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Headline News
From
Emerging India
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Hand-picked News For Busy NRIs & PIOs
Issue No. 172 Evening Edition IST
Corporate World . Politics . Investment Opportunities in India
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Headline News in this issue:
- Sensex at 7-month high; surges 731 pts
- Tata Motors rakes in Rs 2,500 cr from Nano bookings
- Rate cut: NRIs invest more in residential projects
- IcySpicy: The almighty calls!…BARBARA MORI ‘TWEEN THE COVERS
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SENSEX : 12,134.8 DOWN 42.8 % from 52-wk high
FOREX-Rs: USD 49.67 / EUR 66.08 / GBP 74.17
Please Note: Aug-Oct 2009 is expected to be a great period For Making Investments In India. Do Plan your investments in advance.
Do read Investment Advice for long-term investors, in this issue.
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Sensex at 7-month high; surges 731 pts
The Bombay Stock Exchange benchmark Sensex on Monday surged to touch a seven-month high, recording the biggest one-day gain of the year, as strong risk appetite on a brighter outlook for the global economy lifted markets across the globe.
The Sensex spurted by 731.50 points, the largest single-day gain this year, to 12,134.75, a level never seen after October 3 last year. Monday's 6.41 per cent surge took the Sensex over 50 per cent above the 2009 low in early March.
The current rally was mostly attributed to a sharp upsurge in stocks of metal, information technologies and banking.
Trading sentiment got a boost after stocks in Europe and Asia rose, US futures advanced and the yen weakened as a report showing China’s manufacturing expanded for the first time in nine months is seen among the signs that the global recession is easing.
http://www.indianexpress.com/news/sensex-at-7month-high-surges-731-pts/454283/
Tata Motors rakes in Rs 2,500 cr from Nano bookings
Tata Motors on Monday said it has received over 2.03 lakh bookings for its Rs 1 lakh car Nano, garnering nearly Rs 2,500 crore.
The bookings were double of allotted number of cars for delivery. Fully paid bookings were nearly Rs 2,500 crore, the company said.
Out of the three variants of Nano, the base model Nano Standard accounted for 20%, mid-range Nano Cx 30% and the top end Nano Lx getting 50% of the booking. The bookings for Nano started on April 9 and closed on April 29.
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Rate cut: NRIs invest more in residential projects
Last year, after RBI spelt out clear norms for NRIs to invest in property, and with NRIs holding Indian passport no longer requiring prior permission before investing, there was a spurt in NRI investment in Indian realty.
However, with the market downturn, the scenario changed completely. Even though there has been increasing remittance
, to the tune of $30 billion now, and it topped list of countries in the world in 2007 (according to World Bank study) where expatriates remitted money to their home country, real estate has received a small pie of the total investment.
http://economictimes.indiatimes.com/articleshow/4474864.cms
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IcySpicy
The almighty calls!
The petite hottie of B-town Amrita Rao is on a break these days. But though the actress is not on a shooting spree, she certainly is keeping herself busy.
And the one thing that was on her mind and which she finally did was a trip to Shirdi. A firm believer in Sai Baba, the actress was very keen to visit Shirdi.
“But they say na, that you can’t visit till you don’t get a call from there, so it was a long wait before I could finally visit there,” revealed the actress, who finally visited the place recently.
And Amrita who was keen to keep the visit as private as possible took off with only a few family members and friends in tow. But no sooner had she reached there that word got around. And what ensued was definitely not on Amrita’s agenda.
“Amrita was surprised to see a few media personnel waiting. She gave them a couple of bytes and left. But eager to get more, some even tailed her to her hotel and that’s when we stepped in and requested them to give her some privacy,” said a friend of the actress.
Well, Amrita whoever said stardom comes with a price, wasn’t off the mark right?
http://epaper.timesofindia.com/Daily/skins/TOINEW/navigator.asp?Daily=TOIM&showST=true&login=default
BARBARA MORI ‘TWEEN THE COVERS
Barbara Mori — yes, the same, is back.
And, thanks to the news that she almost was responsible for a break-up in Hrithik Roshan’s marriage, you will be seeing a lot more of the hot Mexican actress now.
The Kites star, who apparently has done some steamy scenes with Hrithik in the film and went on to become rather close to the actor after that, finds that she has suddenly become hot property in Bollywood.
Barbara, who returned to Mexico when rumours of her alleged relationship with Hrithik broke in Mumbai, is back and on the sets of Kites again.
The story goes that she was urged to return before the HiNi swine flu scare made it difficult for foreigners to enter India. Be that as it may... between then and now, the sexy Latino star finds herself in great demand.
Filmi magazines, fashion and style periodicals, women’s glossies all want to feature her on their covers. Barbara is excited, naturally. Though a Bollywood source remarked cattily, “Does she have a game plan between the ‘covers’?”
http://epaper.timesofindia.com/Daily/skins/TOINEW/navigator.asp?Daily=TOIM&showST=true&login=default
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END OF THE DAY STATUS OF THE STOCK MARKET:
Sensex went up by 6.4 % today.
SENSEX : 12,134.8 (+6.4%) NIFTY: 3,654.0 (+5.2%)
DOWN..42.8 % from 21,206.77 the 52-week high of SENSEX
UP...........57.6 % from 7,697.39 the 52-week low of SENSEX
Investment & Wealth Creation Advice:
Please note that our advice is primarily for investors and not for speculators. Investors typically invest with 12-60 month investment perspective. You will therefore find that our advice does not change substantially from issue to issue.
We expect Sensex to come down to 8000-9000 level in the next few months. We expect Aug-Oct 09 period to be a very good period for making investments in good stocks / mutual funds in India. So, do plan your investments in advance.
Also, those who want to invest in realty in India should wait for some time as the flat and land prices are expected to come down substantially in the next 3-4 quarters.
Do consult your investment advisor before making any investment decisions.
Do not purchase shares of a good company at a wrong price. Also, do not purchase shares of a bad company even at a very low price.
Do not put all your eggs in one basket. Diversify your portfolio to de-risk. Do not put more than 33% of your investible funds in stocks and/or mutual funds. Put 33% in Fixed-Interest instruments and the remaining 33% in real estate when real estate prices are low.
Do not invest in stocks, mutual funds or realty when their prices are quite high. From the high levels, these prices normally come down by about 40-50% and that is when many people lose their hard earned money in a big way.
Make sure that you are not one of those big losers.
Make sure that you invest when prices are low (and that is the case in 2009) and divest when prices are high (which will be the case in Q1-2011).
Please note that Aug-Oct 2009 is expected to be a great period for investing your money in stocks & mutual funds in India.
Click here to display NSE CNX NIFTY Chart
Disclaimer: Please make all your investments after taking expert advice. NRI.NewsIndia will not be responsible for losses, if any, incurred by you. Through NRI.NewsIndia, we are only making you aware of the investment opportunities in India at a broad level.
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