Terrorist attack : mangled remains of a
bus, cycles, motorcycles and an
autorickshaw, were seen at the blast sites
which were splattered with blood. Panic
spread as people ran for their lives, almost
leading to a stampede in the areas ripped by
the blast. Is only government responsible?
This is the time when every citizen must
shoulder his/er responsibility to fight back.
when every Indian will wake up and remain
alert like a guard . when every civilian will
become soldier, none can dare to perform
such a coward act. 1st step is very simple :Be
watchful, what’s happening around you, 2nd
step is inform the concern authority (must
have mobile #s of local authorities saved in
our mobiles), the minute we find any
auspicious article or unreasonable
behaviour of someone. For more and more
participation , small groups of societies
should be organised. These groups will be
morally responsible to guard with in 1 km
of radius . bomb blasts are awakening call.
If we will not listen now, tomorrow we may
not get any chance . come on its our
responsibility to save our self with our own
efforts. - R.K.Arora an Indian
Will dow take support @11150/-? U.S. stocks fell, led by financial companies, after the International Monetary Fund said there is no end in sight to the housing slump. Citigroup inc. and Bank of America Corp. led banks to a third straight decline as the IMF warned that worsening credit conditions may prolong the economic slowdown. “We’re relatively bearish on financials because even when we get this crisis sorted out, the rebound is going to be muted,” said Ralph Shive, chief investment officer of 1st Source Corp. Investment Advisors in South Bend, Indiana, which manages $3 billion. “Everyone wants to declare the crisis over, but it’s going to take a long time to dig out of this hole.” Source : Bloomberg 2nd concern is crude : Tensions in the oil-rich countries of Nigeria, Iran cause supply concerns that overshadow slumping demand for oil, retail gas.
Credit policy :- India’s central bank may raise interest rates for the third time in less than two months to combat inflation running at a 13-year high. The Reserve Bank of India will increase the benchmark repurchase rate to 8.75 percent from 8.5 percent, according to 16 of 22 economists in a Bloomberg News survey. The bank, which will release its quarterly monetary policy tomorrow at noon in Mumbai, will also raise the cash reserve ratio to 9 percent from 8.75 percent, 10 of 21 economists said. Governor Y.V.Reddy, whose term at the Reserve Bank ends in September, is intensifying efforts to cool inflation that has accelerated to more than double his goal. Prime Minister Mr. singh, fresh from winning last week’s confidence vote, is looking to Reddy to spearhead the fight against rising prices as he prepares for elections before May. Source : bloomberg
Intra day calls:-
Ranbaxy : Shares of Ranbaxy Laboratories gained over 3 per cent after the pharmaceutical major announced the launch of a generic version of an ulcer pill Prilosec in the United States under an agreement with AstraZeneca.
Crain : Tensions in the oil-rich countries of Nigeria, Iran cause supply concerns that overshadow slumping demand for oil, retail gas.
Crompton gr: Electrical equipment manufacturer Crompton Greaves on Wednesday announced a consolidated net profit of Rs 122.61 crore for the quarter ended June 30, a 36.38 per cent increase over the previous year quarter.
The company had net profit of Rs 89.9 crore in the first quarter of FY’08, said in a filing to the Bombay Stock Exchange. The total income of the company rose to Rs 2,051.87 crore in the latest quarter, from Rs 1,554.88 crore in the same period last year .
DISCLAIMER :- We can’t dictate the market. Its an observation only. May , may not hold good. Much depend on govt. policies ,economic & political scenario. Its more of an informatics’ article only. Presenter /writer is not liable or responsible for any personal or financial losses or profits.
