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.

Friday, June 13, 2014

Nifty has witnessed massive profit booking today, after the brent crude oil shot up to 9-month high and was trading over $114 per barrel, up 0.65 per cent and crude oil was up 0.65 per cent at $107.22 per barrel. Inability of cross the level of 7700 twice shows a break in the one way upmove. On the other hand the level of 7580 has also not been broken in 3 trading sessions. This suggests that the market is placed between these two bounds  and further move can only be ascertained above 7700 and below 7580. Today, FIIs were net buyers to the tune of Rs.192.5 Cr while DIIs were net buyers of Rs.385.71 Cr of Indian equities. In such a circumstance, what should the investors do? Now do you know which shares should be averaged and which not? Blind averaging of shares will only block your GOOD MONEY money, into BAD INVESTMENTS. I therefore, generally do not suggest to average, except in some special occasions, but still my clients strongly insists, as they feel they are making losses on the investments. But that is only one side of the story; professional traders hardly average. I consider all these new fads, like "Rupee Cost Averaging Method" and its types, as Sham, and are basically suited for amateur traders or new comers. Join the Paid Service or my Recommended brokerage house to stay ahead of others. Also, a question to the market regulator: why are most of the small cap stocks placed in the T-group? What is the logic behind the move? Some shares even though does not have any volume, but still languish in the T-group, for days and weeks---most unfortunate. The NDA government should replace this non-functioning team of SEBI and replace them with those who are market friendly and understands the pains of the small investors. 
Resurgere Mines and Minerals Ltd his another buyer freeze in NSE at Rs.1.65. In the BSE too it hit the upper circuits only to cool down a bit at the end of the day and close at Rs.1.85.. 
The Economic Times, 13 June, 2014 says, "Oil prices have moved higher on international bourses after a jump of 2 per cent in previous session. The brent crude oil shot up to 9-month high and was trading over $114 per barrel, up 0.65 per cent and crude oil was up 0.65 per cent at $107.22 per barrel. Brent futures rose towards $114 a barrel on Friday on supply concerns". This is positive for all the upstream oil companies, like Shiv-Vani Oil and Gas Exploration Ltd (Rs.22.70), ONGC, etc. 
Surprisingly the shares of the company Marg Ltd today hit the lower circuits at Rs.21.50, in tandem with the correction witnessed in the stocks of the infrastructure space. However, this scrip is special as the honorable Supreme Court has ordered the company to go in for an open offer at Rs.91 per share. So, on what ground, the scrip goes in for such massive correction? 
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