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, March 21, 2015
Stock market wrap: Sensex waits as US Federal Reserve delays rate hikes
March 20, 2015: The week ended March 20 saw some volatility in the markets. After opening at 28,546 on March 16, the BSE Sensex closed at 28,293 on March 20, registering a loss of 250 points.
During the week, the market gained 200 points and lost 300 points on the same day, exhibiting some amount of nervousness. The major announcements for the week that impacted the market was the announcement of the WPI. Considering that disappointing consumer inflation numbers dampened the market sentiment last week, all eyes were set on wholesale price index data for the month of February 2015.
According to official figures, the wholesale inflation dipped to (-) 2.06% in February as prices of food articles, manufactured items and fuel products fell during the month. This was the fourth month in a row that WPI-based inflation remained in negative, which brought some respite to the market. According to a report by Dun & Bradstreet, the headline WPI inflation is expected to be in the range of (-) 0.2% to (-) 1.8% during March, driven by weak demand conditions and lower commodity prices. This is likely to keep a check on the downward interest rate direction.
The next big factor to impact the market was the US Fed meeting to decide the direction of interest rates. The US central bank said that it is not in a hurry to increase interest rates as long as inflation was tame and economic growth moderate. Although the markets initially reacted positively to the news, some amount of profit-booking was witnessed on March 19.
"Increase in interest rates in US can have an impact on the Indian currency as well as stock markets as funds may flow out of India or additional funds may not come into India. Going ahead, fiscal reforms by the government will be the triggers for the markets to sustain and move higher from current levels." says Dipen Shah, head, private client group research, Kotak Securities. The Fed has removed the word "patient" from its statement, which markets believe is a signal that rate hikes can come in near future.
"India has come back to the important domestic factors like development at budget session and downgrading of Q4FY15 expectation. Market will look at the immediate stanza of post-budget reforms. The Land & Coal Bill is an important part of the same," says Vinod Nair, head, fundamental research, Geojit BNP Paribas Financial Services. Among other developments, the Minerals and Mining Bill was passed by the government, which is a jumpstart.
The week's gainers among the Group A stocks were Rasoya Proteins (+33%), Rajesh Exports (+21%), Just Dial (+21%), Page Industries (+14%), Gujrat State Petronet (+12%), DLF +(11%). The major losers for the week amongst the Group A stocks were PMC FIncorp (-19%), Shree Renuka Sugars (-17%), HDIL (-14%), Jindal Steel and Power (-14%). Alok Industries and Persistent Systems lost 13% each.
Among sectoral indices, the BSE Mid-Cap index ended 200 points down for the week, the Small Cap index lost 370 points, BSE Bankex was down 200 points for the week and the Auto index shed 300 points during the same period. On the other hand, the defensive Healthcare Index was up 200 points and the IT Index rose 70 points.
FII activity for the week has been rather subdued, with a major sale of Rs 900 crore pursuant to the US Fed meeting on March 19.