August 18, 2010
August 17, 2010
T20_17Aug2010
Global Markets
1. Weak economic data from Japan and worse than expected manufacturing report from the New York region pushed the S&P into negative territory S&P Chart
2. Oil steadies near 1- month low; awaits inventory, economic data Oil Chart
3. Dollar makes a smart rally past 200EMA; consolidates close to 50EMA – shows signs of weakness Dollar Chart
4. Gold consolidates around 50EMA and makes an uptick Gold Chart
Economy
5. Inflation falls to 9.97% in July ‘10; is in single digits for the first time since 5 months – considerable downturn in primary articles
Inflation
6. Government is planning to introduce Bills on the Direct Taxes Code (DTC) and the Goods and Services Tax (GST) by August 26, 2010
7. Price of ethanol fixed at Rs 27 a litre for blending
8. IRDA may cap fee on basic policies; traditional policies to face the heat
9. Government bond prices dropped on heavy selling pressure from banks / corporates and call rates also finished lower at 5.65%
10. Fixed Deposit rates all set to raise; Investors can wait a while before they put in their money
11. China may outperform India in H2FY2010: Merrill Lynch
Indian Markets
12. Nifty has been range bound for a long time; support seen @ 5345, resistance @ 5450 - 5500 Nifty Chart
13. FIIs & DIIs: FIIs remained net buyers to the extent of Rs. 5752.4 Cr (Month to date); DIIs sold Rs. 1262.5 Cr (Month to date)
14. India gold demand stays weak as prices hit 6-wk high; demand likely to pick up as festive season begins
Sectors
15. Cement firms July 2010 growth lowest since 2001; dispatch growth further slipped to 1.63%
16. AMJ 10 quarter results showed relative slowdown; Sales, margins, profit lose some momentum, as earlier stimulus effects lessened
Stocks
17. Vedanta readies financing for acquisition of Cairn; Plans to fund the deal through debt, Sesa Goa’s cash reserve Cairn Chart
18. Yes Bank raises Rs 665 crore from bond issues Yes Bank Chart
19. Sterlites Niyamgiri mining project illegal Sterlite Industries Chart
Quotes
20. "Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well." - Warren Buffett
1. Weak economic data from Japan and worse than expected manufacturing report from the New York region pushed the S&P into negative territory S&P Chart
2. Oil steadies near 1- month low; awaits inventory, economic data Oil Chart
3. Dollar makes a smart rally past 200EMA; consolidates close to 50EMA – shows signs of weakness Dollar Chart
4. Gold consolidates around 50EMA and makes an uptick Gold Chart
Economy
5. Inflation falls to 9.97% in July ‘10; is in single digits for the first time since 5 months – considerable downturn in primary articles
Inflation
6. Government is planning to introduce Bills on the Direct Taxes Code (DTC) and the Goods and Services Tax (GST) by August 26, 2010
7. Price of ethanol fixed at Rs 27 a litre for blending
8. IRDA may cap fee on basic policies; traditional policies to face the heat
9. Government bond prices dropped on heavy selling pressure from banks / corporates and call rates also finished lower at 5.65%
10. Fixed Deposit rates all set to raise; Investors can wait a while before they put in their money
11. China may outperform India in H2FY2010: Merrill Lynch
Indian Markets
12. Nifty has been range bound for a long time; support seen @ 5345, resistance @ 5450 - 5500 Nifty Chart
13. FIIs & DIIs: FIIs remained net buyers to the extent of Rs. 5752.4 Cr (Month to date); DIIs sold Rs. 1262.5 Cr (Month to date)
14. India gold demand stays weak as prices hit 6-wk high; demand likely to pick up as festive season begins
Sectors
15. Cement firms July 2010 growth lowest since 2001; dispatch growth further slipped to 1.63%
16. AMJ 10 quarter results showed relative slowdown; Sales, margins, profit lose some momentum, as earlier stimulus effects lessened
Stocks
17. Vedanta readies financing for acquisition of Cairn; Plans to fund the deal through debt, Sesa Goa’s cash reserve Cairn Chart
18. Yes Bank raises Rs 665 crore from bond issues Yes Bank Chart
19. Sterlites Niyamgiri mining project illegal Sterlite Industries Chart
Quotes
20. "Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well." - Warren Buffett
August 10, 2010
T20_09AUG2010
Global Markets
1. Trades above moving averages in a range bound manner with an upward bias S&P Chart
2. Federal Reserve to consider, and perhaps even adopt, additional measures to prop up a softening US economic recovery.
3. Oil makes a U-turn a notch below $84 levels; approaches $80 levels Oil Chart
4. Dollar stays close to crucial levels of $80 Dollar Chart
5. Gold makes a smart uptick, takes support @ 50EMA. Gold Chart
Economy
6. Tax code bill to retain most draft proposals, except in a few contentious areas such as taxation of special economic zones (SEZs), capital gains and unit-linked insurance plans (ULIPs).
7. India’s defence industry is poised at a landmark: 3 private & 1 public company will submit bids to develop a high-tech weapon system for the defence forces.
8. Projected inflation to fall to 6% by the end of this year, while most policy makers pegged it at 6%-6.5% by this financial year-end.
9. Oil spill shuts India's busiest port - Jawaharlal Nehru Port, threatens other coasts.
10. India's industrial output is expected to rise 8.4% in Jun ‘10 from a year earlier, with growth slowing after 8 months of double-digit increases.
11. Govt dilutes 25% to 10% public float norms for state-owned enterprises.
Indian Markets
12. Nifty continues to trade above 5450, a key support level – euphoria builds Nifty Chart
13. Clearly FIIs are driving this uptrend: FIIs remained net buyers to the extent of Rs. 3279.5 Cr (Month to date); DIIs sold Rs. 630 Cr (Month to date)
14. Gold traders trickled in as prices eased a tad below the $1,200 an ounce-mark; a weaker rupee, which makes the dollar-quoted asset expensive, weighed on sentiment.
Sectors
15. Auto sales at record 1,237,461 units in July, 2010.
16. Lending rates may go up from Oct ’10: Banks are likely to start raising lending rates at the end of Sep ’10 as they review their base rates.
Stocks
17. Telecom VAS provider One97 Comm Ltd plans to raise Rs 120 cr through an IPO by Sep ‘10, for expansion.
18. Glenmark settles patent dispute with Sepracor. Glenmark Chart
19. Govt. ties up with TATA Motors ahead of Common Wealth Games. TATA Motors Chart
Quotes
20. "Individuals who cannot master their emotions are ill-suited to profit from the investment process." - Benjamin Graham
1. Trades above moving averages in a range bound manner with an upward bias S&P Chart
2. Federal Reserve to consider, and perhaps even adopt, additional measures to prop up a softening US economic recovery.
3. Oil makes a U-turn a notch below $84 levels; approaches $80 levels Oil Chart
4. Dollar stays close to crucial levels of $80 Dollar Chart
5. Gold makes a smart uptick, takes support @ 50EMA. Gold Chart
Economy
6. Tax code bill to retain most draft proposals, except in a few contentious areas such as taxation of special economic zones (SEZs), capital gains and unit-linked insurance plans (ULIPs).
7. India’s defence industry is poised at a landmark: 3 private & 1 public company will submit bids to develop a high-tech weapon system for the defence forces.
8. Projected inflation to fall to 6% by the end of this year, while most policy makers pegged it at 6%-6.5% by this financial year-end.
9. Oil spill shuts India's busiest port - Jawaharlal Nehru Port, threatens other coasts.
10. India's industrial output is expected to rise 8.4% in Jun ‘10 from a year earlier, with growth slowing after 8 months of double-digit increases.
11. Govt dilutes 25% to 10% public float norms for state-owned enterprises.
Indian Markets
12. Nifty continues to trade above 5450, a key support level – euphoria builds Nifty Chart
13. Clearly FIIs are driving this uptrend: FIIs remained net buyers to the extent of Rs. 3279.5 Cr (Month to date); DIIs sold Rs. 630 Cr (Month to date)
14. Gold traders trickled in as prices eased a tad below the $1,200 an ounce-mark; a weaker rupee, which makes the dollar-quoted asset expensive, weighed on sentiment.
Sectors
15. Auto sales at record 1,237,461 units in July, 2010.
16. Lending rates may go up from Oct ’10: Banks are likely to start raising lending rates at the end of Sep ’10 as they review their base rates.
Stocks
17. Telecom VAS provider One97 Comm Ltd plans to raise Rs 120 cr through an IPO by Sep ‘10, for expansion.
18. Glenmark settles patent dispute with Sepracor. Glenmark Chart
19. Govt. ties up with TATA Motors ahead of Common Wealth Games. TATA Motors Chart
Quotes
20. "Individuals who cannot master their emotions are ill-suited to profit from the investment process." - Benjamin Graham
August 03, 2010
T20AUG02
Global Markets
1. Energy & Financials uplift market spirits; makes a jump above all moving averages S&P Chart
2. Oil crosses above $80 levels first time since May on the background of strong economy Oil Chart
3. Dollar clearly on a downtrend; no signs of turnaround yet, it is at crucial levels @ $80 Dollar Chart
4. Gold back on track, holding on to 100EMA Gold Chart
Economy
5. Export of goods from the country in Jun ‘10 jumped by 30.4% at $17.75 billion compared to $13.60 billion
6. SEBI may not accept the recommendation to raise the minimum net worth of asset management companies (AMCs) to Rs 50 crore
7. Liquidity is back on deficit mode: Call money rate past 6%; 10-year yield touches 3-month high
8. Pvt. Insurance cos., continue to clock profits, despite brewing ULIP controversy Q1 profit/loss of life insurers (Rs cr)
9. RBI to allow trading in currency options on spot US dollar-rupee on stock exchanges
10. Forex reserves up by $1.04 bn to $283 bn
Indian Markets
11. India Inc. posts good results and Nifty remains range bound with an upward tilt Nifty Chart
12. Clearly FIIs are driving this uptrend: FIIs remained net buyers to the extent of Rs. 17120 Cr (Month ending Jul ‘10); DIIs sold Rs. 4405 Cr (Month ending Jul ‘10)
13. Draft norms on health insurance policies and IPO norms for general insurance soon: IRDA
14. Basel III and the new financial order will come up for further discussion in Nov’10 when the G-20 meets
15. Shriram Group plans to buy Citi Financial: Group said it had begun the due diligence and expected to conclude the deal in a week
Sectors
16. Core sector grows 3.4% in June, coal biggest drag
17. Bankers see no immediate impact on auto & home loans, post the RBI rate hike
Stocks
18. L&T bags INR 6.5bn ($139mn) power plant order from Jaiprakash Group L&T
19. Yes Bank plans to raise INR 4.5-5bn($98-106mn) to fund its biz growth YES Bank
Quotes
20. “Fear is the foe of the faddist, but the friend of the fundamentalist” - Warren Buffett
1. Energy & Financials uplift market spirits; makes a jump above all moving averages S&P Chart
2. Oil crosses above $80 levels first time since May on the background of strong economy Oil Chart
3. Dollar clearly on a downtrend; no signs of turnaround yet, it is at crucial levels @ $80 Dollar Chart
4. Gold back on track, holding on to 100EMA Gold Chart
Economy
5. Export of goods from the country in Jun ‘10 jumped by 30.4% at $17.75 billion compared to $13.60 billion
6. SEBI may not accept the recommendation to raise the minimum net worth of asset management companies (AMCs) to Rs 50 crore
7. Liquidity is back on deficit mode: Call money rate past 6%; 10-year yield touches 3-month high
8. Pvt. Insurance cos., continue to clock profits, despite brewing ULIP controversy Q1 profit/loss of life insurers (Rs cr)
9. RBI to allow trading in currency options on spot US dollar-rupee on stock exchanges
10. Forex reserves up by $1.04 bn to $283 bn
Indian Markets
11. India Inc. posts good results and Nifty remains range bound with an upward tilt Nifty Chart
12. Clearly FIIs are driving this uptrend: FIIs remained net buyers to the extent of Rs. 17120 Cr (Month ending Jul ‘10); DIIs sold Rs. 4405 Cr (Month ending Jul ‘10)
13. Draft norms on health insurance policies and IPO norms for general insurance soon: IRDA
14. Basel III and the new financial order will come up for further discussion in Nov’10 when the G-20 meets
15. Shriram Group plans to buy Citi Financial: Group said it had begun the due diligence and expected to conclude the deal in a week
Sectors
16. Core sector grows 3.4% in June, coal biggest drag
17. Bankers see no immediate impact on auto & home loans, post the RBI rate hike
Stocks
18. L&T bags INR 6.5bn ($139mn) power plant order from Jaiprakash Group L&T
19. Yes Bank plans to raise INR 4.5-5bn($98-106mn) to fund its biz growth YES Bank
Quotes
20. “Fear is the foe of the faddist, but the friend of the fundamentalist” - Warren Buffett
July 27, 2010
T20_26JUL2010
Global Markets
1. US regains ground, after a brief disturbance S&P Chart
2. Oil continues to remain choppy with an upward bias Oil Chart
3. Dollar holding onto 200EMA; a key support level Dollar Chart
4. Gold dips as equities rise on economic optimism. Gold Chart
Economy
5. Moody's upgrades India's sovereign currency rating citing economy’s resilience.
6. RBI raised the repo rate by 25 basis points (bps) to 5. 75%; reverse repo rate has been hiked by a slightly higher-than-expected 50 bps to 4.5%; CRR left unchanged.
7. Indian economy is projected to grow at 8.5% in 2010-11 and by 9% in 2011-12.
8. India continues to beat global indices; it happened then, it’s happening again… Global indices
9. Govt. moves bill to let insurers sell ULIPs without SEBI nod.
10. States want Central sales tax to continue with GST.
11. Equities on a high – US housing data improving; Euro peaks on European banks passing stress tests.
Indian Markets
12. Nifty on a smart uptrend as decent corporate results trickle inNifty Chart
13. Clearly FIIs are driving this uptrend: FIIs remained net buyers to the extent of Rs. 10435 Cr (Month to date); DIIs sold Rs. 2417 Cr (Month to date)
14. Monsoon 9% below normal; continues commodity woes.
15. No MAT for cos without local base.
16. Rising realty may add to inflation pressure; RBI credit to housing up 9.6%.
Sectors
17. India plans Rs50,000 cr power sector debt fund.
18. Buoyancy is back, says CII’s survey on SMEs.
Stocks
19. Dabur acquires Turkish personal care firm Hobi Kozemtik group for $69mn Dabur Chart
20. Ultratech gets nod for Samruddhi merger. Ultratech Chart
Quotes
21. "Those who have knowledge don't predict. Those who predict don't have knowledge." - Lao Tzu
1. US regains ground, after a brief disturbance S&P Chart
2. Oil continues to remain choppy with an upward bias Oil Chart
3. Dollar holding onto 200EMA; a key support level Dollar Chart
4. Gold dips as equities rise on economic optimism. Gold Chart
Economy
5. Moody's upgrades India's sovereign currency rating citing economy’s resilience.
6. RBI raised the repo rate by 25 basis points (bps) to 5. 75%; reverse repo rate has been hiked by a slightly higher-than-expected 50 bps to 4.5%; CRR left unchanged.
7. Indian economy is projected to grow at 8.5% in 2010-11 and by 9% in 2011-12.
8. India continues to beat global indices; it happened then, it’s happening again… Global indices
9. Govt. moves bill to let insurers sell ULIPs without SEBI nod.
10. States want Central sales tax to continue with GST.
11. Equities on a high – US housing data improving; Euro peaks on European banks passing stress tests.
Indian Markets
12. Nifty on a smart uptrend as decent corporate results trickle inNifty Chart
13. Clearly FIIs are driving this uptrend: FIIs remained net buyers to the extent of Rs. 10435 Cr (Month to date); DIIs sold Rs. 2417 Cr (Month to date)
14. Monsoon 9% below normal; continues commodity woes.
15. No MAT for cos without local base.
16. Rising realty may add to inflation pressure; RBI credit to housing up 9.6%.
Sectors
17. India plans Rs50,000 cr power sector debt fund.
18. Buoyancy is back, says CII’s survey on SMEs.
Stocks
19. Dabur acquires Turkish personal care firm Hobi Kozemtik group for $69mn Dabur Chart
20. Ultratech gets nod for Samruddhi merger. Ultratech Chart
Quotes
21. "Those who have knowledge don't predict. Those who predict don't have knowledge." - Lao Tzu
July 19, 2010
T20_19JUL2010
Global Markets
1. Weak economic data from the US plays spoil sport S&P Chart
2. Oil gets really choppy; moving averages huddle up close Oil Chart
3. Dollar approaches 200EMA; a key support level – will it hold on? Dollar Chart
4. Gold’s continues to consolidate with a negative bias. Gold Chart
Economy
5. Rupee is only the 5th currency to get a symbol – What do you think of it?.
6. FIIs return to Street in style, inflow nears Rs 40K-cr-mark.
7. PE investments likely to top $17bn in 2010 as per survey by consulting firm Bain & Co.
8. SEBI panel’s report on M&As likely to make taking over a listed company a more onerous task: Recommends increasing the open offer size from 20% to as high as 100%.
9. IRDA moots cancelling license of agents: If 50% of the policies sold are not renewed annually, agent runs the risk of cancellation of license.
10. Govt to spend Rs 20,000 cr more on e-Gov projects: this could boost the order book of IT companies.
Indian Markets
11. Nifty after a smart uptick, consolidates – which way will it head from here?Nifty Chart
12. FIIs and DIIs still share different perspectives: FIIs remained net buyers to the extent of Rs. 7185 Cr (Month to date); DIIs sold Rs. 1260 Cr (Month to date).
13. Market to have pre-open session on a pilot basis:Trade orders will be collected and matched to reach an equilibrium price during this 15-minute period.
14. Stock Exchanges get a free hand to decide on F&O physical settlement.
15. Nifty trades on US bourses: Chicago Mercantile Exchange (CME) introduces two new contracts — E-mini and E-micro S&P CNX Nifty Futures — designed to access the Indian market opportunities.
Sectors
16. Automobile industry capacity surpass 3 million mark:Passenger vehicle manufacturing increase 27% since last year and sale of car increased 28% over previous year.
17. Railways revenues up 7% in June 2010Touched US$ 1.03 bn in June 2010, an increase of 6.99% from the corresponding month in 2009.
Stocks
18. UAE-based Emirates Telecommunications (Etisalat) is close to buying a 26% stake in RCom. Reliance Communication Chart
19. Vardhaman Textiles to spin off steel biz. Vardhaman Textiles Chart
Quotes
20. "Bull markets go to people's heads. If you're a duck on a pond, and it's rising due to a downpour, you start going up in the world. But you think it's you, not the pond." - Charlie Munger
1. Weak economic data from the US plays spoil sport S&P Chart
2. Oil gets really choppy; moving averages huddle up close Oil Chart
3. Dollar approaches 200EMA; a key support level – will it hold on? Dollar Chart
4. Gold’s continues to consolidate with a negative bias. Gold Chart
Economy
5. Rupee is only the 5th currency to get a symbol – What do you think of it?.
6. FIIs return to Street in style, inflow nears Rs 40K-cr-mark.
7. PE investments likely to top $17bn in 2010 as per survey by consulting firm Bain & Co.
8. SEBI panel’s report on M&As likely to make taking over a listed company a more onerous task: Recommends increasing the open offer size from 20% to as high as 100%.
9. IRDA moots cancelling license of agents: If 50% of the policies sold are not renewed annually, agent runs the risk of cancellation of license.
10. Govt to spend Rs 20,000 cr more on e-Gov projects: this could boost the order book of IT companies.
Indian Markets
11. Nifty after a smart uptick, consolidates – which way will it head from here?Nifty Chart
12. FIIs and DIIs still share different perspectives: FIIs remained net buyers to the extent of Rs. 7185 Cr (Month to date); DIIs sold Rs. 1260 Cr (Month to date).
13. Market to have pre-open session on a pilot basis:Trade orders will be collected and matched to reach an equilibrium price during this 15-minute period.
14. Stock Exchanges get a free hand to decide on F&O physical settlement.
15. Nifty trades on US bourses: Chicago Mercantile Exchange (CME) introduces two new contracts — E-mini and E-micro S&P CNX Nifty Futures — designed to access the Indian market opportunities.
Sectors
16. Automobile industry capacity surpass 3 million mark:Passenger vehicle manufacturing increase 27% since last year and sale of car increased 28% over previous year.
17. Railways revenues up 7% in June 2010Touched US$ 1.03 bn in June 2010, an increase of 6.99% from the corresponding month in 2009.
Stocks
18. UAE-based Emirates Telecommunications (Etisalat) is close to buying a 26% stake in RCom. Reliance Communication Chart
19. Vardhaman Textiles to spin off steel biz. Vardhaman Textiles Chart
Quotes
20. "Bull markets go to people's heads. If you're a duck on a pond, and it's rising due to a downpour, you start going up in the world. But you think it's you, not the pond." - Charlie Munger
July 14, 2010
T20_14JUL2010
Global Markets
1. S&P 500 high on earnings season; trades nervously @ 50EMA S&P Chart
2. Oil makes a sharp uptrend; trades at crucial levels Oil Chart
3. Dollar cuts below 50DMA; trading between moving averages Dollar Chart
4. Gold’s consolidating @ 50EMA levels Gold Chart
Economy
5. Inflation, FM says, will moderate after the summer harvest: fiscal deficit to moderate around 5.5% for the year ending Mar ‘10 to be achieved.
6. Recent fuel price hike drove India's annual food inflation further up to 10.55%, from 10.16% in May ‘10.
7. Index of Industrial Production (IIP) for the month of May ‘10 rose at 11.5% against expectations of 16%:
8. Rupee strengthens as global risk taking rises: Interest rates seem favorable in India, this being key for higher capital flows into India.
9. Insured may have to part-pay medical bills: this comes in the backdrop of the recent stand-off between insurance companies and hospitals over inflated bills.
10. G-20 to finalise new tool to combat financial crisis when it meets in Nov ’10: IMF is in the process of finalizing a new tool that would provide insurance to countries during a crisis.
Indian Markets
11. Nifty on an uptrend, Q1 results could determine the direction of marketNifty Chart
12. FIIs and DIIs share different perspectives: FIIs remained net buyers to the extent of Rs. 4619 Cr (Month to date); DIIs sold Rs. 85 Cr (Month to date).
13. RBI objects to joint committee in ordinance on ULIPs.
14. SEBI against arbiter role for apex financial body: wants FSDC to stick to financial stability issues.
15. India gold buying stays weak on high prices: host of Hindu festivals lined up this month which could drive the demand upwards.
Sectors
16. FMCG Q1 sales to be volume-driven, margins crimped.
17. Auto sales and profit growth in June quarter may show less rise.
Stocks
18. L&T bags rig refurbishment order from ONGC. L&T Chart
19. Infy Q1 results disappoint: net income fell 2.4% from prev. year, due to higher tax charge and lower billing rates Infosys Technologies Chart
Quotes
20. "The real discipline comes in saying no to the wrong opportunities – Peter Drucker"
1. S&P 500 high on earnings season; trades nervously @ 50EMA S&P Chart
2. Oil makes a sharp uptrend; trades at crucial levels Oil Chart
3. Dollar cuts below 50DMA; trading between moving averages Dollar Chart
4. Gold’s consolidating @ 50EMA levels Gold Chart
Economy
5. Inflation, FM says, will moderate after the summer harvest: fiscal deficit to moderate around 5.5% for the year ending Mar ‘10 to be achieved.
6. Recent fuel price hike drove India's annual food inflation further up to 10.55%, from 10.16% in May ‘10.
7. Index of Industrial Production (IIP) for the month of May ‘10 rose at 11.5% against expectations of 16%:
8. Rupee strengthens as global risk taking rises: Interest rates seem favorable in India, this being key for higher capital flows into India.
9. Insured may have to part-pay medical bills: this comes in the backdrop of the recent stand-off between insurance companies and hospitals over inflated bills.
10. G-20 to finalise new tool to combat financial crisis when it meets in Nov ’10: IMF is in the process of finalizing a new tool that would provide insurance to countries during a crisis.
Indian Markets
11. Nifty on an uptrend, Q1 results could determine the direction of marketNifty Chart
12. FIIs and DIIs share different perspectives: FIIs remained net buyers to the extent of Rs. 4619 Cr (Month to date); DIIs sold Rs. 85 Cr (Month to date).
13. RBI objects to joint committee in ordinance on ULIPs.
14. SEBI against arbiter role for apex financial body: wants FSDC to stick to financial stability issues.
15. India gold buying stays weak on high prices: host of Hindu festivals lined up this month which could drive the demand upwards.
Sectors
16. FMCG Q1 sales to be volume-driven, margins crimped.
17. Auto sales and profit growth in June quarter may show less rise.
Stocks
18. L&T bags rig refurbishment order from ONGC. L&T Chart
19. Infy Q1 results disappoint: net income fell 2.4% from prev. year, due to higher tax charge and lower billing rates Infosys Technologies Chart
Quotes
20. "The real discipline comes in saying no to the wrong opportunities – Peter Drucker"
July 12, 2010
T20_07JUL2010
Global Markets
1. S&P 500 is making a turnaround, will positive global cues sustain? S&P Chart
2. Oil on consolidation mode, with a downward bias Oil Chart
3. Dollar cuts below 50DMA, consolidates just below $85 levels Dollar Chart
4. Gold’s dreamrun took a breather, is holding on to 50DMA, will it take support? Gold Chart
Economy
5. Monsoon revival gives a boost to fertiliser stocks: impetus to food-related sectors seen.
6. Govt opens debate on FDI in multi-brand retail: releases discussion paper for stakeholder's response.
7. New ULIP norms: LIC seeks not to tinker with agents commission, 90% of Corporation's biz comes from 1.45mn agents.
8. Home loan firms may see new lending rate norms: NHB to start exercise for a smooth transition.
9. Central bank hiked repo and reverse repo rates by 0.25% each: to 5.5% and 4% respectively.
Indian Markets
10. Nifty trading between a range, breakout awaitedNifty Chart
11. FIIs and DIIs share bullishness: FIIs remained net sellers to the extent of Rs. 448.3 Cr (Month to date). DIIs sold Rs. 122 Cr (Month to date).
12. Home loan firms may see new lending rate norms: NHB to start exercise for a smooth transition.
Sectors
13. Telecom dept to examine Pitroda panel's report on BSNL: Decision on BSNL IPO to be made soon.
14. Oil price deregulation: Auto, transportation sectors could bear the burnt, says analysts; upmove will affect India Inc with a lag of 3 months.
15. Power utilities get a 'green' shock: Regulator makes it mandatory for power cos to buy 6% renewable energy.
16. H1CY2010 total PE investments touched $4,571 million across 138 deals (excluding real estate): 3 fold increase over same period in the last calendar year.
17. Rate hike to ease base rate implementation: short-term rates have gone up, thus lending below the base rate, which is in the range of 7-8.25 per cent for most banks is ruled out.
Stocks
18. LIC hikes stake in Bharti Airtel to 5%; acquiring shares worth INR 131mn. Bharti Airtel Chart
19. RNRL-R Power merger to align the power and gas businesses of ADAG; 4:1 merger ratio declared Reliance Power Chart
Quotes
20. "Derivatives are financial weapons of mass destruction - Warren Buffett."
1. S&P 500 is making a turnaround, will positive global cues sustain? S&P Chart
2. Oil on consolidation mode, with a downward bias Oil Chart
3. Dollar cuts below 50DMA, consolidates just below $85 levels Dollar Chart
4. Gold’s dreamrun took a breather, is holding on to 50DMA, will it take support? Gold Chart
Economy
5. Monsoon revival gives a boost to fertiliser stocks: impetus to food-related sectors seen.
6. Govt opens debate on FDI in multi-brand retail: releases discussion paper for stakeholder's response.
7. New ULIP norms: LIC seeks not to tinker with agents commission, 90% of Corporation's biz comes from 1.45mn agents.
8. Home loan firms may see new lending rate norms: NHB to start exercise for a smooth transition.
9. Central bank hiked repo and reverse repo rates by 0.25% each: to 5.5% and 4% respectively.
Indian Markets
10. Nifty trading between a range, breakout awaitedNifty Chart
11. FIIs and DIIs share bullishness: FIIs remained net sellers to the extent of Rs. 448.3 Cr (Month to date). DIIs sold Rs. 122 Cr (Month to date).
12. Home loan firms may see new lending rate norms: NHB to start exercise for a smooth transition.
Sectors
13. Telecom dept to examine Pitroda panel's report on BSNL: Decision on BSNL IPO to be made soon.
14. Oil price deregulation: Auto, transportation sectors could bear the burnt, says analysts; upmove will affect India Inc with a lag of 3 months.
15. Power utilities get a 'green' shock: Regulator makes it mandatory for power cos to buy 6% renewable energy.
16. H1CY2010 total PE investments touched $4,571 million across 138 deals (excluding real estate): 3 fold increase over same period in the last calendar year.
17. Rate hike to ease base rate implementation: short-term rates have gone up, thus lending below the base rate, which is in the range of 7-8.25 per cent for most banks is ruled out.
Stocks
18. LIC hikes stake in Bharti Airtel to 5%; acquiring shares worth INR 131mn. Bharti Airtel Chart
19. RNRL-R Power merger to align the power and gas businesses of ADAG; 4:1 merger ratio declared Reliance Power Chart
Quotes
20. "Derivatives are financial weapons of mass destruction - Warren Buffett."
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