Market May Open Your Eyes Flat, Inflation Data Feed

Futures trading S & P CNX Nifty on the Stock Exchange of Singapore, said a flat opening. The government of India will release data on some indices of wholesale prices to know. the index of food prices, the main index of articles and the index of fuel prices for the year to August 27, 2011 Today, September 8, 2011. The Reserve Bank of India (RBI) said that a change in the anti-inflationary monetary policy is based on signs of a lasting slowdown in inflation.

Jaiprakash Associates has denied the report that the company is in talks to sell up to 26% stake in its cement business to a strategic partner. The company made the announcement after market hours, Wednesday, September 7, 2011. Jaiprakash Associates stock had risen nearly 8% Society Wednesday after rumors rope in a strategic partner in its cement business.

Foreign institutional investors (FIIs) bought shares worth Rs 262.43 crore on Wednesday, 7 In September of 2011, as the exchange of preliminary data. FII bought shares worth a net Rs 2972.63 crore six sessions, from 29 August 2011-7 September 2011, as the exchange of information. PAN Card for NRI

The government took a step closer to a revision of the old laws of land acquisition on Wednesday introduced a long-delayed bill to Parliament which aims to attract investment in infrastructure, while compensating farmers and landowners. The current parliamentary session ends Friday, September 9, 2011 and the bill is unlikely to be approved by Parliament resumes later this year. The expropriation of land for the public good is a controversial issue as India is full of industrialization, with large factories, housing and transport projects identified by land disputes.

Moody’s Investors Services confirmed its rating of Baa3 foreign currency debt rating of India and the Ba1 local currency debt annual credit analysis published this week. Votes for the company given the positive outlook for bonds denominated in Indian rupees, saying it is considering a rating of Baa3 uniform for all bonds if India is to improve the fiscal position and its commitment to strengthen the market inside. Currency debt outlook is stable.

The report was optimistic about India’s ability to overcome an economic crisis. While not immune to a slowdown in international growth, the strength of domestic demand and economic diversity provides protection against a downturn in the exposed sectors worldwide, the report said. India noted that the foreign exchange reserves equivalent to four times its external debt.

A debt to GDP ratio of 71% is a concern that the interest on this debt eats 25% of revenues from India every year. But Moody expects continued growth of GDP and further fiscal consolidation efforts will continue to reduce the public debt / GDP, the report said.

Services sector in India grew at its slowest pace in over two years in August 2011, nipped in the expansion of the weakness in new business areas, such as a faltering global economy and tight monetary conditions taken into consideration, a survey showed Monday, September 5, 2011. HSBC Markit activity index, based on a survey of 400 companies fell to 53.8 in August against 58.2 in July, the largest decline in the index of a month since January 2009. It was also the lowest growth since June 2009, but the index was above the 50 threshold separating growth from contraction for 28 consecutive months.

The new business sub-index fell to its lowest level in three months in August to 54.9 from 59.3 in July, which dampens global economic conditions hit orders. The prospects for new business have also been revised down in August. The study also showed a decline in employment in the service sector for the second consecutive month, new business growth has slowed, while input costs and prices of production continued until March before.

Manufacturing activity in India in August 2011 slowed to a minimum of 29 months as exports took a beating amid the uncertainties that persist in the global economic environment, according to a poll released last week. The total seasonally adjusted purchasing managers HSBC, prepared by Markit, fell to 52.6 in August from 53.6 in July. The rate of flow of new orders fell in August to the slowest in 29 months, export orders fell at their fastest pace since the series began, HSBC said.

Book production fell for the first time since March 2010, when the pressure of operating capacity decreased. As the intensification of inflationary pressures as both input and output prices rose.

Exports rose 81.79% to $ 29.3 billion, while imports rose 51.5% to 40.4 billion crowns in July 2011 during July 2010, leaving a trade deficit of 11 billion dollars, data showed last week.

Asian stocks were mixed Thursday, September 8, 2011, before important political statements due by the United States and Europe. The key benchmark index in Taiwan, Japan, South Korea and Indonesia were up 0.01% to 0.47%. The key benchmark indices in China, Hong Kong and Singapore were down 0.21% to 0.75%.

The European Central Bank (ECB) should maintain its key rate unchanged at 1.5% at its monthly meeting on the policy on interest rates today, 8th September 2011. At its policy meeting today, the Bank of England (BOE) Monetary Policy Committee is also expected to keep its key interest rate benchmark interest 0.5%, 31 consecutive months with such rapidity.

The Federal Reserve, Ben Bernanke, is also due to speak Thursday, September 8, 2011, in the hopes of investors clues about how the Fed intends to support the economy. The Federal Reserve maintains a policy meeting two-day interest rates 20 and September 21, 2011. August 26, 2011 Bernanke has refrained from asserting that the Federal Reserve, immediately introduce new measures to support the U.S. economy, arguing that the options discussed at the meeting of the Federal Reserve in September 2011.

Global equity markets have performed well on Wednesday, 7 In September 2011, when a German court has ruled in favor of the proposed rescue of euros, the Fed’s Beige Book showed that the U.S. economy continues to grow, and because the information was the U.S. President ‘s creation of proposals will be revealed later on Thursday, September 8, 2011. NRI Demat account

In a speech before a joint session of Congress Thursday night, BarackObama US president intends to propose an employment increases by injecting over 300 billion dollars into the economy next year, mainly through tax cuts, expenditure infrastructure and assistance to state and local governments.


Comments are closed.