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  #1  
Old February 22nd, 2006, 01:55 PM
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Thumbs up Sensex at new peak of 10,234 pts

Sensex at new peak of 10,234 pts




The benchmark sensex remained on record making spree today by setting yet another high of 10,234.23 at noon on foreign as well as domestic funds buying.

A surge in blue-chip and index heavy stocks like Reliance Industries, Reliance Capital, Tata Steel, State Bank of India, Satyam Computers, Bajaj Auto, Maruti Udhyog, Hindustan Lever, ACC and Larsen and Toubro supported the Sensex.

The second wide-spread National Stock Exchange index Nifty was at record high of 3055.65 points against yesterday's closing of 3035.50.

The buying activity was spread over a wide front and picked up all the segment indices further, led by steel and PSU sectors.

http://ww1.mid-day.com/news/city/200...ary/131439.htm

Last edited by Cooldude; February 25th, 2006 at 08:01 AM. Reason: Pic added
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  #2  
Old February 27th, 2006, 12:46 AM
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Thumbs up Re: Sensex at new peak of 10,234 pts

Still scaling higher.

The Sensex is today perched at 10275.19!!
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  #3  
Old February 27th, 2006, 04:08 AM
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Thumbs down Re: Sensex at new peak of 10,234 pts

But what about the Aam Admi? He still is worrying about 2 square meals a day. So many farmer suicides. Kangress still has a long way to go!

Bad performance.

Quote:
What budget? Wonder India's poor

Reuters

Nangla Jamalpur, February 27: When the Finance Minister tells Parliament on Tuesday how much money he has in the budget to aid millions of poor, it will mean little to many of the people he aims to help.

Outside India's city-based economic boom, people like Bala, gathering sugarcane by hand on a farm 50 km (30 miles) outside New Delhi, do not even have electricity -- let alone a television -- to bring them the news.

At Nangla Jamalpur's school, classes are held in the open because lighting is intermittent while the three outdoor toilets teachers and pupils use have been bricked up to keep other villagers out. The school's caretaker has been let go due to lack of funds.

For Bala, a widow, the ruling Congress party-led coalition's drive to improve roads and sanitation in Asia's third-largest economy, and its policy of allotting billions for health and education, have made little or no difference.


"I barely earn 50 to 60 Indian rupees ($1.10-$1.40) a day. I have four kids to look after," she said. "Budget? Sir, I have not heard about it."

Analysts say Finance Minister Palaniappan Chidambaram will once again announce measures to improve the lives of the common man when he makes his budget speech for the fiscal year starting on April 1.

"Lack of a proper delivery system and very slow implementation of budget proposals means that there is a huge wastage of resources," said D.H. Pai Panandikar, president of private economic think-tank RPG Foundation. "This means that the money does not reach the real beneficiaries."

SOCIAL DIVIDE

A year ago, Chidambaram unveiled plans worth billions of dollars aimed at India's 260 million poor. Last year the communist-backed government also introduced a scheme which guarantees 100 days of work a year to every rural household.

The scheme was officially launched in February, but even news of its existence has not trickled down to all of those who need it the most.

"Nobody has told us anything. No one comes to our village," said 60-year-old Vidyapati, who also lives in Nangla Jamalpur, a village of 3,000 people off the road from Delhi to the Himalayas.

Economists say India urgently needs to improve rural infrastructure to prevent the growing wealth gap from creating social unrest and to maintain the economy's 8 percent growth.

Failure to improve roads and ensure steady power supply could also hurt demand for industrial goods since a large chunk of the economy is driven by rural demand.

"If you don't improve power, roads and other infrastructure in rural areas then the structure of demand for industrial goods such as televisions and transport equipment will fall," said Pronob Sen, economic adviser to India's Planning Commission.

CHROME OFFICES, OPEN DRAINS

India's town-country divide has widened since economic reforms began in 1991, a problem reflected in the 2004 election which saw the rural poor vote in large numbers against the ruling Bharatiya Janata Party.

Swanky glass-and-chrome office blocks and shopping malls are common in India's cities. In contrast, an open drain cuts in front of Bala's nearest hospital and sewage stagnates behind it. It has four beds and two doctors, who between them see 250 to 300 patients a day.

More government spending would help. But after 21 months in power, Congress's revenue-raising reforms have progressed very slowly, partly because its communist allies have blocked the sale of stakes in state-run firms.

Economists say reforms in agriculture, retail and real estate are needed urgently to generate more jobs and stem the flow of the rural unemployed to already-overcrowded cities.

"The government should allow contract farming, take steps for large investments in agriculture and improve rural connectivity," said Tapan Kumar Bhaumik, chief economist with India's largest conglomerate, Reliance Industries Ltd..

"There is no room for rhetoric. It's time to implement and consolidate reforms which impact the lives of the rural poor." (Additional reporting by Madhu Soman).

http://www.expressindia.com/fullstory.php?newsid=63531

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Old February 27th, 2006, 08:40 AM
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Re: Sensex at new peak of 10,234 pts

Nangla Jamalpur?? Who thought of the name of this place?

So whats the point - the cities are getting richer and Nangla Jamalpur's are staying poor? How is this worse than everyone being equally poor? Remember the story of Indian crabs in a box ?? Seems appropriate ..

There is some validity to trickle down economics. Since Pagla Jamalganj (or whatever) cannot generate its own revenue, they are poor. The monies generated by the big cities will eventually trickle down to places like Jangla Namalpur (or whatever). It takes time and there will always be a divide. Dont like it - get out of Jamal Nangapur (or whatever) and move your Nangla ass to some city. Cities too crowded? Then stay the hell in Namal Janglapur (or whatever) and quit whining.

Bloody commie crabs
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Old February 27th, 2006, 09:28 AM
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Re: Sensex at new peak of 10,234 pts

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Originally Posted by smellyfinger
Nangla Jamalpur?? Who thought of the name of this place?

So whats the point - the cities are getting richer and Nangla Jamalpur's are staying poor? How is this worse than everyone being equally poor? Remember the story of Indian crabs in a box ?? Seems appropriate ..

There is some validity to trickle down economics. Since Pagla Jamalganj (or whatever) cannot generate its own revenue, they are poor. The monies generated by the big cities will eventually trickle down to places like Jangla Namalpur (or whatever). It takes time and there will always be a divide. Dont like it - get out of Jamal Nangapur (or whatever) and move your Nangla ass to some city. Cities too crowded? Then stay the hell in Namal Janglapur (or whatever) and quit whining.

Bloody commie crabs


good one smelly. If we make progress then people crib, you dont make progress and they still crib. Wonder whats on their mind??
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  #6  
Old February 27th, 2006, 09:42 AM
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Re: Sensex at new peak of 10,234 pts

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Originally Posted by padhu


good one smelly. If we make progress then people crib, you dont make progress and they still crib. Wonder whats on their mind??
Okay let it begin, blue corner - Padhi pai... red corner - Vikini pai... Clang!

Btw Smelli pai, people of Nangla Jamalpur should be called Nangla Jamalpurians or Nanglains or Nanglus for short, not just Nangla Jamalpur's
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Old February 27th, 2006, 09:48 AM
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Re: Sensex at new peak of 10,234 pts

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Originally Posted by Sane Less
Btw Smelli pai, people of Nangla Jamalpur should be called Nangla Jamalpurians or Nanglains or Nanglus for short, not just Nangla Jamalpur's

Read it again - Nangla Jamalpur's does not refer to the people of NJ (for short), but places like NJ.
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Old February 27th, 2006, 10:03 AM
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Re: Sensex at new peak of 10,234 pts

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Originally Posted by smellyfinger
Read it again - Nangla Jamalpur's does not refer to the people of NJ (for short), but places like NJ.
Then the apostrophe is misplaced. You should have just said Nangla Jamalpurs. By inserting the "'" you are suggesting something that something/someone belonging to Nangla Jamalpur are staying poor. No way does it suggest places like NJ.
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Old February 27th, 2006, 10:28 AM
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Re: Sensex at new peak of 10,234 pts

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Originally Posted by smellyfinger
Nangla Jamalpur?? Who thought of the name of this place?
Good Question.. Interestingly, there are a lot places in and around Delhi which are named Nangala, Nangal Raya, Nangloi etc. etc..

One thing common about these places is that most of the original inhabitants are/were Jatts.. So I assume that Nangal is a Caste/SubTribe of Jatts from Punjab/Haryana who originally belonged to village Nangal (which has the Bhakra Nangal Dam)..
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Old February 27th, 2006, 10:56 AM
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Re: Sensex at new peak of 10,234 pts

Quote:
Originally Posted by Sane Less
Then the apostrophe is misplaced. You should have just said Nangla Jamalpurs. By inserting the "'" you are suggesting something that something/someone belonging to Nangla Jamalpur are staying poor. No way does it suggest places like NJ.
You are correct - the apostrophe is misplaced. I promise this will never happen again (ok - I don't' promis'e bu't I wil'l tr'y my bes't). Thi's damn apostrophe's is a big problem's with me. Alway's going' wrong. Where to put and where'n't' to put' - very confusing. Can' you giv'e me some ide'a?

Ab apostrophe ko gaand me lele - i'.e' - make it gaan'd. Cheer's!!'!!
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Old February 27th, 2006, 11:01 AM
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Re: Sensex at new peak of 10,234 pts

Quote:
Originally Posted by smellyfinger
You are correct - the apostrophe is misplaced. I promise this will never happen again (ok - I don't' promis'e bu't I wil'l tr'y my bes't). Thi's damn apostrophe's is a big problem's with me. Alway's going' wrong. Where to put and where'n't' to put' - very confusing. Can' you giv'e me some ide'a?

Ab apostrophe ko gaand me lele - i'.e' - make it gaan'd. Cheer's!!'!!


arey baaya, hum ko kya poochthe ho? Hum tehre llkc, I don't know what is correct grammar, bas yunhi faad diya. Lagta hai hamara match kathm hui (both Smelli and saneless look expectantly at Padhi pai and Vikini pai, who are warming up, sweaty bodies reflecting the rays from the floodlights)
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Old February 27th, 2006, 01:04 PM
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Re: Sensex at new peak of 10,234 pts

Quote:
Originally Posted by Sane Less
Okay let it begin, blue corner - Padhi pai... red corner - Vikini pai... Clang!

saale, kyo aag laga raha hai. Pichele janam mein tu maachis ki tili tha kya.
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Old February 27th, 2006, 01:31 PM
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Re: Sensex at new peak of 10,234 pts

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Originally Posted by padhu
saale, kyo aag laga raha hai. Pichele janam mein tu maachis ki tili tha kya.
There was this old thread I was going through where both you and Vikini pai were debating on something, and tum dono mein kitna pyar tha un din Both were calling each other bhai and treating each other with such respect... Could not help but laugh
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Old February 27th, 2006, 01:41 PM
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Re: Sensex at new peak of 10,234 pts

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Originally Posted by Sane Less
There was this old thread I was going through where both you and Vikini pai were debating on something, and tum dono mein kitna pyar tha un din Both were calling each other bhai and treating each other with such respect... Could not help but laugh
Sane bhai, let me put it this way. I may have my reservations with Viking's opionions but in the end he is still a part of this echarcha family. We all have our thoughts, opinions, anguishes etc. Tempers might run at full throttle during a thread but he may be a real nice person in real life. As they say, dont judge a book by its cover.

BTW, thanks for the attachment. I hope you warn me next time that its NWS. Dont want my female colleagues to get a shock. They have a very good opinion about me (they dont know ke yeah masum chehre ke peeche ek haiwan hai.)
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Old February 28th, 2006, 02:45 AM
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Re: Sensex at new peak of 10,234 pts

Quote:
Originally Posted by padhu
Sane bhai, let me put it this way. I may have my reservations with Viking's opionions but in the end he is still a part of this echarcha family. We all have our thoughts, opinions, anguishes etc. Tempers might run at full throttle during a thread but he may be a real nice person in real life. As they say, dont judge a book by its cover.

BTW, thanks for the attachment. I hope you warn me next time that its NWS. Dont want my female colleagues to get a shock. They have a very good opinion about me (they dont know ke yeah masum chehre ke peeche ek haiwan hai.)
Good answer. Take your gloves off during a debate. But beyond the debate there is no enmity between us. Actually I like no holds barred battles.
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