November 30, 2010

Global Cues_30Nov2010

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T20_30Nov2010

Global Markets
1. S&P consolidates and takes a strong support at 1177 S&P Chart
2. US dollar – Makes a strong upward movement; momentum still positive Dollar Chart
3. Crude breaks the consolidation range and surges ahead; this is one commodity to watch out for! Oil Chart
4. Momentum still negative, only fair after the dream run it had Gold Chart

Economy
5. Forex kitty falls to $298 bn on foreign currency assets decline
6. Infra sector remains largest contributor to India’s GDP
7. Oct ’10 iron ore exports drop 30.4% year-on-year
8. FDI inflows rise 40% to US$2.11 bn in Sept ‘10
9. 4K cr loss to Guj farmers due to raw cotton export ban

Indian Markets
10. Nifty slides further, momentum still negative Nifty Chart
11. FIIs continue on a buying spree, bought share worth a net Rs 22,050.8 cr Month to date; Domestic funds bought shares worth a net Rs 15,355.2 cr – MTD


Sectors
12. Textile parks attract Rs.3,500 crore investment
13. Jewellery exports rise 38% in Oct
14. Fertiliser prices likely to go up on lower subsidy rates
15. Air traffic up 18.3% in October
16. Railways freight revenues up 8.4 % in October 2010

Stocks
17. Coal India H1 net rises 29% at Rs. 4,020 cr Coal India Chart
18. M&M inks SsangYong deal; buys 70% for US$463 m M&M Chart
19. MphasiS joins TWITCH in bn-dollar club Mphasis Chart

Quotes
20. "If past history was all there was to the game, the richest people would be librarians." - Warren Buffett

November 17, 2010

Global Cues_16Nov2010

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T20_16Nov2010

Global Markets
1. S&P takes a U turn, goes into consolidation mode S&P Chart
2. US dollar – Breaks the resistance and heads north, takes support at moving averages Dollar Chart
3. Crude finally breaks down and heads down below $85 Oil Chart
4. Upward rally breaks Gold moves South Gold Chart

Economy
5. India has the capacity to absorb upto $70bn, further which it needs to worry of foreign inflows – especially US Federal Reserve’s move to buy $600 billion in government securities
6. RBI’s monetary policy has helped to bring down inflation to 9 month low of 8.58%
7. Forex reserves cross US$300 bn
8. Railways register 7.15% growth in freight loading in Oct 2010
9. September industrial output growth slows sharply to 4.4%
10. Food inflation eases to 12.3% on cheaper pulses

Indian Markets
11. Nifty takes a break after a steep bull rally Nifty Chart
12. FIIs continue on a buying spree, bought share worth a net Rs 21029.3 cr Month to date; Domestic funds bought shares worth a net Rs 6277.8 cr – MTD


Sectors
13. Tyre industry skids over stretching rubber prices
14. Security industry growing at 30% a year
15. Indian domestic car sales in October jump by 38%
16. Indian IT industry hails Obama’s outsourcing stand

Stocks
17. Heidelberg Cement is seeking to form joint ventures to secure coal supplies for a planned 12 billion rupee ($265 million) expansion Heidelberg Cement Chart
18. Ranbaxy Q3 net up 16.5% at Rs 312.8 cr Ranbaxy Chart
19. African safari weighs heavy on Bharti, net falls 27% to Rs1,661 cr Bharti Chart

Quotes
20. "If a business does well, the stock eventually follows." - Warren Buffett

November 10, 2010

Global Cues_09Nov2010

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T20_09Nov2010

Global Markets
1. S&P remains range-bound, corporate earnings season ends fruitfully S&P Chart
2. US dollar – Creates a double top pattern; is there a further downside round the corner? Dollar Chart
3. Crude consolidates, is it getting prepared for a significant breakout? Oil Chart
4. Gold dips and rises again; will another joy ride begin from here? Gold Chart

Economy
5. India & US weigh $10 bn infrastructure fund; countries sign preliminary accord on shale gas too
6. The Govt is likely to dilute its stake in IOC,SAIL & ONGC in Q1 next year
7. FII’s buying spree worries RBI - Capital flows reversal can be handled; open mkt operations a corrective step to get the preferred band of deficit
8. US to ease export curbs to India;seeks quid pro quo on trade (BSTD) US FED to buy $600bn treasuries to boost struggling eco

Indian Markets
9. Nifty goes berserk during diwali; makes a rocket like upward movement Nifty Chart
10. FIIs continue on a buying spree, bought share worth a net Rs 14650 cr Month to date; Domestic funds bought shares worth a net Rs 1557 cr – MTD


Sectors
12. Some banks may go slow on teaser home loans
13. Energy industry needs structural reforms to benefit from govt sops says FM Pranab
14. Gas pipeline tariff policy to skew industrialization; variable tariffs clash with gas utilization plan
14. Tyre industry seeks easing of import duty as rubber production slips

Stocks
15. Coal India lighted up street with 40% gains on debut; may soon be included in MSCI club
16. Glenmark may become first Indian firm with NCE (Novel Chemical Entry); could rake in over $ 80 mn Glenmark Chart

Quotes
17. "As long as we can make an annual 15 percent return on equity, I don't worry about one quarter's results." - Warren Buffett

November 04, 2010

Global Cues_2Nov2010

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T20_2Nov2010

Global Markets
1. S&P moves in a consolidation range, and expected to turn negative in coming trading sessions S&P Chart
2. US dollar – 78 levels comes with a very strong resistance, break out above this will set direction ahead Dollar Chart
3. Crude trades sideways, trading is range bound between 80 – 84 levels Oil Chart
4. After consolidation gold has risen and moves ahead after breaking the strong resistance levels of 1340 Gold Chart

Economy
5. Repo and Reverse hiked by 25bps
6. India ’s public debt rises 2.8% to Rs 28 Lakh cr
7. SEZ exports up 56% in Apr-Sep 2010-11
8. Food inflation falls sharply by 1.78% to 13.75% on improved supplies

Indian Markets
9. After a minor correction markets see a turnaround Nifty Chart
10. FIIs continue on a buying spree, bought share worth a net Rs 20983.70 cr Month to date; Domestic funds bought shares worth a net Rs 11252.5 cr - MTD
11. Gold has gained 2.5% since the end of Sep ’10

Sectors
12. Indian animation sector to grow at 20%: Study
13. Core sector growth dips to 2.5% in Sept
14. September infrastructure output up 2.5 per cent y/y

Stocks
15. Areva has Rs 13,300-crore plans for solar energy Areva Chart
16. Maruti sales jump 39% in Oct; posts record numbers Maruti Chart
17. Cairn India gains 4% on robust Q2 numbers Cairn Chart
18. R-Power places $8.3bn gear order R-Power Chart
19. Sterlite Q2 crawls up 5% Sterlite Chart

Quotes
20. “If past history was all there was to the game, the richest people would be librarians.” - Warren Buffet