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jaisankar  [ Belongs to: Platinum Circle ]

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about jaisankar  
Joined on: 2nd Feb 2006
Posted 1688 messages to date
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Last Visited by: k1pradnya, mitz, sivram_k
 
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26th Nov day trading call/jssnice@yahoo.co.in

Atlanta

Posted by : jaisankar

Date :26th Nov, 2009 - 10:23

BSE: Rs 156.65 ( 4.05 % ), NSE: Rs. 158.70 ( 5.13 % )
Buy Atlanta@156 Taraget 162++


Rasipuram jaisankar...

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26th Nov Day trading call/ jssnice@yahoo.co.in

Union Bank

Posted by : jaisankar

Date :26th Nov, 2009 - 10:20

BSE: Rs 278.35 ( -0.94 % ), NSE: Rs. 278.20 ( -1.05 % )
buy Union bank@278 SL 274 T-286++ ...

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Fed official says "0" % interest

News Now

Posted by : jaisankar

Date :25th Nov, 2009 - 18:48

Federal Reserve policy makers said for the first time that their decision to cut interest rates to zero may be fueling undue financial-market speculation even as they called the dollar’s decline “orderly.”

The Federal Open Market Committee said its policy of keeping rates low might cause “excessive risk-taking” or an “unanchoring of inflation expectations,” according to minutes of its Nov. 3-4 meeting released yesterday. Central bankers also said further dollar depreciation that might “put significant upward pressure on inflation would bear close watching.”

The dollar weakened as investors wagered the central bank will tolerate further declines in a currency that has slid more than 6 percent against the yen in three months. Policy makers are wary of fueling a third asset-price bubble in about a decade as they hold the benchmark interest rate near a record low to revive growth, economists said.

“Financial markets have been doing much better than people might have expected,” said Marvin Goodfriend, a former policy adviser at the Richmond Fed who is now a professor at Carnegie Mellon University in Pittsburgh. “The Fed is saying to markets, ‘Don’t overdo it.’”
...

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The U.K. economy shrank less than previously estimated in the third quarter as consumer spending stopped falling and the service industries slump eased, bringing the longest recession on record closer to an end.

Gross domestic product fell 0.3 percent from the previous three months, compared with a prior measurement of a 0.4 percent drop, the Office for National Statistics said today in London. The result matched the median prediction of 28 economists in a Bloomberg News survey.

Prime Minister Gordon Brown this week called for stimulus to stay in place to avoid “choking off recovery” as an election looms within six months. The Bank of England has expanded its bond-purchase plan three times since March to ensure Britain’s escape from recession and Governor Mervyn King said yesterday the pickup isn’t “particularly strong.”

“Over the coming quarters the economy will accelerate pretty sharply,” said Nick Kounis, chief European economist at Fortis Bank Nederland NV in Amsterdam and a former U.K. Treasury official. “In third quarter the U.K. was one of the sick men of Europe but it’s going to step up a few gears and will be one of the stronger performers in Europe next year.”

The pound rose 0.8 percent against the dollar today and traded at $1.6704 as of 11:04 a.m. in London. The yield on the 2-year gilt fell 6 basis points to 1.16 percent.

Lagging Behind

The U.K.’s recovery has lagged behind that of the U.S. and the euro area, which have both returned to growth. Data yesterday showed Germany’s economic growth accelerated in the third quarter, while the U.S. economy expanded at a 2.8 percent annual rate, less than the government reported last month.

Brown is trying to revive the U.K. economy in time to defeat Conservative Leader David Cameron at the election, due by June. An Ipsos Mori poll in the Observer on Nov. 22 showed the Conservatives with a six-point lead, the least since December.

Consumer spending was unchanged in the third quarter, the first time it hasn’t dropped in 1 1/2 years. Government spending rose 0.2 percent,
...

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German banks may have to write off 6billion

News Now

Posted by : jaisankar

Date :25th Nov, 2009 - 18:43

German banks may have to write off another 90 billion euros (6 billion) on bad loans and securitization instruments, threatening profitability even as the economy recovers from recession, the Bundesbank said.

Further write-downs on loans may range from 50 billion euros to 75 billion euros, the Frankfurt-based Bundesbank said today in its Financial Stability Report. Banks may also need to write off another 10 billion euros to 15 billion euros in losses from securitization instruments, mostly collateralized debt obligations, it said.

“If the economic recovery continues, which the latest forecasts indicate, losses would be lower,” Bundesbank board member Hans-Helmut Kotz said at a press briefing. Still, “it would be wrong to declare the financial and the related economic crisis over.”

The world’s largest financial-services companies have racked up more than .7 trillion of losses and write-downs since the start of the financial crisis, according to Bloomberg data. German banks have so far written off at least 5 billion. Deutsche Bank AG Chief Executive Officer Josef Ackermann said on Oct. 12 that loan defaults still pose a risk and that the financial sector’s situation is “fragile.”

“The financial markets have now recovered significantly, and recently there has been a perceptible improvement in the outlook for growth,” Kotz said. “Nevertheless, further tests for German banks look likely.”

While write-downs on loans may not yet have peaked, demand for credit it likely to grow as the economy improves, the Bundesbank said in its report. Banks must be ready to make loans to businesses
...

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Suzlon receives 42 MW repeat order from Infigen Ene

Suzlon Energy

Posted by : jaisankar

Date :25th Nov, 2009 - 12:22

BSE: Rs 71.60 ( 0.28 % ), NSE: Rs. 71.65 ( 0.07 % )
Suzlon Energy Ltd has informed BSE regarding a Press Release dated November 25, 2009 titled "Suzlon Energy Australia receives 42 MW repeat order from Infigen Energy"...

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Book profit@572 level/jssnice@yahoo.co.in

BPCL

Posted by : jaisankar

Date :25th Nov, 2009 - 12:20

BSE: Rs 570.50 ( 5.81 % ), NSE: Rs. 570.50 ( 5.65 % )
25th day trading

Those who are bought BPCL@548 level book profit@572 level.

Gail booth target 408/412 achived

Rasipuram jaisankar...

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