Stock Trading Tips, Analysis & News

On friday Gold hit record price of 14400 on MCX. It seems like investors are bullish on gold as it is comparatively safer than stock market investment. I think market can go down from here as peoples are withdrawing money from share market and investing into gold. The same thing was happened in Nov 2008 when market marked its low 7500 level on the eve of Diwali & Gold was moving up.

Now Hinduja has joined race for Satyam.The group has sent a formal communication to the investment bankers of Satyam expressing its interest in Hyderabad-based software exporter… Hinduja Global Solutions, the new industry arm of the Hinduja Group, has $130 million of cash in books to mount the takeover bid. “If a proper and transparent bidding process is followed, we are definitely interested in Satyam.

I think this news can boost Satyam share at beginning on Monday trade..But I am waiting for SEBI’s meeting on 2nd FEB, in which they likely to take decision about Open Offer price.

Meanwhile some newspapers like Loksatta continuously publishing negative news about Satyam from first day. I suspects about theirs attitude. In Loksatta past few days a news was published that “Satyam is involved in efraud” and Today they published that people says SEBI should delist Satyam or stop trading on Satyam as many companies are joining race for Satyam to increase their share value only. Really funny newspaper though it is major one among Marathi peoples. It seems like they are publishing such news on behalf of infosys, they are advocating infosys. If you get a chance then complain against this negative campaign.

Satyam down today due to F & O expiry but investors done need to be panic..Investors can hold their positions because something happening at this counter.

1) Recent news is that B K Modi-led Spice group keen to buy Satyam. The spice group has given a letter of expression of interest for the company. Prior to this, L&T has also given a letter expressing their interest in taking over the company.

The Spice group recently sold their telecom business and is looking for some new business to enter. The official said that the group is in the businesses of entertainment, BPO, IT, retail and mobile handset. The source, however, declined to comment on present holding of Spice group in Satyam.

2) SEBI is going to take decision about Open Offer rate by 2nd FEB..

3) Satyam’s government-appointed board and senior employees were reaching out to customers to stop them from joining State Farm Automobile Insurance in cancelling contracts, Tarun Das told a news channel on Thursday.And in addition they were pushing clients to expand their business with Satyam while chasing new contracts.