's central bank is not willing to risk its battle against inflation .
Chairman of the Federal Reserve
Ex-Chairman of the Federal Reserve
Paul Adolph Volcker, Jr. (born
September 5, 1927) is an American economist. He was Chairman of the
Federal Reserve under Presidents Jimmy Carter and Ronald Reagan from
August 1979 to August 1987. He is widely credited with ending the high
levels of inflation seen in the United States during the 1970s and early
1980s.
Paul Volcker, a Democrat, was
appointed chairman of the board of governors for the Federal Reserve
System in August 1979 by President Jimmy Carter and reappointed in 1983
by President Ronald Reagan.
The Federal Reserve board led by Volcker
is widely credited with ending the United States' stagflation crisis of
the 1970s. Inflation, which peaked at 13.5% in 1981, was lowered to
3.2% by 1983.
The Federal Reserve board led by Volcker
raised the federal funds rate, which had averaged 11.2% in 1979, to a
peak of 20% in June 1981. The prime rate rose to 21.5% in 1981 as well.
Thus, the unemployment rate became up over 10%. The economy was restored
since the tight-money policy was over in 1982. According to William
Silber"His policy of preemptive restraint during the economic upturn
after 1983 increased real interest rates and pushed Congress and the
president to adopt a plan [the 1985 Gramm-Rudman-Hollings bill] to
balance the budget. The combination of sound monetary and fiscal
integrity sustained the goal of price stability."
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Providing a major relief of Indian seafood sector, the United States has finally decided not to impose countervailing duty on imports of frozen warm water shrimp from India along with countries like China, Ecuador, Malaysia and Vietnam.
The United States International Trade
Commission (USITC) has determined that the US industry is 'neither
materially injured nor threatened with material injury' by imports of
frozen warm water shrimp from these countries. USITC voted 4-2 against
imposition of CVD against India and other six countries.
The ruling has been made possible with
the efforts taken by the Marine Products Export Development Authority on
behalf of Indian government and the Indian seafood industry in fighting
for India's cause. The US is the third largest market for Indian
seafood exports and accounted for 21% of the total shipments, which
fetched Rs 18,856 crore in 2012-13.
With the CVD cash deposit rate of 5.85%
imposed during the time of investigation and present level of anti
dumping duty of 3.49%, Indian Shrimp exports to USA would have been
costlier than any of its closest competitors. Moreover if countervailing
duty had been imposed eventually, it would have helped Thailand and
Indonesia to monopolize the US shrimp market.
But the USITC's today ruling, which is
the last step in this investigation, came in favour of India and six
other countries and negates the US Department of Commerce's ( USDOC)
initial decision to impose it. Due to this none of the seven countries
including India need pay duties for their shrimp exports to US.
It all started with, when the Coalition
of Gulf Shrimp Industries filed a petition on behalf of its 28 member
companies on 28,December, 2012 claiming that subsidies provided by India
to its shrimp Industry provide an unfair advantage for Indian shrimp
exports to the US which resulted in Indian exporters selling their
products at lower prices.
BUT HOW CAN IT BE WON????
FOR THIS JUST JOIN
(Train For Every Investor)
IF YOU TRY!!!!!!!!
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...............IF YOU NOT TRY YOU NEVER WIN ..............
The
investment ideas of Warren Buffett is most basic and simple to
implement. The beauty of his investment ideas is that they are so easy
and logical that at timespeople overlook the
same ideas even though it must have crossed their mind. These investment
ideas of Warren Buffett has not only help the maestro to make billions
but also stands as a guiding principles for every other investor of this
world.
Warren Buffett’s investment ideas asks us to buy stocksof
only those companies whose “fundamentals” are very strong and its stock
is available at “undervalued price”. When we say strong fundamentals we
mean a healthy financial report, unique product line which is run by
exceptional managers.
Think Big TO EARN BIGGG
parsadam
What To Do Today..........
Our Opininon for Today's Market.......
1.Market Looks Volatile.....
1.Some Insider Say NIfTy go up to 6200
What To Do Today........
Nifty....Today Face Resistence at......5960..5993..6082
Nifty.....Today Support at ...5875...5842...5802
Nifty Range...4200--------6600
parsadam RESEARCH......
NEXT TGT FOR
Sell Nifty Around 6200/6300
Our Opininon for Today's Market.......
1.Stock Specific Movement Expected Today ......
2.Midcaps Looks Good....
INTRADAY HOT STOCKS: 24/09/2013
buy idfc sl 88tgt 95/98/102sell below 87
buy hexaware ab 126 tgt 129/133 sl 122
buy adani sl 142 tgt 155/160/165
sell IT stocks sl 3%
buy relinf sl 372 tgt 420*/440/460
buy zeel ab 222 sl 212 tgt 235/240/251/255
BUY SESAGOA SL 180 TGT 188/190/194 BUY ON DIP
UP SIDE WE HAVE EXIT CHANCE NO FRESH BUYING
L&T FINANCE HOLDINGS
(BSE TICKER-533519@ Rs.83/-)
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RBI TO ANNOUNCE NEW BANK LICENCE SOON
L&T HOLDINGS EXPCTED TO GET FIRST BANKING LICENCE !!!!
Rs.120/- Rs.150/-
Alert:- Our Subscriber's Long in Stock!!!
ZEE ENTRTAINMENT
(Bse Ticker-505537@ Rs.242/-)
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BIGGEST BULL RUN YET TO START!!!!
TARGET
Rs.800/- Rs.1200/-
NO IF & BUT!!!
SUVEN LIFE
(Bse Ticker-530239@ Rs.43/-)
Great--Great Breakout On Chart!!!!!
Yesterday Stock Closing Above Rs.36.30 Now Stock Heading to Rs.60/-
Company Also Declare Great Result!!!!
TARGET
Rs.55/- Rs.60/- SL Rs.32/-
Alert:--
In First Week Of September We Gave Buy Call On Suven Life @ Rs/38/- Stock Rise Almost 30% In Newt 3-4 Trading Session!!!!
Forget Short Term Movment
BUY HDFC bank with targets 650/655/660 and Stop loss 630
BUY Axis bank with targets 1055/1065/1080 and Stop loss 980
BUY BHEL with targets 131/132/133 and Stop loss 123
SELL HCL Tech with targets 1080/1075/1070 and Stop loss 1115
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