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sell gold around 13275 stp 13315 tgt 13175...
In reply to:
Sell MCX Feb Gold at Rs 13400: Mittal
Posted by :
MMB Messenger
For gold, sell MCX February at Rs 13,400 per 10 grams with a target of Rs 13,000 per 10 grams, says Mittal. 
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For gold, sell MCX February at Rs 13,400 per 10 grams with a target of Rs 13,000 per 10 grams, says Mittal....
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dear chchch,
i do not know how many high cost items you have got in use by yourself from china. We were always worried buying korean products.
Now slowly we have changed over time. That is the case with china.
no one is still confident on chinese quality on their products.
Name which heavy duty high cost items we buy from china.
we ( most People ) fear chinese quality except buying low cost
throwaways and freebees.
/HT/...
In reply to:
sensex may touch 11000 in jan`2009
Posted by : chchch
honeystrack, Reg. BHEL, why did the Govt. of India forced Jindals to scrap the idea of getting power equipments from China (may be cheaper and higher capacities) but to get it from BHEL, especially when as you say, BHEL had booked orders worth 45,000 crores for the next 2 years? Is it because BHEL will be exposed with regard to lower capacity transformers OR lower price of chinese equipment OR higher efficiency of the imported equipments from China OR the fear that the existing orders may have to be revised by BHEL as the purchasers who contracted earlier may re-negotiate the deals OR all of the abov?
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TPC sues govt on allowing Anil Ambani-firm to divert coal from Sasan mines.
Tata Power Company (TPC) has moved the Delhi High Court challenging the government’s decision to allow Anil Ambani-led Reliance Power to divert coal from the captive mines of Sasan Ultra Mega Power Project for use in other projects.
Terming the government’s decision as “arbitrary” and “illegal,” TPC, one of the bidders for the Sasan project, said that the government should be directed to produce all records along with the Letter of Intent issued to RPower on August 1, 2007 for the Sasan UMPP.
Besides, it also sought documents of other consequential contracts entered into between them including power purchase agreement, as it claimed that other bidders were not aware of the provision to use coal from captive mines for other projects.
“Arbitrary and illegal actions of the respondents (the coal ministry and PFC) in granting approval to divert coal from the captive coal mines of Sasan UMPP to RPower-successful bidder-for use in other projects is completely contrary to the express terms of the Bid Documents disclosed to all the bidders in the Bidding Process and changes the entire operating economics of Sasan UMPP,” TPC said in its petition.
“The petition seeks to challenge... the decision making process as well, by which the RPower was first awarded an ultra mega power project at Sasan on certain specified terms (pursuant to a competitive bidding process) and then radically altered those terms, thereby changing the entire economics of the operation of the said Project,” contended TPC.
The company further submitted that as per the terms of the tender for the 3,960 MW Sasan UMPP, its three coal blocks - Moher, Moher-Amlori Extension and Chhatrasal - were allocated to RPower for exclusive of the plant.
In its petition, TPC further submitted that the government of Madhya Pradesh, where the project is located, recommended the Centre to permit RPower to use “alleged extra coal available” for its other 4,000 MW project being developed in the state at Chitrangi.
On this basis, RPower sought permission from the Centre and the matter was refereed to an Empowered Group of Ministers (EGoM).
The EGoM suggested that extra coal could be sold on the condition that additional power generated by it should be sold also through a tariff-based competitive bidding route, submitted TPC.
The matter was again considered by the EGoM on August 14, 2008 and RPower was permitted to use “incremental coal” quantity, subject to compliance with the said condition.
Rejecting EGoM’s recommendation, TPC submitted, “The 4,000 MW power generation project being developed by RPower at Chitrangi is not through the competitive bidding route at all, but was through the MoU route in which about 37.5 per cent power generated from the Chitrangi Project is assured to be supplied to the State of MP at a regulated tariff.”
TPC, which was one of the bidders of Sasan UMPP, further contended that it had bid for the project on the faith and belief that the terms and conditions had been framed after due consideration and would be adhered to and the coal available from the allocated captive mines was for the project only, and not for any other power generation projects.
“Were it known to the TPC that such a dramatic change in the very core of the structure of the Sasan UMPP would be permitted the TPC would have submitted a substantially different bid,” TPC further submitted.
BS..........
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Iam still not convinced.......on Tata steel.....and I dont see any zoom in any of the metal sector soon....see the margins are going to hit hard irrespective of a higher sale YOY...but look at qtr to qtr.....probably we will have to wait and watch next qtr.....but the margins are hitting hard..NO doubt.....
======= BHEL....Iam still worried....the FII holding is around 17%.....will have to wait and watch.....Anyway I have offloaded 75% of my positions in BHEL at different levels 1350--1400....
====== Lets see how things go forward...
Cheers...
Santhosh...??...
In reply to:
sensex may touch 11000 in jan`2009
Posted by :
honestytrack
Hi santosho,
the tatasteel qoq mom have all been known and that is why sensex lost
and went down to 9000 and tatasteel came to 140. well that is a past known story.
will tell you a secret, since market will expect bad qoq for tatasteel and all majors and then theses companies though the reports would be bad , but marginally better than the bad expectation the markets will appreciate the performance above expectation and the scrip will zoom.
I hope you remember BHEL it had booked orders 45000 crores for next 2 years and their margins were higher than the previous year, still
the scrip lost 300 rupees on the day of results. Not because
the result was bad, but the result was not upto expectation.
Now apply the reverse as a corollary then when market is bad and expects bad results, any marginal improvement will have bull`s effect. Tatasteel might zoom back
/HT/
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honeystrack, Reg. BHEL, why did the Govt. of India forced Jindals to scrap the idea of getting power equipments from China (may be cheaper and higher capacities) but to get it from BHEL, especially when as you say, BHEL had booked orders worth 45,000 crores for the next 2 years? Is it because BHEL will be exposed with regard to lower capacity transformers OR lower price of chinese equipment OR higher efficiency of the imported equipments from China OR the fear that the existing orders may have to be revised by BHEL as the purchasers who contracted earlier may re-negotiate the deals OR all of the abov?...
In reply to:
sensex may touch 11000 in jan`2009
Posted by : honestytrack
Hi santosho,
the tatasteel qoq mom have all been known and that is why sensex lost
and went down to 9000 and tatasteel came to 140. well that is a past known story.
will tell you a secret, since market will expect bad qoq for tatasteel and all majors and then theses companies though the reports would be bad , but marginally better than the bad expectation the markets will appreciate the performance above expectation and the scrip will zoom.
I hope you remember BHEL it had booked orders 45000 crores for next 2 years and their margins were higher than the previous year, still
the scrip lost 300 rupees on the day of results. Not because
the result was bad, but the result was not upto expectation.
Now apply the reverse as a corollary then when market is bad and expects bad results, any marginal improvement will have bull`s effect. Tatasteel might zoom back
/HT/
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Hi santosho,
the tatasteel qoq mom have all been known and that is why sensex lost
and went down to 9000 and tatasteel came to 140. well that is a past known story.
will tell you a secret, since market will expect bad qoq for tatasteel and all majors and then theses companies though the reports would be bad , but marginally better than the bad expectation the markets will appreciate the performance above expectation and the scrip will zoom.
I hope you remember BHEL it had booked orders 45000 crores for next 2 years and their margins were higher than the previous year, still
the scrip lost 300 rupees on the day of results. Not because
the result was bad, but the result was not upto expectation.
Now apply the reverse as a corollary then when market is bad and expects bad results, any marginal improvement will have bull`s effect. Tatasteel might zoom back
/HT/ ...
In reply to:
sensex may touch 11000 in jan`2009
Posted by : santhosho
====== Watch out TATA STEEL result======= As per the expectaion...Q to Q both the sales and the margins would go down........YOY both the sales and Margins will go up........Big growth in sales but margins may go down drastically......But market will surely look at Q to Q.......Which would be highly disappointing.......
======= Be cautious while selecting Steel......
Cheers..
Santhosh...??
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tally mid caps have a lot of catching up to do.... akruti MIGHT BE A DELIGHT SOON... THE WORD I USE IS MIGHT.. AS MIGHT IVRCL...
In reply to:
sensex may touch 11000 in jan`2009
Posted by : tally
Dear Rittu, Thanks for the list. I purchased Moser Baer at Rs61 few days back. It closed today at Rs82. I think Q3 results are expected to be better than earlier estimates & MANY MID SMALL CAP COS WILL COME OUT WITH MUCH BETTER RESULTS.
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US markets ended marginally higher on extremely low turnover session; Dow Jones ended up 47 points at 8515.5, Nasdaq was up 5.5 points at 1530.2 while S&P 500 gained 4.5 points at 872.80. Total shares traded on NYSE were around 50% less compared to average daily turnover; around 517 million against averaged about 1.5 billion...
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i think so too... today was a better than expected day... at least by me... so i guess its thunbs up now...
rittu...
In reply to:
sensex may touch 11000 in jan`2009
Posted by : tally
Dear Rittu, Thanks for the list. I purchased Moser Baer at Rs61 few days back. It closed today at Rs82. I think Q3 results are expected to be better than earlier estimates & MANY MID SMALL CAP COS WILL COME OUT WITH MUCH BETTER RESULTS.
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Dear Rittu, Thanks for the list. I purchased Moser Baer at Rs61 few days back. It closed today at Rs82. I think Q3 results are expected to be better than earlier estimates & MANY MID SMALL CAP COS WILL COME OUT WITH MUCH BETTER RESULTS....
In reply to:
sensex may touch 11000 in jan`2009
Posted by : nightowl
grasim tally grasim.....
and hindustn zinc and rohit ferro alloy
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Sorry HT, that was for night..
Regards.....
In reply to:
sensex may touch 11000 in jan`2009
Posted by : honestytrack
Hi Hk65
i am honestytrack no maam but a sir sir.
/HT/
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honestytrack-Thanks for your observation!!
...
In reply to:
sensex may touch 11000 in jan`2009
Posted by : honestytrack
hi chief,
interesting observation.
but then that happened 70 years ago.
One thing in life is reality is good.
but all our hopes want them to be fiction.
for some reason dow would be not driving totally the sensex any more,
atleast for the next 2 quarters.
/HT/
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Ashika Stock Brokers` Bothra also agreed: "In one word, it would be positive for investors. However, considering the present situation, it does not seem likely."
Some others see quite a possibility of the two brothers breaking the bread together. "One should not rule out any possibility, especially after the Bajaj brothers having reached a kind of settlement," Kejriwal noted.
"There is a possibility. Nothing can be ruled out keeping in mind the investors` expectations," he said.
However, not all see the possibility of Mukesh and Anil smoking the peace pipe. "The situation is hypothetical and theoretical in nature and can only happen in a fiction movie," Nexgen Capital`s Equity Head Jagannadham Thunguntla said.
"However, if this happens, both the brothers can concentrate their productive energy together operating with each other. The groups have evolved considerably since the days of demerger (in 2005) and it is much bigger than the size of Reliance during Dhirubhai Ambani (regime). So, if at all this happens, it would be a good thing for the shareholders," he added....
In reply to:
What investors don`t want again in 2009 !!!
Posted by : morningdew
NEW DELHI:{PTI} Ambanis` fight, Lehman collapse, Mumbai terror strikes, Satyam-like corporate governance fiasco, sky-rocketing inflation, massive layoffs, ballooning interest rates, acute credit crunch and pitfalls of coalition government -- having seen all these unfold during 2008, investors do not want any repeat this year.
Even if some of these cannot be wished away, market experts believe that investors would certainly feel relieved not to see again these and many other dreadful events that made 2008 certainly a bad year.
While a reunion between warring Ambani brothers Mukesh and Anil tops the wish list of lakhs of investors, who had to suffer heavily in 2008 because of the fight on issues ranging from MTN controversy to gas dispute, there are many other events they want to forget as a bad dream.
The events include high inflation, surging crude oil prices, corporate governance issues emerging from Satyam`s aborted bid to acquire two firms promoted by its chairman`s family, Mumbai terror strikes and subsequent political tension with Pakistan, Singur controversy, ballooning interest rates that made credit a scarce commodity and huge cost-cutting exercises adopted by the companies.
Besides, there are the global happenings such as worldwide credit crisis, fall of Lehman Brothers and many other global giants, crash in the market, need of bailout packages from the governments, over-dependence on `hot money` or excess-leveraging for loans, and also a Madoff-like scam, which made 2008 an unforgettable year.
"If God is going to ask for a single wish, I think everybody across the world, irrespective of the caste, creed and culture, would wish that 2008 is not to be repeated in their lifespan," Taurus Mutual Fund Managing Director R K Gupta said.
"It was a year of mayhem for the world economy and capital market in particular," he added.
Gupta listed out need of a bailout package for any sector, inconsistency in the government and central bank policies, Satyam/Pyramid Saimira like issues, production cuts/plant closures/layoffs, media interference in investment decisions and over-dependence on leveraging as some of the things that investors do not want again in 2009.
KPMG Advisory Services Director Jaideep Ghosh named some of such issues as the high inflation, oil price surge, lack of corporate governance by promoters and boards of directors, such as in the case of Satyam-Maytas fiasco and political tension with neighbouring countries that lead to economic impact also.
According to Ghosh, other issues that investors would not want to be repeated this year would include credit crisis, Lehman-like fall, Singur controversy, market crash and Mumbai attacks.
Brokerage firm SMC Global Vice President Rajesh Jain said that his wish list would include stable oil prices, interest rates under control, no layoffs and a stable government.
"With the elections coming in next few months, I do not want a coalition government," Ashika Stock Brokers` Research Head Paras Bothra said.
Other things that investors do not want in 2009 would be inflation hitting double-digit again, credit crunch, collapse of banks, developed economies falling into recession and a broker scam in the country, Bothra added.
Kejriwal Research and Investment Services` Arun Kejriwal said he does not want commodity prices to rise again in 2009, "because when the bubble bursts, it hurts the most. I want a more or less range-bound price regime as neither a rise is sustainable nor a fall."
"I do not want anything that would cast its shadow on the economy. Nobody is expecting anything great this year, unlike 2008 when expectations were running riot. Hence whatever will happen will happen for good and much better times await in 2009 as the negatives are mostly over in 2008," Jain noted.
However, one of the most-wished issues, even if it appears utopian, is for Mukesh and Anil Ambani to bury their differences and come together in the new year to create an unmatched business empire.
The year 2008 saw the rivalry between the two reaching new levels with Mukesh-led Reliance Industries allegedly putting a spanner in Anil-led Reliance Communications` plan to merge with South African telecom major MTN, Anil Ambani filing a Rs 10,000-crore defamation suit against Mukesh and court battle over gas dispute between them making no headway.
With their cutthroat rivalry being seen as the biggest roadblock in the growth of the two groups, some market observers believe that probability is almost nil for a truce, others actually see a possibility, but almost all believe that it would be the ultimate gain for the investors if they ever call it quits.
"My wish list for investors` benefit is topped by a truce between the Ambani brothers. Investors have seen it all and the warring brothers have seen wealth destruction. It is time for them to call a truce," SMC Global`s Jain said.
conti..........
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NEW DELHI:{PTI} Ambanis` fight, Lehman collapse, Mumbai terror strikes, Satyam-like corporate governance fiasco, sky-rocketing inflation, massive layoffs, ballooning interest rates, acute credit crunch and pitfalls of coalition government -- having seen all these unfold during 2008, investors do not want any repeat this year.
Even if some of these cannot be wished away, market experts believe that investors would certainly feel relieved not to see again these and many other dreadful events that made 2008 certainly a bad year.
While a reunion between warring Ambani brothers Mukesh and Anil tops the wish list of lakhs of investors, who had to suffer heavily in 2008 because of the fight on issues ranging from MTN controversy to gas dispute, there are many other events they want to forget as a bad dream.
The events include high inflation, surging crude oil prices, corporate governance issues emerging from Satyam`s aborted bid to acquire two firms promoted by its chairman`s family, Mumbai terror strikes and subsequent political tension with Pakistan, Singur controversy, ballooning interest rates that made credit a scarce commodity and huge cost-cutting exercises adopted by the companies.
Besides, there are the global happenings such as worldwide credit crisis, fall of Lehman Brothers and many other global giants, crash in the market, need of bailout packages from the governments, over-dependence on `hot money` or excess-leveraging for loans, and also a Madoff-like scam, which made 2008 an unforgettable year.
"If God is going to ask for a single wish, I think everybody across the world, irrespective of the caste, creed and culture, would wish that 2008 is not to be repeated in their lifespan," Taurus Mutual Fund Managing Director R K Gupta said.
"It was a year of mayhem for the world economy and capital market in particular," he added.
Gupta listed out need of a bailout package for any sector, inconsistency in the government and central bank policies, Satyam/Pyramid Saimira like issues, production cuts/plant closures/layoffs, media interference in investment decisions and over-dependence on leveraging as some of the things that investors do not want again in 2009.
KPMG Advisory Services Director Jaideep Ghosh named some of such issues as the high inflation, oil price surge, lack of corporate governance by promoters and boards of directors, such as in the case of Satyam-Maytas fiasco and political tension with neighbouring countries that lead to economic impact also.
According to Ghosh, other issues that investors would not want to be repeated this year would include credit crisis, Lehman-like fall, Singur controversy, market crash and Mumbai attacks.
Brokerage firm SMC Global Vice President Rajesh Jain said that his wish list would include stable oil prices, interest rates under control, no layoffs and a stable government.
"With the elections coming in next few months, I do not want a coalition government," Ashika Stock Brokers` Research Head Paras Bothra said.
Other things that investors do not want in 2009 would be inflation hitting double-digit again, credit crunch, collapse of banks, developed economies falling into recession and a broker scam in the country, Bothra added.
Kejriwal Research and Investment Services` Arun Kejriwal said he does not want commodity prices to rise again in 2009, "because when the bubble bursts, it hurts the most. I want a more or less range-bound price regime as neither a rise is sustainable nor a fall."
"I do not want anything that would cast its shadow on the economy. Nobody is expecting anything great this year, unlike 2008 when expectations were running riot. Hence whatever will happen will happen for good and much better times await in 2009 as the negatives are mostly over in 2008," Jain noted.
However, one of the most-wished issues, even if it appears utopian, is for Mukesh and Anil Ambani to bury their differences and come together in the new year to create an unmatched business empire.
The year 2008 saw the rivalry between the two reaching new levels with Mukesh-led Reliance Industries allegedly putting a spanner in Anil-led Reliance Communications` plan to merge with South African telecom major MTN, Anil Ambani filing a Rs 10,000-crore defamation suit against Mukesh and court battle over gas dispute between them making no headway.
With their cutthroat rivalry being seen as the biggest roadblock in the growth of the two groups, some market observers believe that probability is almost nil for a truce, others actually see a possibility, but almost all believe that it would be the ultimate gain for the investors if they ever call it quits.
"My wish list for investors` benefit is topped by a truce between the Ambani brothers. Investors have seen it all and the warring brothers have seen wealth destruction. It is time for them to call a truce," SMC Global`s Jain said.
conti.............
