1. Greece bailout & AIG Deal uplifts global spirit: Greece is closer to a bailout deal and AIG's sale of its Asian unit propelled S&P 500 and Dow to cross above crucial 50EMA and trade on a positive note. S&P500 chart
2. Dollar strengthens against Euro / Pound: British pound plunged versus the dollar on political uncertainty in Britain; Euro continues to fall on debt worries
3. China weakens while US recovers slowly: Buffett says US economy recovering but at slow rate; Consumers is still not spending much. Pace of Chinese manufacturing eased last month which suggests lower government spending and steps to curb credit growth
4. George Soros triples Exposure to Gold: Despite believing that Gold is a bubble about to burst, Soros Fund Mgt., LLC, increased its investment in SPDR Gold Trust, the world’s largest Gold ETF by 152% in Q4
5. Food inflation eases by a tad: Food inflation falls to 17.58% for the week ended February 13 from 17.97% in the previous week
6. Budget makes few things expensive: Consumer durables, car prices, automobiles, fuel, bullion, cigarettes etc. become dearer
7. Fuel prices increase: With the budget announcement on central excise and custom duty; Petrol increased by Rs.3/litre & Diesel by about Rs.2/litre. Prices of cooking gas may be raised by Rs.50/cylinder and Kerosene by 3/litre
8. Nifty crosses 50EMA and 5000 which was a strong resistance: Budget was a key event which enthused the market into the much needed positive territory, markets have been range bound lately. Nifty chart
9. FIIs remain bullish on Indian markets: FIIs remained net buyers with over Rs. 1140 crore bought into Indian Equity markets
10. Agri-commodities recovers after a 2 year fall: Futures trading in agri-commodities recovered in 2009 and grew by 48% at Rs 10.88 lakh crore over the previous year on the back of the government lifting ban on five farm items
11. More competition in store for banks as RBI readies to issue banking licenses to NBFCs: Host of NBFCs such as IDFC, Aditya Birla Fin. Services, Reliance Cap, Religare Ent and Indiabulls are queuing at RBI to seek banking licenses
12. Two sectors making news at the moment – Auto & Banks both very elated post budget
13. Re-alignment of Pantaloon to create value unlocking for stakeholders: Kishore Biyani-promoted Pantaloon Retail said its board had approved the merger of the consumer durables and home improvement units of its subsidiary, Home Solutions Retail, with itself. Pantaloon chart
14. Copper supply interrupted: Due to Chile tusanmi, Copper supply is disturbed which leads to Copper prices soaring in LME index. Keep an eye on Hindustan Copper
15. TATA Motors: Company reported strong vehicle sales in the month just gone by. JLR demonstrated the ability to turn around volumes and realizations, while keeping costs in check. Tata motors chart
16. Reliance Industries: Bankrupt petrochemicals maker Lyondell Basell rejected a bid for takeover by India's Reliance Industries Ltd. Stock takes support at 50EMA after a free fall. RIL chart
17. Put not your trust in money, but put your money in trust. - Oliver Wendell Holmes
18. Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception. – George Soros
19. Rate of tax on services has been retained at 10% to pave the way forward for GST – GST Implementation date affixed on Apr,2011
20. Budget week ends on a happy note : ‘Aam Aadmi’ is happy with tax slab changes, so are the corporates with the surcharge reduction, many sectors rejoice and continue with the post budget gains. IT slabs
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