Author: shyam

The NIFTY ended tepid, moving just +0.12% for the week.
Biggest losers were SAIL (-7.77%), SESAGOA (-5.49%) and CAIRN (-5.32%).
And the biggest winners were M&M (+6.90%), ACC (+6.56%) and BHEL (+6.26%).
Advancers lead decliners 28 vs 22
Gold: -1.10%, Banks: -1.19%. Infrastructure: +6.03%,

Net FII flows for the week: $1,769.89 mm (Equity) and -$73.68 mm (Debt)

The Economist has an awesome summary of the Indian political scene: Are we going through an American-style robber-baron phase or are we creating a Russian-style kleptocracy?

India’s politicians are not, by instinct, reformers. They act when pushed. Besides, the public is so angry that even honest decisions are sometimes construed as favoring special interests, so babus consider it safest to do nothing.

Daily news summaries are here.

The NIFTY ended on a bullish note, shooting up +1.99% for the week.
Biggest losers were TCS (-7.72%), DRREDDY (-5.94%) and WIPRO (-3.46%).
And the biggest winners were PNB (+18.08%), RELINFRA (+15.50%) and BANKBARODA (+14.62%).
Advancers lead decliners 34 vs 16
Gold: -1.77%, Banks: +8.66%. Infrastructure: +5.12%

Net FII flows for the week: $1,151.58 mm (Equity) and $360.31 mm (Debt)
Net domestic institutional flows for the week: -$1,162.00 mm (Equity) and $9,178.20 mm (Debt)

We award the quote of the week to Scott Price, Wal-Mart’s Asia chief executive: “… this idea that the gates have been opened and there’s going to be a flood (of investment) is overwrought.” Didi, are you listening?
Daily news summaries are here.

The NIFTY ended on a bullish note, shooting up +4.06% for the week.
Biggest losers were CIPLA (-5.61%), RANBAXY (-2.12%) and NTPC (-1.95%).
And the biggest winners were HINDALCO (+10.76%), TATAMOTORS (+10.01%) and JPASSOCIAT (+9.10%).
Advancers lead decliners 44 vs 6
Gold: +1.00%, Banks: +5.22%. Infrastructure: +4.25%,

Net FII flows for the week: $502.88 mm (Equity) and $87.94 mm (Debt)
Net domestic institutional flows for the week: -$153.30 mm (Equity) and $1,278.60 mm (Debt)

Between now and Christmas the US Fed is pumping $85 billion per month of free money into the markets (and $40 billion a month thereafter). Our government finally grew a pair of cohones and cleared FDI in retail and civil aviation. Things are finally looking good and unless Europe does something really asinine, we are all set for a bull run into the end of the year. Cheers!

Daily news summaries are here.

The NIFTY ended on a bullish note, shooting up +2.29% for the week.
Biggest losers were IDFC (-5.07%), BHEL (-3.89%) and TATAPOWER (-3.42%).
And the biggest winners were HCLTECH (+5.99%), MARUTI (+5.40%) and INFY (+5.32%).
Advancers lead decliners 34 vs 16
Gold: +2.37%, Banks: +1.30%. Infrastructure: -1.67%

Net FII flows for the week: $17.76 mm (Equity) and -$273.72 mm (Debt)

China’s plans to build roads to nowhere (again), ECB’s unlimited bond-buying boosted the markets.

Daily news summaries are here.

The NIFTY ended on a bearish note, melting down -2.38% for the week.
Biggest losers were STER (-14.19%), JPASSOCIAT (-14.16%) and JINDALSTEL (-11.26%).
And the biggest winners were CIPLA (+2.67%), POWERGRID (+2.01%) and HDFC (+1.77%).
Decliners eclipsed advancers 39 vs 11

Gold: -0.07%, Banks: -2.61%. Infrastructure: -2.11%. However, Gold was up +2.27% to $1692.35 at US market close following Bernanke’s speech.

Net FII flows for the week: $729.10 mm (Equity) and -$140.38 mm (Debt) – looks like a strong buy-the-dip bias amongst foreign investors.

Daily news summaries are here.