You are right. If Indian It companies had focussed in China, they would have reaped the rewards by now. China is progressing ahead of the world with all its contradictions.

Now I am worried about the global consensus that the recession is a global phenomenon. Indian export of iron ore has dwindled this year. China would certainly feel the heat of global slowdown depiste stimulus package. China`s growth rate would be 1% more than that of India in incoming years

Africa is going to be next growth centre, As I see while finalising executive summary of an international shipping venture, which is looking out for private equity. The charter rates have crashed so much that there is an interesting opportunity to acquire three year old vessels at bargain prices. We may see lot many sitting ducks in the days to come.

Mercator, which had hit 120 five months back is now at Rs. 27, lesser than 20% of all time high. If recession prolongs, all shipping companies shares will go down by another 30% from these levels. ...

Dear vkk43,

Chambal is a tantalising level of Rs. 36 from Rs. 50 a few days ago. How far it can go down?...

IFCI`s fall from height is really agonising. A dream gone sour. Chidambaram did not do any thing for IFCI. He could have favoured merger of IFCI with private bank like Indusind. Or he could have sold the stake to PNB. Alas what an opportunity was lost!

And now we see a price of Rs. 18. Risk takers have lost money....

Buy RNRL just before 27.11.08 before the hearing in the Court. In all probability RNRL will get windfall gain and if ruling comes in its favour then it may cross Rs. 100, while RIL will go down to Rs. 850.

Now it is to be seen who is better PRO? MDA or ADA ?...

In some other time horizon I would have disagreed with you. But knowing that election are due in March 09 and the possibility of a hung parliament, I gulp my words. But frankly I feel that Nifty will not go down to the level of 1600, as India`s GDP will be still at 6 in worst scenario. The fact that RBI is not aggressive in cutting down the interest rates, shows that the possibility of GDP at 7.5 exists. So Nifty at 2200 should be the final point at which one can think of selling his spare flat and buying frontliners and some good midcaps.

The finance Ministry also wants Oil marketing companies to make money to reduce budget deficit, So fuel prices may not be cut on rational basis. They may be cut marginally in view of election during which time RBI will reign supreme. ...

RBI in future will not give money in the hands of Realtors. They made artificial bubble by hiking realty prices to the point of madness. If Indians don`t buy houses for a year, the realty market will crash by 50%.

It pains me to see that young couples mortgaging their 20 years income for repayments. Realty shares will now bounce only in 2010....

Will it come in the region of Rs. 45 to 50? Its bounce from Rs. 44 was amazing....

very very important point made pal, hung parliament -- that will be a speed breaker on our share market Cheers. ....

dear hembhat, You are bang on.Africa is going to be the next growth centre.It is no coincidence that Obama the president elect is an Afro American. Those who know how to read the news already got the hint. regards ...

If i know then i could wait instead of buying 58. But these days everything is possible. Any level is possible so keeping some money for good entry level....

Market is looking extremely weak going forward. It has great support at around 31/32. I think it should sustain there and if not, then it will have a free fall upto 25/27, may be....

hembhat, It is not just an opportunity lost. Many institutions/banks and their investors have lost. The loans given by some institutions/banks were forced to convert just a year back (I do not remember)at around Rs.70/- or so. It is not only the Finance Minster/Ministry at fault but also the CEO of IFCI. Some parallel is being seen presently in divestment of PNB Gilts by PNB. Egoism/headweight has no place in the market....

IFCI fall has taught a lesson. Never believe a human being like Chidambaram. Believer in GOD and in oneself. ...

Market will continue to trade in negative zone for a major part of the day on 19.11.08 Wednesday. However a late rally will enable Nifty to break 5 days of negative close. Nifty will have a positive close on Wednesday....