Exit Load abolished from Aug 1,2009

Hi,
it feels good to be back. :) I should keep writing more regularly. I shud keep learning regularly. Anyways.... this is to record on my blog that
1) Entry Loads will be abolished from Aug 1,2009 onwards. Hence, many funds have started new schemes with significant entry load in June09 before deadline & some r awaiting approval by SEBI. Investors shud not get carried away by low NAVs of them.
2) Cap on Exit Loads will also be put by SEBI.
I DID NOT UNDERSTAND: How staying invested for long time (3-5 yrs) will save exit loads?

NCDEX Knowledge Beareau Link

This link on NCDEX site gives the research reports of most of the important commodities in India & worldwide. Also take a look at the other links given in "Knowledge Beareau" tab.

Ashish Chugh & Ashwani Gujral

On CNBC-TV18,
on last 2 days, Chugh has recommended following stocks:
Nucleus software Atul Ltd Uflex Gulf Oil India & replaced 3 of them by:
Gwalior Chemicals Ahluwalia contracts Sunil Hightech
He had also recommended SRF.

Ashwani recommended:
Kalindee Rail Voltas Mphasis Patni & replaced 3 of them by:
Titagarh Wagons BEML Texmaco

Ashwani is very keen on rail stocks.

Hindalco & RIL

I bought Hindalco on the suggestion of Sudarshan Sukhani. Though, I felt like I did a mistake, he is bullish abt it even now. He has revised target from 115 to 105 now. S P Tulsian feels that demand for non-ferrous metals is on rise & Hindalco has reached its bottom. For ferrous metal companies margin is on decline.
So it wasn't a bad step really.

As it was expected; NTPC has issued a statement that it is ready to buy gas at $4.2 per mmBtu from non-controversial plants and this has led to increase in RIL share prices.

useful link explaining standalone vs consolidated

This link explains in detail, the difference between standalone & consolidated financial results.
I have left comment appreciating the effort.
Minority Interest is explained very well on investopedia.

hindalco

I bought hindalco at Rs.103 after one of the analysts on cnbc tv18 said that it is expected to touch 115 soon. I shouldn't have done that just because some1 said that & the market was dominated by bull.
I expect a rally before the budget when I will sell the stock.
Keeping an eye on Cu & Al futures will also help predict the movement of this stock.

RIL & RNRL case

A division bench of the Bombay High Court today asked Mukesh Ambani-promoted Reliance Industries (RIL) to sell natural gas to Reliance Natural Resources (RNRL), an Anil Ambani group company, at $2.34 per million British thermal units (mBtu), which is 44 per cent lower than the price fixed by the government.
Price of RIL tumbled down by 7.48% to Rs. 2180.45, while I had bought it at Rs.2201. I thought that as sensex is down by 2.38%, which is much smaller than drop in RIL shares; the markets might have over-reacted. RIL is too big to fall due to such kind of events and it will gather momentum by the time budget is presented (6th July tentatively). One analyst said that the drop in share price is just too big as compared to the dent the actual implementation will cause to company. Another article opined that there is no way that RNRL could sell the gas to other companies & its own power projects (esp. 7000 megawatt Dadri project) are still on the drawing board. So, RIL can just deny selling to RNRL for the moment. Other thing, RIL could move to company court or supreme court; thus delaying the implementation.
On the other hand, the case on deal of RIL with NTPC is highly likely to go against RIL after the verdict against RNRL is known.
JP Morgan has recommended 'overweight' on RIL.
I intend to sell RIL after it crosses 2230 mark.