DNH Financial said yesterday there has been a significant pick up in net foreign purchases and this augurs well for the stock market as well as the economy overall.
“Net foreign buying has positively surprised rising to Rs. 27 billion on an YTD basis. Encouraged by a weaker Rupee and healthy corporate results in select blue-chip stocks, foreign portfolio investors appear to be cherry picking fundamentally strong value and growth stocks that are likely to outperform on a consistent basis with relatively lower earnings and price volatility,” DNH said.
Taking into consideration the medium to longer term investment horizon of FIIs, DNH believes that foreign buying in domestic equities will accelerate this year, but on a highly selective basis encouraged by a weak rupee and positive growth prospects for the Bourse.
“Although we view investment opportunities mainly from a bottom-up perspective, at a macro level, we expect economic growth to continue notwithstanding our expectation of a rise in inflationary pressures due to cost push factors caused by the rupee depreciation and high oil prices, which will impact the balance of payments,” DNH Financial added.
source - www.ft.lk
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Everest Base Camp Trekking is found in Tibet & Nepal between the fences at an elevation of 5364m with Mount Everest both sides; the Nepal side has more natural beauty.
This is where true adventure begins…
This is one trip you don’t won’t to miss, & that’s why it’s aptly called the king of all trips. The journey begins with a flight to one of the highest landing airports in the world, & once we get off the twin otter, our eyes begin to take in the gigantic surroundings that stirs our emotions to the bone, as we sort out our equipment & the porters carry what has to be carried & our guides lead the way by the banks of the Dudh Kosi River. We clamber on our set trail through colorful villages as the panoramic scenery begins to take hold of us as we hike through farmlands & bump into the friendly sherpa folks, the local inhabitants of the ‘Khumbu’ {the original name of the Everest region}, known for their legendary climbing skills & warm welcoming nature; our walk soon brings us the the capital of the Khumbu, a thriving town called ‘Namche’, & this is where we get our first views of massive Everest & other silver grey peaks that literally stop the breath for a moment. Namche is the kind of town that will stun you for all the facilities it has within its boundaries, where you will find things not even available in the capital of Nepal, Kathmandu. Namche is the first outpost that gives you your first acclimatizing process which gets your body used to the higher elevations that come further on in the course of your trip.
As we haul up for a night in Namche, we begin to observe many other fellow trekkers having a good time, of which some are on their way up while some are on their way down.
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