WINNING STROKES: THINK DIFFERENT:

Nothgate Technologies Ltd hit the 3rd consecutive buyer freeze. Yesterday the stock moved up with huge volume and ulitmately  hit the buyer freeze. If sources are to be believed, then this time the stock could cross Rs.100 (Yes you have heard it right---rupees one hundred). This stock was repeatedy recommended in this blog, as a super duper multi-bagger. More such multi-baggers are coming for the Paid Groups in future.

The Paid Members and those free members who were on my Yahoo Messenger were asked to accumulate the scrip yesterday. During the market hours when the Sensex was down around 350 points, the message was sent through Yahoo Messenger to cover their shorts. The next was history, the markets recovered to close at some respective levels. The fact that the Nifty is above 4900 is much solace for many of the bulls. The investors were also asked to accmulate HDIL at Rs.300 and Orbit Corporation Ltd yesterday, during the market  hours through Face Book.

Today also Sanguine Media Services Ltd moved up with good volumes. Yesterday also the stock clocked good volumes. What is interesting is that 98.65% were delivery based buying.

Phoenix Inernational Ltd was asked to be accumulated during the market hours when the stock came out of the circuits,  yesterday. Needless to say that the stock hit the buyer freeze. I  hope many paid members were able to accumulate the scrip during the market hours.

This blog got the highest number of hits yesterday, surpressing the previous day's high of 895 (Eight hundred ninety five) hits in the last 24 hours. This is the highest number of hits per day (or in the last 24  hours) since inception, more than 3 years ago, just on an experimental basis.

India Inc dispels Dubai debt fears

Stock markets skidded today, commodity prices took a beating, Kerala panicked and even Bollywood worried as Dubai’s $60-billion debt woes sparked fears over corporate and bank exposure to the crisis. Indian companies and banks played down the impact, saying the exposure was not significant.

The banking regulator and the government, too, also tried to calm sentiments stating that impact looked marginal. However, the Reserve Bank of India asked for data from banks on their exposure to Dubai World, the centre of the crisis.

While RBI played down the issue, it emerged that Bank of Baroda (BoB) had an exposure of around $200 million (Rs 928 crore at today’s rates) to Dubai World. “The amount is due for repayment only after 2011. So, we have no immediate concern,” a senior bank executive said.

State Bank of India officials said they had only $50 million exposure to Dubai World and there was no reason to worry over the “low” exposure.

The Bombay Stock Exchange after opening at 16,718.80 slipped to a low of 16,210.44, down 645 points from the previous close. The panic seemed to subside after the opening of the European bourses, which led to the late recovery in the Indian markets. DLF, ICICI Bank clarified on exposure to Dubai.

Some analysts played down the impact on the markets, saying the money involved was not as big as in some other cases in the past. However, valuations of some real estate initial public offerings set to hit the market may come under pressure.

The importance of the Indian link to Dubai can be gauged from the fact that Indians constitute 40 per cent of its population, forming 10-12 per cent of India’s inward remittances. Thirty one per cent of 5.3 million Indians in the gulf region are in the UAE.

The financial crisis in Dubai may not affect remittances sent by Indian expatriates in Gulf, policymakers and economists said, though Prime Minister’s Economic Advisory Council felt there could be a slow-down. “Remittances from expats did not suffer when the larger crisis was on. So whether this should have an impact in terms of employment, salaries and remittances is unlikely,” said finance secretary Ashok Chawla.

Global commodities experienced steep fall today as investors and hedge funds across region unwound their long positions following the crisis. Most commodities were down 3-5 per cent as dollar strengthened. [From Internet]