All about money that one needs
This week we saw markets crashing down drastically. Sensex and NIFTY both are down over 7%. Inflation is cooling down. Current inflation is at 6.61 compared to 6.84 last week. See the life as crude is below 35$. Satyam is banned by World Bank for 8 years. (Don’t carry any long position is this scrip) [...]
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US ended lower as its GDP comes out bad. UK is now officially in Recession after two consecutive quarters of negative GDP. Europe ended lower. Asia has started off week. Indian markets are bonded to open negative. The support for the Sensex is 9531-9328 and the resistance to the up move is at 10060-10324 Nifty: [...]
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All bad news for Satyam at a single time. In order to correct erroneous press reports, the Bank has confirmed that it declared Satyam ineligible to receive direct contracts from the World bank under its corporate procurement program for a period of eight years. Satyam was declared ineligible for contracts for providing improper benefits to [...]
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IT companies continue to ride along a rough patch, given the global macro-economic challenges. Though this has adversely impacted their valuations on the bourses, not all is lost for the sector. While concerns such as lower IT budgets for ’09 and turmoil in the banking, financial services and insurance (BFSI) space remain, positive factors like [...]
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Last week markets remained up due to good global cues. I was shocked as US (Obama) is giving Pakistan 100 billion $ loan for its economic upliftments. US is actually playing double sided game. It is giving Pakistan this amount as it has supported its Afghanistan base. The Satyam and Maytas deal was called off [...]
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Yesterday the badly beaten up stock Satyam which was down over 35% is up today 10% odd. It had announced to buy Maytas Infra day before yesterday (the day when Satyams ADR was down over 55%). But yesterday it plans to cancel the deal. Why did they do so? ( Canceled the deal off) Satyam [...]
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US markets ended volatile in red. Europe was trading mixed. Asia opened weak but now has picked up. Expect Indian markets to have a flat to negative opening. Satyam takes a U turn by canceling the deal with Maytas Infra. Markets can go either ways depends on FII’s buying and profit booking. The support for [...]
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US markets ended a positive note. Europe ended flat. Asia has opened a bit higher on an average of 1%. Indian markets are bonded to open higher. Satyam Computers acquires 51% stake in Maytas Infra and 100% stake in its property. The deal is of whooping 1.6 Billion USD. Yesterday Satyam’s ADR was down over [...]
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