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Indian Markets are most likely to open gap down in a big way and continue to trade down though volatility is not ruled out. Inflation figures to be announced late in the day will add no good to the markets. Though markets tend to surprise when all the pointers are looking bleak, unlikely to happen this time. Blood continues to spill in the midcap domain, where stocks are flying all over in the beginning of January 2008. We expected a huge correction in January or February but the extent of the correction is definitely beyond our expectations. Lack of retail participation only added to the woes of the falling market.
Blackstone is likely to increase stake to 12.2 percent in Nagarjuna Constructions reports a pink paper. The US private equity giant continued to add stakes in companies like Gokaldas Exports, Allcargo Global.
Stay on sidelines but long term investors are encouraged to add on dips as market continues its journey to reach Mr.Bottom. We are suffering since our neighbours are suffering. Our house is never safe if neighbours house catches fire! Internally our fundamentals are still strong.Nifty has tested 4800 twice and bounced. Hope we dont fall below it else the U would become even more flatter.We sees a recovery only in April and after
We saw some tired looking recovery on Wednesday. Will this sustain is another
question. The FII's have been continuously selling for the sake of meeting the redemption pressures from their investors. Many call up ask me why are FII's selling? Dont they find value in this mkt? The answer is that they do find values but the investors for the sake of safety and in panic keep redeeming their investments and hence FII's have no other option but to sell at what ever levels they can.
The next obvious question is when will this money return? Like the previous
crashes we may not have sharp recoveries. We always have been seeing a V shaped fall and a recovery this time it would be a U shaped and that too a U with a flat bottom, something like this... “ I_I “ and how long will this bottom be depends on the state of US economy. As of now we are not falling or rising on out own fundamentals or technicals we just see how US and Asia and EU mkts are doing and react to them.
People are now realising there is value in the market but theres no money to buy. Nifty has tested 4800 twice and bounced. Hope we dont fall below
it else the U would become even more flatter.We sees a recovery only in April and after
Stock in News- Petronet, GSS America, Advanta, KEC International, Adhunik Metalliks and many more stocks hit the headlines today.
Advanta India Ltd has acquired Garrison & Townsend (GT), a US company producing and marketing sorghum.
Mumbai based Parsvnath Developers is venturing into luxury malls segment in Metro Cities.
Reports are abuzz that MCX, in which Financial Technologies hold majority stake might delay the IPO due to Commodities Transaction Tax levied in the budget.
GAIL India Ltd is likely to pick up Asian Development Bank’s 5.2 per cent stake in Petronet LNG Ltd.
FM suggested the banks to lower the interest rates on housing loans of up to Rs 20 lakh.
Tech company GSS America Infotech is listing on the bourses today.
KEC International is planning to acquire a US based mid-sized company from the same segment (EPC) it operates in
Reports indicate Tata's are on the look out for USD 3 billion loans for the acquisition of Jaguar, Land Rover