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