EXACTLY AS PER OUR EXPECTATIONS MARKET CORRECTED VERY BADLY AFTER GIVING A POSITIVE OPENING YESTERDAY............
BARAK OBAMA'S VICTORY IS NOT A GOOD ENOUGH REASON FOR U.S. MARKETS, AS IT DOES NOT CHANGE THE FUNDAMENTAL PROBLEMS OF THE U.S. ECONOMY. THEY ARE EXPECTING NEW STIMULUS FOR THEIR ECONOMY VERY SOON.........
MARKET TO OPEN ON A WEAK NOTE AND FOLLOW OVERSEAS MARKETS' TRENDS..........
Delivery call
Buy Bank of India at current level
on Bank of India (BOI) in its November 6, 2008 research report. "Bank Of India reported phenomenal growth of 79% yoy in its net profit at Rs 763 crore, while 36% growth on sequential basis. This profit is driven by 38% rise in NII and 23% rise in non interest income. Being one of the larger PSU banks, BOI is able to witness strong financial growth driven by improvement in all business parameters. Comfortable level of CASA, acceptable asset slippage level and ROA above 1.5% are the key indicators of consistent performance by the bank.
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