Let me tell you story about a working individual- and you guess about him as to who he is. He usually watches TV business Channel as CNBC, Profit at night, reads yellow news paper in the morning and subscribes to stock alerts.

Reliance Power issue was oversubscribed two times in just 60 seconds. The company is yet to commence production, while IPO of Emmar, a company with great track record of development in India and abroad and already in business had to earlier to reduce premium and then to withdraw the issue.

Income from subletting is also income from house property and you can avail of 30% standard deduction as available to income from house property.  In the case of Smart (P) Ltd.

January 18th, 2008: After sensex crossing 21000 mark, the stock indices are continually registered new low levels which has nearly triggered off panic selling. What is the right course of action today for those who have positions and for those who are willing to enter at the right time?

Yesterday, the markets witnessed heavy gains in the initial
sessions where Nifty touched new highs and crossed 6000 mark. The whole session
was quite choppy with tqo times, the nifty slipping by about 50 points in the
red and then staging smart recovery.

 

The recovery was as swift as the fall. Many shares touched
new highs that were not thinkable about fortnight ago. RPL share crossed Rs 294
as open interest of more than 2  crores
shares were added to it.

At this level of sensex, one needs to invest very cautiously, even if it means not earning money. Losses, at this level can be enormous, especially for those who invest in MidCaps or Small Caps for better returns in short term.

Yesterday, the markets touched historic high and came out of teens with sensex touching 20000. Along with this, nifty touched 5900 and appears raring to cross 6000. The 700 point plus rally was one of the five biggest rallies in countries history.

Of late the markets have registered quite steep growth which was unbelievable just 20 months before, when many reputed brokerage house and financial analysts were predicting the fall of sensex to 6000 levels. Volatility in any stock market world wide is a regular phenomenon but the market swings in India are for too trivial issues and to some extent predictable.