Target of 12,500 has achieved today
Earlier I has given the target for Sensex of 12,500 for downward on 16.09.2008. It has just achieved today . Sensex is moving under 12,500. The sun outage period session never suits for market. I hope for see more down from here. But don’t expect for sharp downfall. Forthcoming 1-2 session would be flat or slow up. But after all I hope to see 10,000 of Sensex in month of October.
IPO of BSNL has canceled
BSNL has canceled bring their IPO. Due to heavy protest of worker union of BSNL , they has compelled to 
canceled to proposal bring IPO of BSNL. Many investors were waiting for BSNL IPO.
Oil Prouction in KG Basin has started
The Chairman and Managing Director of Reliance Industries LTD Mukesh Ambani has announced in Mumbai that oil production in D-6 Block of Krishan and Godavari Basin has stared from 17th September 2008. He told that plant is producing 5,000 barrel per day. It will be increase more then 550 thousand barrel oil per day in one and half year.
Rakesh Jhunjhunwala investments strategies and biography
Rakesh Jhunjhunwala is an Indian investor in stock market and made tons of money from stock market. In 2007, Forbes rated him as India’s 51st and the world’s #1062 richest man with wealth of $1.1 billion.
Mr Jhunjhunwala is 45 years of age and son of Shri R S Jhunjhunwala IRS (Retd), a former Commissioner of Income Tax. His tryst with the stock market began at the age of 15. Fascinated by the daily fluctuations in the stock prices and being an inquisitive child, he was guided by his father (on asking why the stock prices fluctuate everyday) to compare the volatility in stock price movements to news reports, which then led to his reading of annual reports of companies and remains a habit even today. While doing his Chartered Accountancy he learned that high profits and net worth alone do not necessarily mean a high stock price. His passion for stocks compelled him to opt for investing as a career rather than CA practice. Read full story here (source) Read more
Goldman Sachs Profit falls 70 percent: stock market is going to crash again
Goldman Sachs has reported a 70% drop in third quarter profits to $845m (£475m), down from $2.85bn in the same three-month period a year ago.
In its trading and principal investments division, the bank’s revenue plunged by 67% to $2.7bn. Goldman revealed that it made a $500m loss on residential mortgage-related securities and a $325m loss on commercial mortgages. Its principal investments operation made a $453m loss, largely due to corporate and property investments. Read more