Market review: Sensex slides ahead of Bernanke speech

Indian markets fell in line with European market ahead of an important speech from Federal Reserve Chairman Ben Bernanke. BSE Sensex closed below the psychological 16,000 mark at a 18 month low of 15,848, down 297.50 points. All the sector indices were in red on Friday, while 27 of the 30 Sensex stocks closed lower than previous day.

A number of frontline stocks hit their year low. Reuters

Among the BSE index stocks that fell the most was JP Associates which was down by over 7.5 percent, DLF down nearly 6 percent, Tata Steel fell over 4.75 percent while Reliance was down by over 4.5 percent at Rs 719.50.

Anil Dhirubhai Ambani group stocks were hit the most with Reliance Capital falling by over 12 percent at Rs 344.20, while Reliance Communication fell by over 10 percent at Rs 72.20. Reliance Capital has been replaced by Coal India in Nifty stocks.

A number of frontline stocks hit their year low including State Bank of India, Reliance Industries, Maruti Suzuki, NTPC, Tata Steel, Tata Power, NTPC and Jai Prakash Associates.

Market breadth, a sign of the strength of the market was extremely bearish, with five stocks falling for every one that rose.

Realty stocks led the fall with the indices falling by over 4 percent. This was followed by metals which fell by 3.69 percent and oil and gas falling by 3.19 percent.

Tree House made its debut with a subdued listing but by the end of the day closed 12 per cent lower than the issue price at Rs 116.55. The company came out with an IPO at a price of Rs 129 for the retail investors.

No Monkey business: These stocks give Sensex a complex

Not bad! In the first week after their launch, our Monkey portfolios outperformed the BSE Sensex, the benchmark against which we’re measuring the performance of both portfolios.

While the Sensex dropped 3 percent between 19 August and 26 August, our Monkey portfolio 1 — comprising 10 randomly-picked BSE 100 stocks — slipped a marginal 0.1 percent. Our Monkey portfolio 2 — consisting of 10 randomly-selected BSE 500 stocks, shed 2 percent.

In the first week, our Monkey portfolios outperformed the BSE Sensex. Reuters

Against the Nifty too, both Monkeys managed to hold their own: Monkey 2 managed to match the Nifty’s performance, which also lost 2 percent, while our lucky Monkey 1 put up a better performance than the Nifty.

Beginner’s luck? Maybe, maybe not. Next week, we will add the list of 10 stocks recommended by the experts and compare the performances of our Monkey portfolios against those picks as well.

So visit this space soon, and find out how our Monkeys perform as they take on the big guns of the investment world.

अन्ना का अनशन आज एक ५ साल की बच्ची ने तुडवाया.. आज का दिन भारत के इतिहास मे इएतिहसिक दिन माना जाएगा..

The entire nation is celebrating the mighty assertion of people’s power led by Anna Hazare, which culminated in yesterday’s historic parliamentary resolution acknowledging the popular yearning for a strong and effective Lokpal to combat corruption.

There is, of course, much to rejoice in the fact that the thunderous roar of the people – not just those who had gathered for days at Ramlila Maidan, but in cities and towns across India – was finally heard by our tone-deaf parliamentarians who had thus far been living in a parallel universe of power.

Money :

Pakistan agrees to grant Most Favoured Nation status to India: Report A senior official of the Ministry of Trade said on the condition of anonymity that the status of MFN would be granted during the current year.

More reports »

August 27, 2011

Facebook ending Deals product after four-month test

Facebook is getting out of the daily deals business after four months of testing, a move that may ease some competitive pressure on industry leaders Groupon and LivingSocial.

'There is good value in the banking sector at present'

Raamdeo Agrawal, joint managing director of Motilal Oswal Financial Services, believes the recent correction in the banking sector has left a lot of value on the table for investors.

NMDC gets time till September for Legacy Iron Ore bid

Mining company NMDC plans to complete the bidding process for acquiring a 50% stake in Australian mining company Legacy Iron Ore sometime in September.

Apollo Hospitals to raise capacity 25%

Healthcare major Apollo Hospitals is increasing capacity by one-fourth, or 2,400 beds, at its various hospitals from the current 9,000 beds, The expansion would cost the company Rs1,500 crore.

August 26, 2011

Kingfisher okays $434 million rights share issue

The company, promoted by liquor baron Vijay Mallya, gave no timing or details of the proposed issue.

Bloomberg to buy legal research firm for $990 million

Bloomberg LP plans to buy legal tax and regulatory research company BNA for about $990 million as it shores up its legal business in a direct aim at rivals Thomson Reuters and Reed Elsevier.

S&P says market sentiment had weakened before US downgrade

S&P earlier this month cut the US rating and said the outlook remained negative, sparking a rout in global stock markets.

Sensex ends below 16000 after 18 months; down 297 points

The Sensex, which had lost points in the last two trading sessions, fell further to 15,848.83, a level last seen on February 10 last year.

August 25, 2011

Gold prices fall by Rs1,840 per 10 gm; biggest single-day drop

After climbing to the all-time high of Rs28,145 mark earlier this week, gold prices witnessed the biggest one-day drop on frantic selling by investors.

Investors undaunted as Apple's Steve Jobs steps aside

In announcing he could no longer fulfill his duties, Jobs stepped away from his CEO duties and cleared the way for Tim Cook.

Madhavpura Bank gets life, conditions apply

Board gets indefinite extension but RBI puts restrictions on it under Article 35 (A). This means bank can’t accept new deposits but investors can hope to get back their money.

RBI warns of high prices, low growth ahead

The apex bank said inflation will remain at elevated levels for some more time while the economic growth rate will moderate in the current fiscal.

Anna Hazare's conditions : >>

Team Anna has reportedly received internal communication from Parliament that states that all three conditions of Anna Hazare have been agreed upon.

According to TV reports, Finance Minister Pranab Mukherjee is likely to move an appeal at 4.30 pm in Parliament.

The government and the opposition on Saturday appeared to be on the same page in Lok Sabha during the debate on the Lokpal issue with both sides emphasising that Anna Hazare should end his fast.

A discussion in the House over the issue saw the two sides moving closer to a consensus on most points, including the three sticky issues of including the lower bureaucracy, appointing Lokayuktas in states and having a Citizens' Charter, which were a bone of contention in the past.

The tone of the debate was set by NDA Working President LK Advani who in his brief remarks appealed to the House to discuss the issue for the entire day but ensure that by evening the views of the House reach Hazare.

According to the Economic Times, he felt that today's discussion would be fruitful only if Hazare heeds the appeals made by the prime minister, leader of opposition, the speaker and the House and breaks his fast.

Leader ofOpposition Sushma Swaraj said history has given the House an opportunity to pass this legislation and it should not miss it by getting entangled in technicalities.

"Let us give this country an effective, strong, free and impartial Lokpal," she said.

Ending all speculations about BJP's reservations on the three sticky points on which Team Anna was adamant, Swaraj said her party gives its consent to all of them.

The Congress also underlined that the government was agreeable to reasonable changes on the contentious issues and most of it is "a matter of dialogue and design".

Sandeep Dikshit (Cong) said the debate should firstly limit its aim to reaching a consensus so that Hazare can end his fast, which entered its 12th day today.

Citizen charter: Anna wins first round, but some worrying signs remain

All's well that ends well. Parliament's acceptance of Anna Hazare's three major demands, bringing the lower bureaucracy under the Lokpal, setting upLokayuktas in the states and introducing the concept of citizen's charters to deal with public grievances, has led to the septuagenarian crusader to call off his 12-day fast even as he was entering the "danger zone" in medical terms.

The historic nature of the day cannot be overemphasized. That the parliament of the world's "largest functioning democracy", in finance minister Pranab Mukherjee's words, bowed to what has been widely regarded as the wishes of the people could not but enhance its prestige.

In addition, the high quality of the debate did the same, especially the speeches of some of the young MPs. They underlined a level of awareness and sensitiveness which bodes well for the country. The manner in which the two main parties, the Congress and the Bharatiya Janata Party (BJP), came together to ensure the unanimous acceptance of the resolution incorporating the three points mentioned by Anna demonstrated how they could rise above partisan considerations when the need arose.

However, a few worrying signs remain because, even in their moment of victory, the conduct of the civil activists left a great deal to be desired. For a start, the fact that the resolution was accepted with the thumping of desks by the MPs and not through a voice vote, as was earlier expected, persuaded Medha Patkar, a prominent community worker, to describe what took place in parliament as "part betrayal". Her grouse was that the assurance given to her and her colleagues about a voice vote was not kept.

What this attitude underlined yet again was the combative insistence on having their own way which has guided Anna Hazare's foot soldiers. Although they finally agreed to only the passage of a resolution, and not the introduction of their Jan Lokpal bill, the basic intransigence of their attitude was again evident when they raised objections to the "tainted" union minister Vilasrao Deshmukh carrying the resolution to the Ramlila grounds in view of his suspected involvement in the Adarsh housing society scandal in Mumbai.

Their earlier preference for a vote was also apparently motivated not so much by respect for democratic procedures as by a canny desire to find out the dissenters so that they could later be subjected to harassment and intimidation. It is this kind of in-your-face bellicosity which has led to a split in the Anna camp itself with Swami Agnivesh alleging that the Gandhian satyagrahi was being badly advised while Justice Santosh Hegde had said that the fast should have been called off earlier when the government accepted that the prime minister would be brought under the Lokpal's ambit. This division in the civil society ranks seems to have persuaded the government to approach Anna directly after the passage of the resolution, bypassing some of his obdurate aides.

Congratulations to all of you!

Congratulations to all of you!
Anna Hazare wins, Parliament passes resolution on Lokpal Bill. Anna will end his fast at 10 am tomorrow. INDIA - Jai Ho !

Both Houses of Parliament on Saturday passed a resolution conveying the sense of the House on the Lokpal Bill, paving the way for Anna Hazare to break his fast.

Lokpal Bill

See how Lokpal Bill can curb the politicians, Circulate it to create awareness ..

Existing System	System Proposed by civil society
No politician or senior officer ever goes to jail despite huge evidence because Anti Corruption Branch (ACB) and CBI directly come under the government. Before starting investigation or initiating prosecution in any case, they have to take permission from the same bosses, against whom the case has to be investigated.	Lokpal at centre and Lokayukta at state level will be independent bodies. ACB and CBI will be merged into these bodies. They will have power to initiate investigations and prosecution against any officer or politician without needing anyone’s permission. Investigation should be completed within 1 year and trial to get over in next 1 year. Within two years, the corrupt should go to jail.
No corrupt officer is dismissed from the job because Central Vigilance Commission, which is supposed to dismiss corrupt officers, is only an advisory body. Whenever it advises government to dismiss any senior corrupt officer, its advice is never implemented.	Lokpal and Lokayukta will have complete powers to order dismissal of a corrupt officer. CVC and all departmental vigilance will be merged into Lokpal and state vigilance will be merged into Lokayukta.
No action is taken against corrupt judges because permission is required from the Chief Justice of India to even register an FIR against corrupt judges.	Lokpal & Lokayukta shall have powers to investigate and prosecute any judge without needing anyone’s permission.
Nowhere to go - People expose corruption but no action is taken on their complaints.	Lokpal & Lokayukta will have to enquire into and hear every complaint.
There is so much corruption within CBI and vigilance departments. Their functioning is so secret that it encourages corruption within these agencies.	All investigations in Lokpal & Lokayukta shall be transparent. After completion of investigation, all case records shall be open to public.  Complaint against any staff of Lokpal & Lokayukta shall be enquired and punishment announced within two months.
Weak and corrupt people are appointed as heads of anti-corruption agencies.	Politicians will have absolutely no say in selections of Chairperson and members of Lokpal & Lokayukta. Selections will take place through a transparent and public participatory process.
Citizens face harassment in government offices. Sometimes they are forced to pay bribes. One can only complaint to senior officers. No action is taken on complaints because senior officers also get their cut.	Lokpal & Lokayukta will get public grievances resolved in time bound manner, impose a penalty of Rs 250 per day of delay to be deducted from the salary of guilty officer and award that amount as compensation to the aggrieved citizen.
Nothing in law to recover ill gotten wealth. A corrupt person can come out of jail and enjoy that money.	Loss caused to the government due to corruption will be recovered from all accused.
Small punishment for corruption- Punishment for corruption is minimum 6 months and maximum 7 years.	Enhanced punishment - The punishment would be minimum 5 years and maximum of life imprisonment.

 

अन्ना हज़ारे कौन है..??

1.Who is Anna Hazare?
An ex-army man(Unmarried). Fought 1965 Indo-Pak War.

2.What's so special about him?
He built a village Ralegaon Siddhi in Ahamad Nagar district, Maharashtra

3.This village is a self-sustained model village. Energy is produced in the village itself from
solar power, biofuel and wind mills. In 1975, it used to be a poverty clad village. Now it is one
of the richest village in India. It has become a model for self-sustained, eco-friendly &
harmonic village.

4.This guy, Anna Hazare was awarded Padma Bhushan and is a known figure for his social
activities.

5.He is supporting a cause, the amendment of a law to curb corruption in India.

6. How that can be possible?
He is advocating for a Bill, The Lok Pal Bill (The Citizen Ombudsman Bill), that will form an
autonomous authority who will make politicians (ministers), bureaucrats (IAS/IPS) accountable for
their deeds.

7. It's an entirely new thing right..?
In 1972, the bill was proposed by then Law minister Mr. Shanti Bhushan. Since then it has been
neglected by the politicians and some are trying to change the bill to suit their theft
(corruption).
8. Oh.. He is going on a hunger strike for that whole thing of passing a Bill ! How can that be
possible in such a short span of time?
The first thing he is asking for is: the govt should come forward and announce that the bill is
going to be passed.
Next, they make a joint committee to DRAFT the LOK PAL BILL. 50% government participation and 50%
public participation. Bcoz u can't trust the govt entirely for making such a bill which does not
suit them.

9.What will happen when this bill is passed?
A LokPal will be appointed at the centre. He will have an autonomous charge, say like the Election
Commission of India. In each and every state, Lokayukta will be appointed. The job is to bring all
alleged party to trial in case of corruptions within 1 year. Within 2 years, the guilty will be
punished.
Pass this on n show ur support..
Spread it like fire;
Our Nation needs us... Please Contribute...
This is not just a forward, it’s the future of our Nation. 

" दर्द होता रहा छटपटाते रहे, आईने॒से सदा चोट खाते रहे, वो वतन बेचकर मुस्कुराते रहे हम वतन के लिए॒सिर कटाते रहे ”

आप लोग जोक्स फॉरवर्ड करते ही हो.
इसे भी इतना फॉरवर्ड करो की पूरा भारत इसे पढ़े ... और एक आन्दोलन बन जाये

280 लाख करोड़ का सवाल है ...
भारतीय गरीब है लेकिन भारत देश कभी गरीब नहीं रहा"* ये कहना है स्विस बैंक के डाइरेक्टर का. स्विस बैंक के डाइरेक्टर ने यह भी कहा है कि भारत का लगभग 280 लाख करोड़ रुपये उनके स्विस बैंक में जमा है. ये रकम इतनी है कि भारत का आने वाले 30 सालों का बजट बिना टैक्स के बनाया जा सकता है.
या यूँ कहें कि 60 करोड़ रोजगार के अवसर दिए जा सकते है. या यूँ भी कह सकते है कि भारत के किसी भी गाँव से दिल्ली तक 4 लेन रोड बनाया जा सकता है.

ऐसा भी कह सकते है कि 500 से ज्यादा सामाजिक प्रोजेक्ट पूर्ण किये जा सकते है. ये रकम इतनी ज्यादा है कि अगर हर भारतीय को 2000 रुपये हर महीने भी दिए जाये तो 60 साल तक ख़त्म ना हो. यानी भारत को किसी वर्ल्ड बैंक से लोन लेने कि कोई जरुरत नहीं है. जरा सोचिये ... हमारे भ्रष्ट राजनेताओं और नोकरशाहों ने कैसे देश को लूटा है और ये लूट का सिलसिला अभी तक 2011 तक जारी है.
इस सिलसिले को अब रोकना बहुत ज्यादा जरूरी हो गया है. अंग्रेजो ने हमारे भारत पर करीब 200 सालो तक राज करके करीब 1 लाख करोड़ रुपये लूटा.
मगर आजादी के केवल 64 सालों में हमारे 280 लाख करोड़ लूटा है. एक तरफ 200 साल में 1 लाख करोड़ है और दूसरी तरफ केवल 64 सालों में 280 लाख करोड़ है. यानि हर साल लगभग 4.37 लाख करोड़, या हर महीने करीब 36 हजार करोड़ भारतीय मुद्रा स्विस बैंक में इन भ्रष्ट लोगों द्वारा जमा करवाई गई है.

भारत को किसी वर्ल्ड बैंक के लोन की कोई दरकार नहीं है. सोचो की कितना पैसा हमारे भ्रष्ट राजनेताओं और उच्च अधिकारीयों ने ब्लाक करके रखा हुआ है.

हमे भ्रस्ट राजनेताओं और भ्रष्ट अधिकारीयों के खिलाफ जाने का पूर्ण अधिकार है.हाल ही में हुवे घोटालों का आप सभी को पता ही है - CWG घोटाला, २ जी स्पेक्ट्रुम घोटाला , आदर्श होउसिंग घोटाला ... और ना जाने कौन कौन से घोटाले अभी उजागर होने वाले है ......."