Discrimination faced by Mumbaikars...

If the housing societies in Mumbai (Bombay) are only meant for families (married couples), then the government of Maharashtra should make marriage compulsory in the state/city.
Or else the government should tell its citizens where will Unmarried, Divorcees, Bachelors, Spinsters live in the city of skyscrapers or is Bombay only for those who have families.
This is one of the greatest mental blocks of Mumbaikars, who otherwise want to bask in the FALSE HALO of Cosmopolitanism.
This disease (of not giving apartments to Bachelors, Muslims, etc on rent) is specially prevalent in housing societies where the Gujaratis, Marathis and North Indians (to some extent) abound; while the rest of the population is more or less okay with the concept.
The government of Maharashtra should take this matter seriously and devise laws to eradicate this malice ASAP, so that BOMBAY (and its suburbs) becomes free of discrimination based on Marital Status, Religion, etc. Or else the Honourable Supreme Court of India should step in, and give directions to the state or central governments -- so that the fundamental rights of its citizens enshrined in the constitution of India is not violated.

Wednesday, April 17, 2013

Market Mantra
Tulip Telecom Ltd hits the buyer Freeze in the opening trade. The scrip is flying since the last few days. CMP: Rs.14.40.
When most of the infrastructure companies are moving up, we can expect B F Utilities Ltd (CMP: Rs.256.50) also to be moving up in the next few hours. The company is doing lot of projects and at the same time, it has wind power projects, which are going to get benefited from the recent announcement from the government. Also, the infrastructure stocks are moving up today, on the rate cut optimism by the RBI in the next policy meet.
Kingfisher Airlines Ltd is out of the lower circuits and is currently trying to move above Rs.7, on the new found optimism, that the required funding for the airlines would come from the UB Group and also the debt of the company has come down substantially during the last few days, due to the selling of the shares by the Banks (which were kept as collateral against the loans taken by the KFA Ltd). This will also have a positive effect on the interest cost on the company. It has already clocked in huge volume and this rise shows that there is an appetite for the scrip in the market. I think the retail investors are picking up the scrip of this once reputed airline for some positive development in the coming days. It seems the competitors of the Kingfisher Airlines Ltd tried to use the media to their own benefit, for the reasons best known to all. One of its group company UB Holding Ltd has already hit the upper circuits at Rs.40.60. CMP: Rs.6.80.
Yesterday, the markets performed better than expected. A reasonably flat opening was followed by sustained buying which took Nifty to around 5700 mark. The bulls were in full charge of the things and there was total absence of intraday correction---Nifty_Spot closed with a gain of 121 points. Inability of the bears to break 5475 (Nifty_Spot) level and a rise above 5615 has turned the market trend upwards. Nifty has reentered the zone above 200 DMA. Shares from almost all sectors are participating in the up-move setting an immediate target of 5850 for Nifty. It seems that intermediate correction that started in February has come to an end and uptrend is likely to get resumed. The Investor can continue to hold with their Nifty longs, for a target of 5850 (spot), in the coming days. There could be intra-day correction, which should be used to build up long positions. Nifty_Spot is now trading at 5680, which I am sure will improve in the coming hours.
Resistance: 5750 / 5790
Support: 5670/ 5645
US Equities ended up 1% on Tuesday, after hitting five-month lows on Monday, buoyed by robust earnings by index majors and positive economic data.
In Asia most indices rose as robust earnings by select companies in the US and positive economic data triggered bargain buying. However, the Asian markets are now showing mixed trend.
Fundamentally speaking, the stock indices may trade with a positive bias as the Nifty closed above its crucial resistance of 5650 on Tuesday & higher then estimated profit reported by Reliance and HCL Tech. However, profit booking at higher levels may cap the upside.
Today, Reliance Mediaworks Ltd moved to Rs.51.80 and Reliance Broadcast Network Ltd to Rs.27.80. In case of Reliance Broadcast Network Ltd, there is a positive news: BIG CBS Prime has inked deals with distribution platform providers to expand its reach to 30 mln households.