T20-Feb17

1. Dollar strengthens as EURO continues to battle its debt woes - Dollex @ $80; could a sustained upmove trigger a downtrend in equities and commodities? Or will it take a breather – see oil chart of point 2. USD chart

2. Crude oil turns bullish? Crude marched up closing @ $74.52 / barrel from $73.14 / barrel a week ago; MACD crosses signal line which indicates a bullish outlook. Crude Oil chart

3. To do or not to do? - US Federal Reserve is in talks with money-market mutual funds on agreements to help drain as much as $1 trillion from the financial system as it prepares for the first interest-rate increase since June 2006

4. Bleeding Greece gets a band-aid - Germany stands upright as the knight in shining armour; more announcements on specifics to trickle in. Will this reduce cash flows into emerging markets?

5. Nifty takes support at 200EMA - With an important event like budget round the corner, will it make or break? Nifty chart

6. Reason for the upmove- FIIs and DIIs turn bullish simultaneously for the first time over past 6 trading sessions - On 11 Feb 2010 DIIs & FIIs stood net buyers @ Rs. 37 Crs and Rs. 351 Crs respectively

7. Gold continues to lure investors - Local yellow metal closed @ Rs. 16731 / 10 gm on 16 Feb 2010, there has been a sharp pullback. Gold chart

8. IIP beats street expectations - IIP exceeded expectations, growing 16.8% in December against Street estimates of 13.5-14%; With skeletons tumbling out of the global closet, can India become a contrarian call? :)

9. Inflation is when you pay 15 dollars for the 10-dollar haircut you used to get for five dollars when you had hair - - Sam Ewing

10. Taming Inflation; Mission Impossible - Food Inflation @ 17.94% against 17.56% last week; no signs of cooling off. Overall Inflation (WPI) soars to 15-Month High Of 8.56%!

11. Business sector loses confidence in Indian political ability: Political confidence index drops 16.5% which indicates that the business sector has lost confidence in the political management of economic policies

12. RBI introduces Base rate to replace BPLR - Banking shares rose after the announcement, this move brings in additional transperancy. This base rate system would be effective from 1st April, 2010

13. Enjoy your long rides until fuel price rise woes last – FM (Finance Minister) and PM (Petroleum Minister) failed to reach consensus on the fuel price increase – has been postponed for the moment.

14. Railway Sector stocks leave the station and accelerate prior to budget –
Company Price

Table

15. Divestment plans on track; Will this help ease fiscal deficit? Govt. mulling capital infusion into Public Sector Banks. SAIL, Hindustan Copper, BSNL stand inline for divestment

16. Bharti Dials Zain - Bharti Airtel is in exclusive talks to buy for USD 10.7 billion in cash most of Zain's African business. Stock’s on a downward spiral, charting indicators turn bearish Bharti chart

17. Spicejet - Fundamentally strong, technically bleak? Logged net profits of 108Cr in Qtr ended Dec ’09; Domestic passenger traffic increased by 23% last month over the same period last year. Istithmar PJSC, Dubai offloaded 13.05% stake in SpiceJet; this was bought by Reliance / Birla SL / DSPBR MFs and an FII SpiceJet chart

18. CalPERS eyeing Indian Infrastructure Projects - One of US’ largest public pension funds is looking at infrastructure investments in India. News floats that Indian Govt. is considering a proposal to raise Rs. 500 bn of funds (via domestic & foreign sources) to meet the long-term needs of PPP projects

19. ULIPs get a makeover - From Diversified Portfolio, ULIP Schemes Now Shift To Sectoral Investment Plans. Private insurers have already launched schemes which invest in sectors like Infrastructure & PSU

20. Now add a dash of International flavor to your portfolio - Benchmark Mutual Fund launches India's 'first-ever international exchange traded fund (ETF)' – Hang Seng BeES





Disclaimer: Right Horizons has used information that is publicly available and developed in-house; and gathered from sources believed to be reliable. Right Horizons does not warrant accuracy and/or completeness of the same. This column is purely for educational purposes, nothing contained herein is a solicitation to trade or recommendation for any specific investment. Right Horizons shall not be responsible for any loss or damage of any nature, including and not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss or profit in any way arising out of any action undertaken by reading this column.