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The India Meteorological Department (IMD) has declared southwest monsoon over Kerala, at least two days ahead of forecast.
The onset is thought to have been prec
ipitated by the “pull” effect of super typhoon Songda in the northwest Pacific that is just about entering the weakening phase on an eastward track beyond east China Sea.
The IMD said in its update on Sunday evening that the southwest monsoon has set in over most parts of South Arabian Sea, Kerala, some parts of Tamil Nadu, south Bay of Bengal and South Andaman Sea.
The IMD update said that the northern limit of monsoon passed through Aminidivi, Kozhikode, Kodaikanal and Nancowry.
Meanwhile, the last 24 hours ending Sunday morning saw widespread rainfall being reported from Kerala and Lakshadweep, fairly widespread rainfall over the Northeastern States, West Bengal and Sikkim.
YES!!!!!!!!!
Part-II
India has the fundamentals to emerge a winner in the super-cycle, potentially becoming the world’s third-largest economy by 2030... India is likely to grow faster, on average, than China over the next two decades," Standard Chartered Global Research said in 'India in the Super Cycle.
In 2010, the world's major economies were USA ($14.6 trillion), China ($5.7 trillion) and Japan ($5.4 trillion). India did not figure among the top ten, as per International Monetary Fund data.
By 2030, StanChart said India will be at number three position with an economy of $30.3 trillion, behind China ($73.5 trillion) and US ($38.2 trillion).
It said that the country's demographic advantage, with half its population below the age of 25 years, with rising per capita income will ensure strong domestic demand.
"India has many of the features that will enable it to emerge as a winner in the super-cycle. We believe the winners will be those countries which have cash, commodities, or creativity, or a combination of these factors. India does not have an abundance of cash or commodities, but it has creative potential," it said.
StanChart said India has potential to catch up with China and the developed world.
Based on our forecasts, India's nominal GDP could top $30 trillion by 2030, against its current level of around $1.7 trillion. By 2030, India could be 8.4 times bigger than it is today, while China is estimated to grow 4 times bigger and the EU and US 1.7 times," it said
Often, consensus views of India's growth potential turn out to be too pessimistic. Thus, trend growth has often been assumed to be lower than that which materialises... Taking all of these factors together, our 9.3% projection for average Indian growth until 2030 may prove conservative. Trend growth, in my view, could even be nearer 12-13% a year," it said
By Super-Cycle, StanChart refers to the major periods of global economic growth
The first super-cycle took place from 1870 till the eve of the First World War in 1913 and saw the USA jumping from the fourth position to become the world's largest economy
The second super-cycle was from the end of the World War-II in 1945 and lasted till early 1970s and saw emergence of Japan and the East Asian economie.
According to StanChart, the third super-cycle, which is currently in progress and has touched Asia, Middle East, parts of Africa and Latin America could transform the world economy over next few decades.
China is likely to overtake the US to become the world’s biggest economy over the next decade... We factor in a trend rate of growth of 6.9% for China, allowing for setbacks along the way, and of 9.3% for India," the report said.
Among the positive features of the Indian economy, StanChart listed a balance between consumption and investment and strong macroeconomic management. It listed infrastructure shortage, public health care and vulnerability to global oil prices as the major challenges for the country.
1.Camlin stake sale deal with Kokuyo to be announced today!!!
Yes!!!!
n a move that will pave the way for Japan’s Kokuyo Co Ltd to become a strategic investor, Mumbai-based Camlin Ltd will announce a stake sale with it tomorrow.
The deal, persons in the know say, is being done at Rs 110-115 per share. This means a valuation of two times Camlin’s estimated 2010-11 sales of Rs 370 crore or 25 times its estimated 2010-11 earnings before interest, depreciation, taxation and amortisation.
2.Top economists to compute black money
Yes!!!
The government has commissioned a study to be undertaken by three top economic think tanks to estimate the extent of black money or unaccounted income generated both within and outside the country, a finance ministry statement said on Sunday.
Be Alert!!!!!!!!!!!!!!
Something not going good in market!!!!
Stay Cautious in Near Term!!!!!
Yes!!!!!!!
You All Know What Happened in Market!!!!!
Always..............track me Brings.......Accurate Idea of market Trends
When Street Talker Barking......
Street Talker Barking.....Nifty Can go 4800...4500...4200 Due to High Crude Price..........
Ongoing Scams Budget Worries
When.....................
Just See...........
1. Billionaire investor George Soros's hedge fund dumped most of its gold holdings during the first quarter, according to a securities filing on Monday.
Yes!!!!!!!!
Smartest People' Getting Out of Commodities!!!!!
2.History suggests a change in margin like that of the CME is a death verdict .
Yes!!!!!!
Poll !!!!
A poll of analysts and traders showed an overwhelming negative bias for prices this week. Eight out of 12 respondents expect oil prices to drop, three believe prices will rebound while one expects prices to remain little changed.
Markets likely to do better in second half of this year: Morgan Stanley
According to a recent report by Morgan Stanley Research on emerging markets , the first half of the year will continue to be difficult in terms of returns but the performance is likely to improve in the second half of the year!!!
The report highlights three possible scenarios for the MSCI Emerging Market Index-a bull case, a bear case and a base case. It assigns different weightages to each (see graphic).
Accordingly, the report says, earnings are likely to see a deceleration in EPS growth, from around 40% YoY in 2010 to 13% YoY in the base case and 4% in the bear case!!!
FII Figure!!!!!!
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What To Do Today........
Nifty....Today Face Resistence at....5495...5538....5580
Nifty.....Today Support at .....5425...5382...5355
Nifty Range...4800--------6600
TRACK ME RESEARCH......
NEXT TGT FOR
WE SHORT NIFTY @6100 TGT 5350 / 4800
OUR 1 TGT HIT NIFTY 5350
Scammmmmmmmm Rumors Every where So Stay Away...
Our Opininon for Today's Market.......
1.Stock Specific Movement Expected Today ......
2.Midcaps Looks Good........
INTRADAY HOT STOCKS: 31/05/2011
BUY AXIS BK @ 1242 TGT 1248 /1260 SL 1237 SELL BELOW 1230 TGT HIT
SELL HINDALCO @ 192 TGT 190 /186 SL 195
SELL MNM @ 664 TGT 660 /655 SL 668TGT HIT
BUY DLF ABOVE 233 TGT 238/240 SL 229.4 TGT HIT
TODAYS PAID CLIENT CALL
BUY TATAPOWER@ 1210 TGT 1227 TGT HIT
BUY BANKNIFTY@ 10750 TGT 10850 TGT HIT
BUY NIFTY@5499 TGT 5540 TGT HIT
BUY MUNDRAPORT@ 157 TGT 162 TGT HIT
SELL RCAP@ 500 TGT 490 TGT HIT
BUY AXIS@ 1260 TGT 1275 TGT HIT
BUY SESGOA@ 285 TGT 290 TGT HIT
BUY SKSMIC@ 354 TGT 384 TGT HIT
BUY SHIP@ 754 TGT UPPER,
COOMODITIES BUY NICKEL @ 1041TGT 1055 TGT HIT
BUY COPPER@ 416 TGT 418 TGT HIT
CURRENCY
SELL USD@ 45.20 TGT 45.10 TGT HIT
positional SELL RCOM @ 108 TGT 85 / 60 SL 112 1 tgt hit
(Bse Ticker-533055 @ Rs.145/-)
EdServ is World's first 4th generation education company that uses technology to efficiently synchronize manpower demand and supply in number and skills right from development to deployment. The size of India's addressable market, favorable demography, growing acceptance of technology-aided learning, and EdServ's innovative Humanware Education And Deployment System (HEADS) coupled with its trademarked content enable rapid growth. Its business model is scalable nationally and internationally.
EdServ is promoted by Mr. S. Giridharan, as senior technocrat of Indian IT space who is a pioneer in Job oriented education of 90's. He has over 2 decades of experience in Education having been instrumental in the success of SSI and Radiant education brands. Giridharan later led ELMAQ education brand and subsequently sold to Lambent and merged all the businesses under EdServ
EXCELLENT RESULT EXPECTED TODAY!!!!!!!!
TARGET
Rs.300/- Rs.500/-
ESCORTS LTD
(Bse Ticker-500495 @ Rs.122/-)
Will Dance on Monsoon Tune!!!!!
TARGET
Rs.127/- Rs.142/- SL Rs.114/-
TATA COFFEE
(Bse Ticker-532301@ Rs.834/-)
Rumors of Stake Sale in Market!!!!!!!
Intrady Target
Rs.862/- Rs.890/- SL Rs.818/-
ULTIMATE TARGET
Rs.1100/- Rs.1200/-
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