December 24, 2010
T20_24Dec2010
Global Markets
1. S&P 500 is surging ahead, indicators still positive – Expected to sprint. S&P Chart
2. Moody’s may downgrade Portugal’s A1 rating by 1 or 2 notches on growth concerns
3. Deutsche Bank US tax fraud deal opens floodgates
4. Record oil demand pressures OPEC to open taps; Winter woes start to haunt the economy
5. US dollar – Faces resistance @ $81, wil lit break above, makes a smart uptick over the last week Dollar Chart
6. Crude makes a smart uptrend on supply woes Oil Chart
7. Gold continues to glitter after taking support @ 50DMA Gold Chart
Economy
8. The food price index rose 12.13% while the fuel price index climbed 10.74% in the year to December 11, 2010
9. Onion prices in India dropped more than a 22% by mid-week after the federal government allowed duty-free imports
10. Year 2010 saw $66bn M&A action, notching up a gain of 200% over previous year
Indian Markets
11. Nifty makes a strong resistance at 5960, a break above this will see it safely land above 6000 levels Nifty Chart
12. FIIs did a profit-taking as the year ends with Rs. 2426 Cr (year-to-date); DIIs as usual differed from FIIs action and invested ~ Rs. 1159 Cr (year-to-date)
Sectors
13. India could decide to raise diesel and cooking gas prices at a ministerial meeting on December 30, 2010
14. RBI urges banks to keep lending to microfinance firms
15. Indian pharmaceuticals market looks poised to grow to $55 billion in 2020, according to a new McKinsey & Company report
16. After reporting a 27.3% rise in domestic automotive sales in the first half of the current financial year, the Society of Indian Automobile Manufacturers (Siam) expects growth in the domestic market to close at 18-20% for the entire year
17. Profitability of south-based real estate companies will remain subdued in the next quarter as under-construction projects will take some more time to be recognized in the balance-sheet of these companies
Stocks
18. JSW Steel to buy Ispat stake for Rs 2,157cr JSW Steel Chart
19. SAIL loses sheen on buzz of lower FPO price band SAIL Chart
Quotes
20. "If past history was all there was to the game, the richest people would be librarians." - Warren Buffett
1. S&P 500 is surging ahead, indicators still positive – Expected to sprint. S&P Chart
2. Moody’s may downgrade Portugal’s A1 rating by 1 or 2 notches on growth concerns
3. Deutsche Bank US tax fraud deal opens floodgates
4. Record oil demand pressures OPEC to open taps; Winter woes start to haunt the economy
5. US dollar – Faces resistance @ $81, wil lit break above, makes a smart uptick over the last week Dollar Chart
6. Crude makes a smart uptrend on supply woes Oil Chart
7. Gold continues to glitter after taking support @ 50DMA Gold Chart
Economy
8. The food price index rose 12.13% while the fuel price index climbed 10.74% in the year to December 11, 2010
9. Onion prices in India dropped more than a 22% by mid-week after the federal government allowed duty-free imports
10. Year 2010 saw $66bn M&A action, notching up a gain of 200% over previous year
Indian Markets
11. Nifty makes a strong resistance at 5960, a break above this will see it safely land above 6000 levels Nifty Chart
12. FIIs did a profit-taking as the year ends with Rs. 2426 Cr (year-to-date); DIIs as usual differed from FIIs action and invested ~ Rs. 1159 Cr (year-to-date)
Sectors
13. India could decide to raise diesel and cooking gas prices at a ministerial meeting on December 30, 2010
14. RBI urges banks to keep lending to microfinance firms
15. Indian pharmaceuticals market looks poised to grow to $55 billion in 2020, according to a new McKinsey & Company report
16. After reporting a 27.3% rise in domestic automotive sales in the first half of the current financial year, the Society of Indian Automobile Manufacturers (Siam) expects growth in the domestic market to close at 18-20% for the entire year
17. Profitability of south-based real estate companies will remain subdued in the next quarter as under-construction projects will take some more time to be recognized in the balance-sheet of these companies
Stocks
18. JSW Steel to buy Ispat stake for Rs 2,157cr JSW Steel Chart
19. SAIL loses sheen on buzz of lower FPO price band SAIL Chart
Quotes
20. "If past history was all there was to the game, the richest people would be librarians." - Warren Buffett
December 17, 2010
T20_16Dec2010
Global Markets
1. S&P 500 is surging ahead, indicators still positive – will it continue to sprint? S&P Chart
2. US Senate Democrats and Republicans, in a rare display of bipartisanship, headed towards passing President Barack Obama s sweeping deal to extend expiring tax cuts for millions of Americans.
3. US dollar – Moves down from the strong resistance levels of 81.73, momentum still negative Dollar Chart
4. Crude consolidating at 88-90 range, may rises further on supply woes Oil Chart
5. Gold at 1400 level , rise above 1431 is expected on weak dollar Gold Chart
Economy
6. IIP at 12.5% vs 9.1% (MoM) – Numbers took the street by surprise, lifted the spirits of a flailing market
7. 10-year yield seen between 8.05-8.10%
8. Wholesale price index rose 7.48% in November compared with 8.58% in October: Expectations rife that rate hikes likely over the next quarter as well
9. Advance tax payments for the quarter ending Dec, 2010 hits a new high
10. India has rejected the proposed free trade agreement with China: India already has large trade deficit with China; currently accounts for 11% of China’s exports while China accounts for only 6.5%
Indian Markets
11. Nifty makes a strong resistance at 5960, a break above this will see it safely land above 6000 levels Nifty Chart
12. FIIs Net Sale in Indian equities is -3,598.31 and DIIs net buy is 1,929.55
Sectors
13. Oil Prices are hiked by Rs.2.96/lt – Oil stocks begin to buzz on this backdrop
14. Banks likely to face pressure ahead of RBI quarterly review scheduled on 16 Dec, 2010
15. Power sector may see $1 billion PE inflows in six months
16. Cement industry's despatch for Nov'10 has declined by 2.9% and for YTD (Apr'10-Nov'10) increased by 5.8% on yoy. Cement prices have started softening in most of the regions and gone down by around Rs 10-25/bag.
Stocks
17. IFCI inc. stake in TFCI to 37.36%, looking for taking majority control. IFCI Chart
18. SCI slips below its FPO price of Rs. 140 SCI Chart
19. Wipro looking to acquire companies in Latin America and Africa Wipro Chart
Quotes
20. “Operations for profit should be based not on optimism but on arithmetic.”- Benjamin Graham
1. S&P 500 is surging ahead, indicators still positive – will it continue to sprint? S&P Chart
2. US Senate Democrats and Republicans, in a rare display of bipartisanship, headed towards passing President Barack Obama s sweeping deal to extend expiring tax cuts for millions of Americans.
3. US dollar – Moves down from the strong resistance levels of 81.73, momentum still negative Dollar Chart
4. Crude consolidating at 88-90 range, may rises further on supply woes Oil Chart
5. Gold at 1400 level , rise above 1431 is expected on weak dollar Gold Chart
Economy
6. IIP at 12.5% vs 9.1% (MoM) – Numbers took the street by surprise, lifted the spirits of a flailing market
7. 10-year yield seen between 8.05-8.10%
8. Wholesale price index rose 7.48% in November compared with 8.58% in October: Expectations rife that rate hikes likely over the next quarter as well
9. Advance tax payments for the quarter ending Dec, 2010 hits a new high
10. India has rejected the proposed free trade agreement with China: India already has large trade deficit with China; currently accounts for 11% of China’s exports while China accounts for only 6.5%
Indian Markets
11. Nifty makes a strong resistance at 5960, a break above this will see it safely land above 6000 levels Nifty Chart
12. FIIs Net Sale in Indian equities is -3,598.31 and DIIs net buy is 1,929.55
Sectors
13. Oil Prices are hiked by Rs.2.96/lt – Oil stocks begin to buzz on this backdrop
14. Banks likely to face pressure ahead of RBI quarterly review scheduled on 16 Dec, 2010
15. Power sector may see $1 billion PE inflows in six months
16. Cement industry's despatch for Nov'10 has declined by 2.9% and for YTD (Apr'10-Nov'10) increased by 5.8% on yoy. Cement prices have started softening in most of the regions and gone down by around Rs 10-25/bag.
Stocks
17. IFCI inc. stake in TFCI to 37.36%, looking for taking majority control. IFCI Chart
18. SCI slips below its FPO price of Rs. 140 SCI Chart
19. Wipro looking to acquire companies in Latin America and Africa Wipro Chart
Quotes
20. “Operations for profit should be based not on optimism but on arithmetic.”- Benjamin Graham
December 09, 2010
T20_07Dec2010
Global Markets
1. S&P bounces back from the support level, indicators still positive further rise expected S&P Chart
2. US dollar – Moves down from the strong resistance levels of 81.73, momentum still negative Dollar Chart
3. Crude rises further on supply woes Oil Chart
4. Gold rises and rallies further on falling dollar Gold Chart
Economy
5. Food inflation at 18-month low of 8.6%
6. FII inflows touch record US$39bn in 2010
7. Exports grow by 21.6% in October
8. Q2 GDP nos set pace for 9% growth, farm sector robust
9. Core growth hits 7-month high at 7% in Oct
Indian Markets
10. Nifty makes a strong resistance at 6064, momentum still positive Nifty Chart
11. FIIs continue on a buying spree, bought share worth a net Rs 1571.2 cr Month to date; Domestic funds bought shares worth a net Rs 3114.5 cr – MTD
Sectors
12. ITC, Godfrey Phillips stop cigarette production
13. Auto sales continue to soar in Nov
Stocks
17. JSW Steel plans to increase number of its retail outlets JSW Steel Ltd Chart
18. TCS launches first BPO centre in the Philippines TCS Chart
19. R-Power to double Rosa capacity, invests another Rs. 6,000 cr RPower Chart
17. Ranbaxy gets US nod for Alzheimer s drug Ranbaxy Chart
18. Mastek buys assets of SEG Software Mastek Chart
19. Apollo to sell 49% in Pharma chain unit Apollo Hosp Chart
Quotes
20. "If past history was all there was to the game, the richest people would be librarians." - Warren Buffett
1. S&P bounces back from the support level, indicators still positive further rise expected S&P Chart
2. US dollar – Moves down from the strong resistance levels of 81.73, momentum still negative Dollar Chart
3. Crude rises further on supply woes Oil Chart
4. Gold rises and rallies further on falling dollar Gold Chart
Economy
5. Food inflation at 18-month low of 8.6%
6. FII inflows touch record US$39bn in 2010
7. Exports grow by 21.6% in October
8. Q2 GDP nos set pace for 9% growth, farm sector robust
9. Core growth hits 7-month high at 7% in Oct
Indian Markets
10. Nifty makes a strong resistance at 6064, momentum still positive Nifty Chart
11. FIIs continue on a buying spree, bought share worth a net Rs 1571.2 cr Month to date; Domestic funds bought shares worth a net Rs 3114.5 cr – MTD
Sectors
12. ITC, Godfrey Phillips stop cigarette production
13. Auto sales continue to soar in Nov
Stocks
17. JSW Steel plans to increase number of its retail outlets JSW Steel Ltd Chart
18. TCS launches first BPO centre in the Philippines TCS Chart
19. R-Power to double Rosa capacity, invests another Rs. 6,000 cr RPower Chart
17. Ranbaxy gets US nod for Alzheimer s drug Ranbaxy Chart
18. Mastek buys assets of SEG Software Mastek Chart
19. Apollo to sell 49% in Pharma chain unit Apollo Hosp Chart
Quotes
20. "If past history was all there was to the game, the richest people would be librarians." - Warren Buffett
November 30, 2010
T20_30Nov2010
Global Markets
1. S&P consolidates and takes a strong support at 1177 S&P Chart
2. US dollar – Makes a strong upward movement; momentum still positive Dollar Chart
3. Crude breaks the consolidation range and surges ahead; this is one commodity to watch out for! Oil Chart
4. Momentum still negative, only fair after the dream run it had Gold Chart
Economy
5. Forex kitty falls to $298 bn on foreign currency assets decline
6. Infra sector remains largest contributor to India’s GDP
7. Oct ’10 iron ore exports drop 30.4% year-on-year
8. FDI inflows rise 40% to US$2.11 bn in Sept ‘10
9. 4K cr loss to Guj farmers due to raw cotton export ban
Indian Markets
10. Nifty slides further, momentum still negative Nifty Chart
11. FIIs continue on a buying spree, bought share worth a net Rs 22,050.8 cr Month to date; Domestic funds bought shares worth a net Rs 15,355.2 cr – MTD
Sectors
12. Textile parks attract Rs.3,500 crore investment
13. Jewellery exports rise 38% in Oct
14. Fertiliser prices likely to go up on lower subsidy rates
15. Air traffic up 18.3% in October
16. Railways freight revenues up 8.4 % in October 2010
Stocks
17. Coal India H1 net rises 29% at Rs. 4,020 cr Coal India Chart
18. M&M inks SsangYong deal; buys 70% for US$463 m M&M Chart
19. MphasiS joins TWITCH in bn-dollar club Mphasis Chart
Quotes
20. "If past history was all there was to the game, the richest people would be librarians." - Warren Buffett
1. S&P consolidates and takes a strong support at 1177 S&P Chart
2. US dollar – Makes a strong upward movement; momentum still positive Dollar Chart
3. Crude breaks the consolidation range and surges ahead; this is one commodity to watch out for! Oil Chart
4. Momentum still negative, only fair after the dream run it had Gold Chart
Economy
5. Forex kitty falls to $298 bn on foreign currency assets decline
6. Infra sector remains largest contributor to India’s GDP
7. Oct ’10 iron ore exports drop 30.4% year-on-year
8. FDI inflows rise 40% to US$2.11 bn in Sept ‘10
9. 4K cr loss to Guj farmers due to raw cotton export ban
Indian Markets
10. Nifty slides further, momentum still negative Nifty Chart
11. FIIs continue on a buying spree, bought share worth a net Rs 22,050.8 cr Month to date; Domestic funds bought shares worth a net Rs 15,355.2 cr – MTD
Sectors
12. Textile parks attract Rs.3,500 crore investment
13. Jewellery exports rise 38% in Oct
14. Fertiliser prices likely to go up on lower subsidy rates
15. Air traffic up 18.3% in October
16. Railways freight revenues up 8.4 % in October 2010
Stocks
17. Coal India H1 net rises 29% at Rs. 4,020 cr Coal India Chart
18. M&M inks SsangYong deal; buys 70% for US$463 m M&M Chart
19. MphasiS joins TWITCH in bn-dollar club Mphasis Chart
Quotes
20. "If past history was all there was to the game, the richest people would be librarians." - Warren Buffett
November 17, 2010
T20_16Nov2010
Global Markets
1. S&P takes a U turn, goes into consolidation mode S&P Chart
2. US dollar – Breaks the resistance and heads north, takes support at moving averages Dollar Chart
3. Crude finally breaks down and heads down below $85 Oil Chart
4. Upward rally breaks Gold moves South Gold Chart
Economy
5. India has the capacity to absorb upto $70bn, further which it needs to worry of foreign inflows – especially US Federal Reserve’s move to buy $600 billion in government securities
6. RBI’s monetary policy has helped to bring down inflation to 9 month low of 8.58%
7. Forex reserves cross US$300 bn
8. Railways register 7.15% growth in freight loading in Oct 2010
9. September industrial output growth slows sharply to 4.4%
10. Food inflation eases to 12.3% on cheaper pulses
Indian Markets
11. Nifty takes a break after a steep bull rally Nifty Chart
12. FIIs continue on a buying spree, bought share worth a net Rs 21029.3 cr Month to date; Domestic funds bought shares worth a net Rs 6277.8 cr – MTD
Sectors
13. Tyre industry skids over stretching rubber prices
14. Security industry growing at 30% a year
15. Indian domestic car sales in October jump by 38%
16. Indian IT industry hails Obama’s outsourcing stand
Stocks
17. Heidelberg Cement is seeking to form joint ventures to secure coal supplies for a planned 12 billion rupee ($265 million) expansion Heidelberg Cement Chart
18. Ranbaxy Q3 net up 16.5% at Rs 312.8 cr Ranbaxy Chart
19. African safari weighs heavy on Bharti, net falls 27% to Rs1,661 cr Bharti Chart
Quotes
20. "If a business does well, the stock eventually follows." - Warren Buffett
1. S&P takes a U turn, goes into consolidation mode S&P Chart
2. US dollar – Breaks the resistance and heads north, takes support at moving averages Dollar Chart
3. Crude finally breaks down and heads down below $85 Oil Chart
4. Upward rally breaks Gold moves South Gold Chart
Economy
5. India has the capacity to absorb upto $70bn, further which it needs to worry of foreign inflows – especially US Federal Reserve’s move to buy $600 billion in government securities
6. RBI’s monetary policy has helped to bring down inflation to 9 month low of 8.58%
7. Forex reserves cross US$300 bn
8. Railways register 7.15% growth in freight loading in Oct 2010
9. September industrial output growth slows sharply to 4.4%
10. Food inflation eases to 12.3% on cheaper pulses
Indian Markets
11. Nifty takes a break after a steep bull rally Nifty Chart
12. FIIs continue on a buying spree, bought share worth a net Rs 21029.3 cr Month to date; Domestic funds bought shares worth a net Rs 6277.8 cr – MTD
Sectors
13. Tyre industry skids over stretching rubber prices
14. Security industry growing at 30% a year
15. Indian domestic car sales in October jump by 38%
16. Indian IT industry hails Obama’s outsourcing stand
Stocks
17. Heidelberg Cement is seeking to form joint ventures to secure coal supplies for a planned 12 billion rupee ($265 million) expansion Heidelberg Cement Chart
18. Ranbaxy Q3 net up 16.5% at Rs 312.8 cr Ranbaxy Chart
19. African safari weighs heavy on Bharti, net falls 27% to Rs1,661 cr Bharti Chart
Quotes
20. "If a business does well, the stock eventually follows." - Warren Buffett
November 10, 2010
T20_09Nov2010
Global Markets
1. S&P remains range-bound, corporate earnings season ends fruitfully S&P Chart
2. US dollar – Creates a double top pattern; is there a further downside round the corner? Dollar Chart
3. Crude consolidates, is it getting prepared for a significant breakout? Oil Chart
4. Gold dips and rises again; will another joy ride begin from here? Gold Chart
Economy
5. India & US weigh $10 bn infrastructure fund; countries sign preliminary accord on shale gas too
6. The Govt is likely to dilute its stake in IOC,SAIL & ONGC in Q1 next year
7. FII’s buying spree worries RBI - Capital flows reversal can be handled; open mkt operations a corrective step to get the preferred band of deficit
8. US to ease export curbs to India;seeks quid pro quo on trade (BSTD) US FED to buy $600bn treasuries to boost struggling eco
Indian Markets
9. Nifty goes berserk during diwali; makes a rocket like upward movement Nifty Chart
10. FIIs continue on a buying spree, bought share worth a net Rs 14650 cr Month to date; Domestic funds bought shares worth a net Rs 1557 cr – MTD
Sectors
12. Some banks may go slow on teaser home loans
13. Energy industry needs structural reforms to benefit from govt sops says FM Pranab
14. Gas pipeline tariff policy to skew industrialization; variable tariffs clash with gas utilization plan
14. Tyre industry seeks easing of import duty as rubber production slips
Stocks
15. Coal India lighted up street with 40% gains on debut; may soon be included in MSCI club
16. Glenmark may become first Indian firm with NCE (Novel Chemical Entry); could rake in over $ 80 mn Glenmark Chart
Quotes
17. "As long as we can make an annual 15 percent return on equity, I don't worry about one quarter's results." - Warren Buffett
1. S&P remains range-bound, corporate earnings season ends fruitfully S&P Chart
2. US dollar – Creates a double top pattern; is there a further downside round the corner? Dollar Chart
3. Crude consolidates, is it getting prepared for a significant breakout? Oil Chart
4. Gold dips and rises again; will another joy ride begin from here? Gold Chart
Economy
5. India & US weigh $10 bn infrastructure fund; countries sign preliminary accord on shale gas too
6. The Govt is likely to dilute its stake in IOC,SAIL & ONGC in Q1 next year
7. FII’s buying spree worries RBI - Capital flows reversal can be handled; open mkt operations a corrective step to get the preferred band of deficit
8. US to ease export curbs to India;seeks quid pro quo on trade (BSTD) US FED to buy $600bn treasuries to boost struggling eco
Indian Markets
9. Nifty goes berserk during diwali; makes a rocket like upward movement Nifty Chart
10. FIIs continue on a buying spree, bought share worth a net Rs 14650 cr Month to date; Domestic funds bought shares worth a net Rs 1557 cr – MTD
Sectors
12. Some banks may go slow on teaser home loans
13. Energy industry needs structural reforms to benefit from govt sops says FM Pranab
14. Gas pipeline tariff policy to skew industrialization; variable tariffs clash with gas utilization plan
14. Tyre industry seeks easing of import duty as rubber production slips
Stocks
15. Coal India lighted up street with 40% gains on debut; may soon be included in MSCI club
16. Glenmark may become first Indian firm with NCE (Novel Chemical Entry); could rake in over $ 80 mn Glenmark Chart
Quotes
17. "As long as we can make an annual 15 percent return on equity, I don't worry about one quarter's results." - Warren Buffett
November 04, 2010
T20_2Nov2010
Global Markets
1. S&P moves in a consolidation range, and expected to turn negative in coming trading sessions S&P Chart
2. US dollar – 78 levels comes with a very strong resistance, break out above this will set direction ahead Dollar Chart
3. Crude trades sideways, trading is range bound between 80 – 84 levels Oil Chart
4. After consolidation gold has risen and moves ahead after breaking the strong resistance levels of 1340 Gold Chart
Economy
5. Repo and Reverse hiked by 25bps
6. India ’s public debt rises 2.8% to Rs 28 Lakh cr
7. SEZ exports up 56% in Apr-Sep 2010-11
8. Food inflation falls sharply by 1.78% to 13.75% on improved supplies
Indian Markets
9. After a minor correction markets see a turnaround Nifty Chart
10. FIIs continue on a buying spree, bought share worth a net Rs 20983.70 cr Month to date; Domestic funds bought shares worth a net Rs 11252.5 cr - MTD
11. Gold has gained 2.5% since the end of Sep ’10
Sectors
12. Indian animation sector to grow at 20%: Study
13. Core sector growth dips to 2.5% in Sept
14. September infrastructure output up 2.5 per cent y/y
Stocks
15. Areva has Rs 13,300-crore plans for solar energy Areva Chart
16. Maruti sales jump 39% in Oct; posts record numbers Maruti Chart
17. Cairn India gains 4% on robust Q2 numbers Cairn Chart
18. R-Power places $8.3bn gear order R-Power Chart
19. Sterlite Q2 crawls up 5% Sterlite Chart
Quotes
20. “If past history was all there was to the game, the richest people would be librarians.” - Warren Buffet
1. S&P moves in a consolidation range, and expected to turn negative in coming trading sessions S&P Chart
2. US dollar – 78 levels comes with a very strong resistance, break out above this will set direction ahead Dollar Chart
3. Crude trades sideways, trading is range bound between 80 – 84 levels Oil Chart
4. After consolidation gold has risen and moves ahead after breaking the strong resistance levels of 1340 Gold Chart
Economy
5. Repo and Reverse hiked by 25bps
6. India ’s public debt rises 2.8% to Rs 28 Lakh cr
7. SEZ exports up 56% in Apr-Sep 2010-11
8. Food inflation falls sharply by 1.78% to 13.75% on improved supplies
Indian Markets
9. After a minor correction markets see a turnaround Nifty Chart
10. FIIs continue on a buying spree, bought share worth a net Rs 20983.70 cr Month to date; Domestic funds bought shares worth a net Rs 11252.5 cr - MTD
11. Gold has gained 2.5% since the end of Sep ’10
Sectors
12. Indian animation sector to grow at 20%: Study
13. Core sector growth dips to 2.5% in Sept
14. September infrastructure output up 2.5 per cent y/y
Stocks
15. Areva has Rs 13,300-crore plans for solar energy Areva Chart
16. Maruti sales jump 39% in Oct; posts record numbers Maruti Chart
17. Cairn India gains 4% on robust Q2 numbers Cairn Chart
18. R-Power places $8.3bn gear order R-Power Chart
19. Sterlite Q2 crawls up 5% Sterlite Chart
Quotes
20. “If past history was all there was to the game, the richest people would be librarians.” - Warren Buffet
October 27, 2010
T20_27Oct2010
Global Markets
1. S&P directionless and shows a range bound trading S&P Chart
2. US dollar – Turnarounds..moves up with a resistance at 78 levels Dollar Chart
3. Crude trades range bound between 80-84, a break out from this level will decide next course Oil Chart
4. Gold corrects from a high of 1380 levels, enters into consolidation mode Gold Chart
Economy
5. Another rate hike in the row
6. GDP growth expected to be in 8.25-8.75% range
7. Trade deficit narrows to 6-mth low in Sept
8. FDI inflows plunge by about 60% in August
Indian Markets
8. Markets corrects from high of ~3275 levels, momentum negative Nifty Chart
9. FIIs continue on a buying spree, bought share worth a net Rs 23866.8 cr Month to date; Domestic funds bought shares worth a net Rs 10710.6 cr - MTD
10. Gold has gained 1.54% since the end of Sep ’10
Sectors
11. Non-life insurers grow 23% in first half
12. IAF order worth Rs 250 cr to Indian industry
13. Cos mining scarce minerals to face curbs on concessions
14. Small green energy firms emerge hot buyout targets
16. Exports rise by 23% in September, highest in 2 years
Stocks
15. Wockhardt Hospitals to invest Rs.700 cr to double capacity Wockhardt Hospitals Chart
16. TVS Motor net zooms 123% TVS Motor Chart
19. UltraTech Q2 profit down 54% Ultratech Chart
Quotes
20. “If a business does well, the stock eventually follows” - Peter Lynch
1. S&P directionless and shows a range bound trading S&P Chart
2. US dollar – Turnarounds..moves up with a resistance at 78 levels Dollar Chart
3. Crude trades range bound between 80-84, a break out from this level will decide next course Oil Chart
4. Gold corrects from a high of 1380 levels, enters into consolidation mode Gold Chart
Economy
5. Another rate hike in the row
6. GDP growth expected to be in 8.25-8.75% range
7. Trade deficit narrows to 6-mth low in Sept
8. FDI inflows plunge by about 60% in August
Indian Markets
8. Markets corrects from high of ~3275 levels, momentum negative Nifty Chart
9. FIIs continue on a buying spree, bought share worth a net Rs 23866.8 cr Month to date; Domestic funds bought shares worth a net Rs 10710.6 cr - MTD
10. Gold has gained 1.54% since the end of Sep ’10
Sectors
11. Non-life insurers grow 23% in first half
12. IAF order worth Rs 250 cr to Indian industry
13. Cos mining scarce minerals to face curbs on concessions
14. Small green energy firms emerge hot buyout targets
16. Exports rise by 23% in September, highest in 2 years
Stocks
15. Wockhardt Hospitals to invest Rs.700 cr to double capacity Wockhardt Hospitals Chart
16. TVS Motor net zooms 123% TVS Motor Chart
19. UltraTech Q2 profit down 54% Ultratech Chart
Quotes
20. “If a business does well, the stock eventually follows” - Peter Lynch
October 20, 2010
T20_19Oct2010
Global Markets
1. S&P moves further but seems to enter into overheated region S&P Chart
2. US dollar – Indicators turning positive and hopes of turnaround strengthens Dollar Chart
3. Crude experiences a strong resistance at 84, further direction seems unclear Oil Chart
4. Gold makes a new high of $1382, commodity is overheated but no sign of reversal Gold Chart
Economy
5. India worried over its rising current account deficit
6. Disinvestment will bring in 40000 Cr by 2010-11; Coal India all set to make the biggest ever IPO debut
7. FDI inflow falls by 60% to USD 1.33 billion in August
Indian Markets
8. Turnaround has taken place…markets goes red Nifty Chart
9. FIIs continue on a buying spree, bought share worth a net Rs 19838.8 cr Month to date; Domestic funds bought shares worth a net Rs 13407 cr - MTD
10. Gold has gained 4.55% since the end of Sep ’10
Sectors
11. Animation industry likely to hit US$1 bn by 2012
12. Floods leave Pakistani textile firms in need of Indian cotton
13. Cement sales growth surges after three months
14. Indian auto sector may hit USD 12 billion exports in 2013-14
Stocks
15. Sesa Goa net up at Rs 388 cr Sesa Goa Ltd Chart
16. HDFC beats Street with 22% jump in Q2 profit HDFC Chart
Quotes
17. "It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction." - Warren Buffett
1. S&P moves further but seems to enter into overheated region S&P Chart
2. US dollar – Indicators turning positive and hopes of turnaround strengthens Dollar Chart
3. Crude experiences a strong resistance at 84, further direction seems unclear Oil Chart
4. Gold makes a new high of $1382, commodity is overheated but no sign of reversal Gold Chart
Economy
5. India worried over its rising current account deficit
6. Disinvestment will bring in 40000 Cr by 2010-11; Coal India all set to make the biggest ever IPO debut
7. FDI inflow falls by 60% to USD 1.33 billion in August
Indian Markets
8. Turnaround has taken place…markets goes red Nifty Chart
9. FIIs continue on a buying spree, bought share worth a net Rs 19838.8 cr Month to date; Domestic funds bought shares worth a net Rs 13407 cr - MTD
10. Gold has gained 4.55% since the end of Sep ’10
Sectors
11. Animation industry likely to hit US$1 bn by 2012
12. Floods leave Pakistani textile firms in need of Indian cotton
13. Cement sales growth surges after three months
14. Indian auto sector may hit USD 12 billion exports in 2013-14
Stocks
15. Sesa Goa net up at Rs 388 cr Sesa Goa Ltd Chart
16. HDFC beats Street with 22% jump in Q2 profit HDFC Chart
Quotes
17. "It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction." - Warren Buffett
T20_19Oct2010
Global Markets
1. S&P moves further but seems to enter into overheated region S&P Chart
2. US dollar – Indicators turning positive and hopes of turnaround strengthens Dollar Chart
3. Crude experiences a strong resistance at 84, further direction seems unclear Oil Chart
4. Gold makes a new high of $1382, commodity is overheated but no sign of reversal Gold Chart
Economy
5. India worried over its rising current account deficit
6. Disinvestment will bring in 40000 Cr by 2010-11; Coal India all set to make the biggest ever IPO debut
7. FDI inflow falls by 60% to USD 1.33 billion in August
Indian Markets
8. Turnaround has taken place…markets goes red Nifty Chart
9. FIIs continue on a buying spree, bought share worth a net Rs 19838.8 cr Month to date; Domestic funds bought shares worth a net Rs 13407 cr - MTD
10. Gold has gained 4.55% since the end of Sep ’10
Sectors
11. Animation industry likely to hit US$1 bn by 2012
12. Floods leave Pakistani textile firms in need of Indian cotton
13. Cement sales growth surges after three months
14. Indian auto sector may hit USD 12 billion exports in 2013-14
Stocks
15. Sesa Goa net up at Rs 388 cr Sesa Goa Ltd Chart
16. HDFC beats Street with 22% jump in Q2 profit HDFC Chart
Quotes
17. "It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction." - Warren Buffett
1. S&P moves further but seems to enter into overheated region S&P Chart
2. US dollar – Indicators turning positive and hopes of turnaround strengthens Dollar Chart
3. Crude experiences a strong resistance at 84, further direction seems unclear Oil Chart
4. Gold makes a new high of $1382, commodity is overheated but no sign of reversal Gold Chart
Economy
5. India worried over its rising current account deficit
6. Disinvestment will bring in 40000 Cr by 2010-11; Coal India all set to make the biggest ever IPO debut
7. FDI inflow falls by 60% to USD 1.33 billion in August
Indian Markets
8. Turnaround has taken place…markets goes red Nifty Chart
9. FIIs continue on a buying spree, bought share worth a net Rs 19838.8 cr Month to date; Domestic funds bought shares worth a net Rs 13407 cr - MTD
10. Gold has gained 4.55% since the end of Sep ’10
Sectors
11. Animation industry likely to hit US$1 bn by 2012
12. Floods leave Pakistani textile firms in need of Indian cotton
13. Cement sales growth surges after three months
14. Indian auto sector may hit USD 12 billion exports in 2013-14
Stocks
15. Sesa Goa net up at Rs 388 cr Sesa Goa Ltd Chart
16. HDFC beats Street with 22% jump in Q2 profit HDFC Chart
Quotes
17. "It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction." - Warren Buffett
October 13, 2010
T20_13Oct2010
Global Markets
1. S&P strongly moves after taking a strong support last week S&P Chart
2. US dollar expected to make a turnaround Dollar Chart
3. After many direction less trading sessions crude is now expected to head south Oil Chart
4. Gold makes a new high of $1360 but now the rally seems to be overheated, the same is seen in the trend Gold Chart
Economy
5. India’s Forex reserves up by $2.57 bn to $294.16 bn
6. IIP down to 15 month low, 5.6%
7. Sensex rallies further, has strong support from FII plus domestic buying
Indian Markets
8. Index shows a sign of overheating and a turnaround from high is expected Nifty Chart
9. FIIs continue on a buying spree, bought share worth a net Rs 13952.3 cr Month to date; Domestic funds bought shares worth a net Rs 16311.1 cr - MTD
10. Gold has gained 2.31% since the end of Sep ’10
Sectors
11. The shipping industry is sinking. It needs Rs. 55,000 cr for new ships
12. Pharma industry wary of EU commitment on seizure
13. Car sales up 30.4% in September
14. India’s telecom subscriber base reaches 670.60 million in August
Stocks
15. Exide Industries Q2 net up 9.4% Exide Industries Chart
16. CMC September quarter net up by 26% CMC Chart
Quotes
17. "Abnormally good or abnormally bad conditions do not last forever…” – Benjamin Graham
1. S&P strongly moves after taking a strong support last week S&P Chart
2. US dollar expected to make a turnaround Dollar Chart
3. After many direction less trading sessions crude is now expected to head south Oil Chart
4. Gold makes a new high of $1360 but now the rally seems to be overheated, the same is seen in the trend Gold Chart
Economy
5. India’s Forex reserves up by $2.57 bn to $294.16 bn
6. IIP down to 15 month low, 5.6%
7. Sensex rallies further, has strong support from FII plus domestic buying
Indian Markets
8. Index shows a sign of overheating and a turnaround from high is expected Nifty Chart
9. FIIs continue on a buying spree, bought share worth a net Rs 13952.3 cr Month to date; Domestic funds bought shares worth a net Rs 16311.1 cr - MTD
10. Gold has gained 2.31% since the end of Sep ’10
Sectors
11. The shipping industry is sinking. It needs Rs. 55,000 cr for new ships
12. Pharma industry wary of EU commitment on seizure
13. Car sales up 30.4% in September
14. India’s telecom subscriber base reaches 670.60 million in August
Stocks
15. Exide Industries Q2 net up 9.4% Exide Industries Chart
16. CMC September quarter net up by 26% CMC Chart
Quotes
17. "Abnormally good or abnormally bad conditions do not last forever…” – Benjamin Graham
October 08, 2010
T20_06Oct2010
Global Markets
1. S&P crosses significant milestone 1150 after a long consolidation S&P Chart
2. USD fails to find support; continues to spiral downwards Dollar Chart
3. Crude reaches crucial highs, post-which it makes a turnaround Oil Chart
4. Gold continues its rally further and makes a new high of $1340.60 Gold Chart
Economy
5. Tracking global markets, silver and gold prices rallied sharply in the early trade on the local bullion market
6. Oil may rise to the second highest annual levels by next year on demand from China, India & Brazil upsetting OPEC & recovery of developing nations
7. As per HSBC's Purchasing Managers' Index, there was an increase in services sector hiring, but job cuts by manufacturers left the employment rate unchanged in September, 2010
8. Indian Economy to grow by over 8.5% says Chief Statistician of India T C A Anant
9. Surging rupee increases exporters worry
Indian Markets
10. Markets have entered in a new trading range, making a high of 6145.80 Nifty Chart
11. FIIs bought share worth a net Rs 29196 cr MTD; Domestic funds sold shares worth a net Rs 7236 cr – MTD
12. Gold prices hit record high above Rs 43,400 per tola in the country after yellow metal touched highest ever price of $ 1,348 an ounce in international market
Sectors
13. Banks raise their base rates to 8.5%
14. Indian fertilizer demand expected to rise by 13%
15. Major hospitals under income tax survey on TDS compliance
16. Indian pharmaceutical market has shown growth of a little over 20% for the 12 months ended July, above four times the global growth rate of about 5%
17. Energy majors to enter LED manufacturing; scale-up could see technology breach price barrier
Stocks
18. Mahindra Satyam FY 10 loss at Rs. 124.6 Cr net sales at Rs. 5481 Cr Satyam Chart
19. Abbot India August quarter profit up by 7% to Rs. 23.9 Cr Abbot India Chart
Quotes
20. "Acknowledging what you don't know is the dawning of wisdom." - Charlie Munger
1. S&P crosses significant milestone 1150 after a long consolidation S&P Chart
2. USD fails to find support; continues to spiral downwards Dollar Chart
3. Crude reaches crucial highs, post-which it makes a turnaround Oil Chart
4. Gold continues its rally further and makes a new high of $1340.60 Gold Chart
Economy
5. Tracking global markets, silver and gold prices rallied sharply in the early trade on the local bullion market
6. Oil may rise to the second highest annual levels by next year on demand from China, India & Brazil upsetting OPEC & recovery of developing nations
7. As per HSBC's Purchasing Managers' Index, there was an increase in services sector hiring, but job cuts by manufacturers left the employment rate unchanged in September, 2010
8. Indian Economy to grow by over 8.5% says Chief Statistician of India T C A Anant
9. Surging rupee increases exporters worry
Indian Markets
10. Markets have entered in a new trading range, making a high of 6145.80 Nifty Chart
11. FIIs bought share worth a net Rs 29196 cr MTD; Domestic funds sold shares worth a net Rs 7236 cr – MTD
12. Gold prices hit record high above Rs 43,400 per tola in the country after yellow metal touched highest ever price of $ 1,348 an ounce in international market
Sectors
13. Banks raise their base rates to 8.5%
14. Indian fertilizer demand expected to rise by 13%
15. Major hospitals under income tax survey on TDS compliance
16. Indian pharmaceutical market has shown growth of a little over 20% for the 12 months ended July, above four times the global growth rate of about 5%
17. Energy majors to enter LED manufacturing; scale-up could see technology breach price barrier
Stocks
18. Mahindra Satyam FY 10 loss at Rs. 124.6 Cr net sales at Rs. 5481 Cr Satyam Chart
19. Abbot India August quarter profit up by 7% to Rs. 23.9 Cr Abbot India Chart
Quotes
20. "Acknowledging what you don't know is the dawning of wisdom." - Charlie Munger
September 30, 2010
T20_29Sep2010
Global Markets
1. S&P continues an uptrend amidst brief interruption S&P Chart
2. US dollar shows bearish signals as 50 EMA tries to cross below 200 EMA Dollar Chart
3. Crude holds on to 50EMA, a cross above the moving averages will create a definite direction Oil Chart
4. Gold continues its rally further and makes a new high of $1296.50 Gold Chart
Economy
5. India s Forex reserves up by $3.23 bn to $287.73 bn
6. India s external debt rose 16.5% from $224.5 billion in FY09 to $261.5 billion in FY10Food Inflation surges 15.10%, data based on new base yr, amended basket of items
7. Sensex floats above 20K levels on the back drop of strong FII buying; indicates robust economy
8. Logistic bottlenecks affecting GDP By 2%
9. Yield on 1yr T-bills hits 6.65%; high bank borrowing, rate hike concerns drive-up yields
10. Cement prices may rise by up to INR 20 from this week in Gujarat
11. Steel prices may go up by INR 1500 a tonne in the next few days to cash in on the pick-up in demand in the festive season
Indian Markets
12. Rally continues - but how long will it sustain? Nifty Chart
13. FIIs continue on a buying spree, bought share worth a net Rs 20899 cr Month to date; Domestic funds sold shares worth a net Rs 4128 cr – MTD
14. Bullion has gained around 19% this year; Gold appetite strong; monsoon, rupee lift demand
Sectors
15. Rising interest rate can play spoil sport for the auto industry
16. Cotton ginners across the country expect cotton production to hover around 35.5 million bales in 2010-11
17. Realty IPOs face perfect storm due to rising prices
Stocks
18. Zen mobile aims at 7 – 10% market share – will be launching more models Zen Tech Chart
19. EIH plans to raise up to 13 bn rupees through rights issue EIH Ltd Chart
Quotes
20. "Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results." - Warren Buffett
1. S&P continues an uptrend amidst brief interruption S&P Chart
2. US dollar shows bearish signals as 50 EMA tries to cross below 200 EMA Dollar Chart
3. Crude holds on to 50EMA, a cross above the moving averages will create a definite direction Oil Chart
4. Gold continues its rally further and makes a new high of $1296.50 Gold Chart
Economy
5. India s Forex reserves up by $3.23 bn to $287.73 bn
6. India s external debt rose 16.5% from $224.5 billion in FY09 to $261.5 billion in FY10Food Inflation surges 15.10%, data based on new base yr, amended basket of items
7. Sensex floats above 20K levels on the back drop of strong FII buying; indicates robust economy
8. Logistic bottlenecks affecting GDP By 2%
9. Yield on 1yr T-bills hits 6.65%; high bank borrowing, rate hike concerns drive-up yields
10. Cement prices may rise by up to INR 20 from this week in Gujarat
11. Steel prices may go up by INR 1500 a tonne in the next few days to cash in on the pick-up in demand in the festive season
Indian Markets
12. Rally continues - but how long will it sustain? Nifty Chart
13. FIIs continue on a buying spree, bought share worth a net Rs 20899 cr Month to date; Domestic funds sold shares worth a net Rs 4128 cr – MTD
14. Bullion has gained around 19% this year; Gold appetite strong; monsoon, rupee lift demand
Sectors
15. Rising interest rate can play spoil sport for the auto industry
16. Cotton ginners across the country expect cotton production to hover around 35.5 million bales in 2010-11
17. Realty IPOs face perfect storm due to rising prices
Stocks
18. Zen mobile aims at 7 – 10% market share – will be launching more models Zen Tech Chart
19. EIH plans to raise up to 13 bn rupees through rights issue EIH Ltd Chart
Quotes
20. "Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results." - Warren Buffett
September 23, 2010
T20_21Sep2010
Global Markets
1. S&P cuts above 1130; hits 4 month high S&P Chart
2. US dollar breaks-down from the triangle pattern; reaches $80 levels Dollar Chart
3. Crude consolidates, moving averages converge; shows no sign of a definite direction Oil Chart
4. Gold unperturbed; continues its upward spiral whilst equity markets remain robust Gold Chart
Economy
5. RBI hiked repo 25bps,reverse repo 50bps; high inflation, GDP growth prompt move; aggressive rate move to counter negative real interest rates & boost bank deposits
6. Ten-year bond yield hits 8%, 5 Yr paper at 24 month high
7. Food Inflation surges 15.10%, data based on new base yr, amended basket of items
8. Food Ministry asks FMC to extend ban on sugar futures; asks regulator to wait till end of festive season to prevent price speculation
9. Sensex, Nifty strike 32-moths high; breadth strong
Indian Markets
10. Nifty breaks above 6k; when will the marathon end? Nifty Chart
11. FIIs continue on a buying spree, bought share worth a net Rs 13,620 cr Month to date; Domestic funds sold shares worth a net Rs 2440 cr on that day
12. Gold has gained 7.8% since the start of Aug ’10; profit taking has been initiated, however citing the festive season, demand is likely to remain robust
Sectors
13. Capital goods segment in the overall industrial output rose by 63% in Jul ‘10 and pushed up the Index of Industrial Production (IIP) by 13.8%
14. Textile sector upset with hike in repo, reverse repo rates; this could disrupt the growth stringently
15. FDI norms for real estate may be relaxed; the 3 year lockin period may be relaxed
16. Companies in paints sector are bracing for the increased demand due to robust economic growth and rising incomes
17. Telcos get a call for service-tax records; CBEC seeks copy of telcos special audit from DoT
Stocks
18. Stemcor set to buy 10% in Ispat Inds; the deal is likely to be valued at INR 2.50bn - 3bn Ispat Industries Chart
19. Cairn to seal Vedanta deal by year end; no differences with Govt or ONGC Cairn India Chart
Quotes
20. "Although it's easy to forget sometimes, a share is not a lottery ticket...it's part-ownership of a business." - Peter Lynch
1. S&P cuts above 1130; hits 4 month high S&P Chart
2. US dollar breaks-down from the triangle pattern; reaches $80 levels Dollar Chart
3. Crude consolidates, moving averages converge; shows no sign of a definite direction Oil Chart
4. Gold unperturbed; continues its upward spiral whilst equity markets remain robust Gold Chart
Economy
5. RBI hiked repo 25bps,reverse repo 50bps; high inflation, GDP growth prompt move; aggressive rate move to counter negative real interest rates & boost bank deposits
6. Ten-year bond yield hits 8%, 5 Yr paper at 24 month high
7. Food Inflation surges 15.10%, data based on new base yr, amended basket of items
8. Food Ministry asks FMC to extend ban on sugar futures; asks regulator to wait till end of festive season to prevent price speculation
9. Sensex, Nifty strike 32-moths high; breadth strong
Indian Markets
10. Nifty breaks above 6k; when will the marathon end? Nifty Chart
11. FIIs continue on a buying spree, bought share worth a net Rs 13,620 cr Month to date; Domestic funds sold shares worth a net Rs 2440 cr on that day
12. Gold has gained 7.8% since the start of Aug ’10; profit taking has been initiated, however citing the festive season, demand is likely to remain robust
Sectors
13. Capital goods segment in the overall industrial output rose by 63% in Jul ‘10 and pushed up the Index of Industrial Production (IIP) by 13.8%
14. Textile sector upset with hike in repo, reverse repo rates; this could disrupt the growth stringently
15. FDI norms for real estate may be relaxed; the 3 year lockin period may be relaxed
16. Companies in paints sector are bracing for the increased demand due to robust economic growth and rising incomes
17. Telcos get a call for service-tax records; CBEC seeks copy of telcos special audit from DoT
Stocks
18. Stemcor set to buy 10% in Ispat Inds; the deal is likely to be valued at INR 2.50bn - 3bn Ispat Industries Chart
19. Cairn to seal Vedanta deal by year end; no differences with Govt or ONGC Cairn India Chart
Quotes
20. "Although it's easy to forget sometimes, a share is not a lottery ticket...it's part-ownership of a business." - Peter Lynch
September 16, 2010
T20_14Sep2010
Global Markets
1. S&P remains intact with no negative global cues coming in S&P Chart
2. US dollar remains range bound, unable to break-out of 100 / 200EMA Dollar Chart
3. Crude cuts above $75, holds above 100EMA; couple of US pipeline leaks disrupted supplies Oil Chart
4. Gold makes a smart uptick, it continues to trade in a range bound manner with a positive bias Gold Chart
Economy
5. WPI inflation rose 8.5% annually in Aug ‘10, based on a new data series, it’s second straight month of decline
6. Quantum of funds mopped up by India Inc from IPOs and rights issues in July ’10 remained flat at Rs. 2,961.90 crore, similar to last month
7. Organization for Economic Cooperation and Development (OECD) said growth in Asian economies like China and India that had been guiding global economic recovery, will moderate in the coming months
8. Government expects to complete the ONGC and IOC divestments by the end of this fiscal and hopes to raise up to Rs 19,000 crore from the process
9. Interest rates hike on the cards; Inflation warrants monetary tightening, says Economists
10. US-based distressed debt fund Aurelius Capital Management is the only creditor to have not signed on to Dubai World $24.9 billion restructuring deal
11. Finance Minister Pranab Mukherjee said that India will have to remain cautious, as the global economic slowdown is not yet over
Indian Markets
12. Nifty gives a standing ovation performance by scaling 32 month highs Nifty Chart
13. FIIs continue on a buying spree, bought share worth a net Rs 2519.88 cr on September 2010, as per provisional data from the stock exchanges - Domestic funds sold shares worth a net Rs 960.81 cr on that day
14. Gold prices have risen about 14% this year and are set for a 10th annual gain as investors seek protection against financial turmoil in Europe
Sectors
15. Telecom & Defence ministries are close to finalizing settlement to divide the country spectrum between them, ending a long standoff
16. Govt. is likely to make it mandatory for mining cos to hand over a part of their revenues & make annual payments to land losers
17. Land prices up 50 times in 10 yrs; real estate developers are making a killing on projects along the corridor
18. Steel demand to grow at 9.2% in 5 years, says a report by ratings agency Credit Analysis & Research ltd
Stocks
19. Mercator Lines mulls $500mn capex plan for expansion of its coal sector & offshore activities MLL Chart
Quotes
20. "Even the intelligent investor is likely to need considerable willpower to keep from following the crowd." - Benjamin Graham
1. S&P remains intact with no negative global cues coming in S&P Chart
2. US dollar remains range bound, unable to break-out of 100 / 200EMA Dollar Chart
3. Crude cuts above $75, holds above 100EMA; couple of US pipeline leaks disrupted supplies Oil Chart
4. Gold makes a smart uptick, it continues to trade in a range bound manner with a positive bias Gold Chart
Economy
5. WPI inflation rose 8.5% annually in Aug ‘10, based on a new data series, it’s second straight month of decline
6. Quantum of funds mopped up by India Inc from IPOs and rights issues in July ’10 remained flat at Rs. 2,961.90 crore, similar to last month
7. Organization for Economic Cooperation and Development (OECD) said growth in Asian economies like China and India that had been guiding global economic recovery, will moderate in the coming months
8. Government expects to complete the ONGC and IOC divestments by the end of this fiscal and hopes to raise up to Rs 19,000 crore from the process
9. Interest rates hike on the cards; Inflation warrants monetary tightening, says Economists
10. US-based distressed debt fund Aurelius Capital Management is the only creditor to have not signed on to Dubai World $24.9 billion restructuring deal
11. Finance Minister Pranab Mukherjee said that India will have to remain cautious, as the global economic slowdown is not yet over
Indian Markets
12. Nifty gives a standing ovation performance by scaling 32 month highs Nifty Chart
13. FIIs continue on a buying spree, bought share worth a net Rs 2519.88 cr on September 2010, as per provisional data from the stock exchanges - Domestic funds sold shares worth a net Rs 960.81 cr on that day
14. Gold prices have risen about 14% this year and are set for a 10th annual gain as investors seek protection against financial turmoil in Europe
Sectors
15. Telecom & Defence ministries are close to finalizing settlement to divide the country spectrum between them, ending a long standoff
16. Govt. is likely to make it mandatory for mining cos to hand over a part of their revenues & make annual payments to land losers
17. Land prices up 50 times in 10 yrs; real estate developers are making a killing on projects along the corridor
18. Steel demand to grow at 9.2% in 5 years, says a report by ratings agency Credit Analysis & Research ltd
Stocks
19. Mercator Lines mulls $500mn capex plan for expansion of its coal sector & offshore activities MLL Chart
Quotes
20. "Even the intelligent investor is likely to need considerable willpower to keep from following the crowd." - Benjamin Graham
September 07, 2010
T20_07Sep2010
Global Markets
1. S&P made a smart uptick; cuts above all resistances in the form of moving averages on the backdrop of strong US data S&P Chart
2. US dollar falls to 200EMA, will it take support and bounce back like it did in the past? Dollar Chart
3. Crude continues to trade in a range bound manner, faces resistance above $75 levels Oil Chart
4. Gold makes a smart uptick, it continues to trade in a range bound manner with a positive bias Gold Chart
Economy
5. Direct tax mop-up has exceeded Rs 1 Lakh Crore mark in the first 5 months of the financial year, on the back of growth in revenue receipts from the corporate sector
6. RBI says higher capital requirements for Basel 3 norms will not hit banks significantly
7. Indian economy grows by 8.8% in Apr-Jun ’10; Financial Services restrained the growth by clocking only 6%
8. India's fiscal deficit from April to July ‘10 was Rs 90,915 crore ($19.3 billion), or 23.8% of the full-year target
9. India has replaced the US as the second most important foreign directive investment (FDI) destination for transnational corporations during 2010-2012
10. Indian rupee rallied to a 4-week high of 46.54/55 against the US dollar amid a sharp surge in domestic equities and sluggishness of the American currency overseas
11. Yield on the benchmark 10-year 2020 bond was hovering at 7.95%; lower than the previous close of 7.99%
Indian Markets
12. Nifty makes a quick recovery; short term outlook remains positive Nifty Chart
13. FIIs & DIIs: FIIs remained net buyers to the extent of Rs. 1160.9 Cr (Month to date); DIIs purchased Rs. 180.4 Cr (Month to date)
14. Gold climbs to Rs 19,405 per 10 gms in Indian Market in the backdrop of festive season
Sectors
15. Sugar Ind ready to support Ethanol - Blending drive; offers 1000mn litres ethanol to OMCs
16. Indian IT funding cash-strapped client projects; Infy, Wipro invest upfront in building systems for customers & offer them on pay-as-you go basis
17. Oman to invest $3bn in India's fertilizer sector; both sides open to co- operation as trade hits $4.5bn
Stocks
17. L&T eyes 17% IRR from Hyderabad project L&T
18. Acquisitions to drive Tata Global's foods foray, co plans to continue building its non tea portfolio ONGC Chart
Quotes
20. "Wealth was once measured in Gold. Now it’s measured in what we know” – Dianna Booher
1. S&P made a smart uptick; cuts above all resistances in the form of moving averages on the backdrop of strong US data S&P Chart
2. US dollar falls to 200EMA, will it take support and bounce back like it did in the past? Dollar Chart
3. Crude continues to trade in a range bound manner, faces resistance above $75 levels Oil Chart
4. Gold makes a smart uptick, it continues to trade in a range bound manner with a positive bias Gold Chart
Economy
5. Direct tax mop-up has exceeded Rs 1 Lakh Crore mark in the first 5 months of the financial year, on the back of growth in revenue receipts from the corporate sector
6. RBI says higher capital requirements for Basel 3 norms will not hit banks significantly
7. Indian economy grows by 8.8% in Apr-Jun ’10; Financial Services restrained the growth by clocking only 6%
8. India's fiscal deficit from April to July ‘10 was Rs 90,915 crore ($19.3 billion), or 23.8% of the full-year target
9. India has replaced the US as the second most important foreign directive investment (FDI) destination for transnational corporations during 2010-2012
10. Indian rupee rallied to a 4-week high of 46.54/55 against the US dollar amid a sharp surge in domestic equities and sluggishness of the American currency overseas
11. Yield on the benchmark 10-year 2020 bond was hovering at 7.95%; lower than the previous close of 7.99%
Indian Markets
12. Nifty makes a quick recovery; short term outlook remains positive Nifty Chart
13. FIIs & DIIs: FIIs remained net buyers to the extent of Rs. 1160.9 Cr (Month to date); DIIs purchased Rs. 180.4 Cr (Month to date)
14. Gold climbs to Rs 19,405 per 10 gms in Indian Market in the backdrop of festive season
Sectors
15. Sugar Ind ready to support Ethanol - Blending drive; offers 1000mn litres ethanol to OMCs
16. Indian IT funding cash-strapped client projects; Infy, Wipro invest upfront in building systems for customers & offer them on pay-as-you go basis
17. Oman to invest $3bn in India's fertilizer sector; both sides open to co- operation as trade hits $4.5bn
Stocks
17. L&T eyes 17% IRR from Hyderabad project L&T
18. Acquisitions to drive Tata Global's foods foray, co plans to continue building its non tea portfolio ONGC Chart
Quotes
20. "Wealth was once measured in Gold. Now it’s measured in what we know” – Dianna Booher
September 01, 2010
T20_31Aug2010
Global Markets
1. S&P consolidates near $1048 levels; US economy continues to remain on shaky ground S&P Chart
2. US dollar consolidates closer to 50 EMA & 100 EMA on the backdrop of economic turmoil Dollar Chart
3. Crude after a prolonged correction, makes a smart uptick Oil Chart
4. Gold consolidates yet again; showing subtle signs of turnaround Gold Chart
Economy
5. Mr. Pranab sweetens Direct Taxes Code for everyone; Tax-payers at the low end to benefit the most – to be implemented by April, 2012
6. Revised DTC rings in good tidings for stock investors; Keep long-term capitals gains tax from shares nil, relaxes short-term capital gains tax
7. SEZ tax sops retained till 2014 but 20% MAT to weigh heavy; Bill suggests replacement of sops linked to profits with sops linked to investments
8. Bond yields touch 8% on rate hike concerns; experts see 25bps rate hike & expect trade at 8-8.10% in short term
9. Consumer Affairs Ministry says yes to 49% FDI in multi-brand retail
10. RBI better placed to tackle inflation in Sept review; economists says RBI likely to raise rates by 25bps in mid - Sept ‘10
11. Compulsory licensing of patented drugs under study; bid to ensure availability of low-cost medicines
Indian Markets
12. Nifty broke down and hangs above 50EMA; next support seen @ 5350; 5296 Nifty Chart
13. FIIs & DIIs: FIIs remained net buyers to the extent of Rs. 10,374.30 Cr (Month to date); DIIs sold Rs. -2825.7 Cr (Month to date)
14. Gold ETFs in India, the world’s biggest buyer of bullion, may surge as much as 17 times in the next three years as investors seek a refuge from financial turmoil and inflation
Sectors
15. Cement cos cut prices by INR 2-4/kg in Western India
16. Orissa Independent Power Producers (IPP) projects to again go under scanner; Govt. wants to remove idlers; 11 IPPs yet to acquire any land
Stocks
17. Reliance checks into Oberoi Hotels; buys 14.12% stake in EIH ltd for INR 10.21bn Reliance Industries Chart
18. ONGC claims consent must for Cairn deal; Invokes pre-emptive rights under pact, seeks details of transaction ONGC Chart
18. Videocon in talks to sell 26% in telco arm Videocon Chart
Quotes
20. "It takes character to sit there with all that cash and do nothing. I didn't get to where I am by going after mediocre opportunities." - Charles Munger
1. S&P consolidates near $1048 levels; US economy continues to remain on shaky ground S&P Chart
2. US dollar consolidates closer to 50 EMA & 100 EMA on the backdrop of economic turmoil Dollar Chart
3. Crude after a prolonged correction, makes a smart uptick Oil Chart
4. Gold consolidates yet again; showing subtle signs of turnaround Gold Chart
Economy
5. Mr. Pranab sweetens Direct Taxes Code for everyone; Tax-payers at the low end to benefit the most – to be implemented by April, 2012
6. Revised DTC rings in good tidings for stock investors; Keep long-term capitals gains tax from shares nil, relaxes short-term capital gains tax
7. SEZ tax sops retained till 2014 but 20% MAT to weigh heavy; Bill suggests replacement of sops linked to profits with sops linked to investments
8. Bond yields touch 8% on rate hike concerns; experts see 25bps rate hike & expect trade at 8-8.10% in short term
9. Consumer Affairs Ministry says yes to 49% FDI in multi-brand retail
10. RBI better placed to tackle inflation in Sept review; economists says RBI likely to raise rates by 25bps in mid - Sept ‘10
11. Compulsory licensing of patented drugs under study; bid to ensure availability of low-cost medicines
Indian Markets
12. Nifty broke down and hangs above 50EMA; next support seen @ 5350; 5296 Nifty Chart
13. FIIs & DIIs: FIIs remained net buyers to the extent of Rs. 10,374.30 Cr (Month to date); DIIs sold Rs. -2825.7 Cr (Month to date)
14. Gold ETFs in India, the world’s biggest buyer of bullion, may surge as much as 17 times in the next three years as investors seek a refuge from financial turmoil and inflation
Sectors
15. Cement cos cut prices by INR 2-4/kg in Western India
16. Orissa Independent Power Producers (IPP) projects to again go under scanner; Govt. wants to remove idlers; 11 IPPs yet to acquire any land
Stocks
17. Reliance checks into Oberoi Hotels; buys 14.12% stake in EIH ltd for INR 10.21bn Reliance Industries Chart
18. ONGC claims consent must for Cairn deal; Invokes pre-emptive rights under pact, seeks details of transaction ONGC Chart
18. Videocon in talks to sell 26% in telco arm Videocon Chart
Quotes
20. "It takes character to sit there with all that cash and do nothing. I didn't get to where I am by going after mediocre opportunities." - Charles Munger
August 27, 2010
CEAT Ltd._BUY | CMP - 150; Target - 195
At the current price of Rs.155, CEAT Ltd., is trading at a P/E multiple of 3.3xFY10 earnings and P/BV multiple of 0.83. At this price, we recommend a BUY, with a price target of Rs. 195 , with an estimated growth of 30%. The price target is arrived at with EPS estimate of Rs. 54 and P/E multiple of 3.5 with a holding period of 12 months.
For details on this stock, pls view the detailed report - click here
For details on this stock, pls view the detailed report - click here
August 24, 2010
T20_24Aug2010
Global Markets
1. S&P continues to remain weak, with the earnings season over, there are no positive cues for the market S&P Chart
2. US dollar rose sharply in the global markets and acted very much against the crude prices Oil Chart
3. Dollar breaks above 50EMA & 100EMA, this is a key psychological level Dollar Chart
4. Gold consolidates yet again; showing subtle signs of turnaround Gold Chart
Economy
5. GST rollout to miss April 1, 2011, deadline
6. FY11 trade deficit seen at $120 bn
7. Rupee weakened to its lowest level in over a week, as losses in the euro and other regional currencies hurt sentiment
8. SEBI is considering a proposal to cap the number of company boards that an independent director can sit on
9. MFs stay cash-ready for possible bottom fishing
10. India will soon have an index to measure output of services that contribute more than half of its national income
11. Two-thirds of British companies intending to outsource jobs offshore prefer India over China
12. Crucial changes to the FDI policy announced by the Ministry of Commerce & Industry on March 31 have been stalled; RBI seeks ‘rationale’ for the changes
Indian Markets
13. Nifty broke above 5500 which was a significant level; this was a key milestone – optimism prevails Nifty Chart
14. FIIs & DIIs: FIIs remained net buyers to the extent of Rs. 9637.5 Cr (Month to date); DIIs sold Rs. 1482.1 Cr (Month to date)
15. Gold imports in India, the biggest consumer, rose 18.9% to 155.6 tonnes in the first six months to June ‘10
Sectors
16. Oil Ministry uncomfortable with Vedanta Group - Cairn deal and has asked ONGC, Oil India and Gail to cobble up a joint bid to rival the London-listed miner
17. Power Capacity addition set to scale new peak; 14k MW may be added this fiscal, major role by private sector
Stocks
18. GAIL - RIL deal on D6 gas allocation fall through; Reliance makes a turnaround from key support levels Reliance Industries Chart
19. PVR Pictures to invest INR 2bn ($42.55mn) to ramp up production PVR Chart
Quotes
20. "As long as we can make an annual 15 percent return on equity, I don't worry about one quarter's results." - Warren Buffett
1. S&P continues to remain weak, with the earnings season over, there are no positive cues for the market S&P Chart
2. US dollar rose sharply in the global markets and acted very much against the crude prices Oil Chart
3. Dollar breaks above 50EMA & 100EMA, this is a key psychological level Dollar Chart
4. Gold consolidates yet again; showing subtle signs of turnaround Gold Chart
Economy
5. GST rollout to miss April 1, 2011, deadline
6. FY11 trade deficit seen at $120 bn
7. Rupee weakened to its lowest level in over a week, as losses in the euro and other regional currencies hurt sentiment
8. SEBI is considering a proposal to cap the number of company boards that an independent director can sit on
9. MFs stay cash-ready for possible bottom fishing
10. India will soon have an index to measure output of services that contribute more than half of its national income
11. Two-thirds of British companies intending to outsource jobs offshore prefer India over China
12. Crucial changes to the FDI policy announced by the Ministry of Commerce & Industry on March 31 have been stalled; RBI seeks ‘rationale’ for the changes
Indian Markets
13. Nifty broke above 5500 which was a significant level; this was a key milestone – optimism prevails Nifty Chart
14. FIIs & DIIs: FIIs remained net buyers to the extent of Rs. 9637.5 Cr (Month to date); DIIs sold Rs. 1482.1 Cr (Month to date)
15. Gold imports in India, the biggest consumer, rose 18.9% to 155.6 tonnes in the first six months to June ‘10
Sectors
16. Oil Ministry uncomfortable with Vedanta Group - Cairn deal and has asked ONGC, Oil India and Gail to cobble up a joint bid to rival the London-listed miner
17. Power Capacity addition set to scale new peak; 14k MW may be added this fiscal, major role by private sector
Stocks
18. GAIL - RIL deal on D6 gas allocation fall through; Reliance makes a turnaround from key support levels Reliance Industries Chart
19. PVR Pictures to invest INR 2bn ($42.55mn) to ramp up production PVR Chart
Quotes
20. "As long as we can make an annual 15 percent return on equity, I don't worry about one quarter's results." - Warren Buffett
August 18, 2010
August 17, 2010
T20_17Aug2010
Global Markets
1. Weak economic data from Japan and worse than expected manufacturing report from the New York region pushed the S&P into negative territory S&P Chart
2. Oil steadies near 1- month low; awaits inventory, economic data Oil Chart
3. Dollar makes a smart rally past 200EMA; consolidates close to 50EMA – shows signs of weakness Dollar Chart
4. Gold consolidates around 50EMA and makes an uptick Gold Chart
Economy
5. Inflation falls to 9.97% in July ‘10; is in single digits for the first time since 5 months – considerable downturn in primary articles
Inflation
6. Government is planning to introduce Bills on the Direct Taxes Code (DTC) and the Goods and Services Tax (GST) by August 26, 2010
7. Price of ethanol fixed at Rs 27 a litre for blending
8. IRDA may cap fee on basic policies; traditional policies to face the heat
9. Government bond prices dropped on heavy selling pressure from banks / corporates and call rates also finished lower at 5.65%
10. Fixed Deposit rates all set to raise; Investors can wait a while before they put in their money
11. China may outperform India in H2FY2010: Merrill Lynch
Indian Markets
12. Nifty has been range bound for a long time; support seen @ 5345, resistance @ 5450 - 5500 Nifty Chart
13. FIIs & DIIs: FIIs remained net buyers to the extent of Rs. 5752.4 Cr (Month to date); DIIs sold Rs. 1262.5 Cr (Month to date)
14. India gold demand stays weak as prices hit 6-wk high; demand likely to pick up as festive season begins
Sectors
15. Cement firms July 2010 growth lowest since 2001; dispatch growth further slipped to 1.63%
16. AMJ 10 quarter results showed relative slowdown; Sales, margins, profit lose some momentum, as earlier stimulus effects lessened
Stocks
17. Vedanta readies financing for acquisition of Cairn; Plans to fund the deal through debt, Sesa Goa’s cash reserve Cairn Chart
18. Yes Bank raises Rs 665 crore from bond issues Yes Bank Chart
19. Sterlites Niyamgiri mining project illegal Sterlite Industries Chart
Quotes
20. "Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well." - Warren Buffett
1. Weak economic data from Japan and worse than expected manufacturing report from the New York region pushed the S&P into negative territory S&P Chart
2. Oil steadies near 1- month low; awaits inventory, economic data Oil Chart
3. Dollar makes a smart rally past 200EMA; consolidates close to 50EMA – shows signs of weakness Dollar Chart
4. Gold consolidates around 50EMA and makes an uptick Gold Chart
Economy
5. Inflation falls to 9.97% in July ‘10; is in single digits for the first time since 5 months – considerable downturn in primary articles
Inflation
6. Government is planning to introduce Bills on the Direct Taxes Code (DTC) and the Goods and Services Tax (GST) by August 26, 2010
7. Price of ethanol fixed at Rs 27 a litre for blending
8. IRDA may cap fee on basic policies; traditional policies to face the heat
9. Government bond prices dropped on heavy selling pressure from banks / corporates and call rates also finished lower at 5.65%
10. Fixed Deposit rates all set to raise; Investors can wait a while before they put in their money
11. China may outperform India in H2FY2010: Merrill Lynch
Indian Markets
12. Nifty has been range bound for a long time; support seen @ 5345, resistance @ 5450 - 5500 Nifty Chart
13. FIIs & DIIs: FIIs remained net buyers to the extent of Rs. 5752.4 Cr (Month to date); DIIs sold Rs. 1262.5 Cr (Month to date)
14. India gold demand stays weak as prices hit 6-wk high; demand likely to pick up as festive season begins
Sectors
15. Cement firms July 2010 growth lowest since 2001; dispatch growth further slipped to 1.63%
16. AMJ 10 quarter results showed relative slowdown; Sales, margins, profit lose some momentum, as earlier stimulus effects lessened
Stocks
17. Vedanta readies financing for acquisition of Cairn; Plans to fund the deal through debt, Sesa Goa’s cash reserve Cairn Chart
18. Yes Bank raises Rs 665 crore from bond issues Yes Bank Chart
19. Sterlites Niyamgiri mining project illegal Sterlite Industries Chart
Quotes
20. "Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well." - Warren Buffett
August 10, 2010
T20_09AUG2010
Global Markets
1. Trades above moving averages in a range bound manner with an upward bias S&P Chart
2. Federal Reserve to consider, and perhaps even adopt, additional measures to prop up a softening US economic recovery.
3. Oil makes a U-turn a notch below $84 levels; approaches $80 levels Oil Chart
4. Dollar stays close to crucial levels of $80 Dollar Chart
5. Gold makes a smart uptick, takes support @ 50EMA. Gold Chart
Economy
6. Tax code bill to retain most draft proposals, except in a few contentious areas such as taxation of special economic zones (SEZs), capital gains and unit-linked insurance plans (ULIPs).
7. India’s defence industry is poised at a landmark: 3 private & 1 public company will submit bids to develop a high-tech weapon system for the defence forces.
8. Projected inflation to fall to 6% by the end of this year, while most policy makers pegged it at 6%-6.5% by this financial year-end.
9. Oil spill shuts India's busiest port - Jawaharlal Nehru Port, threatens other coasts.
10. India's industrial output is expected to rise 8.4% in Jun ‘10 from a year earlier, with growth slowing after 8 months of double-digit increases.
11. Govt dilutes 25% to 10% public float norms for state-owned enterprises.
Indian Markets
12. Nifty continues to trade above 5450, a key support level – euphoria builds Nifty Chart
13. Clearly FIIs are driving this uptrend: FIIs remained net buyers to the extent of Rs. 3279.5 Cr (Month to date); DIIs sold Rs. 630 Cr (Month to date)
14. Gold traders trickled in as prices eased a tad below the $1,200 an ounce-mark; a weaker rupee, which makes the dollar-quoted asset expensive, weighed on sentiment.
Sectors
15. Auto sales at record 1,237,461 units in July, 2010.
16. Lending rates may go up from Oct ’10: Banks are likely to start raising lending rates at the end of Sep ’10 as they review their base rates.
Stocks
17. Telecom VAS provider One97 Comm Ltd plans to raise Rs 120 cr through an IPO by Sep ‘10, for expansion.
18. Glenmark settles patent dispute with Sepracor. Glenmark Chart
19. Govt. ties up with TATA Motors ahead of Common Wealth Games. TATA Motors Chart
Quotes
20. "Individuals who cannot master their emotions are ill-suited to profit from the investment process." - Benjamin Graham
1. Trades above moving averages in a range bound manner with an upward bias S&P Chart
2. Federal Reserve to consider, and perhaps even adopt, additional measures to prop up a softening US economic recovery.
3. Oil makes a U-turn a notch below $84 levels; approaches $80 levels Oil Chart
4. Dollar stays close to crucial levels of $80 Dollar Chart
5. Gold makes a smart uptick, takes support @ 50EMA. Gold Chart
Economy
6. Tax code bill to retain most draft proposals, except in a few contentious areas such as taxation of special economic zones (SEZs), capital gains and unit-linked insurance plans (ULIPs).
7. India’s defence industry is poised at a landmark: 3 private & 1 public company will submit bids to develop a high-tech weapon system for the defence forces.
8. Projected inflation to fall to 6% by the end of this year, while most policy makers pegged it at 6%-6.5% by this financial year-end.
9. Oil spill shuts India's busiest port - Jawaharlal Nehru Port, threatens other coasts.
10. India's industrial output is expected to rise 8.4% in Jun ‘10 from a year earlier, with growth slowing after 8 months of double-digit increases.
11. Govt dilutes 25% to 10% public float norms for state-owned enterprises.
Indian Markets
12. Nifty continues to trade above 5450, a key support level – euphoria builds Nifty Chart
13. Clearly FIIs are driving this uptrend: FIIs remained net buyers to the extent of Rs. 3279.5 Cr (Month to date); DIIs sold Rs. 630 Cr (Month to date)
14. Gold traders trickled in as prices eased a tad below the $1,200 an ounce-mark; a weaker rupee, which makes the dollar-quoted asset expensive, weighed on sentiment.
Sectors
15. Auto sales at record 1,237,461 units in July, 2010.
16. Lending rates may go up from Oct ’10: Banks are likely to start raising lending rates at the end of Sep ’10 as they review their base rates.
Stocks
17. Telecom VAS provider One97 Comm Ltd plans to raise Rs 120 cr through an IPO by Sep ‘10, for expansion.
18. Glenmark settles patent dispute with Sepracor. Glenmark Chart
19. Govt. ties up with TATA Motors ahead of Common Wealth Games. TATA Motors Chart
Quotes
20. "Individuals who cannot master their emotions are ill-suited to profit from the investment process." - Benjamin Graham
August 03, 2010
T20AUG02
Global Markets
1. Energy & Financials uplift market spirits; makes a jump above all moving averages S&P Chart
2. Oil crosses above $80 levels first time since May on the background of strong economy Oil Chart
3. Dollar clearly on a downtrend; no signs of turnaround yet, it is at crucial levels @ $80 Dollar Chart
4. Gold back on track, holding on to 100EMA Gold Chart
Economy
5. Export of goods from the country in Jun ‘10 jumped by 30.4% at $17.75 billion compared to $13.60 billion
6. SEBI may not accept the recommendation to raise the minimum net worth of asset management companies (AMCs) to Rs 50 crore
7. Liquidity is back on deficit mode: Call money rate past 6%; 10-year yield touches 3-month high
8. Pvt. Insurance cos., continue to clock profits, despite brewing ULIP controversy Q1 profit/loss of life insurers (Rs cr)
9. RBI to allow trading in currency options on spot US dollar-rupee on stock exchanges
10. Forex reserves up by $1.04 bn to $283 bn
Indian Markets
11. India Inc. posts good results and Nifty remains range bound with an upward tilt Nifty Chart
12. Clearly FIIs are driving this uptrend: FIIs remained net buyers to the extent of Rs. 17120 Cr (Month ending Jul ‘10); DIIs sold Rs. 4405 Cr (Month ending Jul ‘10)
13. Draft norms on health insurance policies and IPO norms for general insurance soon: IRDA
14. Basel III and the new financial order will come up for further discussion in Nov’10 when the G-20 meets
15. Shriram Group plans to buy Citi Financial: Group said it had begun the due diligence and expected to conclude the deal in a week
Sectors
16. Core sector grows 3.4% in June, coal biggest drag
17. Bankers see no immediate impact on auto & home loans, post the RBI rate hike
Stocks
18. L&T bags INR 6.5bn ($139mn) power plant order from Jaiprakash Group L&T
19. Yes Bank plans to raise INR 4.5-5bn($98-106mn) to fund its biz growth YES Bank
Quotes
20. “Fear is the foe of the faddist, but the friend of the fundamentalist” - Warren Buffett
1. Energy & Financials uplift market spirits; makes a jump above all moving averages S&P Chart
2. Oil crosses above $80 levels first time since May on the background of strong economy Oil Chart
3. Dollar clearly on a downtrend; no signs of turnaround yet, it is at crucial levels @ $80 Dollar Chart
4. Gold back on track, holding on to 100EMA Gold Chart
Economy
5. Export of goods from the country in Jun ‘10 jumped by 30.4% at $17.75 billion compared to $13.60 billion
6. SEBI may not accept the recommendation to raise the minimum net worth of asset management companies (AMCs) to Rs 50 crore
7. Liquidity is back on deficit mode: Call money rate past 6%; 10-year yield touches 3-month high
8. Pvt. Insurance cos., continue to clock profits, despite brewing ULIP controversy Q1 profit/loss of life insurers (Rs cr)
9. RBI to allow trading in currency options on spot US dollar-rupee on stock exchanges
10. Forex reserves up by $1.04 bn to $283 bn
Indian Markets
11. India Inc. posts good results and Nifty remains range bound with an upward tilt Nifty Chart
12. Clearly FIIs are driving this uptrend: FIIs remained net buyers to the extent of Rs. 17120 Cr (Month ending Jul ‘10); DIIs sold Rs. 4405 Cr (Month ending Jul ‘10)
13. Draft norms on health insurance policies and IPO norms for general insurance soon: IRDA
14. Basel III and the new financial order will come up for further discussion in Nov’10 when the G-20 meets
15. Shriram Group plans to buy Citi Financial: Group said it had begun the due diligence and expected to conclude the deal in a week
Sectors
16. Core sector grows 3.4% in June, coal biggest drag
17. Bankers see no immediate impact on auto & home loans, post the RBI rate hike
Stocks
18. L&T bags INR 6.5bn ($139mn) power plant order from Jaiprakash Group L&T
19. Yes Bank plans to raise INR 4.5-5bn($98-106mn) to fund its biz growth YES Bank
Quotes
20. “Fear is the foe of the faddist, but the friend of the fundamentalist” - Warren Buffett
July 27, 2010
T20_26JUL2010
Global Markets
1. US regains ground, after a brief disturbance S&P Chart
2. Oil continues to remain choppy with an upward bias Oil Chart
3. Dollar holding onto 200EMA; a key support level Dollar Chart
4. Gold dips as equities rise on economic optimism. Gold Chart
Economy
5. Moody's upgrades India's sovereign currency rating citing economy’s resilience.
6. RBI raised the repo rate by 25 basis points (bps) to 5. 75%; reverse repo rate has been hiked by a slightly higher-than-expected 50 bps to 4.5%; CRR left unchanged.
7. Indian economy is projected to grow at 8.5% in 2010-11 and by 9% in 2011-12.
8. India continues to beat global indices; it happened then, it’s happening again… Global indices
9. Govt. moves bill to let insurers sell ULIPs without SEBI nod.
10. States want Central sales tax to continue with GST.
11. Equities on a high – US housing data improving; Euro peaks on European banks passing stress tests.
Indian Markets
12. Nifty on a smart uptrend as decent corporate results trickle inNifty Chart
13. Clearly FIIs are driving this uptrend: FIIs remained net buyers to the extent of Rs. 10435 Cr (Month to date); DIIs sold Rs. 2417 Cr (Month to date)
14. Monsoon 9% below normal; continues commodity woes.
15. No MAT for cos without local base.
16. Rising realty may add to inflation pressure; RBI credit to housing up 9.6%.
Sectors
17. India plans Rs50,000 cr power sector debt fund.
18. Buoyancy is back, says CII’s survey on SMEs.
Stocks
19. Dabur acquires Turkish personal care firm Hobi Kozemtik group for $69mn Dabur Chart
20. Ultratech gets nod for Samruddhi merger. Ultratech Chart
Quotes
21. "Those who have knowledge don't predict. Those who predict don't have knowledge." - Lao Tzu
1. US regains ground, after a brief disturbance S&P Chart
2. Oil continues to remain choppy with an upward bias Oil Chart
3. Dollar holding onto 200EMA; a key support level Dollar Chart
4. Gold dips as equities rise on economic optimism. Gold Chart
Economy
5. Moody's upgrades India's sovereign currency rating citing economy’s resilience.
6. RBI raised the repo rate by 25 basis points (bps) to 5. 75%; reverse repo rate has been hiked by a slightly higher-than-expected 50 bps to 4.5%; CRR left unchanged.
7. Indian economy is projected to grow at 8.5% in 2010-11 and by 9% in 2011-12.
8. India continues to beat global indices; it happened then, it’s happening again… Global indices
9. Govt. moves bill to let insurers sell ULIPs without SEBI nod.
10. States want Central sales tax to continue with GST.
11. Equities on a high – US housing data improving; Euro peaks on European banks passing stress tests.
Indian Markets
12. Nifty on a smart uptrend as decent corporate results trickle inNifty Chart
13. Clearly FIIs are driving this uptrend: FIIs remained net buyers to the extent of Rs. 10435 Cr (Month to date); DIIs sold Rs. 2417 Cr (Month to date)
14. Monsoon 9% below normal; continues commodity woes.
15. No MAT for cos without local base.
16. Rising realty may add to inflation pressure; RBI credit to housing up 9.6%.
Sectors
17. India plans Rs50,000 cr power sector debt fund.
18. Buoyancy is back, says CII’s survey on SMEs.
Stocks
19. Dabur acquires Turkish personal care firm Hobi Kozemtik group for $69mn Dabur Chart
20. Ultratech gets nod for Samruddhi merger. Ultratech Chart
Quotes
21. "Those who have knowledge don't predict. Those who predict don't have knowledge." - Lao Tzu
July 19, 2010
T20_19JUL2010
Global Markets
1. Weak economic data from the US plays spoil sport S&P Chart
2. Oil gets really choppy; moving averages huddle up close Oil Chart
3. Dollar approaches 200EMA; a key support level – will it hold on? Dollar Chart
4. Gold’s continues to consolidate with a negative bias. Gold Chart
Economy
5. Rupee is only the 5th currency to get a symbol – What do you think of it?.
6. FIIs return to Street in style, inflow nears Rs 40K-cr-mark.
7. PE investments likely to top $17bn in 2010 as per survey by consulting firm Bain & Co.
8. SEBI panel’s report on M&As likely to make taking over a listed company a more onerous task: Recommends increasing the open offer size from 20% to as high as 100%.
9. IRDA moots cancelling license of agents: If 50% of the policies sold are not renewed annually, agent runs the risk of cancellation of license.
10. Govt to spend Rs 20,000 cr more on e-Gov projects: this could boost the order book of IT companies.
Indian Markets
11. Nifty after a smart uptick, consolidates – which way will it head from here?Nifty Chart
12. FIIs and DIIs still share different perspectives: FIIs remained net buyers to the extent of Rs. 7185 Cr (Month to date); DIIs sold Rs. 1260 Cr (Month to date).
13. Market to have pre-open session on a pilot basis:Trade orders will be collected and matched to reach an equilibrium price during this 15-minute period.
14. Stock Exchanges get a free hand to decide on F&O physical settlement.
15. Nifty trades on US bourses: Chicago Mercantile Exchange (CME) introduces two new contracts — E-mini and E-micro S&P CNX Nifty Futures — designed to access the Indian market opportunities.
Sectors
16. Automobile industry capacity surpass 3 million mark:Passenger vehicle manufacturing increase 27% since last year and sale of car increased 28% over previous year.
17. Railways revenues up 7% in June 2010Touched US$ 1.03 bn in June 2010, an increase of 6.99% from the corresponding month in 2009.
Stocks
18. UAE-based Emirates Telecommunications (Etisalat) is close to buying a 26% stake in RCom. Reliance Communication Chart
19. Vardhaman Textiles to spin off steel biz. Vardhaman Textiles Chart
Quotes
20. "Bull markets go to people's heads. If you're a duck on a pond, and it's rising due to a downpour, you start going up in the world. But you think it's you, not the pond." - Charlie Munger
1. Weak economic data from the US plays spoil sport S&P Chart
2. Oil gets really choppy; moving averages huddle up close Oil Chart
3. Dollar approaches 200EMA; a key support level – will it hold on? Dollar Chart
4. Gold’s continues to consolidate with a negative bias. Gold Chart
Economy
5. Rupee is only the 5th currency to get a symbol – What do you think of it?.
6. FIIs return to Street in style, inflow nears Rs 40K-cr-mark.
7. PE investments likely to top $17bn in 2010 as per survey by consulting firm Bain & Co.
8. SEBI panel’s report on M&As likely to make taking over a listed company a more onerous task: Recommends increasing the open offer size from 20% to as high as 100%.
9. IRDA moots cancelling license of agents: If 50% of the policies sold are not renewed annually, agent runs the risk of cancellation of license.
10. Govt to spend Rs 20,000 cr more on e-Gov projects: this could boost the order book of IT companies.
Indian Markets
11. Nifty after a smart uptick, consolidates – which way will it head from here?Nifty Chart
12. FIIs and DIIs still share different perspectives: FIIs remained net buyers to the extent of Rs. 7185 Cr (Month to date); DIIs sold Rs. 1260 Cr (Month to date).
13. Market to have pre-open session on a pilot basis:Trade orders will be collected and matched to reach an equilibrium price during this 15-minute period.
14. Stock Exchanges get a free hand to decide on F&O physical settlement.
15. Nifty trades on US bourses: Chicago Mercantile Exchange (CME) introduces two new contracts — E-mini and E-micro S&P CNX Nifty Futures — designed to access the Indian market opportunities.
Sectors
16. Automobile industry capacity surpass 3 million mark:Passenger vehicle manufacturing increase 27% since last year and sale of car increased 28% over previous year.
17. Railways revenues up 7% in June 2010Touched US$ 1.03 bn in June 2010, an increase of 6.99% from the corresponding month in 2009.
Stocks
18. UAE-based Emirates Telecommunications (Etisalat) is close to buying a 26% stake in RCom. Reliance Communication Chart
19. Vardhaman Textiles to spin off steel biz. Vardhaman Textiles Chart
Quotes
20. "Bull markets go to people's heads. If you're a duck on a pond, and it's rising due to a downpour, you start going up in the world. But you think it's you, not the pond." - Charlie Munger
July 14, 2010
T20_14JUL2010
Global Markets
1. S&P 500 high on earnings season; trades nervously @ 50EMA S&P Chart
2. Oil makes a sharp uptrend; trades at crucial levels Oil Chart
3. Dollar cuts below 50DMA; trading between moving averages Dollar Chart
4. Gold’s consolidating @ 50EMA levels Gold Chart
Economy
5. Inflation, FM says, will moderate after the summer harvest: fiscal deficit to moderate around 5.5% for the year ending Mar ‘10 to be achieved.
6. Recent fuel price hike drove India's annual food inflation further up to 10.55%, from 10.16% in May ‘10.
7. Index of Industrial Production (IIP) for the month of May ‘10 rose at 11.5% against expectations of 16%:
8. Rupee strengthens as global risk taking rises: Interest rates seem favorable in India, this being key for higher capital flows into India.
9. Insured may have to part-pay medical bills: this comes in the backdrop of the recent stand-off between insurance companies and hospitals over inflated bills.
10. G-20 to finalise new tool to combat financial crisis when it meets in Nov ’10: IMF is in the process of finalizing a new tool that would provide insurance to countries during a crisis.
Indian Markets
11. Nifty on an uptrend, Q1 results could determine the direction of marketNifty Chart
12. FIIs and DIIs share different perspectives: FIIs remained net buyers to the extent of Rs. 4619 Cr (Month to date); DIIs sold Rs. 85 Cr (Month to date).
13. RBI objects to joint committee in ordinance on ULIPs.
14. SEBI against arbiter role for apex financial body: wants FSDC to stick to financial stability issues.
15. India gold buying stays weak on high prices: host of Hindu festivals lined up this month which could drive the demand upwards.
Sectors
16. FMCG Q1 sales to be volume-driven, margins crimped.
17. Auto sales and profit growth in June quarter may show less rise.
Stocks
18. L&T bags rig refurbishment order from ONGC. L&T Chart
19. Infy Q1 results disappoint: net income fell 2.4% from prev. year, due to higher tax charge and lower billing rates Infosys Technologies Chart
Quotes
20. "The real discipline comes in saying no to the wrong opportunities – Peter Drucker"
1. S&P 500 high on earnings season; trades nervously @ 50EMA S&P Chart
2. Oil makes a sharp uptrend; trades at crucial levels Oil Chart
3. Dollar cuts below 50DMA; trading between moving averages Dollar Chart
4. Gold’s consolidating @ 50EMA levels Gold Chart
Economy
5. Inflation, FM says, will moderate after the summer harvest: fiscal deficit to moderate around 5.5% for the year ending Mar ‘10 to be achieved.
6. Recent fuel price hike drove India's annual food inflation further up to 10.55%, from 10.16% in May ‘10.
7. Index of Industrial Production (IIP) for the month of May ‘10 rose at 11.5% against expectations of 16%:
8. Rupee strengthens as global risk taking rises: Interest rates seem favorable in India, this being key for higher capital flows into India.
9. Insured may have to part-pay medical bills: this comes in the backdrop of the recent stand-off between insurance companies and hospitals over inflated bills.
10. G-20 to finalise new tool to combat financial crisis when it meets in Nov ’10: IMF is in the process of finalizing a new tool that would provide insurance to countries during a crisis.
Indian Markets
11. Nifty on an uptrend, Q1 results could determine the direction of marketNifty Chart
12. FIIs and DIIs share different perspectives: FIIs remained net buyers to the extent of Rs. 4619 Cr (Month to date); DIIs sold Rs. 85 Cr (Month to date).
13. RBI objects to joint committee in ordinance on ULIPs.
14. SEBI against arbiter role for apex financial body: wants FSDC to stick to financial stability issues.
15. India gold buying stays weak on high prices: host of Hindu festivals lined up this month which could drive the demand upwards.
Sectors
16. FMCG Q1 sales to be volume-driven, margins crimped.
17. Auto sales and profit growth in June quarter may show less rise.
Stocks
18. L&T bags rig refurbishment order from ONGC. L&T Chart
19. Infy Q1 results disappoint: net income fell 2.4% from prev. year, due to higher tax charge and lower billing rates Infosys Technologies Chart
Quotes
20. "The real discipline comes in saying no to the wrong opportunities – Peter Drucker"
July 12, 2010
T20_07JUL2010
Global Markets
1. S&P 500 is making a turnaround, will positive global cues sustain? S&P Chart
2. Oil on consolidation mode, with a downward bias Oil Chart
3. Dollar cuts below 50DMA, consolidates just below $85 levels Dollar Chart
4. Gold’s dreamrun took a breather, is holding on to 50DMA, will it take support? Gold Chart
Economy
5. Monsoon revival gives a boost to fertiliser stocks: impetus to food-related sectors seen.
6. Govt opens debate on FDI in multi-brand retail: releases discussion paper for stakeholder's response.
7. New ULIP norms: LIC seeks not to tinker with agents commission, 90% of Corporation's biz comes from 1.45mn agents.
8. Home loan firms may see new lending rate norms: NHB to start exercise for a smooth transition.
9. Central bank hiked repo and reverse repo rates by 0.25% each: to 5.5% and 4% respectively.
Indian Markets
10. Nifty trading between a range, breakout awaitedNifty Chart
11. FIIs and DIIs share bullishness: FIIs remained net sellers to the extent of Rs. 448.3 Cr (Month to date). DIIs sold Rs. 122 Cr (Month to date).
12. Home loan firms may see new lending rate norms: NHB to start exercise for a smooth transition.
Sectors
13. Telecom dept to examine Pitroda panel's report on BSNL: Decision on BSNL IPO to be made soon.
14. Oil price deregulation: Auto, transportation sectors could bear the burnt, says analysts; upmove will affect India Inc with a lag of 3 months.
15. Power utilities get a 'green' shock: Regulator makes it mandatory for power cos to buy 6% renewable energy.
16. H1CY2010 total PE investments touched $4,571 million across 138 deals (excluding real estate): 3 fold increase over same period in the last calendar year.
17. Rate hike to ease base rate implementation: short-term rates have gone up, thus lending below the base rate, which is in the range of 7-8.25 per cent for most banks is ruled out.
Stocks
18. LIC hikes stake in Bharti Airtel to 5%; acquiring shares worth INR 131mn. Bharti Airtel Chart
19. RNRL-R Power merger to align the power and gas businesses of ADAG; 4:1 merger ratio declared Reliance Power Chart
Quotes
20. "Derivatives are financial weapons of mass destruction - Warren Buffett."
1. S&P 500 is making a turnaround, will positive global cues sustain? S&P Chart
2. Oil on consolidation mode, with a downward bias Oil Chart
3. Dollar cuts below 50DMA, consolidates just below $85 levels Dollar Chart
4. Gold’s dreamrun took a breather, is holding on to 50DMA, will it take support? Gold Chart
Economy
5. Monsoon revival gives a boost to fertiliser stocks: impetus to food-related sectors seen.
6. Govt opens debate on FDI in multi-brand retail: releases discussion paper for stakeholder's response.
7. New ULIP norms: LIC seeks not to tinker with agents commission, 90% of Corporation's biz comes from 1.45mn agents.
8. Home loan firms may see new lending rate norms: NHB to start exercise for a smooth transition.
9. Central bank hiked repo and reverse repo rates by 0.25% each: to 5.5% and 4% respectively.
Indian Markets
10. Nifty trading between a range, breakout awaitedNifty Chart
11. FIIs and DIIs share bullishness: FIIs remained net sellers to the extent of Rs. 448.3 Cr (Month to date). DIIs sold Rs. 122 Cr (Month to date).
12. Home loan firms may see new lending rate norms: NHB to start exercise for a smooth transition.
Sectors
13. Telecom dept to examine Pitroda panel's report on BSNL: Decision on BSNL IPO to be made soon.
14. Oil price deregulation: Auto, transportation sectors could bear the burnt, says analysts; upmove will affect India Inc with a lag of 3 months.
15. Power utilities get a 'green' shock: Regulator makes it mandatory for power cos to buy 6% renewable energy.
16. H1CY2010 total PE investments touched $4,571 million across 138 deals (excluding real estate): 3 fold increase over same period in the last calendar year.
17. Rate hike to ease base rate implementation: short-term rates have gone up, thus lending below the base rate, which is in the range of 7-8.25 per cent for most banks is ruled out.
Stocks
18. LIC hikes stake in Bharti Airtel to 5%; acquiring shares worth INR 131mn. Bharti Airtel Chart
19. RNRL-R Power merger to align the power and gas businesses of ADAG; 4:1 merger ratio declared Reliance Power Chart
Quotes
20. "Derivatives are financial weapons of mass destruction - Warren Buffett."
June 30, 2010
T20_30JUN2010
Global Markets
1. S&P 500 indicates bearish signals; is there a further downside? S&P Chart
2. Oil on consolidation mode, with a downward bias Oil Chart
3. Dollar continues to trade above 50EMA Dollar Chart
4. Gold maintains a slight upward tilt; with equities turning bearish, will it be another dream run? Gold Chart
Economy
5. Fuel price hike to increase inflationary woes: Domestic LPG prices were hiked by Rs. 35/cylinder and kerosene rates went up by Rs. 3/litre, petrol prices were decontrolled and diesel prices were hiked by Rs. 2/litre.
6. Rate hike likely in RBI Quarterly monetary review: Expectations rife that the rate hike is likely, ahead of which banks fix their base rate.
7. Dividend payout for 2009-10 at all-time high: No sizeable capital expansion plans, corporate India decided to be generous for financial year 2010, with its biggest-ever dividend distribution to shareholders.
8. Deflation bigger risk than inflation, PM tells G-20: Need to avoid premature withdrawal of stimulus
Indian Markets
9. Nifty falters around 5300 levels Nifty Chart
10. FIIs and DIIs share bullishness: FIIs remained net buyers to the extent of Rs. 9883.9 Cr (Month to date); DIIs bought Rs. 341.5 Cr (Month to date).
11. IRDA unsettles ULIPs: Makeover still on, wants to make ULIPs more investor friendly.
Sectors
12. Cement prices may fall 10% on lower demand.
13. Banks decide to set base rate: base rate is at 7.5%.
14. Auto makers, vendors at odds over supply issues: After an uptick, there is something to worry about.
15. RBI to launch house start index to gauge realty sector.
16. Core sector industries grow 5% in May,2010: This being an indication that IIP numbers could be strong, however, this was marginally short of 5.4% growth in April, 2010.
Stocks
17. Essar Steel International BV acquired Servosteel (Oakside Solutions), the largest independent steel processor in the UK.
18. Renuka Sugars to pay 25% less for Brazilian co Equipav SA buyout. Renuka Sugar Chart
19. NTPC to float fresh tender for boilers NTPC Chart
Quotes
20. "The really big money tends to be made by investors who are right on qualitative decisions but, at least in my opinion, the more sure money tends to be made on the obvious quantitative decisions." - Warren Buffett
1. S&P 500 indicates bearish signals; is there a further downside? S&P Chart
2. Oil on consolidation mode, with a downward bias Oil Chart
3. Dollar continues to trade above 50EMA Dollar Chart
4. Gold maintains a slight upward tilt; with equities turning bearish, will it be another dream run? Gold Chart
Economy
5. Fuel price hike to increase inflationary woes: Domestic LPG prices were hiked by Rs. 35/cylinder and kerosene rates went up by Rs. 3/litre, petrol prices were decontrolled and diesel prices were hiked by Rs. 2/litre.
6. Rate hike likely in RBI Quarterly monetary review: Expectations rife that the rate hike is likely, ahead of which banks fix their base rate.
7. Dividend payout for 2009-10 at all-time high: No sizeable capital expansion plans, corporate India decided to be generous for financial year 2010, with its biggest-ever dividend distribution to shareholders.
8. Deflation bigger risk than inflation, PM tells G-20: Need to avoid premature withdrawal of stimulus
Indian Markets
9. Nifty falters around 5300 levels Nifty Chart
10. FIIs and DIIs share bullishness: FIIs remained net buyers to the extent of Rs. 9883.9 Cr (Month to date); DIIs bought Rs. 341.5 Cr (Month to date).
11. IRDA unsettles ULIPs: Makeover still on, wants to make ULIPs more investor friendly.
Sectors
12. Cement prices may fall 10% on lower demand.
13. Banks decide to set base rate: base rate is at 7.5%.
14. Auto makers, vendors at odds over supply issues: After an uptick, there is something to worry about.
15. RBI to launch house start index to gauge realty sector.
16. Core sector industries grow 5% in May,2010: This being an indication that IIP numbers could be strong, however, this was marginally short of 5.4% growth in April, 2010.
Stocks
17. Essar Steel International BV acquired Servosteel (Oakside Solutions), the largest independent steel processor in the UK.
18. Renuka Sugars to pay 25% less for Brazilian co Equipav SA buyout. Renuka Sugar Chart
19. NTPC to float fresh tender for boilers NTPC Chart
Quotes
20. "The really big money tends to be made by investors who are right on qualitative decisions but, at least in my opinion, the more sure money tends to be made on the obvious quantitative decisions." - Warren Buffett
June 24, 2010
T20_24JUN2010
Global Markets
1. S&P 500 breaks down as fresh housing market worries retraces S&P Chart
2. Oil fell sharply due to unexpected jump in supply Oil Chart
3. Dollar takes support @ 50EMA; dollar tending towards stability Dollar Chart
4. Gold takes a breather to consolidate after a sparkling upward trend Gold Chart
Economy
5. Inflationary concerns fail to cool down: India's food price index rose 16.90% in the year to June 12, higher than the previous week's annual reading of 16.12%.
6. Monsoon rains 11% below normal: Trillion-dollar economy's farm output and economic growth, were 11.1% below normal for June 1-23, 2010.
7. FDI opening in retail, defence: India’s efforts to attract investments from the US was aimed at realizing the hope for double-digit economic growth by 2012.
Indian Markets
8. Nifty continues to stay bullish Nifty Chart
9. FIIs and DIIs share bullishness: FIIs remained net buyers to the extent of Rs. 7679 Cr (Month to date); DIIs bought Rs. 311 Cr (Month to date).
10. ULIP row ends; court rules in favor of IRDA.
11. New tax code: Brings a blow on ULIPs / Insurance and capital gains tax; long term investments like PPF, pension plans etc., spared.
Sectors
12. Service tax waived on power supply: Government has decided to exempt distribution of electricity, services provided within ports and airports.
13. Consumer durable industry witnesses 30% growth: Increase in summer sales which further lead to highest growth of 50% in sales of refrigerators and air conditioners.
14. Big pharma cuts R&D jobs as generics loom: Strict regulation and tight healthcare budgets force pharma majors to shift focus to acquiring cos and drug rights.
15. New accounting norms may make stock options a thing of the past: Cos may rework pay packages to include higher cash component, staggered bonus.
16. Banks step up efforts to strengthen tier -I capital: Not keen on perpetual debt route due to high cost of issuance.
Stocks
17. RCom looks to selling 26% stake in Globalcom: sale in optical fibre network after Infratel demerger Rcom Chart
18. Mukesh Ambani plans healthcare foray, sets eyes on 26% stake in Fortis: Greenfield route not ruled out; Reliance Life Sciences to continue as separate biz.
19. Govt plans to divest 10% in Neyveli Lignite; move to help mobilise INR 24bn Neyveli Lignite Chart
Quotes
20. You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA
1. S&P 500 breaks down as fresh housing market worries retraces S&P Chart
2. Oil fell sharply due to unexpected jump in supply Oil Chart
3. Dollar takes support @ 50EMA; dollar tending towards stability Dollar Chart
4. Gold takes a breather to consolidate after a sparkling upward trend Gold Chart
Economy
5. Inflationary concerns fail to cool down: India's food price index rose 16.90% in the year to June 12, higher than the previous week's annual reading of 16.12%.
6. Monsoon rains 11% below normal: Trillion-dollar economy's farm output and economic growth, were 11.1% below normal for June 1-23, 2010.
7. FDI opening in retail, defence: India’s efforts to attract investments from the US was aimed at realizing the hope for double-digit economic growth by 2012.
Indian Markets
8. Nifty continues to stay bullish Nifty Chart
9. FIIs and DIIs share bullishness: FIIs remained net buyers to the extent of Rs. 7679 Cr (Month to date); DIIs bought Rs. 311 Cr (Month to date).
10. ULIP row ends; court rules in favor of IRDA.
11. New tax code: Brings a blow on ULIPs / Insurance and capital gains tax; long term investments like PPF, pension plans etc., spared.
Sectors
12. Service tax waived on power supply: Government has decided to exempt distribution of electricity, services provided within ports and airports.
13. Consumer durable industry witnesses 30% growth: Increase in summer sales which further lead to highest growth of 50% in sales of refrigerators and air conditioners.
14. Big pharma cuts R&D jobs as generics loom: Strict regulation and tight healthcare budgets force pharma majors to shift focus to acquiring cos and drug rights.
15. New accounting norms may make stock options a thing of the past: Cos may rework pay packages to include higher cash component, staggered bonus.
16. Banks step up efforts to strengthen tier -I capital: Not keen on perpetual debt route due to high cost of issuance.
Stocks
17. RCom looks to selling 26% stake in Globalcom: sale in optical fibre network after Infratel demerger Rcom Chart
18. Mukesh Ambani plans healthcare foray, sets eyes on 26% stake in Fortis: Greenfield route not ruled out; Reliance Life Sciences to continue as separate biz.
19. Govt plans to divest 10% in Neyveli Lignite; move to help mobilise INR 24bn Neyveli Lignite Chart
Quotes
20. You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA
June 17, 2010
T20 16 Jun 2010
Global Markets
1. S&P 500 retraces above 200EMA – will the bullishness sustain? S&P Chart
2. Oil on a smart uptrend, tests 100EMA – is comfortably positioned above $75 Oil Chart
3. Dollar snaps uptrend, may retrace to fair valuations Dollar Chart
4. Gold continues it’s upward spree as the safe haven amidst much turmoil Gold Chart
Economy
5. Food inflation inches higher: rate hike imminent: Food inflation @ 16.74% against 16.55% in the previous week. WPI enters double digit, touches 10.16% in May v/s 9.59% in April.
6. Corporate Advance tax payments soar: Companies like RIL, TCS or the Tata Consultancy services, Bajaj auto and HPCL have deposited advance tax which is over 100% QoQ growth.
7. Revised Direct Tax Code: Tax exemption to pension and provident fund withdrawals and computing the Minimum Alternate Tax on profits retained.
Indian Markets
8. Nifty continues an unperturbed uptrend Nifty Chart
9. FIIs and DIIs have different perspectives: FIIs remained net buyers to the extent of Rs. 2051.8 Cr (Month to date); DIIs bought Rs. 888.2 Cr (Month to date)
Sectors
10. Large banks to announce base rate: Companies may have to pay more under base rate system, opinion divided, but other sources of finance may also become dearer.
11. Government approved infusing Rs 6,211 crore into five public sector banks: A move which will help in lending an additional Rs 77,637 crore to various sectors of the economy.
12. Auto continues to be on a high: Indian automobile industry posted its best performance in May with a 30% growth in car sales.
13. Govt approves RS 4 per kg rise in levy sugar price.
14. FDI lock-in for hotel & tourism projects to go: Proposal aims to boost room supply, support tourism industry.
Stocks
15. RCom plans to hive off tower arm. Rcom Chart
16. ONGC Videsh hives off 30% stake in Colombia block. ONGC Chart
17. Fatpipe withdraws IPO despite 85% subscription
18. Abbott sues SunPharma & Ranbaxy on cholesterol drug patents Abbott Chart
19. Larsen and Toubro bags Rs 747 crore deal L&T Chart
Quotes
20. Stock market is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart - Anonymous
1. S&P 500 retraces above 200EMA – will the bullishness sustain? S&P Chart
2. Oil on a smart uptrend, tests 100EMA – is comfortably positioned above $75 Oil Chart
3. Dollar snaps uptrend, may retrace to fair valuations Dollar Chart
4. Gold continues it’s upward spree as the safe haven amidst much turmoil Gold Chart
Economy
5. Food inflation inches higher: rate hike imminent: Food inflation @ 16.74% against 16.55% in the previous week. WPI enters double digit, touches 10.16% in May v/s 9.59% in April.
6. Corporate Advance tax payments soar: Companies like RIL, TCS or the Tata Consultancy services, Bajaj auto and HPCL have deposited advance tax which is over 100% QoQ growth.
7. Revised Direct Tax Code: Tax exemption to pension and provident fund withdrawals and computing the Minimum Alternate Tax on profits retained.
Indian Markets
8. Nifty continues an unperturbed uptrend Nifty Chart
9. FIIs and DIIs have different perspectives: FIIs remained net buyers to the extent of Rs. 2051.8 Cr (Month to date); DIIs bought Rs. 888.2 Cr (Month to date)
Sectors
10. Large banks to announce base rate: Companies may have to pay more under base rate system, opinion divided, but other sources of finance may also become dearer.
11. Government approved infusing Rs 6,211 crore into five public sector banks: A move which will help in lending an additional Rs 77,637 crore to various sectors of the economy.
12. Auto continues to be on a high: Indian automobile industry posted its best performance in May with a 30% growth in car sales.
13. Govt approves RS 4 per kg rise in levy sugar price.
14. FDI lock-in for hotel & tourism projects to go: Proposal aims to boost room supply, support tourism industry.
Stocks
15. RCom plans to hive off tower arm. Rcom Chart
16. ONGC Videsh hives off 30% stake in Colombia block. ONGC Chart
17. Fatpipe withdraws IPO despite 85% subscription
18. Abbott sues SunPharma & Ranbaxy on cholesterol drug patents Abbott Chart
19. Larsen and Toubro bags Rs 747 crore deal L&T Chart
Quotes
20. Stock market is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart - Anonymous
June 04, 2010
T20 2 Jun 2010
1. S&P 500 fails to take support @ 200EMA – Oil Leaks and Euro crises still lurks to deepen the wound S&P Chart
2. Oil shows signs of recovery after it bounces from below $70 levels, but this did not last long Oil Chart
3. Dollar is on a consolidation mode after a fairly long upward spree Dollar Chart
4. Gold continues it’s upward spree as the safe haven amidst much turmoil Gold Chart
Economy
5. Food inflation rises to 16.55%: Inflation increased by 0.32% point from 16.23% in the previous week
6. GDP grew 8.6% Q4FY10: Manufacturing and mining played stellar roles; Full-year 2009-10 growth was 7.4%
7. Insurers push pension products this month: Anticipating a fall in sales of pension products after new guidelines kick in from July, life insurance companies are making a strong pitch to sell these this month
Indian Markets
8. Nifty remains buoyant with encouraging domestic numbers, despite few setbacks from global cues Nifty Chart
9. FIIs and DIIs have different perspectives: FIIs remained net sellers to the extent of Rs. 7598 Cr (for month ending May ‘10); DIIs bought Rs. 98 Cr (for month ending May ‘10)
Sectors
10. Auto in top gear: Robust demand on the back of strong economic growth and rising incomes, as reflected in the sales volumes in May ‘10, should enable the domestic auto sector to grow over 15% in 2010-11
11. Banks borrow more from RBI as liquidity remains tight: Day after the conclusion of the 3G auction process, the net borrowing by banks from the RBI under the liquidity adjustment facility (LAF) doubled to Rs 12,775 cr
12. Copper near two-week low on China concerns: Global cues have been driving most commodities southwards, Copper was deeply hit during the week
Stocks
13. Colgate rallies on open offer news Colgate Chart
14. RCOM surged on the bourses after UAE-based Etisalat was in talks to buy a 25% stake in the company RCOM Chart
15. HUL market share continues to fall as FMCG revenues recover
16. Renuka Sugars seals revised Equipav deal, for lower price: It will now be getting the 51% controlling interest by paying only $240 million or Rs 1,080 crore, 25% less than its original bid Renuka Sugars Chart
17. Hinduja Group plans $30-bn India play: Expansion plans rife over next 5 years’
18. After M&M takeover, Logan sales perk up: M&M results were impressive as it clocked Rs. 570.26 Cr of net profit (36.4% higher than previous years’ Q4)
Quotes
19. "A pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons” – Warren Buffet
2. Oil shows signs of recovery after it bounces from below $70 levels, but this did not last long Oil Chart
3. Dollar is on a consolidation mode after a fairly long upward spree Dollar Chart
4. Gold continues it’s upward spree as the safe haven amidst much turmoil Gold Chart
Economy
5. Food inflation rises to 16.55%: Inflation increased by 0.32% point from 16.23% in the previous week
6. GDP grew 8.6% Q4FY10: Manufacturing and mining played stellar roles; Full-year 2009-10 growth was 7.4%
7. Insurers push pension products this month: Anticipating a fall in sales of pension products after new guidelines kick in from July, life insurance companies are making a strong pitch to sell these this month
Indian Markets
8. Nifty remains buoyant with encouraging domestic numbers, despite few setbacks from global cues Nifty Chart
9. FIIs and DIIs have different perspectives: FIIs remained net sellers to the extent of Rs. 7598 Cr (for month ending May ‘10); DIIs bought Rs. 98 Cr (for month ending May ‘10)
Sectors
10. Auto in top gear: Robust demand on the back of strong economic growth and rising incomes, as reflected in the sales volumes in May ‘10, should enable the domestic auto sector to grow over 15% in 2010-11
11. Banks borrow more from RBI as liquidity remains tight: Day after the conclusion of the 3G auction process, the net borrowing by banks from the RBI under the liquidity adjustment facility (LAF) doubled to Rs 12,775 cr
12. Copper near two-week low on China concerns: Global cues have been driving most commodities southwards, Copper was deeply hit during the week
Stocks
13. Colgate rallies on open offer news Colgate Chart
14. RCOM surged on the bourses after UAE-based Etisalat was in talks to buy a 25% stake in the company RCOM Chart
15. HUL market share continues to fall as FMCG revenues recover
16. Renuka Sugars seals revised Equipav deal, for lower price: It will now be getting the 51% controlling interest by paying only $240 million or Rs 1,080 crore, 25% less than its original bid Renuka Sugars Chart
17. Hinduja Group plans $30-bn India play: Expansion plans rife over next 5 years’
18. After M&M takeover, Logan sales perk up: M&M results were impressive as it clocked Rs. 570.26 Cr of net profit (36.4% higher than previous years’ Q4)
Quotes
19. "A pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons” – Warren Buffet
May 07, 2010
T20 6 May 2010
Global Markets
1. S&P 500 ends below 50EMA; Jitters run down the spine as PIGS crises deepens S&P chart
2. Oil takes a beating as USD strengthens; volatility cannot in anyway be attributed to supply-demand since there is limited news on the same Oil chart
3. Europe Contagion Infects Global Markets: Portugal follows Greece way, concerns rise around the world markets
4. Dollar spikes as more skeletons tumble out of the EURO cupboard Dollex chart
5. Gold made a smart recovery from 50EMA; Indian Gold demand may rise citing Akshaya Trithiya and Dhanteras in the offing Gold chart
Economy
6. Government is ready for disinvestment in Nalco, will raise 2000 Cr
7. Consumer price index (CPI) rose 14.86% in Mar ’10; Food inflation dips to 13.93% for week April 24, 2010
8. EPFO is switching to an electronic payment system; to allow credit of PF amount to members’ bank account within two days of claim authorization
Indian Markets
9. Nifty falls below 200EMA; continues on a downward spree as global crises digs deeper Nifty chart
10. FIIs and DIIs have different perspectives: FIIs remained net buyers to the extent of Rs. 9969.5 Cr for April, 2010; DIIs offloaded Rs. 1411 Cr in April, 2010
Sectors
11. India to retain control over sugar sector: Govt. was likely to ease controls in the wake of a recovery in production prospects in the world's largest consumer of sugar
12. Govt. is aiming to raise Rs 40,000 crore this fiscal through stake sale in public sector entities
13. Govt. has raised the export duty on iron ore lumps to 15% from 10% previously
Stocks
14. L&T on aggressive expansion abroad LnT chart
15. JSPL bid for Ziscosteel rejected JSP chart
16. Jagran buys Mid-Day's publication business Jagran chart
17. Small car engine ready, says Bajaj: Expected to compete with TATA motors’ NANO, the car is developed in partnership with Renault-Nissan BajajAuto chart
18. Patent office rejects Roche claim on eye drug: Swiss drug multinational Roche AG suffered yet another setback in its ongoing patent fights in India after the Chennai patent office rejected its claim over Valcyte
19. Wipro Consumer in expansion mode: Wipro Consumer Care and Lighting is planning to make an investment of around Rs 80 crore this year to augment its production capacity Wipro chart
Quotes
20. "The key to making money in stocks is not to get scared out of them." - Peter Lynch
1. S&P 500 ends below 50EMA; Jitters run down the spine as PIGS crises deepens S&P chart
2. Oil takes a beating as USD strengthens; volatility cannot in anyway be attributed to supply-demand since there is limited news on the same Oil chart
3. Europe Contagion Infects Global Markets: Portugal follows Greece way, concerns rise around the world markets
4. Dollar spikes as more skeletons tumble out of the EURO cupboard Dollex chart
5. Gold made a smart recovery from 50EMA; Indian Gold demand may rise citing Akshaya Trithiya and Dhanteras in the offing Gold chart
Economy
6. Government is ready for disinvestment in Nalco, will raise 2000 Cr
7. Consumer price index (CPI) rose 14.86% in Mar ’10; Food inflation dips to 13.93% for week April 24, 2010
8. EPFO is switching to an electronic payment system; to allow credit of PF amount to members’ bank account within two days of claim authorization
Indian Markets
9. Nifty falls below 200EMA; continues on a downward spree as global crises digs deeper Nifty chart
10. FIIs and DIIs have different perspectives: FIIs remained net buyers to the extent of Rs. 9969.5 Cr for April, 2010; DIIs offloaded Rs. 1411 Cr in April, 2010
Sectors
11. India to retain control over sugar sector: Govt. was likely to ease controls in the wake of a recovery in production prospects in the world's largest consumer of sugar
12. Govt. is aiming to raise Rs 40,000 crore this fiscal through stake sale in public sector entities
13. Govt. has raised the export duty on iron ore lumps to 15% from 10% previously
Stocks
14. L&T on aggressive expansion abroad LnT chart
15. JSPL bid for Ziscosteel rejected JSP chart
16. Jagran buys Mid-Day's publication business Jagran chart
17. Small car engine ready, says Bajaj: Expected to compete with TATA motors’ NANO, the car is developed in partnership with Renault-Nissan BajajAuto chart
18. Patent office rejects Roche claim on eye drug: Swiss drug multinational Roche AG suffered yet another setback in its ongoing patent fights in India after the Chennai patent office rejected its claim over Valcyte
19. Wipro Consumer in expansion mode: Wipro Consumer Care and Lighting is planning to make an investment of around Rs 80 crore this year to augment its production capacity Wipro chart
Quotes
20. "The key to making money in stocks is not to get scared out of them." - Peter Lynch
May 06, 2010
April 30, 2010
T20 28 April 2010
Global Markets
1. S&P500 is upward bound as earnings trickle-in. S&P chart
2. Oil remains range bound; bounces after taking support @ 50EMA Crude chart
3. Euro falls on Greece’ failure: Germany's chancellor said Greece must commit to further savings measures before Germany can approve emergency aid
4. Dollar gains against strong earnings backdrop and Greece turmoil Dollex chart
5. Gold trades with an upward bias after taking support at 50EMA Gold chart
Economy
6. Sebi seeks views on exchange ownership limits, listing: Has setup panel which will address queries on foreign holding in Indian exchange, dual listing etc.,
7. Insurance firms set to defy SEBI: Insurers are working on new insurance-cum-investment schemes and they plan to approach their regulator IRDA to launch the same
8. Finance ministry to set up panel to reform small savings interest rates
Indian Markets
9. Nifty on an cautious upward trend on the backdrop of corporate earnings Nifty chart
10. FIIs and DIIs have different perspectives: FIIs remained net buyers upto Rs. 2995 Cr; DIIs finally bought into the domestic markets with Rs. 335 Cr
11. Finance ministry is likely to prescribe next month the minimum 25% public holding for listed companies
Sectors
12. Pharma firms see scope in US patent expiry: 34 Indian companies as having positioned themselves to tap this emerging opportunity
13. PEs gain upper hand in realty deals: Steep ‘waterfall clauses’, mezzanine, cash-out deals feature in deals seen in the sector
14. Cash-strapped oil firms may sell bonds: With oil prices above the $80 a barrel mark, government oil marketing companies (OMCs) are selling oil bonds to meet their working capital needs
Stocks
15. SBI ventures into green power; Ties up with Suzlon, 10 wind mills will be set up in Gujarat, Maharashtra and TN SBI chart
16. NTPC plans $500-million ECB; March quarter net drops 8% NTPC chart
17. Areva T&D Q1 net dips 93.24%; this leads to a downward spree Areva chart
18. Sterlite net up 130% on higher prices; company also announced a bonus share issue and a stock split that moved the stock by 6% to Rs 842.5 a share
19. Hanung Toys gets US order worth $90 mn Hanung toys chart
Quotes
20. "The best stock to buy may be the one you already own." - Peter Lynch
1. S&P500 is upward bound as earnings trickle-in. S&P chart
2. Oil remains range bound; bounces after taking support @ 50EMA Crude chart
3. Euro falls on Greece’ failure: Germany's chancellor said Greece must commit to further savings measures before Germany can approve emergency aid
4. Dollar gains against strong earnings backdrop and Greece turmoil Dollex chart
5. Gold trades with an upward bias after taking support at 50EMA Gold chart
Economy
6. Sebi seeks views on exchange ownership limits, listing: Has setup panel which will address queries on foreign holding in Indian exchange, dual listing etc.,
7. Insurance firms set to defy SEBI: Insurers are working on new insurance-cum-investment schemes and they plan to approach their regulator IRDA to launch the same
8. Finance ministry to set up panel to reform small savings interest rates
Indian Markets
9. Nifty on an cautious upward trend on the backdrop of corporate earnings Nifty chart
10. FIIs and DIIs have different perspectives: FIIs remained net buyers upto Rs. 2995 Cr; DIIs finally bought into the domestic markets with Rs. 335 Cr
11. Finance ministry is likely to prescribe next month the minimum 25% public holding for listed companies
Sectors
12. Pharma firms see scope in US patent expiry: 34 Indian companies as having positioned themselves to tap this emerging opportunity
13. PEs gain upper hand in realty deals: Steep ‘waterfall clauses’, mezzanine, cash-out deals feature in deals seen in the sector
14. Cash-strapped oil firms may sell bonds: With oil prices above the $80 a barrel mark, government oil marketing companies (OMCs) are selling oil bonds to meet their working capital needs
Stocks
15. SBI ventures into green power; Ties up with Suzlon, 10 wind mills will be set up in Gujarat, Maharashtra and TN SBI chart
16. NTPC plans $500-million ECB; March quarter net drops 8% NTPC chart
17. Areva T&D Q1 net dips 93.24%; this leads to a downward spree Areva chart
18. Sterlite net up 130% on higher prices; company also announced a bonus share issue and a stock split that moved the stock by 6% to Rs 842.5 a share
19. Hanung Toys gets US order worth $90 mn Hanung toys chart
Quotes
20. "The best stock to buy may be the one you already own." - Peter Lynch
April 26, 2010
T20-23 Apr 2010
Global Markets
1. S&P500 remains range bound; hovers around the same level of last week’s close. S&P chart
2. Goldman Sachs woes hurt sentiment: GS was charged with fraud by SEC that it created fraudulent securities tied to a hedge fund's bet on a housing collapse
3. Oil declines on global turbulence; investors move towards safer haven. Crude chart
4. Dollar rises on Goldman-inspired risk aversion Dollex chart
5. Gold also corrected: Are investors losing faith in anything with ‘Gold’ (Gold and ‘Gold’man Sachs)? Gold chart
Economy
6. RBI announces 25 bps hike across the board: Repo, reverse repo @ 5.25% and 3.75%, respectively, while CRR @ 6%; measure to absorb Rs. 12,500-crore excess cash from the banking system
7. India’s Forex reserve strengthens: India's foreign exchange reserves rose by $932 million to $280 billion during the week ended April 9, 2010, largely on account of revaluation of non-dollar assets
8. SEBI order may not affect life insurers in near term: Ban on sale of ULIPs happens to be in a comparatively lean period. Interesting to see which regulator wins the battle of control for ULIPs.
Indian Markets
9. Nifty corrects; takes support at 50EMA Nifty Chart
10. FIIs and DIIs have different perspectives: FIIs remained net buyers pumping in 1300 Cr; DIIs remained damp squid by selling out over Rs. 530 Cr
Sectors
11. Steel makers weigh options as iron ore pricing changes: European steel makers fight to stick to annual iron ore pricing
12. Ministry eases green norms for coal mine expansion: Coal mine developers may be exempted from public hearings for abstaining clearance for expansion
13. Provisional gas transmission tariff for Reliance, GAIL networks approved: Regulators fixes tariff lower than proposed by 2 cos.
14. Credit growth in 2009-10 surpasses RBI estimate: PSB's lending grows 19.5%,private sector banks by 11.7%
Stocks
15. Mahindra & Mahindra to buyout Renault’s 49% stake in joint venture. M&M chart
16. Hero Honda posts its best quarterly result: Turnover for the just concluded quarter also went up by 20.2%, at Rs 4,122.3 crore vis-Ã -vis Rs 3,430.4 crore in the corresponding quarter last year. Hero honda chart
17. SAIL raises INR 5.5bn ($125mn) funds through bonds
18. JSW acquires control of South African coal mining co., JSW chart
19. 3G price bid up by 73% at INR 60.68bn ($1.37bn)
Quotes
20. "To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks." - Benjamin Graham
1. S&P500 remains range bound; hovers around the same level of last week’s close. S&P chart
2. Goldman Sachs woes hurt sentiment: GS was charged with fraud by SEC that it created fraudulent securities tied to a hedge fund's bet on a housing collapse
3. Oil declines on global turbulence; investors move towards safer haven. Crude chart
4. Dollar rises on Goldman-inspired risk aversion Dollex chart
5. Gold also corrected: Are investors losing faith in anything with ‘Gold’ (Gold and ‘Gold’man Sachs)? Gold chart
Economy
6. RBI announces 25 bps hike across the board: Repo, reverse repo @ 5.25% and 3.75%, respectively, while CRR @ 6%; measure to absorb Rs. 12,500-crore excess cash from the banking system
7. India’s Forex reserve strengthens: India's foreign exchange reserves rose by $932 million to $280 billion during the week ended April 9, 2010, largely on account of revaluation of non-dollar assets
8. SEBI order may not affect life insurers in near term: Ban on sale of ULIPs happens to be in a comparatively lean period. Interesting to see which regulator wins the battle of control for ULIPs.
Indian Markets
9. Nifty corrects; takes support at 50EMA Nifty Chart
10. FIIs and DIIs have different perspectives: FIIs remained net buyers pumping in 1300 Cr; DIIs remained damp squid by selling out over Rs. 530 Cr
Sectors
11. Steel makers weigh options as iron ore pricing changes: European steel makers fight to stick to annual iron ore pricing
12. Ministry eases green norms for coal mine expansion: Coal mine developers may be exempted from public hearings for abstaining clearance for expansion
13. Provisional gas transmission tariff for Reliance, GAIL networks approved: Regulators fixes tariff lower than proposed by 2 cos.
14. Credit growth in 2009-10 surpasses RBI estimate: PSB's lending grows 19.5%,private sector banks by 11.7%
Stocks
15. Mahindra & Mahindra to buyout Renault’s 49% stake in joint venture. M&M chart
16. Hero Honda posts its best quarterly result: Turnover for the just concluded quarter also went up by 20.2%, at Rs 4,122.3 crore vis-Ã -vis Rs 3,430.4 crore in the corresponding quarter last year. Hero honda chart
17. SAIL raises INR 5.5bn ($125mn) funds through bonds
18. JSW acquires control of South African coal mining co., JSW chart
19. 3G price bid up by 73% at INR 60.68bn ($1.37bn)
Quotes
20. "To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks." - Benjamin Graham
April 15, 2010
T20-April 14 2010
Global Markets
1. S&P500 inches higher; achieves fresh 18-month high S&P chart
2. US cuts deficit: US Govt. had a budget deficit of 65.39 bn dollars in Mar 2010, deficit to date for fiscal year 2010 is 9.9% of GDP
3. Oil declines on oversupply worries Crude oil chart
4. Dollar fell slightly after Greece successfully sold $2.1 billion in sovereign debt Dollex chart
Economy
5. SEBI calls foul over ULIPs: SEBI contends to take control of the investment part of the life insurance products popularly called as ULIPs
6. FinMin wants all financial products to move to 'no-entry load': Amidst the SEBI and IRDA hoopla over ULIPs comes this dramatic statement by FM
7. Interest rates may rise to cool spiraling food inflation: India’s food prices rose 17.7% in the week to Mar 27, 2010 – speculations rife that interest rates are set to rise
8. PE firms interested in India like never before: PE firms invest $2bn through 56 deals in Mar ‘10 quarter; Asian Genco tops the list with $425mn
Indian Markets
9. Nifty shivers, remains range-bound albeit with a negative bias. Nifty chart
10. FIIs and DIIs have different perspectives: FIIs were net buyers over the past 5 trading sessions pumping over 1150 Cr; DIIs remained damp squid by selling out over Rs. 620 Cr
Sectors
11. 3G auction – 6 rounds completed on Day 4: All-India price at the end of round 22 stands at Rs 4,583 crore
12. Crude spiral may spike oil major's capex plans: Debt burden of IOC,HPCL,BPCL exceeds INR 1100bn
13. Sugar continues to taste bitter: Sugar industry wants rollback of duty free import extension
14. Truck rentals stabilize in Mar 2010: Rates had risen by over 20% since Nov 2009 in high demand shortage
Stocks
15. Infosys Q4 net grows 2.21 pc to Rs 1617 crore, Company has recommended a final dividend of Rs 15 /equity share Infy chart
16. Malvinder & Shivinder quit Religare board; brothers to focus on healthcare, Sunil Godhwani is new CMD
17. IndusInd Bank raises INR 4.2bn($95mn) thru tier -2 bonds
18. Opto Circuits (India) Ltd has acquired Kolkata-based N.S. Remedies Ltd for $1.50 million in an all-cash deal Opto chart
19. Persistent Systems jumps 33% on Day 1: 2.41 crore shares traded on both BSE & NSE
Quotes
20. "As long as we can make an annual 15% return on equity, I don't worry about one quarter's results." - Warren Buffett
1. S&P500 inches higher; achieves fresh 18-month high S&P chart
2. US cuts deficit: US Govt. had a budget deficit of 65.39 bn dollars in Mar 2010, deficit to date for fiscal year 2010 is 9.9% of GDP
3. Oil declines on oversupply worries Crude oil chart
4. Dollar fell slightly after Greece successfully sold $2.1 billion in sovereign debt Dollex chart
Economy
5. SEBI calls foul over ULIPs: SEBI contends to take control of the investment part of the life insurance products popularly called as ULIPs
6. FinMin wants all financial products to move to 'no-entry load': Amidst the SEBI and IRDA hoopla over ULIPs comes this dramatic statement by FM
7. Interest rates may rise to cool spiraling food inflation: India’s food prices rose 17.7% in the week to Mar 27, 2010 – speculations rife that interest rates are set to rise
8. PE firms interested in India like never before: PE firms invest $2bn through 56 deals in Mar ‘10 quarter; Asian Genco tops the list with $425mn
Indian Markets
9. Nifty shivers, remains range-bound albeit with a negative bias. Nifty chart
10. FIIs and DIIs have different perspectives: FIIs were net buyers over the past 5 trading sessions pumping over 1150 Cr; DIIs remained damp squid by selling out over Rs. 620 Cr
Sectors
11. 3G auction – 6 rounds completed on Day 4: All-India price at the end of round 22 stands at Rs 4,583 crore
12. Crude spiral may spike oil major's capex plans: Debt burden of IOC,HPCL,BPCL exceeds INR 1100bn
13. Sugar continues to taste bitter: Sugar industry wants rollback of duty free import extension
14. Truck rentals stabilize in Mar 2010: Rates had risen by over 20% since Nov 2009 in high demand shortage
Stocks
15. Infosys Q4 net grows 2.21 pc to Rs 1617 crore, Company has recommended a final dividend of Rs 15 /equity share Infy chart
16. Malvinder & Shivinder quit Religare board; brothers to focus on healthcare, Sunil Godhwani is new CMD
17. IndusInd Bank raises INR 4.2bn($95mn) thru tier -2 bonds
18. Opto Circuits (India) Ltd has acquired Kolkata-based N.S. Remedies Ltd for $1.50 million in an all-cash deal Opto chart
19. Persistent Systems jumps 33% on Day 1: 2.41 crore shares traded on both BSE & NSE
Quotes
20. "As long as we can make an annual 15% return on equity, I don't worry about one quarter's results." - Warren Buffett
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