Global Markets
1. US regains ground, after a brief disturbance S&P Chart
2. Oil continues to remain choppy with an upward bias Oil Chart
3. Dollar holding onto 200EMA; a key support level Dollar Chart
4. Gold dips as equities rise on economic optimism. Gold Chart
Economy
5. Moody's upgrades India's sovereign currency rating citing economy’s resilience.
6. RBI raised the repo rate by 25 basis points (bps) to 5. 75%; reverse repo rate has been hiked by a slightly higher-than-expected 50 bps to 4.5%; CRR left unchanged.
7. Indian economy is projected to grow at 8.5% in 2010-11 and by 9% in 2011-12.
8. India continues to beat global indices; it happened then, it’s happening again… Global indices
9. Govt. moves bill to let insurers sell ULIPs without SEBI nod.
10. States want Central sales tax to continue with GST.
11. Equities on a high – US housing data improving; Euro peaks on European banks passing stress tests.
Indian Markets
12. Nifty on a smart uptrend as decent corporate results trickle inNifty Chart
13. Clearly FIIs are driving this uptrend: FIIs remained net buyers to the extent of Rs. 10435 Cr (Month to date); DIIs sold Rs. 2417 Cr (Month to date)
14. Monsoon 9% below normal; continues commodity woes.
15. No MAT for cos without local base.
16. Rising realty may add to inflation pressure; RBI credit to housing up 9.6%.
Sectors
17. India plans Rs50,000 cr power sector debt fund.
18. Buoyancy is back, says CII’s survey on SMEs.
Stocks
19. Dabur acquires Turkish personal care firm Hobi Kozemtik group for $69mn Dabur Chart
20. Ultratech gets nod for Samruddhi merger. Ultratech Chart
Quotes
21. "Those who have knowledge don't predict. Those who predict don't have knowledge." - Lao Tzu
July 27, 2010
July 19, 2010
T20_19JUL2010
Global Markets
1. Weak economic data from the US plays spoil sport S&P Chart
2. Oil gets really choppy; moving averages huddle up close Oil Chart
3. Dollar approaches 200EMA; a key support level – will it hold on? Dollar Chart
4. Gold’s continues to consolidate with a negative bias. Gold Chart
Economy
5. Rupee is only the 5th currency to get a symbol – What do you think of it?.
6. FIIs return to Street in style, inflow nears Rs 40K-cr-mark.
7. PE investments likely to top $17bn in 2010 as per survey by consulting firm Bain & Co.
8. SEBI panel’s report on M&As likely to make taking over a listed company a more onerous task: Recommends increasing the open offer size from 20% to as high as 100%.
9. IRDA moots cancelling license of agents: If 50% of the policies sold are not renewed annually, agent runs the risk of cancellation of license.
10. Govt to spend Rs 20,000 cr more on e-Gov projects: this could boost the order book of IT companies.
Indian Markets
11. Nifty after a smart uptick, consolidates – which way will it head from here?Nifty Chart
12. FIIs and DIIs still share different perspectives: FIIs remained net buyers to the extent of Rs. 7185 Cr (Month to date); DIIs sold Rs. 1260 Cr (Month to date).
13. Market to have pre-open session on a pilot basis:Trade orders will be collected and matched to reach an equilibrium price during this 15-minute period.
14. Stock Exchanges get a free hand to decide on F&O physical settlement.
15. Nifty trades on US bourses: Chicago Mercantile Exchange (CME) introduces two new contracts — E-mini and E-micro S&P CNX Nifty Futures — designed to access the Indian market opportunities.
Sectors
16. Automobile industry capacity surpass 3 million mark:Passenger vehicle manufacturing increase 27% since last year and sale of car increased 28% over previous year.
17. Railways revenues up 7% in June 2010Touched US$ 1.03 bn in June 2010, an increase of 6.99% from the corresponding month in 2009.
Stocks
18. UAE-based Emirates Telecommunications (Etisalat) is close to buying a 26% stake in RCom. Reliance Communication Chart
19. Vardhaman Textiles to spin off steel biz. Vardhaman Textiles Chart
Quotes
20. "Bull markets go to people's heads. If you're a duck on a pond, and it's rising due to a downpour, you start going up in the world. But you think it's you, not the pond." - Charlie Munger
1. Weak economic data from the US plays spoil sport S&P Chart
2. Oil gets really choppy; moving averages huddle up close Oil Chart
3. Dollar approaches 200EMA; a key support level – will it hold on? Dollar Chart
4. Gold’s continues to consolidate with a negative bias. Gold Chart
Economy
5. Rupee is only the 5th currency to get a symbol – What do you think of it?.
6. FIIs return to Street in style, inflow nears Rs 40K-cr-mark.
7. PE investments likely to top $17bn in 2010 as per survey by consulting firm Bain & Co.
8. SEBI panel’s report on M&As likely to make taking over a listed company a more onerous task: Recommends increasing the open offer size from 20% to as high as 100%.
9. IRDA moots cancelling license of agents: If 50% of the policies sold are not renewed annually, agent runs the risk of cancellation of license.
10. Govt to spend Rs 20,000 cr more on e-Gov projects: this could boost the order book of IT companies.
Indian Markets
11. Nifty after a smart uptick, consolidates – which way will it head from here?Nifty Chart
12. FIIs and DIIs still share different perspectives: FIIs remained net buyers to the extent of Rs. 7185 Cr (Month to date); DIIs sold Rs. 1260 Cr (Month to date).
13. Market to have pre-open session on a pilot basis:Trade orders will be collected and matched to reach an equilibrium price during this 15-minute period.
14. Stock Exchanges get a free hand to decide on F&O physical settlement.
15. Nifty trades on US bourses: Chicago Mercantile Exchange (CME) introduces two new contracts — E-mini and E-micro S&P CNX Nifty Futures — designed to access the Indian market opportunities.
Sectors
16. Automobile industry capacity surpass 3 million mark:Passenger vehicle manufacturing increase 27% since last year and sale of car increased 28% over previous year.
17. Railways revenues up 7% in June 2010Touched US$ 1.03 bn in June 2010, an increase of 6.99% from the corresponding month in 2009.
Stocks
18. UAE-based Emirates Telecommunications (Etisalat) is close to buying a 26% stake in RCom. Reliance Communication Chart
19. Vardhaman Textiles to spin off steel biz. Vardhaman Textiles Chart
Quotes
20. "Bull markets go to people's heads. If you're a duck on a pond, and it's rising due to a downpour, you start going up in the world. But you think it's you, not the pond." - Charlie Munger
July 14, 2010
T20_14JUL2010
Global Markets
1. S&P 500 high on earnings season; trades nervously @ 50EMA S&P Chart
2. Oil makes a sharp uptrend; trades at crucial levels Oil Chart
3. Dollar cuts below 50DMA; trading between moving averages Dollar Chart
4. Gold’s consolidating @ 50EMA levels Gold Chart
Economy
5. Inflation, FM says, will moderate after the summer harvest: fiscal deficit to moderate around 5.5% for the year ending Mar ‘10 to be achieved.
6. Recent fuel price hike drove India's annual food inflation further up to 10.55%, from 10.16% in May ‘10.
7. Index of Industrial Production (IIP) for the month of May ‘10 rose at 11.5% against expectations of 16%:
8. Rupee strengthens as global risk taking rises: Interest rates seem favorable in India, this being key for higher capital flows into India.
9. Insured may have to part-pay medical bills: this comes in the backdrop of the recent stand-off between insurance companies and hospitals over inflated bills.
10. G-20 to finalise new tool to combat financial crisis when it meets in Nov ’10: IMF is in the process of finalizing a new tool that would provide insurance to countries during a crisis.
Indian Markets
11. Nifty on an uptrend, Q1 results could determine the direction of marketNifty Chart
12. FIIs and DIIs share different perspectives: FIIs remained net buyers to the extent of Rs. 4619 Cr (Month to date); DIIs sold Rs. 85 Cr (Month to date).
13. RBI objects to joint committee in ordinance on ULIPs.
14. SEBI against arbiter role for apex financial body: wants FSDC to stick to financial stability issues.
15. India gold buying stays weak on high prices: host of Hindu festivals lined up this month which could drive the demand upwards.
Sectors
16. FMCG Q1 sales to be volume-driven, margins crimped.
17. Auto sales and profit growth in June quarter may show less rise.
Stocks
18. L&T bags rig refurbishment order from ONGC. L&T Chart
19. Infy Q1 results disappoint: net income fell 2.4% from prev. year, due to higher tax charge and lower billing rates Infosys Technologies Chart
Quotes
20. "The real discipline comes in saying no to the wrong opportunities – Peter Drucker"
1. S&P 500 high on earnings season; trades nervously @ 50EMA S&P Chart
2. Oil makes a sharp uptrend; trades at crucial levels Oil Chart
3. Dollar cuts below 50DMA; trading between moving averages Dollar Chart
4. Gold’s consolidating @ 50EMA levels Gold Chart
Economy
5. Inflation, FM says, will moderate after the summer harvest: fiscal deficit to moderate around 5.5% for the year ending Mar ‘10 to be achieved.
6. Recent fuel price hike drove India's annual food inflation further up to 10.55%, from 10.16% in May ‘10.
7. Index of Industrial Production (IIP) for the month of May ‘10 rose at 11.5% against expectations of 16%:
8. Rupee strengthens as global risk taking rises: Interest rates seem favorable in India, this being key for higher capital flows into India.
9. Insured may have to part-pay medical bills: this comes in the backdrop of the recent stand-off between insurance companies and hospitals over inflated bills.
10. G-20 to finalise new tool to combat financial crisis when it meets in Nov ’10: IMF is in the process of finalizing a new tool that would provide insurance to countries during a crisis.
Indian Markets
11. Nifty on an uptrend, Q1 results could determine the direction of marketNifty Chart
12. FIIs and DIIs share different perspectives: FIIs remained net buyers to the extent of Rs. 4619 Cr (Month to date); DIIs sold Rs. 85 Cr (Month to date).
13. RBI objects to joint committee in ordinance on ULIPs.
14. SEBI against arbiter role for apex financial body: wants FSDC to stick to financial stability issues.
15. India gold buying stays weak on high prices: host of Hindu festivals lined up this month which could drive the demand upwards.
Sectors
16. FMCG Q1 sales to be volume-driven, margins crimped.
17. Auto sales and profit growth in June quarter may show less rise.
Stocks
18. L&T bags rig refurbishment order from ONGC. L&T Chart
19. Infy Q1 results disappoint: net income fell 2.4% from prev. year, due to higher tax charge and lower billing rates Infosys Technologies Chart
Quotes
20. "The real discipline comes in saying no to the wrong opportunities – Peter Drucker"
July 12, 2010
T20_07JUL2010
Global Markets
1. S&P 500 is making a turnaround, will positive global cues sustain? S&P Chart
2. Oil on consolidation mode, with a downward bias Oil Chart
3. Dollar cuts below 50DMA, consolidates just below $85 levels Dollar Chart
4. Gold’s dreamrun took a breather, is holding on to 50DMA, will it take support? Gold Chart
Economy
5. Monsoon revival gives a boost to fertiliser stocks: impetus to food-related sectors seen.
6. Govt opens debate on FDI in multi-brand retail: releases discussion paper for stakeholder's response.
7. New ULIP norms: LIC seeks not to tinker with agents commission, 90% of Corporation's biz comes from 1.45mn agents.
8. Home loan firms may see new lending rate norms: NHB to start exercise for a smooth transition.
9. Central bank hiked repo and reverse repo rates by 0.25% each: to 5.5% and 4% respectively.
Indian Markets
10. Nifty trading between a range, breakout awaitedNifty Chart
11. FIIs and DIIs share bullishness: FIIs remained net sellers to the extent of Rs. 448.3 Cr (Month to date). DIIs sold Rs. 122 Cr (Month to date).
12. Home loan firms may see new lending rate norms: NHB to start exercise for a smooth transition.
Sectors
13. Telecom dept to examine Pitroda panel's report on BSNL: Decision on BSNL IPO to be made soon.
14. Oil price deregulation: Auto, transportation sectors could bear the burnt, says analysts; upmove will affect India Inc with a lag of 3 months.
15. Power utilities get a 'green' shock: Regulator makes it mandatory for power cos to buy 6% renewable energy.
16. H1CY2010 total PE investments touched $4,571 million across 138 deals (excluding real estate): 3 fold increase over same period in the last calendar year.
17. Rate hike to ease base rate implementation: short-term rates have gone up, thus lending below the base rate, which is in the range of 7-8.25 per cent for most banks is ruled out.
Stocks
18. LIC hikes stake in Bharti Airtel to 5%; acquiring shares worth INR 131mn. Bharti Airtel Chart
19. RNRL-R Power merger to align the power and gas businesses of ADAG; 4:1 merger ratio declared Reliance Power Chart
Quotes
20. "Derivatives are financial weapons of mass destruction - Warren Buffett."
1. S&P 500 is making a turnaround, will positive global cues sustain? S&P Chart
2. Oil on consolidation mode, with a downward bias Oil Chart
3. Dollar cuts below 50DMA, consolidates just below $85 levels Dollar Chart
4. Gold’s dreamrun took a breather, is holding on to 50DMA, will it take support? Gold Chart
Economy
5. Monsoon revival gives a boost to fertiliser stocks: impetus to food-related sectors seen.
6. Govt opens debate on FDI in multi-brand retail: releases discussion paper for stakeholder's response.
7. New ULIP norms: LIC seeks not to tinker with agents commission, 90% of Corporation's biz comes from 1.45mn agents.
8. Home loan firms may see new lending rate norms: NHB to start exercise for a smooth transition.
9. Central bank hiked repo and reverse repo rates by 0.25% each: to 5.5% and 4% respectively.
Indian Markets
10. Nifty trading between a range, breakout awaitedNifty Chart
11. FIIs and DIIs share bullishness: FIIs remained net sellers to the extent of Rs. 448.3 Cr (Month to date). DIIs sold Rs. 122 Cr (Month to date).
12. Home loan firms may see new lending rate norms: NHB to start exercise for a smooth transition.
Sectors
13. Telecom dept to examine Pitroda panel's report on BSNL: Decision on BSNL IPO to be made soon.
14. Oil price deregulation: Auto, transportation sectors could bear the burnt, says analysts; upmove will affect India Inc with a lag of 3 months.
15. Power utilities get a 'green' shock: Regulator makes it mandatory for power cos to buy 6% renewable energy.
16. H1CY2010 total PE investments touched $4,571 million across 138 deals (excluding real estate): 3 fold increase over same period in the last calendar year.
17. Rate hike to ease base rate implementation: short-term rates have gone up, thus lending below the base rate, which is in the range of 7-8.25 per cent for most banks is ruled out.
Stocks
18. LIC hikes stake in Bharti Airtel to 5%; acquiring shares worth INR 131mn. Bharti Airtel Chart
19. RNRL-R Power merger to align the power and gas businesses of ADAG; 4:1 merger ratio declared Reliance Power Chart
Quotes
20. "Derivatives are financial weapons of mass destruction - Warren Buffett."
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