SumanSpeaks: The Information Super Highway

  Winning Strokes The BSE Sensex was last seen at 56,926.03 down 434.15 points (-0.75%),while the Nifty was seen trading at 17,053.65 down 147.70 points (-0.86%).  The market breadth, indicating the overall health of the market, was negative. FIIs net sold Rs.1,174.05 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs.1,643.84 Cr. Yesterday in US, selling was witnessed as investors dumped equities on fears of an economic slowdown, spooked by high inflation. Investors are worried about a Covid surge in China. Regarding the war in Ukraine, a top Russian official said the threat of nuclear war is Real. On the positive, India continue to show high growth momentum, with its GDP is projected to grow fastest in the world. This is likely to attract foreign funds in Indian shores. Hence use the dips to accumulate good shares at reasonable prices. ---------------------------------------------------------- # There is a Festival Offer for th...

Reliance Naval & Engineering Ltd (Rs.3.55) is Now in Safe Hands: NCLT Shouldn't Change its Decision.. Before starting the discussion, let us first look at a few questions, as mentioned below. Photo : Lokmat Times. Q.1. How is Mukhesh Ambani is related to Nikhil Merchant? Q. 2. So who exactly is #Nikhil #Vasantlal #Merchant and why he holds so much clout that senior ministers and bureaucrats speak of him as a man who can get things done? Q. Isn't it true that Naveen Jindal, a former Member of Parliament, Lok Sabha from Kurukshetra, Haryana and is currently the Chairman of Jindal Steel and Power Limited, belongs to Indian National Congress, headed by Rahul Gandhi? Q. Will NCLT shift to the Congress connected Navin Jindal (of JSPL) from the #Blue #Eyed boy of #Narendra #Modi (Nikhil Merchant)? Q. Isn't it now apparent that in the deal to takeover, the debt ridden Reliance Naval and Engineering Ltd (Rs.3.65), all the four: Nikhil Merchant, Nikhil Gandhi, Mukhesh Ambani ...

  Winning Strokes Today, the markets went for selling at the end of the day. The BSE Sensex tanked by 664.32 points (-1.16%) to 56,502.42, while the NSE shed 198.40 points (-1.16%) and was last seen trading at 16,975.25.  I basically feel two reasons for the indices to come down suddenly: (i) The money is coming out of the overvalued Large caps and entertaining the Mid and Small caps. (ii) Fresh Covid - 19 scare might have spooked the retail investors. However, you should use this kind of opportunity to accumulate good shares at a reasonable price. #As expected A2Z Infra Engineering Ltd freezes hit another buyer Freeze at Rs.13.45. We can look for good targets going forward. #The shares of Reliance Naval and Engineering Ltd hit the Upper Circuit today at Rs.3.75. Accumulate for targets of Rs.11/12. You should buy and keep holding, since you know the story. The lenders will not agree to go with JSW Energy not only because its bid is too low, but also because Nikhil Merchant is...

  Winning Strokes Yesterday, the BSE Sensex closed at 58,576.37 down 388.20 points (-0.66%), the Nifty ended the day at 17,530.30 down 144.65 points (-0.82%).  The FIIs were net sellers to the tune of Rs.3128.39 crore, while DIIs were net buyers of Rs.870.01 crore. But FII selling only on the peg of expected US interest rate hike is too childish. The broader market declined sharply. The BSE Mid-Cap index slipped 1.45% and BSE Small-Cap index lost 1.47%. On the BSE, 1,110 shares rose and 2,316 shares fell. A total of 90 shares remained unchanged. Last week, the RBI kept repo rate unchanged at 4%, while maintaining its accommodative stance after the conclusion of the MPC meeting on 8 April 2022.  Reverse repo rate stands at 3.35%. The MPC voted unanimously to maintain an accommodative stance. For FY23, real GDP growth is projected to be 7.2% (down from 7.8% estimated in the previous policies). The CPI inflation is seen averaging at 5.7% (up from 4.5% estimated earlier). #Th...

  Will the RBI Hike the Interest Rates? In its last bi-monthtly meeting in February, the Indian central bank left the key lending rates unchanged. The repo rate, at which RBI lends to banks, currently stands at 4%. The reverse repo rate, at which RBI borrows from banks, is 3.35%. Photo : The Business Standard The RBI has kept the policy rate unchanged since May 2020 and maintained its accommodative stance to ensure adequate liquidity to support growth and long-term economic recovery – though, with the threat of inflation looming large, the RBI is sure to give some indication of how to deal with it at the next meeting. While retail inflation as measured by the Consumer Price Index (CPI) exceeded the RBI's target band of 2% - 6% in January and February, at 6.01% and 6.07% respectively, it remained within an arms length from the central bank's revised projections. The RBI in its February statement projected inflation of 5.7% for the March, 2022 quarter and 5.3% for 2021-22. In the...