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