Market Watch

If at all there is one segment that gains immediately from Governor Raghuram Rajan's monetary policy, it will be savers.

A deposit war among banks is likely as the Reserve Bank of India frees up the interest rate payment option to depositors at less than a quarterly interval, which will allow banks to woo depositors with a little extra payment, even without raising interest rates. This comes above the key interest rate increase, which could raise the return on bank deposits.

The option may put marginal pressure on banks, which have already been facing strains on

Havells is hovering around 753. Our call given in the morning. 

Check this:

http://www.growyourmoney.in/market-watch/stocks-update---3th-oct

Havells is also recommended in our long term stocks.

Enjoy and Grow Your Money.

The BSE benchmark Sensex today regained psychological 21,000 level by surging over 100 points in early trade on heavy fund inflows in realty, banking and auto sectors amid a firming trend in the Asian region.

The 30-share index, which had gained 358.73 points in the previous session, shot up by 100.25 points, or 0.48 per cent, to trade above 21,000 level at 21,029.26.

The wide-based National Stock Exchange index Nifty rose by 30.00, or 0.48 per cent, to 6,250.90.

Brokers said sentiments buoyed on hopes of liquidity enhancement after the RBI cut the margin

Buy Havells at 709 -710 for target of 720-725 with stop loss of 703.

Buy Clariant Chemicals at 567 -568 with target of 580-582 will stop loss of 560.

Buy ICICI banlk at 1093-1095.5 with target of 1110 with stop loss of 1085-1089

Talk about a degree that gives you bang for your buck.

Kristoffer Koch was writing a thesis on encryption in 2009 when he used about $27 to buy 5,000 bitcoins.

Life went on, and he forgot about his investment until bitcoin’s wild price swings earlier this year resulted in a slew of articles about bitcoin.

Bitcoin is a virtual currency that isn’t controlled by a central bank. Instead, bitcoins are created through a process called mining, in which a computer tries to solve a cryptographic problem. The total supply of bitcoins is capped, which ha