Global Markets
1. S&P 500 indicates bearish signals; is there a further downside? S&P Chart
2. Oil on consolidation mode, with a downward bias Oil Chart
3. Dollar continues to trade above 50EMA Dollar Chart
4. Gold maintains a slight upward tilt; with equities turning bearish, will it be another dream run? Gold Chart
Economy
5. Fuel price hike to increase inflationary woes: Domestic LPG prices were hiked by Rs. 35/cylinder and kerosene rates went up by Rs. 3/litre, petrol prices were decontrolled and diesel prices were hiked by Rs. 2/litre.
6. Rate hike likely in RBI Quarterly monetary review: Expectations rife that the rate hike is likely, ahead of which banks fix their base rate.
7. Dividend payout for 2009-10 at all-time high: No sizeable capital expansion plans, corporate India decided to be generous for financial year 2010, with its biggest-ever dividend distribution to shareholders.
8. Deflation bigger risk than inflation, PM tells G-20: Need to avoid premature withdrawal of stimulus
Indian Markets
9. Nifty falters around 5300 levels Nifty Chart
10. FIIs and DIIs share bullishness: FIIs remained net buyers to the extent of Rs. 9883.9 Cr (Month to date); DIIs bought Rs. 341.5 Cr (Month to date).
11. IRDA unsettles ULIPs: Makeover still on, wants to make ULIPs more investor friendly.
Sectors
12. Cement prices may fall 10% on lower demand.
13. Banks decide to set base rate: base rate is at 7.5%.
14. Auto makers, vendors at odds over supply issues: After an uptick, there is something to worry about.
15. RBI to launch house start index to gauge realty sector.
16. Core sector industries grow 5% in May,2010: This being an indication that IIP numbers could be strong, however, this was marginally short of 5.4% growth in April, 2010.
Stocks
17. Essar Steel International BV acquired Servosteel (Oakside Solutions), the largest independent steel processor in the UK.
18. Renuka Sugars to pay 25% less for Brazilian co Equipav SA buyout. Renuka Sugar Chart
19. NTPC to float fresh tender for boilers NTPC Chart
Quotes
20. "The really big money tends to be made by investors who are right on qualitative decisions but, at least in my opinion, the more sure money tends to be made on the obvious quantitative decisions." - Warren Buffett
June 30, 2010
June 24, 2010
T20_24JUN2010
Global Markets
1. S&P 500 breaks down as fresh housing market worries retraces S&P Chart
2. Oil fell sharply due to unexpected jump in supply Oil Chart
3. Dollar takes support @ 50EMA; dollar tending towards stability Dollar Chart
4. Gold takes a breather to consolidate after a sparkling upward trend Gold Chart
Economy
5. Inflationary concerns fail to cool down: India's food price index rose 16.90% in the year to June 12, higher than the previous week's annual reading of 16.12%.
6. Monsoon rains 11% below normal: Trillion-dollar economy's farm output and economic growth, were 11.1% below normal for June 1-23, 2010.
7. FDI opening in retail, defence: India’s efforts to attract investments from the US was aimed at realizing the hope for double-digit economic growth by 2012.
Indian Markets
8. Nifty continues to stay bullish Nifty Chart
9. FIIs and DIIs share bullishness: FIIs remained net buyers to the extent of Rs. 7679 Cr (Month to date); DIIs bought Rs. 311 Cr (Month to date).
10. ULIP row ends; court rules in favor of IRDA.
11. New tax code: Brings a blow on ULIPs / Insurance and capital gains tax; long term investments like PPF, pension plans etc., spared.
Sectors
12. Service tax waived on power supply: Government has decided to exempt distribution of electricity, services provided within ports and airports.
13. Consumer durable industry witnesses 30% growth: Increase in summer sales which further lead to highest growth of 50% in sales of refrigerators and air conditioners.
14. Big pharma cuts R&D jobs as generics loom: Strict regulation and tight healthcare budgets force pharma majors to shift focus to acquiring cos and drug rights.
15. New accounting norms may make stock options a thing of the past: Cos may rework pay packages to include higher cash component, staggered bonus.
16. Banks step up efforts to strengthen tier -I capital: Not keen on perpetual debt route due to high cost of issuance.
Stocks
17. RCom looks to selling 26% stake in Globalcom: sale in optical fibre network after Infratel demerger Rcom Chart
18. Mukesh Ambani plans healthcare foray, sets eyes on 26% stake in Fortis: Greenfield route not ruled out; Reliance Life Sciences to continue as separate biz.
19. Govt plans to divest 10% in Neyveli Lignite; move to help mobilise INR 24bn Neyveli Lignite Chart
Quotes
20. You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA
1. S&P 500 breaks down as fresh housing market worries retraces S&P Chart
2. Oil fell sharply due to unexpected jump in supply Oil Chart
3. Dollar takes support @ 50EMA; dollar tending towards stability Dollar Chart
4. Gold takes a breather to consolidate after a sparkling upward trend Gold Chart
Economy
5. Inflationary concerns fail to cool down: India's food price index rose 16.90% in the year to June 12, higher than the previous week's annual reading of 16.12%.
6. Monsoon rains 11% below normal: Trillion-dollar economy's farm output and economic growth, were 11.1% below normal for June 1-23, 2010.
7. FDI opening in retail, defence: India’s efforts to attract investments from the US was aimed at realizing the hope for double-digit economic growth by 2012.
Indian Markets
8. Nifty continues to stay bullish Nifty Chart
9. FIIs and DIIs share bullishness: FIIs remained net buyers to the extent of Rs. 7679 Cr (Month to date); DIIs bought Rs. 311 Cr (Month to date).
10. ULIP row ends; court rules in favor of IRDA.
11. New tax code: Brings a blow on ULIPs / Insurance and capital gains tax; long term investments like PPF, pension plans etc., spared.
Sectors
12. Service tax waived on power supply: Government has decided to exempt distribution of electricity, services provided within ports and airports.
13. Consumer durable industry witnesses 30% growth: Increase in summer sales which further lead to highest growth of 50% in sales of refrigerators and air conditioners.
14. Big pharma cuts R&D jobs as generics loom: Strict regulation and tight healthcare budgets force pharma majors to shift focus to acquiring cos and drug rights.
15. New accounting norms may make stock options a thing of the past: Cos may rework pay packages to include higher cash component, staggered bonus.
16. Banks step up efforts to strengthen tier -I capital: Not keen on perpetual debt route due to high cost of issuance.
Stocks
17. RCom looks to selling 26% stake in Globalcom: sale in optical fibre network after Infratel demerger Rcom Chart
18. Mukesh Ambani plans healthcare foray, sets eyes on 26% stake in Fortis: Greenfield route not ruled out; Reliance Life Sciences to continue as separate biz.
19. Govt plans to divest 10% in Neyveli Lignite; move to help mobilise INR 24bn Neyveli Lignite Chart
Quotes
20. You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA
June 17, 2010
T20 16 Jun 2010
Global Markets
1. S&P 500 retraces above 200EMA – will the bullishness sustain? S&P Chart
2. Oil on a smart uptrend, tests 100EMA – is comfortably positioned above $75 Oil Chart
3. Dollar snaps uptrend, may retrace to fair valuations Dollar Chart
4. Gold continues it’s upward spree as the safe haven amidst much turmoil Gold Chart
Economy
5. Food inflation inches higher: rate hike imminent: Food inflation @ 16.74% against 16.55% in the previous week. WPI enters double digit, touches 10.16% in May v/s 9.59% in April.
6. Corporate Advance tax payments soar: Companies like RIL, TCS or the Tata Consultancy services, Bajaj auto and HPCL have deposited advance tax which is over 100% QoQ growth.
7. Revised Direct Tax Code: Tax exemption to pension and provident fund withdrawals and computing the Minimum Alternate Tax on profits retained.
Indian Markets
8. Nifty continues an unperturbed uptrend Nifty Chart
9. FIIs and DIIs have different perspectives: FIIs remained net buyers to the extent of Rs. 2051.8 Cr (Month to date); DIIs bought Rs. 888.2 Cr (Month to date)
Sectors
10. Large banks to announce base rate: Companies may have to pay more under base rate system, opinion divided, but other sources of finance may also become dearer.
11. Government approved infusing Rs 6,211 crore into five public sector banks: A move which will help in lending an additional Rs 77,637 crore to various sectors of the economy.
12. Auto continues to be on a high: Indian automobile industry posted its best performance in May with a 30% growth in car sales.
13. Govt approves RS 4 per kg rise in levy sugar price.
14. FDI lock-in for hotel & tourism projects to go: Proposal aims to boost room supply, support tourism industry.
Stocks
15. RCom plans to hive off tower arm. Rcom Chart
16. ONGC Videsh hives off 30% stake in Colombia block. ONGC Chart
17. Fatpipe withdraws IPO despite 85% subscription
18. Abbott sues SunPharma & Ranbaxy on cholesterol drug patents Abbott Chart
19. Larsen and Toubro bags Rs 747 crore deal L&T Chart
Quotes
20. Stock market is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart - Anonymous
1. S&P 500 retraces above 200EMA – will the bullishness sustain? S&P Chart
2. Oil on a smart uptrend, tests 100EMA – is comfortably positioned above $75 Oil Chart
3. Dollar snaps uptrend, may retrace to fair valuations Dollar Chart
4. Gold continues it’s upward spree as the safe haven amidst much turmoil Gold Chart
Economy
5. Food inflation inches higher: rate hike imminent: Food inflation @ 16.74% against 16.55% in the previous week. WPI enters double digit, touches 10.16% in May v/s 9.59% in April.
6. Corporate Advance tax payments soar: Companies like RIL, TCS or the Tata Consultancy services, Bajaj auto and HPCL have deposited advance tax which is over 100% QoQ growth.
7. Revised Direct Tax Code: Tax exemption to pension and provident fund withdrawals and computing the Minimum Alternate Tax on profits retained.
Indian Markets
8. Nifty continues an unperturbed uptrend Nifty Chart
9. FIIs and DIIs have different perspectives: FIIs remained net buyers to the extent of Rs. 2051.8 Cr (Month to date); DIIs bought Rs. 888.2 Cr (Month to date)
Sectors
10. Large banks to announce base rate: Companies may have to pay more under base rate system, opinion divided, but other sources of finance may also become dearer.
11. Government approved infusing Rs 6,211 crore into five public sector banks: A move which will help in lending an additional Rs 77,637 crore to various sectors of the economy.
12. Auto continues to be on a high: Indian automobile industry posted its best performance in May with a 30% growth in car sales.
13. Govt approves RS 4 per kg rise in levy sugar price.
14. FDI lock-in for hotel & tourism projects to go: Proposal aims to boost room supply, support tourism industry.
Stocks
15. RCom plans to hive off tower arm. Rcom Chart
16. ONGC Videsh hives off 30% stake in Colombia block. ONGC Chart
17. Fatpipe withdraws IPO despite 85% subscription
18. Abbott sues SunPharma & Ranbaxy on cholesterol drug patents Abbott Chart
19. Larsen and Toubro bags Rs 747 crore deal L&T Chart
Quotes
20. Stock market is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart - Anonymous
June 04, 2010
T20 2 Jun 2010
1. S&P 500 fails to take support @ 200EMA – Oil Leaks and Euro crises still lurks to deepen the wound S&P Chart
2. Oil shows signs of recovery after it bounces from below $70 levels, but this did not last long Oil Chart
3. Dollar is on a consolidation mode after a fairly long upward spree Dollar Chart
4. Gold continues it’s upward spree as the safe haven amidst much turmoil Gold Chart
Economy
5. Food inflation rises to 16.55%: Inflation increased by 0.32% point from 16.23% in the previous week
6. GDP grew 8.6% Q4FY10: Manufacturing and mining played stellar roles; Full-year 2009-10 growth was 7.4%
7. Insurers push pension products this month: Anticipating a fall in sales of pension products after new guidelines kick in from July, life insurance companies are making a strong pitch to sell these this month
Indian Markets
8. Nifty remains buoyant with encouraging domestic numbers, despite few setbacks from global cues Nifty Chart
9. FIIs and DIIs have different perspectives: FIIs remained net sellers to the extent of Rs. 7598 Cr (for month ending May ‘10); DIIs bought Rs. 98 Cr (for month ending May ‘10)
Sectors
10. Auto in top gear: Robust demand on the back of strong economic growth and rising incomes, as reflected in the sales volumes in May ‘10, should enable the domestic auto sector to grow over 15% in 2010-11
11. Banks borrow more from RBI as liquidity remains tight: Day after the conclusion of the 3G auction process, the net borrowing by banks from the RBI under the liquidity adjustment facility (LAF) doubled to Rs 12,775 cr
12. Copper near two-week low on China concerns: Global cues have been driving most commodities southwards, Copper was deeply hit during the week
Stocks
13. Colgate rallies on open offer news Colgate Chart
14. RCOM surged on the bourses after UAE-based Etisalat was in talks to buy a 25% stake in the company RCOM Chart
15. HUL market share continues to fall as FMCG revenues recover
16. Renuka Sugars seals revised Equipav deal, for lower price: It will now be getting the 51% controlling interest by paying only $240 million or Rs 1,080 crore, 25% less than its original bid Renuka Sugars Chart
17. Hinduja Group plans $30-bn India play: Expansion plans rife over next 5 years’
18. After M&M takeover, Logan sales perk up: M&M results were impressive as it clocked Rs. 570.26 Cr of net profit (36.4% higher than previous years’ Q4)
Quotes
19. "A pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons” – Warren Buffet
2. Oil shows signs of recovery after it bounces from below $70 levels, but this did not last long Oil Chart
3. Dollar is on a consolidation mode after a fairly long upward spree Dollar Chart
4. Gold continues it’s upward spree as the safe haven amidst much turmoil Gold Chart
Economy
5. Food inflation rises to 16.55%: Inflation increased by 0.32% point from 16.23% in the previous week
6. GDP grew 8.6% Q4FY10: Manufacturing and mining played stellar roles; Full-year 2009-10 growth was 7.4%
7. Insurers push pension products this month: Anticipating a fall in sales of pension products after new guidelines kick in from July, life insurance companies are making a strong pitch to sell these this month
Indian Markets
8. Nifty remains buoyant with encouraging domestic numbers, despite few setbacks from global cues Nifty Chart
9. FIIs and DIIs have different perspectives: FIIs remained net sellers to the extent of Rs. 7598 Cr (for month ending May ‘10); DIIs bought Rs. 98 Cr (for month ending May ‘10)
Sectors
10. Auto in top gear: Robust demand on the back of strong economic growth and rising incomes, as reflected in the sales volumes in May ‘10, should enable the domestic auto sector to grow over 15% in 2010-11
11. Banks borrow more from RBI as liquidity remains tight: Day after the conclusion of the 3G auction process, the net borrowing by banks from the RBI under the liquidity adjustment facility (LAF) doubled to Rs 12,775 cr
12. Copper near two-week low on China concerns: Global cues have been driving most commodities southwards, Copper was deeply hit during the week
Stocks
13. Colgate rallies on open offer news Colgate Chart
14. RCOM surged on the bourses after UAE-based Etisalat was in talks to buy a 25% stake in the company RCOM Chart
15. HUL market share continues to fall as FMCG revenues recover
16. Renuka Sugars seals revised Equipav deal, for lower price: It will now be getting the 51% controlling interest by paying only $240 million or Rs 1,080 crore, 25% less than its original bid Renuka Sugars Chart
17. Hinduja Group plans $30-bn India play: Expansion plans rife over next 5 years’
18. After M&M takeover, Logan sales perk up: M&M results were impressive as it clocked Rs. 570.26 Cr of net profit (36.4% higher than previous years’ Q4)
Quotes
19. "A pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons” – Warren Buffet
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