Another week of selling pressure and both benchmark indices and all sectoral indices closed in the red. The Nifty touched its 18-month low level and both benchmark indices breached some important psychological levels.
The Sensex lost 1.7% while the Nifty closed with 2% loss over the week. The CNX Midcap index lost 1.25% and the BSE Smallcap index was down 1.4% during the week. The BSE Realty was down 4.1% and BSE Metal closed with 5.3% loss.
After touch new low Indian market suffer very big down trap and there is no clue to bounce back and start bull run because all world market go up but only Indian market crash every day. As per technical support Indian market have big support at 15500 or on dip another support 14500.
Saturday, August 27, 2011
Friday, August 12, 2011
Value Stock Buy
Some good stock at lower level it has a good value to get attractive return.
CENTRAL BANK OF INDIA #
52 week High/Low : 211.94 / 101.30
CMP : 108.00
Target : 139.00
JSW STEEL LTD #
52 week High/Low : 1400.00 / 647.00
CMP : 676.00
TARGET : 884.00
CENTRAL BANK OF INDIA #
52 week High/Low : 211.94 / 101.30
CMP : 108.00
Target : 139.00
JSW STEEL LTD #
52 week High/Low : 1400.00 / 647.00
CMP : 676.00
TARGET : 884.00
Friday, August 5, 2011
US credit rating downgrades from AAA to AA+
WASHINGTON: The United States has lost its coveted top AAA credit rating.
Credit rating agency Standard & Poor's on Friday downgraded the nation's rating for the first time since the US won the top ranking in 1917. The move came after Congress haggled over budget cuts and the US government borrowing limit _ and failed to cut enough government spending to satisfy S&P. The issue has contributed to convulsions in financial markets.
The drop in the rating by one notch to AA-plus was expected. The three main credit agencies, which also include Moody's Investor Service and Fitch, had warned during the budget fight that if Congress did not cut spending far enough, the country faced a downgrade. S&P said that it is making the move because the deficit reduction plan passed by Congress on Tuesday did not go far enough to stabilize the country's debt situation. Moody's said Friday it was keeping its AAA rating on the nation's debt, but that it might still lower it.
One of the biggest questions after the downgrade was what impact it would have on already nervous investors. Many financial analysts said investors were expecting a downgrade. But some selling was expected when stock trading resumed Monday morning. The Dow Jones industrial average fell 699 points this week, the biggest weekly point drop since October 2008.
``I think we will have a knee-jerk reaction on Monday,'' said Jack Ablin, chief investment officer at Harris Private Bank.
One fear in the market has been that a downgrade would scare buyers away from US debt. If that were to happen, the interest raid paid on US bonds, notes and bills would have to rise to attract buyers. However, even without its AAA rating, US debt is seen as one of the safest investments in the world. And investors clearly weren't being scared away this week. While stocks were plunging, investors were buying Treasurys. The yield on the 10-year note, which moves opposite its price, fell to a low of 2.39 percent on Thursday.
The government fought the downgrade. Administration sources familiar with the discussions contended that the S&P analysis was fundamentally flawed. They spoke on condition of anonymity because they weren't authorized to discuss the matter publicly. S&P had sent the administration a draft document in the early afternoon Friday and the administration, after examining the numbers, challenged the analysis.
In a statement, Treasury said, ``A judgment flawed by a $2 trillion error speaks for itself.''
S&P said that in addition to the downgrade, it is issuing a negative outlook, meaning that there was a chance it will lower the rating further within the next two years. It said such a downgrade to AA would occur if the agency sees smaller reductions in spending than Congress and the administration have agreed to make, higher interest rates or new fiscal pressures during this period.
In its statement, S&P said that it had changed its view ``of the difficulties of bridging the gulf between the political parties'' over a credible deficit reduction plan.
S&P said it was now ``pessimistic about the capacity of Congress and the administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government's debt dynamics anytime soon.''
Credit rating agency Standard & Poor's on Friday downgraded the nation's rating for the first time since the US won the top ranking in 1917. The move came after Congress haggled over budget cuts and the US government borrowing limit _ and failed to cut enough government spending to satisfy S&P. The issue has contributed to convulsions in financial markets.
The drop in the rating by one notch to AA-plus was expected. The three main credit agencies, which also include Moody's Investor Service and Fitch, had warned during the budget fight that if Congress did not cut spending far enough, the country faced a downgrade. S&P said that it is making the move because the deficit reduction plan passed by Congress on Tuesday did not go far enough to stabilize the country's debt situation. Moody's said Friday it was keeping its AAA rating on the nation's debt, but that it might still lower it.
One of the biggest questions after the downgrade was what impact it would have on already nervous investors. Many financial analysts said investors were expecting a downgrade. But some selling was expected when stock trading resumed Monday morning. The Dow Jones industrial average fell 699 points this week, the biggest weekly point drop since October 2008.
``I think we will have a knee-jerk reaction on Monday,'' said Jack Ablin, chief investment officer at Harris Private Bank.
One fear in the market has been that a downgrade would scare buyers away from US debt. If that were to happen, the interest raid paid on US bonds, notes and bills would have to rise to attract buyers. However, even without its AAA rating, US debt is seen as one of the safest investments in the world. And investors clearly weren't being scared away this week. While stocks were plunging, investors were buying Treasurys. The yield on the 10-year note, which moves opposite its price, fell to a low of 2.39 percent on Thursday.
The government fought the downgrade. Administration sources familiar with the discussions contended that the S&P analysis was fundamentally flawed. They spoke on condition of anonymity because they weren't authorized to discuss the matter publicly. S&P had sent the administration a draft document in the early afternoon Friday and the administration, after examining the numbers, challenged the analysis.
In a statement, Treasury said, ``A judgment flawed by a $2 trillion error speaks for itself.''
S&P said that in addition to the downgrade, it is issuing a negative outlook, meaning that there was a chance it will lower the rating further within the next two years. It said such a downgrade to AA would occur if the agency sees smaller reductions in spending than Congress and the administration have agreed to make, higher interest rates or new fiscal pressures during this period.
In its statement, S&P said that it had changed its view ``of the difficulties of bridging the gulf between the political parties'' over a credible deficit reduction plan.
S&P said it was now ``pessimistic about the capacity of Congress and the administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government's debt dynamics anytime soon.''
Tuesday, August 2, 2011
US Market Trouble After Deal Done
The deal reached by the US Congress to raise the $14.3 trillion debt ceiling has spared the nation an immediate catastrophe while potentially setting a path for longer-term disasters.
Financial markets' initial euphoria over the deal faded quickly. The S&P 500 index of US stocks declined for the sixth day in a row, losing 0.4% Monday to close at 1,286.94. The dollar gained against the euro and the yen but declined to a record low against the Swiss franc.
The markets' response underscores an unfortunate reality: While the US government may have averted a self-inflicted disaster, it hasn't solved fundamental problems and appears to have created new ones. What the US needs is a deficit-reduction plan to address its long-term fiscal gap without weighing too heavily on a weak recovery.
Instead, it's getting the opposite: immediate spending cuts that threaten the recovery in the short term but aren't substantial enough to fix the long-term budget problems. Under the deal the House approved Monday, the government must find $21 billion in new spending cuts next year, and possibly much more.
If legislators fail to agree by the end of this year on at least $1.2 trillion in further deficit reduction, the country will face indiscriminate cuts in domestic and defence programmes. The cuts could hamper the recovery, especially given $250 billion in expiring unemployment benefits, the end of the temporary payroll-tax cut and the winding down of the stimulus programme.
Growth was barely evident in the first half, and a manufacturing report on Monday showed a steep deterioration in both activity and hiring plans in July. A growing economy is crucial to fixing the government's finances. Economic output is the denominator in the US government's debt burden, which currently stands at almost 100% of GDP, according to the International Monetary Fund -- the highest level since the aftermath of World War II.
Even if the economy doesn't falter under the cuts, the deal provides far too little future deficit reduction to put the government's finances on a sustainable path, and possibly too little to maintain its AAA credit rating.
Economists estimate the US structural budget deficit - the gap that must be closed to achieve long-term stability - at about 5-6% of GDP. The $2.4 trillion in deficit reduction envisioned in the compromise plan amounts to 1% of projected GDP over the next decade.
Make no mistake: The US is a wealthy country that can afford to solve its budget problems. Closing the fiscal gap will require political leaders to embrace more ambitious policies and to build popular support for the sacrifices they will entail. These tasks will only be more painful if markets ultimately force them on us.
Us market crash very sharply, there is no support to market from deal investor lost their faith on US economy because of that market down like :
Nasdaq 2,669.24 -75.37 -2.75%
S&P500 1,254.05 -32.89 -2.56%
Dow Jones Ind. Avg. 11,866.62 -265.87 -2.19%
Financial markets' initial euphoria over the deal faded quickly. The S&P 500 index of US stocks declined for the sixth day in a row, losing 0.4% Monday to close at 1,286.94. The dollar gained against the euro and the yen but declined to a record low against the Swiss franc.
The markets' response underscores an unfortunate reality: While the US government may have averted a self-inflicted disaster, it hasn't solved fundamental problems and appears to have created new ones. What the US needs is a deficit-reduction plan to address its long-term fiscal gap without weighing too heavily on a weak recovery.
Instead, it's getting the opposite: immediate spending cuts that threaten the recovery in the short term but aren't substantial enough to fix the long-term budget problems. Under the deal the House approved Monday, the government must find $21 billion in new spending cuts next year, and possibly much more.
If legislators fail to agree by the end of this year on at least $1.2 trillion in further deficit reduction, the country will face indiscriminate cuts in domestic and defence programmes. The cuts could hamper the recovery, especially given $250 billion in expiring unemployment benefits, the end of the temporary payroll-tax cut and the winding down of the stimulus programme.
Growth was barely evident in the first half, and a manufacturing report on Monday showed a steep deterioration in both activity and hiring plans in July. A growing economy is crucial to fixing the government's finances. Economic output is the denominator in the US government's debt burden, which currently stands at almost 100% of GDP, according to the International Monetary Fund -- the highest level since the aftermath of World War II.
Even if the economy doesn't falter under the cuts, the deal provides far too little future deficit reduction to put the government's finances on a sustainable path, and possibly too little to maintain its AAA credit rating.
Economists estimate the US structural budget deficit - the gap that must be closed to achieve long-term stability - at about 5-6% of GDP. The $2.4 trillion in deficit reduction envisioned in the compromise plan amounts to 1% of projected GDP over the next decade.
Make no mistake: The US is a wealthy country that can afford to solve its budget problems. Closing the fiscal gap will require political leaders to embrace more ambitious policies and to build popular support for the sacrifices they will entail. These tasks will only be more painful if markets ultimately force them on us.
Us market crash very sharply, there is no support to market from deal investor lost their faith on US economy because of that market down like :
Nasdaq 2,669.24 -75.37 -2.75%
S&P500 1,254.05 -32.89 -2.56%
Dow Jones Ind. Avg. 11,866.62 -265.87 -2.19%
Subscribe to:
Posts (Atom)
