Analysts said expectations of stronger crude oil prices in the long run, once the global economy falls back on the growth track, is triggering interest in such stocks. They estimate that investment of $7-8 billion has been earmarked to the oil exploration and production industry by 2010.
Raring bull seen mopping up HOEC
After being heavily short on the market, the raring bull is believed to be nibbling into some probable multi-baggers for the next bull-run. Grapevine has it that he has been mopping up Hindustan Oil Exploration Company (HOEC), amid the slide in the stock in line with the broader market.
Tax sops likely in the steel sector in the next week may boost up the stocks
It is heard on the street that after Diwali the bull market begins upwards and inflation is inching down wards and RBI will start cutting repo rates and interest rates cools off.
It is also heard on the market that we are in close to the bottom and away from 10% of market and may start another bull market after consolidation phase as sentiment makes up.
Watch out fertilizer subsidy in few days and all fertilizer stocks to move upwards.
Going by rumour, Bank of India may merge with State Bank of India , announcement may be made soon .
Marksans Pharma may adopt stake sale to acquire Hales grooup UK.
The acquisition of copper miner Asarco LLC for .6 billion by India-based Sterlite Industries Ltd. is in doubt after Sterlite said it was backing out of the deal.
There is probability of Repo rate cut in coming days which may boost the markets and banking sector as a whole
Rumours on the street that 3i Info projects especially in US are all in trouble and there are no more significant projects coming up.
Punjab National Bank is looking to sell it 74.7% stake in PNB Gilts , Edelweiss Capital and Goldman Sachs are in race for picking up this stake
Warren Buffet - "A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful," said Buffett.
"And most certainly, fear is now widespread, gripping even seasoned investors." , Bad news is an investor`s best friend
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