Bulls to Dominate Power, Real Estate, Media & Banking Sectors...The Joker in the Pack: Stock from Retail Space....
(ii) The government said it would not cancel all the coal blocks, because it would amount to political stupidity.
(iii) Also, in the US, the Wall Street Participants are expecting another round of QE.
(iv) The so called "COALGATE" scam is turning to be a mere eye-wash, as the government refused to cancel most of the coal block allocations. Also, the shrillness of the BJP is toning down, a bit. Moreover, there is positive news for Reliance Power Ltd too, as the company started coal production from its Sasan mines (Moher and Moher-Amlohri extension mines--two of the three mines) to fuel its 4000 MW Sasan ultra mega power project (UMMP), India's largest domestic coal-based power plant. This could take the stock above Rs.100 once again.
(v) The market is yet to give the credit to the positive news: GAAR may be deferred for 3 (three) years and STCG may be abolished. The positive effect of these news could be too hard for the bears to handle. Because our markets are governed more or less by the FII money.
Now additionally the ECB’s meet is eyed on 6 th September, 2012, which is expected to announce some positive measures to support the EU economy.