tag:blogger.com,1999:blog-45656479708995053742024-03-08T06:19:09.909-08:00First Look: 'Raajneeti'Nilehttp://www.blogger.com/profile/11710321277617768573noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-4565647970899505374.post-22938403837572161002011-04-03T20:23:00.000-07:002011-04-03T20:36:23.696-07:00Technical Outlook: Bullish bias shows followthrough...<div> <h1 style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Market Outlook: </span><span style="font-weight: normal; font-size: 10pt; font-family: Verdana;">Indian markets are expected to open on the positive note and trade range 5800-5880 while On the global space US markets end higher on jobs report; euro, oil up too and Asian markets trade higher; Hang Seng, Shanghai up 1%. Overall outlook for the markets today is that of cautious optimism with 5800 levels as a major support.</span></h1> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><b><span style="font-size: 10pt; font-family: Verdana;">Global events to watch</span></b></p> <p class="MsoNormal" style="margin: 0in 0in 0pt 0.25in; text-align: justify;"><b><span style="font-size: 10pt; font-family: Verdana;"> </span></b></p> <p class="MsoNormal" style="margin: 0in 0in 0pt 36.75pt; text-indent: -18.75pt; text-align: justify;"><span style="font-size: 10pt; font-family: Symbol;"><span style="">Þ<span style="font: 7pt 'Times New Roman';"> </span></span></span><span style="font-size: 10pt; font-family: Verdana;">Employment Index</span></p> <p class="MsoNormal" style="margin: 0in 0in 0pt 36.75pt; text-indent: -18.75pt; text-align: justify;"><span style="font-size: 10pt; font-family: Symbol;"><span style="">Þ<span style="font: 7pt 'Times New Roman';"> </span></span></span><span style="font-size: 10pt; font-family: Verdana;">Jobless Claims</span></p> <p class="MsoNormal" style="margin: 0in 0in 0pt 36.75pt; text-indent: -18.75pt; text-align: justify;"><span style="font-size: 10pt; font-family: Symbol;"><span style="">Þ<span style="font: 7pt 'Times New Roman';"> </span></span></span><span style="font-size: 10pt; font-family: Verdana;">Chicago</span><span style="font-size: 10pt; font-family: Verdana;"> PMI</span></p> <p class="MsoNormal" style="margin: 0in 0in 0pt 36.75pt; text-indent: -18.75pt; text-align: justify;"><span style="font-size: 10pt; font-family: Symbol;"><span style="">Þ<span style="font: 7pt 'Times New Roman';"> </span></span></span><span style="font-size: 10pt; font-family: Verdana;">Factory Orders</span></p> <p class="MsoNormal" style="margin: 0in 0in 0pt 0.25in; text-align: justify;"><b><span style="font-size: 10pt; font-family: Verdana;"> </span></b></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><b><span style="font-size: 10pt; font-family: Verdana;">Global indices Update @ 8:</span></b></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><b><span style="font-size: 10pt; font-family: Verdana;"> </span></b></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><b><span style="font-size: 10pt; font-family: Verdana;">Dow Jones<span style=""> </span>: 12376<span style=""> </span>(+56.99)</span></b></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><b><span style="font-size: 10pt; font-family: Verdana;">NASDAQ <span style=""> </span>: 2789<span style=""> </span><span style=""> </span>(+08.53)</span></b></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><b><span style="font-size: 10pt; font-family: Verdana;">Nikkei 225<span style=""> </span>: 9778<span style=""> </span><span style=""> </span>(+69.89)</span></b></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><b><span style="font-size: 10pt; font-family: Verdana;">Hang seng<span style=""> </span>: 24055<span style=""> </span>(+253.4)</span></b></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><b><span style="font-size: 10pt; font-family: Verdana;">SGX CNX Nifty<span style=""> </span>: 5875<span style=""> </span><span style=""> </span>(+10.00)</span></b></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><b><span style="font-size: 10pt; font-family: Verdana;">Gold (USD/t oz.)<span style=""> </span>: 1431 <span style=""> </span>(+02.40)</span></b></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><b><span style="font-size: 10pt; font-family: Verdana;">Nymex Crude (F)<span style=""> </span>: 108.5<span style=""> </span>(+00.65)</span></b></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><b><span style="font-size: 10pt; font-family: Verdana;">INR / 1 USD<span style=""> </span>: 44.65</span></b></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><b><span style="font-size: 10pt; font-family: Verdana;"> </span></b></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><b><span style="font-size: 10pt; font-family: Verdana;">Technical Outlook: Bullish bias shows followthrough...</span></b></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><b><span style="font-size: 10pt; font-family: Verdana;"> </span></b></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Friday was a rather dull affair but what was important about the day's trading was that it managed to hold on to the gains made during the week and created yet another up day, making it two weeks in a row of rising trends. There is no doubt that after such a frenetic 10-day run, the trends would certainly be at an overbought or stretched state and therefore it is most logical to expect some sort of a pullback or at least a consolidation in the indices. But the scenario could be shifting to non-index stocks and that may create a new domino of its own, especially if the mid and small cap stocks get into a trot. </span></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"><br />Now, that seems quite likely if one takes a look at the mid cap index as well as the charts of many of the stocks. There appears to be either some brisk upward price action or even some accumulation patterns in certain stocks that is suggestive of a return of interest to this area. In this week we don't really have any market moving events or newsflows. hence we are likely to see fund flows as well as localised concentration of demand supply as the main mover of prices. This is more easily achieved in the small and mid cap space and hence we would recommend readers to shift their attention also to this segment. The time for momentum investing could be making a comeback.<br /><br />Considering however, that most people have their money stuck in some non performing stock or the other, there are two choices. Either exit from some of them (mostly, booking a loss) or get new money. Depending on which is more convenient, one should play the coming week. Mid cap stocks in the Futures space too should see some good action. Expecting the Nifty to run somewhat range bound, albeit with an upward bias, one should be looking for shorting Puts as one of the ways to play the market ahead. Alternatively, if the action slows down even more than expected, then shorting straddles and strangles of ATM strikes could also prove to be an effective way of handling this week. </span></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"><br />Monthly pivot is at 5615 while weekly pivot is at 5575. The daily pivot for today is at 5860. While the former two are to be used as support buy levels during the week, we can use the daily pivot level to gauge how to position ourselves in the market during the day. There is enough overhead room still left in the market for day traders to still play long on upside breakouts. But understand that the higher we go the greater the risk. Address that and then enter.</span></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><b><span style="font-size: 10pt; font-family: Verdana;">STRATEGY FOR THE DAY:</span></b><span style="font-size: 10pt; font-family: Verdana;"> Intra day dips are to be looked upon as buying opportunities. A narrow range of 5835-5870 has been built up. Look for this range to be resolved as one of the pointers for day trades. Positional players need to be using bigger dips into support as buying opportunities. Shift focus towards mid cap stocks and check out the ones that are staging volume led advances. Try finding news in some of these names as those are the ones that would be in play.</span></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><em><b><span style="font-size: 10pt; font-style: normal; font-family: Verdana;">Stocks to buy if market is strong</span></b></em></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"><strong>GREAT OFFSHORE</strong></span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Shipping counters managed to sail along on Friday and this counter did particularly well.The strong breakout on volumes saw a fantastic closing to the week. With daily charts showing healthy signals of buying emerging after some consolidation one can consider some buying opportunities today.</span></p> <table class="MsoNormalTable" id="table1" style="width: 100%;" border="0" cellpadding="0" width="100%" height="58"> <tbody> <tr style=""> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 61.46%; background-color: transparent;" width="61%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Entry</span></p></td> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 16.76%; background-color: transparent;" width="16%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Stop</span></p></td> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 20.12%; background-color: transparent;" width="20%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Target</span></p></td></tr> <tr style=""> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 61.46%; background-color: transparent;" width="61%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Buy around 270-272</span></p></td> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 16.76%; background-color: transparent;" width="16%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">3 point</span></p></td> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 20.12%; background-color: transparent;" width="20%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">275 / 278 / 280</span></p></td></tr> <tr style=""> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 61.46%; background-color: transparent;" width="61%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Or dips to 266</span></p></td> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 16.76%; background-color: transparent;" width="16%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">3 points</span></p></td> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 20.12%; background-color: transparent;" width="20%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">270 /273 / 275</span></p></td></tr></tbody></table> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><b><span style="font-size: 10pt; font-family: Verdana;"> </span></b></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><b><span style="font-size: 10pt; font-family: Verdana;">THERMAX</span></b><span style="font-size: 10pt; font-family: Verdana;"></span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">This engineering counter has shown some upward traction as it broke out from its range displaying a buing participation on Friday. The sustained volumes indicate that buying interst is still evident pushing prices higher. The higher top higher bottom formation invites us to go long in this counter.</span></p> <table class="MsoNormalTable" id="table1" style="width: 100%;" border="0" cellpadding="0" width="100%" height="58"> <tbody> <tr style=""> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 61.46%; background-color: transparent;" width="61%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Entry</span></p></td> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 16.76%; background-color: transparent;" width="16%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Stop</span></p></td> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 20.12%; background-color: transparent;" width="20%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Target</span></p></td></tr> <tr style=""> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 61.46%; background-color: transparent;" width="61%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Buy above 634</span></p></td> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 16.76%; background-color: transparent;" width="16%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">5 points</span></p></td> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 20.12%; background-color: transparent;" width="20%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">640/644/647</span></p></td></tr> <tr style=""> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 61.46%; background-color: transparent;" width="61%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Or dips to 629</span></p></td> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 16.76%; background-color: transparent;" width="16%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">5 pointS</span></p></td> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 20.12%; background-color: transparent;" width="20%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">635/639/642</span></p></td></tr></tbody></table> <p style="margin: 0in 0in 0pt; text-align: justify;"><em><b><span style="font-size: 10pt; font-style: normal; font-family: Verdana;"> </span></b></em></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><em><b><span style="font-size: 10pt; font-style: normal; font-family: Verdana;">Stocks to sell if market is weak</span></b></em></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><b><span style="font-size: 10pt; font-family: Verdana;">SKF INDIA<br /></span></b><span style="font-size: 10pt; font-family: Verdana;">The bears have stuck into this counter as they are not allowing any recovery attempted in this counter. As prices neared its prior top they were overwhelmed with supplies triggering a collapse. The steady fall resulted in support around 575 being broken decisively.The declining momentum suggests shorts.</span></p> <table class="MsoNormalTable" id="table1" style="width: 100%;" border="0" cellpadding="0" width="100%" height="58"> <tbody> <tr style=""> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 61.48%; background-color: transparent;" width="61%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Entry</span></p></td> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 16.76%; background-color: transparent;" width="16%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Stop</span></p></td> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 20.12%; background-color: transparent;" width="20%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Target</span></p></td></tr> <tr style=""> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 61.48%; background-color: transparent;" width="61%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Sell below 565</span></p></td> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 16.76%; background-color: transparent;" width="16%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">5 points</span></p></td> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 20.12%; background-color: transparent;" width="20%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">558 / 554 / 551</span></p></td></tr> <tr style=""> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 61.48%; background-color: transparent;" width="61%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Rallies near 571-573</span></p></td> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 16.76%; background-color: transparent;" width="16%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">5 points</span></p></td> <td style="border: medium none rgb(236, 233, 216); padding: 0.75pt; width: 20.12%; background-color: transparent;" width="20%"> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">564 / 560 / 557</span></p></td></tr></tbody></table> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><strong><span style="font-size: 10pt; font-family: Verdana;"> </span></strong></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><strong><span style="font-size: 10pt; font-family: Verdana;">NIFTY RECOMMENDATIONS FOR THE DAY</span></strong></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Buy Nifty above 5875 stop 5835 for tgt 5920.</span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Buy Nifty on dips near 5775 stop 5760 for rise to 5840.</span></p> <h1 style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></h1> <h1 style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Stocks in Action for the day: Siemens, JSW Steel, United Spirits, Wipro</span></h1> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong><span style="font-size: 10pt; font-family: Verdana;"> </span></strong></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong><span style="font-size: 10pt; font-family: Verdana;">Wipro: </span></strong><span style="font-size: 10pt; font-family: Verdana;">-To buy global oil & gas tech info arm of SAIC for USD 150 million <span style=""> </span>-Wipro says to add 1,450 staff through SAIC deal -Hope to strengthen energy business operations via SAIC operations buy Wipro says: On CNBC-TV18 <span style=""> </span>-Energy identified as vertical for organic, inorganic growth -Post acquisition, revenues from Europe, US will be nearly equal -Expect deal to be completed this quarter -SAIC will carve out this business, closure in 45-60 days -Deal also involves buying out arms in Europe, Oman</span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong><span style="font-size: 10pt; font-family: Verdana;">CBI sources say </span></strong><span style="font-size: 10pt; font-family: Verdana;">-Charge sheet names 9 persons & 3 companies -Charge sheet filed under sec 420, 120B, 13(2)B of PC ACT -125 witnesses, 654 documents, 12 accused part of chargesheet CNBC-TV18 Alert: Swan Telecom was associate firm of Reliance Telecom </span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong><span style="font-size: 10pt; font-family: Verdana;">2G charge sheet arrives in court in 7 steel trunks </span></strong><span style="font-size: 10pt; font-family: Verdana;">-Special court begins hearing; CBI charge sheet submitted -Gautam Doshi, Sanjay Chandra, Vinod Goenka named: sources -Shahid Balwa, A Raja, S Behura, RK Chandolia named -Balwa, Behura, Chandolia, Raja produced in court</span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong><span style="font-size: 10pt; font-family: Verdana;">2G case hearing: </span></strong><span style="font-size: 10pt; font-family: Verdana;">-Lawyer faults CBI probe on several counts <span style=""> </span>Balwa's lawyer says CBI prejudiced in approach -Balwa's lawyer says Swan not a beneficiary from FCFS policy -Balwa's lawyer says Swan has no connection with Reliance Comm -Swami's lawyer seeks copy of charge sheet, defense opposes</span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong><span style="font-size: 10pt; font-family: Verdana;">Divestment Update </span></strong><span style="font-size: 10pt; font-family: Verdana;">-PFC FPO likely May 1st week, PFC RHP likely April 3rd week -ONGC, SAIL FPOs likely in Q1 :: -IndianOil FPO not likely before year-end -Finance Ministry prepares cabinet note for NBCC IPO -10% divestment likely in NBCC -MMTC, RINL FPOs also likely in FY12</span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong><span style="font-size: 10pt; font-family: Verdana;">DoT says got court order staying on Idea-Spice Merger </span></strong><span style="font-size: 10pt; font-family: Verdana;">-Idea says will resist dot's move to scuttle merger</span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong><span style="font-size: 10pt; font-family: Verdana;">NMDC </span></strong><span style="font-size: 10pt; font-family: Verdana;">-FY11 production of iron ore up 6% at 25.19mt <span style=""> </span>-Iron ore sales up 9% at 26.33mt<br />-Turnnver likely to increase by 80% <span style=""> </span></span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong><span style="font-size: 10pt; font-family: Verdana;">DoT finalises Draft Broadband Policy: CNBC-TV18 exclusive </span></strong><span style="font-size: 10pt; font-family: Verdana;">-Draft Note Sent To Ministries For Discussion CNBC-TV18 alert <span style=""> </span>Note incorporates TRAI broadband report Broadband policy may be sent to cabinet in a month</span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">BSNL to be nodal agency to implement fibre rollout -Broadband policy execution divided in 3-phases -Execution of phase 2 & 3 to depend on need -DoT estimates 5 Lakh Km of additional optic fibre required -Optic fibre rollout to cost Rs 20,000 crore CNBC-TV18 alert -Network to connect all habitats with more than 500 CNBC-TV18 Exclusive -Fibre Infra to be equally available to all stakeholders</span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">SC orders <strong><span style="font-family: Verdana;">Glaxo</span></strong> India to pay Rs 71.2 crore for overpricing of the drugs scheduled under Drug price control order (ET)</span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Coal Ministry plans to invite bids for 58 coal blocks with over 18,600 million tonnes of reserves in six months (ET)</span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"><br />Temasek Holdings is in talks with TPG capital to buy a part of its stake in <strong><span style="font-family: Verdana;">Shriram Transport Finance company</span></strong> for around Rs 2500 crore (BS)</span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">-FDI in the <strong><span style="font-family: Verdana;">Pharma</span></strong> sector of over 49% may require a go ahead from the Foreign Investment Promotion Board (FE)</span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"><br />-<strong><span style="font-family: Verdana;">Hindusthan Glass Industries</span></strong> to finalize a strategic overseas acquisition in the pharma sector valued at around Rs 200-400 crore (Mint)</span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"><br />-<strong><span style="font-family: Verdana;">United Spirits</span></strong> acquires 41.54% stake in Karnataka based Sovereign Distilleries for Rs 3.5 crore & (TOI)</span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">-<strong><span style="font-family: Verdana;">JSW Steel</span></strong> revives its plan to list on the London Stock Exchange (BS)</span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong><span style="font-size: 10pt; font-family: Verdana;">ACC</span></strong><span style="font-size: 10pt; font-family: Verdana;"> March cement sales up 12.4% at 2.18 mt (YoY)</span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong><span style="font-size: 10pt; font-family: Verdana;">UltraTech</span></strong><span style="font-size: 10pt; font-family: Verdana;"> cement March cement sales up 2.2% at 3.78 mt (YoY)</span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong><span style="font-size: 10pt; font-family: Verdana;">Ambuja Cement</span></strong><span style="font-size: 10pt; font-family: Verdana;"> March cement sales at 2.05 mt versus 1.95 mt (YoY)</span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong><span style="font-size: 10pt; font-family: Verdana;">Hero Honda</span></strong><span style="font-size: 10pt; font-family: Verdana;"> March total sales up 24% at 5.15 lakh units (YoY)</span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong><span style="font-size: 10pt; font-family: Verdana;">BEL</span></strong><span style="font-size: 10pt; font-family: Verdana;"> FY11 turnover up 6.3% at Rs 5550 crore</span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Promius Pharma (<strong><span style="font-family: Verdana;">Dr Reddys</span></strong> affiliate) and Valeant form collaboration to market cloderm cream in the United States'.</span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong><span style="font-size: 10pt; font-family: Verdana;">Siemens</span></strong><span style="font-size: 10pt; font-family: Verdana;"> wins 2 contracts worth Rs 747 crore in consortium with Siemens AG, Germany</span></p></div>Prashanth Tapsehttp://www.blogger.com/profile/01416439083108831543noreply@blogger.com0tag:blogger.com,1999:blog-4565647970899505374.post-13007161999061772802011-04-01T01:05:00.001-07:002011-04-01T01:07:29.644-07:00Myiris.com: Analysts take on AP Paper Mills - International Paper deal<span class="newstext"> <p align="justify"><span style="font-family:Arial, Helvetica, sans-serif;font-size:85%;"><strong>International Paper</strong> has agreed to acquire 53.5% stake of promoters of <strong style="padding-bottom: 2px;"><span class="IL_AD" id="IL_AD12">Andhra Pradesh</span></strong> <strong>Paper Mills</strong> for all cash deal at USD 257 million and will be paying USD 104 million for acquiring additional 21.5% stake from other share holders. International Paper will pay USD 62 million non-compete fee for AP Paper.<br /><br />We have collated views of analysts on the announcement of deal. The same is as under:<br /><br /></span><span style="font-family:Arial, Helvetica, sans-serif;"><span style="font-size:85%;"><strong><span style="background-color: rgb(153, 255, 255);">Kartik Mehta - AVP Equity Research, Sushil Finance:<br /></span><br /></strong>AP Paper has created hope for re-rating of entire paper sector where earlier valuation were compressed. Paper demand in India is expected to grow at 8%+ CAGR for FY10-20E, compared to sluggish scenario is overseas markets. Also Indian paper companies generate higher return ratios (almost double) compared to global players in developed markets. In terms of per capita paper consumption, India scores very less at 8.5Kg compared to 63Kg, 227Kg, 55Kg and 45Kg of China, USA, World average and Asia average, respectively. With high growth in GDP, increasing literacy rate, <span class="IL_AD" id="IL_AD7">education</span> sector gaining importance and improving standard of living, growth in <span class="IL_AD" id="IL_AD5">the paper</span> industry is expected to remain robust. For example, an increase of 1 kg in the per capita consumption would absorb an additional production of 1.1 MTPA of paper.<br />International Paper has agreed to acquire 53.5% stake of promoters of AP Paper for all cash deal at USD 257mn and will be paying USD 104mn for acquiring additional 21.5% stake from other share holders. This gives per share valuation of AP Paper at Rs.632. This <span class="IL_AD" id="IL_AD6">price</span> is still 2.67 times higher than today’s closing price of Rs.236.15 on BSE. </span></span><span style="font-family:Arial, Helvetica, sans-serif;"><span style="font-size:85%;"><strong>Hence we see AP Paper stock price to reach at least Rs.500+ considering all the remaining stake holders (46.5%) surrenders their shares implying 46% acceptance ratio by International Paper for acquiring additional 21.5% stake. <br /><br /><span style="background-color: rgb(153, 255, 255);">Prashanth Tapse, senior research analyst, Mehta Equities:<br /></span><br /></strong>Shares of paper companies were overlooked from long time and saw suddenly in demand following to the International Paper’s acquisition of Andhra Pradesh Paper Mills. APPM is the country’s fifth largest paper producer by revenues behind Ballarpur Industries, JK Paper, Tamil Nadu Newsprint and the paper division of diversified firm ITC. The stock was in action from last couple of days mainly on the back of talks with world’s largest paper company International Paper for majority stake and last evening <span class="IL_AD" id="IL_AD1">the deal</span> was finalised to acquire 53.5% or entire promoters stake in mid size firm Andhra Pradesh Paper Mills Limited (APPM) for $257 million or Rs 1,150 crore in cash. Also agreed to a USD 62 million or Rs 2800 million non-compete <span class="IL_AD" id="IL_AD3">payment</span> to the sellers. International Paper will also coming out with a mandatory public <span class="IL_AD" id="IL_AD9">tender</span> offer and seeks to acquire up to an additional 21.5% of the outstanding shares of APPM for approximately USD 104 million or Rs 4700 million in cash. If totally successful as it is expected to be, International Paper will end up with 75% stake in the company, the maximum allowed in a listed firm.<br /><br />On the data available on public grounds calculations show International Paper is paying a significant premium to the existing market price with the deal struck at around Rs 542 a share (not counting the non-compete fee to the Bangurs). The share purchase and public tender are expected to be completed by third quarter of 2011, after regulatory approvals. Once it’s completed, the transaction will position International Paper as the first global paper and <span class="IL_AD" id="IL_AD10">packaging company</span> with a significant position in India`s fast growing economy. We believe that the acquisition of APPM by International Paper will help industry to be re-rated which was once ignored and neglected. <strong>Hence we advised investors <span class="IL_AD" id="IL_AD8">to hold</span> on to there investments in paper industry as we expect some more deals to strike the industry as it is hovering around for better prospects. We seen AP Paper deal certainly brings focus onto the paper sector which had been missing. We like Ballarpur and TNPL for long term <span class="IL_AD" id="IL_AD4">investment</span></strong>.</span></span></p> <p align="justify"><span style="font-family:Arial, Helvetica, sans-serif;font-size:85%;">Shares of the company gained Rs 39.35, or 19.99%, to close at Rs 236.15. The total volume of shares traded was 10,619 at the BSE (Wednesday). </span><span style="font-family:Arial, Helvetica, sans-serif;"> </span></p> <p align="justify"><span style="font-family:Arial;font-size:78%;">Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its <span class="IL_AD" id="IL_AD2">website</span>.</span></p></span>Prashanth Tapsehttp://www.blogger.com/profile/01416439083108831543noreply@blogger.com0tag:blogger.com,1999:blog-4565647970899505374.post-33930973864155846302011-04-01T01:05:00.000-07:002011-04-01T01:06:16.116-07:00Myiris.com: Analysts take on AP Paper Mills - International Paper deal<div> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><strong><span class="title5"><span style="font-size: 10pt; font-family: Verdana;">Myiris.com: Analysts take on AP <span id="IL_AD11"></span></span><span class="ilad"><span style="font-size: 10pt; font-family: Verdana;">Paper Mills</span></span></span><span class="title5"><span style="font-size: 10pt; font-family: Verdana;"> - International Paper deal</span></span></strong></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span class="source"><span style="font-size: 10pt; font-family: Verdana;"><strong>Source: IRIS (30-MAR-11)</strong></span></span></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span class="source"><span style="font-size: 10pt; font-family: Verdana;"></span></span> </p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span class="source"><span style="font-size: 10pt; font-family: Verdana;"><a href="http://www.myiris.com/newsCentre/storyShow.php?fileR=20110330154719043&secID=fromnewsroom&secTitle=From%20the%20News%20Room&dir=2011/03/30">http://www.myiris.com/newsCentre/storyShow.php?fileR=20110330154719043&secID=fromnewsroom&secTitle=From%20the%20News%20Room&dir=2011/03/30</a></span></span></p> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span class="source"><span style="font-size: 10pt; font-family: Verdana;"> </span></span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><strong><span style="font-size: 10pt; font-family: Verdana;">International Paper</span></strong><span style="font-size: 10pt; font-family: Verdana;"> has agreed to acquire 53.5% stake of promoters of <strong><span style="font-family: Verdana;">Andhra Pradesh</span></strong> <strong><span style="font-family: Verdana;">Paper Mills</span></strong> for all cash deal at USD 257 million and will be paying USD 104 million for acquiring additional 21.5% stake from other <span class="ilad"><span id="IL_AD10">share holders</span></span>. International Paper will pay USD 62 million non-compete fee for AP Paper.</span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"><br />We have collated views of analysts on the announcement of deal. The same is as under: <br /><br /><strong><span style="background: none repeat scroll 0% 0% rgb(153, 255, 255); font-family: Verdana;">Kartik Mehta - AVP Equity Research, Sushil Finance: </span></strong>AP Paper has created hope for re-rating of entire paper sector where earlier valuations were compressed. Paper demand in India is expected to grow at 8%+ CAGR for FY10-20E, compared to sluggish scenario is overseas markets. Also Indian paper companies generate higher return ratios (almost double) compared to global players in developed markets. In terms of per capita paper consumption, India scores very less at 8.5Kg compared to 63Kg, 227Kg, 55Kg and 45Kg of China, USA, World average and Asia average, respectively. With high growth in GDP, increasing literacy rate, education sector gaining importance and improving standard of living, growth in <span class="ilad"><span id="IL_AD2">the paper</span></span> industry is expected to remain robust. For example, an increase of 1 kg in the per capita consumption would absorb an additional production of 1.1 MTPA of paper. International Paper has agreed to acquire 53.5% stake of promoters of AP Paper for all cash deal at USD 257mn and will be paying USD 104mn for acquiring additional 21.5% stake from other share holders. This gives per share valuation of AP Paper at Rs.632. This <span class="ilad"><span id="IL_AD3">price</span></span> is still 2.67 times higher than today’s closing price of Rs.236.15 on BSE. <strong><span style="font-family: Verdana;">Hence we see AP Paper stock price to reach at least Rs.500+ considering all the remaining stake holders (46.5%) surrenders their shares implying 46% acceptance ratio by International Paper for acquiring additional 21.5% stake. </span></strong><b><br /><br /><strong><span style="background: none repeat scroll 0% 0% rgb(153, 255, 255); font-family: Verdana;">Prashanth Tapse, Senior Research analyst, Mehta Equities: </span></strong></b>Shares of paper companies were overlooked from long time and saw suddenly in demand following to the International Paper’s acquisition of Andhra Pradesh Paper Mills. APPM is the country’s fifth largest paper producer by revenues behind Ballarpur Industries, JK Paper, Tamil Nadu Newsprint and the paper division of diversified firm ITC. The stock was in action from last couple of days mainly on the back of talks with world’s largest paper company International Paper for majority stake and last evening <span class="ilad"><span id="IL_AD1">the deal</span></span> was finalised to acquire 53.5% or entire promoters stake in mid size firm Andhra Pradesh Paper Mills Limited (APPM) for $257 million or Rs 1,150 crore in cash. Also agreed to a USD 62 million or Rs 2800 million non-compete payment to the sellers. International Paper will also coming out with a mandatory public <span class="ilad"><span id="IL_AD9">tender</span></span> offer and seeks to acquire up to an additional 21.5% of the outstanding shares of APPM for approximately USD 104 million or Rs 4700 million in cash. If totally successful as it is expected to be, International Paper will end up with 75% stake in the company, the maximum allowed in a listed firm.</span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"><br />On the data available on public grounds calculations show International Paper is paying a significant premium to the existing market price with the deal struck at around Rs 542 a share (not counting the non-compete fee to the Bangurs). The share purchase and public tender are expected to be completed by third quarter of 2011, after regulatory approvals. Once it’s completed, the transaction will position International Paper as the first global paper and <span class="ilad"><span id="IL_AD8">packaging company</span></span> with a significant position in India`s fast growing economy. We believe that the acquisition of APPM by International Paper will help industry to be re-rated which was once ignored and neglected. <strong><span style="font-family: Verdana;">Hence we advised investors </span><span id="IL_AD4"></span></strong><span class="ilad"><b>to hold</b></span></span><strong><span style="font-family: Verdana;"> on to there investments in paper industry as we expect some more deals to strike the industry as it is hovering around for better prospects. We seen AP Paper deal certainly brings focus onto the paper sector which had been missing. We like Ballarpur and TNPL for </span><span id="IL_AD7"></span></strong><span class="ilad"><b>long term investment</b></span>.</p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Shares of the company gained Rs 39.35, or 19.99%, to close at Rs 236.15. The total volume of shares traded was 10,619 at the BSE (Wednesday). </span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"> </span></p> <p style="margin: 0in 0in 0pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no <span class="ilad"><span id="IL_AD12">financial liability</span></span> whatsoever to any <span class="ilad"><span id="IL_AD5">user</span></span> on account of the use of information provided on its website.</span></p></div>Prashanth Tapsehttp://www.blogger.com/profile/01416439083108831543noreply@blogger.com0tag:blogger.com,1999:blog-4565647970899505374.post-16926704750186127772010-06-10T20:02:00.001-07:002010-06-10T20:02:54.580-07:00BOR: Market Outlook: Nifty will have positive opening today<meta equiv="Content-Type" content="text/html; charset=utf-8"><meta name="ProgId" content="Word.Document"><meta name="Generator" content="Microsoft Word 11"><meta name="Originator" content="Microsoft Word 11"><link rel="File-List" href="file:///C:%5CDOCUME%7E1%5CADMINI%7E1%5CLOCALS%7E1%5CTemp%5Cmsohtml1%5C01%5Cclip_filelist.xml"><o:smarttagtype namespaceuri="urn:schemas-microsoft-com:office:smarttags" name="State"></o:smarttagtype><o:smarttagtype namespaceuri="urn:schemas-microsoft-com:office:smarttags" name="place" downloadurl="http://www.5iantlavalamp.com/"></o:smarttagtype><o:smarttagtype namespaceuri="urn:schemas-microsoft-com:office:smarttags" name="country-region" downloadurl="http://www.5iantlavalamp.com/"></o:smarttagtype><o:smarttagtype namespaceuri="urn:schemas-microsoft-com:office:smarttags" name="City"></o:smarttagtype><o:smarttagtype namespaceuri="urn:schemas-microsoft-com:office:smarttags" name="PersonName" downloadurl="http://www.microsoft.com"></o:smarttagtype><!--[if gte mso 9]><xml> <w:worddocument> <w:view>Normal</w:View> <w:zoom>0</w:Zoom> <w:punctuationkerning/> <w:validateagainstschemas/> <w:saveifxmlinvalid>false</w:SaveIfXMLInvalid> <w:ignoremixedcontent>false</w:IgnoreMixedContent> <w:alwaysshowplaceholdertext>false</w:AlwaysShowPlaceholderText> <w:compatibility> <w:breakwrappedtables/> <w:snaptogridincell/> <w:wraptextwithpunct/> <w:useasianbreakrules/> <w:dontgrowautofit/> </w:Compatibility> <w:browserlevel>MicrosoftInternetExplorer4</w:BrowserLevel> </w:WordDocument> </xml><![endif]--><!--[if gte mso 9]><xml> <w:latentstyles deflockedstate="false" latentstylecount="156"> </w:LatentStyles> </xml><![endif]--><!--[if !mso]><object classid="clsid:38481807-CA0E-42D2-BF39-B33AF135CC4D" id="ieooui"></object> <style> st1\:*{behavior:url(#ieooui) } </style> <![endif]--><style> <!-- /* Font Definitions */ @font-face {font-family:Wingdings; panose-1:5 0 0 0 0 0 0 0 0 0; mso-font-charset:2; mso-generic-font-family:auto; mso-font-pitch:variable; mso-font-signature:0 268435456 0 0 -2147483648 0;} @font-face {font-family:Verdana; panose-1:2 11 6 4 3 5 4 4 2 4; mso-font-charset:0; mso-generic-font-family:swiss; mso-font-pitch:variable; mso-font-signature:536871559 0 0 0 415 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman"; mso-fareast-font-family:"Times New Roman"; mso-bidi-font-family:"Times New Roman"; mso-bidi-language:AR-SA;} h1 {mso-margin-top-alt:auto; margin-right:0in; mso-margin-bottom-alt:auto; margin-left:0in; mso-pagination:widow-orphan; mso-outline-level:1; font-size:24.0pt; font-family:"Times New Roman"; mso-bidi-language:AR-SA;} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.25in 1.0in 1.25in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} /* List Definitions */ @list l0 {mso-list-id:1766265562; mso-list-type:hybrid; mso-list-template-ids:-689135776 -465946956 67698691 67698693 67698689 67698691 67698693 67698689 67698691 67698693;} @list l0:level1 {mso-level-start-at:0; mso-level-number-format:bullet; mso-level-text:; mso-level-tab-stop:36.75pt; mso-level-number-position:left; margin-left:36.75pt; text-indent:-18.75pt; font-family:Symbol; mso-fareast-font-family:Wingdings; mso-bidi-font-family:Wingdings; color:windowtext;} ol {margin-bottom:0in;} ul {margin-bottom:0in;} --> </style><!--[if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} </style> <![endif]--> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Market Outlook:</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> Nifty will have positive opening today on account of strong global cues. Nifty has <span id="IL_AD1">supports at 4970-5000 and resistances are at 5150-5200. <o:p></o:p></span></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Global Events to watch for today: <o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt 36.75pt; text-align: justify; text-indent: -18.75pt;"><!--[if !supportLists]--><span style="font-size: 10pt; font-family: Symbol; font-weight: normal;"><span style="">Þ<span style="font-family: "Times New Roman"; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"> </span></span></span><!--[endif]--><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">Retail Sales<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt 36.75pt; text-align: justify; text-indent: -18.75pt;"><!--[if !supportLists]--><span style="font-size: 10pt; font-family: Symbol; font-weight: normal;"><span style="">Þ<span style="font-family: "Times New Roman"; font-style: normal; font-variant: normal; font-weight: normal; font-size: 7pt; line-height: normal; font-size-adjust: none; font-stretch: normal;"> </span></span></span><!--[endif]--><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">Consumer Sentiment<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Global indices Update @ 8:<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">Dow Jones<span style=""> </span><span style=""> </span>: 10.172<span style=""> </span>(+273.2) <o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">NASDAQ <span style=""> </span>: 2218<span style=""> </span><span style=""> </span>(+59.86)<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">Nikkei 225<span style=""> </span><span style=""> </span>: 9733<span style=""> </span><span style=""> </span>(+02.00)<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">Hang seng<span style=""> </span><span style=""> </span>: 19894<span style=""> </span>(+261.6)<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">SGX CNX Nifty<span style=""> </span>: 5128<span style=""> </span><span style=""> </span>(+38.00)<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">INR / 1 USD<span style=""> </span><span style=""> </span>: 46.98<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Stocks in action for the day : Videocon, Spicejet, StanChart, NTPC, BHEL, HCC, HUL, HDIL, Jet Airways...<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">All eyes on next EGoM meet on fuel price issue likely on June 17: PTI<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Listing of Standard Chartered IDR today, issue price at Rs 104</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> ((Last traded at pound 16.49, translates into Rs 1129.60; 10 IDRs represent one share, so translates into Rs 112.96 as listing price))<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Videocon in talks with Korea`s SK Telecom for offloading 26% stake:</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> Videocon <span id="IL_AD9">Telecommunications has started talks with Korea`s Sun Kyung (SK) Telecom to sell a 26% stake, the latest attempt by it to bring in a foreign partner for its fledgling <span id="IL_AD6">mobile phone services. The founding Dhoot family wants Rs 36 billion from the sale, valuing Videocon Telecommunications at a little over Rs 130 billion (USD 3 billion), an executive with direct knowledge of the development told ET. But analysts are of the view that this may be asking for too much. VideoconTelecommunications has also been linked to a buyout by Mukesh Ambani`s Reliance Industries, whose board is believed to have recently authorised its re-entry into the telecoms space following the peace deal between the Ambani brothers.<o:p></o:p></span></span></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Sun TV<st1:personname st="on">'</st1:personname>s Maran looks to buy stake in SpiceJet:</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> Sources: SUN TV promoter Kalanidhi Maran is looking at picking up a stake in SpiceJet, reports CNBC-TV18 quoting sources. Maran, souces say, is looking to pick up the stake from WL Ross and India Asset Recovery Fund (IARF) and the deal is likely to be sealed in a few days. WL Ross and IARF will convert bonds in tranches to avoid open offer and this will start in a few days<st1:personname st="on">'</st1:personname> time. On full dilution the WL Ross and IARFstake will be at 34.9%. FCCBs worth USD 80 m were issued to WL Ross and IARF. WL Ross alone was issued bonds worth USD 68 m while IARF was issued bonds were USD 12 m, both at a conversion price of Rs 25/ share. Among other stakeholders, one promoter Ajay Singh and his family hold 10% while Goldman Sachs holds around 6%. The other promoter, the Kansagra Family holds 12%, however over 50% of these shares are pledged.<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">RIL looks to acquire shale gas assets of US` Pioneer Reliance Industries</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> (RIL) is considering buying a stake in shale gas assets owned by <span id="IL_AD3">Pioneer Natural Resources, two people with knowledge of the matter said. Pioneer, based in <st1:place st="on"><st1:city st="on">Irving</st1:city>, <st1:state st="on">Texas</st1:state></st1:place>, and said last month that it expected to announce a JV for its Eagle Ford shale gas assets in the second quarter. Reliance, which acquired a stake in shale gas areas in the <st1:country-region st="on"><st1:place st="on">US</st1:place></st1:country-region> from Atlas Energy in April for USD 1.7 billion, is joining Royal Dutch Shell and Exxon Mobil to buy unconventional gas reserves, anticipating that prices for the cleaner-burning fuel will recover. Shale-gas deposits were not considered worth tapping before <st1:city st="on"><st1:place st="on">Houston</st1:place></st1:city> billionaire George P Mitchell pioneered new extraction techniques in the 1990s.
<br />
<br /></span><span style="font-size: 10pt; font-family: Verdana;">RIL eyes gas JV with US firm Two months after Reliance</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> Industries bought a 40% stake in US-based Atlas Energy`s Marcellus Shale gas operations for USD 339 million, the Mukesh Ambani-led company has now set its eyes on a joint venture withPioneer Natural Resources . The Texas-based Pioneer had said last month that it expects to zero in on a partner for its Eagle Ford shale gas assets by the end of June. Pioneer Natural Resources has about 3.10 lakh acres in the Eagle Ford region in south <st1:state st="on"><st1:place st="on">Texas</st1:place></st1:state>. It tested its first successful well in last October and the second one in January this year.<o:p></o:p></span></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Honda to ramp up production of Activa by 300 units</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> per day Honda Motorcycle & Scooter India (HMSI), the market leader in the scooters segment with over 50% share, is increasing the manufacturing capacity of its popular model Activa by 300 per day in a bid to reduce the five-month long wait period for the vehicle. ``We currently manufacture 2100 Activas per day at our plant Manesar plant in Haryana that will go up to around 2400 Activas per day,`` said Sharad Pradhan, regional head-west of HMSI. An Ahmedabad based dealer of HMSI two-wheelers, Punjab Honda, said that there was a high demand of more than 3000 Activas per month in the city and that it has been struggling to meet demand.<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Surya group plans major investment in state</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> The Surya Group of Companies is planning major investments, including setting up steel and <span id="IL_AD5">cement plants along with a power plant, in Karnataka. The company had said it is looking at various funding options, one of which could be private equity (PE). Besides, the group is also investing Rs 1 billion on pipe and bulb plants in the state. Arvind Bansal, deputy managing director (operat-ions and corporate management), Surya Roshni toldBusiness Standard, the company is planning a steel plant with a capacity of 6 million tonnes per annum in Karnataka. <o:p></o:p></span></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">NTPC-BHEL JV aims to produce 5000MW equipment</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> BHEL Power Projects on Thursday said it has submitted a detailed project report about the company`s work to the ministry of heavy industry and public enterprises. ``NTPC BHEL Power Projects (NBPPL) presented a Detailed Project Report (DPR) covering total scope of work to manufacture 5,000 MW capacity equipment a year,`` a company statement said. The report would work as a guideline for capital investment of Rs 60 billion to become a 5,000 MW company in the field of power generating equipment, it said.<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Jet Airways <span style=""> </span>-Carried 8.69 lakh revenue passenger in May 2010</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> (up 41% YoY) -Domestic load factor for may stood at 82.5% ((10% increase MOM)) -<span id="IL_AD3">International seat factor stood 80.3% (up 5% YoY)<o:p></o:p></span></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><st1:city st="on"><st1:place st="on"><span style="font-size: 10pt; font-family: Verdana;">Bombay</span></st1:place></st1:city><span style="font-size: 10pt; font-family: Verdana;"> HC dismisses govt regulation</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> on TDR Policy, cuts FSI back to 1, to benefit HDIL, DB <o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">Realty, negative for other Mumbai based realty companies <o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Whirlpool of <st1:country-region st="on"><st1:place st="on">India</st1:place></st1:country-region>, Sri Adhikari</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> Brothers to be included in T2T Segemnt <o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Board meet today: Dish TV: restructuring of subsidiary<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">HUL: Board meet today on buyback of shares <o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">LIC, 4 Banks likely to invest in </span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">Videocon ((Mint))<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Eli Lilly said to be looking to</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> Clinical Trial opportunities in <st1:country-region st="on"><st1:place st="on">India</st1:place></st1:country-region> ((DNA))<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">HCC looking to sell 20%-30% in Infra Subsidiary ((DNA))<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">Network 18 to do away with cross-holdings – BS <o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">Indian ADRs: Sterlite up 6%, Tata Comm up 5.6%<o:p></o:p></span></h1> Prashanth Tapsehttp://www.blogger.com/profile/01416439083108831543noreply@blogger.com0tag:blogger.com,1999:blog-4565647970899505374.post-40949424607870841642010-06-09T19:51:00.000-07:002010-06-10T00:37:55.629-07:00BOR: Market Outlook: Indian markets will have flat to positive opening today<meta equiv="Content-Type" content="text/html; charset=utf-8"><meta name="ProgId" content="Word.Document"><meta name="Generator" content="Microsoft Word 11"><meta name="Originator" content="Microsoft Word 11"><link rel="File-List" href="file:///C:%5CDOCUME%7E1%5CADMINI%7E1%5CLOCALS%7E1%5CTemp%5Cmsohtml1%5C01%5Cclip_filelist.xml"><o:smarttagtype namespaceuri="urn:schemas-microsoft-com:office:smarttags" name="Street"></o:smarttagtype><o:smarttagtype namespaceuri="urn:schemas-microsoft-com:office:smarttags" name="City"></o:smarttagtype><o:smarttagtype namespaceuri="urn:schemas-microsoft-com:office:smarttags" name="address"></o:smarttagtype><o:smarttagtype namespaceuri="urn:schemas-microsoft-com:office:smarttags" name="PersonName" downloadurl="http://www.microsoft.com"></o:smarttagtype><o:smarttagtype namespaceuri="urn:schemas-microsoft-com:office:smarttags" name="country-region" downloadurl="http://www.5iantlavalamp.com/"></o:smarttagtype><o:smarttagtype namespaceuri="urn:schemas-microsoft-com:office:smarttags" name="place" downloadurl="http://www.5iantlavalamp.com/"></o:smarttagtype><!--[if gte mso 9]><xml> <w:worddocument> <w:view>Normal</w:View> <w:zoom>0</w:Zoom> <w:punctuationkerning/> <w:validateagainstschemas/> <w:saveifxmlinvalid>false</w:SaveIfXMLInvalid> <w:ignoremixedcontent>false</w:IgnoreMixedContent> <w:alwaysshowplaceholdertext>false</w:AlwaysShowPlaceholderText> <w:compatibility> <w:breakwrappedtables/> <w:snaptogridincell/> <w:wraptextwithpunct/> <w:useasianbreakrules/> <w:dontgrowautofit/> </w:Compatibility> <w:browserlevel>MicrosoftInternetExplorer4</w:BrowserLevel> </w:WordDocument> </xml><![endif]--><!--[if gte mso 9]><xml> <w:latentstyles deflockedstate="false" latentstylecount="156"> </w:LatentStyles> </xml><![endif]--><!--[if !mso]><object classid="clsid:38481807-CA0E-42D2-BF39-B33AF135CC4D" id="ieooui"></object> <style> st1\:*{behavior:url(#ieooui) } </style> <![endif]--><style> <!-- /* Font Definitions */ @font-face {font-family:Wingdings; 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text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Market Outlook:</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> Indian markets will have flat to positive opening today on the back of mixed action seen on the global peers. Overall the trend is till intact up but there could be some exhaustion in it’s upmove and the market could stall around 5150-5200 levels. Support for Nifty at 4967-4892<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Global Events to watch for today: <o:p></o:p></span></h1> <p class="MsoNormal" style="margin-left: 0.25in; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"><o:p> </o:p></span></p> <ul style="margin-top: 0in;" type="disc"><li class="MsoNormal" style="text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">International Trade<o:p></o:p></span></li><li class="MsoNormal" style="text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Jobless Claims<o:p></o:p></span></li></ul> <p class="MsoNormal" style="text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><b><span style="font-size: 10pt; font-family: Verdana;">Global indices Update @ 8:<o:p></o:p></span></b></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"><o:p> </o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Dow Jones<span style=""> </span><span style=""> </span>: 9899 <span style=""> </span>(- 10.73) <o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">NASDAQ <span style=""> </span>: 2158<span style=""> </span><span style=""> </span>(- 11.72)<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Nikkei 225<span style=""> </span><span style=""> </span>: 9469<span style=""> </span><span style=""> </span>(+30.50)<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Hang seng<span style=""> </span><span style=""> </span>: 19565<span style=""> </span>(- 55.86)<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">SGX CNX Nifty<span style=""> </span>: 5017<span style=""> </span><span style=""> </span>(+09.50)<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">INR / 1 USD<span style=""> </span><span style=""> </span>: 46.98<o:p></o:p></span></p> <p class="MsoNormal" style="text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;"><o:p> </o:p></span></p> <h1 style="margin: 0in 0in 0.0001pt;"><strong><span style="font-size: 10pt; font-family: Verdana;">Stocks in action for the day : R-Power, PowerGrid, Fortis Healthcare, Voltas, EIL, Orbit Corp, Essar Oil, HDFC Bk…<o:p></o:p></span></strong></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span class="title5"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">HDFC Bank to fix new base rate around 6%: Sources:</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> Starting July 1, the banking industry will replace the <span id="IL_AD4">prime lending rate with a new <span id="IL_AD3">base rate. The introduction of the new base rate however looks set to see some stiff competition between banks. While most PSU banks are likely to follow leader SBI and go with abase rate around 8%, <span id="IL_AD2">HDFC Bank may go with a base rate of as low as 6%,<o:p></o:p></span></span></span></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Zain success holds key to Bharti<st1:personname st="on">'</st1:personname>s future growth</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">: Bharti Airtel’s stock has seen a sharp movement in the past two trading sessions that followed the announcement of the closure of its mega acquisition of Zain Africa. After losing as much as 4% on bourses soon after the announcement on Tuesday, the stock dramatically recovered the next day. At the end of the trade on Wednesday, it gained nearly 6% even as the broader market remained more or less flat.<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">R-Power, Indonesia`s Sugico ink pact to acquire coal mines</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> Anil Ambani-owned Reliance Power has signed a share-sale agreement with Indonesia`s Sugico Group to acquire three coal mines in a transaction that will involve a series of production-linked milestone payments. Reliance Power`s wholly-owned subsidiary, Reliance Coal Resources, will make an upfront payment of Rs 5 billion (USD106 million) for acquiring the mines. The <span id="IL_AD3">balance payment will be paid in a staggered fashion depending on the mines meeting certain production targets. If all production-linked targets are met, the total value of the <span id="IL_AD5">deal will be USD 1.6 billion.<o:p></o:p></span></span></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">
<br /></span><span style="font-size: 10pt; font-family: Verdana;">Andrew Yule to foray into specialty teas</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> Andrew Yule & Co is making a foray into the designer specialty tea segment to spruce up its margins in the current fiscal. These teas, which can fetch Rs 7,000 - Rs 15,000 per kg in the international market will be sold at high-street departmental stores like Harrods. A team from Harrods is now in Kolkata to hold talks with Andrew Yule for sourcing these exclusive designer teas for their <span id="IL_AD9">store in <st1:city st="on"><st1:place st="on">London</st1:place></st1:city>. On Wednesday, <span id="IL_AD4">the company launched three new teas from its <st1:city st="on">Darjeeling</st1:city> tea estate, Mim-Himalayan Delite (<st1:city st="on"><st1:place st="on">Darjeeling</st1:place></st1:city> <span id="IL_AD2">organic green tea), Mim Darjeeling organic tea and Mim Darjeeling specialty designer teas.<o:p></o:p></span></span></span></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">
<br /></span><span style="font-size: 10pt; font-family: Verdana;">PowerGrid may sell 20% stake to raise Rs 80 bn</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> Electricity transmission company PowerGrid Corporation may sell 20% to public that could raise Rs 80 billion, which may be equally split between the government andthe company , said two people familiar with the plans. This share sale will be pursued aggressively, since steelmaker SAIL`s fund-raising plans may be delayed due to compliance issues, they said. The government plans to sell 10% and Power Grid will issue new shares comprising 10% of post-issue capital to raise funds for expansion, which is estimated at Rs 550 billion, they added. The fund-raising target is a calculation based on <span id="IL_AD6">current market price.
<br />
<br /></span><span style="font-size: 10pt; font-family: Verdana;">Fortis to raise Rs 27.5 bn via issue of securities</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> The Fortis Healthcare board on Wednesday gave the company the go-ahead to raise Rs 27.5 billion through fresh issue of securities, including shares, and also increased the company`s borrowing limit to Rs 60 billion. The company did not specify the reason for raising fresh funds, but said ``all options to deal with potential investment opportunities have been kept open``. Analysts see this as a possible preparation for a counter bid for garnering more shares in the <st1:street st="on"><st1:address st="on">Singapore-headquartered Parkway</st1:address></st1:street> Holdings. ``This is an indication for the first step to make a counter offer,`` said Vishal Gandhi, VP Life Sciences & Technology, YES Bank.<o:p></o:p></span></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">
<br /></span><span style="font-size: 10pt; font-family: Verdana;">Pipavav to build world`s biggest dry dock</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> Eyeing business from domestic and <span id="IL_AD1">international shipping lines that ply through the busy sea route between Dubai and Colombo, Pipavav Shipyard (PSL) is all set to construct a <span id="IL_AD7">new dry dock in Gujarat, which is expected to be the world`s biggest dock to undertake repair and maintenance of vessels operating in the region. Roughly the size of seven soccer fields, the dock will be bigger than Hyundai`s in South Korea.<o:p></o:p></span></span></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">
<br /></span><span style="font-size: 10pt; font-family: Verdana;">RIL drawing up plans to foray into telecom space </span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">The board of Reliance Industries (RIL) is believed to have approved plans to enter the Indian telecommunications sector when the opportunity arises, two persons familiar with the development told ET. India`s largest private sector company is expected to go for only the lucrative corporate bandwidth market, or the business of selling telecom and internet services to companies rather than individuals. It is likely thatthe company could unveil its intent to foray into telecom at its annual general meeting on June 18, the people familiar with its plans said.<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">
<br /></span><span style="font-size: 10pt; font-family: Verdana;">Regaliaa Realty lines up Rs 650 mn Chennai-based Regaliaa</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> Realty is planning to invest around Rs 650 million in various hospitality and residential projects. The company, which is currently promoting mid and high-end residential projects, said it would also look at foraying into low-end housing projects.The company has set up 11 services apartments under the brand Homcourt at Nugambakkam here and is planning to add five more in the same location. ``In the next 24 monthsthe company is planning to take total number of service apartments to 100 with an investment of around Rs 150 million,`` said D Sudhakara Reddy, chairman and managing director, Regaliaa Realty.<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">
<br /></span><span style="font-size: 10pt; font-family: Verdana;">RINL, NMDC in talks to set up pellet plant</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> Rashtriya Ispat Nigam (RINL), the flagship company of Visakhapatnam Steel Plant (VSP), and NMDC on Wednesday held discussions for setting up a pellet plant through joint venture. The two chairmen and managing directors - PK Bishnoi and Rana Som of VSP and NMDC respectively -took part in the discussions. Transportation of fines in the form of slurry for pellet would reduce dependence on rail apart from reducing the burden on the existing logistics of the Kothavalasa-Kirandol line, VSP said in a press release.<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">
<br /></span><span style="font-size: 10pt; font-family: Verdana;">Strides hits big with pfizer deal Strides Arcolab, </span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">an Rs 15 billion publicly-held pharma firm based in Bangalore, is reaping the benefits of its outsourcing deal with Pfizer. While the financial terms have not been disclosed, the quantum of the deal is visible from Strides paying in cash for its recent acquisitions. Strides have managed to payout nearly a third of the Rs 8.8 billion which it has to pay for its recent acquisitions. ``This indicates pretty good cash flow from the licensing deal with Pfizer,`` noted an analyst. In March 2010, Strides bought a 50% stake owned by South African generics drug maker Aspen Pharmaceuticals for USD 117 million (around Rs 5.31 billion) and also acquired Aspen`s unit in Brazil for USD 75 million, taking the cost of its acquisition to USD 192 million.<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">
<br /></span><span style="font-size: 10pt; font-family: Verdana;">BHEL, Alstom tie-up to jointly bid for Chennai metro</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> State-run BHEL has tied up with French firm Alstom to jointly bid for the Chennai metro project. ``We have signed in-principle agreement with Alstom for the Chennai metro project, but the equity portion is yet to be decided,`` the BHEL Chairman and Managing Director, B.P. Rao, told reporters here on Wednesday.<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">
<br /></span><span style="font-size: 10pt; font-family: Verdana;">Parabolic Drugs to raise Rs 2 bn through IPO Parabolic Drugs</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> (PDL), on Wednesday said that it plans to raise up to Rs 2 billion through an Initial Public Offerin g (IPO) that opens for subscription on June 14. The <st1:city st="on"><st1:place st="on">Chandigarh</st1:place></st1:city> based contract manufacturer of active pharmaceutical ingredients (APIs) and API intermediates, will use the proceeds towards setting up new facilities, capacity expansion of existing ones and repaying debt, a top company official said. ``We plan to raise up to Rs 2 billion from the capital market. A part of the proceeds will go towards financing our capex plans and a part of it will be used to reduce our debt,`` PDL`s Executive Director, Vineet Gupta, told reporters here. <o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">
<br /></span><span style="font-size: 10pt; font-family: Verdana;">ONGC sees rise in insurance premium for offshore assets Oil</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> and Natural Gas Corporation on Wednesday said it expects insurance premium for offshore assets to rise sharply following an oil leak in the <span id="IL_AD12">Gulf of Mexico that has been described as the worst in the <st1:place st="on"><st1:country-region st="on">US</st1:country-region></st1:place> history. ``<span id="IL_AD10">Insurance costs are going to go up exponentially around the world. We anticipate that our insurance premium next year <span style=""> </span>will rise exponentially,`` said R S Sharma, CMD., ONGC. <o:p></o:p></span></span></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Sabero<st1:personname st="on">'</st1:personname>s growth prospects appear attractive:</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> <span style=""> </span>The crop protection major, Sabero Organics Gujarat (SOGL), has done exceedingly well on the bourses following its improved financial performance. Its stock has more than doubled in a span of one year, way ahead of the benchmark Sensex performance.<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Fortis get shareholders<st1:personname st="on">'</st1:personname> nod for selling 6.5% stake to GIC:</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> Hospital chain Fortis Healthcare today said its shareholders have approved selling 6.58 per cent stake in the company to Singapore-based private equity firm GIC for Rs 380 crore. The stake sale has been carried through preferential allotment of 2.23 crore equity shares. extra-ordinary general meeting held today approved the allotment of 2.23 crore equity shares of Rs 10 each at a premium of Rs 160 to Lathe Investment Pte Ltd, an affiliated investment vehicle of GIC Special Investment.<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Ex-dates: today HDFC Bank : Ex dividend Rs 12/share-ICICI Bank : Ex dividend Rs 12/share-Infotech <st1:place st="on"><st1:city st="on">Enterprise</st1:city></st1:place> : Ex-Bonus 1:1<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Engineers <st1:country-region st="on"><st1:place st="on">India</st1:place></st1:country-region> FPO expected to hit market by July-</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;">end, ((Expected to raise Rs 1,100-1,200 crore or 10% dilution) <o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Lanco group & Edelweiss Capital made a bid in</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> the range of Rs 30-45 crore to acquire Axis Bank<st1:personname st="on">'</st1:personname>s PE firm <o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 10pt; font-family: Verdana;">Fatpipe IPO extends closing date to June</span><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"> 14 from June 9 and revises price band to Rs 80-85 (versus Rs 82-85)<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><strong><span style="font-size: 10pt; font-family: Verdana; font-weight: normal;"><o:p> </o:p></span></strong></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><strong><span style="font-size: 9pt; font-family: Verdana;">ACC </span></strong><span style="font-size: 9pt; font-family: Verdana; font-weight: normal;">cement despatches for May at 1.75 million tons versus 1.82 million tons (YoY)<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><strong><span style="font-size: 9pt; font-family: Verdana;">Essar O</span></strong><strong><span style="font-size: 9pt; font-family: Verdana; font-weight: normal;">il</span></strong><span style="font-size: 9pt; font-family: Verdana; font-weight: normal;">’s holding company Essar Energy included in <span class="ilad"><span id="IL_AD1">FTSE 100</span><o:p></o:p></span></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><strong><span style="font-size: 9pt; font-family: Verdana;">Orbit Corp</span></strong><strong><span style="font-size: 9pt; font-family: Verdana; font-weight: normal;"> </span></strong><span style="font-size: 9pt; font-family: Verdana; font-weight: normal;">board meet on June 18 to raise Rs 1,000 crore via QIP<o:p></o:p></span></h1> <h1 style="margin: 0in 0in 0.0001pt; text-align: justify;"><span style="font-size: 9pt; font-family: Verdana;">Tata Sons</span><span style="font-size: 9pt; font-family: Verdana; font-weight: normal;"> increase their stake by 2% in <st1:place st="on"><strong><span style="font-family: Verdana; font-weight: normal;">Voltas</span></strong></st1:place><strong><span style="font-family: Verdana; font-weight: normal;"> <o:p></o:p></span></strong></span></h1> <strong><span style="font-size: 9pt; font-family: Verdana; font-weight: normal;">ONGC </span></strong><b><span style="font-size: 9pt; font-family: Verdana;">P</span></b><span style="font-size: 9pt; font-family: Verdana;">etro Additions talking to 3-4 foreign players for tie-up ((Lyondell,Ineos,Itochu)): DNA
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<br /> <!--[endif]--></span>Prashanth Tapsehttp://www.blogger.com/profile/01416439083108831543noreply@blogger.com0tag:blogger.com,1999:blog-4565647970899505374.post-54246031100011772742010-06-09T08:37:00.000-07:002019-06-21T05:12:20.456-07:00My take on Raajneeti<div dir="ltr" style="text-align: left;" trbidi="on">
I saw this movie last weekend.I liked the acting of everyone .The movie is too fast paced with bodies falling by the wayside .It speeds faster as the race for power begins.<br />
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It is a story which seems to be considerably inspired from the events in India's political landscape.The struggle for power between cousins is akin to what has taken place in one of our States in a party which is basically a regional outfit though it ties up with national parties for the elections.The outright elimination of a strongman of a political party reminds one of the murder of a secretary of an influential tribal leader who got away owing to lack of evidence.The sympathy vote which brings the heroine to power is all too familiar with what has happened in this nation & elsewhere in Asia.<br />
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The movie is also a modern Mahabharata as stated by the director. The eldest protagonist is a Bhishma like figure as he is unable to do anything as youngsters are hell bent on killing each other to win the race.The Chief Minister gets bedridden just like Dhritrashtra & is a puppet in the hands of his son.Bharati is Kunti & has three sons- one illegitimate ,Suraj just like Karna ( Surya' son) & two legitimate sons born after her marriage .The eldest is arrogant & brash & younger one is just like Arjuna who takes action after planning.Now,here,we all know too well who these two seem to be portraying other than the Pandava princes.<br />
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Suraj is brought up by the driver just like the charioteer brings up Karna in the epic after they spot him as a baby adrift on the Ganges.Suraj is taken in as a chum by the vile son of the bedridden father.This is like Karna & Duryodhana's bosom friendship.<br />
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Katrina Kaif is Draupadi as she loves one brother & is coerced to marry another- all for the cause of politics nah to nab power.There is Bharati's brother, who is the Krishna of this story, always devising strategy for Bharati's family.Krishna in Mahabharata as also in this tale is a Muhbola bhai ( brother by relation not a natural sibling ) .Krishna is there throughout the movie as if omnipresent.It reminds us that though God was in the midst of Pandavas & Kauravas,whatever happened was bound to happen.Maybe,there are lessons for all of us .Krishna is the kingmaker in the film. There is a scene in which ,the younger brother is goaded to kill his rival at point blank range by Krishna.The young fellow replies that as the rival is unarmed,he does not feel up to it.Krishna says that he should do it as he may not get another chance.This is the five minute Geetopadesh ! Also,the rival is killed when he is out of his bullet proof vehicle -Karna is bereft of his Kavach Kundala when he is killed.<br />
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The speeches made by the stars in the movie made me realise that our netas use mass hypnosis to abet people to vote for them ! Our magicians could learn all this indrajaal from our leaders as they have perfected the said tricks in election after election .The speech goes on like this ," Aap ( voters -public ) chup khade yeh sab dekh rahe hain -unhone ( rival political party) hamare Sasur/Pita/Pati/Bhai/etal ko din dahade maar dala ,aap kab tak aisa hone denge ? " The mesmerised crowd yells back ," Aap aage badho,hum aapke saath hain ".Really,how easily the populace is conned into believing that the said persons sacrificed their lives for the nation ! The politicians have been killed for pursuit of power, by the pursuit of power & of the pursuit of power .The netas believe in self (-) less service ! We see this happening in our nation so often.<br />
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The film depicts what we all knew too well that politicians are ruthless when it comes to power & will stop at nothing to achieve their kursis. No relation is too sacrosanct for this.They believe that ends justify the means.But I am not buying what the younger brother tells the heroine that she will be happy in his home rather than in his cousin's place.This is all subjective thinking.Moreover,he, as also his cousin pull all stops to seize power.The same can be said about the Pandavas & Kauravas as they both used deceit during the war.Ultimately, the war ends but how ? With so many casualties & just a few members left -as in the saga of the Kuru clan.Katrina divulges at the end that she is pregnant.So,I guess, that, there may be a sequel in the offing.<br />
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Bharati hugs her bahu & tells her," We ( read women ) are the biggest losers in this power game ." Hopefully,the Women's Reservation bill will change that.</div>
vasrao@gmail.comhttp://www.blogger.com/profile/07510827368283948188noreply@blogger.com4tag:blogger.com,1999:blog-4565647970899505374.post-7433900589803198322010-04-06T07:57:00.000-07:002010-04-06T08:01:39.339-07:00First Look: 'Raajneeti'It is the story of Bhaskar Sanyal (Naseruddin Shah), the fire-brand leftist leader, as feared for his single-handed ability to challenge the most powerful of leaders as he was respected for his political integrity. Until one private mistake of his hurtled him into a self-imposed exile and spawned a secret consequence that shook the destiny of the political future of the state.<br /><br />And of Sooraj (Ajay Devgan) who rose from the backward classes - with anger in his heart and leadership on his mind. And yet, his destiny could never overcome the tragedy of his birth, trapping him in a terrible dilemma, where his loyalty to his friend threatens to destroy his own family. Of Brij Gopal (Nana Patekar), who shunned every political ambition even as he continued to mentor and guide the younger generation of leaders while the battle got bloodier by the day.<br /><br />It is the story of Prithvi Pratap (Arjun Rampal), heir to a powerful political legacy and impatient to seize the top position. A man with a heart of gold but who is all brawn. A man whose uncontrollable passions bring his family to the brink of political extinction. And of Veerendra Pratap (Manoj Bajpai), whose lunge at the throne was thwarted even as he was within striking distance of it. A man who believes he was born to rule, and who will now stop at absolutely nothing to claw his way back to the top.<br /><br />Of Indu Sakseria (Katrina Kaif), the princess - beautiful, passionate, arrogant. She had only one all-consuming love. Little did she know that her personal happiness was dependent on the changing electoral fortunes of her love, and that even a slight shift in the faultiness of political negotiation would cause a devastating earthquake in her personal life. And yet, this spirited never-say-die diva rose from the ashes of her tragedy to challenge every contender, over-turning the political future of the state.<br /><br />Of Sarah Jean Collins (Sarah Thompson), who came from one of the bloodiest and most violent places of earth. Who escaped from there, bruised, hurt, and fell in love with a soul-mate who shared a similar legacy. And her abhorrence for it. And yet, when he was sucked into his destiny, this innocent bewildered girl's private world was thrown asunder.<br /><br />And, it is the story of Samar Pratap (Ranbir Kapoor), the ultimate outsider. The apolitical conscientious objector, who got reluctantly sucked into the battle-ravaged arena of family rivalry. Only to turn into a master of the craft of political warfare. It is the story of the woman that he loved, and the one that loved and lost him. It is the story of his determined and fierce fight to protect his family. Of the bloodiest of final battles in a war, alien to his character. It is the story of a man's descent into the moral hell that is Indian politics.<br /><br />It is the story of a fiercely fought election campaign, where money-power and corruption are the accepted norms, and where treachery and manipulation are routinely used weapons. As the personal drama of these conflict-ridden characters unfolds against this gritty backdrop, love and friendship become mere baits, and relationships get sacrificed at the altar of political alignments.<br /><br />The darkness that rises from their soul threatens to envelope all that they hold precious. Until eventually, in the crescendo of increasing violence, the line between good and evil blurs, making it impossible to distinguish heroes from villains.<br /><br />'Raajneeti' is the story of Indian democracy. And its ugly underside. It is about politics. And beyond.Nilehttp://www.blogger.com/profile/11710321277617768573noreply@blogger.com4