Joined: 06/Sep/2006
Location: India
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Posts: 46
Posted: 29/Feb/2008 at 5:00pm
HEALTH
* Health allocation up 20%
* FY09 allocation for AIDS programme 9.9 bln rupees
* FY09 polio eradication drive allocation 10.42 bln rupees
* Rural health plan budget aid upped to 120.50 bln rupees
* 323 district hospitals taken up for upgrade in FY09
* Trained 462,000 personnel in National Rural Health plan
* 165.34 bln rupees allocation for health sector in FY09
CAN THIS RESULT IN ACTIVITY IN PHARMA SECTOR?PHARMA ALONG WITH IT CAN BE GOOD INVESTMENT FOR A PERSON WHO IS CONTRARION??
Can anybody let here know which of the pharma stocks are good pick at presnet level.
Thanks in advance.
Heard dhirenkumar from valueline research today, According to him market hasn't yet reacted to capital gains tax news as much as he expected. He is expecting the market to go down even more next week.
Joined: 13/Oct/2006
Location: India
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Posts: 3542
Posted: 29/Feb/2008 at 8:39pm
is he implying that all the short term players who have made money will sell before 31march inorder to avail the 10% tax and save 5%. then what about all the shortsellers wont they love to cover? ther are more shorts than longs in todays mkt
understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
Joined: 29/Dec/2007
Location: India
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Posts: 1283
Posted: 29/Feb/2008 at 9:35pm
Yes quite a few analysts voiced the same opinion that everybody would like to close positions (long and short) before 31st Mar to come under the old STCG rate.
Joined: 01/Jan/2006
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Posted: 29/Feb/2008 at 9:36pm
I thought Dhirendra Kumar talked about Mutual funds only. Tiger when you are expecting to make 50% in your short position would you mind paying an additional 5%. At least that is what the shorties are hoping.
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
Joined: 09/Feb/2007
Location: United States
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Posts: 1855
Posted: 29/Feb/2008 at 10:49pm
How long can someone keep a short position open ? If kept open for more than one year does it become long term gain/loss ? How is one year calculated ? 365 days ? calender year ? or accounting year ?
Be fearful when others are greedy and be greedy when others are fearful.
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