Unconfirmed news : ONGC Recently in ONGC govt. has diluted stake becoz of which its free float has increased. Heard in next week BSE & NSE may increase weights of ongc in index. Ongc is also in msci index. msci may have semi-annual review in may 2012 in which it may also increase weights of ongc
On Wed, Mar 7, 2012 at 10:12 AM, RAJESH DESAI <[email protected]> wrote: > The most obvious (possible) outcome of Congress’s disastrous > performance in the just concluded assembly elections is that the economic > reforms could suffer a setback. Worse than just policy paralysis, the UPA > could actually accelerate on the populist highway in a desperate bid to woo > voters in time for the 2014 general elections, further wrecking the > country’s finances in the process. Strategists at brokerage houses are near > unanimous in their gloomy outlook for the market because of the election > results. But just like the market hates uncertainty, it does not think too > highly of consensus either. Sifting through the otherwise bleak prognosis > that most reports offer, here is why things may still pan out differently. > > > Morgan Stanley > > The immediate consensus reaction is that these results will trigger a wave > of populism from the Congress government at the center. However, that would > be a hasty conclusion given the country‘s fiscal balance and that general > elections are another 24 months away. In fact, we think that these results > could trigger a concerted effort to consolidate the fiscal deficit and > raise growth through development so that social spending becomes more > viable in 2013 ahead of the 2014 general elections. > > RBS > > A potential silver lining from these election results could be the Congress > re-considering some of its supposedly populist measures, e.g., the > introduction of the food security bill which is expected to add another > 20-30 basis points of GDP to the government’s fiscal deficit. These > measures have not yielded political dividends for the INC in the recent > state elections, and could lead to a policy shift with the INC re-focussing > on boosting economic growth via reform measures, and also shifting > government expenditure to infrastructure rather than consumption. > > Enam > > With a fairly progressive Akhilesh Yadav running the show, issue-based > support (to UPA) from SP may continue. At the same time, BSP may also > instead be more amenable to extending outside support at the Centre given > its weak standing in the assembly elections. > > Citi > > Not immediately, but the BJP – the primary opposition party – has put in a > strong show (excluding in UP). This is something the market could start > looking at for the next General Elections (2014, but who knows?). Remember, > the BJP effected meaningful reform, when in Government (1999-2004). It > might not be the same reform-oriented party – but it does have a track > record > > source.. moneycontrol > > > > -- > CA. Rajesh Desai > > -- > You received this message because you are subscribed to the Google Groups > ""GLOBAL SPECULATORS"" group. > To post to this group, send email to [email protected]. > To unsubscribe from this group, send email to > [email protected]. > For more options, visit this group at > http://groups.google.com/group/globalspeculators?hl=en. > -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
