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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....5630...5678....5720
Nifty.....Today Support at .....5545...5502...5485
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: 03/06/2011
BUY VIDCON ABOVE 190 TGT 193.5 /196 SL 187.4 open
SELL INFOSYS BELOW 2810 TGT 2785/2760 SL 2740 BUY ABOVE 2848 TGT HIT
SELL REL CAP BELOW 505 TGT 500/490 SL 510 TGT HIT
SELL SUNTV BELOW 265 TGT 258/250 SL 269 OPEN
SELL TATA ST BELOW 473 TGT 468/465 SL 476 BUY ABOVE 478 TGTHIT
BUY PFC @ 205 TGT 208/212 SL 203.4 TGT HIT
TODAYS PAID CLIENT CALLS:
SELL NIFTY @ 5598 TGT 5540 TGT HIT
SELL TATA MOTER@ 1040 TGT 1020 TGT HIT
BUY 5500 PE@ 90 TGT 115 TGT HIT
SELL RELINF@ 580 TGT 568 TGT HITSELL RIL@ 950 TGT 940 TGT HIT
SELL COAL @ 400 TGT 395 TGT HIT
COMMODITIS
SELL SILVER@ 54200 TGT 53700 TGT HIT
SELL COPPER@ 412 TGT 406 TGT HIT
CURRENCY
SELL USD@ 45.9 TGT 44.80 TGT HIT
positional SELL RCOM @ 108 TGT 85 / 60 SL 112 1 tgt hit
VIMTA LABS LTD
(Bse Ticker-524394 @ Rs.29/-)
Vimta Labs is India’s leading contract research and testing organization. Established in 1984 VIMTA has an envious track record of serving several market leaders across the globe.
VIMTA is a multi-site organization with more than 300,000 sqft world class laboratory facilities.
Big Operator Already Take Position in Stock!!!!
Expected to be Greatest Turnaround Story of 2011-2012!!!!!
TARGET
Rs.42/- Rs.60/-
SONA KOYO STEERING SYSTEMS LTD
(Bse Ticker-520057 @ Rs.17/-)
Total Income For FY2010-11 Rs.1208cr
Rise 45% From FY2009-10
Net Profit For FY 2010-11 Rs.44.5cr
Rise Over 150%
TARGET
Rs.22/- Rs.27/- SL Rs.14/-
BF UTILITIES LTD
(Bse Ticker-532430 @ Rs.773/-)
Stake Sale in Nandi Infrastructure Corridor Enterprise Ltd
(NICE), a subsidiary of BF Utilities on cards!!!!!
Rumors!!!!!!!
One more FDI in NICE Expected very Soon!!!
TARGET
Rs.890/- Rs.1050/-
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