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
August 03, 2010
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."
June 30, 2010
T20_30JUN2010
Global Markets
1. S&P 500 indicates bearish signals; is there a further downside? S&P Chart
2. Oil on consolidation mode, with a downward bias Oil Chart
3. Dollar continues to trade above 50EMA Dollar Chart
4. Gold maintains a slight upward tilt; with equities turning bearish, will it be another dream run? Gold Chart
Economy
5. Fuel price hike to increase inflationary woes: Domestic LPG prices were hiked by Rs. 35/cylinder and kerosene rates went up by Rs. 3/litre, petrol prices were decontrolled and diesel prices were hiked by Rs. 2/litre.
6. Rate hike likely in RBI Quarterly monetary review: Expectations rife that the rate hike is likely, ahead of which banks fix their base rate.
7. Dividend payout for 2009-10 at all-time high: No sizeable capital expansion plans, corporate India decided to be generous for financial year 2010, with its biggest-ever dividend distribution to shareholders.
8. Deflation bigger risk than inflation, PM tells G-20: Need to avoid premature withdrawal of stimulus
Indian Markets
9. Nifty falters around 5300 levels Nifty Chart
10. FIIs and DIIs share bullishness: FIIs remained net buyers to the extent of Rs. 9883.9 Cr (Month to date); DIIs bought Rs. 341.5 Cr (Month to date).
11. IRDA unsettles ULIPs: Makeover still on, wants to make ULIPs more investor friendly.
Sectors
12. Cement prices may fall 10% on lower demand.
13. Banks decide to set base rate: base rate is at 7.5%.
14. Auto makers, vendors at odds over supply issues: After an uptick, there is something to worry about.
15. RBI to launch house start index to gauge realty sector.
16. Core sector industries grow 5% in May,2010: This being an indication that IIP numbers could be strong, however, this was marginally short of 5.4% growth in April, 2010.
Stocks
17. Essar Steel International BV acquired Servosteel (Oakside Solutions), the largest independent steel processor in the UK.
18. Renuka Sugars to pay 25% less for Brazilian co Equipav SA buyout. Renuka Sugar Chart
19. NTPC to float fresh tender for boilers NTPC Chart
Quotes
20. "The really big money tends to be made by investors who are right on qualitative decisions but, at least in my opinion, the more sure money tends to be made on the obvious quantitative decisions." - Warren Buffett
1. S&P 500 indicates bearish signals; is there a further downside? S&P Chart
2. Oil on consolidation mode, with a downward bias Oil Chart
3. Dollar continues to trade above 50EMA Dollar Chart
4. Gold maintains a slight upward tilt; with equities turning bearish, will it be another dream run? Gold Chart
Economy
5. Fuel price hike to increase inflationary woes: Domestic LPG prices were hiked by Rs. 35/cylinder and kerosene rates went up by Rs. 3/litre, petrol prices were decontrolled and diesel prices were hiked by Rs. 2/litre.
6. Rate hike likely in RBI Quarterly monetary review: Expectations rife that the rate hike is likely, ahead of which banks fix their base rate.
7. Dividend payout for 2009-10 at all-time high: No sizeable capital expansion plans, corporate India decided to be generous for financial year 2010, with its biggest-ever dividend distribution to shareholders.
8. Deflation bigger risk than inflation, PM tells G-20: Need to avoid premature withdrawal of stimulus
Indian Markets
9. Nifty falters around 5300 levels Nifty Chart
10. FIIs and DIIs share bullishness: FIIs remained net buyers to the extent of Rs. 9883.9 Cr (Month to date); DIIs bought Rs. 341.5 Cr (Month to date).
11. IRDA unsettles ULIPs: Makeover still on, wants to make ULIPs more investor friendly.
Sectors
12. Cement prices may fall 10% on lower demand.
13. Banks decide to set base rate: base rate is at 7.5%.
14. Auto makers, vendors at odds over supply issues: After an uptick, there is something to worry about.
15. RBI to launch house start index to gauge realty sector.
16. Core sector industries grow 5% in May,2010: This being an indication that IIP numbers could be strong, however, this was marginally short of 5.4% growth in April, 2010.
Stocks
17. Essar Steel International BV acquired Servosteel (Oakside Solutions), the largest independent steel processor in the UK.
18. Renuka Sugars to pay 25% less for Brazilian co Equipav SA buyout. Renuka Sugar Chart
19. NTPC to float fresh tender for boilers NTPC Chart
Quotes
20. "The really big money tends to be made by investors who are right on qualitative decisions but, at least in my opinion, the more sure money tends to be made on the obvious quantitative decisions." - Warren Buffett
June 24, 2010
T20_24JUN2010
Global Markets
1. S&P 500 breaks down as fresh housing market worries retraces S&P Chart
2. Oil fell sharply due to unexpected jump in supply Oil Chart
3. Dollar takes support @ 50EMA; dollar tending towards stability Dollar Chart
4. Gold takes a breather to consolidate after a sparkling upward trend Gold Chart
Economy
5. Inflationary concerns fail to cool down: India's food price index rose 16.90% in the year to June 12, higher than the previous week's annual reading of 16.12%.
6. Monsoon rains 11% below normal: Trillion-dollar economy's farm output and economic growth, were 11.1% below normal for June 1-23, 2010.
7. FDI opening in retail, defence: India’s efforts to attract investments from the US was aimed at realizing the hope for double-digit economic growth by 2012.
Indian Markets
8. Nifty continues to stay bullish Nifty Chart
9. FIIs and DIIs share bullishness: FIIs remained net buyers to the extent of Rs. 7679 Cr (Month to date); DIIs bought Rs. 311 Cr (Month to date).
10. ULIP row ends; court rules in favor of IRDA.
11. New tax code: Brings a blow on ULIPs / Insurance and capital gains tax; long term investments like PPF, pension plans etc., spared.
Sectors
12. Service tax waived on power supply: Government has decided to exempt distribution of electricity, services provided within ports and airports.
13. Consumer durable industry witnesses 30% growth: Increase in summer sales which further lead to highest growth of 50% in sales of refrigerators and air conditioners.
14. Big pharma cuts R&D jobs as generics loom: Strict regulation and tight healthcare budgets force pharma majors to shift focus to acquiring cos and drug rights.
15. New accounting norms may make stock options a thing of the past: Cos may rework pay packages to include higher cash component, staggered bonus.
16. Banks step up efforts to strengthen tier -I capital: Not keen on perpetual debt route due to high cost of issuance.
Stocks
17. RCom looks to selling 26% stake in Globalcom: sale in optical fibre network after Infratel demerger Rcom Chart
18. Mukesh Ambani plans healthcare foray, sets eyes on 26% stake in Fortis: Greenfield route not ruled out; Reliance Life Sciences to continue as separate biz.
19. Govt plans to divest 10% in Neyveli Lignite; move to help mobilise INR 24bn Neyveli Lignite Chart
Quotes
20. You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA
1. S&P 500 breaks down as fresh housing market worries retraces S&P Chart
2. Oil fell sharply due to unexpected jump in supply Oil Chart
3. Dollar takes support @ 50EMA; dollar tending towards stability Dollar Chart
4. Gold takes a breather to consolidate after a sparkling upward trend Gold Chart
Economy
5. Inflationary concerns fail to cool down: India's food price index rose 16.90% in the year to June 12, higher than the previous week's annual reading of 16.12%.
6. Monsoon rains 11% below normal: Trillion-dollar economy's farm output and economic growth, were 11.1% below normal for June 1-23, 2010.
7. FDI opening in retail, defence: India’s efforts to attract investments from the US was aimed at realizing the hope for double-digit economic growth by 2012.
Indian Markets
8. Nifty continues to stay bullish Nifty Chart
9. FIIs and DIIs share bullishness: FIIs remained net buyers to the extent of Rs. 7679 Cr (Month to date); DIIs bought Rs. 311 Cr (Month to date).
10. ULIP row ends; court rules in favor of IRDA.
11. New tax code: Brings a blow on ULIPs / Insurance and capital gains tax; long term investments like PPF, pension plans etc., spared.
Sectors
12. Service tax waived on power supply: Government has decided to exempt distribution of electricity, services provided within ports and airports.
13. Consumer durable industry witnesses 30% growth: Increase in summer sales which further lead to highest growth of 50% in sales of refrigerators and air conditioners.
14. Big pharma cuts R&D jobs as generics loom: Strict regulation and tight healthcare budgets force pharma majors to shift focus to acquiring cos and drug rights.
15. New accounting norms may make stock options a thing of the past: Cos may rework pay packages to include higher cash component, staggered bonus.
16. Banks step up efforts to strengthen tier -I capital: Not keen on perpetual debt route due to high cost of issuance.
Stocks
17. RCom looks to selling 26% stake in Globalcom: sale in optical fibre network after Infratel demerger Rcom Chart
18. Mukesh Ambani plans healthcare foray, sets eyes on 26% stake in Fortis: Greenfield route not ruled out; Reliance Life Sciences to continue as separate biz.
19. Govt plans to divest 10% in Neyveli Lignite; move to help mobilise INR 24bn Neyveli Lignite Chart
Quotes
20. You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA
June 17, 2010
T20 16 Jun 2010
Global Markets
1. S&P 500 retraces above 200EMA – will the bullishness sustain? S&P Chart
2. Oil on a smart uptrend, tests 100EMA – is comfortably positioned above $75 Oil Chart
3. Dollar snaps uptrend, may retrace to fair valuations Dollar Chart
4. Gold continues it’s upward spree as the safe haven amidst much turmoil Gold Chart
Economy
5. Food inflation inches higher: rate hike imminent: Food inflation @ 16.74% against 16.55% in the previous week. WPI enters double digit, touches 10.16% in May v/s 9.59% in April.
6. Corporate Advance tax payments soar: Companies like RIL, TCS or the Tata Consultancy services, Bajaj auto and HPCL have deposited advance tax which is over 100% QoQ growth.
7. Revised Direct Tax Code: Tax exemption to pension and provident fund withdrawals and computing the Minimum Alternate Tax on profits retained.
Indian Markets
8. Nifty continues an unperturbed uptrend Nifty Chart
9. FIIs and DIIs have different perspectives: FIIs remained net buyers to the extent of Rs. 2051.8 Cr (Month to date); DIIs bought Rs. 888.2 Cr (Month to date)
Sectors
10. Large banks to announce base rate: Companies may have to pay more under base rate system, opinion divided, but other sources of finance may also become dearer.
11. Government approved infusing Rs 6,211 crore into five public sector banks: A move which will help in lending an additional Rs 77,637 crore to various sectors of the economy.
12. Auto continues to be on a high: Indian automobile industry posted its best performance in May with a 30% growth in car sales.
13. Govt approves RS 4 per kg rise in levy sugar price.
14. FDI lock-in for hotel & tourism projects to go: Proposal aims to boost room supply, support tourism industry.
Stocks
15. RCom plans to hive off tower arm. Rcom Chart
16. ONGC Videsh hives off 30% stake in Colombia block. ONGC Chart
17. Fatpipe withdraws IPO despite 85% subscription
18. Abbott sues SunPharma & Ranbaxy on cholesterol drug patents Abbott Chart
19. Larsen and Toubro bags Rs 747 crore deal L&T Chart
Quotes
20. Stock market is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart - Anonymous
1. S&P 500 retraces above 200EMA – will the bullishness sustain? S&P Chart
2. Oil on a smart uptrend, tests 100EMA – is comfortably positioned above $75 Oil Chart
3. Dollar snaps uptrend, may retrace to fair valuations Dollar Chart
4. Gold continues it’s upward spree as the safe haven amidst much turmoil Gold Chart
Economy
5. Food inflation inches higher: rate hike imminent: Food inflation @ 16.74% against 16.55% in the previous week. WPI enters double digit, touches 10.16% in May v/s 9.59% in April.
6. Corporate Advance tax payments soar: Companies like RIL, TCS or the Tata Consultancy services, Bajaj auto and HPCL have deposited advance tax which is over 100% QoQ growth.
7. Revised Direct Tax Code: Tax exemption to pension and provident fund withdrawals and computing the Minimum Alternate Tax on profits retained.
Indian Markets
8. Nifty continues an unperturbed uptrend Nifty Chart
9. FIIs and DIIs have different perspectives: FIIs remained net buyers to the extent of Rs. 2051.8 Cr (Month to date); DIIs bought Rs. 888.2 Cr (Month to date)
Sectors
10. Large banks to announce base rate: Companies may have to pay more under base rate system, opinion divided, but other sources of finance may also become dearer.
11. Government approved infusing Rs 6,211 crore into five public sector banks: A move which will help in lending an additional Rs 77,637 crore to various sectors of the economy.
12. Auto continues to be on a high: Indian automobile industry posted its best performance in May with a 30% growth in car sales.
13. Govt approves RS 4 per kg rise in levy sugar price.
14. FDI lock-in for hotel & tourism projects to go: Proposal aims to boost room supply, support tourism industry.
Stocks
15. RCom plans to hive off tower arm. Rcom Chart
16. ONGC Videsh hives off 30% stake in Colombia block. ONGC Chart
17. Fatpipe withdraws IPO despite 85% subscription
18. Abbott sues SunPharma & Ranbaxy on cholesterol drug patents Abbott Chart
19. Larsen and Toubro bags Rs 747 crore deal L&T Chart
Quotes
20. Stock market is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart - Anonymous
June 04, 2010
T20 2 Jun 2010
1. S&P 500 fails to take support @ 200EMA – Oil Leaks and Euro crises still lurks to deepen the wound S&P Chart
2. Oil shows signs of recovery after it bounces from below $70 levels, but this did not last long Oil Chart
3. Dollar is on a consolidation mode after a fairly long upward spree Dollar Chart
4. Gold continues it’s upward spree as the safe haven amidst much turmoil Gold Chart
Economy
5. Food inflation rises to 16.55%: Inflation increased by 0.32% point from 16.23% in the previous week
6. GDP grew 8.6% Q4FY10: Manufacturing and mining played stellar roles; Full-year 2009-10 growth was 7.4%
7. Insurers push pension products this month: Anticipating a fall in sales of pension products after new guidelines kick in from July, life insurance companies are making a strong pitch to sell these this month
Indian Markets
8. Nifty remains buoyant with encouraging domestic numbers, despite few setbacks from global cues Nifty Chart
9. FIIs and DIIs have different perspectives: FIIs remained net sellers to the extent of Rs. 7598 Cr (for month ending May ‘10); DIIs bought Rs. 98 Cr (for month ending May ‘10)
Sectors
10. Auto in top gear: Robust demand on the back of strong economic growth and rising incomes, as reflected in the sales volumes in May ‘10, should enable the domestic auto sector to grow over 15% in 2010-11
11. Banks borrow more from RBI as liquidity remains tight: Day after the conclusion of the 3G auction process, the net borrowing by banks from the RBI under the liquidity adjustment facility (LAF) doubled to Rs 12,775 cr
12. Copper near two-week low on China concerns: Global cues have been driving most commodities southwards, Copper was deeply hit during the week
Stocks
13. Colgate rallies on open offer news Colgate Chart
14. RCOM surged on the bourses after UAE-based Etisalat was in talks to buy a 25% stake in the company RCOM Chart
15. HUL market share continues to fall as FMCG revenues recover
16. Renuka Sugars seals revised Equipav deal, for lower price: It will now be getting the 51% controlling interest by paying only $240 million or Rs 1,080 crore, 25% less than its original bid Renuka Sugars Chart
17. Hinduja Group plans $30-bn India play: Expansion plans rife over next 5 years’
18. After M&M takeover, Logan sales perk up: M&M results were impressive as it clocked Rs. 570.26 Cr of net profit (36.4% higher than previous years’ Q4)
Quotes
19. "A pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons” – Warren Buffet
2. Oil shows signs of recovery after it bounces from below $70 levels, but this did not last long Oil Chart
3. Dollar is on a consolidation mode after a fairly long upward spree Dollar Chart
4. Gold continues it’s upward spree as the safe haven amidst much turmoil Gold Chart
Economy
5. Food inflation rises to 16.55%: Inflation increased by 0.32% point from 16.23% in the previous week
6. GDP grew 8.6% Q4FY10: Manufacturing and mining played stellar roles; Full-year 2009-10 growth was 7.4%
7. Insurers push pension products this month: Anticipating a fall in sales of pension products after new guidelines kick in from July, life insurance companies are making a strong pitch to sell these this month
Indian Markets
8. Nifty remains buoyant with encouraging domestic numbers, despite few setbacks from global cues Nifty Chart
9. FIIs and DIIs have different perspectives: FIIs remained net sellers to the extent of Rs. 7598 Cr (for month ending May ‘10); DIIs bought Rs. 98 Cr (for month ending May ‘10)
Sectors
10. Auto in top gear: Robust demand on the back of strong economic growth and rising incomes, as reflected in the sales volumes in May ‘10, should enable the domestic auto sector to grow over 15% in 2010-11
11. Banks borrow more from RBI as liquidity remains tight: Day after the conclusion of the 3G auction process, the net borrowing by banks from the RBI under the liquidity adjustment facility (LAF) doubled to Rs 12,775 cr
12. Copper near two-week low on China concerns: Global cues have been driving most commodities southwards, Copper was deeply hit during the week
Stocks
13. Colgate rallies on open offer news Colgate Chart
14. RCOM surged on the bourses after UAE-based Etisalat was in talks to buy a 25% stake in the company RCOM Chart
15. HUL market share continues to fall as FMCG revenues recover
16. Renuka Sugars seals revised Equipav deal, for lower price: It will now be getting the 51% controlling interest by paying only $240 million or Rs 1,080 crore, 25% less than its original bid Renuka Sugars Chart
17. Hinduja Group plans $30-bn India play: Expansion plans rife over next 5 years’
18. After M&M takeover, Logan sales perk up: M&M results were impressive as it clocked Rs. 570.26 Cr of net profit (36.4% higher than previous years’ Q4)
Quotes
19. "A pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons” – Warren Buffet
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