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