2. The 'PIGS' give Sensex the creeps - European nations Portugal, Italy, Greece, Spain are on the verge of defaulting on their debt payment. Is there more to come?
3. Insurance companies may increase investments in the nation’s stocks by 24% to a record $21 billion next FY as premium collections rise – will domestic institutions lead the next rally?
4. Bears hammer the yellow metal: Goldbees a popular Indian Gold ETF closed below crucial level of 1600 on the last trading day of the week on high volumes. Will there be a pullback?
5. Fiscal Deficit in focus before budget: Is currently at a 16 year high of 6.8%, finance ministry hints to bring it down to 5.5% in FY11 and further to 4% by FY2012- will this be funded by higher taxes or disinvestment?
6. Kirit gets cracking on fuel pricing: Panel headed by Kirit Parekh advocated market based prices for auto fuels and gradual increase for cooking fuels. Negative to consumers, positive to oil marketing companies.
7. GAIL to benefit most by Kirit’s recommendations: GAIL has not been included in the new proposed graded subsidy sharing mechanism as the proposed formula would be applicable only to players that were given nominated blocks by the government (ONGC, OIL).
8. One burning issue apart from 'Mumbai and Marathis', is the food inflation: For week ended Jan 23, 2010 it was pegged @ 17.56% as against 17.4% previous week.
9. Credit Suisse downgrades India to 'Underweight' - sell real estate, consumer cyclicals and rate sensitive stocks - Historically cyclicals & rate sensitive tend to underperform in a rising interest rate environment
10. Except for Consumer Durables sector which gained 2.9% all other indices ended lower. Worst performing indices during the week were Realty (-7.1%), Banking(-4.5%), PSU(-3.9%), Power(-3.8%) & Metal(-3.8%).
11. Indian auto industry shines: Highest ever sales in a single month at over 11 lakh units in January 10, boosted by easy availability of retail finance and soft interest rates. Does this signal an economic revival?
12. Private equity firm TPG is eyeing major stake in crises hit Vishal Retail. Likely to infuse Rs. 250 Crore
13. IDBI Bank ready to acquire a regional bank to establish their presence in south India - Probable acquisition targets are Karur Vysya Bank, Karnataka Bank or Lakshmi Vilas Bank.
14. Guj NRE Coke has posted a Net profit at Rs267m improved 100% YoY and 32% QoQ. The World coal consumption in year 2008 was at 6.7billion tonne vs production of 6.8b tonne. With the coal demand seeing an upturn this could benefit the company further.
15. Axis bank withdraws its teaser home loan scheme before schedule - The increase in the cash reserve ratio (CRR) seems to have started taking a toll on interest rates
16. Siemens & Astra micro budget play, defense allocation exposure
17. Jet airways on cloud nine: The airline has reported a 25.9% surge in domestic and 29.6% surge in international passenger traffic in January against the same period last year.
18. "It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong."- George Soros
19. Whether we’re talking about socks or stocks, I like buying quality merchandise when it is market down – Warren Buffet
20. In stocks, Time is your friend, impulse is your enemy. –John Bogle
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