Hi Raman, most welcome

Hi Akash, yes, its the largest Tea Manufacturer in the World, and can do well in the Long run

Hi vishaldel, it faces some support at 835, below which it can see 820 levels, If Markets trade weak tomorrow, it can see 850

Hi raja m, its likely to consolidate at current levels for some time, and then see some upmove

Hi kanifb, hold it for another 2-3 days time, its likely to do well

Hi Rana, hold RNRL with a tight SL at 53 and Nifty with a SL at 5280, Markets are likely to trade flat tomorrow

Hi CB,
Garware Wall Ropes Ltd, closed at the lowest point today 81.65
will it c my price @ 88 in a day or two, there were low volumes in comparison to yesterday.
its got me worried..can the fall still be attributed to profit booking or is there a trend reversal??
Please advice
thanks alot

Hi Mrs Kiran S, it faced strong resistance at 2440, above which it looked strong, it can see 2500+ levels in the coming days

Hi shahul, likely to trade flat tomorrow

Hi tanu, seems to be some profit booking today, try holding it for Short term, its likely to give a bounce

Hi shiva, KGL can see 22+ levels and Avon around 9

CANFINHOME was a bit down today, what can be seen in it in next 4 - 5 trading days? i bot @ 131/-, suggest strategy. thanx a lot.

Hi Karthik,

What will be the medium target of Alok Industries and Assam Company. Please suggest

India to grow at 9.50 percent in 2010: IMF

India’s growth will accelerate to about 9.50 percent in 2010 as robust corporate profits and favourable financing conditions fuel investment, and then settle to 8.50 percent in 2011, according to International Monetary Fund (IMF) projections.

Large domestic demand bases in India, China, and Indonesia, which contribute substantially to Asia’s growth, could also provide the region a cushion in the event of external demand shocks, the IMF said Thursday.

As Asia’s strong recovery from the global financial crisis continues, despite renewed tension in global financial markets, world growth is projected at about 4.50 percent in 2010 and 4.25 percent in 2011, according to the July update of IMF’s World Economic Outlook (WEO).

Relative to the April 2010 WEO, this represents an upward revision of about 0.50 percentage point in 2010, reflecting stronger activity during the first half of the year, the IMF said, keeping its forecast for 2011 unchanged.

At the same time, downside risks have risen sharply amid renewed financial turbulence, it said, suggesting that policy efforts in advanced economies should focus on credible fiscal consolidation, notably measures that enhance medium-run growth prospects such as reforms to entitlement and tax systems.

Noting that economic activity in Asia has been sustained by continued buoyancy in exports and strong private domestic demand, the IMF has revised gross domestic product (GDP) growth forecasts for the region upward for 2010, from about 7 percent in the April WEO to about 7.50 percent.

For 2011, when the inventory cycle will have run its full course and the stimulus is withdrawn in several countries, Asia’s GDP growth is expected to settle to a more moderate but also more sustainable rate of about 6.75 percent.

In China, given the strong rebound in exports and resilient domestic demand so far this year, the economy is now forecast to grow by 10.50 percent in 2010, before slowing to about 9.50 percent in 2011, when further measures are taken to slow credit growth and maintain financial stability, the IMF said.

Both Newly Industrialised Asian Economies and Association of South East Asian Nations (ASEAN) economies are expected to grow by about 6.50 percent in 2010 as a result of surging exports and private domestic demand, before moderating to 4.75 percent and 5.50 percent, respectively, in 2011, it said.

In a separate Global Financial Stability Report Update, the Fund noted that despite generally improved economic conditions and a long period of healing after the failure of Lehman Brothers, progress toward global financial stability has recently experienced a setback.

Sovereign risks in parts of the euro area have materialised and spread to the financial sector there, threatening to spill over to other regions and re-establish an adverse feedback loop with the economy, it said.

Further decisive follow-up is needed to the significant national and supranational policy responses that have been taken in order to strengthen confidence in the financial system and ensure continuation of the economic recovery, the IMF said.

hi kartik,why ifci and gspl are not moving much?am holding it for more than 1 week..but much upmove is seen..tel a time period for me to hold this.please