Market Roundup – Nov 2011 : Market Roundup – Nov 2011 SENSEX – 15695 NIFTY – 4707 www.wealthbull.com We're still in a recession. We're not gonna be out of it for a while, but we will get out. – Warren Buffett
PowerPoint Presentation : SENSEX – 1 MONTH www.wealthbull.com
PowerPoint Presentation : NIFTY – 1 MONTH www.wealthbull.com
PowerPoint Presentation : Citing uncertainty over the country's ability to meet 'austerity' targets and its rising susceptibility to external shocks - given its heavy reliance on external investors - Moody's just downgraded Hungary to Junk Ba1 (with a negative outlook) . We are losing track, which European countries are junk now? Host of countries like Greece, Portugal, Estonia, Belarus, Hungary, Ireland, Italy, Iceland, Moldova, Albania, Spain and Ukraine are junked. www.wealthbull.com Hungary Junked
PowerPoint Presentation : Sheth , a New York-based vice president and senior analyst at Moody's Investors Service said in a media interview recently that Moody's is unlikely to change its rating outlook on India for now, though the extent of the increase in the government's borrowing target is a surprise. The possibility of fiscal slippage is, however, already factored into the sovereign rating, Sheth said. www.wealthbull.com India
PowerPoint Presentation : Data showing heavy selling by foreign funds recently weighed on sentiment. Foreign institutional investors (FIIs) sold shares worth a massive Rs 1636.08 crore in a single trading session on 24 November 2011, as per the provisional data from the stock exchanges. Their outflow totaled Rs 6483.66 crore in eight trading session from 15 to 24 November 2011, as per data from the stock exchanges. www.wealthbull.com FII
PowerPoint Presentation : Currently, India allows 51% FDI in single brand retail and 100% FDI in cash and carry format of the business. The move to liberalize FDI norm in retails signals that the Indian government, after years of postponement over allowing greater foreign investment in several sectors, is now serious about attracting overseas funds. www.wealthbull.com FDI in Retail Sector
PowerPoint Presentation : The government is likely to allow up to 26% equity participation by foreign airlines in Indian carriers in a bid to further liberalize the aviation sector in the country and help the industry out of it present troubles. The Union Cabinet approved the long-awaited Companies Bill that will completely recast the key provisions of the decades-old Companies Act 1956. www.wealthbull.com FDI in Retail Sector
PowerPoint Presentation : The Securities and Exchange Board of India ( Sebi ) on Thursday, 24 November 2011, tightened rules governing the issuance of warrants allotted along with public and rights offerings in a bid to prevent their misuse. Sebi said it has decided to specify a maximum tenure of 12 months for such warrants. Currently, Sebi regulations for public and rights offerings don't specify any tenure for warrants. www.wealthbull.com SEBI
PowerPoint Presentation : The RBI eased rules on overseas borrowings by Indian firms. The RBI also noted that any funds raised through such overseas loans must be brought back into India immediately. The RBI also eased rules on currency swap hedges by companies. The central bank cut its GDP growth forecast for the current fiscal year through March 2012 to 7.6% from 8% earlier. www.wealthbull.com RBI
PowerPoint Presentation : HSBC's preliminary China manufacturing survey fell to a 32-month low in November 2011, with the reading signaling the sector is now contracting. The Purchasing Managers Index printed at 48 on a 100 point scale, reversing from a mildly expansionary reading of 51 in October, data showed on Wednesday, 23 November 2011. The index provides a non-government view on how China's economy is faring. www.wealthbull.com China
PowerPoint Presentation : The latest data showed that inflation remains uncomfortably high in India. Inflation, as measured by the wholesale price index (WPI), stood at 9.73% in October 2011, as against 9.72% in September 2011, the latest data showed. The annual inflation rate was at 9.08% during the corresponding month of the previous year. The government left unchanged inflation rate for August at 9.7%. www.wealthbull.com Inflation
PowerPoint Presentation : The rupee is now down more than 18.3 per cent in three-and-a-half months – from 44.07 against the dollar (11.998 against the dirham) on August 2, the rupee slumped to 52.22 on LAST Monday, its all-time low levels, beyond its previous lows of Rs52.20 against the US dollar made in March 12, 2009. Technically, if the rupee stays above the Rs 52 level against the US dollar for the next 2- 3 days then it would pave a way to a move up to Rs58 area. www.wealthbull.com Rupee
PowerPoint Presentation : Steel major Steel Authority of India (Sail) fell 3.36%, extending Wednesday's 5.2% losses triggered by MSCI removing the stock from MSCI India Index with effect from 1 December 2011 India's second largest software services exporter Infosys shed 0.91%, with the stock falling for the third straight day www.wealthbull.com Other News
PowerPoint Presentation : Spicejet rose 3.6 percent ahead of its quarterly results, and as investors in aviation stocks shifted from debt-laden Kingfisher Airways to the almost debt-free company. KFA lost more than 20% in short span of time and reached a multiyear low. Newly-appointed Tata Sons deputy chairman Cyrus P Mistry , who will succeed chairman Ratan Tata on his retirement next year. www.wealthbull.com Other News