T20 8th-March 2011

Global Markets


1. S&P in a sideways movement in response to uncertainty over international crude prices. SP Chart

2. US Dollar seeing an increasingly down trend, finding support at 76.50 levels. Dollar Chart

3. Crude prices touching a two and a half year high on back of Libyan crisis. Oil Chart

4. Gold prices still maintaining an uptrend on the back of strong demand. Gold Chart

Economy


5. India's food inflation at 10.39% yoy on Feb 19, 2011.

6. Private equity investments in Indian companies down by 54% yoy for Feb, 2011 with Banking, Financial services and Insurance attracted the maximum investments.

7. A panel consisting of Empowered Group of Ministers (EGOM) will consider the issue of export of 5 lakh tonnes of Sugar as food inflation shows signs of easing and high production is expected this year.

8. India’s per capita income increased by 14.5% during 2009/10 to Rs. 46,492 per person.

9. India's mobile subscribers at 771.18 million, adding 18.99 mn customers in Feb 2011.

Indian Markets


10. Nifty on a positive move finding resistance at the 5600 level. Nifty Chart

11. FIIs purchased shares worth a net Rs. 4,231.5 cr from March to Date, 2011; Domestic funds bought shares worth a net Rs 10,133.8 cr for the same period.

Sector


12. Telecom companies happy as 3G connections to hit 400 million within 4 years in India representing 30% of total mobile connections.

13. Pharma sector in India is nervous, FDI cap in Pharma to hurt global investor confidence which could lead to shifting of investments to other countries and discourage spending in healthcare sector.

14. PSU oil exploration and marketing companies’ losses on sale of petroleum fuel at less than cost price are set to double this quarter due to rising crude prices. Around 50% of the losses are going to covered by the government, around 33% is to covered by the Oil exploration companies and remaining to be covered by oil marketing companies.

15. Indian refineries performing much better than expected on production front as output rose 8.7% in Jan 2011 as compared to last year.

16. Indian service sector is thriving in India as it expanded at its fastest pace in 7 months helped by steady expansion of new business.

Stocks


17. Hero Group gets 26% of Honda’s stake in Hero Honda JV at half the market value. Hero Chart

18. Fortis buys 29% stake in Lanka Hospitals Corp. Fortis Chart

19. Gati plans to sell upto 49% of shipping business to Global shipping company in order to raise funds and expand business. Gati Chart

Quotes


20. “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning” - Henry Ford