Global Markets
1. S&P 500 tumbles on fears of European debt crisis, China’s latest market tightening policies and chances of America loosing its AAA debt rating. SP Chart
2. US Dollar: Rises on strong data regarding consumer price index and industrial production index. US Dollar Chart
3. Crude prices drop on concerns about high prices impact on demand. Crude Oil Chart
4. Gold prices rise a it becomes as safe haven from risky assets. Gold Chart
Economy
5. Food prices are expected to remain steady this summer as a bumper grain production is expected to cool off food inflations.
6. The Centre for Monitoring Indian Economy (CMIE) has projected India’s GDP growth at a robust 8.8%, mainly driven but the agricultural sector, an increase in private consumption and gross fixed capital formation.
7. India’s Inflation figures touched 8.98% in March as against 8.31% in February on higher fuel and manufactured product prices. This has added more pressure on the Reserve Bank of India (RBI) to tighten its monetary policy to curb inflation.
8. The planning commission is going to meet on 21st April to draft the 12th five year plan, with special focus on growth and inflation.
9. Indian local oil products sale rose 3.9% higher in March compared in February as elections in some states spurred demand.
Indian Markets
10. Nifty reacted negatively this week to inflation pressures and announcements of below the expectations results by Infosys technologies. Nifty Chart
11. FIIs purchased shares worth a net Rs. 7,656.40 from April 1st to Date, 2011; Domestic funds bought shares worth a net Rs 57,447.90 cr for the same period.
Sector
12. In a significant step towards securing energy security ONGC signed agreements with hydrocarbon rich Kazakhstan. Three agreements were signed out of which the most significant one was the purchase of 25% stake in Satpayev exploration block in the Caspian Sea which has estimated 1.75 million barrels of oil.
13. India emerges as the fastest growing car market in the world in 2010-11 beating Asian counterpart China. The Indian Auto sector grew by 29% and an unprecedented slowdown in the Chinese auto industry were key factors in Indian auto industries rise to the top.
14. Larsen & Toubro are in talk with several engineering firms regarding the sale of their electrical and electronics units which it estimates to be worth around $ 3 billion.
15. Infosys Technologies declared Q4, FY11 results which were below market expectations. A net profit of Rs. 1,864 Cr was expected but the company announced Rs 1,818 Cr net profit. Infosys also announced FY12 guidance where it expects an 18% to 20% YOY growth and to post an EPS of Rs. 126.05 to Rs. 128.21.
16. Reliance Industries may enter USD 32.5 Billion homeland security (defence) and aerospace sectors. This news is derived from RIL’s hiring of Vivek Lall, a former head of Boeing's military and commercial divisions in India who had helped win large orders for the US Company.
Stocks
17. Infosys announces results below market expectations, share tumbles almost 10%. Infosys Chart
18. IDBI Banks PAT surged 62% to Rs 516 Cr in Q4 FY11. IDBI Chart
19. HDFC Bank Q4 net up 33% at Rs 1115 Cr better than market expectations. HDFC Chart
Quotes
20. “Money may be the husk of many things but not the kernel. It brings you food, but not appetite; medicine, but not health; acquaintance, but not friends; servants, but not loyalty; days of joy, but not peace or happiness”. ~Henrik Ibsen
April 19, 2011
April 12, 2011
T20 April 12th-2011
Global Markets
1. S&P 500 registered losses this week as investors remained cautious due to the increased violence in Libya and the escalation of the Japan crisis. SP Chart
2. US Dollar: Weakens on speculation that the Federal Reserve will trail other central banks in raising interest rates. US Dollar Chart
3. Crude prices touch a two and a half year high in response to escalating violence in Libya and political unrest in Nigerian. Crude Oil Chart
4. Gold prices rise on the back of demand driven by hedging against volatile global markets. Gold Chart
Economy
5. The Index for industrial production (IIP) dipped to 3.6% in the month of Feb from 15.1% YOY, mainly due to poor performance from the manufacturing and mining sectors.
6. Government’s attempts to curb inflation is not taking roots as food inflation is at 9.18% YOY as on march 26th, 2011.
7. Rating agency CRISIL expects higher interest rates and inflation to investment driven demand and inflation to hit retail demand. Profitability of players in cement, chemicals, construction, automobiles and textile may be affected due to high input costs.
8. Exporters are rejoicing as the Indian Supreme Court has lifted the iron ore export ban imposed on shipments form the Karnataka. This move will set to ease prices of the commodity.
Indian Markets
9. Nifty experiencing retardation of growth on the back of an unexpected slowdown of country’s industrial production growth and rising commodity costs. Nifty Chart
10. FIIs purchased shares worth a net Rs. 5879.5 cr from April 1st to Date, 2011; Domestic funds bought shares worth a net Rs 50,259.9 cr for the same period.
Sector
11. Indian Pharma have a great opportunity on hand as they are fighting to gain access to the USD 100 Billion worth of drugs that come off patents over the next two years.
12. Telecom companies are upset as government propose licence renewal every 10 years instead of the previous period of 20 years.
13. Car sales seen slowing in 2011 on the back of an expected hike in interest rates and higher input costs.
14. An SBI led consortium picks up 23.3% of Kingfisher airlines as they converted Rs750 Crores in debt into equity shares.
15. In a blow to shipping companies, the sipping secretary ruled out subsidies for ship building anytime soon.
16. Steel companies are under pressure as the rise in production cost due to high cost of iron ore and coal cannot be passed onto their customers as there is weak demand for steel products. Impact is less on companies like Tata steel and SAIL as they own their own iron ore mines and more on players like JSW steel and Essar Steel who have to buy resources from the open market.
Stocks
17. JSW Steel posts record quarterly crude steel output in Q4 FY11. JSW Chart
18. Tata Chemicals Buys 25% of Olam JV in Gabon for USD 290 Million. Tata Chemicals Chart
19. Tata power has won a prestigious order from the ministry of defence to modernise the air field infrastructure of the Indian Air Force. Tata Power Chart
Quotes
20. “October: This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November, May, March, June, December, August and February”. ~Mark Twain
1. S&P 500 registered losses this week as investors remained cautious due to the increased violence in Libya and the escalation of the Japan crisis. SP Chart
2. US Dollar: Weakens on speculation that the Federal Reserve will trail other central banks in raising interest rates. US Dollar Chart
3. Crude prices touch a two and a half year high in response to escalating violence in Libya and political unrest in Nigerian. Crude Oil Chart
4. Gold prices rise on the back of demand driven by hedging against volatile global markets. Gold Chart
Economy
5. The Index for industrial production (IIP) dipped to 3.6% in the month of Feb from 15.1% YOY, mainly due to poor performance from the manufacturing and mining sectors.
6. Government’s attempts to curb inflation is not taking roots as food inflation is at 9.18% YOY as on march 26th, 2011.
7. Rating agency CRISIL expects higher interest rates and inflation to investment driven demand and inflation to hit retail demand. Profitability of players in cement, chemicals, construction, automobiles and textile may be affected due to high input costs.
8. Exporters are rejoicing as the Indian Supreme Court has lifted the iron ore export ban imposed on shipments form the Karnataka. This move will set to ease prices of the commodity.
Indian Markets
9. Nifty experiencing retardation of growth on the back of an unexpected slowdown of country’s industrial production growth and rising commodity costs. Nifty Chart
10. FIIs purchased shares worth a net Rs. 5879.5 cr from April 1st to Date, 2011; Domestic funds bought shares worth a net Rs 50,259.9 cr for the same period.
Sector
11. Indian Pharma have a great opportunity on hand as they are fighting to gain access to the USD 100 Billion worth of drugs that come off patents over the next two years.
12. Telecom companies are upset as government propose licence renewal every 10 years instead of the previous period of 20 years.
13. Car sales seen slowing in 2011 on the back of an expected hike in interest rates and higher input costs.
14. An SBI led consortium picks up 23.3% of Kingfisher airlines as they converted Rs750 Crores in debt into equity shares.
15. In a blow to shipping companies, the sipping secretary ruled out subsidies for ship building anytime soon.
16. Steel companies are under pressure as the rise in production cost due to high cost of iron ore and coal cannot be passed onto their customers as there is weak demand for steel products. Impact is less on companies like Tata steel and SAIL as they own their own iron ore mines and more on players like JSW steel and Essar Steel who have to buy resources from the open market.
Stocks
17. JSW Steel posts record quarterly crude steel output in Q4 FY11. JSW Chart
18. Tata Chemicals Buys 25% of Olam JV in Gabon for USD 290 Million. Tata Chemicals Chart
19. Tata power has won a prestigious order from the ministry of defence to modernise the air field infrastructure of the Indian Air Force. Tata Power Chart
Quotes
20. “October: This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November, May, March, June, December, August and February”. ~Mark Twain
April 05, 2011
T20 April 5th-2011
Global Markets
1. S&P 500 was being propelled on expectations of record profits to be announced by companies. SP Chart
2. US Dollar: Experiencing weakness as rising cost of oil puts pressure on the dollar. US Dollar Chart
3. Crude prices see a sharp rise as Libyan crisis escalates and political instability spreads to Nigeria and Yemen. Crude Oil Chart
4. Gold prices steady on the back on good demand. Gold Chart
Economy
5. Relief in sight as food inflation could be seen easing to 8% by end-March, 2011 on the back of a good winter harvest.
6. India is not going to grow fast enough according to credit rating agency Fitch as it downgraded Indian economy’s growth projection to 8.3% in 2011-12 on account of high inflationary pressure.
7. India's exports in February rose an annual 49.7% to USD 23.6 billion, while imports for the month rose 21.2% on the year to USD 31.7 billion.
8. Indian economy on solid ground as March factory Purchasing Managers Index (PMI) was at a steady 57.9, bolstered by the strong pace of expansion in India's manufacturing sector steadied in March, helped by sustained new orders and output.
9. Companies are rejoicing as in order to boost FDI flows into the country the government provided greater flexibility to Indian firms to raise overseas capital, gave freedom to foreign companies to invest in the same field outside their JV without the consent of their JV partner and allowed Indian companies to issue equity against import of capital goods.
Indian Markets
10. Nifty experiencing a good positive run as on steady growth in Indian manufacturing sector. Nifty Chart
11. FIIs purchased shares worth a net Rs. 9,268.8 cr from March 1st to Date, 2011; Domestic funds bought shares worth a net Rs 34,895.2 cr for the same period.
Sector
12. Airlines win preliminary battle as Supreme Court defers implementation of new ground handling policy, citing that it will affect airlines efficiency.
13. Cheque payments are about to get costlier as the RBI has allowed banks to levy higher service charges for clearing of cheques, especially the high value and outstation cheques.
14. Docomo to invest 800 Crore in Tata Teleservices through a rights issue, the money will be used to expand the company’s network coverage and also strengthen its 3G network.
15. Garment Manufacturers have a reason to be happy as government in considering a rollback on its 10% excise duty on branded garments.
16. Iron ore exports from India fell 18% in April- Feb period on the back of a continued ban on shipments from key mining state Karnataka and March figures are not expected to be better as Chinese buyers wait for a global price fall.
Stocks
17. Smartlink Network Systems Thursday said it will sell its Digilink business to Schneider Electric India for Rs 503 crore in cash. Smartlink Chart
18. Welspun Corp gets pipe orders worth RS 1,182 Cr, which it will execute over the year. Welspun Chart
19. International Paper is going to buy 53.5% of AP paper, aims to own 75% of the company by September, 2011. AP-Paper Chart
Quotes
20. “Money isn't the most important thing in life, but it's reasonably close to oxygen on the "gotta have it" scale.” ~Zig Ziglar
1. S&P 500 was being propelled on expectations of record profits to be announced by companies. SP Chart
2. US Dollar: Experiencing weakness as rising cost of oil puts pressure on the dollar. US Dollar Chart
3. Crude prices see a sharp rise as Libyan crisis escalates and political instability spreads to Nigeria and Yemen. Crude Oil Chart
4. Gold prices steady on the back on good demand. Gold Chart
Economy
5. Relief in sight as food inflation could be seen easing to 8% by end-March, 2011 on the back of a good winter harvest.
6. India is not going to grow fast enough according to credit rating agency Fitch as it downgraded Indian economy’s growth projection to 8.3% in 2011-12 on account of high inflationary pressure.
7. India's exports in February rose an annual 49.7% to USD 23.6 billion, while imports for the month rose 21.2% on the year to USD 31.7 billion.
8. Indian economy on solid ground as March factory Purchasing Managers Index (PMI) was at a steady 57.9, bolstered by the strong pace of expansion in India's manufacturing sector steadied in March, helped by sustained new orders and output.
9. Companies are rejoicing as in order to boost FDI flows into the country the government provided greater flexibility to Indian firms to raise overseas capital, gave freedom to foreign companies to invest in the same field outside their JV without the consent of their JV partner and allowed Indian companies to issue equity against import of capital goods.
Indian Markets
10. Nifty experiencing a good positive run as on steady growth in Indian manufacturing sector. Nifty Chart
11. FIIs purchased shares worth a net Rs. 9,268.8 cr from March 1st to Date, 2011; Domestic funds bought shares worth a net Rs 34,895.2 cr for the same period.
Sector
12. Airlines win preliminary battle as Supreme Court defers implementation of new ground handling policy, citing that it will affect airlines efficiency.
13. Cheque payments are about to get costlier as the RBI has allowed banks to levy higher service charges for clearing of cheques, especially the high value and outstation cheques.
14. Docomo to invest 800 Crore in Tata Teleservices through a rights issue, the money will be used to expand the company’s network coverage and also strengthen its 3G network.
15. Garment Manufacturers have a reason to be happy as government in considering a rollback on its 10% excise duty on branded garments.
16. Iron ore exports from India fell 18% in April- Feb period on the back of a continued ban on shipments from key mining state Karnataka and March figures are not expected to be better as Chinese buyers wait for a global price fall.
Stocks
17. Smartlink Network Systems Thursday said it will sell its Digilink business to Schneider Electric India for Rs 503 crore in cash. Smartlink Chart
18. Welspun Corp gets pipe orders worth RS 1,182 Cr, which it will execute over the year. Welspun Chart
19. International Paper is going to buy 53.5% of AP paper, aims to own 75% of the company by September, 2011. AP-Paper Chart
Quotes
20. “Money isn't the most important thing in life, but it's reasonably close to oxygen on the "gotta have it" scale.” ~Zig Ziglar
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