September 30, 2010
T20_29Sep2010
Global Markets
1. S&P continues an uptrend amidst brief interruption S&P Chart
2. US dollar shows bearish signals as 50 EMA tries to cross below 200 EMA Dollar Chart
3. Crude holds on to 50EMA, a cross above the moving averages will create a definite direction Oil Chart
4. Gold continues its rally further and makes a new high of $1296.50 Gold Chart
Economy
5. India s Forex reserves up by $3.23 bn to $287.73 bn
6. India s external debt rose 16.5% from $224.5 billion in FY09 to $261.5 billion in FY10Food Inflation surges 15.10%, data based on new base yr, amended basket of items
7. Sensex floats above 20K levels on the back drop of strong FII buying; indicates robust economy
8. Logistic bottlenecks affecting GDP By 2%
9. Yield on 1yr T-bills hits 6.65%; high bank borrowing, rate hike concerns drive-up yields
10. Cement prices may rise by up to INR 20 from this week in Gujarat
11. Steel prices may go up by INR 1500 a tonne in the next few days to cash in on the pick-up in demand in the festive season
Indian Markets
12. Rally continues - but how long will it sustain? Nifty Chart
13. FIIs continue on a buying spree, bought share worth a net Rs 20899 cr Month to date; Domestic funds sold shares worth a net Rs 4128 cr – MTD
14. Bullion has gained around 19% this year; Gold appetite strong; monsoon, rupee lift demand
Sectors
15. Rising interest rate can play spoil sport for the auto industry
16. Cotton ginners across the country expect cotton production to hover around 35.5 million bales in 2010-11
17. Realty IPOs face perfect storm due to rising prices
Stocks
18. Zen mobile aims at 7 – 10% market share – will be launching more models Zen Tech Chart
19. EIH plans to raise up to 13 bn rupees through rights issue EIH Ltd Chart
Quotes
20. "Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results." - Warren Buffett
1. S&P continues an uptrend amidst brief interruption S&P Chart
2. US dollar shows bearish signals as 50 EMA tries to cross below 200 EMA Dollar Chart
3. Crude holds on to 50EMA, a cross above the moving averages will create a definite direction Oil Chart
4. Gold continues its rally further and makes a new high of $1296.50 Gold Chart
Economy
5. India s Forex reserves up by $3.23 bn to $287.73 bn
6. India s external debt rose 16.5% from $224.5 billion in FY09 to $261.5 billion in FY10Food Inflation surges 15.10%, data based on new base yr, amended basket of items
7. Sensex floats above 20K levels on the back drop of strong FII buying; indicates robust economy
8. Logistic bottlenecks affecting GDP By 2%
9. Yield on 1yr T-bills hits 6.65%; high bank borrowing, rate hike concerns drive-up yields
10. Cement prices may rise by up to INR 20 from this week in Gujarat
11. Steel prices may go up by INR 1500 a tonne in the next few days to cash in on the pick-up in demand in the festive season
Indian Markets
12. Rally continues - but how long will it sustain? Nifty Chart
13. FIIs continue on a buying spree, bought share worth a net Rs 20899 cr Month to date; Domestic funds sold shares worth a net Rs 4128 cr – MTD
14. Bullion has gained around 19% this year; Gold appetite strong; monsoon, rupee lift demand
Sectors
15. Rising interest rate can play spoil sport for the auto industry
16. Cotton ginners across the country expect cotton production to hover around 35.5 million bales in 2010-11
17. Realty IPOs face perfect storm due to rising prices
Stocks
18. Zen mobile aims at 7 – 10% market share – will be launching more models Zen Tech Chart
19. EIH plans to raise up to 13 bn rupees through rights issue EIH Ltd Chart
Quotes
20. "Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results." - Warren Buffett
September 23, 2010
T20_21Sep2010
Global Markets
1. S&P cuts above 1130; hits 4 month high S&P Chart
2. US dollar breaks-down from the triangle pattern; reaches $80 levels Dollar Chart
3. Crude consolidates, moving averages converge; shows no sign of a definite direction Oil Chart
4. Gold unperturbed; continues its upward spiral whilst equity markets remain robust Gold Chart
Economy
5. RBI hiked repo 25bps,reverse repo 50bps; high inflation, GDP growth prompt move; aggressive rate move to counter negative real interest rates & boost bank deposits
6. Ten-year bond yield hits 8%, 5 Yr paper at 24 month high
7. Food Inflation surges 15.10%, data based on new base yr, amended basket of items
8. Food Ministry asks FMC to extend ban on sugar futures; asks regulator to wait till end of festive season to prevent price speculation
9. Sensex, Nifty strike 32-moths high; breadth strong
Indian Markets
10. Nifty breaks above 6k; when will the marathon end? Nifty Chart
11. FIIs continue on a buying spree, bought share worth a net Rs 13,620 cr Month to date; Domestic funds sold shares worth a net Rs 2440 cr on that day
12. Gold has gained 7.8% since the start of Aug ’10; profit taking has been initiated, however citing the festive season, demand is likely to remain robust
Sectors
13. Capital goods segment in the overall industrial output rose by 63% in Jul ‘10 and pushed up the Index of Industrial Production (IIP) by 13.8%
14. Textile sector upset with hike in repo, reverse repo rates; this could disrupt the growth stringently
15. FDI norms for real estate may be relaxed; the 3 year lockin period may be relaxed
16. Companies in paints sector are bracing for the increased demand due to robust economic growth and rising incomes
17. Telcos get a call for service-tax records; CBEC seeks copy of telcos special audit from DoT
Stocks
18. Stemcor set to buy 10% in Ispat Inds; the deal is likely to be valued at INR 2.50bn - 3bn Ispat Industries Chart
19. Cairn to seal Vedanta deal by year end; no differences with Govt or ONGC Cairn India Chart
Quotes
20. "Although it's easy to forget sometimes, a share is not a lottery ticket...it's part-ownership of a business." - Peter Lynch
1. S&P cuts above 1130; hits 4 month high S&P Chart
2. US dollar breaks-down from the triangle pattern; reaches $80 levels Dollar Chart
3. Crude consolidates, moving averages converge; shows no sign of a definite direction Oil Chart
4. Gold unperturbed; continues its upward spiral whilst equity markets remain robust Gold Chart
Economy
5. RBI hiked repo 25bps,reverse repo 50bps; high inflation, GDP growth prompt move; aggressive rate move to counter negative real interest rates & boost bank deposits
6. Ten-year bond yield hits 8%, 5 Yr paper at 24 month high
7. Food Inflation surges 15.10%, data based on new base yr, amended basket of items
8. Food Ministry asks FMC to extend ban on sugar futures; asks regulator to wait till end of festive season to prevent price speculation
9. Sensex, Nifty strike 32-moths high; breadth strong
Indian Markets
10. Nifty breaks above 6k; when will the marathon end? Nifty Chart
11. FIIs continue on a buying spree, bought share worth a net Rs 13,620 cr Month to date; Domestic funds sold shares worth a net Rs 2440 cr on that day
12. Gold has gained 7.8% since the start of Aug ’10; profit taking has been initiated, however citing the festive season, demand is likely to remain robust
Sectors
13. Capital goods segment in the overall industrial output rose by 63% in Jul ‘10 and pushed up the Index of Industrial Production (IIP) by 13.8%
14. Textile sector upset with hike in repo, reverse repo rates; this could disrupt the growth stringently
15. FDI norms for real estate may be relaxed; the 3 year lockin period may be relaxed
16. Companies in paints sector are bracing for the increased demand due to robust economic growth and rising incomes
17. Telcos get a call for service-tax records; CBEC seeks copy of telcos special audit from DoT
Stocks
18. Stemcor set to buy 10% in Ispat Inds; the deal is likely to be valued at INR 2.50bn - 3bn Ispat Industries Chart
19. Cairn to seal Vedanta deal by year end; no differences with Govt or ONGC Cairn India Chart
Quotes
20. "Although it's easy to forget sometimes, a share is not a lottery ticket...it's part-ownership of a business." - Peter Lynch
September 16, 2010
T20_14Sep2010
Global Markets
1. S&P remains intact with no negative global cues coming in S&P Chart
2. US dollar remains range bound, unable to break-out of 100 / 200EMA Dollar Chart
3. Crude cuts above $75, holds above 100EMA; couple of US pipeline leaks disrupted supplies Oil Chart
4. Gold makes a smart uptick, it continues to trade in a range bound manner with a positive bias Gold Chart
Economy
5. WPI inflation rose 8.5% annually in Aug ‘10, based on a new data series, it’s second straight month of decline
6. Quantum of funds mopped up by India Inc from IPOs and rights issues in July ’10 remained flat at Rs. 2,961.90 crore, similar to last month
7. Organization for Economic Cooperation and Development (OECD) said growth in Asian economies like China and India that had been guiding global economic recovery, will moderate in the coming months
8. Government expects to complete the ONGC and IOC divestments by the end of this fiscal and hopes to raise up to Rs 19,000 crore from the process
9. Interest rates hike on the cards; Inflation warrants monetary tightening, says Economists
10. US-based distressed debt fund Aurelius Capital Management is the only creditor to have not signed on to Dubai World $24.9 billion restructuring deal
11. Finance Minister Pranab Mukherjee said that India will have to remain cautious, as the global economic slowdown is not yet over
Indian Markets
12. Nifty gives a standing ovation performance by scaling 32 month highs Nifty Chart
13. FIIs continue on a buying spree, bought share worth a net Rs 2519.88 cr on September 2010, as per provisional data from the stock exchanges - Domestic funds sold shares worth a net Rs 960.81 cr on that day
14. Gold prices have risen about 14% this year and are set for a 10th annual gain as investors seek protection against financial turmoil in Europe
Sectors
15. Telecom & Defence ministries are close to finalizing settlement to divide the country spectrum between them, ending a long standoff
16. Govt. is likely to make it mandatory for mining cos to hand over a part of their revenues & make annual payments to land losers
17. Land prices up 50 times in 10 yrs; real estate developers are making a killing on projects along the corridor
18. Steel demand to grow at 9.2% in 5 years, says a report by ratings agency Credit Analysis & Research ltd
Stocks
19. Mercator Lines mulls $500mn capex plan for expansion of its coal sector & offshore activities MLL Chart
Quotes
20. "Even the intelligent investor is likely to need considerable willpower to keep from following the crowd." - Benjamin Graham
1. S&P remains intact with no negative global cues coming in S&P Chart
2. US dollar remains range bound, unable to break-out of 100 / 200EMA Dollar Chart
3. Crude cuts above $75, holds above 100EMA; couple of US pipeline leaks disrupted supplies Oil Chart
4. Gold makes a smart uptick, it continues to trade in a range bound manner with a positive bias Gold Chart
Economy
5. WPI inflation rose 8.5% annually in Aug ‘10, based on a new data series, it’s second straight month of decline
6. Quantum of funds mopped up by India Inc from IPOs and rights issues in July ’10 remained flat at Rs. 2,961.90 crore, similar to last month
7. Organization for Economic Cooperation and Development (OECD) said growth in Asian economies like China and India that had been guiding global economic recovery, will moderate in the coming months
8. Government expects to complete the ONGC and IOC divestments by the end of this fiscal and hopes to raise up to Rs 19,000 crore from the process
9. Interest rates hike on the cards; Inflation warrants monetary tightening, says Economists
10. US-based distressed debt fund Aurelius Capital Management is the only creditor to have not signed on to Dubai World $24.9 billion restructuring deal
11. Finance Minister Pranab Mukherjee said that India will have to remain cautious, as the global economic slowdown is not yet over
Indian Markets
12. Nifty gives a standing ovation performance by scaling 32 month highs Nifty Chart
13. FIIs continue on a buying spree, bought share worth a net Rs 2519.88 cr on September 2010, as per provisional data from the stock exchanges - Domestic funds sold shares worth a net Rs 960.81 cr on that day
14. Gold prices have risen about 14% this year and are set for a 10th annual gain as investors seek protection against financial turmoil in Europe
Sectors
15. Telecom & Defence ministries are close to finalizing settlement to divide the country spectrum between them, ending a long standoff
16. Govt. is likely to make it mandatory for mining cos to hand over a part of their revenues & make annual payments to land losers
17. Land prices up 50 times in 10 yrs; real estate developers are making a killing on projects along the corridor
18. Steel demand to grow at 9.2% in 5 years, says a report by ratings agency Credit Analysis & Research ltd
Stocks
19. Mercator Lines mulls $500mn capex plan for expansion of its coal sector & offshore activities MLL Chart
Quotes
20. "Even the intelligent investor is likely to need considerable willpower to keep from following the crowd." - Benjamin Graham
September 07, 2010
T20_07Sep2010
Global Markets
1. S&P made a smart uptick; cuts above all resistances in the form of moving averages on the backdrop of strong US data S&P Chart
2. US dollar falls to 200EMA, will it take support and bounce back like it did in the past? Dollar Chart
3. Crude continues to trade in a range bound manner, faces resistance above $75 levels Oil Chart
4. Gold makes a smart uptick, it continues to trade in a range bound manner with a positive bias Gold Chart
Economy
5. Direct tax mop-up has exceeded Rs 1 Lakh Crore mark in the first 5 months of the financial year, on the back of growth in revenue receipts from the corporate sector
6. RBI says higher capital requirements for Basel 3 norms will not hit banks significantly
7. Indian economy grows by 8.8% in Apr-Jun ’10; Financial Services restrained the growth by clocking only 6%
8. India's fiscal deficit from April to July ‘10 was Rs 90,915 crore ($19.3 billion), or 23.8% of the full-year target
9. India has replaced the US as the second most important foreign directive investment (FDI) destination for transnational corporations during 2010-2012
10. Indian rupee rallied to a 4-week high of 46.54/55 against the US dollar amid a sharp surge in domestic equities and sluggishness of the American currency overseas
11. Yield on the benchmark 10-year 2020 bond was hovering at 7.95%; lower than the previous close of 7.99%
Indian Markets
12. Nifty makes a quick recovery; short term outlook remains positive Nifty Chart
13. FIIs & DIIs: FIIs remained net buyers to the extent of Rs. 1160.9 Cr (Month to date); DIIs purchased Rs. 180.4 Cr (Month to date)
14. Gold climbs to Rs 19,405 per 10 gms in Indian Market in the backdrop of festive season
Sectors
15. Sugar Ind ready to support Ethanol - Blending drive; offers 1000mn litres ethanol to OMCs
16. Indian IT funding cash-strapped client projects; Infy, Wipro invest upfront in building systems for customers & offer them on pay-as-you go basis
17. Oman to invest $3bn in India's fertilizer sector; both sides open to co- operation as trade hits $4.5bn
Stocks
17. L&T eyes 17% IRR from Hyderabad project L&T
18. Acquisitions to drive Tata Global's foods foray, co plans to continue building its non tea portfolio ONGC Chart
Quotes
20. "Wealth was once measured in Gold. Now it’s measured in what we know” – Dianna Booher
1. S&P made a smart uptick; cuts above all resistances in the form of moving averages on the backdrop of strong US data S&P Chart
2. US dollar falls to 200EMA, will it take support and bounce back like it did in the past? Dollar Chart
3. Crude continues to trade in a range bound manner, faces resistance above $75 levels Oil Chart
4. Gold makes a smart uptick, it continues to trade in a range bound manner with a positive bias Gold Chart
Economy
5. Direct tax mop-up has exceeded Rs 1 Lakh Crore mark in the first 5 months of the financial year, on the back of growth in revenue receipts from the corporate sector
6. RBI says higher capital requirements for Basel 3 norms will not hit banks significantly
7. Indian economy grows by 8.8% in Apr-Jun ’10; Financial Services restrained the growth by clocking only 6%
8. India's fiscal deficit from April to July ‘10 was Rs 90,915 crore ($19.3 billion), or 23.8% of the full-year target
9. India has replaced the US as the second most important foreign directive investment (FDI) destination for transnational corporations during 2010-2012
10. Indian rupee rallied to a 4-week high of 46.54/55 against the US dollar amid a sharp surge in domestic equities and sluggishness of the American currency overseas
11. Yield on the benchmark 10-year 2020 bond was hovering at 7.95%; lower than the previous close of 7.99%
Indian Markets
12. Nifty makes a quick recovery; short term outlook remains positive Nifty Chart
13. FIIs & DIIs: FIIs remained net buyers to the extent of Rs. 1160.9 Cr (Month to date); DIIs purchased Rs. 180.4 Cr (Month to date)
14. Gold climbs to Rs 19,405 per 10 gms in Indian Market in the backdrop of festive season
Sectors
15. Sugar Ind ready to support Ethanol - Blending drive; offers 1000mn litres ethanol to OMCs
16. Indian IT funding cash-strapped client projects; Infy, Wipro invest upfront in building systems for customers & offer them on pay-as-you go basis
17. Oman to invest $3bn in India's fertilizer sector; both sides open to co- operation as trade hits $4.5bn
Stocks
17. L&T eyes 17% IRR from Hyderabad project L&T
18. Acquisitions to drive Tata Global's foods foray, co plans to continue building its non tea portfolio ONGC Chart
Quotes
20. "Wealth was once measured in Gold. Now it’s measured in what we know” – Dianna Booher
September 01, 2010
T20_31Aug2010
Global Markets
1. S&P consolidates near $1048 levels; US economy continues to remain on shaky ground S&P Chart
2. US dollar consolidates closer to 50 EMA & 100 EMA on the backdrop of economic turmoil Dollar Chart
3. Crude after a prolonged correction, makes a smart uptick Oil Chart
4. Gold consolidates yet again; showing subtle signs of turnaround Gold Chart
Economy
5. Mr. Pranab sweetens Direct Taxes Code for everyone; Tax-payers at the low end to benefit the most – to be implemented by April, 2012
6. Revised DTC rings in good tidings for stock investors; Keep long-term capitals gains tax from shares nil, relaxes short-term capital gains tax
7. SEZ tax sops retained till 2014 but 20% MAT to weigh heavy; Bill suggests replacement of sops linked to profits with sops linked to investments
8. Bond yields touch 8% on rate hike concerns; experts see 25bps rate hike & expect trade at 8-8.10% in short term
9. Consumer Affairs Ministry says yes to 49% FDI in multi-brand retail
10. RBI better placed to tackle inflation in Sept review; economists says RBI likely to raise rates by 25bps in mid - Sept ‘10
11. Compulsory licensing of patented drugs under study; bid to ensure availability of low-cost medicines
Indian Markets
12. Nifty broke down and hangs above 50EMA; next support seen @ 5350; 5296 Nifty Chart
13. FIIs & DIIs: FIIs remained net buyers to the extent of Rs. 10,374.30 Cr (Month to date); DIIs sold Rs. -2825.7 Cr (Month to date)
14. Gold ETFs in India, the world’s biggest buyer of bullion, may surge as much as 17 times in the next three years as investors seek a refuge from financial turmoil and inflation
Sectors
15. Cement cos cut prices by INR 2-4/kg in Western India
16. Orissa Independent Power Producers (IPP) projects to again go under scanner; Govt. wants to remove idlers; 11 IPPs yet to acquire any land
Stocks
17. Reliance checks into Oberoi Hotels; buys 14.12% stake in EIH ltd for INR 10.21bn Reliance Industries Chart
18. ONGC claims consent must for Cairn deal; Invokes pre-emptive rights under pact, seeks details of transaction ONGC Chart
18. Videocon in talks to sell 26% in telco arm Videocon Chart
Quotes
20. "It takes character to sit there with all that cash and do nothing. I didn't get to where I am by going after mediocre opportunities." - Charles Munger
1. S&P consolidates near $1048 levels; US economy continues to remain on shaky ground S&P Chart
2. US dollar consolidates closer to 50 EMA & 100 EMA on the backdrop of economic turmoil Dollar Chart
3. Crude after a prolonged correction, makes a smart uptick Oil Chart
4. Gold consolidates yet again; showing subtle signs of turnaround Gold Chart
Economy
5. Mr. Pranab sweetens Direct Taxes Code for everyone; Tax-payers at the low end to benefit the most – to be implemented by April, 2012
6. Revised DTC rings in good tidings for stock investors; Keep long-term capitals gains tax from shares nil, relaxes short-term capital gains tax
7. SEZ tax sops retained till 2014 but 20% MAT to weigh heavy; Bill suggests replacement of sops linked to profits with sops linked to investments
8. Bond yields touch 8% on rate hike concerns; experts see 25bps rate hike & expect trade at 8-8.10% in short term
9. Consumer Affairs Ministry says yes to 49% FDI in multi-brand retail
10. RBI better placed to tackle inflation in Sept review; economists says RBI likely to raise rates by 25bps in mid - Sept ‘10
11. Compulsory licensing of patented drugs under study; bid to ensure availability of low-cost medicines
Indian Markets
12. Nifty broke down and hangs above 50EMA; next support seen @ 5350; 5296 Nifty Chart
13. FIIs & DIIs: FIIs remained net buyers to the extent of Rs. 10,374.30 Cr (Month to date); DIIs sold Rs. -2825.7 Cr (Month to date)
14. Gold ETFs in India, the world’s biggest buyer of bullion, may surge as much as 17 times in the next three years as investors seek a refuge from financial turmoil and inflation
Sectors
15. Cement cos cut prices by INR 2-4/kg in Western India
16. Orissa Independent Power Producers (IPP) projects to again go under scanner; Govt. wants to remove idlers; 11 IPPs yet to acquire any land
Stocks
17. Reliance checks into Oberoi Hotels; buys 14.12% stake in EIH ltd for INR 10.21bn Reliance Industries Chart
18. ONGC claims consent must for Cairn deal; Invokes pre-emptive rights under pact, seeks details of transaction ONGC Chart
18. Videocon in talks to sell 26% in telco arm Videocon Chart
Quotes
20. "It takes character to sit there with all that cash and do nothing. I didn't get to where I am by going after mediocre opportunities." - Charles Munger
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