Tag: Stock market

Dean Kim sees next Nifty support at 2% below current levels

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Dean Kim, Head of Global Research Product, William O’Neil + Co. predicts Nifty’s next crucial support level at its 100 day moving average (DMA), which is about 2% below the current level of 22,125.

The resistance is at 21-DMA, which is 1% higher than current levels, he told CNBC-TV18.

While Kim remains constructive on India, he has downgraded Japan and South Korea.

“All the other major Asian countries are under pressure including India. But at least in India, you are finding some support at the 50-DMA,” he added.

Among sectoral bets, Kim sees a lot of interesting names in basic material, and capital equipment.

“I am looking at BASF, Solar Industries, Steel Authority of India Ltd (SAIL), Zen Technologies and so on,” he said.

Also Read | Vodafone Idea CEO outlines subscriber retention strategies and more | Q&A

Auto equipment makers Sona BLW Precision, Shriram Pistons and Rings, Indo Count, Finolex Industries, and some select financial names like Muthoot Finance, Central Depository Services (CDSL) and PFC are also looking attractive from an early-stage breakout, he added.

He believes in large-cap tech names, one may stay with Tata Consultancy Services (TCS) versus Infosys at the moment.

“TCS is consolidating for the moment, so maybe wait for a breakout from the base. Infosys, on the other hand, looks fairly vulnerable. It is below the 200-DMA and looks like it must go lower, so I would be careful with Infosys,” he said.

Also Read | Trade Setup for April 18: Midcaps, Smallcaps offer some hope as Nifty grinds lower

Infosys will announce its results for the January to March 2024 quarter on April 18 after its peer TCS kicked off the Nifty 50 earnings last week.

A CNBC-TV18 poll of analysts suggests that India’s second-largest IT services company is likely to witness a revenue decline for the second quarter in a row while margin and profit shall increase marginally.

The guidance it gives for the 2024-25 fiscal year will be key to track.

For more, watch the accompanying video

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Asian stocks rangebound at open, tech in focus

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Asian stocks were mixed at the open after US shares extended their losing streak to the longest since January.

Japanese stocks fell from the start of trade while Australian and South Korean equities rose. Equity futures in Hong Kong indicate early losses while similar contracts in China gained. US futures were little changed after the S&P 500 fell for a fourth day Wednesday, extending declines from last week’s record high to more than 4%.

Asian chipmakers such as Taiwan Semiconductor Manufacturing Co., which reports earnings later Thursday, and Tokyo Electron Ltd. will be closely watched in early trading. Europe’s most valuable tech firm ASML Holding NV said Wednesday orders tumbled in the first quarter, and its China sales are likely to be hampered by US export control measures. Nvidia Corp. led losses in US megacaps.

ASML’s earnings are “a little bit of a warning shot across the bow ahead of some of the megatech stocks which are reporting next week,” said Tony Sycamore, a market analyst at IG Australia in Sydney. “There could be a little bit of nerves creeping into semiconductor stocks. Anything with that semiconductor exposure, it’s going to be a pretty tough day.”

Meantime, Micron Technology Inc., the largest US maker of computer-memory chips, is poised to get more than $6 billion in grants from the Commerce Department to help pay for domestic factory projects, according to people familiar with the matter. It’s part of an effort to bring semiconductor production back to American soil.

Investors have been increasingly skeptical about how much further US stocks can go after their 10% rally in the first quarter — the strongest start to a year since 2019. The latest pullback takes place even as US data point to continued strength in the economy.

Just a day after Jerome Powell threw cold water on rate-cut bets, dip buyers emerged in the Treasury market, with two-year yields dropping further below 5% and a $13 billion sale of 20-year bonds drawing solid demand. The benchmark 10-year Treasury yield was steady in Asian trading.

“The US central bank remains on track to cut rates twice this year, most likely starting at its September meeting,” said Solita Marcelli, chief investment officer for the Americas at UBS Group AG’s wealth management unit. “This means the return outlook for quality bonds remains positive and attractive, and that recent losses in fixed income are likely to be temporary.”

The dollar was little changed in Asia after falling for the first time in six days Wednesday as officials in Japan and Korea continued to express concern over the declines in their currencies. The yen has fallen almost 9% and the won has dropped roughly 7% this year against the dollar.

The equity risk premium for US equities — a measure of the differential between stocks and bonds’ expected returns — is now deep in negative territory, something that hasn’t happened since the early 2000s.

While this isn’t necessarily a negative indicator for the stock market, it all depends on the economic cycle. The lower premium can be seen as a promise of a future boost in corporate profits, but also that a bubble is in the making.

Fundamentals and technical trends for equity markets still appear supportive, suggesting the recent pullback should prove temporary, according to HSBC strategists led by Max Kettner.

“Sentiment and positioning are not flashing a warning signal, though real money investors have started to extend their constructive stance on equities lately, they wrote.

Elsewhere, oil held most of Wednesday’s 3% decline, weighed by weaker Chinese industrial data and as US crude inventories swelled, while gold edged higher.

Also Read: Trade Setup for April 18: Midcaps, Smallcaps offer some hope as Nifty grinds lower

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Stock Market Higlights | Nifty 50 ends at the lowest level in a month led by HDFC Bank, ICICI Bank

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Stock Market Highlights | Indian benchmark indices Nifty 50 and Sensex’s opening gains were short-lived today, as the second half witnessed a sharp downturn. The Nifty fell below the crucial 22,000 mark, concluding at its lowest level in a month. While 38 of the 50 Nifty constituents managed to end on a positive note, financials traded under pressure. Heavyweights like HDFC Bank, ICICI, Axis, and ITC Bank led the Nifty’s downward spiral. The Sensex plummeted by 455 points to 72,489, while the Nifty lost 152 points to close at 21,996. Bajaj Auto and Infosys were among the few stocks that ended positively ahead of their quarterly results.

Catch highlights here

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Stock market holiday: NSE, BSE to remain closed on April 17 for Ram Navami

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Leading stock exchanges Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain closed on Wednesday, April 17, on account of Ram Navami. Both currency and derivatives markets will also remain closed due to the public holiday.

Ram Navami is celebrated across the country to mark the birth of Lord Ram. It falls on the ninth day (Navami) of the Chaitra month, as per the Hindu calendar. The festive day generally corresponds to April on the Gregorian calendar.

Last week, on April 11, the stock markets were closed for Eid-Ul-Fitr (Ramadan Eid). Following this, there are no other trading holidays in April. With the two public holidays and the regular weekend shutdowns (Saturdays and Sundays), there are a total of 20 trading days in April.

Last week, the exchanges announced that the stock market will be closed on May 20 due to voting for the Lok Sabha elections 2024 in Maharashtra. The exchanges clarified that while the morning session, from 9 am to 5 pm, will remain closed, trading will resume for the evening session from 5 pm to 11:30 pm.

Previously, the only trading holiday scheduled for next month was on May 1, 2024, for Maharashtra Day. Overall, BSE and NSE have declared 15 holidays for the calendar year 2024.

The equity benchmark indices Sensex and Nifty continued to slump on Tuesday (April 16) dragged down by heavy selling in IT stocks amid weak global trends and fears of escalating tensions in the Middle East.

Continuing its downtrend for the third day running, the 30-share BSE Sensex tanked 456.10 points or 0.62% to settle at 72,943.68. During the day, it slumped 714.75 points or 0.97% to 72,685.03. The NSE Nifty declined 124.60 points or 0.56% to finish at 22,147.90.

From the Sensex basket, Infosys, IndusInd Bank, Bajaj Finserv, Wipro, HCL Technologies, Bajaj Finance, Tech Mahindra, Tata Consultancy Services, and Larsen & Toubro were the major laggards. Titan Company, Hindustan Unilever, HDFC Bank, Maruti, ITC, Power Grid and Reliance Industries were the gainers.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Lok Sabha Election 2024: These stocks may benefit if PM Modi wins a third term, as per PhillipCapital

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Analysts at PhillipCapital have shortlisted scores of stocks based on the promises in the Bharatiya Janata Party’s (BJP) manifesto for the upcoming Lok Sabha 2024 elections.

From Ambuja Cement to Tata Motors, from Gujarat Gas to Suven Pharma, a whole host of stocks feature in the list that spans from automobiles and cement to metals, real estate, financials, pharmaceuticals, hotels, and airlines.

The stocks, listed below, would benefit if the BJP-led National Democratic Alliance (NDA), wins the election and the new government keeps its promises.

While BJP’s election manifesto indicates policy continuity, there is greater scale, clarity, confidence, and rigour at play, said PhillipCapital in a note.

“We expect broad-based focus across sectors and segments over the next five years. Thus, we remain bullish on India’s economy and equities with a long-term perspective,” the brokerage said.

By financial year 2030, PhillipCapital expects India to be a $6.7 trillion economy and the benchmark Nifty 50 index to cross 40,000.

Here’s the list of stocks and sectors that are likely to benefit the most, as per PhillipCapital:

• Affordable housing (AH): Positive for lenders (HUDCO), metals (major steel players), NBFCs that give loans for affordable homes, and cement (UltraTech and Ambuja Cement).
• Tourism: Hotel stocks (Indian Hotels and other larger players), aviation (entire industry) and credit-card players
• Railway infrastructure (new and enhancement): Major steel players, APL Apollo, JTL, Hi-Tech Pipes.
• Electric Vehicles: Auto manufacturers (Tata Motors, TVS Motor) and NBFC (Shriram Finance, Sundaram Finance and Chola).
• Auto-part Suppliers: Samvardhana Motherson and Sona BLW.
• Mudra loan limit expansion: PSU Banks, Small Finance Banks and Micro Finance Institutions
• Working capital to MSME: Shriram Finance, Mas Financial Services and Bajaj Finance.
• Natural Gas: GAIL, Petronet LNG, IGL, Mahanagar Gas, Gujarat Gas, IRM Energy, Adani Total Gas along with pipe stocks like Welspun Corp, Maharashtra Seamless and Ratnamani Metals.
• Increase in Crop MSP: Tractor stocks like Escorts Kubota and M&M along with NBFCs like Mahindra & Mahindra Financial Services, Shriram Finance, Sundaram Finance and Chola Finance.
• Har Ghar Jal Scheme: Jindal Saw, Welspun Corp, Electrosteel Castings, Hi-Tech Pipes, JTL Industries, Surya Roshni and APL Apollo Tubes.
• Pharma (Boosting Manufacturing and Research capacities): Divi’s Laboratories, Syngene, Suven Pharma and Ami Organics.
• Rural Recovery:
  Major beneficiary – Dabur, Emami and Bajaj Consumer;
  Modest for HUL, Colgate and Britannia.
• PM e-Bus: Ashok Leyland, Tata Motors, JBM Auto and Olectra Greentech.

The Lok Sabha election, which begins on April 19, will be held in seven phase until June 1. Votes are due to be counted on June 4.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Asian stocks fall following Wall Street tech slump

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Asian stocks declined, tracking Wall Street shares lower, after the latest evidence of stubborn US inflation spurred bets the Federal Reserve will be in no rush to cut rates.

Equity benchmarks in Japan, South Korea and Australia were all in the red, while stock futures for Hong Kong slipped. Contracts for US shares declined in Asian trading after the S&P 500 erased earlier gains and fell more than 1% in a volatile session.

Treasuries steadied after bond yields jumped to new year-to-date highs on stronger-than-expected retail sales data. Oil edged higher as traders weighed Middle East tensions.

“Stocks began to violate uptrends and pull back,” said Craig Johnson at Piper Sandler. “Interest rates are expected to stay higher for longer. A more cautious and tactical approach is favored as earnings season gets underway.”

Investors will now turn their focus to China’s torrent of economic indicators Tuesday, including gross domestic product, retail sales and industrial production.

Elsewhere, the Japanese yen remained under pressure, having weakened overnight versus the dollar. Traders are on alert for any further declines and the increasing risk that authorities in Tokyo may intervene in the market to stem the drop.

“There are signs of some stress emerging in FX markets due to the strong dollar, the most conspicuous being the fall in the yen to another 34-year low,” said Kyle Rodda, senior market analyst at Capital.Com Inc. “It’s likely Japan’s Ministry of Finance will jawbone further if for no other reason, to lean against potential disorderliness in the yen,” he said.

Fear gauge

Volatility perked up, with the premium for one-month put options to protect against a pullback in US equities hitting the highest since October. Wall Street’s “fear gauge” — the VIX — hit levels unseen this year. The S&P 500 broke below 5,100, dropping to the lowest in almost two months. The tech-heavy Nasdaq 100 slid over 1.5%. Both gauges breached their 50-day moving averages — seen as a bearish signal by several chartists. Banks outperformed on a surprise profit from Goldman Sachs Group Inc.

Treasury 10-year yields spiked on Monday, while those on two-year notes came close to 5%. Bonds were also under pressure as JPMorgan Chase & Co. and Wells Fargo & Co. tapped the US high-grade bond market, the first in a likely parade of bond sales from banks after results.

US retail sales rose by more than forecast in March and the prior month was revised higher, showcasing resilient consumer demand that keeps fueling a surprisingly strong economy. As long as a robust labor market supports household demand, there’s a risk that inflation will become entrenched.

“If the S&P 500 is going to avoid its first three-week losing streak since last September, investors will need to move past concerns that rate cuts will be delayed because of sticky inflation,” said Chris Larkin at E*Trade from Morgan Stanley. “In the near-term, that could come down to the tone set by the first full week of earnings season, but geopolitical tensions in the Middle East remain a wild card.”

In commodities, West Texas Intermediate reclaimed its $85 mark on Monday — after briefly falling below it — and edged higher Tuesday in Asia. Top Israeli military officials reiterated the country has no choice but to answer Iran’s weekend attack. Gold was steady in early trading.

Also Read: Trade Setup for April 16: What next for the Nifty after shedding 500 points in two sessions?

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Stock Market Highlights | IT heavyweights drag Sensex, Nifty 50 lower, rupee ends at record low

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Stock Market Highlights | Indian benchmark indices Nifty 50 and Sensex witnessed a downward trend for the third consecutive session, for the first time in three months. The Sensex retreated by 456 points to 72,944, while the Nifty dropped by 125 points to 22,148. The Nifty Bank slipped by 288 points to 47,485, and the Midcap Index fell by 44 points to 49,237. The IT sector experienced significant pressure, with Nifty IT falling nearly 3%, dragging down all its constituents. Infosys emerged as the top Nifty loser, plummeting by 4% just ahead of its earnings report. LTIMindtree continued to witness top-level resignations, leading to a 3% decline in its stock. The rupee ended at a record low of 83.54 against the dollar.

Catch highlights here

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Andrew Holland says current market dip presents a good entry opportunity

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Andrew Holland, Chief Executive Officer of Avendus Alternate Strategies, does not see the minor dips in market as an overly negative sign. In fact, they could present good buying opportunities.

“It is a good time to dip back into the market. If you like the themes that you want to play for the next two to three years, these are the opportunities you get and continue to deploy money at this point,” he added.

Holland also shared his view on metals after the new US and UK sanctions that banned deliveries of any Russian supplies produced after midnight on Friday,

“Metals have performed very well and I think that will continue, particularly now that there’s sanctions going against Russia going forward. And we’ll see what the London Metal Exchange (LME) says. But that’s good for the likes of copper and aluminium going forward. The way to play it would be more aluminium, copper versus steel at this point,” he says.

Aluminium and nickel surged on the LME as traders responded to new US and UK sanctions.

The US and the UK imposed new restrictions on trading Russian aluminium, copper and nickel that will reverberate across global metal markets, in the latest bid to curb President Vladimir Putin’s ability to fund his war machine.

The rules prohibit the delivery of new supplies from Russia to the London Metal Exchange—where the global benchmark prices are set—as well as to the Chicago Mercantile Exchange.

Discussing the first January-March 2024 quarterly result, Holland said Tata Consultancy Services‘ (TCS) results were good when seen against the headwinds that the company were facing.

He sees a bottoming out here for the IT sector. “If TCS is a bellwether of what we can expect from other companies, I think there is still more interest towards this sector,” he said.

Also Read | K Krithivasan of TCS expects margins to sustain at current levels

In terms of the themes to watch out for post the general election 2024, he believes it is not going to change.

“Defence spending, renewable energy, railways, infrastructure – those are the big spending, the government’s going to do, and that has multiplier effects across many different industries,” he noted.

He is also positive on other themes such as premiumisation in the beverage market, leisure in terms of hotels and airlines, and the electronic manufacturing sector.

These sectors, he believes, have long runways of growth over the next two to three years. So the government is likely to enhance this and help in terms of spending on infrastructure, tourism, or the electronic manufacturing sector, in terms of production linked incentives (PLIs).

For more, watch the accompanying video

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Asian stocks edge higher as tech lifts US equities

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Equities in Asia advanced on Friday after a rally in the world’s largest technology companies drove a rebound in US stocks.

Japanese stocks rose while Australian shares were little changed and Hong Kong equity futures fell. US contracts were steady after the S&P 500 climbed Thursday while the tech-heavy Nasdaq 100 closed over 1.5% higher. A solid economy is expected to fuel a rise in profit growth for US companies — and strong margins from big tech will be a key driver.

Treasuries gained slightly in Asia after selling on Thursday pushed 10-year yields four basis points higher. US producer prices increased in March from a year earlier by the most in 11 months. Australian and New Zealand bonds faced selling pressure early Friday.

“It’s not going to be Federal Reserve rate cuts that drive the market going forward, rather it’s going to be earnings,” said George Ball, chairman of Sanders Morris. “Corporate earnings are much stronger than people have anticipated even in this elevated interest-rate environment.”

In Asia, the yen was steady after further weakness Thursday. Traders will be monitoring the currency once more as Japanese authorities warned that it will consider all options to combat weakness in the yen after it slumped to its weakest level against the dollar since 1990.

“Whether this involves currency intervention or not, we authorities are prepared for all situations all the time,” Masato Kanda, Japan’s top currency official, told reporters Thursday morning. Finance Minister Shunichi Suzuki later echoed that warning, telling reporters officials are watching currencies “with a high sense of urgency.”

Investors will also be closely watching the offshore yuan after it advanced against the greenback for a fourth time in five trading sessions. The strengthening follows support from the People’s Bank of China on Thursday.

Fewer rate cuts

While the latest PPI reading was constructive, investors should be prepared for fewer rate cuts this year — one or two — and for a first potential move not until the July meeting, according to Larry Tentarelli at Blue Chip Daily Trend Report.

“Although we understand the relief with which this report will be received, there is nothing very encouraging contained within it — and the best that can be said is that there was ‘no new bad news’ either,” said Michael Shaoul at Marketfield Asset Management.

Fed Bank of New York President John Williams said the central bank has made “tremendous progress” toward better balance on its inflation and employment goals, but added there’s no need to cut in the “very near term.” His Richmond counterpart Thomas Barkin said the US central bank still has work to do to contain price pressures and can take its time before cutting interest rates.

Earnings season in the US kicks into full swing Friday with a handful of US banks reporting. Wall Street projects S&P 500 members will show 3.8% annual growth in earnings per share for the first-quarter reporting period, data compiled by Bloomberg Intelligence show. Profits for the “Magnificent Seven” cohort — Apple Inc., Microsoft Corp., Alphabet Inc., Amazon.com Inc., Nvidia Corp., Meta Platforms Inc. and Tesla Inc. — are on course to rise 38% in the first quarter, according to BI.

Elsewhere in Asia, data set for release in the region includes industrial production in Japan, inflation in India and trade figures for China. The central bank of South Korea is due to deliver its monetary policy decision. Markets are closed in Indonesia, Thailand and Dubai.

In commodities, gold steadied in early Asian trading after climbing to a fresh record Thursday on the US inflation report. Meanwhile, oil edged higher Friday after a decline in the previous session as a swelling of US stockpiles overshadowed the possibility of an attack on Israel by Iran or its proxies.

Also Read: Trade Setup for April 12: Will the US inflation data spoil the Nifty party towards 23,000?

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Stock Market Highlights | Nifty 50, Sensex fall 1% each ahead of TCS Q4 announcement

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Stock Market Highlights | Indian benchmark indices Nifty 50 and Sensex closed under pressure today, driven by ongoing developments surrounding the India-Mauritius Treaty Amendment. Frontline indices witnessed a significant downturn, with both benchmarks experiencing a 1% fall, trailing behind broader market movements. Within the Nifty index, 43 out of 50 stocks slipped, with notable losers including Sun Pharma, Maruti, Titan, and Power Grid. TCS closed half a percent higher ahead of its earnings announcement.

Catch highlights here

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow