TRACK ME
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With a pick up in merchandise exports and a dip in imports, the country’s current account deficit narrowed sharply to a more manageable 1.2 per cent of GDP in the second quarter bringing Christmas cheer for the embattled United Progressive Alliance (UPA) Government.
CAD — the excess of all goods, services and transfers imported in a period over the total exports — fell to $5.2 billion in the July-September quarter from $21 billion in the year-ago period. This was also lower than the CAD of 4.9 per cent of GDP in the previous quarter, ended June 30, 2013.
The RBI also packed one more surprise: The announcement came in a full month ahead of schedule, perhaps to assuage the market as it ended the lucrative dollar swap window.
Both the Government and the RBI feel that a CAD of 2.5 per cent of GDP is manageable in the current economic context. For the first half of the current fiscal, the CAD has averaged a little over 3 per cent of GDP.
While China has been a key source of gold demand this year, helping to offset selling from exchange-traded funds (ETFs) and a pullback in Indian consumption, the country's bullion imports may slow in 2014, according to ANZ.
Caution is warranted in expecting that the import growth of 2013 will be repeated next year. Over the medium-term, rising real interest rates and poorer capital returns for gold will reduce its desirability as a store of wealth," Victor Thianpiriya, commodity strategist at ANZ wrote in a report.
Gold prices have plunged around 28 percent over the past 12 months - the fourth largest fall over any one-year period since the 1970s - lowering the attractiveness of the precious metal.
As a result, ANZ expects China's imports to pull back 10 percent to 900 million tons in 2014, from a forecast 1,050 metric tons this year. Nevertheless, this would represent the country's second highest level of imports on record and could surpass India for the second year running.
China is expected to overtake India as the world's largest gold consumer this year as the Indian government's crackdown on gold imports, coupled with weakness in the rupee, suppress demand in the South Asian nation.
India's first mission to Mars left Earth's orbit early on Sunday, clearing a critical hurdle in its journey to the red planet and overtaking the efforts in space of rival Asian giant China.
The success of the spacecraft, scheduled to orbit Mars by next September, would carry India into a small club, which includes the United States, Europe, and Russia, whose probes have orbited or landed on Mars.
India's venture, called Mangalyaan, faces further more hurdles on its journey to Mars. Fewer than half of missions to the planet are successfu.
While Mangalyaan takes 1.2 billion dreams to Mars, we wish you sweet dreams!" India's space agency said in a tweet soon after the event, referring to the citizens of the world's second-most populous country.
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(Train For Every Investor)
IF YOU TRY!!!!!!!!
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Warren Buffett’s investment ideas asks us to buy stocksof only those companies whose “fundamentals” are very strong and its stock is available at “undervalued price”. When we say strong fundamentals we mean a healthy financial report, unique product line which is run by exceptional managers.
Think Big TO EARN BIGGG
Track me
What To Do Today..........
Our Opininon for Today's Market.......
1.Market Looks Volatile.....
1.Some Insider Say NIfTy go up to 6200
What To Do Today........
Nifty....Today Face Resistance at......6235...6293..6358
Nifty.....Today Support at ..6105...6032...5992
Nifty Range...4200--------6600
TRACK ME RESEARCH......
NEXT TGT FOR
Sell Nifty Around 6200/6300
Our Opinion for Today's Market.......
1.Stock Specific Movement Expected Today ......
2. Mid-caps Looks Good....
INTRADAY HOT STOCKS: 5/12/2013
BUY ADANI PORT SL 145 TGT 164/168/175
buy godraj sl 265 tgt 290/320
buy rpower sl 712 tgt 77.5/79/82
buy MNM TGT 975/990/1020SL 940
BUY DlF AB 156 TGT 160/164/169 SELL WITH SL 155
BUY NIFTY SL 5950 TGT 6350/6540/6680 SELLBELOW TGT 5700
BUY BANKING AND MINDCAP FOR 15 DAYS UP SIDE 15 % TO ALL
BUY RIIL and jaocorp tgt 20% soon
L&T FINANCE HOLDINGS
(BSE TICKER-533519@ Rs.83/-)
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RBI TO ANNOUNCE NEW BANK LICENCE SOON
L&T HOLDINGS EXPCTED TO GET FIRST BANKING LICENCE !!!!
Rs.120/- Rs.150/-
Alert:- Our Subscriber's Long in Stock!!!
ZEE ENTRTAINMENT
(Bse Ticker-505537@ Rs.242/-)
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BIGGEST BULL RUN YET TO START!!!!
TARGET
Rs.800/- Rs.1200/-
NO IF & BUT!!!
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In January 2013
KirtiscripscaN Research
Brings A Unique Stock In Your Knowledge & Declare It Stock of Year 2013!!!!!
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Stock Then Trading Around Rs.18/-
As Per Our Unique Modal Of Research & Technical Anlysis .
We Saw Something Big Can Happen In Stock In Coming
Months!!!!
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After Hitting High of Rs.24/- In Last Week of January 2013!!!!!
Stock Fell 50% In Next 6 Months & Made Double Bottom Around June 2013 !!!!!!
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In July 2013 Tide Turn For Stock When Stock Cross First Major Resistance on Chart Around Rs.17/-
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Company Sold Its Some Business Around Rs.270cr
On 13th August KirtiscripscaN Predict Company May Declare Very Big Dividend In Coming Months !!!!
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Yesterday As Per BSE Announcment Company Decare Dividend of Rs.29/- Per Share!!!
DELTA CORP
(Bse Ticker-532848@ Rs.89/-)
Stock Again Ready For Big Up Move
Above Rs.101/-
Uppar Range For Stock Rise to Rs.140/-
TARGET
Rs.98/- Rs.101/- SL Rs.79/-
AVANTI FEEDS
(Bse Ticker-512573@ Rs.268/-)
Stock Ready For Next Big Up Move
Above Rs.255/-
TARGET
Rs.282/- Rs.340/- SL Rs.211/-
STATE BANK OF INDIA
(Bse Ticker-500112@ Rs.1785/-)
Market Volatile
TARGET
Rs.1760/- Rs.1740/- SL Rs.1820/-
Forget Short Term Movment
