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Thursday, October 18, 2007
Wednesday, September 26, 2007
Tirumala temple nets record ‘Hundi’ collection
In the highest ever collection, the 'hundi' at the famous hill temple of Lord Venkateswara on Monday recorded a staggering income of Rs.2.28 crore in a single day.
According to temple sources, this is the first time that hundi collections have crossed the Rs. 2 crore mark in a single day.
The previous highest of Rs.1.76 crore was recorded on the tenth of December, 2004.
Sources attributed this to the unprecedented rush which the hill temple has been witnessing during the past three days.
According to temple sources, this is the first time that hundi collections have crossed the Rs. 2 crore mark in a single day.
The previous highest of Rs.1.76 crore was recorded on the tenth of December, 2004.
Sources attributed this to the unprecedented rush which the hill temple has been witnessing during the past three days.
Wednesday, July 11, 2007
11th July: The Era of Asset Deflation Begins
If you have been able to liquidate your long term investments in spite of the euphoria pervading everywhere, I must compliment you for your courage. If you have built up short positions in past few days, you are in for large profits pretty soon.
Market traders somehow want to believe that Infosys and other tech companies will play some magical trick and come out with strong results. However, they are going to be disappointed, as the crisis for tech sector has just begun and is likely to grow to bigger proportions in next few years to come because of rising rupee and economic depression leading to low fresh IT investments in developed world.
There is another indicator of the economic depression, which may engulf the developed economies in near future. The new housing demand in US is down by 40% in first quarter and the property prices are expected to fall by 8% in near future.
The era of asset deflation has begun, which may soon lead to economic recession / depression. It seems that the market has already topped out.
May shiva bless you and empower you to make right choices.
Market traders somehow want to believe that Infosys and other tech companies will play some magical trick and come out with strong results. However, they are going to be disappointed, as the crisis for tech sector has just begun and is likely to grow to bigger proportions in next few years to come because of rising rupee and economic depression leading to low fresh IT investments in developed world.
There is another indicator of the economic depression, which may engulf the developed economies in near future. The new housing demand in US is down by 40% in first quarter and the property prices are expected to fall by 8% in near future.
The era of asset deflation has begun, which may soon lead to economic recession / depression. It seems that the market has already topped out.
May shiva bless you and empower you to make right choices.
Tuesday, June 26, 2007
Post Market Report Date June 26, 2007
Sensex posts modest gains
After staying firm for the better part of the session the Sensex slipped on profit booking in front-line stocks and closed marginally above its previous close.
The market returned to stability in the afternoon and gradually picked up momentum on healthy buying in consumer durables, capital goods and oil stocks but
slipped into the red on profit booking towards the close. The Sensex opened on a cautious note at 14479, down nine points, tracing weak Asian markets. The market remained choppy thereafter but with a positive bias. It moved gradually up on sustained buying in front-line stocks to touch the day's high of 14560. However, a strong bout of selling thereafter saw the market enter into the red towards the close but buying at lower levels helped the Sensex to pare some of the losses and enter into positive territory again. The Sensex finally closed at 14501, up 13 points, while the Nifty ended the session at 4286, up 26 points.
The broader market, however, continued to remain in the green. Of the 2,693 stocks traded on the BSE, 1,492 stocks advanced, 1,117 stocks declined and 84 stocks ended unchanged. Most of the sectoral indices ended in the green. The BSE CD was the biggest gainer and moved up by 2.71% at 4164 followed by the BSE CG index (up 1.01% at 11950) and the BSE PSU index (up 0.75% at 6789). However, the BSE Bankex index dropped 0.36% at 7802 and the BSE IT index was down 0.25% at 4800.
Movers & Shakers
Natco Pharma surged on receiving USFDA approval for its Ondansetron Hydrochloride tablets in multiple strengths.
Aurobindo Pharma closed in the red despite receiving a tentative approval from the USFDA for Quinapril Hydrochloride and Hydrochlorothiazide tablets.
Dollex Industries jumped on bagging an order of $5 million for IMFL from Africa.
Pratibha Industries moved up on securing a contract from Jabalpur Municipal Corporation for a water supply scheme worth Rs26.44 crore.
Among the laggards Ranbaxy was down 2.36% at Rs348, HDFC declined by 1.27% at Rs1,880, Wipro shed 1.25% at Rs509 and ACC dropped 1.17% at Rs846. However, select heavyweights attracted buying support. ONGC surged 2.11% at Rs936, Bharti Airtel rose 2.01% at Rs850, Grasim jumped 1.44% at Rs2,496, BHEL added 1.40% at Rs1,471 and Tata Motors moved up by 1.07% at Rs684.
Consumer durable stocks, however, were in the limelight. Titan Industries surged 8.78% at Rs1,279, Timex Watches jumped 5% at Rs26, Samtel Color soared 4.68% at Rs16 and Goldiam International gained 3.13% at Rs97. Llyod Electric, Shrenuj & Company, Nilkamal were up over 1% each.
Over 1.43 crore Reliance Petroleum shares changed hands on the BSE followed by IFCI (1.03 crore shares), GV Films (92.60 lakh shares), IKF Technologies (83.25 lakh shares) and Hindalco (51.65 lakh shares).
Time Technologies topped the value list with a turnover of Rs200 crore on the BSE followed by Indiabulls (Rs189 crore), Indiabulls Real Estate(Rs123 crore), Reliance Petroleum (Rs119 crore) and GMR Infrastructure (Rs103 crore).
After staying firm for the better part of the session the Sensex slipped on profit booking in front-line stocks and closed marginally above its previous close.
The market returned to stability in the afternoon and gradually picked up momentum on healthy buying in consumer durables, capital goods and oil stocks but
slipped into the red on profit booking towards the close. The Sensex opened on a cautious note at 14479, down nine points, tracing weak Asian markets. The market remained choppy thereafter but with a positive bias. It moved gradually up on sustained buying in front-line stocks to touch the day's high of 14560. However, a strong bout of selling thereafter saw the market enter into the red towards the close but buying at lower levels helped the Sensex to pare some of the losses and enter into positive territory again. The Sensex finally closed at 14501, up 13 points, while the Nifty ended the session at 4286, up 26 points.
The broader market, however, continued to remain in the green. Of the 2,693 stocks traded on the BSE, 1,492 stocks advanced, 1,117 stocks declined and 84 stocks ended unchanged. Most of the sectoral indices ended in the green. The BSE CD was the biggest gainer and moved up by 2.71% at 4164 followed by the BSE CG index (up 1.01% at 11950) and the BSE PSU index (up 0.75% at 6789). However, the BSE Bankex index dropped 0.36% at 7802 and the BSE IT index was down 0.25% at 4800.
Movers & Shakers
Natco Pharma surged on receiving USFDA approval for its Ondansetron Hydrochloride tablets in multiple strengths.
Aurobindo Pharma closed in the red despite receiving a tentative approval from the USFDA for Quinapril Hydrochloride and Hydrochlorothiazide tablets.
Dollex Industries jumped on bagging an order of $5 million for IMFL from Africa.
Pratibha Industries moved up on securing a contract from Jabalpur Municipal Corporation for a water supply scheme worth Rs26.44 crore.
Among the laggards Ranbaxy was down 2.36% at Rs348, HDFC declined by 1.27% at Rs1,880, Wipro shed 1.25% at Rs509 and ACC dropped 1.17% at Rs846. However, select heavyweights attracted buying support. ONGC surged 2.11% at Rs936, Bharti Airtel rose 2.01% at Rs850, Grasim jumped 1.44% at Rs2,496, BHEL added 1.40% at Rs1,471 and Tata Motors moved up by 1.07% at Rs684.
Consumer durable stocks, however, were in the limelight. Titan Industries surged 8.78% at Rs1,279, Timex Watches jumped 5% at Rs26, Samtel Color soared 4.68% at Rs16 and Goldiam International gained 3.13% at Rs97. Llyod Electric, Shrenuj & Company, Nilkamal were up over 1% each.
Over 1.43 crore Reliance Petroleum shares changed hands on the BSE followed by IFCI (1.03 crore shares), GV Films (92.60 lakh shares), IKF Technologies (83.25 lakh shares) and Hindalco (51.65 lakh shares).
Time Technologies topped the value list with a turnover of Rs200 crore on the BSE followed by Indiabulls (Rs189 crore), Indiabulls Real Estate(Rs123 crore), Reliance Petroleum (Rs119 crore) and GMR Infrastructure (Rs103 crore).
Vote for Angkor Wat Temple in the new 7 wonders contest !
The world wide contest is underway to find new Seven Wonders of the
World by a Swiss philanthropist Bernard Weber, a Swiss filmmaker and
curator.
* Please visit http://www.new7wond ers.com & vote for Angkor Wat Temple *
One of the Kerala based television channel is campaigning heavily for
Taj Mahal, even without mentioning that World's largest and best-
preserved Hindu Temple Ankor Wat is in this contest with third
position as on date.
We request all Indians to vote for Angkor Temple of Cambodia which is the true symbol
of Indian culture and Indian pride and reject Taj Mahal. Angkor may be physically present in Cambodia, but everything that it represents is truly and uniquely Indian. If declared as a "world wonder", it will help highlight how the ancient Indian cutlure had spread far and wide and nurtured all of Asia and the world at large.
There were many other Indian monuments considered during the intial shortlisting of 77, including the temples of Ajanta, Ellora, Khajuraho, Hampi, Thanjavur, Madurai. But they could not make it to the final list. So, Angkor is the best bet of all that represents our culture among the given entries.
ANGKOR TEMPLE
Built during the reign of the Hindu King Suryavaman II, at the beginning of the
12th century, it is the largest Hindu temple on earth.
The Angkor Wat temple is a physical manifestation of Mount Meru, central in
Hindu cosmology. Also see
http://en.wikipedia .org/wiki/ Angkor
http://www.hinduwis dom.info/ Sacred_Angkor. htm
'TAJ MAHAL'
'Taj Mahal' was constructed by the Mughal emperor Shah Jahan, who was a
cruel tyrant. Contrary to the general hearsay, the love between him and his wife-concubine Mumtaz in
whose memory the Taj is supposed to have been erected, was far from true, sincere and
worthy of emulating. Taj Mahal is not an edifice of Love, but a symbol of Mugal tyranny and oppression.
World by a Swiss philanthropist Bernard Weber, a Swiss filmmaker and
curator.
* Please visit http://www.new7wond ers.com & vote for Angkor Wat Temple *
One of the Kerala based television channel is campaigning heavily for
Taj Mahal, even without mentioning that World's largest and best-
preserved Hindu Temple Ankor Wat is in this contest with third
position as on date.
We request all Indians to vote for Angkor Temple of Cambodia which is the true symbol
of Indian culture and Indian pride and reject Taj Mahal. Angkor may be physically present in Cambodia, but everything that it represents is truly and uniquely Indian. If declared as a "world wonder", it will help highlight how the ancient Indian cutlure had spread far and wide and nurtured all of Asia and the world at large.
There were many other Indian monuments considered during the intial shortlisting of 77, including the temples of Ajanta, Ellora, Khajuraho, Hampi, Thanjavur, Madurai. But they could not make it to the final list. So, Angkor is the best bet of all that represents our culture among the given entries.
ANGKOR TEMPLE
Built during the reign of the Hindu King Suryavaman II, at the beginning of the
12th century, it is the largest Hindu temple on earth.
The Angkor Wat temple is a physical manifestation of Mount Meru, central in
Hindu cosmology. Also see
http://en.wikipedia .org/wiki/ Angkor
http://www.hinduwis dom.info/ Sacred_Angkor. htm
'TAJ MAHAL'
'Taj Mahal' was constructed by the Mughal emperor Shah Jahan, who was a
cruel tyrant. Contrary to the general hearsay, the love between him and his wife-concubine Mumtaz in
whose memory the Taj is supposed to have been erected, was far from true, sincere and
worthy of emulating. Taj Mahal is not an edifice of Love, but a symbol of Mugal tyranny and oppression.
Monday, June 4, 2007
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