India Stocks Outlook: Look a little Subdued in this week; fate of US bailout Package will determine the next move of the bourses: Excerpts from the Sunday Report to the Paid Groups: Sector outlook only to the Paid Members: · Uncertainty over the fate of the $700-bln U.S. bailout package for the financial sector will continue to haunt the world-wide bourses in this week. · Mirroring the Asian peers, the Indian indices took off in a weak note in the beginning of the week and from thereon, the indices continued their dismal performance, as selling pressure intensified. Incidentally, FIIs remained net sellers in the cash market but were net buyers in the derivatives segment. Mutual Funds, too, were net sellers during the week. · Though few days back the market seemed a bit more optimistic as Nifty shot up to 4300 after the bailout package announced by the US Government, but unfortunately it has lost nearly 7-8% from those levels. The debate over the proposed $700 billion bailout of the fi...
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Buffett, Anil Ambani betting big on US economy: New York:Amid the worsening financial crisis in the US, business publication Forbes has named legendary investor Warren Buffett and Indian billionaire Anil Ambani among the world's richest business people who are investing heavily in the American economy. The US publication Forbes has drawn up a list of the wealthiest people in vesting huge sums of money even as the American President feels the country's economy is in danger. "The world's wealthiest business people are still wheeling and dealing even as President Bush warns 'our entire economy is in danger'," the magazine said. Other names in the list are Hollywood director Steven Spielberg (networth USD 3.1 billion), American fund manager John Paulson (USD 4.5 billion), Hong Kong billionaire Li Ka-Shing (USD 26.5 billion), Russia's Alexander Mamut (USD 1.2 billion) and Mikhail Prokhorov (USD 19.5 billion), Thailand's beverage tycoon Charoen Siriv...
Ahmedabad: 17 crude bombs found Zardari vows to 'suck oxygen out of Taliban's system' New York: Pakistan President Asif Ali Zaradri has said that he wanted to suck life out the Taliban and other terrorists so that the menace of terrorism is uprooted for ever in his country. He said he wanted to fight out the Taliban because it were a cancer to the Pakistani society, which killed his wife. “I will fight them because they are a cancer to my society, not because of my wife only, but because they are a cancer, yes, and they did kill the mother of my children, so their way of life is what I want to kill. I will suck the oxygen out of their system so there will be no Talibs,” the Daily Times quoted him as saying in an interview the International Herald Tribune. “It is my decision that we will go after them, we will free this country. Yes, this is my first priority because I will have no country otherwise. I will be the president of what?” he added. He further said that he wan...
Tentative accord reached on bailing out bankers: WASHINGTON - Congressional negotiators and the Bush administration's top Treasury officials go to work Sunday on settling the final details of a historic $700 billion Wall Street bailout aimed at keeping credit flowing and saving the nation's shaky economy from collapsing into a c rippling recession. "We've made great progress. We have to get it committed to paper so that we can formally agree," House Speaker Nancy Pelosi, D-Calif., told reporters in announcing the tentative deal shortly after midnight Sunday. Congressional leaders hope to have a House vote on the measure Monday, with a vote in the Senate coming later. All sides expressed optimism and Senate Majority Leader Harry Reid, D-Nev., said he expected an announcement soon. "We've still got more to do to finalize it, but I think we're there," said Treasury Secretary Henry Paulson, who participated in the negotiations in the Capit...
Bailout progress - Rep. Frank sees pact by Sunday WASHINGTON - Lawmakers say they're making progress and hope to reach an agreement over the weekend on a $700 billion government bailout to rescue Wall Street bankers from the bad loans that threaten to derail the economy and send it into a deep and lo ng depression. In a sign of movement, House Republicans dispatched their second-ranking leader, Rep. Roy Blunt of Missouri, to join the talks after their objections to an emerging compromise had brought negotiations to a standstill. Negotiators were pushing for a deal before Asian markets open Monday. "I'm convinced that by Sunday we will have an agreement that people can understand on this bill," said Massachusetts Rep. Barney Frank, a key Democrat in eight days of up-and-down talks designed to stave off an economic disaster. House Speaker Nancy Pelosi added that "progress is being made," although Friday came and went without senior lawmakers from b...
Why Warren Buffett invested in Goldman Sachs?? Is it the best time to invest in the Indian Markets, when the inflation is falling and the Indian Banking systems is as strong as steel???!! What to do with the IT stocks when the Rupee is Falling like dry leaves???!!! Will the RBI start reducing interest rates when the money supply is around 25%???!!! These issues will be discussed in the next weeks's Sunday Report to the Paid Groups!! When Warren Buffett's Berkshire Hathaway invested $5 billion in Goldman Sachs, it came as a major surprise. Since the billionaire's massive investment comes at a time when the United States has been rocked by its worst financial crises and the country is still debating whether the $700 billion bailout plan should be cleared or not, it has set tongues wagging. Was Buffett making a mistake? Should he have waited till a final decision on the bailout plan was taken? On September 24, Goldman Sachs announced that it had reached an agreement to sell $5...
WINNING STROKES : Kernex Micro Systems Ltd recommended yesterday to the Paid Groups at Rs.98--Rs.99, through Yahoo Messanger, rose more than 8% today. CESC Ltd recommended to the Free Groups today rose up to Rs.298.85 from Rs.279.5, generating massive volumes. The adjacent picture on the right is of CESC House, Kolkata. On the left are the pictures of Titagarh and Southern Generating Stations of CESC Ltd. Generation and Distribution of Power (Electricity) are the core businesses of CESC Ltd. Its two subsidiaries which are engaged in the Real Estate and Retail businesses, have huge growth potential going forward. The company paid a dividend of 40% per share in FY08. The stock is expected to give at least 50% returns within the next 6-8 months time frame. My Strongly recommended KEC International Ltd to the Free and Paid Clients rose to Rs.391 before cooling down. It is one of the finest scrips in the power sector and will shoot to Rs.500--Rs.6 00 in the next 6 months time frame. My...
Firms bet on emerging markets in economic downturn By Ben Hirschler and Georgina Prodhan It is good to see Sha*kar Sh**ma using my language to describe the markets. Media companies need these kinds of controversial persons to make millions LONDON - Companies remain determinedly bullish about prospects in emerging markets, despite recent market turmoil which has savaged developing stock markets, a survey said on Tuesday. Emerging stocks have lost about a third of their value this year, reflecting investor aversion to risky markets particularly amid recent turmoil, and with worries a developed world slowdown will hurt previously meteoric economic growth rates in countries such as China. But 87 percent of executives operating within emerging markets are optimistic about company revenues over the next two years and just 3 percent are pessimistic. Eight out of 10 are similarly optimistic about profitability, the Economist Intelligence Unit poll of 1,300 executives in emerging markets at com...
WINNING STROKES: THINK DIFFERENT : In today's morning report to the Paid Groups the following message about Reliance Industries Ltd was sent: RIL, the country's largest company by market capitalisation, is planning to spend an additional Rs 10,000 crore to produce natural gas from discoveries that were not a part of the original development plan in the Krishna-Godavari (KG) basin. Reliance Industries has for the first time teamed up with China's China National Petroleum Corporation (CNPC) to win an oil and gas block in Peru in an effort to expand presence in Latin America. Reliance Exploration and Production DMCC, a fully owned subsidiary of Reliance Industries, along with CNPC and Argentina's Pluspetrol last week won rights to explore for gas in Block 155, in the southern highland department of Puno, next to the border with Bolivia. Those who have shorted RIL would have to pay a heavy price going forward. Because any rise in crude prices will be positive for the Relian...
Winning Strokes: Think Different : The markets are looking extremely good for investment... but which sectors to be on.....????!!! What is the name of the Software Counter, I am recommending the Paid Groups this Sunday (read today) in which a big bull has good positions??!!! The company in which one of the Promoters is a Bengali is expected to do well in the days to come...... A Group member of SumanSpeaks ( http://finance.groups.yahoo.com/group/SumanSpeaks/ ), Ashok Mahajan sent the following message to me: "sumanda you are 100% right.bull hit sh*nkar sh*rma today. suman da u always see future of stock market and always u r right. thanks suman da" Another one of the Yahoo Group,SumanSpeaks ( http://finance.groups.yahoo.com/group/SumanSpeaks ) named Shreeram Joshi, sent a more pungent one about Sha**ar: "why to belive on him???? he was behind the bar" But, unfortunately, the media channels (read Finance Related Channels) like this big "F"...ool of the ...
Winning Strokes: Think Different: [Updated] Yesterday I asked the risk taking investors of my Paid Groups to buy scrips or keep accmulating--this time also I am correct to the lees. In today's morning mail, it was mentioned that some activities could be seen in the Reliance Industries Ltd due to the new developments in the company and Infosys Tech could get new orders from Bank of America---both the scrips zoomed today. It was further mentioned in my morning newsletter to the Paid Groups, that this new development in Reliance Industries Ltd could pull up the other Reliance Group companies and the same thing happened. Most of the scrips in the Reliance Pack moved up in tandem with Reliance Industries Ltd. I am still telling you the maximum beneficiary would Reliance Industrial Infrastructure Ltd. Those who will invest at the CMP of Rs.719, would get their investments doubled by March, 2009--only in 6 months. Which instrument will give you such mind boggling returns. Meanwhile, Kohi...