India Morning Report: A Hindi speech for another wannabe and more such stable tenets of Indian realism.

icici bank
icici bank (Photo credit: Wikipedia)

NaMo made it to Gujrat’s top executive post again and likelyy will last there for a couple more terms after this new term is also over but those that can see around the media carnage opportunity for the new PM wannabe, I am still very clear that India will not accept this strong PM much like it doozied Sharad Pawar and Jyoti Basu’s candidature earlier(Jyoti Basu refused to move to the center despite being the kingmaker and a strong government in Bengal for 32 years).

A pan-Indian institution like HDFC Bank or new investors (domestic) like Tata Motors may enable however an Economic armageddon and even a Non Congress/UPA government at the Center as a viabel non coalition alternative. Rating agencies howevr inclined they may be to use that as a peg to hang India’s political instability on in the 23 country band between BBB- to BBB+ that includes Turkmenistan and Kazhakstan and other such resource only single product economies would still be continuing on a longer deeper folly they stuck to when India was actually near default once in the late eighties.

That leaves you with the question if the Nifty will indeed move in a new direction sooner and the seet answer is that despite such lengths of staple yarn wrapping this Tropic, 5850 is more than a stable support and ready to rush the bastions near 6200 and nothing else. Today’s 47 point correction as of 10:29 am however, gives you a chance to case the two banks HDFC Bank and ICICI Bank for a new run and Yes and Kotak to fight for that mid cap pie as they treble their deposit bases to become viable before the new generation banks grow into viable competition.

Consumer spend plays again rely on Airtel and the India’ economy again will not become a tireless skyscraper for DLF itself so the weak moves in the Alternate bucket reserve as the blue chips of this rally idle when the market tried to move with Axis Bank since seen as overbought at below 1200 itself or the continuing return of TaMo after the battle of Sanand and the battle of inventories not to mention the moving on of CE Ratan Tata.

The lack of clarity in healthcare plays as the Dollar driven scrips become a crowd show the rare space when speculators are having a field day and probably the entire half dozen of scrips where sell side domestic research ccan still count. Consumer spend and Domestic Pharma markets are likely set to break out of the hardly $7-8 B market they make in the branded sector finally for both FDI (Retail) and good old

Jyoti Basu (8 July 1914 – 17 January 2010) or ...
Jyoti Basu (8 July 1914 – 17 January 2010) or Jyotirindra Basu was an Indian politician belonging to the Communist Party of India (Marxist) from West Bengal, India. He served as the Chief Minister of West Bengal from 1977 to 2000, making him the longest-serving Chief Minister of any Indian state. This photograph was taken at Science City, Kolkata on traditional 35 mm film; the negative was scanned by Nikon scanner after 10 years. It is a little cropped image. (Photo credit: Wikipedia)

proliferation(domestic/ price control/insurance/diabetes cure/cancer drug availability spread) reasons

8 thoughts on “India Morning Report: A Hindi speech for another wannabe and more such stable tenets of Indian realism.

  1. The tightly regulated Indian banking sector has been one of the better performers during the bull rally. It forms one of the strong pillars that supports the India growth story. The competition and service standards of private sector banks have helped to improve the outlook of PSU banks towards customers from ‘doing a favour’ mode to ‘providing a service’ mode.

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