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