T20 8th Feb 2011

Global Markets
1. S&P on an upward trend. S&P Chart
2. US dollar – moving slightly positively, has developed a support level at 77. Dollar Chart
3. Crude prices reducing after adverse reaction the Egypt crisis. Oil Chart
4. Gold prices moving up, facing a resistance level at 1355. Gold Chart

Economy
5. RBI indicates tighter monetary policy to contain inflation.
6. Exports rise 36.4 percent in December.
7. India's Information and Communication Technology (ICT) exports rise by 244% in 2009.
8. Panel to put PSUs' foreign buys plan on fast track.
9. FDI in India sees first slump since March '03.

Indian Markets
10. Nifty slides further. Momentum still negative facing resistance at 5390 level. Nifty Chart
11. FIIs purchase shares worth a net Rs. 139.5 cr in Month to date; Domestic funds bought shares worth a net Rs 7011.9 cr – MTD

Stocks
12. Coal prices to accelerate on production shortfall due to mining restrictions imposed by government.
13. Domestic car sales up 26%, bikes 15% in January
14. Car and bike prices likely to go up again, if excise duty in raised by 2% in Budget
15. Cement companies face margins erosions due to rising costs.
16. High cost of ATF likely to dent airline profitability.

Stocks
17. Ackruti plans to raise Rs 2.5 billion in Jan-March Ackruti Chart
18. Adani Power Q3 net jumps 50% at Rs 109.11-cr Adani Power Chart
19. Suzlon Energy Q3 loss at Rs 252 crore. Suzlon Energy Chart

Quotes
20. "The world is changing very fast. Big will not beat small anymore. It will be the fast beating the slow." – Rupert Murdoch.