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