T20 23rd Feb 2011

Global Markets

1. S&P on Steady growth. S&P Chart

2. US Dollar - downward movements but finding support level at 77.5. Dollar Chart

3. Crude price on the rise. Oil Chart

4. Gold prices steadily rising on the back of good demand. Gold Chart


Economy

5. Food processing sector to gets 576 cr FDI on the back of widening scope of service tax exemptions.

6. India's FDI in 2010 dips by 22 pc to $ 21 bn, due to investor caution.

7. Forex reserves dip $752-mn to $ 298.66-bn.

8. Gold imports may exceed 918 tonnes level this year, due to high demand coupled with high economic growth.

9. Food subsidy bill to rise by 27 per cent to Rs 74,231 crore this year.


Indian Markets

10. Nifty experiencing positive movements faces resistance at 5550 level. Nifty Chart

11. FIIs sold shares worth a net Rs. 397.9 cr in Month to date; Domestic funds bought shares worth a net Rs 1,82,229.3 cr – MTD


Sectors

12. Auto companies worry over levy on diesel vehicles, could hit demand and impact future investment in India.

13. India adds 13 mn GSM subscribers in January, with Bharti Airtel being the biggest gainer with 3.3 mn new subscribers.

14. Government weighs fuel price hike as crude hits $108 per barrel.

15. Engineering exports may touch $52 bn this fiscal, largely on increasing demand from US and Latin America markets.

16. Sugar output up by over 16% at 13.4 mn tonne till Feb Domestic funds bought shares worth a net Rs 1,82,229.3 cr – MTD


Stocks

17. Ranbaxy reports loss in Q4, on the back of weak international sales. 2011 sales forecast is Flat. Ranbaxy Chart

18. Reliance Industries, BP signs $7.2 bn oil & gas deal. Reliance Chart

19. Punj Lloyd bags Rs 735-crore project from NHAI. PunjLloyd Chart


Quotes

20. If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability. ~Henry Ford