Latest in the news that Anil Ambani is trying to woo investors who suffered huge loss on the day of listing of Reliance Power limited when it got listed, it got miserable response from the stock exchanges. Most hit were retail investors who lost around 11 percent of their investment and 15 percent or so for the other categories of investors. Now company is trying to give bonus issue at the next meeting on February 24 hoping to benefit more than coupla millions of investors all over the world.
Meanwhile, groping from the listing day woes, Reliance is now demanding the market regulator SEBI to look into market manipulation by its rivals to throttle down all ADAG stocks.
I see all the experts in the capital markets are very pessimistic about the market moving upward. What I have been observing for the last three weeks, it looks like market is taking the support to surge forward rather than getting resistance going downward. Despite good Indian economy and having good growth in all sectors, market movement should have been real boost for the India.
Let’s hope for good repeat on Monday since last weekend surge in the stock rally. I see going really good for metal and infra sector for this week ahead.
