Money Tree

The Promoters of Mount Everest Mineral Water are likely to sell 11 percent stake to Tata Tea and it would take the total holding of Tata Tea in Mount Everest to more than 42 percent. Mount Everest is the market leader in mineral water market with its brand Himalaya having 75 percent market share. Both the stocks have reacted to the news today and Mount Everest is locked in the upper circuit at Rs.127.65 and Tata Tea is up more than 3 percent at Rs. 910.

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GLOBAL MARKETS

US Markets

The US markets rallied yesterday with Fed’s prediction of strong growth and Dow was up 111.74 points.

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GLOBAL MARKETS

US Markets

The US markets closed with minor gains on Tuesday.

Dow Jones closed at 13521.34 up 14.06 points or 0.10 percent
Nasdaq Composite closed at 2572.06 up 14.87 points or 0.58 percent.

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We had recommended Dish TV on 3rd May 2007 at Rs. 110-112 with a short term target of Rs. 135. Today the stock traded above our target price for a long time and closed at Rs. 134.15 today. We had maintained that once the stock crosses Rs. 110 level decisively then it would have its next target placed at Rs. 122 and then Rs. 135. Today it has aceived our final short term target and the stock afer crossing Rs. 110 level did not go below that as indicated in our recommedaiton.

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GLOBAL MARKETS

Asian Markets

The Asian markets closed mixed on Monday.

NIKKI(JAPAN) closed at 17553.14 down 34.45 points.
HANG SENG (HONG KONG) closed at 20529.76 up 9.10 points.
KOSPI (SOUTH KOREA) closed at 1656.71 down 1.20 points.
STRAITS TIMES (SINGAPORE) closed at 3513.37 up 26.74 points.
SENSEX (INDIA) closed at 14397.89 up 59.44 points.
NIFTY (INDIA) closed at 4256.55 up 8.40 points.

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We had recommended Carborundum Universal on 3rd May between Rs. 140 and Rs. 145 and today it touched Rs. 187 in the morning and currently is quoting at Rs. 168. The stock did not go below Rs. 140 which acted as a strong support as suggested at our site on the day of recommendation, it remained in the range of Rs. 141 to 147 and then started shooting up last week to reach a high of Rs. 187 today. We had set a short term target of Rs.180 for the stock which has been acheived today.

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GLOBAL MARKETS

US Markets

The US markets closed positive on friday.

Dow Jones closed at 13507.28 up 66.15 points or 0.49 percent
Nasdaq Composite closed at 2557.19 up 19.27 points or 0.76 percent.

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Prepare yourself
I have seen most of the first time investors losing big money in the stock markets and you would come across a number of such investors with terrible experience in stock markets that they hate to even discuss about any shares and feeling very secure with their money being invested in Bank Fixed deposits, traditional insurance plans and Government bonds with a return of about 8 percent a year. They had a sour experience because they had not prepared themselves for investing in stock markets, they simply saw some other fellow making huge money on some news driven stock and next time put a huge sum on his advice or saw an expert on a news channel strongly recommending a stock and the markets turned otherwise. Such people do not dare to take another chance and believe that perhaps they are not made for it and resolve not to even look at it during rest of their lives. The experience might have been different if they would have spent some time researching and had some patience before making a first time entry. Some basic steps for the first time investors are listed hereunder which will be useful to make a successful entry into the stock markets and for those as well who had a terrible first time experience.

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The inflation as announced today for the week ended on 12th May 2007 stood at 5.27 as compared to 5.44 the previous number. This is slightly above the expected level, however it has improved from the previous level and is marching towards the targeted level of below 5.
The inflation number is being watched closely by the Reserve Bank of India as it may need to take some measures to bring it below the desired level.
The rupee has found support between 40.55 to 40.60 levels, some traders predict that RBI has started intervening and may not let the dollar fall below 40.5 levels. A big quantum of foreign money is expected to come into the system in the coming month and then it would become very difficult for the dollar to hold above Rs. 40 levels. Some experts are now contemplating another CRR hike by the RBI to suck the excess liquidity from the banking system.

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GLOBAL MARKETS

US Markets

The US markets closed weak on thursday with Nasdaq shedding more than 1 percent.

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