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