D- Street Is On High

21 September: The party on the D- street continues and weBrings a Smile Even In A Bleak Market believe that over the weekend the rally should continue unless there is any roll back or political unstability.Why we were saying to be cautious about markets earlier. There is a lot of uncertainty in the market.What has led so dramatic change in the market.

1.The Finance minister P Chidambaram has made

 a lot of difference.Where a lot was spoken when he was elected as the finance minister as Pranab Mukherjee failed to deliver.There was a lot of positive energy was built up and this was the start.

2.As everyone must be aware the crude prices in the month of late july and early August was quiet low so the fiscal deficit was down and the underrecovery as often said by our OMCs in 12 months for the first time announced they were in profit.

3. Rate cut in the CRR was the major booster for the market in earlier policies as well as the recent policy which was on 17th where again CRR was cut by 25 BPS Rs 17000cr infused indirectly in the market.

4.The long wait of the FDI all cleared in Aviation, Retail,, DTH providers,Power exchanges. All the four sectors are now open in for foreign investments. This policy much awaited sent out a loud message to the global investors as well as the industrialist that there is no problem with the GOI.

5. Price hike in Diesel by Rs5, and LPG cylinder capped to 6 as much and on top if any one bought they have to buy as per the market rate.

6. Rajiv Gandhi equity scheme guidelines in effective from today.

7. Guidelines issued by the GOI on FDI in aviation,retail,power exchanges, DTH.

8.The crude basket of India is down to 106$ as low.

9.Rupee is appreciating against dollar,it is on the 4 months high.

10.Expected that reforms in the much awaited insurance sector will be out on by Tuesday.

11. Disinvestment Process picked up where in 6 months they will raise as much as Rs15000cr.

12.For the first time in nearly even we dont know Air India in its June quarter reported a minute profit of 30 --40Cr.

13. Its always the main TMC where "DIDI" the Indian tigress was just on papers .We have always heard about dirty politics. Today we saw how TMC is no longer supporting Congress. Its sad to know but that is seen as positive by many sentimental investors as this gives no room for the congress to go back and lie down on its knees. Now we feel there will be more reforms more announcements which one common investors must have not thought of.

14.More announcements to come in for the projects which are locked down due to regulatory issues pace for clearence and more easy norms will be published for the laggards Infra , Realty, capital Goods sector.