Sensex

Thursday, April 23, 2009

DG - Ant and Grasshopper



Really a class analogy..

 

 

 

An Old Story:

 

The Ant works hard in the withering heat all summer building its house and

laying up supplies for the winter.

 

The Grasshopper thinks the Ant is a fool and laughs & dances & plays the

summer away.

 

Come winter, the Ant is warm and well fed. The Grasshopper has no food or

shelter so he dies out in the cold.

 

 

Indian Version:

 

 

The Ant works hard in the withering heat all summer building its house and

laying up supplies for the winter.

 

The Grasshopper thinks the Ant's a fool and laughs & dances & plays the

summer away.

 

Come winter, the shivering Grasshopper calls a press conference and

demands to know why the Ant should be allowed to be warm and well fed

while others are cold and starving.

NDTV, BBC, CNN show up to provide pictures of the shivering Grasshopper

next to a video of the Ant in his comfortable home with a table filled

with food.

 

The World is stunned by the sharp contrast. How can this be that this poor

Grasshopper is allowed to suffer so?

 

Arundhati Roy stages a demonstration in front of the Ant's house.

 

Medha Patkar goes on a fast along with other Grasshoppers demanding that

Grasshoppers be relocated to warmer climates during winter .

 

Mayawati states this as `injustice' done on Minorities.

 

Amnesty International and Koffi Annan criticize the Indian Government for

not upholding the fundamental rights of the Grasshopper.

 

The Internet is flooded with online petitions seeking support to the

Grasshopper (many promising Heaven and Everlasting Peace for prompt

support as against the wrath of God for non-compliance).

 

Opposition MPs stage a walkout. Left parties call for 'Bengal Bandh' in

West Bengal and Kerala demanding a Judicial Enquiry.

 

CPM in Kerala immediately passes a law preventing Ants from working hard

in the heat so as to bring about equality of poverty among Ants and

Grasshoppers.

 

Lalu Prasad allocates one free coach to Grasshoppers on all Indian Railway

Trains, aptly named as the 'Grasshopper Rath'.

 

Finally, the Judicial Committee drafts the ' Prevention of Terrorism

Against Grasshoppers Act' [POTAGA], with effect from the beginning of the

winter.

 

Arjun Singh makes 'Special Reservation ' for Grasshoppers in Educational

Institutions & in Government Services.

 

 

The Ant is fined for failing to comply with POTAGA and having nothing left

to pay his retroactive taxes,it's home is confiscated by the Government

and handed over to the Grasshopper in a ceremony covered by NDTV.

 

 

 

Arundhati Roy calls it ' A Triumph of Justice'.

 

Lalu calls it 'Socialistic Justice '.

 

CPM calls it the ' Revolutionary Resurgence of the Downtrodden '

 

 

Koffi Annan invites the Grasshopper to address the UN General Assembly.

 

 

 

 

Many years later....

 

The Ant has since migrated to the US and set up a multi-billion dollar

company in Silicon Valley,

 

 

100s of Grasshoppers still die of starvation despite reservation somewhere

in India,

 

 

.

......AND

 

 

 

 

As a result of loosing lot of hard working Ants and feeding the

grasshoppers,

.

.

.

.

.

.

.

.

.

.

India is still a developing country…!!!

__._,_.___
Regards

BigGains !!
Recent Activity
Visit Your Group
Yahoo! Finance

It's Now Personal

Guides, news,

advice & more.

Yahoo! Groups

Stay healthy

and discover other

people who can help.

Yahoo! Groups

Mom Power

Discover doing more

for your family

.

__,_._,___

DG - FW: Sharekhan Post-Market Report dated April 23, 2009



 

 

From: The Sharekhan Research Team [mailto:marketwatch@research.sharekhan.com]
Sent: 23 April 2009 16:08
To: The Sharekhan Research Team
Subject: Sharekhan Post-Market Report dated April 23, 2009

 

 Sharekhan's daily newsletter

Visit us at www.sharekhan.com

 

April 23, 2009

 

Index Performance

Index

Sensex

Nifty

Open

10,841.57

3,330.50

High

11,203.28

3,439.90

Low

10,758.97

3,310.50

Today's Cls

11,134.99

3,423.70

Prev Cls

10,817.54

3,330.30

Change

317.45

93.40

% Change

2.93

2.80

 

Market Indicators

Top Movers (Group A)

Company

Price 
(Rs)

%
chg

Gainers

Ashok Leyland

22.85

12.01

HDIL

145.00

11.71

Wipro

312.95

11.11

Indiabulls Real Estate

145.55

11.06

Lanco Infra

234.60

9.65

Losers

Bajaj Holdings

375.60

-9.85

Zee Enter

118.55

-6.40

Rolta India

82.90

-5.53

Jai Corp

204.95

-4.98

Yes Bank

73.55

-4.11

Market Statistics

-

BSE

NSE

Advances

1,441

712

Declines

1,056

484

Unchanged

103

41

Volume(Nos)

45.57cr

94.61cr

 Market Commentary 

IT stocks carry the day

While selling pressure saw most other stocks slip from higher levels, information technology (IT) stocks held on to their gains to end firm.

Market recovered most of the day’s losses towards the close of the session, after shedding 59 points in early trades from the previous day's close of 10818.  

 

Tracking weak global indices, the Sensex opened marginally above its previous close. The mood remained bearish and the market slipped on profit booking in index pivotals, fast moving consumer goods (FMCG) and consumer durable (CD) stocks. The market once again witnessed selling pressure and the Sensex touched the day's low of 10759 by afternoon amid a choppy session. However, the index recovered shrugging off the weakness on substantial buying in IT, metal and realty stocks towards the close and touched the day’s high of 11203. The Sensex finally closed at 11135, up 317 points, while Nifty ended 93 points down at 3424.

The market breadth was positive. Of the 2,600 stocks traded on the BSE, 1,441 stocks advanced, 1,056 stocks declined and 103 stocks ended unchanged. Of the 13 sectoral indices, BSE IT (index of IT shares) flared up by 5.22% followed by BSE Metal (up 5.20%), BSE Realty (up 4.21%) and BSE Auto (up 3.92%). Other indices were up 1-3% each. The BSE CD was the only index to end lower.

Among the Sensex stocks, Wipro was the leading gainer and its stock price soared by 13.62% at Rs320. Among other stocks, Tata Steel advanced 10.35% at Rs266.10, Maruti Suzuki India jumped 7.92% at Rs814, while ICICI Bank, Grasim Industries, Sterlite Industries, Reliance Infrastructure, Tata Motors, Larsen & Toubro and Infosys Technologies closed with sharp gains of 5-7%. Among laggards, Sun Pharmaceutical Industries slipped 0.49% at Rs1,174.50 and Hindustan Unilever shed 0.31% at Rs240.25.

Over 3.58 crore shares of Unitech changed hands on the BSE followed by Cals Refineries (2.47 crore shares), Housing Development and Infrastructure (1.55 crore shares), Suzlon Energy (1.54 crore shares) and Reliance Natural Resources (1.51 crore shares). 

European Indices at 16:00 IST on 23-04-2009

Index

Level

Change (pts)

Change (%)

FTSE 100 Index

4054.27

23.61

0.59

CAC 40 Index

3029.86

4.62

0.15

DAX INDEX

4594.65

0.23

0.01

Asian Indices at close on 23-04-2009

Index

Level

Change (pts)

Change (%)

Nikkei 225

8847.01

119.71

1.37

Hang Seng Index

15214.46

336.01

2.26

Kospi Index

1368.80

12.78

0.94

Straits Times Index

1859.98

16.57

0.90

Jakarta Composite Index

1601.85

-13.38

-0.83

To know more about our products and services, click here.

“This document has been prepared by Sharekhan Ltd. This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction.
Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report.
The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees (“SHAREKHAN and affiliates”) are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report. 
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.
SHAREKHAN & affiliates may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. Any comments or statements made herein are those of the analyst and do not necessarily reflect those of SHAREKHAN.”

To unsubscribe write to myaccount@sharekhan.com

 

Manage your newsletter subscriptions

 

__._,_.___
Regards

BigGains !!
Recent Activity
Visit Your Group
Give Back

Yahoo! for Good

Get inspired

by a good cause.

Y! Toolbar

Get it Free!

easy 1-click access

to your groups.

Yahoo! Groups

Start a group

in 3 easy steps.

Connect with others.

.

__,_._,___