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