Nifty levels - 27 Nov 2008

Nifty & BSE both Indian stock markets were shut down due to Mumbai terror attacks. Expiry date for this month's futures contracts is postponed for tomorrow i.e, 27 Nov 2008.

Mumbai attacks are the first of its kind seen by the nation. The scale of destruction & the retaliation shown by terrorist make all of us think hard about our safety. These terrorists have been popping out like cockroaches & it seems common man is not safe inside their toilets even.

Let us condemn these attacks from our full strength!!!!

Indian Bailout Schema

Have you ever feel surprised why India is OUTSOURCING capital of world?? Well if the answer is YES then here is another proof of why outsourcing things to INDIA can be so much COST EFFECTIVE to the world(especially USA).

We have heard a lot about US Economy Bailout Packages. So back with bang here comes Indian version of Economic Bailout .Whatever the US government is doing with $800 billion with an anticipation of a 4 to 5 year time frame we Indians can do just in Rs. 150 crores (or $30 million being specific) within 2 year time frame.

So world keep on outsourcing to us!!!

Nifty Levels- 26 Nov 2008

From today i am starting a series of regular posts about technical levels of NIFTY Futures to be used for short/medium term NIFTY FUTURE players. For making things short & sweet lets go directly on the expected levels for nifty in short term.

As of today, on 26 Nov 2008 Nifty futures managed to cross 2763 which completes the 50% fibonacci retracement from the levels of 2228 and 3299 and closed near to it so next target should be 2840/2885/2945 in short/medium term.

Micro Technologies launches Micro SAMS

Mumbai-based Micro Technology Ltd. launched unique software in the city today. The Micro Students Attendance Management System, (SAMS) is an automated system for access, attendance and effective communication

TCS wins WS Journal Global Innovation Technology Award

Tata consutancy services a leading global IT services and business solutions firm today announced that the world’s leading business publication, has selected TCS’ mKrishi service as the winner of its 2008 Technology Innovation Award in the wireless technology category. The award recognizes companies, individuals and organizations world-wide for technological breakthroughs in such areas as medicine, the Internet, wireless and consumer electronics.

Lehman Brothers bankruptcy impact on Indian IT market

With Lehman Brothers filing for bankruptcy and Bank of America taking over Merrill Lynch; the key question would be - do these companies have significant exposure to the Banking, Financial Services and Insurance (BFSI) space and what would be the impact?

Lehman Brothers, which has filed for bankruptcy, seems to have very little outsourcing done as of now and the exposure remains with Wipro and Tata Consultancy (TCS). Wipro has given a statement that Lehman Brothers is not such a significant client and they are not worried about it. TCS may not see much of the impact.

But one needs to watch out for what happens with Merrill Lynch because Merrill Lynch was a significant client for both Satyam and TCS. The one which is going to suffer from Merrill Lynch’s takeover is going to be Satyam because it was a significant top client for them. Where TCS gains over Satyam is it has in relationship with the acquiring company Bank of America, which gets more outsourced work.Infosys and Bank of America have a very steady relationship. So Infosys maybe one of the gainers.

You Can buying and selling of dematerialised securities

You Can buying and selling of dematerialised securities

a. selling dematerialized securities

b. purchase dematerialized securities.

selling dematerialized securities

The procedure for selling dematerialized securities is very simple. Procedure for selling securities is given here below:

1. You sell securities in any of the stock exchanges through a broker;
2. You give instruction to your DP to debit your account and credit the broker's (clearing member) account before the deadline time specified by your DP;
3. Before the pay-in day, your broker gives instruction to its DP for delivery to clearing corporation;
4. Your broker receives payment from the stock exchange (clearing corporation);
5. You receive payment from the broker for the sale of securities.

purchase dematerialized securities.
For receiving demat securities you may give a one-time standing instruction to your DP. Procedure for buying securities is given here below:

• You purchase securities through a broker;
• You make payment to your broker who arranges payment to clearing corporation on the pay-in day;
• Your broker receives credit of securities in its clearing account (clearing member account) on the pay-out day;
• Your broker gives instructions to its DP to debit its clearing member account and credit your account;
• You receive shares into your account. However, if standing instructions are not given at the time of opening the account, you will have to give 'Receipt Instructions' to your DP for receiving credit.