Inflation a global phenomenon due to rising oil prices: FM Monday Union Finance Minister P Chidamabaram today said that inflation was a global phenomenon, resulting from rising crude oil prices. Speaking to reporters after inaugurating the 500th branch of IDBI bank here, he said India was a major importer of crude oil and 75 per cent of the nation's demand of crude oil was met from imports. Crude oil prices have touched 135 U S dollars a barrel. On measures taken to control rising inflation, he said that the RBI had taken measures to control it. The government had also taken steps to control the spiralling prices of essential commodities through certain fiscal and monetary policies, the result of which would be felt after a while, he said.

Telecom industry calls for new convergence policy The telecom industry on Saturday urged the government to bring out a comprehensive convergence policy to deal with changing technology. At the Global Telecom Summit organised by Assocham, T V Ramachandran, Chairman, ITU Regional Working Group for Private Sector issues said, “New convergence policy is due for long, as the government has rolled out only its policy initiatives on issues relating to convergence in bits and pieces. Likewise, the policy for content access and IPTV are yet to be framed.” C S Rao, Chairman, Assocham Communications Convergence Committee said that in the days to come, everything will move from PCs and TVs to mobile screen and, therefore, content access policy and voice transfer regulation should be in place to ensure all entertainment and information can converge on mobile. The government had earlier proposed a Convergence law to address issues related to overlapping of telecom and broadcasting sectors. Meanwhile, State Minister for Communication and IT Jyotiraditya Madhavrao Scindia said the Government will invest $2 billion to set up 1.12 lakh Community Service Centres in rural India to providebroadband connectivity in 2008-09.

Opportunity lies in every market.... It was not a black Friday though for a while it looked like. Nifty broke 5000 third time in the row which has allowed bears to go rampant. Position unwinding on fear was seen. If the conditions are so bad why are investors not selling stocks which are locked in upper freeze…? Market is pretending that it is reacting to global clues but the fact remains market is consolidating in the rollover movement. Only 4 trading sessions are left for rollover. Monday it is safe to assume a rally of at least 400 points. In fact, one has to take advantage of such corrections for buying in B gr stocks and as and when markets improves you can sell these shares in profit…? Gremach, India Hume Pipe, Trigyn etc all will provide enough opportunity to cash into huge profits. Trigyn was taken over by 600 mn USD telecom giant United Telecom which is closely associated with its US parents. A leading operator is in control of this counter and this HEMAN is known for making his investments multiply at least 10 times. I had been telling you all along about my favorite Panyam Cement. We had first issued buy report at Rs 25 ( Rs 100 paid up at Rs 250). Its dolomite mines have started showing colour now. It will become English India clay in next 12 months. Please cut and paste this because it is most unlikely that you will get to enter this stock now for ever. It will remain only in upper circuits as most of the stocks have been cornered. Price rigging is not applicable to FII’s in India. Vishnu is another classical example. Now you will be finding only queue and queue and BNP will make its price. It is well known co. from Hyderabad and only time will tell you what is what…? You may buy Vishnu report from Cni desk. Similar is the case with NEPC Micon. This co. has been in restructuring for long and things are now settled. Today this stock hit 20% upper circuit with huge volumes on both the exchanges. I think one must grab this share in tons even on Monday at whatever price you can enter. It is multi bagger. One that it is into power, two it is FII fancy and three a leading power co could acquire this co at a very fancy price. This will become a real fancy in coming days. Accurate transformer could be another stock which will be a multi multi bagger. Just see the results and judge yourself. Next to knowing when to seize an opportunity, the most important thing in life is to know when to forego an advantage

Game of modesty... Market down simply because global clues were bad. This is for traders. For view you must see the depth in cash markets. The volumes in cash markets clearly suggest that we are heading for never before rally in coming 3 months. This will take us to Sensex 24 K. Coming back to overall market sentiments, the bears are clueless and continuing their short positions whereas almost across the board analysts have echoed that US market is heading for new high as the worst is over. Again Cni was way ahead of market in predicting this. Now the human psychology will play major role in market recovery and liquidity. If U S market goes into overdrive, the fund managers will start multiplying their wealth and with increase in the size of wealth the major issue of liquidity gets resolved by default. Have you ever seen how money evaporates in a bear market though the key players individually do not own cash..? Similarly when Bull Market starts the credit in the size allows to over leverage as well as affords to have some cash on hand. I have seen this situation n no of time. You can’t ignore one fact that the fund manager is also an individual like you and me. Therefore be prepared for a straight rise in mid cap and small caps. The major sharp recovery in A gr will start only after 5400 which will deal with lot of concerns investors have about their A gr stock. Some concerns like how long Punj will take to see Rs 600 again …? Will IFCI ever see Rs 120 ….? Will IDBI be a darling again…? These things will be dealt with after 5400 and then probably you may be able to see a rise of 40 to 60 % prices in just less than 30 days and this will be trigger based. Like when I read B Dyeing news in one of the print media that it is spinning off its realty biz into a separate co I had the last laugh. How many investors still know the intrinsic value of B Dyeing….? Why only funds are buying the report on this co and HNI shying from it…? The share price has jumped from Rs 590 to Rs 1000 in just 30 days and yet is under priced..? Every individual investor too has a need to educate himself in a company in which he is investing if the size is really material. If you are investing 500 to 1000 shares then you can still rely on somebody else’s judgment. But when it comes to size you need to know what you are doing…? Sometimes it seems investors knowingly do not want to apply their mind. eg Gremach Infratech was brought to your notice on Friday when the stock was at Rs 143 and co had announced board meeting. We repeated even today. The most common sense is that there was a golden opportunity to make money and yet you are not trying to make it. Gremach had gone on record to convert its FCCB into equity at Rs 376 which is possible only if the share price has to cross Rs 376. Secondly the 183 DMA for Gremach is close Rs 250 whereas the cmp is Rs 150 which means the SEBI formulae price has to be Rs 250 or around and at cmp it is offering a decent return of over 67% which is stunning by any stretch of imagination. Do you require extra ordinary skills to make money in stock market…? Proper application of mind can give you this kind of returns. When we spoke to few Institutions they realised and sensed the opportunity. I think there are lots of such classical cases happening in stock market. Again in A gr R power will rise to Rs 600 very fast cum bonus. It is just Rs 16 away from its peak price which I think could hit tomorrow. This will exit to all those who had stuck in IPO and bought post bonus announcement. Usually I have seen ADAG gr stock rising on huge buying after the event is over. I expect R Power to quote again at Rs 400 ex bonus which is equivalent to Rs 600 cum bonus. Then the story unfolding will start and stock price will eventually cross Rs 1000. You cut and paste. Those who have not seen value in this co will issue buy report in R Power at Rs 1000 with target price of Rs 2500. I am sufficiently proud of my knowing something to be modest about my not knowing everything.

Psychology of the WHO..? One more drive on front foot by bears but for me it was not a big deal. Market did not break 5000, which was more than sufficient. In fact most of the stocks were holding on except for the attack on banking stocks. Right now since the focus of market is on mid cap nobody is much bothered about the valuations in A gr for the time being. Instead of blocking margins the same money is giving 100% returns in B gr. Just see the volumes in Duncan Industries and Jeyswal Neco. These are testimony of the operator’s interest. Tea was on fire as the supply is falling in comparison to demand. Same thing is likely to happen with Sugar. Off late oil companies too have started saying they will stop selling petrol and sell only branded products. RIL has started converting oil depots to gas depots. Slowly the stage has come where country is shifting to gas and as per my dream by 2011 we should see MUMBAI a gas city. RIL will then become Rs 10000. As regards market I am not much worried because earlier we were fighting on more than one fronts such as US crisis, domestic crisis, political issues, oil, inflation, GDP, monsoon and so on. Now with most of the issues perpetually being adjusted the only issue we are fighting at present is OIL. OIL is at all time high and that is troubling the speculators overseas as well as in India. The only question all speculators have in mind is that how the country will survive…? Oil is at its peak and it will collapse vertically sooner than later. The long term targets are 200 USD and that will happen in next 3 years but we will have to accept the same and live with it. The current phase is a typical accumulation by the market makers. In every fall also they are buying as if there is no tomorrow. Market is falling but the best part is that there is no complain about the exit in stocks from any body including FII’s. In fact, every day we are getting more and more enquires for bigger blocks. This shows the game is on. I am bullish and my first target is 5400. Let it cross then I will give more targets. Stocks of choice are Rel Capital, RIL, R Power, RNRL, RPL, IFCI, IDBI, Power Grid, NTPC, Nagarjun Fertiliser, Tata Tea, Tisco etc. Best sell could be HDIL as the story for the time being is over. For small investors I would still suggest buy cash stocks. Next 3 months everything will double. Maximum stocks where you had stuck are entering in new highs or coming close to earlier highs and investors are getting exit. This is providing liquidity to investor to enter into fresh stories…. The show must go on…. Nothing is more surprising than the easiness with which the many are governed by the few.

Mid cap firing.. The day M A gr had finalized IPL logo ” Duniya Hila Denge” I was trying to know why….? Today when Mumbai Indian is set to enter the semis I know the answer…? The logo is drafted for the gr and not IPL. IPL is only an instrument to exhibit the gr vision and strength. This gr meant business and the logo is suitable to their business. In real sense it means Duniya Hila Denge and they are doiung this whether it is their business or otherwise. Market was falling with global weakness but CNI had their conviction intact. Bomaby Dyeing is the classical case of research which is now being flashed in media. RIL proved once again that CNI call on RIL cannot go wrong. Please note that if RIL crosses 2700 tomorrow then for sure it will touch Rs 3200 in time because the only block for sell is at 2700. We had been pursuing with IFCI story ever since it fell vertically. We had broken this story time and again. Today media flashed the live interview of IFCI Chairman yet the stock was not ready to fire one when CNI said to its HNI and FII clients about IFCI buzz the said stock fired by almost 6% in no time. Similar was the case with Kirloskar Brothers. MSP Steel, Jeyswal, ITI, HMT, Gremach, Panyam, Vishnu, all were frozen in the upper circuits and these are the calls of none other than Cni. For tomorrow we will be breaking a major trend reversal story in tea sector. Catch Duncan Industries as it is the largest beneficiary of rising tea prices. Realty is free with this stock. We can't produce scrips which can become Rs 55000 on the day of listing but for sure we can produce blockbusters like Sandure, Panyam and likes. We have so many stories which are still under wrap. The latest trend of money multiplying is to enter in unlisted private cos in forward going businesses for couple of years and then earn the huge returns. We have identified at least dozen such companies which are in technology, insurance, retail, education etc and are looking for value investors. Those who are interested in investing above Rs 50 lacs may sned their enquires so that we can arrange for the meetings. Only one thing I can say is that have faith in Cni and you will be better off. Most of the B gr stocks are out of woods from pre crash levels. The wealth accumulation is on. O, how bitter a thing it is to look into happiness through another man's eyes!

Bombay Dyeing likely to spin off realty Textile major Bombay Dyeing is considering demerging its real estate business into a separate company, according to sources familiar with the situation. The hiveoff will be followed by an initial public offering, sources said. Company officials refused to comment, saying Ness Wadia alone can speak on this.

Peninsula Land - Updates Peninsula Land Ltd has informed that the Company and Arrow Webtex Ltd have decided to enter jointly into the Hospitality Business. A SPV will be created which will be held 50-50 by both the JV partners to build Business Hotels. In the 1st phase, an equity infusion of about Rs 100 Cr. is envisaged by both the JV partners in equal proportion; and the JV intends to build 10 Hotels of 100 rooms each, aggregating to 1000 rooms. The Company plans to enter into the state of Maharashtra in cities such as Mumbai, Pune, Nagpur, Nashik, Kolhapur, the state of Gujarat in cities such as Ahmedabad, Surat, Jamnagar, Mundra port and the state of Goa. The Hotels in the 1st phase are expected to be operational in the next 30 months. Phase 2 will see the penetration in the Southern Markets targeting the states of Karnataka, Tamil Nadu, Andhra Pradesh and Kerala. This is subject to necessary approvals including Board approval from both the JV partners.

Reliance eyes more international JVs for retail biz Mukesh Ambani-led Reliance group is looking to rope in more international partners in its retail business, on top of the joint ventures already announced for various store formats. Reliance Industries has recognised "strategic alliances" to be a key driver to its retail business, and accordingly, it established key JVs with international partners in apparel, optical and office products businesses in 2007-08, the company said in its annual report being sent to the shareholders. The company said that Reliance Retail would "continue to seek synergistic opportunities with other international players as well." Besides, Reliance Retail would continue its focus on rapid expansion of the existing and other new formats across India in the current fiscal, the annual report noted. Drawing parallels with the urban and industrial prosperity brought in by sectors like IT and communications, Reliance Industries said that its retail business would bring about prosperity in the rural part of the country. In his letter to shareholders, RIL's Chairman and MD Mukesh Ambani said that Reliance Retail continued its roll out of stores during the last fiscal. "With 590 stores in 57 cities, spanning 13 states, and over 3.5 million square feet of trading space, I am confident that our newest business will scale the same heights as all our other businesses have," he noted. "I believe that with the stated aim of generating one million jobs in retail, this is a truly transformational venture whose success will further our national priorities," Ambani said.

Reliance eyeing global partners Mukesh Ambani-owned Reliance Retail is scouting for international partners for its retail business in addition to the joint ventures already announced for various store formats. The company announced its focus on rapid expansion of the existing and other new formats during the current financial year. Stating that Reliance Industries Ltd. (RIL) recognised the importance of “strategic alliances” as key to drive its retail business, the company said it had established joint ventures with international partners in apparel, optical and office products businesses during 2007-08, according to annual report sent to the shareholders. It said the company would continue to seek synergistic opportunities with other international players. Drawing parallels with the urban and industrial prosperity brought in by sectors such as IT and communications, it said its retail business would bring about prosperity in the rural part of the country.

Videocon to foray into mobile handsets mfg Along with televisions, air-conditioners, refrigerators and other durables, Videocon Industries will also make mobile phone handsets now. The handsets will be manufactured at its new plant in Kashipur, Uttaranchal. Venugopal Dhoot, chairman, Videocon Industries, said, “We will manufacture mobile handsets to support our telecom business at the new plant, which will become operational soon.” Similar to the durables, the handsets will be branded ‘Videocon’. The manufacturing facility has a capacity of about 1 crore handsets per year. It will also produce 2.5 lakh units of air-conditioners and five lakh units of refrigerators, along and possible washing machines and television sets also. The Rs 200-crore greenfield plant has been delayed by almost a year, mainly due to the delay in securing permissions form the government. Even now, Videocon officials say that they are ready to go kick-off operations but the power connection is yet to be cleared. Videocon is planning to have a 360 degrees approach to the telecom business. It will soon be launching the services in 22 circles through its subsidiary Datacom. Initial investments of Rs 6,000 crore have been lined up for the rollout of GSM services. The company is eyeing 2.5 million subscribers in the next three years. A lot of news seems to be flooding in regarding the consumer durables telecom business. While Videocon has made an initial offer to buy Motorola’s handset business and sources say it is expecting something fruitful to come out of that, it is also in talks with international telecom operators for a joint venture. Names such as AT&T, Deutsche Telecom and others have been floating around. “We are in talks with a couple of international players but nothing has been finalised so it is too soon to announce any names,” said Dhoot.

BoJ Keeps Key Rate at 0.5% The Bank of Japan kept interest rates on hold at its first meeting after slashing its growth estimate and shelving a two-year policy of seeking higher borrowing costs. Governor Masaaki Shirakawa and his six colleagues left the overnight lending rate at 0.5 percent in a unanimous decision, the central bank said in a statement released in Tokyo today. The rate is the lowest among major economies.

Achievement.... Mid cap conquered and all I Develop stocks were firing 4 cylinders with huge volumes. The rally in mid cap is convincing and volumes have started the way it should be. This rally will continue. You have to pick stocks with midas touch which can give tons of returns. The law of averages works. In order to reap rich dividend you need to have brand loyalty with all the scrips whether you succeed on the given day or not is different issue altogether. Those who have a brand royalty like this have enjoyed huge gains whether it is intra day or in delivery. We generated a buy call in Hyderabad Industries today and stock was up by 20% with huge volumes. This is going to happen with IITL tomorrow catch this stock as it is crossing its last hurdle tomorrow. It has 2 triggers for re rating with target price of Rs 500 plus. One that it has acquired a blue chip co the details are available on BSE and two its promoter is NIMBUS and few leading operators have huge interest in this stock. I can bet my last pant on this stock and I certainly believe that it will cross Rs 105 tomorrow and then only sky is the limit. I had written about SAIL couple of days back and SAIL is up by 10% in just 2 trades. Few circumspect viewers are still trying to understand my nexus with steel. I understand steel because my nerves are made of steel. Hathi Chaale bich bazaar aur kutte bhonke hazaar goes well with SAIL too. SAIL is SAIL and sail will touch Rs 1000 in next 3 years. Cut and paste and reproduce the same after 3 years. There is a generation gap between your understanding a stock and mine one especially is steel. Tisco will touch Rs 1500 in just 6 months. Now from SAIL and Tisco price you decide what could be the index. Rising inflation, falling rupee, falling GDP, oil out of control, no political stability, no announcement of monsoon, no fii buying, lack of liquidity what not….? All negative factors ideally well suited for bears which made bears go on huge shorting. Yes, they are short. At the same time there are round the table blocks are rotating in A gr shares such as RIL and IDBI. For sure these will be absorbed in no time. The way the buying is witnessing in mid cap and small cap stocks I am sure the third Bull Run has started in India. Now these factors will be changing slowly in coming days. Inflation will come down, oil will fall, FII buying will start above 18200, and enough liquidity will be seen IPO will resurface. The life will become normal and old story will start again. BULL RUN is back… Market is heading for 24000 first then to 30000. I Develop had never changed its strategy nor became bearish. It was only the way it pretended. If the grs like RIL and TATAs become negative on India I will become negative not otherwise. We are not living with our desire but really concerned about our achievements. We live in our desires rather than in our achievements.

The market lower on weak Asian markets

The market may edge lower on weak Asian markets. The market had shown some resistance last week despite higher inflation data and spiraling crude prices. Market had remained closed on Monday, 19 May 2008, on account of Buddha Purnima. The wholesale price index rose 7.83% in 12 months to 3 May 2008, higher than previous week's annual rise of 7.61%, government data released on 16 May 2008, showed. It was the highest since an annual reading of 7.93% n 6 November 2004. The annual inflation rate was 5.74% during the corresponding week of the previous year. Asian markets were trading lower today, 20 May 2008. Indices in China, Hongkong, Japan, Singapore and Taiwan were down by between 0.8% to 1.91%. While South Korea's Strait Times rose 0.24% to 3,215.25. US markets ended the day on Monday 19 May 2008 nearly unchanged following a late-day sell-off. Weakness in techs, retail and housing prompted traders to lock in some profits. The Dow gained 41.36 points, or 0.32%, to 13,028.16. The S&P 500 rose 1.28 points, or 0.09%, to 1,426.63, and Nasdaq composite index was down 12.76 points, or 0.50%, to 2,516.09. Back home on Friday 16 May 2008, The 30-share BSE Sensex rose 81.40 points or 0.47% at 17,434.94. The broader based S&P CNX Nifty advanced 42.45 points or 0.83% at 5,157.70. The BSE Sensex had risen 697.87 points or 4.17% to 17,434.94 in the week ended Friday, 16 May 2008. The S&P CNX Nifty rose 175.10 points or 3.51% to 5157.70 in the week. As per provisional data, foreign funds purchased shares worth a net Rs 475.87 crore on 16 May 2008. Domestic funds bought shares worth a net Rs 392.1 crore on that day. Crude-oil futures had marked their first close above $127 a barrel Monday 19 May 2008, with the market extending last week's strength on growing concerns about energy supply and demand from China. Meanwhile , polling began from 16 May 2008, in 66 Assembly constituencies in ten districts of Karnataka in the second phase of election. Third and final phase of election will be held on 22 May 2008 in 69 constituencies spread across eight districts. Counting of votes for all the 224 segments will be held on 25 May 2008.

RIL taps three foreign cos to hunt for oil Reliance Industries (RIL) is learnt to be talking to three mid-sized oil companies — Australia’s Santos, Devon Energy and AARCO of the US — to bid for oil and gas blocks in the seventh round of the New Exploration Licencing Policy (NELP). The government has offered 19 deepwater blocks in this round. RIL’s aim is to partner a foreign company with the required technological expertise. Global oil giants like ExxonMobil, Chevron and Conoco Phillips are unlikely to bid in this round. Although the final word is not out yet (bids are set to open only by June end), analysts say no oil major is interested in investing in India’s oil and gas sector at this point, thanks to the policy uncertainties over tax sops and marketing freedom. All the three foreign oilcos have done considerable deepwater work, particularly in the Gulf of Mexico. Devon Energy, a Fortune 500 company with a market cap of $46 billion, has operations in the US and Canada. The company is among North America’s largest producers of natural gas liquids. It is engaged in E&P activities in the Gulf of Mexico, Canada’s Arctic region, China, Brazil and Azerbaijan. In the Gulf of Mexico, Devon holds 2.2 million net acres in the deepwater. The deep Gulf, where depths can be over 10,000 feet, is a promising frontier where Devon has made exciting oil discoveries.

RCom gets Rs 3,000 cr loan from Chinese bank Reliance Communications (RCom) has received a $750 million (Rs 3,000 crore) loan from China Development Bank that would be invested in building a nationwide GSM footprint for the telephony major. The Anil Ambani group company has received the loan for a ten-year period and at a rate of Libor (London Inter-Bank Offered Rate) plus 80 basis points. RCom had received the Reserve Bank of India (RBI) approvals for the loan, sources close to the development said. The loan gives significant advantage to the company's GSM foray as it carries a tenure 3 to 4 years longer and around 50 basis points lower than any other options, they said. When contacted, an RCom spokesperson confirmed the development. The company will use a large part of the loan to purchase GSM electronic equipment from Taiwanese electronic major Huawei. RCom plans to launch nationwide GSM services by the end of this financial year and has announced a capital expenditure of $1 billion for active GSM infrastructure. RCom will lease passive infrastructure from Reliance Infratel, a company in which it holds 95 per cent equity. RCom is aiming at building its GSM infrastructure at 40-50 per cent cost to any greenfield GSM network on a nationwide basis. The company had earlier floated an order for 80-100 million lines for GSM mobile services. It has also received spectrum from the government to launch GSM services in 14 service areas under a controversial new crossover technology policy. This will be the country's largest order for telecom equipment and one of the world's biggest. Worldwide, the installed production capacity of GSM electronics is 250-300 million lines annually, suggesting that the order could account for more than 10 per cent of the global production over the next three years. The order, which will be spread over three years, is expected to be finalised in the next few weeks. The company has begun discussions with leading equipment manufacturers such as Huawei, Alcatel Lucent, ZTE, Ericsson, Motorola and Nokia, among others.

Bulls in command... I am extremely sorry for the late comments on my parts as I was busy the whole day with some foreign delegates today. As reported by me Bears tried hard yesterday to bring the market down and were successful in doing so but bulls trapped them today. Bears went on the attack right from the word go and were able to make the market volatile and choppy but in the second half the bulls gathered momentum and were successful in bringing the bears to their feets. Especially Tisco is on dream run and rushing towards my target of 1500 plus. Well, by the time I am writing this, Dow is already up by 90 points which is signaling another robust market tomorrow. Since market crossed 200 DMA again in style, the market will now head towards 5450 in this vallan itself. Our F & O desk has created a special bullish signal which has indicated this. This is also noticed from volumes in calls and options. ITI and Jeyswal are my favorite stocks for now. I am ready to bet of Jeyswal the way I was bullish on Sandur. The fact remains Sandur hit upper circuit today to enter into all time high and could now easily scale to Rs 3000 on Rs 600 crs net. From next quarters Jeyswal will start disclosing its earnings and then the stock price will zoom past Rs 85 beyond which only sky is the limit. If you want to try one share in A gr with six month horizon just try SAIL. I am sure this stock will give you 100% return. Ever since Rs 240 this stock had been accumulated by one man army in the same way he was accumulating Tisco at 430. Therefore when I was recommending buy call in Tisco at 430 you all were laughing and now watch SAIL. I had made it possible in Bombay Dyeing, ITC etc. Now it is SAIL, IFCI and IDBI. I have a point to prove and I will prove it before Nov 2008. Those who can trust shall continue to hold these stocks. For those who still can’t believe have a opportunity to exit at any price which is still way higher than the compulsory exit price of 22nd JAN 2008. For quick gain you catch SIKA Interplast. It has good defence story plus huge realty in Banglore. I do not want to quantify the value of realty as there was controversy in the past. You may do your own homework and enter it. Fortune does not change men; it unmasks them.

Never change the Challange Market collapsed at the end of the day because bears wanted to become heavy and close the market below the 200 dma. They succeeded and therefore congratulations. For doing this they had to take support of spreading dirty market rumour that LEFT is withdrawing support. The gravity of circulation of rumour was so strong that LEFT had to clarify this on wire channel. For me it is only academic. Bush has to go in next few months and the senate can’t consider the same before Bush is there. This means Nuke deal will have a life beyond both the Govts and therefore it could be a non event for the market. Yet Nuke deal will provide reason to create volatility. Of course, for the ruling party N deal will provide an opportunity to shift the burden to the left for support withdrawal. Chances are very bright that LEFT may not support N deal as they are doing since last 2 years at the same time they will not withdraw support leaving a big question mark to everybody. The election need to be won on merits and not on gimmicks. So far, at state levels it seems the ruling party has lost its mandate in favour of opposition. LEFT has no capacity to come on its own. BJP do not have good leadership qualities like ATALJI and hence clean sweep is impossible. The only possible scenario which could immerge is HUNG parliament once again with change of equations. If LEFT gets the same vote banks then the current scenario may repeat. If LEFT fails on this front then the ruling party may search for another coalition such as S P. This could be by default. Considering all this, market could be much neutral to political scenario in India and only knee jerk reactions could take place when the events happen. This is not because uncertainty is created or could be created but simply because volatility is the real instrument of operators for their bread and butter. In fact, this the reason market recovered from 4700 to 5280 and then again corrected and now improving. Where you get scared with volatility market drivers love that. You sell they buy and when you buy they sell….a cool jobbing spread of 15 to 20% which is more than entire years returns of FII and MF. Did anybody believe that Sandur will report this kind of nos…? I had predicted Rs 235 crs net for 09. Management has now gone on record saying that the top line will be Rs 1200 crs and net will be Rs 600 crs. With Rs 600 crs net Sandur has to touch Rs 5000 in coming 2 years. Nobody can take away I DEVELOP credit from the Sandur find. It was exclusive I DEVELOP Research. So also Minda. How many have Minda now…..? Minda is now entering the elite club where ownership is very difficult. With acquisitions of Rs 3000 crs Minda could touch Rs 4000 crs top line in coming 2 to 3 years which will give sheer size to market players. Accurate Transformer and Panyam too belong to these categories. You will realise this only when Panyam become Rs 1000. Hospital is the hottest sector right now. Every gr is entering hospital. I think in next 5 years India will have so many hospitals that they will have to start searching for patients in rural India like telecom has gone into places. Being capital intensive industry, there will be entry barriers. Only very strong grs like, Sterlite, RIL, Mallaya etc will be able to enter this sector. Even a small 200 bed hospital could cost nothing less than 250 crs. India has surplus medical talent and with hospital boon and FDI in place you can dream mass services in hospitals too. Can you dream to see getting bye pass surgery at Rs 50000…? In Pune already few Docs are doing at Rs 60 to 75 K and better than its counterparts in Mumbai. Just imagine open heart surgery at 2000 USD which could be even less than cost of life insurance. With insurance spreading its wing most dynamically I think one must bet on hospitals. PTL is my best bet in this segment because its hospital is for 500 bed which is countable and it’s backed by very strong promoters like Mr Rounak Singh of Apollo Tyre. We will be seeing lot of M & A in this segment. Change is the nature of life. Challenge is the aim of the life. Challenge the changes but never change the challenge.

IIP-Industrial Production growth sinks Industrial production growth has sinked to 3 per cent in March 2008 from 14.8 per cent a year ago. Index of Industrial Production has grown at 8.1 per cent in April-March 2007-08, down from 11.6 per cent in year-ago period.

Touch of genius... There were more than 50 SMS and few emails were circulated on Friday that it could be black Monday. Market began to behave in that manner and on short covering recovered smartly mid session. Once again the IIP nos made a trick and market collapsed in fraction of seconds. But the inevitable was to happen. After sharp falls also market recovered and closed at 140 points plus. This was simply because the short selling was so huge after market broke 200 DMA on Friday traders and punters started taking help of astrology to predict vertical crash. Even the best funds started advocating sell on rise and market will test new lows of JAN. I too have seen some mails including comments from some chartist. All bullshit. These guys were sleeping when market collapsed 2200 points in 2 days of JAN 21 and 22. I hope if they had made killing money in that crash every such technical expert could have been owning a house in London instead talking a virar train at 6.50 on the overcrowded on board. Market today came back and closed at 5027 which is again 200 DMA. Yes it is true that major changes are happening in the positions of planets but to construe that that will help market collapse vertically is impossible. No astrologer has a proven track record of predicting such events on 2 consecutive occasions. Please keep all these non sense things aside and concentrate on screen reading. It was very well known that market will tire at 5270 or 5280 levels even when it was 4700 levels because of FIBBONICCI levels. Now by the rule book, market can’t break 4830 come what it may….! Market therefore tested 4925 level with huge bear onslaught from 5280 levels and the bulls work is done. Now from hereon market will cross 5280 very easily and then race towards 6000. RIL towards 3000/3200. Why is this…? Most of the punters and traders are not well versed with economy at large. Just the announcement of IIP nos 3% and street tried to rape Sensex …? Was this IIP no for May 08..? No way. Then why react..? At the same time nobody is able to see that Govt has silently devalued rupee over 6% in just 2 weeks from Rs 39.5 to 42. This is in order to tackle the decelerating GDP growth. 6% crash in rupee means exports will rise by 18% which in turn will push the GDP very smartly by at least 1%. Inflation is being tackled separately and GDP and exports are dealt with. With rupee at 42 F M has given open invitation to all foreign funds to bring in smart money in India. Well, at least 6% is assured return because within 6 months Govt will try and restore rupee back to 39 levels once inflation is addressed. Under this circumstance selling short is suicidal and for sure the inflow will rise very fast. Alternatively have a look at mid cap stocks where volumes are happening. If market had to go back to 4300 levels mid cap volumes will not happen because in real sense we call that market knows it all. Hugely short market will give you a good opportunity to make killing in this market. My call is remain invested in mid caps. Some times it is possible that even after we identify stock the vested scrupulous operators do not want the price to go up and therefore they keep on suppressing share prices. But all our recommendations have gone through the roof. Minda Ind has moved from Rs 130 to 330 non stop and yet we believe that the stock is grossly under priced. I had said in 2007 that 2008 will belong to auto ancillary. Our sources says Minda has bagged huge order of over Rs 300 crs volsvagon and looking for 3 major acquisitions in UK and US worth Rs 3000 crs. This co will become a fortune co in very short time and I can bet on Rs 1000 target on this co. Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius, and a lot of courage to move in the opposite direction.

Arvind Mills - Change of name of the Company Arvind Mills Ltd has informed that the name of the Company has been changed from "The Arvind Mills Ltd" to "Arvind Ltd" and a fresh Certificate of Incorporation has been issued by The Registrar of Companies, Gujarat, Ahmedabad. The Board of Directors of the Company at its meeting held on May 10, 2008 has taken note of the change of name. Arvind Mills eyes Rs 4000 cr revenue by FY10: CMD Arvind Mills Ltd is targetting a revenue of Rs 4000 crore in 2009/10 and plans to raise about Rs 700 crore over three years towards debt repayment, a top official said on Monday. The money will be raised through a combination of cash flows from fabric operation, capital infusion from the founders and sale of non-strategic assets, Chairman and Managing Director Sanjay Lalbhai told reporters.

DLF`s Rs 8,000 cr Singapore IPO likely by June 2008 Billionaire businessman K P Singh-promoted DLF Assets is likely to launch an initial public offer of its office trust in Singapore by June to raise over $2 billion (over Rs 8,000 crore). DLF Assets, which has been set up to acquire completed commercial projects of India's most-valued realty company DLF, is planning to file the updated prospectus soon for its proposed IPO to the Singapore authority, the market sources said. The earlier prospectus had financial information only till September 2007. DLF Assets had planned to float the IPO in January, but decided to delay its public offer in Singapore because of volatility in the stock markets across the world.

Asian Currencies Decline on Record Oil, Fed Outlook Asian currencies fell this week, led by South Korea's won, on speculation record oil prices will damp the region's economic growth and the Federal Reserve may have finished cutting interest rates. All 10 of Asia's most-active currencies outside Japan weakened against the dollar in the past five days as investors shunned emerging-market assets and crude oil climbed to an all- time high. The MSCI Asia Pacific Index of regional shares fell the most in almost two months while HSBC Holdings Plc's Asian Bond Index declined 1.5 percent, extending losses to a fourth week. The won had the biggest weekly loss in two months and India's rupee fell to the lowest since August.

Blackstone, Reliance buy into Everonn Three private equity investors — Blackstone, New Vernon and Reliance (part of ADAG) have picked up equity shares and warrants in the Chennai-based Everonn Systems Ltd, a company specializing in e-learning and virtual classrooms. P Kishore, managing director, Everonn told TOI that the company has raised Rs 167.89 crore from the PE investors besides a equity warrant issue to the promoters. Deutsche Securities (represented by Reliance), The India Fund Inc of Blackstone and New Vernon will invest Rs 91.39 crore immediately. The promoters would pump in Rs 50 crore towards the warrant issue. In all the dilution would be around 9% of the company's equity. “We need funds to invest in three areas. (a) ICT Business — introduce computer education in government schools, (b) setting up virtual classrooms which will increase to 700 colleges across the country from the present 250 and (c) set-up i-Schools which will have content from virtual classrooms plus content on intranet,' he said.

Indian industry looks to investing in bio-fuel in South America South America's expertise in bio-fuel could come to the aid of India in meeting its growing energy requirements, with the Indian industry working out investment avenues in the area in the continent. Indian companies, whose delegates accompanied President Pratibha Patil to South America last month, are looking at setting up and acquiring integrated bio-fuel plants in Brazil and Mexico. Industry members had serious discussions with their counterparts and would return to tie-up joint ventures and investments in bio-fuels. Ruchi Soya is one of the companies that has decided to go back to Mexico. "Being part of the business delegation of the President was overwhelming. Ruchi Soya Industries is looking at investing in integrated bio-fuel plants and also in functional food plants in the field of health and wellness," its Managing Director Dinesh Shahra said. In oil-rich Brazil, the Indian companies also looked at opportunities in the oil and gas sector. While ONGC Videsh has set up offices in Rio and bought stakes in an oil field, many other oil majors, including ESSAR, which was represented on the trip, is looking at opportunities in the South American country.

I Develop winning Call on 5th May Market in Heavely Panic due to some news factor ie inflation, us market slowdown and asian market also plunged. NOW See today other Research house recommended short call on nifty or exit / sideaway from market Our clients made good enough profit out of this call. We say on that day ( 5th May 2008 ) Sensex touch below 17000 and nifty below 5000 now its already done with a 5 days GREAT TEAM WORK – By I Develop

21 Indian firms among world's top 100 BPOs Twenty-one Indian companies, including Infosys Technologies, Tata Consultancy Services (TCS) and Wipro, are among the top 100 BPO firms in the world, according to a new study. Five of the Indian firms figuring among the 10 best outsourcing service providers are: Infosys (No.3), TCS (6), Wipro (7), Genpact (9) and Tech Mahindra (10), according to the study - '2008 Global Outsourcing 100' - compiled by the International Association of Outsourcing Professionals (IAOP). Accenture and IBM head the list published as an advertising feature by IAOP in the current Fortune 500 issue of Fortune magazine. The other 16 Indian companies in the list are HCL Technology (11), Mastek (16), WNS Global Services (19), Hexaware (22), ExlService (26), 24/7 Customer (28), Cambridge (36), ITC Infotech (40), KPIT Cummins (42), Patni (46), Zensar (53), MindTree (54), Mphasis (56), Aditya Birla Minacs (62), FirstSource Solutions (73) and Cross-Tab (78). The key strength of Wipro and TCS is their 'employee management' while the strong point of Infosys and Genpact is their "executive leadership", according to the New York-based IAOP.

Inflation data a 'big relief': Chidambaram Finance Minister Palaniappan Chidambaram said on Friday a marginal increase in the annual wholesale price inflation rate in late April had come as a major relief, and was not statistically significant. Government data showed on Friday the wholesale price index for the 12 months to April 26 rose to its highest level since Nov. 13, 2004. But the figure had only edged up from the previous week's rise of 7.57 percent. "Inflation going from 7.57 to 7.61 percent is not statistically significant. It has come as a big relief," he told reporters. Chidambaram added the government would take more administrative steps if necessary to tame prices. Inflation likely to come down: Commerce sec Commerce Secretary Gopal K Pillai told a leading news channel that inflation is likely to come down to levels close to 5 per cent by the June.Procurement is likely to exceed targets. We are also making arrangements to bring in more cement from Pakistan. Instead of one goods train a day, five trains will come from Pakistan," Pillai said.

Past is past... Market was expecting inflation of as high as 8% which did not happen. Inflation was at 7.61%. Majority of the bears are short in the market as market has corrected from 5280 levels. Global markets and oil also allowed them to continue with their view. This was inevitable on the back of split on the view of experts. Market which is hugely short may just spring back with vengeance on one good news such as oil breaking down. Now any moment oil may break down to head towards 90 to 95 USD. Commodity players must go short in OIL now. The reason is very simple so far as analysts were not sure where oil was heading. As usual when it had come to 80 levels they had given target of 40 USD and now when they have raised the target to 200 oil is set to collapse. This is simply because traders follow their opinions and cut short positions and go long. Suddenly it becomes overbought from oversold. Same had happened in Gold where I had advised going short at 1030 with target of 810. Now I believe that it may collapse even to 710 in coming months. Gwalior Chemicals were we had initiated buy call at 56 nobody believed the call and today it is Rs 89 with very huge volumes. A leading US co will either acquire the co or majority stake and open offer will come. Rest you can do with your intelligence. Our IT wing is unmatched. Now ITI is going into overdrive as very soon its ideal land development news will come out. It is common sense when FII and operators have bought this share till 75 in huge qty why will they sell at 40. If you can play with proper value analysis you can make 100% profit. Buy at 40 sell 50% at 60 which is still 25% lower than their cost and hence exit assured and balance forget. Come what it may you can’t forget that ITI has huge value at Rs 40 and at this price it could be even begger’s choice. Similarly nobody on the earth can stop RDB, Vishnu, Accurate, ITI, Jeyswal and HMT from becoming multibaggers. Smart investors should trade in these stocks on delivery basis where 5 to 10% return every week is not ruled out. In futures you can only cry. Operators are having a very bad habbit of suppressing the prices for that they sell shares. But you try to squeeze them with buying out their qty they would not really love that and would come out from cages to start buying. This has happened in Glawior and RDB. No man on the earth is rich enough to buy his past whether it is SIR Henry Ford or Late Great Napoleon.