Satyam got the nod to sell 51% to a new partner. Hearing this news the shares rose by 19% by the end of the day to reach 42. It might rise further if there is a strong contender for buying this share. Anyway, it will be a risk now to buy these shares as the value of the company has degraded a lot in the last couple of months.
Following the RBI rate cuts, SBI today reduced interest rates by quarter percent. This is likely to be followed by other banks. The shares of SBI are available at a very low price of 925-950. For long term investors is a very good time to invest in shares like SBI. This bank has very good potential and is one of the biggest banks in India. Recently SBI also overtook citibank in the amount of deposits the bank has. All the banking stocks are available at a low price now after their stocks started falling continuously in the last one week.
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