January 20, 2011

Global Cues_19 Jan2011

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T-20 19thJan11

Global Markets
1. S&P 500 is crusing towards 1300 mark. S&P Chart
2. Oil began flowing again through the trans-Alaska pipeline after workers installed a pipe to bypass a leak at a pump house station on the North Slope.
3. Oil prices slipped to near US$91 a barrel in Asia after China 's latest move to restrict lending raised the prospect of weaker demand for crude. Oil Chart
4. Germany again ruled out bolstering the size of the EU bailout fund as proposed last week by European Commission President Jose Manuel Barroso.
5. USD falls below 80 again on concern over China tightening monetary policy. Dollar Chart
6. Gold falls below 1375, near its one month low. Gold Chart

Economy
7. Leading economic research agency CMIE has forecast that the Indian economy will grow by a robust 9.2%
8. The government is likely to announce significant policy measures relating to allowance of FDI in the multi-brand retail segment.
9. The government plans to establish 50 centres of excellence in frontier areas of science and technology in the next six years
10. FIIs will have to provide more details of their activities in Indian equity markets to the capital markets regulator from April.
11. Indirect tax collections grew 42.8% during April-December 2010, at USUS$ 52.10 billion whereas net indirect tax collections in December 2010, grew 45.9% to USUS$ 6.47 billion.
12. Cement cos tipped to post tepid Q3 results. Cement companies are set to unveil disappointing results for the December quarter.
13. Economists have told Finance Minister Pranab Mukherjee to focus on policies to boost agricultural productivity in the upcoming Budget for 2011-12.

Indian Markets
14. Nifty bounses back above 5700 after good results from TCS,HDFC and L&T. May remain Sluggish. Nifty Chart
15. FII shockingly sold above Rs.4500cr in Indian equity markets.
16. The headline inflation rose an annual 8.43% in December on higher food prices


Stocks
17. The Rs 400-crore Camlin is entering into a distribution tie-up with Japan's third largest writing instrument company, Zebra. Camlin Ltd Chart
18. Larsen & Toubro has reported a 25% dropin order inflow at Rs 13,666 crore for 3rd quarter. LT Chart
19. LIC housing finance pulls back after good 3rd quarter results. LIC Housing Finance Chart

Quotes
20. “OCTOBER: This is one of the peculiarly dangerous months to speculate in stocks in. The other are July, January, September, April, November, May, March, June, December, August, and February.”
-Mark Twain

January 13, 2011

T-20_12thJan

Global Markets
1. S&P 500 is consolidating at its 2-year high. S&P Chart
2. Japan pledged to buy euro zone bonds this month in a show of support for Europe's struggle with a seething debt crisis as Portugal wrestled to fend off market and peer pressure to seek a bailout.
3. Worries over flooding in Australia worsened as the death toll mounted and waters threatened the major city of Brisbane.
4. Container traffic growth in Shanghai, Hong Kong and Singapore has cooled down, which may damp growth in Asian shipping industry.
5. Greece raised 1.95 bn euros (2.52 bn US dollars) at 4.9 percent interest by selling six-month Treasury bills.
6. China forex reserves hit record $2.8 trillion, lending above target.
7. A leak that forced the closure of the Trans-Alaska Pipeline network , it may spike crude oil prices Oil Chart
8. USD is getting stronger and moving towards 200DMA. Dollar Chart
9. Gold falls below 1350 on strong dollar. Gold Chart

Economy
10. Overall auto sales in India grew nearly 31% in 2010 .
11. RBI is expected to increase base rates by 50 bps.
12. IIP numbers rose by 2.3% in November after 11.7% growth in October

Indian Markets
13. Nifty falls below 5800 on fear of rate hikes and due to inflationary pressure. Nifty Chart
14. FII Net sell this week in equity is Rs -63 cr.
15. SC issued notices to DoT, TRAI, and 11 telecom companies on a PIL seeking cancellation of licenses allocated during the tenure of A Raja.
16. Equity diversified NAVs decline sharply with advance:decline ratio of 0:254 as the Equity benchmarks saw a free-fall and kicked off the second week of 2011 on a bearish note.

Stocks
17. Net profit of Infy in Q3 is expected to go up by 4.47% at Rs 1,814.69 cr as against Rs 1,737 cr (QoQ). Infosys Chart
18. JP Associates touches 52-week low JP Associates Chart
19. SEBI allowed the stock exchanges to introduce derivative contracts on foreign stock indices.

Quotes
20. “There are two times in a man's life when he should not speculate: when he can't afford it and when he can.”- Mark Twain

Global Cues_12 Jan2011

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January 03, 2011

Global Cues_29dec2010

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T20_29Dec2010

Global Markets
1. S&P 500 is at two year high S&P Chart
2. China's central bank has raised interest rates on loans that it makes to commercial banks to 2.25%
3. China's announced that it will lower its export quotas for rare earth minerals by 35 percent in the first half of 2011, raising concerns of a supply shortage and higher prices
4. Home prices falling faster in biggest US cities and are expected to fall through 1st half next year
5. USD- Still consolidating near 80 levels Dollar Chart
6. Gold again surges above 1400 after consolidating for 1 month Gold Chart

Economy
7. The index for primary articles group rose by 1.8%. The annual rate of inflation, calculated on point-to-point basis, stood at 15.35%
8. Fitch Ratings has revised up its forecast for India's GDP growth to 8.7%
9. India extends export ban on pulses until further order
10. Food inflation rises to 9.5%, fuel group inflation rebounds to 10.7%

Indian Markets
11. Nifty moves above 6000, may end the year above 6000 Nifty Chart
12. The 10-year yield is seen between 7.88-7.93%.
13. FII bought around Rs. 3000cr of equity after Christmas
14. Equity diversified NAVs ended higher with advance: decline ratio of 204:40 as the NIFTY closed above the psychologically important level of 6000.
15. The coal ministry has now approached the Cabinet to get a clearance for mining most of the areas classified as the 'no-go' zones by the environment ministry.

Stocks
16. Coal India is expecting to grow its Top-line by 13% Y-o-Y Coal India Chart
17. Etisalat, Airtel launch fiber optic cable from India to Europe Bharti Airtel Chart
18. Govt to up its stake in United Bank of India to 58% United Bank of India Chart
19. LIC housing finance to split its stock in ratio of 1:5 on 31st Dec. LIC Housing Finance Ltd Chart

Quotes
20. “It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.”-George Soros