Presidential Elections: Support Dr.Meira Kumar

Bihar and Jharkhand governments have no choice but to support Dr.Meira Kumar. As defeat of "Bihar ki Beti" will invariably bring Shame to the Biharis and Jharkhandis (or erstwhile unified Bihar). Do you think that, people of Bihar will leave Nitish Kumar Scott - free, if Dr.Meira Kumar loses ? So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar.

Moreover, if Nitish Kumar wants to fall in the BJP's well calculated electoral TRAP no one can save him in the next election.

Also, I am surprised to see Mr.Navin Pattanayak, so easily chewing the RSS bait. Orissa is a state, where there is large chunk of Tribal Christian voters loyal to the BJD (Biju Janata Dal). I am still to fathom, BJD's sudden electoral gamble of siding with the RSS and the BJP; when Mr.Pattanayak has been maintaining distance from them since some time.

Besides, the election of Dr.Meira Kumar, who is educated, experienced and very sober, might also correct some of the historical mistakes of not making her father, the Prime Minister of India.

Also, I don't think all the Muslim and Christian MPs and MLAs from the TDP and TRS will ever support a RSS backed Candidate, who acted against Dalit Christian and Muslin reservations. Therefore, invariably cross voting will take place, which might give the underdog, Ms.Kumar, a win. Support Dr.Meira Kumar, give a conscience vote and make her the 2nd Female President of India.

All the best to Dr.Meira Kumar.....👍✌

Saturday, April 13, 2013

Story repeats on St: FIIs buy, locals shy
Domestic investors continued to pare stake in Indian companies last quarter, taking their shareholding to 13-quarter lows, even as foreign institutional investors (FII) upped their stake significantly to all-time highs.

An analysis of shareholding pattern for 143 of the BSE 500 companies that have declared their March-end shareholding pattern so far shows that both domestic institutional investors, including insurance companies, banks and retail investors, reduced their stake as they sold shares heavily last quarter.

Domestic institutional investors (DIIs) reduced their stake in 97 companies while increasing holdings in 39 firms. Following this, their average shareholding in these 143 companies has come down by 38 basis points (bps) on a sequential basis and by 58 bps for the full year the highest fall in the last five years.

Similarly, average shareholding of retail investors has come down by 5 bps on-quarter as they continued to book profits in the equity markets.

"Domestic investors are shying away due to redemption pressures. But going ahead, I feel incremental savings will start flowing into equity from other physical assets like gold and real estate," said Navneet Munot, CIO, SBI Mutual Fund.

Among domestic institutions, the Life Insurance Corporation (LIC) was among the biggest sellers, reducing stake in several frontline stocks where the prices had appreciated a lot. In all, the DIIs sold shares worth Rs34,000 crore last quarter, while retail investors were net sellers by Rs1,000 crore.

FIIs, on the other hand, have hiked stake in 93 companies while reducing stake in 47, to take their average stake in these companies up from 13.48% in December quarter to 13.96% in the March quarter an all-time high for this set of 144 companies.

K Ramanathan, executive director and CIO, ING Investment Management, said the inflows from foreign investors have been significantly high for the past few years on account of abundant global liquidity and lower interest rates prevailing in developed economies.

"FIIs have shifted their focus from developed markets to emerging markets, where they find higher growth comparatively. Domestically, fund houses and insurance companies are faced with heavy redemption from investors," he said.

FIIs poured in Rs.54,750 crore in Indian equity markets during the quarter the second-highest quarterly inflows since September 2010. 

Courtesy: DNA India.