India Stock - GBP Powershare

GBK Powershare - Infrastructure sector
Recent low of INR 9, stock is making lower tops and lower bottoms, not much bounce. with a bounce back there could be a range upto 12 rupees.

GBP has many airport, road projects but lots of debt.

Market cap is 2,000 crore ~($374 million)

India stock - ITC

ITC: current trading at INR 200.70
diversifying in food, lifestyle goods.
good profit potential of around 15%
technicals - strength, upward rising trend lines showing, target is around 220, ITC has held onto its price during tough times

sebi hits out on 7 firms with IPO irregularities

sebi hits 7 companies on ipo valuations

Nifty 4650

Nifty has had weak trading todays and is trading below all important 4650 levels

Low volumes India

Sensex looks set to end 2011 on a losing streak, JIndal steel, Adani power on extreme selling pressure around 60%>

GBP USD range bound 5650

The open of UK's financial market after the long weekend has shown support for GBP against the greenback at 1.5650. The pair is trading around a 2 pip range.

HDFC Bank

interest rates have caused the biggest demise for banking sector,

USD CHF down on poor UBS data

UBS consumption indicator has given poor indications of the swiss economy, the pais is currently trading on a low of 0.9348

GBP up on UK open

GBP has warmed up after Asia trade volumes were thin. GBP USD is trading above 5600 current trading of 5670.

Key data is expected after US open

US consumer confidence, housing and manufacturing data are due.

Reliance under pressure

Down grade reliance,
refinery and e&p under pressure
petro chemicals has been maintaining the company but still not able to keep them up the water.

target 1140 INR

Rural Electrification Corporation Limited

exposed to 64% state debt, sell rating

target 250 INR

After xmas

Asian markets had thin trading volumes as investors were shy in anticipation for US opening. Nikkei opened 0.43% down in minus.

Euro upside LTRO

Euro faced some upside prior to LTRO, how much funds will the ECB inject

Asian Paint

Dec 21, 15:52
2684.00 39.60 (+1.50%)VOLUME 19,959
PREV. CLOSE
2644.40
OPEN PRICE
2677.90
BID PRICE (QTY.)
2684.00 (142)
OFFER PRICE (QTY.)
0.00 (0)
TODAY’S LOW/HIGH 2654.00 2708.00
52 WK LOW/HIGH 2395.05 3365.95
LIVENSE
Dec 21, 15:57
2687.50 38.00 (+1.43%)VOLUME 39,367

Not a liquid stock but a leader in its segment,
technicals: strong support 2500 and 2600, used to be a safe haven and Asian paint doesnt move with index. Good upside of 3100

Ashok Leyland

A new bus contract with British maker is looking optimistic.

Auto sector has been doing well in last quarter, however fuel and interest costs have been putting pressure.

Ashoka is a good stock with dividend yields.
Ashoka is close to its purchase price, strong support at 20 levels.

A look at Ranbaxy

Ranbaxy a leading Indian pharmaceutical, a number of issues have been cleared, FDI, compliance and the settlement of $500 million has given a boost, but short term profits are hit.

Some FX losses near 600 krore, USDINR.

380-390 range bound, currently trading below 400. If stock hits 380 buyers will enter

Nifty up 3%

Bank stocks like icici boosted the nifty, it saw an increase of 7%.

mid caps - reasonable performance

nifty 4,700

Moodys ratings - India

BAA3 positive as its higher then the local currency bonds, improvement as this new rating is an investment grade rating as opposed to specualtive rating.

Local currency bonds
Foreign currency bonds

Indian markets back up

Markets rallied today, strong buying across the board, icici, reliance

index up 500 points

India growth reach belo 6% and rupee to hit 60

more demis for indian financial markets, could the rupee hit 60 to the dollar

Indian stocks, hit by rupee

end of year trading is not positive for major Indian stocks as inflation and distraction on the rupee have caused most stocks to end in red, most stocks are trading in their 52 week lows

Stocks rally on EU funding talk

US stocks open in the green as EU ministers are discussing new funding measures. This week volumes are thin in the days leading to holiday season.

The Euro Dilemma

The Euro has lost some coverage due to the Greek and other nations debt problems. There is talk of the old currencies coming back to market and the break up of the euro.

The only way is up.

Gold has reached a new high crossing the formidable 1602 mark. It has been hovering around this figure on the back of European debt concerns reaching a record high of $1575.79 an ounce back in May as Portugal and Ireland were on the brink collapse with remarkable debt levels.
At the height of the crisis back in 2008 Gold weakened to the $900 range; Citi Bank analysts were speculating that gold could reach $2000 by the latter end of 2009. With gold hitting 1600 we’re not far off from Goldman Sachs viewpoint that the safe haven could reach $1690 by summer 2011.

Pakistan Stock Markets

The KSE Pakistans main bourse ended higher to end the week at 11,930,still short of the key 12k mark. Volumes were thin on the back of the bin laden case and US pak ties. However Kerrys visit has opened room for discussion.

Indian Markets week 16 may 2011

The markets were sliding down to hit a 2 month low earlier in the week however rebounded and recoupped to end at 18326 and 5486.

The news was around State bank Of Indias earnings report which failed to show positive signs to the market.