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

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