Sensex Hits 22,000 Mark

Monday has been a historical day at the Indian stock market, with Sensex and Nifty hitting their Highest Levels in their history.
Sensex hit the Psychological 22,000-mark for the first time and moved up for a brief period to touch 22,005.54.

The same happened at the National Stock Exchange index. The 50-share Nifty also saw a lifetime high of 6,548.75 points in its first trading session on Monday.

Stocks of rate sensitive sectors such as capital goods, realty and banking were trading well.

But this High was for a Short Time only.

Later, throughout the day, Sensex and Nifty were trading on narrow ranges. Stocks of metal, IT, healthcare and auto sectors led the fall.

Brokers said apart from the emergence of profit booking by funds and retail investors at record levels, a subdued trend in the other Asian bourses impacted the sentiment here.

"Asian stocks edged lower as weaker-than-estimated Chinese trade and inflation data stoked concerns over the outlook for the world's second-largest economy," said a market analyst.

So what were the reasons?
"This can be described in one sentence - a 100 per cent Narendra Modi rally," said Mehraboon Irani, principal and head of private client group business Nirmal Bang Securities.

Sunil Shah, senior stock analyst at Khambatta Securities, said: "FIIs are putting a lot of money - almost $1 billion in the last trading sessions. Liquidity has driven the market. But they are putting money over the assumption that the BJP's PM candidate Narendra Modi will come to power. His image is investor-friendly. He will give impetus to the economy. As a result, the GDP will grow and so will Corporate earnings."

But the fact remains that fundamentals within the Indian stock market are still what they used to be two months ago - "not very encouraging".

"Valuation-wise, the market is expensive. Except CAD (current account deficit) which has improved, I don't see any much improvement in underlying fundamental as of now," Said Shah.

Even Shah warned investors to think twice before putting money in the market at the present level.

"Till the elections, the tenders market will remain choppy and volatile.
So investors need to be cautious."

However, FIIs, who turned net sellers in the Indian markets earlier this year on concerns of tapering in the US and slowdown in China, are back with a bang.

FIIs have bought index futures worth Rs.3,889 crore ($636.55 million) in March, already heading towards their biggest monthly purchases since October when the total monthly amount reached Rs.4,566 crore.

Read more at

Read More

Arvind Kejriwal reaches Varanasi to launch epic Political Battle

AAP leader Arvind Kejriwal arrived in Varanasi to kickstart what would be the most-watched political contest in the coming Lok Sabha elections.

Kejriwal is scheduled to visit the Kashi Vishwanath temple, perhaps the city's best known temple. He will interact with morning walkers at some parks, besides calling on retired academics and current professors at the Banaras Hindu University. 

The AAP leader, who shocked Congress by unseating it from power in Delhi after 17 years, has said he is willing to contest against Modi, but would file papers only after seeking opinion -- today's visit is meant for the exercise -- from the people of Varanasi.

But most AAP workers believe the visit is a formality and Kejriwal has already decided on challenging BJP's PM nominee and candidate for the seat Narendra Modi.

In Contesting Against Modi, Kejriwal has signalled that he is willing to take his pugnacious Battle with Modi a step further.

During his Gujarat tour in which he claimed to have exposed Modi's development model and in calling out the mainstream media as being pro-Modi, Kejriwal has posed a direct challenge to the PM-aspirant.

The BJP may dismiss it as a no-contest but Kejriwal has demonstrated willingness to take Modi head on, something that the Congress has been diffident about.

Polling for the Varanasi seat will be held on May 12, four days before votes are counted, in the final round of the nine-phase elections that kick off on April 7.

Kejriwal hasn't been known to shy away from taking political risks and his poll battle with Modi will invariably become a big story till the Lok Sabha polls end.

The Kejriwal-Modi face-off will admittedly be big on political messaging, but the battle for Varanasi would be fought outside the constituency — at rallies that both leaders address across the country over the next two months.

The Party was keen to pit Kejriwal against Modi in a repeat of Delhi but outside Gujarat, a party leader said.

"We wanted him to take on Modi only if he contested from outside Gujarat so that the Gujarat CM would not have the language advantage," the leader said.

Our Other Services About Business like Government Tenders, Private Tenders etc..

Read More

What Makes Deepika Padukone Jealous of Kangana Ranaut?

Mumbai: Actress Deepika Padukone, who was on a roll with one hit performance after another in 2013, is jealous of another actress! She is in awe of Kangana Ranaut's work in the recently released 'Queen'.

"I have seen 'Queen' and I am jealous of her performance, I think she was outstanding," the 28-year-old said here Saturday at the HT Mumbai Most Stylish Awards.

Deepika also praised 'Queen' Director Vikas Bahl for portraying a woman's emotions so beautifully. 

"What a beautiful film. I think if you are a woman and have been in a relationship, just the way he has captured the emotion of the girl and the way he has portrayed it, it's one of the best films I have seen in the longest time and it's outstanding," Deepika said.

'Queen' hit theatres March 7 and is getting rave reviews from both critics and audiences. It also stars Rajkummar Rao and tells the story of a girl who goes for her honeymoon alone and Captures her journey of self-discovery.

Copied From - click Here

Other More Services About Industries, Tender

Read More