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.

Monday, June 24, 2013

Market Mantra
It seems from the morning trade the Nifty_Future is holding steadily above 5590 mark, which gives some confidence to the BULLS. Buy Nifty_Futures 5595, T--5700 (June Expiry), SL--5500. Fundamentally speaking there are few positive news too, which is expected to drive the Nifty up in the coming days: 
(i) GOLD: Finance ministry increased duty drawback benefit for gold jewellery exporters. This will help shore up in INR.
(ii) BANKING: RBI has lowered the risk weight and standard asset provisioning requirements for loans to residential housing projects. This is positive both for the Banking and Housing (Real Estate) Sector.
(iii) RUPEE: RBI is set to further ease India Inc's access to ECBs to arrest the
currency's decline. Positive for the INR.
(iv) ONGC: Has commissioned the first unit of the region's single largest 363 MW gas fired thermal project at Palatana in Tripura.
(v) Crude Price: The Fall in the crude price in the international market is positive for the INR.
(vi) Information Technology (IT): According to Cogencis data, the rupee has depreciated around 5% against the dollar so far this month. Following the sharp fall in the rupee against the dollar, Infosys in a statement said it sees a "very high" chance of the Indian currency remaining above 60 rupees per dollar in the near‐term, on the back of global and domestic factors. There is a direct impact of cross‐currency movements on Indian information technology companies, as most large players in the sector get around 80% of their revenues from overseas. A 1% depreciation in the value of the rupee leads to as much as 50 basis points gains in the operating margins of most information technology companies.
Glodyne Tech Ltd hits the Buy Freeze before cooling down a bit. The IT stocks will make wind-fall gain from the depreciation of the INR against the USD.  The company gets a large chunk of money from its overseas operations.