Market Seen On Positive Asian Equity

The market is likely to see the company begin to take positive action Asia. Trading in the S & P CNX Nifty is the Singapore Exchange shows the increase to 22 points the opening bell. Newly re-purchase of foreign funds will also support earnings.

Foreign institutional investors (IIE) bought shares worth Rs 431.48 crore Tuesday, September 6, 2011, according to preliminary data scholarships. Domestic institutional investors (DIIS) has sold shares worth Rs 415.17 crore on that day.

The highest cut benchmark index on Tuesday, 6 In September 2011, the staging of reversing intraday stocks assisted by European society. BSE Sensex rose 149.48 points, or 0.89% to 16,862.81 and the S & P CNX Nifty rose 47.10 points, or 0.94% at 5,064.30.

The bill awaited land acquisition, which seeks to establish standards for increased compensation for the owners was approved by the Union Cabinet, Monday, September 5, 2011. It must be introduced to Parliament today, 7 September 2011. The bill includes land acquisition and rehabilitation and resettlement, clearly defined public purpose is the provision of retroactivity and takes the time for compensation.

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 on Monday 5 September 2011. 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 withstand a global economic slowdown. Although it is not immune to a slowdown in international growth, strong domestic demand and economic diversity provides protection against a downturn in the areas of overall risk, the report said. He noted that India’s foreign exchange reserves equal to four times its external debt.

Debt ratio of 71% is worrisome, because the interest on this debt eats 25% of annual sales in India. However, Moody’s expects continued growth and gradual fiscal consolidation reduces the debt / GDP of the government, the report said.

Services sector in India has increased its slow rate of more than two years in August 2011, and strangled by a weak expansion of new business in the world’s faltering economy and tense domestic monetary conditions are weighed, the research showed on Monday September 5, 2011. HSBC Markit index business, which is based on a questionnaire of about 400 companies, slumped in July 58.2 53.8 August, the index’s largest one-month decline since January 2009. It was also the weakest growth since June 2009, but the index remained above the 50 mark that separates contraction in growth 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, as the global economic situation sinks hit orders. Expectations of new businesses have also been revised down in August. The survey also showed reduced levels of employment in the services sector for the second consecutive month, the growth of new businesses has decreased while the input costs and output prices continued to march ahead.

Manufacturing activity in India in August 2011 dropped to a lowest level in 29 months as exports took a beating amid continuing uncertainty in global economic environment, a survey showed Friday, September 2, 2011 . The total seasonally adjusted purchasing managers HSBC, compiled by Markit, fell to 52.6 in August against 53.6 in July. The pace of new order flows in August fell to its slowest in 29 months as export orders contracted at the fastest rate since the series began, HSBC said.

Production fell to delay the first time since March 2010, pressure on operating capacity decreased. Moreover, the intensification of inflationary pressures in both input prices and production increased.

Food inflation has confirmed up to 10.05% in the week ended August 20, 2011, the highest in almost six months and a maximum of 9.8% increase in the previous week. The data underscore the long-term fight against inflation, which could quickly the Reserve Bank of India to raise policy interest rates by the 12th time in March 2010, when it meets to consider monetary policy, September 16, 2011.

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

The European Central Bank (ECB) should maintain its key rate unchanged at 1.5% at its monthly meeting on interest rate policy, Thursday, September 8, 2011. That same day, 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.

High-cut Asian markets on Wednesday as the yen weakened and fell at cheaper valuations since 2008. Benchmark indices in Taiwan, Japan, South Korea, China, Hong Kong, Singapore and Indonesia increased between 0.43% to 2.34%.

U.S. markets fell on Tuesday on fears in Europe so far failed to resolve its debt crisis. The Dow Jones Industrial Average fell 100.96 points or 0.90% at 11,139.30. S & P 500 slipped 8.73 points, or 0.74% at 1165.24. The Nasdaq fell 6.50 points, or 0.26% at 2473.83.

U.S. President Barack Obama has been designed to give a speech on Thursday, 8 In September 2011, to propose measures to encourage the recruitment in the United States, behind the crisis of unemployment.


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One Comment


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