Why don't you look at Nikon P7700?
You will get much better picture quality, lots of manual controls and fast operation at the expense of zoom.
I think it is a great deal at 22K
@aadi007: Actually I am looking for a bridge camera with great zoom, manual control, good picture quality and most importantly no lenses to carry. I think Canon SX50 HS fits my requirements perfectly (almost).
@nac: Thanks for your feedback. I am planning to buy it within one week. Till then I will look for some good deals online as well as on stores.