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