Global Markets
1. S&P 500 ends below 50EMA; Jitters run down the spine as PIGS crises deepens S&P chart
2. Oil takes a beating as USD strengthens; volatility cannot in anyway be attributed to supply-demand since there is limited news on the same Oil chart
3. Europe Contagion Infects Global Markets: Portugal follows Greece way, concerns rise around the world markets
4. Dollar spikes as more skeletons tumble out of the EURO cupboard Dollex chart
5. Gold made a smart recovery from 50EMA; Indian Gold demand may rise citing Akshaya Trithiya and Dhanteras in the offing Gold chart
Economy
6. Government is ready for disinvestment in Nalco, will raise 2000 Cr
7. Consumer price index (CPI) rose 14.86% in Mar ’10; Food inflation dips to 13.93% for week April 24, 2010
8. EPFO is switching to an electronic payment system; to allow credit of PF amount to members’ bank account within two days of claim authorization
Indian Markets
9. Nifty falls below 200EMA; continues on a downward spree as global crises digs deeper Nifty chart
10. FIIs and DIIs have different perspectives: FIIs remained net buyers to the extent of Rs. 9969.5 Cr for April, 2010; DIIs offloaded Rs. 1411 Cr in April, 2010
Sectors
11. India to retain control over sugar sector: Govt. was likely to ease controls in the wake of a recovery in production prospects in the world's largest consumer of sugar
12. Govt. is aiming to raise Rs 40,000 crore this fiscal through stake sale in public sector entities
13. Govt. has raised the export duty on iron ore lumps to 15% from 10% previously
Stocks
14. L&T on aggressive expansion abroad LnT chart
15. JSPL bid for Ziscosteel rejected JSP chart
16. Jagran buys Mid-Day's publication business Jagran chart
17. Small car engine ready, says Bajaj: Expected to compete with TATA motors’ NANO, the car is developed in partnership with Renault-Nissan BajajAuto chart
18. Patent office rejects Roche claim on eye drug: Swiss drug multinational Roche AG suffered yet another setback in its ongoing patent fights in India after the Chennai patent office rejected its claim over Valcyte
19. Wipro Consumer in expansion mode: Wipro Consumer Care and Lighting is planning to make an investment of around Rs 80 crore this year to augment its production capacity Wipro chart
Quotes
20. "The key to making money in stocks is not to get scared out of them." - Peter Lynch
