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