According to the press release issued by IISL dated July 29, 2008 in respect of the change in the constituents of S&P CNX Nifty, CNX Nifty Junior, CNX 100 and CNX IT indices w.e.f. September 10, 2008 , the following changes has been made:
DRreddy is being by replaced by RPower in Nifty index.
Auropharma is replaced by Mundraport in Nifty Junior index.
DRreddy and Aropharma are replaced by RPower and Mundraport in CNX 100 index.
Subex is replaced by FSL in CNX IT index.
source www.nseindia.com
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Thursday, July 31, 2008
Tuesday, July 29, 2008
Surat city shocked by detection of more live bombs
Gujarat:
The bomb squad detected 15 unexploded live bombs in many places of the diamond city Surat.The police has warned people of unclaimed baggages and report to them immediately.Participation foreign hands was not ruled out.These are planted in people gathering places like markets and other public places clearly targeting innocents.
The police has got some leads and expect more arrests.
The bomb squad detected 15 unexploded live bombs in many places of the diamond city Surat.The police has warned people of unclaimed baggages and report to them immediately.Participation foreign hands was not ruled out.These are planted in people gathering places like markets and other public places clearly targeting innocents.
The police has got some leads and expect more arrests.
RBI announces rate hikes ,Target Reduce-Inflation
The Reserve Bank of India(RBI) hiked repo rates by 50 bps and CRR by 25 bps on July 29.
The repo rate is at 9% for the first time since October, 2000, while CRR is at 9% for the first time since November, 1999.CRR hike is effective from Aug 30.
RBI governor Y.V.Reddy said, inflation is the biggest risk now and stong measures are needed to contain it.
RBI is aiming to bring down inflation to 5% as soon as possible. RBI claims it's possible to lower inflation to 7% by March '09.
Some bankers are shocked and some expect positive effect.
The sectors going to be affected immediately are Auto space,real estate sector, Banking/lending agencies/financial services.EPS targets of comanies will be reduced.
No upside target can be fixed now for the stock markets unless major news triggers.
The home and auto buyers are going to pay more if they take loans from banks.
clearly,growth is going to be affected across all sectors.
RBI governor also warned some private banks of extended credit and non provisioning for bad debts.
The repo rate is at 9% for the first time since October, 2000, while CRR is at 9% for the first time since November, 1999.CRR hike is effective from Aug 30.
RBI governor Y.V.Reddy said, inflation is the biggest risk now and stong measures are needed to contain it.
RBI is aiming to bring down inflation to 5% as soon as possible. RBI claims it's possible to lower inflation to 7% by March '09.
Some bankers are shocked and some expect positive effect.
The sectors going to be affected immediately are Auto space,real estate sector, Banking/lending agencies/financial services.EPS targets of comanies will be reduced.
No upside target can be fixed now for the stock markets unless major news triggers.
The home and auto buyers are going to pay more if they take loans from banks.
clearly,growth is going to be affected across all sectors.
RBI governor also warned some private banks of extended credit and non provisioning for bad debts.
Sunday, July 27, 2008
IDBI Bank to expand network ,enter MF business
IDBI Bank plans to expand its network both in domestic and overseas markets,and entering into areas like mutual fund ,private equity and credit information bureau.
The bank plans to add 200 new branches with the existing branches of 503.
The bank plans to open branches in Singapore,Dubai,London and Bahrain,approvals being waited from the respective countries.RBI has been approached for the new ventures.For mutual fund ,IDBI is talking with few foreign players.
IDBI has signed with CARE for 50:50 credit information company with initial capital of 2 crores.
These details are are disclosed by the cmd ,Yogesh Agarwal on the sidelines of FICCI organised banking conclave.
The bank plans to add 200 new branches with the existing branches of 503.
The bank plans to open branches in Singapore,Dubai,London and Bahrain,approvals being waited from the respective countries.RBI has been approached for the new ventures.For mutual fund ,IDBI is talking with few foreign players.
IDBI has signed with CARE for 50:50 credit information company with initial capital of 2 crores.
These details are are disclosed by the cmd ,Yogesh Agarwal on the sidelines of FICCI organised banking conclave.
India on alert after Blasts in two cities
Indian cities were put on high alert on Sunday after at least 50 people were killed in two days of bombings that hit Ahmedabad and Bangalore.
16 bombs exploded in Ahmedabad on Saturday, killing at least 45 people and wounding 161, a day after 7 blasts in Bangalore killing a woman.
Two more unexploded car bombs were found in the city of Surat on Sunday, one of the world's biggest diamond-polishing centres.
A group called the ‘Indian Mujahideen’ claimed responsibility for the blasts on Saturday. The same group said it carried out bomb attacks in Jaipur that killed 63 people in May. It also targets Maharashtra CM and Mukesh Amabani and Narendra Modi for anti muslim activities.
But Govt suspects terror groups from Pakistan and Bangladesh are behind a wave of bombings in recent years, with targets ranging from mosques and temples to trains.
Indian mujahideen might well be the mask of Lashkars and SIMIs.
"The entire nation, including major metro cities in India, have been put on high alert and they have been asked to step up security in vital installations," a Home Ministry spokesman said.
People are warned about unclaimed baggages and suspicious objects.
This is the first time that Hospitals were also targetted showing the arrogance and ugly face of terrorism.
Two doctors were killed in the hospital in a blast in which at least one bomb was tied onto a gas cylinder. Charred motorcycles and bicycles were shown outside. TV showed victims writhing in pain and covered in blood on hospital floors.
The other bombs were in Ahmedabad's crowded old city dominated by its Muslim community. Many of the bombs were packed into metal tiffin boxes, used to carry food, and stuffed with ball-bearings. Some were left on bicycles.
Police found two unexploded bombs in Ahmedabad on Sunday. The state Government ordered the closure of all shops, cinemas and markets and told people to stay indoors.
Since both Karnataka and Gujarat are BJP ruled states ,other BJP ruling states like Madhya pradesh, Himachal are also put on high alert.
CM Narendra Modi has asked the centre to convene all states CM's meeting immediately to chalk out the plan to tackle terrorism in a combined manner.
Unless the global watch dog US realises and accept Pakistan as the prime source and origin for all terrorism and act against it, the whole world is going to suffer more casualities.
16 bombs exploded in Ahmedabad on Saturday, killing at least 45 people and wounding 161, a day after 7 blasts in Bangalore killing a woman.
Two more unexploded car bombs were found in the city of Surat on Sunday, one of the world's biggest diamond-polishing centres.
A group called the ‘Indian Mujahideen’ claimed responsibility for the blasts on Saturday. The same group said it carried out bomb attacks in Jaipur that killed 63 people in May. It also targets Maharashtra CM and Mukesh Amabani and Narendra Modi for anti muslim activities.
But Govt suspects terror groups from Pakistan and Bangladesh are behind a wave of bombings in recent years, with targets ranging from mosques and temples to trains.
Indian mujahideen might well be the mask of Lashkars and SIMIs.
"The entire nation, including major metro cities in India, have been put on high alert and they have been asked to step up security in vital installations," a Home Ministry spokesman said.
People are warned about unclaimed baggages and suspicious objects.
This is the first time that Hospitals were also targetted showing the arrogance and ugly face of terrorism.
Two doctors were killed in the hospital in a blast in which at least one bomb was tied onto a gas cylinder. Charred motorcycles and bicycles were shown outside. TV showed victims writhing in pain and covered in blood on hospital floors.
The other bombs were in Ahmedabad's crowded old city dominated by its Muslim community. Many of the bombs were packed into metal tiffin boxes, used to carry food, and stuffed with ball-bearings. Some were left on bicycles.
Police found two unexploded bombs in Ahmedabad on Sunday. The state Government ordered the closure of all shops, cinemas and markets and told people to stay indoors.
Since both Karnataka and Gujarat are BJP ruled states ,other BJP ruling states like Madhya pradesh, Himachal are also put on high alert.
CM Narendra Modi has asked the centre to convene all states CM's meeting immediately to chalk out the plan to tackle terrorism in a combined manner.
Unless the global watch dog US realises and accept Pakistan as the prime source and origin for all terrorism and act against it, the whole world is going to suffer more casualities.
Saturday, July 26, 2008
Bangalore Blasts: Thinking the other way
Police has said that the blast attacks were to create panic among the people.July 25– seven low-intensity blasts in Bangalore on Friday afternoon, killing two people,one being woman and injuring at least 20 others in the second high-profile attack on an Indian city in 10 weeks.
The explosions were on high roads,market pace,Bus stops clearly targeting the innocent people.The motive is unknown immediately.
But,if one analyses the timing the current blasts and some other earlier blasts,that the were always preceded by some political turbulances in the country. This time the trust win of UPA gov among cash for votes/abstaintions scam.
The police will come out and say ISI is behind the work. HUJI or Lashkar may have done it. Whether they flew from pakistan ,did the attaks and went back to pak.It is the local men who are assisting the terrorists.The blame game can not help identifying the culprits behind. One has to conclude that some culprits are helping the politicians to deviate people from talking about cash for votes scam.
It is time to realise that terrorists are hand in hand with the political culprits inside the country and police will be clueless to nab them except to release some photographs of the suspects.
How many terrorists have been arrested in the past several years and brought down under law? Almost none.
Sadam was caught and hanged for global terrorism by the Islamic gov assisted by the US. But here Afsal's case is pending before the gov even after proved to be behind the Indian Parliament attack.Whether 'all the muslims in India are supporting Afsal and we will lose vote if we execute him' is the assesment of the UPA gov.Shame on the gov. Let them learn lessons from the Americans on fighting terrorism.
The explosions were on high roads,market pace,Bus stops clearly targeting the innocent people.The motive is unknown immediately.
But,if one analyses the timing the current blasts and some other earlier blasts,that the were always preceded by some political turbulances in the country. This time the trust win of UPA gov among cash for votes/abstaintions scam.
The police will come out and say ISI is behind the work. HUJI or Lashkar may have done it. Whether they flew from pakistan ,did the attaks and went back to pak.It is the local men who are assisting the terrorists.The blame game can not help identifying the culprits behind. One has to conclude that some culprits are helping the politicians to deviate people from talking about cash for votes scam.
It is time to realise that terrorists are hand in hand with the political culprits inside the country and police will be clueless to nab them except to release some photographs of the suspects.
How many terrorists have been arrested in the past several years and brought down under law? Almost none.
Sadam was caught and hanged for global terrorism by the Islamic gov assisted by the US. But here Afsal's case is pending before the gov even after proved to be behind the Indian Parliament attack.Whether 'all the muslims in India are supporting Afsal and we will lose vote if we execute him' is the assesment of the UPA gov.Shame on the gov. Let them learn lessons from the Americans on fighting terrorism.
Thursday, July 24, 2008
Nifty resistance 4500-4600
It will be difficult to cross 4500-4600 level for the nifty.Even though UPA has won the trust vote and decks are cleared for the nuke deal with US,still the oil price,inflation pressures will continue for the coming many months.So one can not expect much from the profits side of the companies as the gov is forced to take monetary actions.So One has to wait before taking a medium term call.
Nuke deal :companies stands to gain
Reliance power,Ntpc,GMR,L&T,Tata power,BHEL,ABB and the like companies will beneft from the deal as the gov may bring in new rules for the participation of private companies in the production of nuclear power.The gov alone can not invest much for the nuclear plants that are reqired to produce huge MWs of power by 2020.So investors with long term view should slowly accumulate these cap.goods and power stocks in the coming years.
Kalaignar Karunanidhi must find a successor immediately
The veteran leader from the south,Dr.M.Karunanidhi,leading a party with lot of in fights on who should be the successor.The DMK founded by Anna,seperating from Dravidar kazhagam is now totally controlled by the family of kalaignar.With the introduction of kanimozhi into the DMK politics, the finding of successor takes more importance.The fight was visible among Mk.Stalin,Mk.Alagiri and the ousted Dayanidhi Maran.Now Kanimozhi has joined the probables.The high command should decide sooner than later,the successor within the life time of Karunanidhi as the party is vulnerable for splits after him.Kalaignar should show maturity to retire from public life like Jyoti Basu, Sankaraiya,Farooq Abdulla and many others and see how the party functions without him.After all the world is not for one man.The party functionaries should convince the party about the need of the hour.
Monday, July 21, 2008
Learn other languages
Learn chinese,dutch,french,german,italian,japanese,korean,portukese,russian and spanish.
from http://www.elangaugeschool.net/
http://www.chinese-tools.com/
http://www.freejapaneselessons.com/
from http://www.elangaugeschool.net/
http://www.chinese-tools.com/
http://www.freejapaneselessons.com/
Sunday, July 20, 2008
Nifty should sustain above 4175 to buy now
Nifty has sucessfuly moved for the 3 successive trading days to touch 4150 level.But the coming days are crucial as the parliament faces trust vote.if one wants to enter the market now,should wait to see whether the level is maintained to consolidate before moving further.It is an unlkely situation to surpass the resistance level of 4160.One has to take careful decisions.
Will Somnath Chatterji prove as a Communist?
The Speaker of Indian parliament Mr.Somnath Chatterji is a veteran communist leader from west Bengal.He refused to resign from the post before the trust vote on July 22.He is right why should he resign before vote after all this is not a party post of congress.But he will get a chance to prove as a true communist.If both the ruling and opposition parties get the same number of votes,say 270, then the the speaker holds the key.He can vote on the trust vote.That moment will be very interesting,the country is keen to know if he is for the nuke deal or not.Let us wait till July 22nd.
Vishal Information technology IPO
Vishal Information Technologies, the Subsidiary of Tutis Technologies, is entering the capital market on 21st July with a public issue of 27, 90,000 equity shares of Rs 10 each through 100% book building process.
The issue Period: 21st July - 24th July, 2008.
Price band: Rs 140-150.
Vishal Information Technologies Limited (VITL) is a fast-growing IT-enabled services and solutions providing company. The company focuses on providing solutions for the print production industry with services like E-Publishing, E-Book, Print on Demand, Data and Document Management, Data Conversion, Digital Library Management and more.
The company proposes to utilize the net proceeds of the issue to part finance the cost of the proposed expansion of the facilities in Chennai and the cost of setting up Quality Assurance Centre and marketing office in Mumbai.
Listing shares on BSE & NSE.
The issue Period: 21st July - 24th July, 2008.
Price band: Rs 140-150.
Vishal Information Technologies Limited (VITL) is a fast-growing IT-enabled services and solutions providing company. The company focuses on providing solutions for the print production industry with services like E-Publishing, E-Book, Print on Demand, Data and Document Management, Data Conversion, Digital Library Management and more.
The company proposes to utilize the net proceeds of the issue to part finance the cost of the proposed expansion of the facilities in Chennai and the cost of setting up Quality Assurance Centre and marketing office in Mumbai.
Listing shares on BSE & NSE.
Friday, July 18, 2008
Chennai:Psycho Killer back in action
Psycho is back again.He is targeting the night watch men in the city.He has already killed 4 persons in the same manner.How is it possilbe in city like chennai every one wonders.He first attacks the person in the head then fire his body with kerosine.
Whether it is the work of a single psycho or it is anti social elements that are behind the killings,police is investigating.
The city is no more safe if police fail to arrest the culprit quickly.One can can see a lot of persons look like beggars,mentals around the city ,around bridges,parks,temples.why not the police take action before the next casuality.
Whether it is the work of a single psycho or it is anti social elements that are behind the killings,police is investigating.
The city is no more safe if police fail to arrest the culprit quickly.One can can see a lot of persons look like beggars,mentals around the city ,around bridges,parks,temples.why not the police take action before the next casuality.
Don't buy any stocks till UPA wins trust vote
July 22 is very important.UPA gov is seeking a trust vote on that day.If the gov falls market will react badly. one can try buying 3900 puts.But,If the gov survives it will boost the sentiment especially stocks in energy sector will see good buying.Stocks like ntpc,rpower,tatapower,rel energy ,bhel,rcom all will react positively.The presence of Samajwadi party in UPA is negative for RIL .
Thursday, July 17, 2008
Inflation data on thursdays
In this blog,on 6/6/2008 we submitted that release of inflation data during mkt hrs do have impact on the share prices and requested the gov to consider the timing of release. Now, the gov has decided to change the timing that instead of Friday noon,the data will be released on thursday evening.
A good move,Isn't it.Now the traders will get time to see the data instead of knee jerk reactions on fridays.
Similarly,we have asked the companies to release its qtrly results after the market hrs.Lets see what happens.
A good move,Isn't it.Now the traders will get time to see the data instead of knee jerk reactions on fridays.
Similarly,we have asked the companies to release its qtrly results after the market hrs.Lets see what happens.
Wednesday, July 16, 2008
Make new friends
Make new friends from http://www.bigadda.com/
Know how to make friends http://www.succeedsocially.com/
Know how to make friends http://www.succeedsocially.com/
No good news waiting for stock markets 2008
Unless Oil price falls below 100 dollars ,no economic growth can be expected.All the countries are going to suffer including oil exporting countries.If US and Israel attack Iran that will be the worst news.Job seekers find hard to get right job due to slow down.Agri growth is not as expected due to failing rain.
All these concludes 2008 will not be a good year for the stock markets all over the world.
All these concludes 2008 will not be a good year for the stock markets all over the world.
Monday, July 14, 2008
Friday, July 11, 2008
Thursday, July 10, 2008
Nifty resistance
Nifty faces resistance arond 4170-4200 and has support around 3750-3800.
Time for results season and look for inflation.If it crosses 13% more pain will be seen in the markets irrespective of current results as RBI will be forced to take more monetary policies.Interest rates will be hard to digest.We may be going 10 years back.Remember we had 16 -17% interest rates regime 15 years back.
Time for results season and look for inflation.If it crosses 13% more pain will be seen in the markets irrespective of current results as RBI will be forced to take more monetary policies.Interest rates will be hard to digest.We may be going 10 years back.Remember we had 16 -17% interest rates regime 15 years back.
Get indebth knowledge about Nuclear Power
Nuclear power is one we cant avoid for next several decades.Many countries looking forward to build nuclear power plants.But there are lot restrictions from world community as nuclear power can be used for making atomic bombs.The international communities must be assured peace.Every growing country needs energy to fuel its economic growth.As we are utilising the other resources like coal,gas.water to its full ,Nuclear energy is one unavoidable now.International atomic Energy agency is the one which assures safe,secure,peaceful nuclear technologies worldwide.
More information available at www.iaea.org
More information available at www.iaea.org
Free science simulation lessons/Build own pedal power cycle
Free lessons can be had from www.scienceshareware.com
Try building your own pedal power cycle
Try building your own pedal power cycle
Tuesday, July 8, 2008
Left parties breath easy atlast
The much awaited decision came atlast from Prakash Karat,the CPM leader.Left will withdraw support to the UPA gov.The left were very uncomfotable working with cong for the last 4 years since they are fighting directly in all the state where communits are powerful.The only binding force was the anti BJP ism.But, neverthless ,the left has accepted the cong policies for many years.Infact,they should have come out very stongly when the gov failed to check in the sky rocketing price rise of important commdities.What are the positives from the gov,left could claim.It is rural employment scheme (remain to be seen if executed properly) ,loan waiver to farmers ( will go unnoticed in a few years after fresh loans issued),stopping of some disinvestment plans(will get done from new gov with full majority) ,stopped BJP from acqiring power(prsent situation favours BJP to win the next elections).
Any how,they took the decision to break away from cong and they can safely go back to the people to garner votes that is anti cong and anti BJP and to form third force.
All these efforts will end once the next elections are over and the results will reflect the same as of today or either favour BJP.
Any how,they took the decision to break away from cong and they can safely go back to the people to garner votes that is anti cong and anti BJP and to form third force.
All these efforts will end once the next elections are over and the results will reflect the same as of today or either favour BJP.
Saturday, July 5, 2008
Foul Play by Mulayam Singh Yadav
No one could have expected that Mulaym singh and his samajwadi party would join the Congress wagon till recently.This is called political opportunism.They shell shocked the communists by alignig with UPA ,saying,in the interest of the nation to save the nuke deal.But, people could easily understand the SP and Congress position.The UPA desperately looking for support from any side to go ahead with its nuke deal and to save gov till the end of this year.Congress knows that it can not gain more seats ,forget the power, in UP without other party's support.BSP has been critical of Congress.And for Mulayam ,to check BSP he needs the congress.So both parties find this is the right time to come together for each others gain.Congress may have written off the state UP like Tamilnadu where it gave the rule to dravidian parties after Kamaraj and playing politics just to get some more MP's to its favour.But,realising the reality is the right step.In UP,cong is reduced to a smaller party after BSP,SP and BJP.Not even Rahul and Sonia were able to attract people.If the alliance clicks it is good for the cong, to checkmate BJP.Because UP has more no of MP seats and it reduces the dependene on parties like PMK,DMK and other small parties.Will be interesting to see what BSP will do ,whether it will join the NDA ?
On the whole UPA suddenly rised with strenth and and once again proved the politics is only a power game inwhich no one is shy of shifting sides for their personal goals.
On the whole UPA suddenly rised with strenth and and once again proved the politics is only a power game inwhich no one is shy of shifting sides for their personal goals.
Tuesday, July 1, 2008
Good news for stock market if UPA gov survives
Dr.Manmohan singh may survive the floor test in parliament if left parties withdraw support to the UPA gov because of the new emerging sitation.Samajwadi party of Mulayam has come forward to support if is is satisfied with the deal.It is a decision to checkmate Mayawathi gov in UP.But the UPA still needs some more MPs to cross the 272 mark.Since many MPs would want to complete the full term it is possible they extend their tacid support to the gov.So there may not be an early election this year.All depends on Mulyayam's decision.Whatever it is stable gov is a good news for stock markets.
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