Readers Hi, Another Choppy week - During the last week, global markets witnessed extreme volatility on the US bail out $700 Billion package. Continuous selling in index heavyweights by the FIIs further contributed to the gloom. During the week, the NSE Nifty touched a fresh 2008 low of 3,715. Even the soothing words from the Finance Minister, RBI and SEBI could not calm the markets. Finally, the Nifty closed at 3,818, down by 4.2% and the benchmark BSE Sensex closed at 12,558, down by 4.2%.
Crude Oil is now around $93 per barrel. Inflation numbers at 11.99% from the last weeks 12.14% was the only good news last week. US $ to Rs is around 46.70 US is facing crisis and it will be vanish by just $700 Billion bail out package. It would need few months if not years to come out of it. Basically, market is yet to find its bottom. Now it also the time of Quarterly results. Seeing global market conditions there is only downside from here. However if there are some good results, we might see Nifty going up to 4200 - 4300 (but am not sure if it can hold that). ****** *1) IPO – Listing Strategy* - *20 Microns Limited *listing* *on 6th October. For our listing analysis, please visit www.vjondalalstreet.com/ipogmp.php * * *2) IPO – Allotment Status* - 20 Microns Limited - Chemcel Biotech Limited www.vjondalalstreet.com/ipoallot.php *3) IPO* - *Alkali Metals Limited* www.vjondalalstreet.com/ipo.php *4) Mutual Fund* - Birla Sun Life Commodity Equities Fund - Principal Emerging BlueChip Fund www.vjondalalstreet.com/mfopen.php Happy Trading! http://www.vjondalalstreet.com Bus Naam hi kaafi hain… To subscribe [EMAIL PROTECTED]<http://finance.groups.yahoo.com/group/vjondalalstreet/post?postID=30XqsJQ9sGC0yT7AGPHuh6Eb22rTAUhLBDlLNqKAUuHI0v7wlUJmudYWDTNMdz4Esau34ImqGszeRJyhzw02BE0-m2CYFowK7o3rckr-fuh6dQ> You can also join the group with your mobile phone and get updates through sms. To subscribe SMS *JOIN VJonDalalStreet * to 567673434 * * *Disclaimer* All information provided is for informational purposes only, not intended for trading purposes or advice. Prior to execution of any trade, you are advised to consult your financial advisor to verify the accuracy of all information. We are not liable for any informational errors, incompleteness, delays, or for any actions based on information contained herein. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
