This Blog helps in disseminating FREE information related to Stock/Share Markets (domestic and overseas), Finance/Investments & Current Affairs. The content of this blog is for information purpose only - not recommendations, to Buy or Sell Securities.
The data used here, is derived from the sources, deemed to be reliable, but their accuracy and completeness is not guaranteed. The author is not responsible for any loss in investments made, based on the inputs provided here - 28th May, 2006.
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, February 02, 2015
Oil surges 8% as US rig count plunges, shorts cover
[Editor: It was expected and I had hinted about that last week, when most of the "Analysts" across the globe including the savvy Hedge Fund Managers were looking for further weakness. It is natural to understand that ultimately there would be a balance of demand and supply at a particular price tag. I had commented at that time, that the crude oil has perhaps bottomed out at around USD 45 per barrel. Then came positive comments from the OPEC head.
Also, it is pertinent to mention here that the traders had heavily shorted the crude oil market, which also aided to the rise. I had mentioned that the time that the crude oil will now slowly move towards USD 60 per barrel. With the rise in oil, there could be a revival in the global commodity prices, especially Steel, Aluminium and Copper. I am already bullish on the Steel and Ferro Alloys sector and have given a buy on Rohit Ferro Tech Ltd (Rs.8.45) for at least 50% appreciation in the next couple of months]
Jan 31, 2015: Oil prices rocketed more than 8 percent higher on Friday, their biggest one-day gain in two and a half years, after data showed US drillers were slamming the brakes on the shale drilling boom.
In a rally that may spur speculation that a seven-month price collapse has ended, global benchmark Brent crude shot up to more than USD 53, its highest in more than three weeks, after Baker Hughes data showed the number of rigs drilling for oil in the United States fell by 94 - or 7 percent - this week.
Two weeks of relatively stable oil prices have helped shift sentiment after months of decline, setting the stage for the violent rebound on Friday afternoon. Short traders raced to cover their positions on fears that the rout was nearing its end.
Some "short covering was expected and the rig count number sparked the rally late," said Phil Flynn, analyst at Price Futures Group in Chicago.
The rig count drop was the most since 1987. With drillers having idled about 24 percent of their oil drilling rigs since the summer, some traders may be betting that an anticipated slowdown in US oil production is nearer than expected. US oil futures rose by USD 3.71, or 8.3 percent, to settle at USD 48.24 a barrel, soaring by nearly USD 3 in the final frenzied hour or so of trade.