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