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-à-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-à-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
April 09, 2010
T20-8th April 2010
Global Markets
1. S&P500 rose 4.9% in Q1; best quarter since 1998 S&P chart
2. Dow flirts with 11000 Dow chart
3. 10-year Treasury note yield rose to 4% Monday for the first time in 18 months: Important psychology level breached in the backdrop of strong economic data
4. Crude on a 18 month high crude chart
5. Dollar remains bumpy but bullish Dollex chart
Economy
6. FinMin pitched for imparting fresh impetus: Economic recovery to quickly revert to the 9% growth rate & cross double digit growth barrier
7. Food inflation woes continue: Food price index rose an annual 16.35% in the same period, above the previous week's reading of 16.22%
8. FDIs to participate in divestment? Finance Ministry advisers have made a case for allowing FDIs in the retail sector and selling Govt. equity in company’s to be divested
Indian Markets
9. Nifty and Sensex make a 2 year high Nifty chart
10. FIIs and DIIs have different perspectives: FIIs were net buyers for the quarter JFM ’10 by pumping in Rs. 20,500 crs; DIIs were net sellers by taking away Rs. 5,800 cr
11. Quarter results of companies to come in early: SEBI instructs companies to announce quarterly results within 45 days
Sectors
12. All bidders qualify for 3G,broadband spectrum auction: 'Eligibility points' to determine contenders ability
13. Steel & Iron Ore price hike announced: Hike likely by INR 3000 a tonne and additional 10% respectively from April on back of spike in input costs
14. Bankers see 22% growth in credit this fiscal: To decide on interest rate hikes after monetary policy
15. Infra to stay in limelight: Private Sector to bring $500bn for Infra, during the 12th plan
Stocks
16. Welspun Gujarat likely to buy stake in Saudi company for INR 2.6bn WelGuj chart
17. Religare picks up 5.12% stake in Fame;purchases 20.24 lakh shares on behalf of clients Religare chart
18. Country Club India plans to raise upto INR 5.5bn ($125mn) thru issue of shares. Country club chart
19. Aegis Logistics acquires Shell Gas India
Quotes
20. "Fear is the foe of the faddist, but the friend of the fundamentalist" - Warren Buffett
1. S&P500 rose 4.9% in Q1; best quarter since 1998 S&P chart
2. Dow flirts with 11000 Dow chart
3. 10-year Treasury note yield rose to 4% Monday for the first time in 18 months: Important psychology level breached in the backdrop of strong economic data
4. Crude on a 18 month high crude chart
5. Dollar remains bumpy but bullish Dollex chart
Economy
6. FinMin pitched for imparting fresh impetus: Economic recovery to quickly revert to the 9% growth rate & cross double digit growth barrier
7. Food inflation woes continue: Food price index rose an annual 16.35% in the same period, above the previous week's reading of 16.22%
8. FDIs to participate in divestment? Finance Ministry advisers have made a case for allowing FDIs in the retail sector and selling Govt. equity in company’s to be divested
Indian Markets
9. Nifty and Sensex make a 2 year high Nifty chart
10. FIIs and DIIs have different perspectives: FIIs were net buyers for the quarter JFM ’10 by pumping in Rs. 20,500 crs; DIIs were net sellers by taking away Rs. 5,800 cr
11. Quarter results of companies to come in early: SEBI instructs companies to announce quarterly results within 45 days
Sectors
12. All bidders qualify for 3G,broadband spectrum auction: 'Eligibility points' to determine contenders ability
13. Steel & Iron Ore price hike announced: Hike likely by INR 3000 a tonne and additional 10% respectively from April on back of spike in input costs
14. Bankers see 22% growth in credit this fiscal: To decide on interest rate hikes after monetary policy
15. Infra to stay in limelight: Private Sector to bring $500bn for Infra, during the 12th plan
Stocks
16. Welspun Gujarat likely to buy stake in Saudi company for INR 2.6bn WelGuj chart
17. Religare picks up 5.12% stake in Fame;purchases 20.24 lakh shares on behalf of clients Religare chart
18. Country Club India plans to raise upto INR 5.5bn ($125mn) thru issue of shares. Country club chart
19. Aegis Logistics acquires Shell Gas India
Quotes
20. "Fear is the foe of the faddist, but the friend of the fundamentalist" - Warren Buffett
April 01, 2010
T20 April 01 2010
Global Markets
1. S&P500 maintains gains following spending data S&P chart
2. US government to sell stake in Citigroup: This would be one of the largest stock sell-offs in history
3. Greece launched a sovereign bond issue, easing concerns about the country's debt problems: Dollar’s strengthening spree halts on this news Dollex chart
4. Gold rises at the backdrop of falling Dollar. Gold chart
5. Crude Oil closes above $80 a Barrel: Dollar down against euro, helps lift crude
Economy
6. Food Inflation eases: Food inflation fell marginally once again to 16.22% for the week ended March 13 from 16.3% in the week before
7. India threatens to move WTO on carbon tax issue: EU, US propose to impose levy on exports from here
8. India to go easy on FDIs: Initiated implementation of FDI rules which proposes upto 1200 crore foreign equity would be cleared by the finance minister without seeking approval of cabinet committee on Economic Affair
Indian Markets
9. Nifty shrugs-off rate hike news and continues its bullish streak Nifty chart
10. FIIs and DIIs have different perspectives: FIIs were net buyers this week pumping over Rs. 2929.5 Cr into the market, DIIs remained net sellers by pulling out over Rs. 430.8 Cr
11. Corporates face new tax hurdle: New provision may bring rights issues, preferential allotments into tax net
12. RBI initiates distribution of banking licenses: Credit Suisse gets RBI approvals for banking foray; Industry groups unlikely to get banking licenses
Sectors
13. Sugar cos. want 60% import tax back to curb dumping
14. RBI warns of lagged impact of slowdown on bank profits: 1st financial stability report sees impaired credit quality, squeezed margins
15. Paper industry gets a near term boost: Pulp prices firm up as supplies from quake-hit Chile are hit
16. Banks pull out INR 500bn($11bn) from MF after March 15
Stocks
17. FDI still not in full flow in telecom: Despite 74% cap, Average foreign holding in 3G bidders is just below 40%
18. Axis Bank eyes pie in Insurance business: Private sector Axis Bank is in talks with Max New York Life to pick-up a less than 5% stake in the latter axis chart
19. Indian Hotel to add 15 Vivanta & Gateway hotels by 2011 chart
Quotes
20. "Risk comes from not knowing what you're doing." - Warren Buffett
1. S&P500 maintains gains following spending data S&P chart
2. US government to sell stake in Citigroup: This would be one of the largest stock sell-offs in history
3. Greece launched a sovereign bond issue, easing concerns about the country's debt problems: Dollar’s strengthening spree halts on this news Dollex chart
4. Gold rises at the backdrop of falling Dollar. Gold chart
5. Crude Oil closes above $80 a Barrel: Dollar down against euro, helps lift crude
Economy
6. Food Inflation eases: Food inflation fell marginally once again to 16.22% for the week ended March 13 from 16.3% in the week before
7. India threatens to move WTO on carbon tax issue: EU, US propose to impose levy on exports from here
8. India to go easy on FDIs: Initiated implementation of FDI rules which proposes upto 1200 crore foreign equity would be cleared by the finance minister without seeking approval of cabinet committee on Economic Affair
Indian Markets
9. Nifty shrugs-off rate hike news and continues its bullish streak Nifty chart
10. FIIs and DIIs have different perspectives: FIIs were net buyers this week pumping over Rs. 2929.5 Cr into the market, DIIs remained net sellers by pulling out over Rs. 430.8 Cr
11. Corporates face new tax hurdle: New provision may bring rights issues, preferential allotments into tax net
12. RBI initiates distribution of banking licenses: Credit Suisse gets RBI approvals for banking foray; Industry groups unlikely to get banking licenses
Sectors
13. Sugar cos. want 60% import tax back to curb dumping
14. RBI warns of lagged impact of slowdown on bank profits: 1st financial stability report sees impaired credit quality, squeezed margins
15. Paper industry gets a near term boost: Pulp prices firm up as supplies from quake-hit Chile are hit
16. Banks pull out INR 500bn($11bn) from MF after March 15
Stocks
17. FDI still not in full flow in telecom: Despite 74% cap, Average foreign holding in 3G bidders is just below 40%
18. Axis Bank eyes pie in Insurance business: Private sector Axis Bank is in talks with Max New York Life to pick-up a less than 5% stake in the latter axis chart
19. Indian Hotel to add 15 Vivanta & Gateway hotels by 2011 chart
Quotes
20. "Risk comes from not knowing what you're doing." - Warren Buffett
Subscribe to:
Posts (Atom)