October 27, 2010

Global Cues_27Oct2010

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T20_27Oct2010

Global Markets
1. S&P directionless and shows a range bound trading S&P Chart
2. US dollar – Turnarounds..moves up with a resistance at 78 levels Dollar Chart
3. Crude trades range bound between 80-84, a break out from this level will decide next course Oil Chart
4. Gold corrects from a high of 1380 levels, enters into consolidation mode Gold Chart

Economy
5. Another rate hike in the row
6. GDP growth expected to be in 8.25-8.75% range
7. Trade deficit narrows to 6-mth low in Sept
8. FDI inflows plunge by about 60% in August

Indian Markets
8. Markets corrects from high of ~3275 levels, momentum negative Nifty Chart
9. FIIs continue on a buying spree, bought share worth a net Rs 23866.8 cr Month to date; Domestic funds bought shares worth a net Rs 10710.6 cr - MTD
10. Gold has gained 1.54% since the end of Sep ’10

Sectors
11. Non-life insurers grow 23% in first half
12. IAF order worth Rs 250 cr to Indian industry
13. Cos mining scarce minerals to face curbs on concessions
14. Small green energy firms emerge hot buyout targets
16. Exports rise by 23% in September, highest in 2 years

Stocks
15. Wockhardt Hospitals to invest Rs.700 cr to double capacity Wockhardt Hospitals Chart
16. TVS Motor net zooms 123% TVS Motor Chart
19. UltraTech Q2 profit down 54% Ultratech Chart

Quotes
20. “If a business does well, the stock eventually follows” - Peter Lynch

October 20, 2010

Global Cues_19Oct2010

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T20_19Oct2010

Global Markets
1. S&P moves further but seems to enter into overheated region S&P Chart
2. US dollar – Indicators turning positive and hopes of turnaround strengthens Dollar Chart
3. Crude experiences a strong resistance at 84, further direction seems unclear Oil Chart
4. Gold makes a new high of $1382, commodity is overheated but no sign of reversal Gold Chart

Economy
5. India worried over its rising current account deficit
6. Disinvestment will bring in 40000 Cr by 2010-11; Coal India all set to make the biggest ever IPO debut
7. FDI inflow falls by 60% to USD 1.33 billion in August

Indian Markets
8. Turnaround has taken place…markets goes red Nifty Chart
9. FIIs continue on a buying spree, bought share worth a net Rs 19838.8 cr Month to date; Domestic funds bought shares worth a net Rs 13407 cr - MTD
10. Gold has gained 4.55% since the end of Sep ’10

Sectors
11. Animation industry likely to hit US$1 bn by 2012
12. Floods leave Pakistani textile firms in need of Indian cotton
13. Cement sales growth surges after three months
14. Indian auto sector may hit USD 12 billion exports in 2013-14

Stocks
15. Sesa Goa net up at Rs 388 cr Sesa Goa Ltd Chart
16. HDFC beats Street with 22% jump in Q2 profit HDFC Chart

Quotes
17. "It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction." - Warren Buffett

T20_19Oct2010

Global Markets
1. S&P moves further but seems to enter into overheated region S&P Chart
2. US dollar – Indicators turning positive and hopes of turnaround strengthens Dollar Chart
3. Crude experiences a strong resistance at 84, further direction seems unclear Oil Chart
4. Gold makes a new high of $1382, commodity is overheated but no sign of reversal Gold Chart

Economy
5. India worried over its rising current account deficit
6. Disinvestment will bring in 40000 Cr by 2010-11; Coal India all set to make the biggest ever IPO debut
7. FDI inflow falls by 60% to USD 1.33 billion in August

Indian Markets
8. Turnaround has taken place…markets goes red Nifty Chart
9. FIIs continue on a buying spree, bought share worth a net Rs 19838.8 cr Month to date; Domestic funds bought shares worth a net Rs 13407 cr - MTD
10. Gold has gained 4.55% since the end of Sep ’10

Sectors
11. Animation industry likely to hit US$1 bn by 2012
12. Floods leave Pakistani textile firms in need of Indian cotton
13. Cement sales growth surges after three months
14. Indian auto sector may hit USD 12 billion exports in 2013-14

Stocks
15. Sesa Goa net up at Rs 388 cr Sesa Goa Ltd Chart
16. HDFC beats Street with 22% jump in Q2 profit HDFC Chart

Quotes
17. "It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction." - Warren Buffett

October 13, 2010

Global Cues_13Oct2010

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T20_13Oct2010

Global Markets
1. S&P strongly moves after taking a strong support last week S&P Chart
2. US dollar expected to make a turnaround Dollar Chart
3. After many direction less trading sessions crude is now expected to head south Oil Chart
4. Gold makes a new high of $1360 but now the rally seems to be overheated, the same is seen in the trend Gold Chart

Economy
5. India’s Forex reserves up by $2.57 bn to $294.16 bn
6. IIP down to 15 month low, 5.6%
7. Sensex rallies further, has strong support from FII plus domestic buying

Indian Markets
8. Index shows a sign of overheating and a turnaround from high is expected Nifty Chart
9. FIIs continue on a buying spree, bought share worth a net Rs 13952.3 cr Month to date; Domestic funds bought shares worth a net Rs 16311.1 cr - MTD
10. Gold has gained 2.31% since the end of Sep ’10

Sectors
11. The shipping industry is sinking. It needs Rs. 55,000 cr for new ships
12. Pharma industry wary of EU commitment on seizure
13. Car sales up 30.4% in September
14. India’s telecom subscriber base reaches 670.60 million in August

Stocks
15. Exide Industries Q2 net up 9.4% Exide Industries Chart
16. CMC September quarter net up by 26% CMC Chart

Quotes
17. "Abnormally good or abnormally bad conditions do not last forever…” – Benjamin Graham

October 08, 2010

Global Cues_7Oct2010

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T20_06Oct2010

Global Markets
1. S&P crosses significant milestone 1150 after a long consolidation S&P Chart
2. USD fails to find support; continues to spiral downwards Dollar Chart
3. Crude reaches crucial highs, post-which it makes a turnaround Oil Chart
4. Gold continues its rally further and makes a new high of $1340.60 Gold Chart

Economy
5. Tracking global markets, silver and gold prices rallied sharply in the early trade on the local bullion market
6. Oil may rise to the second highest annual levels by next year on demand from China, India & Brazil upsetting OPEC & recovery of developing nations
7. As per HSBC's Purchasing Managers' Index, there was an increase in services sector hiring, but job cuts by manufacturers left the employment rate unchanged in September, 2010
8. Indian Economy to grow by over 8.5% says Chief Statistician of India T C A Anant
9. Surging rupee increases exporters worry

Indian Markets
10. Markets have entered in a new trading range, making a high of 6145.80 Nifty Chart
11. FIIs bought share worth a net Rs 29196 cr MTD; Domestic funds sold shares worth a net Rs 7236 cr – MTD
12. Gold prices hit record high above Rs 43,400 per tola in the country after yellow metal touched highest ever price of $ 1,348 an ounce in international market

Sectors
13. Banks raise their base rates to 8.5%
14. Indian fertilizer demand expected to rise by 13%
15. Major hospitals under income tax survey on TDS compliance
16. Indian pharmaceutical market has shown growth of a little over 20% for the 12 months ended July, above four times the global growth rate of about 5%
17. Energy majors to enter LED manufacturing; scale-up could see technology breach price barrier

Stocks
18. Mahindra Satyam FY 10 loss at Rs. 124.6 Cr net sales at Rs. 5481 Cr Satyam Chart
19. Abbot India August quarter profit up by 7% to Rs. 23.9 Cr Abbot India Chart

Quotes
20. "Acknowledging what you don't know is the dawning of wisdom." - Charlie Munger