Geodesic & RIL update

Geodesic declared dividend of 40% on face value of Rs.2 on 29 August,2009.
Geodesic to acquire a communication & social networking company. Share reaches Rs. 125.
SC issues notice to RIL in duty evasion case. Share plummets by 66 points to Rs. 2004.

Scenario 26 Aug 09: 1987 Black Monday Crash

http://www.stock-market-crash.net/1987.htm
http://en.wikipedia.org/wiki/Black_Monday_(1987)#Causes

Interest Rate futures from Monday

NSE has allowed trading of interest rate futures from Monday.

Geodesic closed at 126.75 on 21 August,09

On Friday, 21 August,09, Geodesic [provider of mobile and desktop solutions for instant messaging, VoIP and Internet radio] reached high of 134 & closed at 126.75. I had bought this share at Rs. 126.8 on 26th May,09. It was down throughout this intermeddiate period, but it is up again.
Reasons might be-
1) overall economic outlook is positive again.
2) News of board meeting of geodesic on August 28, 2009. Dividend policy of company will also be decided in meeting.
3) National ID Project, National Rural Employment Guarantee Act increasing demand of its Simputers.
http://www.medianama.com/2009/08/223-q1-10-geodesic-call-plans-retail-voip-with-spokn-simputer-resurrection/

scenario 19Aug09

If mining is not allowed at some places by central government, prices of that metal will go up, whereas prices of stock of mining company for that metal will go down.

Hindalco plummetted today

It was good decision to sell Hindalco after it reached 110. It plummetted today, appearantly for no reason. It reached 100 mark today. Sensex plummetted by 627 points & it is 14785 today.

Profit on Hindalco

I had bought hindalco at rs.103 & sold it today for 110.65. Overall gain of Rs. 6.44 after brokerage & taxes are deducted in 2months. I had purchased stock on 12June,09 & sold on 14August,2009. So return of 6.44 on investment of 103 in 2months. i.e. ROI of 37.5%
Market got boost due to increased IIP numbers (Index of Industrial Production numbers) & release of draft of DTC (Direct Tax Code) & Germany, France registering 0.3% GDP growth.

I thought that this is right time to sell, because this is just positive queue & no measure improvement as such. One negative news... or even .... fear of bad monsoon affecting agri-production getting stronger; the market goes down again. So, it was profitable move ... overall.

RIL is trying to turn the tide towards itself, using its political contacts.... as I had expected & Anil Ambani is pulling his hair over it. I believe that RIL will bounce back soon. If not that... it will certainly not fall below this level. Geodesic needs to perform well quarter-on-quarter basis. I need to be more patient with Geodesic. It is investment, not trading.
Airtel has hit rockbottom. Currently trading at around Rs.450. I had sold it at Rs.894. It was good decision to sell at that time. :)
I AM HAPPY! :)

scenario 7aug,09

Markets fell a little over 2% when it was rumoured that an Australian institution initiated short positions in Nifty futures worth over Rs. 100 Crore after 2pm.
Bank union strike->thin volume in bond market