This report is for information purposes only.Not a recommendation to buy or sell.
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What was that again?
“Its a wake-up call, a shock.But it could be predicted considering that there is no positive news or action from the government.It reminds me of the crisis India faced in 1990-91.It (government) needs to change its thinking that India will grow at 6-7%, whatever happens. That is no longer true. Retrograde amendments, delay in policy making, telecom spectrum pricing—there is virtually something of concern across every sector causing negative perception. It’s time for reform.”–said Harish Mariwala, Chairman of Marico Ltd reacting to the poor GDP numbers
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Linkfest:June 1, 2012
Some stuff I am reading today morning:
New Telecom Policy to make roaming free (BusinessLine)
India now a ‘gasping’ elephant (FinancialExpress)
Hard Landing for Indian economy (Mint)
Always sell in May (TRB)
Were it not for dumb money (DailyReckoning)
Italian recession is getting nasty (SoberLook)
Must Read:The IPL Final as Ravi Shastri saw it (Yahoo)
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May 2012 F&O Series Analysis
A brief analysis of the May 2012 F&O Series (26 April 2012-31 May 2012)
Nifty Stocks:
# of Advances:14
# of Declines:36
Top 3 Gainers:AsianPaint(15.4%),BPCL (5.5%), IDFC (4.7%)
Top 3 Losers: TATAMotors(-25.4%),Maruti (-20.4%),HeroMotors(-15.7%)
F&O Stocks:
# of Advances:39
# of Declines:176
Top 3 Gainers:AsianPaint(15.4%),MindTree(13%),DivisLab(12.7%)
Top 3 Losers:NCC(-38.74%),IVRCLInfra(-36.2%),Orchidchem(-33.74%)
