Diberdayakan oleh Blogger.

Popular Posts Today

Nasdaq ends brief post-holiday session at 13-year high

Written By Unknown on Sabtu, 30 November 2013 | 10.55

The Dow and the S&P 500 dipped in thin holiday trading on Friday, but technology stocks helped lift the Nasdaq to a 13-year high.

The Nasdaq got a boost from the technology sector, with Apple up 1.9 percent at USD 556.07, Microsoft Corp up 1.4 percent at USD 38.13 and Amazon Inc up 1.8 percent at USD 393.62.

"It's almost as if people are rotating into the bigger blue-chip names, especially the technology big caps. We wouldn't be shocked at all to see the small and mid-cap names lag a little bit," said Ryan Detrick, senior technical strategist with Schaeffer's Investment Research, in Cincinnati.

But with the both the S&P and Dow on an eight-week winning streak, investors may be cautious in adding new positions.

"We expect, and we recommend to our clients, that if they have exceeded their strategic allocation to equities, to take profit at these levels," said Paul Mangus, head of equity research and strategy for Wells Fargo Private Bank, in Charlotte, N C.

Volume was light, with slightly over 2 billion shares traded on all US platforms, according to BATS exchange data, as many US investors remained out following the Thanksgiving holiday on Thursday. The US stock market ended its regular session three hours early at 1 pm.

The Dow Jones industrial average fell 10.92 points or 0.07 percent, to end at 16,086.41. The S&P 500 slipped 1.42 points or 0.08 percent, to finish at 1,805.81. But the Nasdaq Composite added 15.136 points or 0.37 percent, to close at 4,059.886.

Retail stocks were in focus as the holiday shopping season gets under way. Many stores opened on Thanksgiving for the first time ever this year, but stores had to resort to steep discounts and shoppers appeared to be making careful purchases.

The S&P retail index rose 0.3 percent. Among some of the most active retail names, Target Corp declined 0.8 percent to USD 63.93, Best Buy Co Inc jumped 2.4 percent to USD 40.55, and J C Penney Co gained 1.1 percent to USD 10.19.

In the health-care sector, CVS Caremark Corp shares gained 0.3 percent to USD 66.96 after Wednesday's news that CVS will buy drug infusion services provider Coram LLC for USD 2.1 billion. The transaction will let CVS Caremark bolster its pharmacy benefits management business by offering cost-effective delivery of specialty drugs.



10.55 | 0 komentar | Read More

US week ahead: Retail, jobs data to rule stocks' next move

A week packed with data awaits investors eager for fresh clues on when the Federal Reserve will start to trim its stimulus program, as traditionally bullish December kicks off with the S&P 500 poised to mark its best year since 1998.

Traders will also sweep through sales data from retailers after the long Thanksgiving weekend, which kick-starts the holiday shopping season. Vice President Joe Biden's trip to Asia will increase the focus on a standoff pitting China against Japan, South Korea and the United States over air routes over the East China Sea.

Employment numbers will be the highlight as traders second-guess what the data will mean for the Fed and its announced intention to gradually reduce its USD 85 billion in monthly asset purchases, which have lit a fire under the stock market this year.

The Fed has repeatedly said its stimulus remains data-dependent, leading traders to treat soft data as a bullish market catalyst that guarantees Fed stimulus.

"The whole market is trying to channel the Fed," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.

She said volatility is to be expected as the reaction to data is more a "let's interpret how the Fed interprets it" rather than what it means for the economy.

Nonfarm payrolls for November on Friday will cap three days of jobs data that includes ADP's November report on private-sector payrolls on Wednesday and weekly US jobless claims on Thursday.

Economists expect the US economy to have created 185,000 jobs in November, down from 204,000 in October, according to a Reuters survey of economists.

Other major economic indicators due next week include the Institute for Supply Management's data on the US manufacturing and services sectors, with the ISM's factory index expected on Monday and its services index due on Wednesday. Domestic car and truck sales are scheduled for release on Tuesday, followed by US factory orders on Thursday and the preliminary reading for December on consumer sentiment from Thomson Reuters/University of Michigan on Friday.

November marked the third consecutive month of gains for the Dow Jones industrial average, the Standard & Poor's 500 and the Nasdaq Composite. The S&P 500 ended slightly lower on Friday, but closed its eighth positive week in a row, its longest weekly stretch of gains since a nine-week run from November 2003 to January 2004.

The benchmark S&P 500 is up 26.62 percent so far this year, which would make its best yearly gain since it climbed 26.67 percent in 1998.

RETAILERS ON CENTER STAGE

Consumer views are a key data point as the most important shopping season of the year, when some retailers make nearly half of the year's profits, gets under way.

The National Retail Federation expects that up to 140 million shoppers hit US stores over the Thanksgiving weekend, slightly more than the 139 million who turned out last year.

If reports start to show the numbers don't add up, retail stocks may feel some heat.

"The market seems to be focused on the consumer and on retail sales. They're going to dice up and analyze what sales figures have been for this weekend," said Bruce Zaro, chief technical strategist at Delta Global Asset Management in Boston.

He said there's special interest in this season because there are fewer shopping days and retailers are significantly reducing prices to attract shoppers.

This year's holiday shopping season in the United States is one of the shortest in years, with less than 30 days between Thanksgiving and Christmas.

Zaro said that however important sales and traffic numbers are, soft data should be treated carefully.

"I'm not sure it's a proxy for the overall market. There are areas of the economy doing quite well and areas of the market that are doing well beyond retailers, which are relatively mixed."

Regardless of how strong the numbers are, consumer stocks could be due for a slowdown. Retail stocks have underperformed the S&P 500 in the period from Thanksgiving to Christmas for the past three years, according to data from Bespoke Investment Group, an investment research firm in Harrison, New York.

Bespoke's data show that since 2000, the S&P 500 has averaged a gain of 1.7 percent during that key period, with positive returns in all but three years. Retail stocks have averaged a gain of just 0.8 percent in the same time frame, with positive returns during six of the 13 years.

A CHILL FROM CHINA?

During Biden's visit to China, Japan and South Korea next week, he will seek to ease growing tensions in the region. Last week, China established a new airspace defense zone over the East China Sea, including the islands at the heart of its dispute with Japan.

China scrambled jets on Friday in response to two US spy planes and 10 Japanese aircraft, including F-15 fighters, entering its new air defense zone, state news agency Xinhua said.

"This is a little bit of a brush fire, and I'm hopeful it will de-escalate in a hurry," said Jim Russell, senior equity strategist for US Bank Wealth Management, in Cincinnati.

"It's not the season to have a geopolitical distraction on what is already a shortened and highly promotional shopping season," he said.



10.55 | 0 komentar | Read More

India's economy probably recovered slightly in Sept quarter

Written By Unknown on Jumat, 29 November 2013 | 10.54

India's economic growth probably picked up slightly in the September quarter, but weak investment levels have tempered hopes that strong rural demand and a rebound in exports will drive a sustained recovery ahead of elections due early next year.

Also Read: India's GDP on Friday - here's what to expect

A Reuters poll of 40 economists showed gross domestic product (GDP) likely expanded 4.6 percent year-on-year, only two basis points above the previous quarter, which was the lowest in four years.

India's statistics office will release the data at 1200 GMT on Friday.

If the forecast materialises, it would mean the fourth successive quarter of economic growth below 5 percent, far below the 8 percent the government says is needed to reduce poverty and provide jobs for its burgeoning young population.

"A combination of weak investment, high inflation and tight monetary policy would not let India's economic recovery gather steam anytime soon," said Miguel Chanco, Asia Economist at Capital Economics in Singapore.

The ruling Congress party is pinning its hopes on a growth rebound to help win back voters in a national election expected by April. Opposition prime ministerial candidate Narendra Modi has made the depressed economy a central plank of his campaign.

After a successful decade of chaperoning Gujarat state's economic growth, Modi is viewed by some as the saviour of the country's battered growth story.

Economic growth virtually halved in two years to 5 percent in the fiscal year that ended in March -- the lowest level in a decade in which Congress has dominated Indian politics. Most economists surveyed by Reuters last month expect the fiscal year to March 2014 to be worse.

A pickup in rural consumer spending after a strong monsoon raised farm yields and a rebound in merchandise exports have spurred hopes among India's policymakers that the worst may be over.

The monsoon also replenished hydroelectric reservoirs, leading to higher electricity generation.

But the economy is facing headwinds from other quarters. Persistently high inflation has suppressed consumer demand in the urban areas that drive India's economy, and businesses remain wary about expanding their capacity in a situation akin to stagflation.

Looming national elections expected by April next year are also credited with a dampening effect.

Prime Minister Manmohan Singh has expedited clearances for big ticket infrastructure projects but many businesses now prefer to wait until the next government is formed before they commit to new projects.

"Political stability and policy credibility are paramount to corporates making long-term investment decisions," Nomura said in a note on Tuesday.

Investment slowed to a decade-low of 1.7 percent last fiscal year.

Goldman Sachs expects investment growth to ease further to 1.2 percent this fiscal year, dragging down overall economic growth to 4.3 percent. The government is more optimistic, forecasting growth in the year of between 5 and 5.5 percent.

The downturn has hit government finances, making it tougher for Finance Minister P. Chidambaram to deliver on his promise to narrow the budget deficit to a six-year low of 4.8 percent of gross domestic product this year.

With revenues under pressure and his reputation on the line, Chidambaram is expected to wield his budget knife to hit the deficit target. Such a move in the backdrop of weak corporate investments could further dent long-term economic prospects.

Concerns about the high budget and current account deficits combined to help drive the rupee currency to record lows earlier this year.

The economic malaise has also doubled bad loans at Indian banks since 2009 to 4.2 percent of total loans, raising concerns over the health of the country's financial system.



10.54 | 0 komentar | Read More

In the Gandhi bastion, the poor eye Modi's promise

If Sonia Gandhi and her Congress party need evidence that their policies of subsidies and safety nets for India's poor may no longer be enough to keep their support, they need look no further than her own constituency of Rai Bareli.

In the family borough in the northern heartland, which has been loyal to India's most powerful dynasty from the days of first Prime Minister Jawaharal Nehru, voters want electricity, hospitals and roads, more than the cheap food on offer.

Also Read: Congress steadily destroying slow Indian economy further

Such a change of heart threatens to upend the Congress party's central calculation to win next year's election: that poor rural voters who make up the backbone of support will stay loyal because of the big welfare programmes it promotes, including a flagship USD 21 billion food subsidy scheme.

Instead, even in such a bastion of Congress support as Rai Bareli district, opposition leader Narendra Modi's message of growth and investment is gaining ground, despite critics' misgivings about his hardline Hindu nationalist roots and a perceived bias against the nation's minority Muslims.

"We don't need subsidised food ... It's a donation and we don't want that charity," said Arjun Rewal, a farmer in the Rai Bareli hamlet of Shivgarh in the centre of India's most populous state of Uttar Pradesh.

"We need hospitals with doctors, we need roads, we need electricity supply and we need someone who can tackle inflation," the 52-year-old said, emphasising his point with a stab of his earth-brown finger.

Rewal and the farmers with him, who meet one evening a week in the grounds of an old palace, see Modi as the person who can deliver.

"In this area, for the first time, people are talking about another political leader and that is Narendra Modi," he said.

Modi has promised quick reforms and an end to a prolonged period of policy paralysis, pointing to the double-digit pace of expansion in the western state of Gujarat that he has governed for three terms.

Uttar Pradesh sends 80 members of parliament to New Delhi, more than any other state. In the last election in 2009, Congress won 21 seats and Modi's Bharatiya Janata Party (BJP) won 10.

According to a recent opinion poll by AC Nielsen for the Economic Times, the BJP could win 27 seats in Uttar Pradesh in the next election, due by May, with Congress winning just 12.

Rahul Gandi, Nehru's great grandson, looks likely to lead the Congress into the election, but he was generally seen as lacklustre at state election rallies in Uttar Pradesh in 2012.

EXPECTATIONS

But it is not Rahul Gandhi's oratory that voters in his family's old constituency, first held by Nehru's son-in-law, Feroze Gandhi and now by Rahul's mother, Congress leader Sonia Gandhi, are worried about.

With inflation outpacing agricultural growth for nearly a decade, many villagers have seen benefits eroded. In addition, demand is rising for pulses, dairy products and vegetables, which are not subsidised.

In neighbouring Barabanki district, the mood is similar as residents of Thalwara village gather on a circle of plastic chairs on a dusty patch of ground to air their views.

"Governments sitting in New Delhi or state capitals like Lucknow don't know the ground reality and make policies that don't help the poor," said Jaibaksh Singh, a farmer and former head of the village.

The expectations of rural voters changed with the arrival of television and later mobile phones, together with a demographic shift that means 65 percent of the population are less than 35 years old, said Rural Development Minister Jairam Ramesh.

"We can no longer go to the voters and say 'look, we built this road for you, now vote for us'. Today most people expect you to build that road. They don't think that we are doing them a favour by building that road," said Ramesh, one of the Congress party's most outspoken leaders.

However, the party seems reluctant to address voters' aspirations in its campaign, sticking instead to what until now has been the tried and tested formula of subsidised support for the rural poor.

Congress points to a record on poverty, which the government says fell to 25.7 percent of rural people in 2011/12 - about 217 million people - from 41.8 percent in 2004/05, using its yardstick of 816 rupees a month per person.

But millions still live without reliable electricity, schools are woefully understaffed and jobs scarce, while cheap food often ends up with traders who sell it on at a handy profit.

The Congress-led government is spending billions of dollars a year on food subsidies for the poor and on the Mahatma Gandhi National Rural Employment Guarantee Act, known as NREGA, which provides people with 100 days of paid, unskilled work a year.

Critics say nearly half the rice and wheat set aside for the handouts is siphoned off by corrupt officials and never reaches the people it is meant to help. In BJP-ruled Chhattisgarh, the state government has tightened up on distribution and cut wastage dramatically.

"People have not gained from programmes like NREGA due to corruption. The same holds true for rice and wheat sale," said Singh in Thalwara. "The perception is gaining ground that the BJP will win and it will tackle corruption."

Last week, Modi spoke at a rally of about 100,000 people in Agra, home of the famed Taj Mahal, and more than 400 km (250 miles) from Rai Bareli.

"If he becomes prime minister this country will be transformed. He talks only about development," said Rajan Singh Rawat, a 60-year-old farmer who listened to Modi in the crowd in Agra and has switched support to the BJP from one of the state's big local parties.



10.54 | 0 komentar | Read More

Bull's Eye: Buy Rallis, Biocon, HDIL, Idea Cellular

Written By Unknown on Kamis, 28 November 2013 | 10.54

Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.

Remember these are midcap ideas not just for the day, but stocks that look attractive in the medium-term as well.

This week Nooresh Merani of AMSEC Research, Krish Subramanium of Asit C Mehta and Meghna Malkan of malkansview.com battle it out for top honours.

Nooresh Merani of AMSEC Research

One may buy Rallis India with a target of Rs 185 and a stoploss of Rs 165.

One may buy PTC India with a target of Rs 65 and a stoploss of Rs 59.

One may buy Biocon with a target of Rs 400 and a stoploss of Rs 375.

One may buy UPL with a target of Rs 175 and a stoploss of Rs 160.

Disclaimer: He doesn't hold stocks discussed but may have recommended them to clients.

Krish Subramanium of Asit C Mehta

Buy Sun Pharma Advanced Research Company (SPARC) for a target of Rs 156 and stoploss of Rs 143.50.

Buy JSW Steel for a target of Rs 970 and stoploss of Rs 900.

Sell Century Textiles and Industries November future for target price of Rs 257 and stoploss of Rs 270.

Sell LIC Housing Finance November futures for target of Rs 193 and stoploss of Rs 208.

Disclaimer: He doesn't hold stocks discussed but may have recommended them to clients.

Meghna Malkan of malkansview.com

Buy Ashok Leyland with a stoploss of Rs 15.50 and a target of Rs 17.

Buy Housing Development and Infrastructure (HDIL) with a stoploss of Rs 48.80 and a target of Rs 52.30.

Buy Idea Cellular with a stoploss of Rs 173.50 and a target of Rs 181.

Buy JSW Energy with a stoploss of Rs 49 with a target of Rs 53.

Disclaimer: She doesn't hold stocks discussed but may have recommended them to clients.



10.54 | 0 komentar | Read More

Nifty tests 6100, Sensex up over 100 pts; ICICI, BHEL gain

09:15

Moneycontrol Bureau
Live Market Commentary 

The market has opened on a strong note. The Sensex is up 126.39 points at 20546.65, and the Nifty is up 37.45 points at 6094.55.
About 272 shares have advanced, 38 shares declined, and 10 shares are unchanged.

Tata Motors, ICICI Bank, Dr Reddy's Labs, Tata Power and BHEL are top gainers in the Sensex. Among the losers are Hero Motocorp and Jindal Steel.

Indian rupee fell 25 paise in early trade to 62.39 against the US dollar on Thursday. It closed at 62.14 per dollar in previous session.

Himanshu Arora of Religare feels the rupee is expected to trade higher against a dollar in today's session as some foreign banks have been seen selling dollars which may continue today as well.

Moreover, weakness in dollar index and strength in domestic equities amid expiry session is also likely to support rupee, he adds. According to Arora, the range for the day is seen between 61.75-62.40/USD.

US markets gained yesterday, with a positive reading on consumer confidence spreading cheer just before the holiday-shopping season.

Asian shares held steady early on Thursday, although Japanese stocks look set to head back towards a 5-1/2 year peak reached in May after the yen fell sharply on the back of relatively positive US economic data.

In commodities, Nymex futures fell by nearly USD 2 a barrel on Wednesday, touching a 5-month low as a higher-than-expected build in inventories weighed down prices, although Brent's losses were lessened by unrest in Libya.

Gold prices still trade on the back-foot below USD 1240 an ounce, although it's steadied a bit this morning.



10.54 | 0 komentar | Read More

Support for Nifty at 6000: Sharekhan

Written By Unknown on Rabu, 27 November 2013 | 10.54

Sharekhan's Technical Report:

The Nifty closed in the negative today, down 56 points at 6059. Over the next couple of days it is expected to trend up till 6100. In this period the key support will be at 6000 and resistance will be at 6100.

From the Nifty stock futures, Hindustan Unilever and Tata Global Beverage are expected to move up going forward.

The Nifty has completed an A-B-C correction and also taken support at the lower end of the Bollinger Band on the daily chart. The short-term bias for the market has changed to positive for a target of 6350 with reversal at 5970. The medium-term outlook remains positive as the Nifty has retraced 61.8 percent of the previous rally from 4770 to 6229. The momentum indicator on the weekly chart has given a positive crossover. 

On the daily chart the index is trading below the 20-daily moving average (DMA) and the 40-DMA, i.e. 6150 and 6062 respectively. The momentum indicator is trading in negative mode.

On the hourly chart, the Nifty is trading below the 20-hourly moving average (HMA) and the 40-HMA, ie 6066 and 6085 respectively, which are crucial intra-day levels. The hourly momentum indicators have turned negative. The market breadth was negative today with 425 advances and 741 declines on the National Stock Exchange. 

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.



10.54 | 0 komentar | Read More

Indian rupee rises to 62.45 per dollar in early trade

Indian rupee kicked-off trade at 62.45 per dollar on Wednesday, up 5 paise compared to previous close of 62.50 per dollar.

Pramit Brahmbhatt of Alpari India feels the rupee will be rangebound today with a slight negative bias owing to a weak equity market and strong month-end dollar demand by oil marketing companies and other importers.

However a strong euro and a weak dollar coupled with RBI's intervention in the market might aid rupee, he adds. 

According to Brahmbhatt, the range for the day is seen between 62.1-63.10/USD.



10.54 | 0 komentar | Read More

Buy Hero Motocorp: Sudarshan Sukhani

Written By Unknown on Selasa, 26 November 2013 | 10.54

Nov 26, 2013, 09.15 AM IST

Sudarshan Sukhani of s2analytics.com recommends buying Hero Motocorp as the stock may head higher.

Like this story, share it with millions of investors on M3

Buy Hero Motocorp: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com recommends buying Hero Motocorp as the stock may head higher.

Like this story, share it with millions of investors on M3

Buy Hero Motocorp: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com recommends buying Hero Motocorp as the stock may head higher.

Comments (1)   .   Share  .  Email  .  Print  .  A+A-
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, " Hero Motocorp has been a gainer, it is like Bata India , it is willing to go higher. It went down, found strong support in the Rs 1980-2000 area and has rallied yesterday. That support tells us that the rally can continue."

"What happens in a choppy market, a lot of stocks will go up while a lot of them will go down. This one seems to be going up, we want to be buyers here once the early morning break is available and then look to hold the positions if it works," he said.


Related Stories

More from Sudarshan Sukhani


10.54 | 0 komentar | Read More

Support for Nifty at 5950: Dolat Capital

Dolat Capital's Derivative Report:

Major short covering across the board helped the Index to close 119 points up. Short covering was seen in cement, banks, oil & gas. Longs were added in capital goods. OI unwinding was witnessed in 6000-6100 CE's. Nifty and MW rolls were above average.

As per options data, Nifty may find strong resistance near 6200-6250. Support lies at 5950.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.



10.54 | 0 komentar | Read More

Ganeshaspeaks: Market prediction for November 25

Written By Unknown on Senin, 25 November 2013 | 10.54

By Shri Dharmesh Joshi of Ganeshaspeaks

Consider 10 minutes plus and minus in each prediction, and act accordingly.

Ganesha advises you to compare every prediction with the prediction of the previous time slot.

Nifty may open in the positive zone and then it may suddenly go down. After the sudden dip, Nifty may go up as well. Hence, you need to trade very carefully, cautions Ganesha.

From 09:40 to 12:10, Nifty may remain up.

From 12:10 to 14:10, Nifty may remain down.

Overall, Nifty may create a mixed pattern during the period between 14:10 to 15:30.

Ganesha speaks

Shri Dharmesh Joshi is a protege of Bejan Daruwalla and belongs to the team of astrologers declared as official successors to his astrological legacy, by none other than Bejan Daruwalla himself, in an event in Mumbai on the 23rd Nov, 2009.

Disclaimer: The views and investment tips expressed by investment experts/astrologers on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.



10.54 | 0 komentar | Read More

Iranian-Americans welcome nuclear deal

Prominent Iranian-Americans praised the Iranian nuclear deal as a significant first step in what they hope will be a broader rapprochement between Iran and the international community.

While the deal will give a psychological boost to many Iranians and provide momentum to moderate Iranian President Hassan Rouhani, some Iranian-Americans cautioned, improvements in the country's economy and in its treatment of dissidents will not occur overnight.

Also Read: US-Iran thaw starts to reshape Mideast power balance

The agreement reached early Sunday has at least the potential to become a milestone, said Reza Aslan, an Iranian-born scholar of religion and author of the book "Zealot."

"I don't think these negotiations are going to have an effect either on Iran's global image or on Americans' perceptions of Iran," he said. "But they may set the groundwork for eventual normalization between Iran and the US - and that is something which should be celebrated."

Aslan said virtually every Iranian outside the country's political, military or religious elite has suffered from the economic sanctions.

The sanctions, first imposed in 2006 by the United Nations over the country's nuclear program, along with trade restrictions between the United States and Iran in place since 1979, have slashed Iran's oil sales and largely frozen it out of the global banking system.

San Francisco Sheriff Ross Mirkarimi, born in the United States to an Iranian father and a Jewish mother, described the deal as a positive step.

"For anybody who has had direct and intimate contact with people living in Iran, the first sign of relief will be about the economics," said Mirkarimi, who has friends and extended family in Iran. "I know that's on many people's minds. They don't like to see their loved ones harmed."

Omid Memarian, an Iranian journalist and blogger persecuted in his home country before coming to the United States in 2005, said the deal will give hope - if not immediate help - to members of his family in Tehran who have struggled to make ends meet.

Memarian said his brother's Tehran-based food-import business has floundered largely as a result of Iran's depressed currency, the rial, which jumped more than 3 percent against the US dollar on Sunday after the deal was announced.

Memarian warned, however, that the nuclear deal does not mean Iran will ease its hard line on those in the country who speak out against the regime, and said his own return would be fraught with risk.

"People are now questioning Rouhani's determination to uphold the people's rights," Memarian said. "That's going to be one of his major challenges in the months to come - whether he stands up for his people or gives up the domestic issues to the hard-liners in Tehran."

The wife of Iranian-American pastor Saeed Abedini, who has been imprisoned in Iran for his religious beliefs since September 2012, said in a statement Sunday on Facebook that she was disappointed the nuclear deal did not include a condition to free her husband.

Abedini has been held in the notorious Rajai Shahr prison for allegedly trying to set up secret churches, and his family said he has been held without access to needed medication.

"Obama makes deals with Iran with no mention of Saeed," Naghmeh Abedini said. "Although I am extremely disappointed at this administration, my hope and trust is in Jesus."

But the deal has contributed to an unmistakable sense among many Iranian-Americans that Iran has taken a key step in shedding its label of international pariah.

Leila Vaziri, 28, a world-champion American swimmer living in New York whose father emigrated from Iran, said she feels cautiously optimistic that her father's homeland, which she has never visited, will live up to it obligations under the deal.

"I'm always hopeful that the future is changing towards some sort of compromise," said Vaziri, the former world record holder in the 50 meter backstroke. "So, yeah, I think it's really good news.



10.54 | 0 komentar | Read More

Light rain to continue in south India; night temperatures to fall in North

Written By Unknown on Minggu, 24 November 2013 | 10.54

Scattered rain will be witnessed in Rayalaseema and Telangana in Andhra Pradesh during the next two days. There would be some showers in north interior Karnataka, Tamil Nadu and Kerala in this period. It could rain at some places in Madhya Maharashtra, Marathwada, Odisha and south Chhattisgarh. Cyclone Helen that had brought heavy rain and strong winds in coastal Andhra Pradesh in the past 24 hours has weakened further and now lies as a low pressure area over Andhra Pradesh. This low pressure system will now become insignificant in about 24 hours so rain will remain subdued in South India during the next two days. In North India, night temperatures that had risen in the last two days will again fall during the next two days. Change in wind conditions, from northerly to easterly owing to Cyclone Helen had led to this rise in minimum temperatures but now, as the weather system is weakening, winds will again become northerly to drop night temperatures over North India.By: Skymetweather.com

10.54 | 0 komentar | Read More

NSE Fin Wiz: What are young scholars thinking?

Nov 23, 2013, 05.32 PM IST

Focusing on our theme for the series NSE Fin Wiz visited NITIE to gauge the thoughts and notions of young scholars on investments and financial planning.

Like this story, share it with millions of investors on M3

NSE Fin Wiz: What are young scholars thinking?

Focusing on our theme for the series NSE Fin Wiz visited NITIE to gauge the thoughts and notions of young scholars on investments and financial planning.

Like this story, share it with millions of investors on M3

NSE Fin Wiz: What are young scholars thinking?

Focusing on our theme for the series NSE Fin Wiz visited NITIE to gauge the thoughts and notions of young scholars on investments and financial planning.

Share  .  Email  .  Print  .  A+A-

Focusing on our theme for the series NSE Fin Wiz visited NITIE to gauge the thoughts and notions of young scholars on investments and financial planning.


10.54 | 0 komentar | Read More

Indian ADRs: HDFC Bank gains 2.5%, Wipro rises 2.3%

Written By Unknown on Sabtu, 23 November 2013 | 10.54

Indian ADRs ended higher on Friday. In the banking space, ICICI Bank gained 1.75 percent at USD 34.28 and HDFC Bank added 2.49 percent at USD 32.93.

In the IT space, Infosys rose 0.75 percent at USD 53.92 and Wipro was up 2.3 percent at USD 11.58.

In the other sectors, Tata Motors rose 0.27 percent at USD 30.20 and Dr Reddys Laboratories jumped 1.6 percent at USD 39.34.



10.54 | 0 komentar | Read More

SP 500 ends above 1,800 for first time; healthcare leads

US stocks rose on Friday, with the S&P 500 closing above 1,800 for the first time and healthcare names leading the way higher.

The Dow industrials ended at another record high above 16,000.

Both the Dow and the S&P 500 recorded their seventh straight week of gains in what has been a very strong year for stocks. The seven-week advance comes just ahead of December, which since 1950 has been the best month for both the Dow and the S&P.

"We're advising our clients to take this ride until the end of the year," said Drew Nordlicht, managing director and partner at Hightower San Diego.

The Nasdaq Biotech Index jumped 3 percent, driven by a surge in Biogen Idec.

Shares of Biogen shot up 13.2 percent on heavy volume to USD 285.62 after the company won 10 years of exclusivity protection for its multiple sclerosis drug, Tecfidera, from regulators in Europe.

"Healthcare is the place to be. It's a hot area. People want stocks in healthcare, industrials and consumer discretionary. That's where tactical investors have been focused, and that's where the money has been flowing," said

Michael Matousek, head trader at US Global Investors Inc, in San Antonio, Texas.

European regulators also recommended approval of a new drug for hepatitis C from Gilead Sciences, which pushed its shares up 3.7 percent to USD 74.27.

The S&P 500 healthcare sector index has gained 37.5 percent so far in 2013, making it the S&P 500's best-performing sector this year.

Such moves give investors who have enjoyed some of the 26.5 percent surge in the S&P 500 this year an opportunity to reduce their positions ahead of an eventual market correction.

The CBOE Volatility Index fell 3.2 percent to close at 12.86.

With volatility low and the price of options cheap, "you can lighten your stock position, but replace it with a derivative. This way, if the market were to tank, you would lose a lot less on the derivative than you would lose on the stock," Matousek said.

The Dow Jones industrial average rose 54.78 points, or 0.34 percent, to end at a record 16,064.77. The Standard & Poor's 500 Index gained 8.91 points, or 0.50 percent, to finish at 1,804.76. The Nasdaq Composite Index climbed 22.50 points, or 0.57 percent, to close at 3,991.65.

Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, said on CNBC that reducing the pace of the central bank's bond-buying program will be on the table at its December policy meeting. He added that monetary policy is likely to be very accommodative for some time.

"In the meantime, USD 85 billion a month keeps swirling into investor hands, and some of that finds its way out into the financial markets, including the stock market," said Fred Dickson, chief market strategist at D.A. Davidson & Co., in Lake Oswego, Oregon.

Intel fell 5.4 percent to USD 23.87 and was the biggest drag on the S&P 500 after analysts questioned whether the chipmaker can get higher-margin chips into tablets and smartphones, which are eroding sales of traditional PCs.



10.54 | 0 komentar | Read More

See flat to positive opening: Ventura Securities

Written By Unknown on Jumat, 22 November 2013 | 10.54

Ventura Securities Fundamental Report:

Sensex, on Thursday, fell by 406 points and closed at 20,229, after minutes from the US Federal Open Market Committee's (FOMC's) October meeting hinted at a tapering of monetary stimulus measures in the world's biggest economy in the coming months.

Among the stocks, Sesa Sterlite , HDFC Bank  and Larsen and Toubro were the ones which declined the most while among sector indices, realty, capital goods and bankex ended on a negative note. Market breadth was negative with 895 advances against 1,569 declines.
 
Nifty was down by 124 points and closed at 5,999. Today we expect the markets to open on a flat to positive note on the back of firm global cues.

US markets ended on a positive note with Dow Jones and Nasdaq up by 0.7 percent and 1.2 percent respectively, as data showed improvement in the job market.

Asian markets are trading positive with Nikkei and Hang Seng up by 1.4 percent and 0.7 percent respectively. SGX Nifty is trading up by 7 points at 6,031.

Indian ADRs ended on a negative note. Among financial ADRs, ICICI Bank and HDFC Bank were down by 1.8 percent and 1.4 percent respectively. Among IT ADRs, Wipro and Infosys were down by 0.8 percent and 1.6 percent respectively. Tata Motors was down by 1.1 percent.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.



10.54 | 0 komentar | Read More

Indian rupee opens higher at 62.89 per dollar

Nov 22, 2013, 09.11 AM IST

NS Venkatesh of IDBI Bank feels today currency markets will take cues from equity markets moves. "Better-than-expected US jobs data is positive for the dollar and could put a mild weakening bias to rupee," he adds.

Like this story, share it with millions of investors on M3

Indian rupee opens higher at 62.89 per dollar

NS Venkatesh of IDBI Bank feels today currency markets will take cues from equity markets moves. "Better-than-expected US jobs data is positive for the dollar and could put a mild weakening bias to rupee," he adds.

Like this story, share it with millions of investors on M3

Indian rupee opens higher at 62.89 per dollar

NS Venkatesh of IDBI Bank feels today currency markets will take cues from equity markets moves. "Better-than-expected US jobs data is positive for the dollar and could put a mild weakening bias to rupee," he adds.

Share  .  Email  .  Print  .  A+A-
Indian rupee opened higher at 62.89 per dollar on Friday as against previous day's closing of 62.93 per dollar.

NS Venkatesh of IDBI Bank feels today currency markets will take cues from equity markets moves. "Better-than-expected US jobs data is positive for the dollar and could put a mild weakening bias to rupee," he adds.

According to Venkatesh, the range for the day is seen between 62.5-62.95/USD.

The yen falls to a fresh four-year low against the euro early in Asian trade, left exposed after promising data in both Germany and the United States underpinned the single currency and the US dollar.



10.54 | 0 komentar | Read More

Buy Dena Bank: Sudarshan Sukhani

Written By Unknown on Kamis, 21 November 2013 | 10.54

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "I am buying Dena Bank because in a choppy market we will get both sides of the trade. Dena Bank is one of the better PSU banks, it has found strong support at Rs 50. So far as that support holds, I think at some point during the day we want to go long in it."

"Luckily for people who look at short-term trading, the next few days are likely to be good for intraday traders. So they have lot of trades, this is an intraday trade and I think it will come about," he adds.



10.54 | 0 komentar | Read More

Mah govt gives nod to Mundra UMPP rate revision with riders

Nov 21, 2013, 09.12 AM IST

The decision was taken at a Cabinet meeting here, official sources said. Maharashtra's power distribution arm MahaVitaran has tied up for getting 800 MW from the coal-fired UMPP in Gujarat.

Like this story, share it with millions of investors on M3

Mah govt gives nod to Mundra UMPP rate revision with riders

The decision was taken at a Cabinet meeting here, official sources said. Maharashtra's power distribution arm MahaVitaran has tied up for getting 800 MW from the coal-fired UMPP in Gujarat.

Like this story, share it with millions of investors on M3

Mah govt gives nod to Mundra UMPP rate revision with riders

The decision was taken at a Cabinet meeting here, official sources said. Maharashtra's power distribution arm MahaVitaran has tied up for getting 800 MW from the coal-fired UMPP in Gujarat.

Share  .  Email  .  Print  .  A+A-
Maharashtra government today approved an application from Tata Power's 4,000 MW ultra mega power project (UMPP) at Mundra seeking tariff revision, as recommended by the Deepak Parekh panel, but with some riders.

The decision was taken at a Cabinet meeting here, official sources said. Maharashtra's power distribution arm MahaVitaran has tied up for getting 800 MW from the coal-fired UMPP in Gujarat.

But the state is currently getting 80 per cent of this and wants the company to ensure it gets the entire quota. One of the riders says once the price of imported coal (used in UMPP) falls, the tariff should be revised downwards accordingly. Another caveat calls for an undertaking from the private firm to reduce its return on equity or RoE (a measure of company profitability) as far as possible, they said. If the revision materialises, the power tariff may increase by 59 paise per unit for MahaVitaran. But according to a state discom official, they expect the effective increase to be 35-45 paise a unit.

The state government has accepted recommendations of the panel, headed by HDFC Chairman Deepak Parekh, which had called for a hike in tariff for power supplied by Coastal Gujarat Power, an arm of Tata Power that runs Mundra UMPP .

Central Electricity Regulatory Commission (CERC), in April this year, had allowed Tata Power to pass on to consumers high cost of coal imported from Indonesia for the Mundra unit, which supplies power to five states. The regulator had asked all states which receive power from the project to file an affidavit in this regard. According to the MahaVitaran affidavit, Tata Power should pass on the benefit of any reduction in Indonesian coal prices and also reduce the RoE as far as possible. It called on financial institutions, which have funded the project, to reduce their interest rates. It said even after the entire exercise, if the tariff is unviable, the state will have the option of cancelling the purchase pact without giving any compensation. Punjab and Haryana, receiving power from Mundra UMPP, have opposed the CERC nod to hike in tariff and have moved the court against the decision. PTI PSK BEN RSY MNS SRE



10.54 | 0 komentar | Read More

Bhuwalka Steel postponed its board meeting

Written By Unknown on Rabu, 20 November 2013 | 10.54

Nov 20, 2013, 09.17 AM IST

Bhuwalka Steel Industries Ltd has informed that due to unavoidable circumstances the Board Meeting scheduled to be held on November 20, 2013 has been postponed to November 21, 2013.

Like this story, share it with millions of investors on M3

Bhuwalka Steel postponed its board meeting

Bhuwalka Steel Industries Ltd has informed that due to unavoidable circumstances the Board Meeting scheduled to be held on November 20, 2013 has been postponed to November 21, 2013.

Like this story, share it with millions of investors on M3

Bhuwalka Steel postponed its board meeting

Bhuwalka Steel Industries Ltd has informed that due to unavoidable circumstances the Board Meeting scheduled to be held on November 20, 2013 has been postponed to November 21, 2013.

Comments (1)   .   Share  .  Email  .  Print  .  A+A-
Bhuwalka Steel Industries Ltd has informed BSE that due to unavoidable circumstances the Board Meeting scheduled to be held on November 20, 2013 has been postponed to November 21, 2013.Source : BSE

Read all announcements in Bhuwalka Steel

Action in Bhuwalka Steel Industries


10.54 | 0 komentar | Read More

Innoventive Venture appoints Parag Mohan Mulye as compliance officer

Nov 20, 2013, 09.18 AM IST

Innoventive Venture has now informed that currently the post of Company Secretary & Compliance officer of the Company is vacant. Therefore, for the time being, Mr. Parag Mohan Mulye, Whole-time Director of the Company shall act as Compliance Officer of the Company till the suitable candidate gets appointed for the said post.

Like this story, share it with millions of investors on M3

Innoventive Venture appoints Parag Mohan Mulye as compliance officer

Innoventive Venture has now informed that currently the post of Company Secretary & Compliance officer of the Company is vacant. Therefore, for the time being, Mr. Parag Mohan Mulye, Whole-time Director of the Company shall act as Compliance Officer of the Company till the suitable candidate gets appointed for the said post.

Like this story, share it with millions of investors on M3

Innoventive Venture appoints Parag Mohan Mulye as compliance officer

Innoventive Venture has now informed that currently the post of Company Secretary & Compliance officer of the Company is vacant. Therefore, for the time being, Mr. Parag Mohan Mulye, Whole-time Director of the Company shall act as Compliance Officer of the Company till the suitable candidate gets appointed for the said post.

Comments (1)   .   Share  .  Email  .  Print  .  A+A-
Innoventive Venture Ltd has now informed BSE that currently the post of Company Secretary & Compliance officer of the Company is vacant. Therefore, for the time being, Mr. Parag Mohan Mulye, Whole-time Director of the Company shall act as Compliance Officer of the Company till the suitable candidate gets appointed for the said post.Source : BSE

Read all announcements in Innoventive Ven


10.54 | 0 komentar | Read More

Gangotri Iron: Updates on adjournment of board meeting

Written By Unknown on Selasa, 19 November 2013 | 10.54

Nov 19, 2013, 09.12 AM IST

Gangotri Iron & Steel Company has informed that the meeting of the Board of Directors which was scheduled to be held on November 15, 2013, is adjourned for want of quorum u/s 288 and 285 of the Companies Act, 1956 and the said meeting will be held after a week on same day, date and at the same place, i.e. on November 22, 2013.

Like this story, share it with millions of investors on M3

Gangotri Iron: Updates on adjournment of board meeting

Gangotri Iron & Steel Company has informed that the meeting of the Board of Directors which was scheduled to be held on November 15, 2013, is adjourned for want of quorum u/s 288 and 285 of the Companies Act, 1956 and the said meeting will be held after a week on same day, date and at the same place, i.e. on November 22, 2013.

Like this story, share it with millions of investors on M3

Gangotri Iron: Updates on adjournment of board meeting

Gangotri Iron & Steel Company has informed that the meeting of the Board of Directors which was scheduled to be held on November 15, 2013, is adjourned for want of quorum u/s 288 and 285 of the Companies Act, 1956 and the said meeting will be held after a week on same day, date and at the same place, i.e. on November 22, 2013.

  .   Share  .  Email  .  Print  .  A+A-
Gangotri Iron & Steel Company Ltd has informed BSE that the meeting of the Board of Directors which was scheduled to be held on November 15, 2013, to consider and take on record the Unaudited Financial Results of the Company for the quarter ended September 30, 2013, is adjourned for want of quorum u/s 288 and 285 of the Companies Act, 1956 and the said meeting will be held after a week on same day, date and at the same place, i.e. on November 22, 2013.Source : BSE

Read all announcements in Gangotri Iron


10.54 | 0 komentar | Read More

Premier Explosives: Updates on fire at Sriharikota store on Nov 14

Nov 19, 2013, 09.19 AM IST

Premier Explosives Ltd has informed that there was a fire on November 14, 2013 in engineering spares store at Sriharikota. The fire has resulted in damage of stock of spares and other items required in the Operations and maintenance services. The store was fully insured.

Like this story, share it with millions of investors on M3

Premier Explosives: Updates on fire at Sriharikota store on Nov 14

Premier Explosives Ltd has informed that there was a fire on November 14, 2013 in engineering spares store at Sriharikota. The fire has resulted in damage of stock of spares and other items required in the Operations and maintenance services. The store was fully insured.

Like this story, share it with millions of investors on M3

Premier Explosives: Updates on fire at Sriharikota store on Nov 14

Premier Explosives Ltd has informed that there was a fire on November 14, 2013 in engineering spares store at Sriharikota. The fire has resulted in damage of stock of spares and other items required in the Operations and maintenance services. The store was fully insured.

Comments (1)   .   Share  .  Email  .  Print  .  A+A-
Premier Explosives Ltd has informed BSE that there was a fire on November 14, 2013 in engineering spares store at Sriharikota. The fire has resulted in damage of stock of spares and other items required in the Operations and maintenance services. The store was fully insured.Source : BSE

Read all announcements in Premier Explo

Action in Premier Explosives


10.54 | 0 komentar | Read More

FO cues: Nifty 6300 Call adds 3.6 lakh shares in OI

Written By Unknown on Senin, 18 November 2013 | 10.54

Nov 18, 2013, 09.17 AM IST

F&O cues: Nifty 6300 Call added 3.6 lakh shares in Open Interest and Nifty 6000 Put added 1.7 lakh shares in Open Interest on Thursday.

Like this story, share it with millions of investors on M3

F&O cues: Nifty 6300 Call adds 3.6 lakh shares in OI

F&O cues: Nifty 6300 Call added 3.6 lakh shares in Open Interest and Nifty 6000 Put added 1.7 lakh shares in Open Interest on Thursday.

Like this story, share it with millions of investors on M3

F&O cues: Nifty 6300 Call adds 3.6 lakh shares in OI

F&O cues: Nifty 6300 Call added 3.6 lakh shares in Open Interest and Nifty 6000 Put added 1.7 lakh shares in Open Interest on Thursday.

Share  .  Email  .  Print  .  A+A-
NSE F&O cues

-Nifty Put-Call ratio (PCR) fell to 0.95 from 0.96 on Thursday
-India VIX closed at 19.26, down by 5.82 percent
-November Bank Nifty Future shed 1.7 lakh shares in Open Interest (OI)
-November Nifty Future shed 9.3 lakh shares in OI
-Nifty Options suggest market range of 6000-6300
-Total Puts added 2.2 lakh shares in Open Interest
-Total Calls added 7.5 lakh shares in Open Interest
-Nifty 6300 Call added 3.6 lakh shares in Open Interest
-Nifty 6000 Put added 1.7 lakh shares in Open Interest
-Nifty 6100 Call added 2.9 lakh shares in Open Interest
-Nifty 6400 Call added 2.1 lakh shares in Open Interest
-Nifty 6000 Call shed 2.9 lakh shares in Open Interest
-Nifty 6100 Put added 1.4 lakh shares in Open Interest
-Nifty 5900 Put added 1 lakh shares in Open Interest



10.54 | 0 komentar | Read More

BSE Sensex up over 200 pts; HDFC Bank, SBI, Infosys gainers

09:15

Moneycontrol Bureau
Live Market Commentary 

The market has kick-started the week on a strong note. The Sensex is up 189.46 points or at 20588.88, and the Nifty is up 58.15 points at 6114.30.
About 321 shares have advanced, 68 shares declined, and 14 shares are unchanged.

The rupee breached the 63-mark in early trade on Monday to open at 62.85 per dollar, up 26 paise from Thursday's closing of 63.11 per dollar.

Agam Gupta of Standard Chartered feels dollar-rupee should open lower at 62.90-62.95/USD. "There has been some dollar weakness since India market close on Thursday. This will cause the sentiment to be slightly rupee positive," he adds.

According to him, the range for the day is seen between 62.75-63.25/USD.



10.54 | 0 komentar | Read More

NSE Fin Wiz at Welspun Energy

Written By Unknown on Minggu, 17 November 2013 | 10.54

Nov 16, 2013, 04.14 PM IST

Welspun Energy is a part of the Welspun Group. NSE Fin Wiz visited the company to gauge thoughts and notions of young professionals of the organization to understand their approach towards investments and financial planning.

Like this story, share it with millions of investors on M3

NSE Fin Wiz at Welspun Energy

Welspun Energy is a part of the Welspun Group. NSE Fin Wiz visited the company to gauge thoughts and notions of young professionals of the organization to understand their approach towards investments and financial planning.

Like this story, share it with millions of investors on M3

NSE Fin Wiz at Welspun Energy

Welspun Energy is a part of the Welspun Group. NSE Fin Wiz visited the company to gauge thoughts and notions of young professionals of the organization to understand their approach towards investments and financial planning.

Share  .  Email  .  Print  .  A+A-

Welspun Energy is a part of the Welspun Group. NSE Fin Wiz visited the company to gauge thoughts and notions of young professionals of the organization to understand their approach towards investments and financial planning.


10.54 | 0 komentar | Read More

VMware IT Excellence Awards

Nov 16, 2013, 05.11 PM IST

VMware forum had IT professionals from across the industry discuss and deliberate on transforming the IT infrastructure.

Like this story, share it with millions of investors on M3

VMware IT Excellence Awards

VMware forum had IT professionals from across the industry discuss and deliberate on transforming the IT infrastructure.

Like this story, share it with millions of investors on M3

VMware IT Excellence Awards

VMware forum had IT professionals from across the industry discuss and deliberate on transforming the IT infrastructure.

Share  .  Email  .  Print  .  A+A-

VMware forum had IT professionals from across the industry discuss and deliberate on transforming the IT infrastructure.


10.54 | 0 komentar | Read More

Coffee crop in Karnataka’s major districts is going through a difficult phase

Written By Unknown on Sabtu, 16 November 2013 | 10.54

Nov 16, 2013, 09.00 AM IST

Coffee crop in Karnataka's major districts is going through a difficult phase with heavy debts, rampant pests and diseases such as coffee berry borer, white ...

Source: Skymetweather.com

Like this story, share it with millions of investors on M3

Coffee crop in Karnataka's major districts is going through a difficult phase

Coffee crop in Karnataka's major districts is going through a difficult phase with heavy debts, rampant pests and diseases such as coffee berry borer, white ...

Like this story, share it with millions of investors on M3

Coffee crop in Karnataka's major districts is going through a difficult phase

Coffee crop in Karnataka's major districts is going through a difficult phase with heavy debts, rampant pests and diseases such as coffee berry borer, white ...

Share  .  Email  .  Print  .  A+A-
Coffee crop in Karnataka's major districts is going through a difficult phase with heavy debts, rampant pests and diseases such as coffee berry borer, white stem borer and leaf rust, shortage and high cost of fertilizers and high input costs along with unpredictable weather conditions; all of which have resulted in significant crop loss.By: Skymetweather.com

10.54 | 0 komentar | Read More

Dow, SP close at new highs; Exxon Mobil leads Dow

The Dow and the S&P 500 hit new highs on Friday for a sixth straight week of gains, as investors continued to take cues from Federal Reserve Chair nominee Janet Yellen, who told a Senate Committee it was too early to end the central bank's stimulus.

Shares of Exxon Mobil Corp led the blue chip Dow index higher. They rose 2.2 percent to USD 95.27 a day after Warren Buffett's Berkshire Hathaway Inc disclosed a new USD 3.45 billion stake in the second-largest US company by market value, behind only Apple Inc.

Both the S&P and Dow capped a fourth straight day of gains and the S&P 500 finished within two points of 1,800, as investor confidence in the market remained high.

"I think there is a general expectation that the market is going to continue to rally for the rest of the year," said Brad McMillan, chief investment officer for Commonwealth Financial, based in Waltham, Massachusetts.

"Retail investors are starting to move back in and I think that's providing a fair amount of support."

Toward the end of the year, fund managers who are trailing their benchmarks may help boost stocks as they chase performance.

"I think it's going to be a slow grind up," said Dan Veru, chief investment officer at Palisade Capital Management, adding that the only thing "that can derail this is some exogenous macroeconomic event that comes out of nowhere."

The Dow Jones industrial average was up 85.48 points, or 0.54 percent, at 15,961.70. The Standard & Poor's 500 Index was up 7.56 points, or 0.42 percent, at 1,798.18. The Nasdaq Composite Index was up 13.23 points, or 0.33 percent, at 3,985.97.

A number of big hedge funds disclosed they took positions in ailing department store J.C. Penney Co , sending its shares up 3.9 percent to $9.03.

FedEx Corp shares added 1.6 percent to $138.65 after filings showed Daniel Loeb's Third Point LLC, George Soros' Soros Fund Management LLC and John Paulson's Paulson & Co all took stakes in the company.

Shares of Electronic Arts Inc fell 7.3 percent to $24.06 a share. Omega Advisors, owned by billionaire Leon Cooperman, said in a Thursday filing it had dissolved its stake of 750,000 shares in the video game publisher.

InterCloud Systems Inc shares surged 271 percent to $9.46 after the cloud computing and consulting services company said its quarterly revenue rose five-fold to $16.2 million.

Data showed New York state's manufacturing sector unexpectedly shrank this month while U.S. industrial production fell in October as output at power plants and mines declined.

(Editing by Bernadette Baum and Nick Zieminski)



10.54 | 0 komentar | Read More

Nikkei hits 6-mth high, heads for best weekly rise in 4 yrs

Written By Unknown on Jumat, 15 November 2013 | 10.55

Japan's Nikkei average surged above the 15,000-mark for the first time in six months on Friday, as strong quarterly earnings buoyed financials while exporters took advantage of the yen's slide to a two-month low against the dollar.

Consensus-beating results or upgrade in earnings guidance helped lift shares in Mitsubishi UFJ Financial Group 0.9 percent, Mizuho Financial Group 1.9 percent and Dai-ichi Life Insurance Co Ltd 3.4 percent.

Mitsubishi UFJ was the fifth-most traded stock on the main board by turnover.

Insurer T&D Holdings Inc gained 2.4 percent as investors bet the financial firm to raise its annual net profit guidance after its six-month earnings reached 62 percent of its full-year target.

The Nikkei advanced 1.1 percent at 15,038.43. It was up 6.7 percent this week, on track for its best weekly performance since December 2009.

"Cash hasn't been that active. Volumes are up but a lot of that is in exchange traded funds," a Tokyo-based senior trader at a European bank said.

Nomura NF Nikkei Avg Leverage Index Link EFT , up 2.1 percent, was the most traded security on the main board.

"People are buying high-beta stuff like Nomura and Daiwa Securities ," the trader added.

Nomura Holdings, Japan's top brokerage, jumped 3.5 percent and was the second-most traded.

YEN PLAYS

Currency-sensitive exporters were also in demand after the yen slid to a two-month low of 100.27 to the dollar. A risk-on mood in global markets weighed on the safe-haven yen, which was also hit on Thursday by Finance Minister Taro Aso's remarks that Tokyo must retain currency intervention as a policy tool.

Toyota Motor Corp added 1 percent, Sony Corp rose 3.8 percent and Canon Inc strengthened 1.3 percent.

The benchmark Nikkei has risen 45 percent so far this year and the yen has fallen 15 percent, driven by Prime Minister Shinzo Abe's massive fiscal and monetary stimulus.

But the Nikkei rally -- the best among major developed markets -- has stalled after hitting a 5-1/2 year peak in May as investors were concerned that the promise of structural reform by Abe would fall short of expectations.

Still, the stimulus has been a powerful antidote to help Japan Inc pull out of years of slumber, hurt by the strong yen, a depressed economy and rising competitions from South Korea and China.

Of the 157 Nikkei companies that have so far reported quarterly earnings, two-third of them either beat or met market expectations, according to Thomson Reuters StarMine. That compared with 44 percent in the three-month period a year ago.

Despite the improvements in earnings, a Reuters survey showed Japanese companies remain cautious about boosting wages or investment -- elements that are key for securing a sustainable recovery.

The broader Topix index gained 1 percent to 1,231.15 on Friday morning, with volume at 28 percent of full daily average for the past 90 trading days.



10.55 | 0 komentar | Read More

Japanese shares lead Asia rally as Yellen effect holds sway

Asian share markets rallied on Friday as investors took comfort in the prospect of extended US monetary stimulus, while a falling yen had Japanese stocks gunning for their biggest weekly increase in almost four years.

The Nikkei jumped 1.8 percent early Friday to bring its gains for the week so far to a heady 7.5 percent, its best performance since December 2009. It also cracked major chart resistance around 15,000, which opened the way for a return to the May peak at 15,942.60.

Markets across the region joined the celebration, first sparked by a dovish slant on policy from presumptive head of the Federal Reserve, Janet Yellen.

"The market is flourishing from a 'Yellen effect', soothing worries about liquidity to bring back foreign inflows," said Kim Hak-gyun, a market analyst at KDB Daewoo Securities.

Seoul's KOSPI climbed 1.9 percent and was on track for its largest gain in four months. Shares in Shanghai rose 1.9 percent, while Australia added 0.8 percent.

MSCI's broadest index of Asia-Pacific shares sped ahead by 1.1 percent for a second day of gains.

Wall Street reached record highs on Thursday after Yellen robustly defended the central bank's bold steps to spur economic growth, calling efforts to boost hiring an "imperative" at a hearing into her nomination.

The Dow ended 0.35 percent higher, while the S&P 500 gained 0.48 percent. The Nasdaq was restrained by Cisco Systems Inc after disappointing results knocked 10 percent off its share value.

"Yellen still believes the benefits of QE outweigh the costs-- a little tidbit that could have been the most important thing she said market-wise," said William O'Donnell, chief US government bond strategist at RBS Securities in Stamford, Connecticut.

"She did not strike me, or our economics squad, as somebody ready to roll back on QE3 and that even another 200,000-plus print in the next nonfarm payroll number may not sway her."

One result is that the Fed finally seems to be convincing markets that even if it does taper, an actual increase in the official funds rate will still be distant. Short-term debt markets rallied hard as investors pushed the timing of the first hike far into the future.

LOW FOR LONGER

Indeed, there has been a radical reappraisal on the outlook for tightening since the Fed skipped a chance to start tapering in September. Back then futures on the Fed funds rate had implied a first hike in late 2014. Now a move to 0.5 percent is not fully priced in until November 2015.

In just the past couple of days Eurodollar futures have rallied so sharply that they now predict the cost of borrowing dollars will stay near zero out to 2016.

That in turn has helped drag down Treasury yields, with rates on two-year notes at just 29 basis points compared to a peak of 54 in early September.

For once the decline in yields did not trouble the US dollar too much, in part because rates in Europe were falling even more following another disappointing economic report.

Data showed the euro zone only just emerged from recession in the third quarter with growth of a miserly 0.1 percent as France contracted.

The euro was off at USD 1.3450 after getting as high as USD 1.3497 on Thursday.

Neither were there any signs the Bank of Japan would be diverted from its massive stimulus efforts with data showing the economy slowed markedly last quarter as consumers and businesses proved reluctant to spend.

Yen bears also got traction on Thursday after Finance Minister Taro Aso told a parliamentary committee Japan must retain currency intervention as a policy tool.

The dollar has been making steady gains on the yen for three weeks now to finally breach the 100.00 barrier. It was now enjoying the view at 100.27 yen, having bounced from a low of 99.11 on Thursday.

In commodity markets, Brent crude oil rose a third straight on worries about crude supply disruptions in Libya, while gold drew some comfort from the prospect of continued US stimulus.

Brent for December delivery was up 8 cents at USD 108.36 a barrel, while US crude added 39 cents to USD 94.15. Spot gold edged up to USD 1,289.16 an ounce and away from the week's trough of USD 1,260.89.



10.55 | 0 komentar | Read More

Future Consumer Enterprise acquires 100% of Future Agrovet

Written By Unknown on Kamis, 14 November 2013 | 10.54

Nov 14, 2013, 09.17 AM IST

Future Consumer Enterprise has acquired 100 percent equity share capital of Future Agrovet, from Future Retail and other shareholders.

Like this story, share it with millions of investors on M3

Future Consumer Enterprise acquires 100% of Future Agrovet

Future Consumer Enterprise has acquired 100 percent equity share capital of Future Agrovet, from Future Retail and other shareholders.

Like this story, share it with millions of investors on M3

Future Consumer Enterprise acquires 100% of Future Agrovet

Future Consumer Enterprise has acquired 100 percent equity share capital of Future Agrovet, from Future Retail and other shareholders.

Comments (1)   .   Share  .  Email  .  Print  .  A+A-
Future Consumer Enterprise Ltd has informed BSE that the Company has acquired 100% shareholding in Future Agrovet Ltd.The Company has submitted to BSE the details in respect of aforesaid acquisition.Source : BSE

Read all announcements in Future Consumer

To read the full report click here

Action in Future Consumer Enterprise


10.54 | 0 komentar | Read More

Abenomics at one year: growth to slow as challenges mount

Japan's economy has improved dramatically since November 14, 2012, when Abe's unpopular predecessor, Toshihiko Noda, announced snap elections. That vaulted Abe into pole position and prompted investors to price in the effects of his promises of massive govt debt purchases by central bank & hefty govt spending.

A year after Prime Minister Shinzo Abe took financial markets by storm with promises to end two decades of deflation and tepid growth, the economy is expected to slow sharply, highlighting the challenges facing "Abenomics" in ensuring a durable recovery.

Also Read: Verdict on Abenomics, one year on

Growth in the world's third-biggest economy decelerated in the third quarter after leading the Group of Seven industrial powers in the first half of the year, as capital spending, personal consumption and exports moderated, a Reuters survey indicates.

Gross domestic product data at 8:50 am on Thursday (2350 GMT on Wednesday) is set to highlight the early successes of Abe's aggressive monetary and fiscal easing in buoying exports and consumer spending.

But it will also underscore the difficulties of translating the feel-good factor surrounding these successes into increases in business investment or higher wages, which would indicate corporate Japan sees a longer-term pick up in the economy.

GDP expanded at an annualised clip of 1.6 percent in the July-September quarter, the Reuters survey of economists shows, a reasonable showing but well below the April-June rate of 2.6 percent and the first quarter's 3.8 percent.

Japan's economy has improved dramatically since November 14, 2012, when Abe's unpopular predecessor, Toshihiko Noda, announced snap elections. That vaulted Abe into pole position and prompted investors to price in the effects of his promises of massive government debt purchases by the central bank, hefty government spending and steps to bolster longer-term growth.

Tokyo shares are up 68 percent in that 12 months and the yen has slid 19 percent, helping Japan's exporters and creating a wealth effect that has altered domestic and global psychology about Japan.

But those market gains essentially stalled in May, and scepticism is growing that Abe can deliver the tough decisions that would set Japan's economy on a more sustainable growth path; for example, by letting companies fire workers more freely to open up a new dynamism in the sclerotic labour market.

Growth will quickly rebound as shoppers rush to spend before a national sales tax is increased to 8 percent from 5 percent in April, economists say. But Abenomics is struggling to gain traction on key areas that would indicate longer-lasting changes to the economy, such as capital spending and wage growth.

Core machinery orders, a key predictor of spending on factories, equipment and software, fell more than expected in September, data showed on Wednesday. A Bank of Japan (BOJ) policymaker warned of headwinds from soft overseas growth, underscoring the challenges facing Abenomics.


10.54 | 0 komentar | Read More

Bull's Eye: Buy Bata, Tata Global; sell Andhra Bank

Written By Unknown on Rabu, 13 November 2013 | 10.54

Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.

Remember these are midcap ideas not just for the day, but stocks that look attractive in the medium-term as well.

This week Vishal Malkan of malkansview.com, Lancelot D Cunha of ITI Wealth Management and technical analyst & trader Rakesh Gandhi battle it out for top honours.

Vishal Malkan of malkansview.com

Sell  Aditya Birla Nuvo November future with a stoploss at Rs 1195 and for a target price of Rs 1140

Sell  JSW Steel November future with a stoploss at Rs 850 and for a target price of Rs 820

Buy  Bata India with a stoploss at Rs 945 and for a target price of Rs 990

Buy  Havells with a stoploss at Rs 730 and for a target price of Rs 765

Disclaimer: He doesn't hold stocks discussed but may have recommended them to clients.

Lancelot D Cunha of ITI Wealth Management

Buy  Torrent Power for a target price of Rs 103.50 and keep a stoploss at Rs 94.05

Buy  Tata Global Beverage for a target price of Rs 159.50 and keep a stoploss at Rs 150.05

Buy  Aurobindo Pharma for a target price of Rs 274.90 and keep a stoploss at Rs 265.10

Disclaimer: He doesn't hold stocks discussed but may have recommended them to clients.



10.54 | 0 komentar | Read More

Pidilite Industries incorporates a subsidiary

Nov 13, 2013, 09.16 AM IST

Pidilite Industries has on November 11, 2013 incorporated a subsidiary Company in the name of

Like this story, share it with millions of investors on M3

Pidilite Industries incorporates a subsidiary

Pidilite Industries has on November 11, 2013 incorporated a subsidiary Company in the name of

Like this story, share it with millions of investors on M3

Pidilite Industries incorporates a subsidiary

Pidilite Industries has on November 11, 2013 incorporated a subsidiary Company in the name of

Comments (1)   .   Share  .  Email  .  Print  .  A+A-
Pidilite Industries Ltd has informed BSE that the Company has on November 11, 2013 incorporated a subsidiary Company in the name of "PERCEPT WATERPROOFING SERVICES LIMITED" for the purpose of carrying on business of services relating to waterproofing including consultancy and project based services etc.Source : BSE

Read all announcements in Pidilite Ind

Action in Pidilite Industries


10.54 | 0 komentar | Read More

Omax Autos: Outcome of board meeting

Written By Unknown on Selasa, 12 November 2013 | 10.54

Nov 12, 2013, 09.11 AM IST

Omax Autos at its meeting held on November 11, 2013, has considered, decided and noted upon the Wage Agreement entered with the Workers of the Manesar Unit and Management of the Company.

Like this story, share it with millions of investors on M3

Omax Autos: Outcome of board meeting

Omax Autos at its meeting held on November 11, 2013, has considered, decided and noted upon the Wage Agreement entered with the Workers of the Manesar Unit and Management of the Company.

Like this story, share it with millions of investors on M3

Omax Autos: Outcome of board meeting

Omax Autos at its meeting held on November 11, 2013, has considered, decided and noted upon the Wage Agreement entered with the Workers of the Manesar Unit and Management of the Company.

Comments (1)   .   Share  .  Email  .  Print  .  A+A-
Omax Autos Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 11, 2013, inter alia, has considered, decided and noted upon the Wage Agreement entered with the Workers of the Manesar Unit and Management of the Company.Source : BSE

Read all announcements in Omax Autos


10.54 | 0 komentar | Read More

FIIs may invest upto $5bn in credit enhanced bonds: RBI

In a bid to attract capital inflows, the RBI on Monday allowed Sebi-registered foreign institutional investors (FIIs) and qualified foreign investors (QFIs) to invest in the credit enhanced bonds up to a limit of USD 5 billion.

These investments would be within the overall limit of USD 51 billion earmarked for corporate debt, RBI said.

Also Read: Trade deficit 50% of Oct last year; good for Re: Dy RBI Guv

The opportunity has been also been extended to long term investors registered with Sebi - Sovereign Wealth Funds (SWFs), Multilateral Agencies, Pension/ Insurance/ Endowment Funds, Foreign Central Banks, the RBI said.

The present limits for investments by FIIs, QFIs and long term investors registered with Sebi in Government securities is USD 30 billion.

Capital inflows help the rupee gain against US dollar. The local currency today slipped to nearly two-month low level closing of 63.24, down 77 paise, against the dollar.

It started weakening since last week after the dollar purchase by oil companies was partly shifted to the market.

FIIs have pulled out Rs 2,916 crore from debt securities so far this month. They have withdrawn Rs 53,070 crore from the debt market since the beginning of year, shows Sebi data.

In June, the RBI said credit enhancement can be provided by eligible non-resident entities to the domestic debt raised through issue of INR bonds/ debentures by all borrowers eligible to raise ECB under the automatic route.

It was then also decided to reduce the minimum average maturity of the underlying debt instruments from seven years to three years, as per a RBI circular.



10.54 | 0 komentar | Read More

US seeks $864 mn from Bank of America after fraud verdict

Written By Unknown on Senin, 11 November 2013 | 10.54

The US government urged that Bank of America Corp pay USD 863.6 million in damages after a federal jury found it liable for fraud over defective mortgages sold by its Countrywide unit.

In a filing late Friday in the US District Court in Manhattan, the government also asked for penalties against Rebecca Mairone, a former midlevel executive at the bank's Countrywide unit who the jury also found liable, "commensurate with her ability to pay."

The government said the penalties were necessary to punish the bank and Mairone "and to send a clear and unambiguous message that mortgage fraud for profit will not be tolerated."

Bank of America and Mairone were each found liable for defrauding government-controlled mortgage companies Fannie Mae and Freddie Mac through the sale of shoddy loans purchased from Countrywide in 2007 and 2008.

The case centered on a mortgage lending process at Countrywide, which Bank of America bought in July 2008, known as the "High Speed Swim Lane," or alternatively "HSSL" or "Hustle."

The government said Countrywide's program emphasized and rewarded employees for the quantity rather than the quality of loans produced, and eliminated checkpoints designed to ensure that loans were sound.

The penalties the government requested are slightly higher than the amount lawyers in the office of Manhattan US Attorney Preet Bharara had previously indicated they would seek, USD 848.2 million. The amount is based on the gross loss Fannie Mae and Freddie Mac incurred on the HSSL loans, the government said.

Bank of America, the second-largest US bank, has previously said it is evaluating its options for appeal. It is scheduled to respond to the government's penalty request by November 20.

"We believe the filing overstates the volume of loans and the appropriate measure of damages arising from one narrow Countrywide program that lasted several months and ended before Bank of America acquired the company," Lawrence Grayson, a spokesman for the bank, said Saturday.

In its filing, the government did not said it was holding off on recommending an amount to penalize Mairone until after it analyzed a financial disclosure form she provided Friday. The government also raised the question of whether Bank of America may indemnify her for the penalty.

Mairone joined JPMorgan Chase & Co. after leaving the bank. Her lawyer did not immediately respond to a request for comment Saturday.

Penalties will be assessed by US District Judge Jed Rakoff, who presided over the four-week trial in Manhattan.

The October 23 verdict was a major victory for the US Department of Justice, which along with other regulators has been criticized by investors, politicians and others for failing to hold banks and individuals accountable for their roles in events leading up to the 2008 financial crisis.

Bank of America paid USD 2.5 billion for Countrywide, but analysts have said that acquisition has since cost the Charlotte, North Carolina-based bank tens of billions of dollars for litigation, loan repurchases and writedowns.

In October, Bank of America disclosed that staff of an unspecified US Attorney's office plan to recommend that the Justice Department file a civil action against the bank related to the securitization of mortgages.

And in August, the government filed two civil lawsuits in North Carolina accusing the bank of understating the risks of about USD 850 million of mortgage securities. The bank moved to dismiss those case Friday.

The Hustle case, like some other financial crisis cases recently pursued by the government, was brought under the Financial Institutions Reform, Recovery, and Enforcement Act, a law passed after the 1980s savings-and-loan scandals.

That law carries a lower burden of proof than criminal cases, and a 10-year statute of limitations in which to bring cases, twice as long as in typical securities fraud cases.

The case is US ex rel O'Donnell v. Bank of America Corp et al, US District Court, Southern District of New York, No. 12-01422.



10.54 | 0 komentar | Read More

Bull's Eye: Buy Arvind, Aurobindo, Tata Motors, Hexaware

Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.

Remember these are midcap ideas not just for the day, but stocks that look attractive in the medium-term as well.

This week Vishal Malkan of malkansview.com, Lancelot D Cunha of ITI Wealth Management and technical analyst & trader Rakesh Gandhi battle it out for top honours.

Vishal Malkan of malkansview.com

Buy  Arvind with a stoploss at Rs 111 and for a target price of Rs 119

Buy  Century Textiles with a stoploss at Rs 288 and for a target price of Rs 300

Buy  Hexaware Technologies with a stoploss at Rs 132 and for a target price of Rs 140

Buy  Rural Electrification Corporation with a stoploss at Rs 205 and for a target price of Rs 214

Disclaimer: He doesn't hold stocks discussed but may have recommended them to clients.

Lancelot D Cunha of ITI Wealth Management

Buy  UPL for a target price of Rs 171.50 and keep a stoploss at Rs 65.10

Buy  Aurobindo Pharma for a target price of Rs 267.50 and keep a stoploss at Rs 254.10

Buy  Sun Pharma Advanced Research Company for a target price of Rs 147.50 and keep a stoploss at Rs 141.10

Sell  Titan Industries for a target price of Rs 226 and keep a stoploss at Rs 239

Disclaimer: He doesn't hold stocks discussed but may have recommended them to clients.



10.54 | 0 komentar | Read More

Mkt may see correction ahead: Sushil Kedia

Written By Unknown on Minggu, 10 November 2013 | 10.54

Sushil Kedia of CIMB, in an interview to CNBC-TV18, presents a technical perspective on the markets going forward.

Also read: Current situation worse than that in 2008: Marc Faber

Below is the edited transcript of his interview to CNBC-TV18.

Q: This week was a bit of a tough week. We had a couple of choppy days and the markets closed at the lowest point everyday. How would you approach the next week? Do you think this choppiness or volatility could continue?

Kedia: I am not looking merely at choppiness. There is a firm sign of a clear top coming in. I have been talking toppish for almost 5-6 weeks the day the new RBI governor made his maiden speech market had made a high of 6174 since then we dropped out 400 points. We then rose 600 points from those lows and we have come back to close roughly where the first speech from the RBI governor came.

In about 6-7 weeks, net-net Nifty has really not moved in that net change sense but a lot of things on the internals have changed.

A major risk off season is going to return upon us; the winter of risk off. I have been a little early in calling the markets top; it may have topped right now.

Q: You have been calling for a steep correction in US markets. When do you see that playing out? What kind of correlation will other asset classes like the dollar and in turn Indian equity markets have if that steep correction plays out?

Kedia: The call for a correction has been getting constantly signalled from the charts when you are anticipating. You are calling for a trend reversal which is not yet in place, the risk of getting whipsawed a few times, the risk of having to hit stops will be in place, but from the several US indices the one that has clearly made a reversal is the Nasdaq 100.

Nasdaq 100 given its nature is high-beta, there are a couple of interesting insights. While the ratio chart of Nasdaq 100 to S&P 500 has constantly been rising since the lows of 2001 when Nasdaq 100 collapsed, this 12-year outperformance of Nasdaq 100 is almost about getting over.

It is not just that index is stopped out, its outperformance too is. When I also ran a ratio chart between Nasdaq 100 and the CNX-IT, the kind of 10 percent additional upmove the CNX-IT made since I stuck my neck out that this index is topping out; even though it happened in fairly volatile fashion.

Not just trying to hang onto a view that has so far been a loser in last one month, but the CNX-IT has had underperformed the Nasdaq 100.

Going forward, if my thesis comes right on a winter of risk-off and pretty much everything in the world will go down except for the US dollar, then who knows aversion to investment in IT stocks may combine that with equity beta. The CNX-IT has a far strong beta with the Nifty index than with the INR-USD. That was one way to correlate the US market.

Another way is the US equity markets are the last ones to move in short-term trading cycles. Korea has made a clear-cut top out. Last three weeks, basic technical analysts will tell you that market is no longer bullish; it has definitely reversed. China was not bullish.

You do not count Japan really in Asia, but Japan is inside a fulcrum. It is going to breakout either ways. I am tipping my head. It is not going to breakout upwards. So while the US markets kept on alluding a sense of strength there has been a distribution going on elsewhere.

It looks like once these markets top out, the complacency that is going up will be abandoned very rapidly.

Disclaimer: The above views are the personal analysis of Sushil Kedia, President ATMA and do not  reflect any opinion of ATMA

To know more about ATMA, please visit http://www.atma-india.net/



10.54 | 0 komentar | Read More
techieblogger.com Techie Blogger Techie Blogger