Sunder’s List

Roundup: London +0.68%. Germany +0.84%. France +0.60%.

European markets are rallying as US markets remain closed for thanksgiving.

Height of desperation? After the failed 2G auction, the government is now trying to divest 4% of its 99.6% in Hindustan Copper at a 71% discount! (ET) [stockquote]HINDCOPPER[/stockquote]

Will MNCs listed in India flood the market with secondary offerings? Honeywell and Blue Dart have paved the way. (ET) [stockquote]HONAUT[/stockquote] [stockquote]BLUEDART[/stockquote]

Chinese PMI ticks up to a 50.4 (49.5 in October). Thirteen-month high. Eurozone services suffers worst month since mid-2009 – services PMI hits 45.7 (46.0 in October), a 40-month low.

The Directorate General of Central Excise Intelligence is investigating Cadbury over allegations the company may have evaded as much as 2 billion rupees ($36.29 million) in taxes. (Reuters)

“Inputs of technical analysis — the price of shares and the volume being sold — never change after the fact. Charts are never revised later”. On why technical analysis matters.

Have a nice weekend!

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