Chinese Economy Causing Global Rifts

The new year roller-coaster ride courtesy of the Chinese Stock Market continues to cast shadows over the world economy as markets suffer.

NSE stocks making good moves today

Good stocks to look out for
JSW Energy has been moving on sideways pattern but looks set to break consolidating point and hit 52 rupees


Jain Irrigation hit hard down to 75 inr, good price seems to be 104 or 105 rupees

banking space to perform better

Indian Private banks look set to take positive stage from the reduction in interest rates.
Yes banks has showed strong earnings.
LIC finance housing, has overcome recent scandals, maintained net interest margins with low NPA's

India Bank Stocks

Bombay Bank, good range 390 and 410, target is 460 INR.

Nifty ends up 4850

reliance helped moved the nifty, inclusuding banking giants like indus ind

Indus Ind Bank Q3 results

High Inflation,
depreciating rupee around 18% since August.
Robust results
main factors which were in discussion:
1)credit growth to be muted
Indus ind growth was 30%
2) depressed profitability, Indus Ind bank net profit 44%
3) net income 19%
4) loan book NPA's, gross NPA shrunk
cost of credit affects bottom line QoQ cost of credit 14 bps, this quarter 9 bps
5) restructure advances, reduced to 0.02%

Core incoem - fees from clients has increased QoQ 11%

Indus Ind raised rates - for savings book. Have seen a take up 10% in new client acquisitions
New activity up 22%

Increase in branches from 300 in 2010 to 400 to 2011, current levels at 365.

Indias short-term foreign currency rating boosted from speculative to investment grade - Moodys

India gets booster by Moodys which confirms they can pay their short term obligations.

On December 20 last year, Moody's had upgraded short term government bonds denominated in domestic currency from NP not prime to P-3