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PM says revive animal spirits
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A day after he assumed additional charge of the finance ministry, Prime Minister Manmohan Singh on Wednesday hinted at corrective action on the tax front. That indicated the government might re-look at the implementation of retrospective legal amendments to tackle the Vodafone tax case and the General Anti-Avoidance Rule (GAAR)
In a meeting with top finance ministry officials, Singh said, “We need to revive the investor sentiment, both domestic and international.”
THE PMO TWEETS.....
"In the short run, we need to revive investor sentiment, both domestic and international"
"Immediate emphasis is to manage balance of payments, for which all policies should be directed to help institutional flows to India"
"Revive the animal spirits in the country's economy"
"Reverse the climate of pessimism"
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The millionaire club is set to witness a major boom as their numbers are expected to more than double to 4.03 lakh by 2015 on the back of a robust economic growth and impressive returns from stock and property markets.
The total wealth of these millionaires, having minimum investible assets of USD 1 million, is also estimated to more than double to about USD 2.5 trillion by 2015, a report on Asian wealth market has said.
nvestment banking major CLSA said in its report, titled 'Wealthy Asia' that there were a total of 1,73,000 millionaires in India at the end of 2010, with total wealth of USD 949 billion (over Rs 42,00,000 crore).
For 2015, the report forecasted the country to have as many as 4,03,000 HNWIs (High Net Worth Individuals), who have been classified as those having minimum investible assets of USD one million, with a combined wealth of USD 2,465 billion (more than Rs 1,00,00,000 crore).
CLSA said that wealth growth in India was expected to be "extremely strong" on the back of strong economic growth and robust returns from key asset classes.
"The stock market should provide almost 14 per cent annual returns, while we estimate Indian properties to rise on an average close to five per cent per annum," it said.
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What To Do Today........
Nifty....Today Face Resistence at......5195...5235...5278
Nifty.....Today Support at ....5075...5035...4965
Nifty Range...4200--------6600
TRACK ME RESEARCH......
NEXT TGT FOR
WE SHORT NIFTY @6100 TGT 5350 / 4800
OUR 1 TGT HIT NIFTY 5350 OUR 2 TGT ALSO
DONE 4850 NEXT 4600/4200
DONE 4850 NEXT 4600/4200
Our Opininon for Today's Market.......
1.Stock Specific Movement Expected Today ......
2.Midcaps Looks Good....
INTRADAY HOT STOCKS:29/06/2012
BUY GAIL AROUND @350- 352 TGT 357/360 SL347SELL BELOW 345
BUY AXIS BK AB@ 1025 TGT 1035/1050 SL 1012 SELL BELOW 995
BUY MNM ab@ 697 TGT 701/706 SL 692 SELL BELOW 690
BUY cairn @ 329-330 tgt 333/337 sl 326
buy reliance @ 725 tgt 729/736 sl 721SELL BELOW 720
ABAN AND EDUCOMP LOOK GOOD
AVANTI FEEDS
(BSE TICKER-512573@ Rs.130/-)
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IN JULY 2011 WE DISCOVERED THE STORY OF INDIAN AQUACULTURE INDUSTRIES
WE RECOMENDED AVANTI FEED@ Rs.40/- TO OUR SUBSCRIBER's
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STOCK RISE TO Rs.154/- in NEXT 6 Months
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Almost 400% Gain
NOW JULY 2012 ALMOST COME
STOCK READY FOR NEXT BIG UPMOVE
COMPANY TO DECLARE Q1RESULT ON 14th JULY
WE EXPECT GREAT-GREAT- RESULT
TARGET
Rs.300/- Rs.500/-
Alert :- Great Chance to Buy at Lower Level.
Waterbase Ltd
(BSE TICKER-523660@ Rs.13/-)
A Thaper Group Company!!!!!
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IN JULY 2011 WE DISCOVERED THE STORY OF INDIAN AQUACULTURE INDUSTRIES
WE RECOMENDED WATERBASE@ Rs.7/- TO OUR SUBSCRIBER's
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STOCK RISE TO Rs.24/- in NEXT 6 Months
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Over 300% Gain!!!!
NOW JULY 2012 ALMOST COME
STOCK READY FOR NEXT BIG UPMOVE
WE EXPECT SOME BIG ANNOUNCEMENT FROM COMPANY
TARGET
Rs.32/- Rs.50/-
Great Chance to Buy at Lower Level
JSW ENERGY
(BSE TICKER-533148@ Rs.51/-)
TARGET
Rs.62/- Rs.75/-
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