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.

Thursday, November 21, 2013

Nifty took a nose dive yesterday in the last hour of trade, after it moved range bound for almost the entire day. The bears took the Nifty_Spot to a level of 6107, yesterday finally settling at 6123 with a mammoth loss of 80 points.
The Bull rally which started from around 5972 seems to have lost its strength, with a strong reversal yesterday. Long positions should therefore, be avoided, unless 6000-6030 mark in case of Nifty_Spot holds. However as long as Nifty Spot is trading above its 200 DSMA/ DEMA, this market is still a buy, albeit with very cautious attitude. As of now 50 DSMA / DEMA is trading above its 100 DSMA / DEMA, which does not indicate any PANIC like situation in the market. FIIs are continuously buying Indian equities since the last few weeks and there is optimism regarding containing of Fiscal Deficit and the RBI governor shifting his focus towards growth. The Nifty_Spot is now trading at 6024.
Resistance: 6050 / 6080
Support: 6000 / 5970
Key US indices ended down on Wednesday after minutes of the Federal Reserve's Oct 29-30 meeting showed that they might begin tapering their $85 bln monthly bond-buying programme in the coming months.
Most Asian indices were down today, tracking weak the US indices.
The domestic share indices are likely to extend losses, with minutes of the US Federal Reserve's October meeting indicating that they may taper the bond-buying programme in the coming months. 
Stocks to watch for today’s trade:

 (+VE) SAIL: To raise iron ore output capacity to 43 mln tn per annum by 2015-16 (Apr-Mar) from
existing 28 MTPA.
(-VE) APOLLO HOSPITALS: Is planning to add 800 beds in the next 5 months, which will take total capacity of the company to 10,000 beds by March.
(-VE) RIL: The government has slapped an additional penalty of $792 mln on the company for producing less than targeted natural gas its KG-D6 block
In my personal account, I have taken some Suzlon Energy Ltd at Rs.9.60. If you are willing for some speculation then you can enter or else can avoid.  
I have seen some advisory service recommend Cubex Tubings Ltd (BSE Code: 526027) on the back of higher topline (Rs.10.31 Cr  in Q2FY14 Vs 9.33 Cr, Q-o-Q) and a net profit of Rs.6.16 lakhs against a net loss of Rs.3.93 lakhs in Q2FY13. But, if we look closely then we would find that, it has come on the basically due to other income component of Rs.78.39 lakhs. Moreover, Finance cost has also inceased on Q-o-Q basis though sequentially it has come down substantially. A clear AVOID though the price of the scrip at Rs.5.14 is mouth watering. One can however, keep an eye on the scrip, to see if this is ushering any turnaround.