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