SBI Deputy Managing Director Pratip Chaudhuri is likely to replace incumbent Chairman O P Bhatt when he retires in March 2011 after completing his five-year term. (BS)
SBI raised Rs5bn at 9.05% through three-month certificates of deposits. (BS)
HPCL may look at merging Prize Petroleum Company Ltd with its internal exploration and production arm HP E&P. (BS)
Lakshmi N Mittal and HPCL plan to sell a 10% stake each in the under-construction Bathinda refinery in a public offering in Q4 of 2011 to raise Rs10-15bn. (BS)
NTPC will takeover 3,000-odd acres of vacant land from Patratu Thermal Power Station (PTPS) in Jharkhand to set up 1320 mw of thermal power generation capacity at an investment of RS66bn. (ET)
BHEL has secured two breakthrough orders from Indian Railways for the development, manufacture and supply of 3-Phase IGBT-based propulsion systems for Electric Locomotives and AC Electric Multiple Units (EMUs). (ET)
Punj Lloyd secured order from Hirco Group for two commercial buildings to be completed in 24 months
Gitanjali Gems has planned a "restructured jewellery brand holding company" where it will divest 10% of equity to private equity investors, to raise US$100mn. (BS)
Gitanjali Gems has acquired 90% stake in Glantti Italia, a company based in Milan. (BS)
The Securities Appellate Tribunal (SAT) today set aside Sebi’s order on Bhushan Group companies on violation of takeover regulations in their acquisition of Orissa Sponge Iron and Steel Ltd. (BS)
Reliance Infrastructure has bagged the consultancy contract for supervisory control and data acquisition (SCADA) relating to power distribution for Patna. (BL)
IRDA gave its second stage approval to joint ventures of Religare and Union Bank for their health insurance venture and Edelweiss-Tokio for life insurance business. (ET)
Investments for expanding Taro’s research and capacity in India will be Sun Pharma’s top agenda for the upcoming year. (ET)
Mahindra & Mahindra Ltd will raise the prices of its products across all categories in January due to increase in commodity rates. (ET)
Eyeing properties overseas to meet the growing domestic demand for manganese ore, which is pegged to touch 4.5mn tons by 2012, the state-owned MOIL has invited bids from global firms to form JVs for such acquisitions. (ET)
Cipla Ltd has received fresh notices from the National Pharmaceutical Pricing Authority, demanding Rs477mn in respect of the drug Salbutamol and an amount of Rs254.6mn in respect of the drug Ciprofloxacin. (ET)
Glenmark Pharmaceuticals has received approval from the US health regulator to market and distribute generic Lithium Carbonate tablets, used for the treatment of manic depression, in the US market. (ET)
Tech Mahindra has partnered with software giant Microsoft to offer customized CRM solutions for telecom service providers. (FE)
MindTree intends to convert the wireless products business of its wholly-owned subsidiary MindTree Wireless Pvt Ltd into a design services business. (BS)
Tata Coffee Ltd has declared an interim dividend of Rs5 per share on the face value of Rs10 each for the current financial year. (FE)
Nitin Fire Protection Industries said US-based Worthington Industries, a manufacturer of pressure cylinders, has picked up 60% stake for US$21 million in its subsidiary, Nitin Cylinders (NCL) and NCL will now be a JV between Worthington and Nitin Fire. (ET)
Economy Snippets
Two months after the country’s drug price regulator reduced the maximum retail price of popular antibiotic Ciplox TZ by about 75% to Rs25 for a strip, consumers are still charged over four times by chemists. (ET)
The government has allocated five million tons of additional wheat and rice to states for sale to the poor at subsidized rates amid signs of food prices hardening again. (ET)
Railways has raised freight rate for iron ore, coal, sugar and a few other commodities by up to 4%, a move that threatens to arrest the downward trend in headline inflation. (FE)
PNGRB, the downstream regulator in the energy sector, has proposed to give gas pipeline operators freedom to compete in overlapping areas so that consumers benefit by way of lower tariff and softer gas prices. (FE)
Overseas subsidiaries of Indian NBFCs might have to drastically cut back pledging assets of their parent firms when they want to access low-cost funds from foreign markets. (FE)
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Thursday, December 30, 2010
Tuesday, December 28, 2010
NEWS
NTPC has signed a Power Purchase Agreement with the state-owned Grid Corporation of Orissa for sale of power from the central sector's proposed projects in three eastern states of Orissa, West Bengal and Bihar. (ET)
NTPC has commissioned the seventh unit of the Korba Super Thermal Power Station, with a capacity of 500mw in Chhattisgarh. (ET)
iGate is set to acquire Patni Computer Systems for US$1bn, at a price of around Rs525 per share, after it reached an understanding with its promoters on the contentious issue of a non-compete provision. (ET)
PFC and REC are hiring consultants to advise them on either setting up a bank, or buying one, to cut their cost of funds. (ET)
Maruti Suzuki is working on a small SUV to tap other growing segments in the domestic car market. (BL)
Power Grid Corporation has paid Rs1bn as compensation to farmers for land acquisition in past two years. (BS)
Divestment in Hindustan Copper, which aimed to raise Rs40bn, had been deferred and might now take place either in February or after the budget. (BS)
Bharti is looking at launching its Africa-centric DTH operations in early-to-mid 2011under the Airtel digital TV brand. (FE)
Tata Steel UK, the British unit of India's biggest producer of the alloy, borrowed US$2.9bn to refinance loans taken to buy Corus Group Plc. (FE)
Lanco Infratech to hive off its power business into a separate company with the aim of hitting the capital market with an initial public offer in 2012 for financing growth plans. (ET)
ONGC proposes to increase its stake in Pawan Hans Helicopters to 49% from 21.5% by infusing Rs960mn. (BS)
Unitech said its promoters have increased stake in the company by 1.2% to 48.6% by converting warrants worth Rs2.3bn. (BS)
Union Bank of India is expecting funds worth Rs11.5bn from the government by March 2011 to boost its tier I capital. (ET)
Union Bank of India raised base rate by 50 bps to 9%. (FE)
KEC International has bagged orders worth Rs10.2bn towards transmission lines construction and various supply and civil orders. (BS)
Fortis Healthcare has announced plans to set up stand-alone Speciality Medical Centres focused on the management of diabetes, metabolic diseases and endocrinology-related ailments. (BL)
Dishman Pharma will manufacture cardiac drug ingredients for a European multinational under a US$50mn deal. (ET)
Gujarat NRE Coke has allotted 60mn convertible warrants to promoters on a preferential basis at Rs62.5 a piece. (BS)
Economy Snippets
FICCI has asked the government to delay implementation of international accounting norms, IFRS, beyond April 2011, saying the deadline is "highly unworkable" and "unfair". (ET)
India's mobile phone market added 18.9mn new subscribers in October, taking the total number of connections to 706.7mn. (ET)
An EGoM on Food is scheduled to meet and review prices of essential commodities and also discuss imposition of import duty on sugar. (ET)
The National Housing Board has tightened lending norms governing housing finance companies. It has mandated the firms to make greater provisions for loans extended to companies and builders while limiting the amount a person can borrow against property. (ET)
FIPB to take up 38 foreign investment proposals. (FE)
The Centre is planning to increase the spending on social activities with a rise in government revenue. (FE)
The government has allowed exporters of over 100 products, including garments, silk yarn and food articles, to refix their export obligation. (FE)
The Planning Commission is reviewing the Build, Operate and Transfer (annuity) model of building roads to see why it is not finding acceptability in large sections of the government. (BS)
NTPC has commissioned the seventh unit of the Korba Super Thermal Power Station, with a capacity of 500mw in Chhattisgarh. (ET)
iGate is set to acquire Patni Computer Systems for US$1bn, at a price of around Rs525 per share, after it reached an understanding with its promoters on the contentious issue of a non-compete provision. (ET)
PFC and REC are hiring consultants to advise them on either setting up a bank, or buying one, to cut their cost of funds. (ET)
Maruti Suzuki is working on a small SUV to tap other growing segments in the domestic car market. (BL)
Power Grid Corporation has paid Rs1bn as compensation to farmers for land acquisition in past two years. (BS)
Divestment in Hindustan Copper, which aimed to raise Rs40bn, had been deferred and might now take place either in February or after the budget. (BS)
Bharti is looking at launching its Africa-centric DTH operations in early-to-mid 2011under the Airtel digital TV brand. (FE)
Tata Steel UK, the British unit of India's biggest producer of the alloy, borrowed US$2.9bn to refinance loans taken to buy Corus Group Plc. (FE)
Lanco Infratech to hive off its power business into a separate company with the aim of hitting the capital market with an initial public offer in 2012 for financing growth plans. (ET)
ONGC proposes to increase its stake in Pawan Hans Helicopters to 49% from 21.5% by infusing Rs960mn. (BS)
Unitech said its promoters have increased stake in the company by 1.2% to 48.6% by converting warrants worth Rs2.3bn. (BS)
Union Bank of India is expecting funds worth Rs11.5bn from the government by March 2011 to boost its tier I capital. (ET)
Union Bank of India raised base rate by 50 bps to 9%. (FE)
KEC International has bagged orders worth Rs10.2bn towards transmission lines construction and various supply and civil orders. (BS)
Fortis Healthcare has announced plans to set up stand-alone Speciality Medical Centres focused on the management of diabetes, metabolic diseases and endocrinology-related ailments. (BL)
Dishman Pharma will manufacture cardiac drug ingredients for a European multinational under a US$50mn deal. (ET)
Gujarat NRE Coke has allotted 60mn convertible warrants to promoters on a preferential basis at Rs62.5 a piece. (BS)
Economy Snippets
FICCI has asked the government to delay implementation of international accounting norms, IFRS, beyond April 2011, saying the deadline is "highly unworkable" and "unfair". (ET)
India's mobile phone market added 18.9mn new subscribers in October, taking the total number of connections to 706.7mn. (ET)
An EGoM on Food is scheduled to meet and review prices of essential commodities and also discuss imposition of import duty on sugar. (ET)
The National Housing Board has tightened lending norms governing housing finance companies. It has mandated the firms to make greater provisions for loans extended to companies and builders while limiting the amount a person can borrow against property. (ET)
FIPB to take up 38 foreign investment proposals. (FE)
The Centre is planning to increase the spending on social activities with a rise in government revenue. (FE)
The government has allowed exporters of over 100 products, including garments, silk yarn and food articles, to refix their export obligation. (FE)
The Planning Commission is reviewing the Build, Operate and Transfer (annuity) model of building roads to see why it is not finding acceptability in large sections of the government. (BS)
Monday, December 27, 2010
A 2 Z MAINTANENCE & ENGINNERING SERVICES
FREE MEMBERS CAN CONSIDER BUYING THE STOCK OF A 2 Z AT CURRENT LEVEL(CMP:328.00) WITH MEDIUM TERM PROSPECTIVE FOR THE TARGET OF 370.00..
OUR PREVIOUS CASH CALL ABG SHIPYARD (SEE THE POST OF 15 TH DECEMBER,2010) REACHED 416.00 SO FAR..TARGET GIVEN 430.00
OUR PREVIOUS CASH CALL ABG SHIPYARD (SEE THE POST OF 15 TH DECEMBER,2010) REACHED 416.00 SO FAR..TARGET GIVEN 430.00
Friday, December 24, 2010
NEW YEAR OFFER!
AGAIN WE ARE GIVING AN OPPERTUNITY TO ALL SMALL TRADERS...WE BRING BACK OUR SUBSCRIPTION PACKAGE WHICE IS RS/- 6000 FOR 3 MONTHS...BUT..NOW ITS RS/- 8000 FOR 1 YEAR!!...INTERESTED PEOPLE MAY CONTACT US AT 9330095704 FOR DETAILS...DONT MISS ...HURRY!!
BEFORE CALLING US READ IT CAREFULLY:--
1)ONLY GENUINE TRADERS CAN JOIN OUR SERVICE..FAKE PEOPLE OR ANY SERVICE PROVIDER NOT ALLOWED.
2)NO ONE CAN RE SELL OUR CALLS..
3)DONT ASK FOR TRIAL.FOLLOW OUR BLOG REGULARLY TO GET FREE CALLS AS TRIAL.
4)INTRADAY PLAYER CUM GAMBLER STRICTLY NOT ALLOWED TO JOIN OUR SERVICE..
5)NRI CLIENT WILL NOT BE ACCEPTED IF HE IS NOT A FULL TIME ONLINE TRADER..
BEFORE CALLING US READ IT CAREFULLY:--
1)ONLY GENUINE TRADERS CAN JOIN OUR SERVICE..FAKE PEOPLE OR ANY SERVICE PROVIDER NOT ALLOWED.
2)NO ONE CAN RE SELL OUR CALLS..
3)DONT ASK FOR TRIAL.FOLLOW OUR BLOG REGULARLY TO GET FREE CALLS AS TRIAL.
4)INTRADAY PLAYER CUM GAMBLER STRICTLY NOT ALLOWED TO JOIN OUR SERVICE..
5)NRI CLIENT WILL NOT BE ACCEPTED IF HE IS NOT A FULL TIME ONLINE TRADER..
Thursday, December 23, 2010
NIFTY FUTURE
ONLY INTRADAY TRADERS CAN SELL NIFTY FUTURE AT CMP: 6005.00 WITH THE STOPLOSS OF 6023.00 ..TARGET LOOKS 5968/5950.00......
KINDLY NOTE:- THIS IS A TECHNICAL BASED CALLS FOR ALL FREE MEMBERS.. WE ARE NOT RESPONSIBLE FOR ANY KIND OF LOSSESS..
KINDLY NOTE:- THIS IS A TECHNICAL BASED CALLS FOR ALL FREE MEMBERS.. WE ARE NOT RESPONSIBLE FOR ANY KIND OF LOSSESS..
Wednesday, December 22, 2010
NEWS
There’s no real jingle on the street as yet but looks like world markets are in no mood to spoil their Christmas party. At the same time, peace on earth remains a distant hope with terror alerts just being issued in cities like Mumbai and Ahmedabad.
Globally, the ‘ifs’ and ‘buts’ seem to be temporarily set aside; the European markets have shown pretty good resilience lately despite a spate of recent downgrades for the debt-strapped eurozone nations. Assurance from China for the fiscally strained eurozone helped prop up the sentiment in Europe. Meanwhile, the US markets have been steadily pulling away amid signs of improvement in the economic landscape. Watch out for today’s revised Q3 GDP data in the US later today.
Most Asian markets are up today but Chinese stocks have slipped into red zone. Given this backdrop, we expect a higher start for India. With the Nifty crossing 6000, market participants are pondering whether it can sustain above this level for long. While the near term outlook is positive, immediate resistance is seen at around 6050. Traded volumes have tapered off and FII inflows have also slowed, which means sudden wild swings on low volumes could be expected.
The markets will watch keenly what the RBI will do at its next policy meeting in late January. Latest quarterly results next month will also have some bearing on the market while the Union Budget will be a big event in February. For the time being, the sentiment will be driven by global markets.
Globally, the ‘ifs’ and ‘buts’ seem to be temporarily set aside; the European markets have shown pretty good resilience lately despite a spate of recent downgrades for the debt-strapped eurozone nations. Assurance from China for the fiscally strained eurozone helped prop up the sentiment in Europe. Meanwhile, the US markets have been steadily pulling away amid signs of improvement in the economic landscape. Watch out for today’s revised Q3 GDP data in the US later today.
Most Asian markets are up today but Chinese stocks have slipped into red zone. Given this backdrop, we expect a higher start for India. With the Nifty crossing 6000, market participants are pondering whether it can sustain above this level for long. While the near term outlook is positive, immediate resistance is seen at around 6050. Traded volumes have tapered off and FII inflows have also slowed, which means sudden wild swings on low volumes could be expected.
The markets will watch keenly what the RBI will do at its next policy meeting in late January. Latest quarterly results next month will also have some bearing on the market while the Union Budget will be a big event in February. For the time being, the sentiment will be driven by global markets.
Monday, December 20, 2010
NIFTY 5750 AGAIN???
OUR NEXT TARGET OF NIFTY IS 5750.00..SHORT NIFTY FUTURE WITH THE SL OF 6000.00....CMP:5940.00
HOPE ALL ENJOYED OUR PREVIOUS CALL OF NIFTY ..CALL GIVEN AT 5885.00 (SEE THE POST OF 16.12.2010)..AFTER THAT ITS DID HIGH OF 5978.00 ....NOW ONE CAN BOOK FULL PROFIT AND SQUARE UP ALL LONG POSITIONS ..
HOPE ALL ENJOYED OUR PREVIOUS CALL OF NIFTY ..CALL GIVEN AT 5885.00 (SEE THE POST OF 16.12.2010)..AFTER THAT ITS DID HIGH OF 5978.00 ....NOW ONE CAN BOOK FULL PROFIT AND SQUARE UP ALL LONG POSITIONS ..
Thursday, December 16, 2010
NIFTY RALLY 100 POINTS
TODAY AGAIN WE ARE EXPECTING A SHARP RALLY OF NIFTY ...ONE CAN LONG NIFTY FUTURE AT (CMP:- 5885.00) CURRENT LEVEL FOR THE TARGET OF 6000.00....
ONLY HNI CLIENTS WHO CAN TRADE WITH HUGE VOLUME MAY CONTACT US FOR
OUR SERVICE...CONTACT ..FII BIGBEAST...9330095704......
Wednesday, December 15, 2010
ABG SHIPYARD
YESTERDAY WE RECOMMENDED TO BUY ABG SHIPYARD AROUND AT 380.00 LEVEL..TODAY ITS DID HIGH OF 408.00 SO FAR..NOW FREE MEMBERS CAN BUY THIS SCRIPT FOR THE NEXT TARGET OF 430.00 AND MORE.....NOW CMP:- 400.00
JOIN FII BIGBEAST AND MINT MONEY AT THE PROPER WAY....CALL US AT 9330095704 .
JOIN FII BIGBEAST AND MINT MONEY AT THE PROPER WAY....CALL US AT 9330095704 .
Monday, December 13, 2010
NEWS
HEADLINES FOR THE DAY:-
Govt to review fund-raising by microfinance institutions
RBI likely to keep key rates unchanged
Coal India, Nuclear Power Corporation mull JV for nuclear power
EVENTS FOR THE DAY :-
Major corporate action
RDB Realty & Infrastructure to be listed today
Punjab & Sind Bank IPO opens today
Farmax India board to consider bonus issue
INDIAN MARKET REPORT:-
The Indian markets fell on broad-based selling after briefly consolidating and volatility in the last week. Trading may resume flat to positive taking cues from the global peers, which are quiet subdued.
In today's trade, markets may trade a cautious note following the global markets, with China's Shanghai gaining more than 1% in the initial trade may lift the market sentiments.
It seems that, the world's largest economy US is on the path of recovery which may boost the world markets in the future course of trend.
Next in line the investors will watch out for the data on monthly inflation scheduled on December 14 and RBI policy review on December 16.
The equity shares of RDB Realty & Infrastructure to be listed today on Bombay Stock Exchange.
GLOBAL SIGNALS:-
European markets edged up on Friday to end at their highest closing level since late September 2008, as upbeat US consumer sentiment data helped boost confidence over the prospects for economic recovery.
US markets rose on Friday, with the S&P 500 at its highest level since the week Lehman Brothers collapsed in 2008, and breaching technical levels that suggest the year-end rally will persist.
Asian markets rose on Monday after China's latest attempt to cool inflation and fresh vows to tackle price pressure. SGX Nifty was trading 4.5 points lower, suggesting towards a flat start on the Dalal Street.
Govt to review fund-raising by microfinance institutions
RBI likely to keep key rates unchanged
Coal India, Nuclear Power Corporation mull JV for nuclear power
EVENTS FOR THE DAY :-
Major corporate action
RDB Realty & Infrastructure to be listed today
Punjab & Sind Bank IPO opens today
Farmax India board to consider bonus issue
INDIAN MARKET REPORT:-
The Indian markets fell on broad-based selling after briefly consolidating and volatility in the last week. Trading may resume flat to positive taking cues from the global peers, which are quiet subdued.
In today's trade, markets may trade a cautious note following the global markets, with China's Shanghai gaining more than 1% in the initial trade may lift the market sentiments.
It seems that, the world's largest economy US is on the path of recovery which may boost the world markets in the future course of trend.
Next in line the investors will watch out for the data on monthly inflation scheduled on December 14 and RBI policy review on December 16.
The equity shares of RDB Realty & Infrastructure to be listed today on Bombay Stock Exchange.
GLOBAL SIGNALS:-
European markets edged up on Friday to end at their highest closing level since late September 2008, as upbeat US consumer sentiment data helped boost confidence over the prospects for economic recovery.
US markets rose on Friday, with the S&P 500 at its highest level since the week Lehman Brothers collapsed in 2008, and breaching technical levels that suggest the year-end rally will persist.
Asian markets rose on Monday after China's latest attempt to cool inflation and fresh vows to tackle price pressure. SGX Nifty was trading 4.5 points lower, suggesting towards a flat start on the Dalal Street.
Friday, December 10, 2010
LIC HOUSING FINANCE FUTURE
WE RECOMMENDED TO SHORT LIC HOUSING FIN JANUARY FUTURE AROUND AT 990.00 ON WEDNESDAY 8/12/2010..TODAY ITS DID INTRADAY LOW OF 848.00 ..NOW FREE MEMBERS CAN CONSIDER SELLING THIS SCRIPT FOR OUR NEXT TARGET OF 700.00.......NOW CMP: 910.00.......
Thursday, December 9, 2010
FOLLOW UP:- CHAMBAL FERT FUTURE
WHO ALL REMEMBER CHAMBAL FERT?? CLEARLY RECOMMENDED TO SHORT THIS SCRIPT AROUND AT 91.00 LEVEL FOR THE TARGET OF 74.00 ( SEE THE POST OF 25TH NOVEMBER,2010)..TODAY ITS DID LOW OF 76.80...ONE CAN BOOK FULL PROFIT NOW!!..
HDIL FUTURE SHORT CALL GIVEN AT 198.00 BEFORE FEW DAYS..OUR CLIENTS SHORTED AGAIN AT 215.00 LEVEL..TODAY REACHED 190.00 SO FAR.KEEP YOUR EYES ON THAT SCRIPT...
HDIL FUTURE SHORT CALL GIVEN AT 198.00 BEFORE FEW DAYS..OUR CLIENTS SHORTED AGAIN AT 215.00 LEVEL..TODAY REACHED 190.00 SO FAR.KEEP YOUR EYES ON THAT SCRIPT...
Wednesday, December 8, 2010
NEWS
the second straight day on reports oil firms will raise petrol and diesel prices by Rs 2 a litre after a week as crude touched a two-year high of $90 a barrel on Tuesday, 7 December 2010. Higher diesel prices will raise transportation costs, which in turn will stoke inflation. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicate a decline of 32.50 points at the opening bell.
chief economic adviser to the finance ministry Kaushik Basu on Tuesday said the Reserve Bank of India (RBI) may intervene in the foreign exchange markets if the rise in the rupee is sharp and volatile. Large capital flows into India are not a matter of concern, according to a mid-year review of the Indian economy tabled by Finance Minister Pranab Mukherjee in parliament on Tuesday.
The recent macro economic data has been strong. Business activity in India's services sector surged to a four-month high in November 2010, driven by robust growth in new orders, a survey showed on Friday, 3 December 2010. The HSBC Markit Business Activity Index, based on a survey of 400 firms, rose to 60.1 in November from 56.2 in October. It was the best showing for the index since July, and the 19th straight month it has remained above the 50 mark that divides growth from contraction.
The Indian economy grew a robust 8.9% year-on-year in Q2 September 2010, maintaining the same pace of expansion as the previous quarter, boosted by farm output and manufacturing, government data released Tuesday, 30 November 2010 showed. The manufacturing sector grew an annual 9.8% and farm output grew an annual 4.4% in Q2 September 2010. The government revised upwards the Q1 June 2010 GDP growth to 8.9% from 8.8% earlier.
The latest data showed a continuation of the recent trend of easing of food inflation. The food price index rose 8.60% while the fuel price index climbed 9.99% in the year to 20 November 2010, government data on Thursday, 2 December 2010 showed. In the prior week, annual food and fuel inflation stood at 10.15% and 10.57% respectively. The primary articles price index was up 12.72% in the latest week compared with an annual rise of 13.38% a week earlier.
chief economic adviser to the finance ministry Kaushik Basu on Tuesday said the Reserve Bank of India (RBI) may intervene in the foreign exchange markets if the rise in the rupee is sharp and volatile. Large capital flows into India are not a matter of concern, according to a mid-year review of the Indian economy tabled by Finance Minister Pranab Mukherjee in parliament on Tuesday.
The recent macro economic data has been strong. Business activity in India's services sector surged to a four-month high in November 2010, driven by robust growth in new orders, a survey showed on Friday, 3 December 2010. The HSBC Markit Business Activity Index, based on a survey of 400 firms, rose to 60.1 in November from 56.2 in October. It was the best showing for the index since July, and the 19th straight month it has remained above the 50 mark that divides growth from contraction.
The Indian economy grew a robust 8.9% year-on-year in Q2 September 2010, maintaining the same pace of expansion as the previous quarter, boosted by farm output and manufacturing, government data released Tuesday, 30 November 2010 showed. The manufacturing sector grew an annual 9.8% and farm output grew an annual 4.4% in Q2 September 2010. The government revised upwards the Q1 June 2010 GDP growth to 8.9% from 8.8% earlier.
The latest data showed a continuation of the recent trend of easing of food inflation. The food price index rose 8.60% while the fuel price index climbed 9.99% in the year to 20 November 2010, government data on Thursday, 2 December 2010 showed. In the prior week, annual food and fuel inflation stood at 10.15% and 10.57% respectively. The primary articles price index was up 12.72% in the latest week compared with an annual rise of 13.38% a week earlier.
Tuesday, December 7, 2010
PENNEY STOCK
(C... .......Y ) TRY TO GUESS THE NAME OF THIS PENNY STOCK...CALL GIVEN TO OUR PAID MEMBERS BEFORE FEW DAYS..NOW ITS 120% UP FROM THE BUYING LEVEL!!...
RETURN EXPECTED MINIMUM 10000% ON LONG TERM BASIS....WILL DISCLOSE THE NAME AFTER FEW DAYS.
RETURN EXPECTED MINIMUM 10000% ON LONG TERM BASIS....WILL DISCLOSE THE NAME AFTER FEW DAYS.
Monday, December 6, 2010
NEWS
The market is running nowhere as yet. Most Asian markets are up this morning; which means the Indian market will also see a higher start. Stay away from "risky" Small-Caps and Mid-Cap stocks and from sectors facing severe headwinds. Watch out for the latest IIP data to be released on Friday. The upswing may continue with 5900 acting as near term support. Overall, the trading range on the Nifty is expected to be 5800-6200. But don’t be in a hurry to make your purchases.
This week is a bit light in terms of global economic data though central banks in the UK, Australia, Canada and South Korea are scheduled to take up their policy reviews. China is scheduled to come out with its latest trade data later this week.
US stocks rose marginally on Friday to end the week up as Wall Street overlooked a weaker-than-expected monthly jobs report. Investors focused on what favorable policy decisions might be triggered by the disappointing unemployment numbers.
This week is a bit light in terms of global economic data though central banks in the UK, Australia, Canada and South Korea are scheduled to take up their policy reviews. China is scheduled to come out with its latest trade data later this week.
US stocks rose marginally on Friday to end the week up as Wall Street overlooked a weaker-than-expected monthly jobs report. Investors focused on what favorable policy decisions might be triggered by the disappointing unemployment numbers.
Thursday, December 2, 2010
RED ALERT!!
FEAR IS NOT OVER!!..ACCORDING TO OUR INFORMATION MARKET CAN FALL AGAIN..
BULLS CAN EXIT FROM THE MARKET FOR A CERTAIN PERIOD AND NOW PARTICIPATE WITH THE BEARS TO ENJOY THIS GAME........
NEWS
After a subdued October and a tumultuous November, the bulls have something to cheer about. The Indian market has bounced back and looks like it has enough spirit left in it to go farther. For a change, the daily dose of news on various scams is likely to be buried by the positive global vibes.
So, it’s a no-brainer that India will witness a gap-up opening, with the Nifty poised to pierce 6000. Hopefully, the external scenario will remain bright enough to enable us to finish higher. There is bound to be some resistance as we go along. But, if the global cues remain supportive, there is a chance that the Nifty will gradually keep pushing northwards. It would be premature to talk about a new all-time high for the Indian markets anytime soon.
The global turnaround has been sparked by strong manufacturing PMI reports. US stocks galloped following encouraging reports on private payrolls, auto sales and productivity. Concerns over the eurozone debt crisis also seem to be ebbing following positive comments from the ECB chief. A successful sale of government debt by Portugal also helped lift some of the gloom.
But, crude oil at $86 a barrel is a cause for concern so is the overhang of tension between the two Koreas. Also, the eurozone debt situation may drag on for months before it is settled. December is the best month for Wall Street. So, the performance of the US markets this month will definitely have a bearing on the sentiment across the world equity markets.
The ECB will meet on Thursday for a monetary policy review. It is widely expected to leave interest rates steady and also abandon immediate plans to exit its ultra-easy monetary policy. The monthly US jobs data on Friday will be watched closely.
So, it’s a no-brainer that India will witness a gap-up opening, with the Nifty poised to pierce 6000. Hopefully, the external scenario will remain bright enough to enable us to finish higher. There is bound to be some resistance as we go along. But, if the global cues remain supportive, there is a chance that the Nifty will gradually keep pushing northwards. It would be premature to talk about a new all-time high for the Indian markets anytime soon.
The global turnaround has been sparked by strong manufacturing PMI reports. US stocks galloped following encouraging reports on private payrolls, auto sales and productivity. Concerns over the eurozone debt crisis also seem to be ebbing following positive comments from the ECB chief. A successful sale of government debt by Portugal also helped lift some of the gloom.
But, crude oil at $86 a barrel is a cause for concern so is the overhang of tension between the two Koreas. Also, the eurozone debt situation may drag on for months before it is settled. December is the best month for Wall Street. So, the performance of the US markets this month will definitely have a bearing on the sentiment across the world equity markets.
The ECB will meet on Thursday for a monetary policy review. It is widely expected to leave interest rates steady and also abandon immediate plans to exit its ultra-easy monetary policy. The monthly US jobs data on Friday will be watched closely.
Wednesday, December 1, 2010
HDIL FUTURE
FREE MEMBERS CAN CONSIDER SELLIING THE STOCK OF HDIL FUTURE AT CURRENT LEVEL (CMP:198.00) WITH SHORT TERM TRADING PROSPECTIVE FOR THE TARGET OF 180/170/160....EXIT CALL WILL BE GIVEN TO THE PAID MEMBERS ONLY...
JOIN FII BIGBEAST AND MINT MONEY..CALL US AT 9330095704.
JOIN FII BIGBEAST AND MINT MONEY..CALL US AT 9330095704.
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