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Date: 19/12/2013
Close all long positions; buy January puts: Sukhani
Technical analyst Sudarshan Sukhani advises traders to close all long positions.
Date: 19/12/2013
Mutual Funds soar led by positive market performance
Mutual Funds across domain advanced as market cheered RBI policy on Wednesday with the Sensex snapping six-day losing streak, rising more than a percent.
Date: 19/12/2013
Bullish on PSU banks, telecom, infra: Rel Caps Madhu Kela
Madhu Kela sees this market as a bottom-up one, in which investors will have to focus on companies. He expects economic growth to remain challenged and sees contracting balance sheets reflecting in weak growth for many companies.
Date: 19/12/2013
See 6400-6450 as next Nifty stop; buy cyclicals: Edelweiss
According to Ambareesh Baliga, if one is investing in market, at least in the short to medium-term look, buy sectors that will outperform and those outperforming sectors would be industrials, cyclicals.
Date: 19/12/2013
No case for asset reallocation, positive on EMs: Experts
Steve Brice, chief investment strategist, Standard Chartered Bank believes as long as the data coming out of the US continues to be strong, markets will take tapering in its stride.
Date: 19/12/2013
Dipan Mehta’s strategy to play pharma, exporters, IT now
Dipan Mehta is positive on the pharma industry given the pick up seen in the US. However, cautions that downside risk for some India pharma companies is the US FDA action.
Date: 19/12/2013
India to grow 4-4.25% in FY14; see rate hike in Jan: BNP
Richard Iley, Chief Asia Economist, BNP Paribas says if US fundamentals continue to gain strength and India's macro fundamentals remain as challenging and there is no breakout election result, whatever shape or form that takes, there will be risks to the downside for the equity market over the next six months or so.
Date: 19/12/2013
Fed tapers monthly bond purchases by USD10 billion, rates unchanged
Fed tapers monthly bond purchases by USD10 billion, rates unchanged
Date: 19/12/2013
U.S. stocks gains as Fed tapers with dovish language; Dow up 1.62%
U.S. stocks gains as Fed tapers with dovish language; Dow up 1.62%
Date: 19/12/2013
Dow, SP 500 end at record highs after Fed trims stimulus
Stocks extended losses just after the announcement, but quickly turned higher and began rallying. The day's move marked the biggest swing from the day's high to the low for the SP 500 in two years.
Date: 19/12/2013
Asian markets advance; Nikkei gains 1.6%, Hang Seng rises
Asian markets were trading higher on Thursday. Straits Times added 0.40 percent, Seoul Composite jumped 0.57 percent and Hang Seng rose 0.66 percent.
Date: 19/12/2013
Nikkei zooms 1.5% as Fed taper signals US economy strength
Japan's Nikkei share average jumped 1.5 percent on Thursday morning to within striking distance of its year high, as global equity markets took the glass half-full view after the U.S. Federal Reserve announced it would start to unwind its historic stimulus.
Date: 19/12/2013
Taper-lite signals Feds support to US economy: Experts
After an initial decline, equity markets rebounded, suggesting investors view the Fed's action as confirmation of improving economic fundamentals.
Date: 19/12/2013
Is inflation the hiding lion in the grass?
The US central bank on Wednesday started a long-awaited tapering of its asset-purchase program. It said it would cut its monthly stimulus by USD 10 billion to USD 75 billion from January and that interest rates would remain low for some time.
Date: 19/12/2013
World stocks rally on Fed decision to taper, bonds slip
Stocks on Wall Street rallied more than 1 percent on the surprise Fed announcement to cut by USD 10 billion a month its bond purchases to a monthly USD 75 billion, a decision that has dogged markets all year as the US central bank sent mixed signals.
Date: 19/12/2013
Nikkei hits highest closing level in 6 yrs on Fed tapering
Japanese equities were bolstered by a surge in the dollar/yen to over five-year highs in the wake of the Fed decision, underscoring the benefits of a weak currency for Japan's export-reliant economy.
Date: 19/12/2013
JSW Steels main plant battling iron ore shortage
Difficulty in sourcing iron ore has forced the company to go slow on plans to nearly triple annual capacity to 40 million tonnes in the next decade, which, along with ArcelorMittal SA and Posco recently pulling out of projects, could derail India's steel production ambitions.
Date: 19/12/2013
Making 20% profit margin in motorcycle biz: Eicher
The maker of Royal Enfield brand of bikes is aiming to produce 2.5 lakh motorcycles next year and expects the number to rise to five lakh over 3 years.
Date: 19/12/2013
Cabinet to consider interest-free loan to sugar mills
Pawar said earlier this month that the government was considering giving sugar mills as much as USD 1.17 billion in interest-free loans.
Date: 19/12/2013
Global migrants sending $500bn home: Pew Research data
A rising share of international migrants now live in high-income countries like the US and Germany, while a growing share of these migrants are born in middle-income nations such as India and Mexico, the study finds.
Date: 19/12/2013
Suzlon arm REpower bags 2 orders from wind farms in France
REpower Systems will supply 20 wind turbines with an output of 2.05 MW each.
Date: 19/12/2013
Persistent invests $250k in start-up via venture fund
As the demand trends for the IT industry looks strong, the company believes it can beat NASSCOM guidance for FY14.
Date: 19/12/2013
RBI policy: Rajan is making same mistakes as Subbarao
But far from raising repo rates to indicate a determination to douse those very "inflation(ary) expectations" he instead feeds the hope that things could better if we wait a while.
Date: 19/12/2013
India better prepared to deal with Fed tapering: FM
After agonising investors for months, the Fed decided on Wednesday to trim its bond buying by USD 10 billion to USD 75 billion a month as a modest step.
Date: 19/12/2013
India Capital Markets buys 17.87 lakh shares of Century Ply
On December 18, 2013 India Capital Markets Pvt Ltd bought 17,87,042 shares of Century Plyboards at Rs 26.40.
Date: 19/12/2013
Citigroup Global buys 35 lakh shares of Brigade Enterprises
On December 18, 2013 Citigroup Global Markets Mauritius Private Limited bought 35,10,000 shares of Brigade Enterprises at Rs 56.95 on the NSE.
Date: 19/12/2013
CPCI Mauritius buys 29.75 lakh shares of IndusInd Bank
On December 18, 2013 CPCI Mauritius Ltd bought 29,75,000 shares of IndusInd Bank.
Date: 19/12/2013
Morgan Stanley sells 5 lk shares of Speciality Restaurants
On December 18, 2013 Morgan Stanley Asia Singapore PTE sold 5,00,000 shares of Speciality Restaurants at Rs 123.
Date: 19/12/2013
BMF Investments sells 17 lakh shares of JK Paper
On December 18, 2013 BMF Investments Limited sold 17,00,000 shares of JK Paper at Rs 28.50.
Date: 19/12/2013
Srides Arcolab trips 60% as it trades ex-dividend
The pharmaceutical firm on December 10 approved dividend of Rs 500 apiece that will be paid on or after December 27, 2013. It fixed December 20 as the record date for determining the eligibility of shareholders for payment of special dividend.
Date: 19/12/2013
Power Grid falls 4% post FPO shares hit market
State-run electric utilities company's 78.7 crore shares follow-on public offer, which was opened for subscription during December 3-6, was subscribed nearly 7 times on large support from qualified institutional investors.
Date: 19/12/2013
Sell gold; buy crude copper: T Gnanasekar
In an interview to CNBC-TV18, T Gnanasekar, CommTrendz Research spoke about gold, crude and copper.
Date: 19/12/2013
Sell Power Grid 92.5 Put, 100 Call: Krish Subramanyam
According to Krish Subramanyam of Asit C Mehta Investment, one may sell Power Grid Corporation of India 92.5 Put and 100 Call.
Date: 19/12/2013
Buy Infosys 3500 Call, HCL Tech 1220 Call: Subramanyam
Krish Subramanyam of Asit C Mehta Investment recommends buying Infosys 3500 Call and HCL Technologies 1220 Call.
Date: 19/12/2013
Kailash Auto Finance to enter in partnership agreement
Kailash Auto Finance has agreed to enter into a partnership agreement in the name of Sukshetra Auto Finance at Vishakhapatnam to expand its auto finance business.
Date: 19/12/2013
MOL pigment expansion plant at Dahej-SEZ commences commercial production
Meghmani Organics (MOL) Pigment expansion Project situated at Plot No. Z 31 Z 32, Dahej SEZ Limited, Dahej, Bharuch has started Commercial Production of CPC Blue (Crude) - 600 Mt and Beta Blue - 300 Mt. per month from December 01, 2013.
Date: 19/12/2013
Electrosteel Steels: Updates on restructuring of debt under CDR
Electrosteel Steels has informed that the State Bank of India has advised the lenders with a copy to the Company dated December 18, 2013 that it has been decided to execute the CDR Related documents on December 21, 2013.
Date: 19/12/2013
Could this be the next big social networking site?
If you haven`t heard of it yet, you may need to listen in a little more closely as social media site Whisper.sh has exploded in the 18 months since its inception, now boasting three billion pageviews a month.
Date: 19/12/2013
Wockhardt: A shot in the arm
Wockhardt’s overseas holding arm, Wockhardt Bio AG got listed on Berne Stock Exchange in Switzerland. CNBC-TV18’s Ekta Batra gives the details.
Date: 19/12/2013
Persistent invests $250k in start-up via venture fund
As the demand trends for the IT industry looks strong, the company believes it can beat NASSCOM guidance for FY14.
Date: 19/12/2013
FO spotlight on Aurobindo Pharma Apollo Tyres
Why Aurobindo Pharma and Apollo Tyres have moved into Futures and Options (FO) ban. Nigel D’Souza gives the details.
Date: 19/12/2013
BlackBerrys CEO hires 2 more of his former colleagues
The pair are part of a growing cadre of familiar talent tapped by John Chen since he joined BlackBerry as CEO last month.
Date: 19/12/2013
Results of Underwriting Auctions
Results of Underwriting Auctions
Date: 19/12/2013
(ISC)2 Unveils First Office In India
New Mumbai office reinforces (ISC)2's commitment to providing international support to the growing membership in India.
Date: 19/12/2013
The Big Bang Soiree: Ushering in the New Year 2014
The burrp! New Year’s Eve 2014 Gig Guide is exploding with all the exciting things you can do on this one night of the year. The team at burrp! sifts through the lot to bring you a few that deserve your attention.
Date: 19/12/2013
Fed taper shifts debate to emerging mkt currencies
According to Callum Henderson, Standard Chartered Bank, the Asian and emerging market (EM) currencies are likely to be under pressure in the first half of 2014 whereas the developed market currencies will outperform, starting with the dollar.
Date: 19/12/2013
Sensex maintains southward journey; banks, cap goods dive
Foreign institutional investors have bought more than Rs 1.05 lakh crore worth of equity shares in India in 2013 so far.
Date: 19/12/2013
Sensex, Nifty decline; Kotak Mah slips 3%, HCL Tech up 4%
The rupee slipped in step with other Asian currencies as the Fed taper is seen as likely reducing the incremental flows into Asia. FIIs and PSU banks were seen buying dollars.
Date: 19/12/2013
Nifty holds 6150 amid pressure; Infosys, TCS, JSPL soar 2%
Share of ICICI Bank, HDFC, Larsen and Toubro, State Bank of India, ONGC and Bharti Airtel dropped 2-3 percent while Infosys, TCS, Jindal Steel and Sun Pharma gained 2 percent each.
Date: 19/12/2013
Sensex trips post central banks outcome; IT, metals shine
The losers are financials, FMCG, oil gas, capital goods, realty and telecom stocks while technology and metal stocks see buying interest.
Date: 19/12/2013
Sensex weakens further; LT, ICICI Bank, HDFC slip 2%
Nomura says, "Lupin has one of the best US generics pipeline that can present upside risk to estimates. This has been a key argument for positive view on the stock."
Date: 19/12/2013
Rupee gains; state-run, foreign banks sell dollars
Reuters Market Eye - The rupee is off lows, which dealers attribute to dollar selling from state-run, foreign banks. The rupee is at 62.27/28, down from an intraday low of 62.48. The unit had closed at 62.09/10 on Wednesday.






Date: 19/12/2013
Wockhardt surges on listing of unit in Europe
Reuters Market Eye - Shares in Wockhardt Ltd rise 6 percent, heading towards their third consecutive day of gains, ahead of the listing of unit Wockhardt Bio AG on the Berne Stock Exchange in Switzerland later in the day.






Date: 19/12/2013
NSEs volatility index near seven-month low
Reuters Market Eye - NSE's volatility index, or the domestic equivalent of the VIX fear gauge, marked its lowest level since May 7 after the RBI kept interest rate unchanged in its policy review.






Date: 19/12/2013
Nikkei hits highest closing level in six years on Fed tapering
- Japan's Nikkei share average rose to its highest close in six years on Thursday on the back of a big drop in the yen after the U.S. Federal Reserve announced it would start unwinding its historic stimulus.






Date: 19/12/2013
BSE Sensex falls over 150 points as Fed starts tapering
Reuters Market Eye - The BSE Sensex falls after the U.S. Federal Reserve announces the start of its tapering, raising some concerns about foreign investor sales. The BSE Sensex was down 0.73 percent and Nifty fell 0.79 percent at 11.53 am.






Date: 19/12/2013
Asian shares up as Fed draws tapers sting
- Asian share markets rose on Thursday after the Federal Reserve drew the sting from tapering its stimulus by recommitting to low interest rates, leaving Wall Street at record heights and the dollar galloping above 104.00 yen for the first time since 2008.






Date: 19/12/2013
India better prepared to deal with Fed tapering - Chidambaram
- India is better prepared to deal with any consequences of the U.S. Federal Reserve's move to reduce monetary stimulus, Finance Minister P. Chidambaram said in a statement on Thursday, that has supported inflows of cash to emerging markets.






Date: 19/12/2013
Power Grid slumps; shares from sale start trading
Reuters Market Eye - Shares in Power Grid Corp of India Ltd slump 3.5 percent as the 700 billion rupees of shares it recently sold became eligible to trade on Thursday.






Date: 19/12/2013
Cabinet to consider interest-free loan to sugar mills on Thursday
- The cabinet will consider interest-free loan to sugar mills on Thursday, Farm Minister Sharad Pawar said, to help mills pay government-set rates to cane growers at a time when sugar prices have fallen.






Date: 19/12/2013
Nikkei rises 1.5 percent as Feds taper signals confidence in U.S. economy
- Japan's Nikkei share average jumped 1.5 percent on Thursday morning to within striking distance of its year high, as global equity markets took the glass half-full view after the U.S. Federal Reserve announced it would start to unwind its historic stimulus.






Date: 19/12/2013
Europe moves towards scheme to close failing banks
- The European Union edged closer to agreeing a scheme to close failing banks but will leave big gaps in a wider reform that was supposed to unite the euro zone behind its troubled lenders.






Date: 19/12/2013
Gold creeps up after losses as investors take Fed taper in stride
- Gold recovered on Thursday from overnight losses prompted by the Federal Reserve's decision to cut back its stimulus, indicating that investors had already priced in a small reduction in the central bank's bond purchases.






Date: 19/12/2013
U.S. Senate passes budget deal, focus shifts to spending
- The U.S. Senate passed a two-year budget deal on Wednesday to ease automatic spending cuts and reduce the risk of a government shutdown, but fights were already breaking out over how to implement the budget pact.






Date: 19/12/2013
Asia shares climb on Fed commitment, dollar jumps
- Asian share markets rallied on Thursday as a Federal Reserve commitment to low rates offset a long-dreaded decision to taper stimulus, sending Wall Street to record heights and the dollar galloping above 104.00 yen for the first time since 2008.






Date: 18/12/2013
Macquarie Bank sells 3.46 lakh shares of SE Investments
On December 17, 2013 Macquarie Bank Limited sold 3,46,560 shares of SE Investments.
Date: 18/12/2013
Merrill Lynch buys 21.49 lakh shares of Glenmark Pharma
On December 17, 2013 Merrill Lynch Capital Markets Espana SA SV bought 21,49,694 shares of Glenmark Pharma.
Date: 18/12/2013
ICICI Mutual Fund buys 4.79 lakh shares of Eveready Ind
On December 17, 2013 Prudential ICICI Mutual Fund A/C ICICI Prudential FMCG Fund bought 4,79,799 shares of Eveready Industries.
Date: 18/12/2013
Ponni Trexim sells 12.75 lakh shares of Century Plyboards
On December 17, 2013 Patton International Limited bought 12,75,000 shares of Century Plyboards.
Date: 18/12/2013
Deutsche Bank sells 64.19 lakh shares of Sybly Industries
On December 17, 2013 Deutsche Bank Trust Company Americas sold 64,19,350 shares of Sybly Industries at Rs 1.12 on the BSE.
Date: 18/12/2013
Fed taper impact to be short-lived for mkt: Taher Badshah
Taher Badshah said the key takeaway from today's RBI policy was that if inflation were to come back the Central Bank would be take action but if inflation trends lower, then even if they did not cut rates, they would at least keep them as it is.
Date: 18/12/2013
DIPP relaxes Brownfield investment norms
This comes as a very positive move for all Indian multi-brand retailers who are looking for prospective foreign partners.
Date: 18/12/2013
GAIL doubles marketing margin on gas
Gas from the fields of ONGC that came into production after 2010 are being termed as non-APM gas and GAIL has been since November billing higher marketing margin of Rs 10.21 per mmBtu on such fuel sold to consumers, sources said.
Date: 18/12/2013
Parl panel calls for review of Rangarajan gas price formula
The panel, headed by Andhra Pradesh MP Aruna Kumar Vundavalli, felt Russia which exports 40 to 50 per cent of its gas to Europe at a price of about USD 8.77 per million British thermal unit, could be a better indicator of gas price.
Date: 18/12/2013
DLF completes 74% stake sale in life insurance JV to DHFL
In July this year, DLF had announced exit from the life insurance business by selling its entire 74 percent stake in the JV with US insurance giant Prudential Financial. The JV was announced in 2007 and started operation in September 2008.
Date: 18/12/2013
Urtan coal mine alloted to JSPL, Monnet Ispat deallocated
While Monnet said it is considering moving court against the decision, JSPL stated that all efforts were made to develop the block. "The companies have failed to develop the same (coal block) as per the milestones prescribed without any valid reasons for the delay.
Date: 18/12/2013
Infosys to hire around 16k engineers next year: NRN Murthy
With improving demand for outsourcing services in the US and European markets, which account for over 80 per cent of the revenues of the USD 108 billion Indian IT sector, hiring is expected to be better than the last few years.
Date: 18/12/2013
DoT to bar 3G spectrum holders from sharing airwaves
Meanwhile, Bharti Airtel, Vodafone and Idea Cellular have entered in to mutual agreement to use each other 3G spectrum in service areas where they do not hold these airwaves. This agreement, however, has been termed illegal by the DoT and the matter is at present sub-judice.
Date: 18/12/2013
GMR hopeful of bagging Philippines airport project
If the GMR consortium qualifies for this bid, it would be its third venture in the global market after Istanbul and Maldives. However, the Maldives project ran into trouble with changing regimes in the country and GMR had to surrender it.
Date: 18/12/2013
Banks not keen to act as insurance brokers
The insurance industry was anyways not too hopeful of large private public sector banks entering the insurance broking segment, now, it seems most banks are not keen.
Date: 18/12/2013
Mkt will react to no hike or aggressive hike scenario: HSBC
According to Leif Eskesen, market has already factored in the 25 bps repo rate hike and would be surprised if RBI either does not take any action or tightens the monetary policy aggressively.
Date: 18/12/2013
RBI keeps repo, CRR unchanged; to act if inflation warrants
A total of 90 percent respondents of a CNBC-TV18 poll on "expectation from the RBI monetary policy" had voted for a 25 bps rate hike. Post RBI keeping repo at 7.75 percent, Nifty moved up sharply.
Date: 18/12/2013
Expect food inflation to ease going ahead: Rangarajan
RBI’s priority now is price stability and therefore it is keeping continuous watch on inflation, C Rangarajan, Chairman, PMEAC said.
Date: 18/12/2013
5 reasons why RBI chose to keep rates unchanged
The consensus view was that the central bank would raise the repo rate by 25 basis points.
Date: 18/12/2013
RBI in denial; will play catch-up to inflation: JPMorgan
JP Morgan's chief economist Jahangir Aziz is surprised by the Reserve Bank's decision to maintain status quo in its monetary policy today. He believes the central bank is still in denial and may play catch-up to the inflation in first half of the year.
Date: 18/12/2013
Bold or risky: Experts take on RBI policy
During its quarterly monetary-policy review, Governor Raghuram Rajan said left the repo rate and the cash reserve ratio (CRR) unchanged at 7.75 percent and 4 percent respectively.
Date: 18/12/2013
RBI launched degree of volatility, uncertainty: BNP Paribas
Manishi Raychaudhuri, MD Asian Equity Strategist at BNP Paribas Securities says till the next set of data points come through in first half of January; the market would continue to behave this way.
Date: 18/12/2013
RBIs decision is aimed at boosting growth: Montek Singh
The decision to keep the rates unchanged by RBI will be a big breather for the industry and retail borrowers in particular as the markets had expected another 25 bps hike in the short-term lending rate, says Montek Singh Ahluwalia.
Date: 18/12/2013
See no rate hike in FY14; investments key now: Experts
The status quo, Pramod Gubbi, vice-president-Sales, Ambit Capital says may be keeping in mind that Governor Rajan may be privy to how the inflation is going to pan out in the days to come.
Date: 18/12/2013
RBI move sends strong signals to the market: Motilal
Oswal feels the RBI policy henceforth would be more intelligent than just a ‘policy rates chasing last inflation print’ game.
Date: 18/12/2013
Growth expected to improve in second half of 2013-14: RBI
Addressing a media conference, RBI Governor Raghuram Rajan said he would stick with the earlier 5 percent growth projection for the full year, with minor fluctuations in the number.
Date: 18/12/2013
Net oil swap repayments less than USD 7 billion: RBI
The total amount of oil swap which the RBI engaged in between August 28 and the first week of December was USD 12 billion, he said. The measures were initiated after the rupee touched a lifetime high of 68.85 to the dollar on August 28.
Date: 18/12/2013
Rajan says time not ripe for lifting curbs on gold imports
"At this point, it will be premature to withdraw these restrictions for a variety of reasons," RBI Governor Raghuram Rajan told analysts on a conference call after announcing the mid quarter review of the monetary policy wherein he left all key rates unchanged.
Date: 18/12/2013
A bullish new year for all? Fund managers think so
A net 71 percent of fund managers expect the global economy will strengthen next year, up from November`s 67 percent and far stronger than 40 percent a year ago, the survey found.
Date: 18/12/2013
Asia stocks mixed ahead of Fed decision; Nikkei rallies 2%
Asia stocks mixed ahead of Fed decision; Nikkei rallies 2%
Date: 18/12/2013
European stocks rise as markets eye Fed; Dax up 0.58%
European stocks rise as markets eye Fed; Dax up 0.58%
Date: 18/12/2013
German Ifo business climate rises to 20-month high of 109.5 in December
German Ifo business climate rises to 20-month high of 109.5 in December
Date: 18/12/2013
Swiss ZEW economic expectations improve to 43-month high
Swiss ZEW economic expectations improve to 43-month high
Date: 18/12/2013
U.K. CBI realized sales soar in December
U.K. CBI realized sales soar in December
Date: 18/12/2013
Mkt will keep eye on RBI commentary on inflation: Religare
Tirthankar Patnaik, Director - Institutional Research, Religare Capital Markets believes if the US Federal Reserve does not move on taper today, market will resume uptrend. He feels the actual tapering will start only in March.
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