December 24, 2010
T20_24Dec2010
Global Markets
1. S&P 500 is surging ahead, indicators still positive – Expected to sprint. S&P Chart
2. Moody’s may downgrade Portugal’s A1 rating by 1 or 2 notches on growth concerns
3. Deutsche Bank US tax fraud deal opens floodgates
4. Record oil demand pressures OPEC to open taps; Winter woes start to haunt the economy
5. US dollar – Faces resistance @ $81, wil lit break above, makes a smart uptick over the last week Dollar Chart
6. Crude makes a smart uptrend on supply woes Oil Chart
7. Gold continues to glitter after taking support @ 50DMA Gold Chart
Economy
8. The food price index rose 12.13% while the fuel price index climbed 10.74% in the year to December 11, 2010
9. Onion prices in India dropped more than a 22% by mid-week after the federal government allowed duty-free imports
10. Year 2010 saw $66bn M&A action, notching up a gain of 200% over previous year
Indian Markets
11. Nifty makes a strong resistance at 5960, a break above this will see it safely land above 6000 levels Nifty Chart
12. FIIs did a profit-taking as the year ends with Rs. 2426 Cr (year-to-date); DIIs as usual differed from FIIs action and invested ~ Rs. 1159 Cr (year-to-date)
Sectors
13. India could decide to raise diesel and cooking gas prices at a ministerial meeting on December 30, 2010
14. RBI urges banks to keep lending to microfinance firms
15. Indian pharmaceuticals market looks poised to grow to $55 billion in 2020, according to a new McKinsey & Company report
16. After reporting a 27.3% rise in domestic automotive sales in the first half of the current financial year, the Society of Indian Automobile Manufacturers (Siam) expects growth in the domestic market to close at 18-20% for the entire year
17. Profitability of south-based real estate companies will remain subdued in the next quarter as under-construction projects will take some more time to be recognized in the balance-sheet of these companies
Stocks
18. JSW Steel to buy Ispat stake for Rs 2,157cr JSW Steel Chart
19. SAIL loses sheen on buzz of lower FPO price band SAIL Chart
Quotes
20. "If past history was all there was to the game, the richest people would be librarians." - Warren Buffett
1. S&P 500 is surging ahead, indicators still positive – Expected to sprint. S&P Chart
2. Moody’s may downgrade Portugal’s A1 rating by 1 or 2 notches on growth concerns
3. Deutsche Bank US tax fraud deal opens floodgates
4. Record oil demand pressures OPEC to open taps; Winter woes start to haunt the economy
5. US dollar – Faces resistance @ $81, wil lit break above, makes a smart uptick over the last week Dollar Chart
6. Crude makes a smart uptrend on supply woes Oil Chart
7. Gold continues to glitter after taking support @ 50DMA Gold Chart
Economy
8. The food price index rose 12.13% while the fuel price index climbed 10.74% in the year to December 11, 2010
9. Onion prices in India dropped more than a 22% by mid-week after the federal government allowed duty-free imports
10. Year 2010 saw $66bn M&A action, notching up a gain of 200% over previous year
Indian Markets
11. Nifty makes a strong resistance at 5960, a break above this will see it safely land above 6000 levels Nifty Chart
12. FIIs did a profit-taking as the year ends with Rs. 2426 Cr (year-to-date); DIIs as usual differed from FIIs action and invested ~ Rs. 1159 Cr (year-to-date)
Sectors
13. India could decide to raise diesel and cooking gas prices at a ministerial meeting on December 30, 2010
14. RBI urges banks to keep lending to microfinance firms
15. Indian pharmaceuticals market looks poised to grow to $55 billion in 2020, according to a new McKinsey & Company report
16. After reporting a 27.3% rise in domestic automotive sales in the first half of the current financial year, the Society of Indian Automobile Manufacturers (Siam) expects growth in the domestic market to close at 18-20% for the entire year
17. Profitability of south-based real estate companies will remain subdued in the next quarter as under-construction projects will take some more time to be recognized in the balance-sheet of these companies
Stocks
18. JSW Steel to buy Ispat stake for Rs 2,157cr JSW Steel Chart
19. SAIL loses sheen on buzz of lower FPO price band SAIL Chart
Quotes
20. "If past history was all there was to the game, the richest people would be librarians." - Warren Buffett
December 17, 2010
T20_16Dec2010
Global Markets
1. S&P 500 is surging ahead, indicators still positive – will it continue to sprint? S&P Chart
2. US Senate Democrats and Republicans, in a rare display of bipartisanship, headed towards passing President Barack Obama s sweeping deal to extend expiring tax cuts for millions of Americans.
3. US dollar – Moves down from the strong resistance levels of 81.73, momentum still negative Dollar Chart
4. Crude consolidating at 88-90 range, may rises further on supply woes Oil Chart
5. Gold at 1400 level , rise above 1431 is expected on weak dollar Gold Chart
Economy
6. IIP at 12.5% vs 9.1% (MoM) – Numbers took the street by surprise, lifted the spirits of a flailing market
7. 10-year yield seen between 8.05-8.10%
8. Wholesale price index rose 7.48% in November compared with 8.58% in October: Expectations rife that rate hikes likely over the next quarter as well
9. Advance tax payments for the quarter ending Dec, 2010 hits a new high
10. India has rejected the proposed free trade agreement with China: India already has large trade deficit with China; currently accounts for 11% of China’s exports while China accounts for only 6.5%
Indian Markets
11. Nifty makes a strong resistance at 5960, a break above this will see it safely land above 6000 levels Nifty Chart
12. FIIs Net Sale in Indian equities is -3,598.31 and DIIs net buy is 1,929.55
Sectors
13. Oil Prices are hiked by Rs.2.96/lt – Oil stocks begin to buzz on this backdrop
14. Banks likely to face pressure ahead of RBI quarterly review scheduled on 16 Dec, 2010
15. Power sector may see $1 billion PE inflows in six months
16. Cement industry's despatch for Nov'10 has declined by 2.9% and for YTD (Apr'10-Nov'10) increased by 5.8% on yoy. Cement prices have started softening in most of the regions and gone down by around Rs 10-25/bag.
Stocks
17. IFCI inc. stake in TFCI to 37.36%, looking for taking majority control. IFCI Chart
18. SCI slips below its FPO price of Rs. 140 SCI Chart
19. Wipro looking to acquire companies in Latin America and Africa Wipro Chart
Quotes
20. “Operations for profit should be based not on optimism but on arithmetic.”- Benjamin Graham
1. S&P 500 is surging ahead, indicators still positive – will it continue to sprint? S&P Chart
2. US Senate Democrats and Republicans, in a rare display of bipartisanship, headed towards passing President Barack Obama s sweeping deal to extend expiring tax cuts for millions of Americans.
3. US dollar – Moves down from the strong resistance levels of 81.73, momentum still negative Dollar Chart
4. Crude consolidating at 88-90 range, may rises further on supply woes Oil Chart
5. Gold at 1400 level , rise above 1431 is expected on weak dollar Gold Chart
Economy
6. IIP at 12.5% vs 9.1% (MoM) – Numbers took the street by surprise, lifted the spirits of a flailing market
7. 10-year yield seen between 8.05-8.10%
8. Wholesale price index rose 7.48% in November compared with 8.58% in October: Expectations rife that rate hikes likely over the next quarter as well
9. Advance tax payments for the quarter ending Dec, 2010 hits a new high
10. India has rejected the proposed free trade agreement with China: India already has large trade deficit with China; currently accounts for 11% of China’s exports while China accounts for only 6.5%
Indian Markets
11. Nifty makes a strong resistance at 5960, a break above this will see it safely land above 6000 levels Nifty Chart
12. FIIs Net Sale in Indian equities is -3,598.31 and DIIs net buy is 1,929.55
Sectors
13. Oil Prices are hiked by Rs.2.96/lt – Oil stocks begin to buzz on this backdrop
14. Banks likely to face pressure ahead of RBI quarterly review scheduled on 16 Dec, 2010
15. Power sector may see $1 billion PE inflows in six months
16. Cement industry's despatch for Nov'10 has declined by 2.9% and for YTD (Apr'10-Nov'10) increased by 5.8% on yoy. Cement prices have started softening in most of the regions and gone down by around Rs 10-25/bag.
Stocks
17. IFCI inc. stake in TFCI to 37.36%, looking for taking majority control. IFCI Chart
18. SCI slips below its FPO price of Rs. 140 SCI Chart
19. Wipro looking to acquire companies in Latin America and Africa Wipro Chart
Quotes
20. “Operations for profit should be based not on optimism but on arithmetic.”- Benjamin Graham
December 09, 2010
T20_07Dec2010
Global Markets
1. S&P bounces back from the support level, indicators still positive further rise expected S&P Chart
2. US dollar – Moves down from the strong resistance levels of 81.73, momentum still negative Dollar Chart
3. Crude rises further on supply woes Oil Chart
4. Gold rises and rallies further on falling dollar Gold Chart
Economy
5. Food inflation at 18-month low of 8.6%
6. FII inflows touch record US$39bn in 2010
7. Exports grow by 21.6% in October
8. Q2 GDP nos set pace for 9% growth, farm sector robust
9. Core growth hits 7-month high at 7% in Oct
Indian Markets
10. Nifty makes a strong resistance at 6064, momentum still positive Nifty Chart
11. FIIs continue on a buying spree, bought share worth a net Rs 1571.2 cr Month to date; Domestic funds bought shares worth a net Rs 3114.5 cr – MTD
Sectors
12. ITC, Godfrey Phillips stop cigarette production
13. Auto sales continue to soar in Nov
Stocks
17. JSW Steel plans to increase number of its retail outlets JSW Steel Ltd Chart
18. TCS launches first BPO centre in the Philippines TCS Chart
19. R-Power to double Rosa capacity, invests another Rs. 6,000 cr RPower Chart
17. Ranbaxy gets US nod for Alzheimer s drug Ranbaxy Chart
18. Mastek buys assets of SEG Software Mastek Chart
19. Apollo to sell 49% in Pharma chain unit Apollo Hosp Chart
Quotes
20. "If past history was all there was to the game, the richest people would be librarians." - Warren Buffett
1. S&P bounces back from the support level, indicators still positive further rise expected S&P Chart
2. US dollar – Moves down from the strong resistance levels of 81.73, momentum still negative Dollar Chart
3. Crude rises further on supply woes Oil Chart
4. Gold rises and rallies further on falling dollar Gold Chart
Economy
5. Food inflation at 18-month low of 8.6%
6. FII inflows touch record US$39bn in 2010
7. Exports grow by 21.6% in October
8. Q2 GDP nos set pace for 9% growth, farm sector robust
9. Core growth hits 7-month high at 7% in Oct
Indian Markets
10. Nifty makes a strong resistance at 6064, momentum still positive Nifty Chart
11. FIIs continue on a buying spree, bought share worth a net Rs 1571.2 cr Month to date; Domestic funds bought shares worth a net Rs 3114.5 cr – MTD
Sectors
12. ITC, Godfrey Phillips stop cigarette production
13. Auto sales continue to soar in Nov
Stocks
17. JSW Steel plans to increase number of its retail outlets JSW Steel Ltd Chart
18. TCS launches first BPO centre in the Philippines TCS Chart
19. R-Power to double Rosa capacity, invests another Rs. 6,000 cr RPower Chart
17. Ranbaxy gets US nod for Alzheimer s drug Ranbaxy Chart
18. Mastek buys assets of SEG Software Mastek Chart
19. Apollo to sell 49% in Pharma chain unit Apollo Hosp Chart
Quotes
20. "If past history was all there was to the game, the richest people would be librarians." - Warren Buffett
Subscribe to:
Posts (Atom)