Blog Updates from Deadpresident Blog

Weekly Technicals - July 6 2008

The markets ended with losses for the seventh week in a row as they continued to be haunted by global market cues, record crude oil prices, rising inflation and political worries.The Sensex crashed to a low of 12,822 during the week - down almost 1,000 points from its previous close. However, some bargain hunting in beaten-down financial and realty stocks helped the index cut losses towards the end of the week.

The index finally ended with a loss of 348 points at 13,454. It has shed a whopping 22.8 per cent (3,981 points) in the last seven weeks.Among the index stocks, ACC, Maruti, Grasim and Reliance Infrastructure dropped 13-17 per cent last week. Tata Steel, Tata Motors, Ambuja Cements, ICICI Bank, Reliance Communications, ITC and Mahindra & Mahindra shed 7-12 per cent each.On the other hand, BHEL surged nearly 9 per cent. Jaiprakash Associates, ONGC, Satyam and L&T gained 5-7 per cent each.

Political concerns, inflation worries and possible action by the RBI would continue to affect the markets in the short term. The market sentiment will also be driven by the earnings season.Technically, the Sensex may drift towards its yearly support of 12,100.

However, if the index manages to sustain above the 12,750-12,800 range in the short-term, there may be a pull-back rally upto 13,900 and 15,200. The index is likely to find support around 13,050-12,930-12,800 and resistance at 13,855-13,980-14,100.The Nifty moved in a range of 315 points during the week. From a high of 4,163, the index dropped to a low of 3,848 and finally settled with a loss of 121 points at 4,016. The index tumbled over 22 per cent (1,142 points) in the last seven weeks. The Nifty shall seek support in the broad range of 3,750-3,850, below which it is likely to fall to 3,500. (via Business Standard)

India forex reservces fall
Worst economic outlook in a decade awaits G8
World News

India Strategy - July 4 2008
Indian cell services market to top US$37bn by 2012...
Long Term Picks - July 4 2008


Source: Deadpresident.blogspot.com

Venture Capital , Pvt Equity Updates

VCcircle.com

Mobile Community Website SMSGupShup Gets $10 Million From Helion & Charles River
ChrysCapital Picks Up 7% In Amtek Auto From Secondary Market
Cafe Coffee Day Holdings To Get $50M From JPMorgan: Report
Bennet, Coleman’s 2% Stake Buy In SMC Group Values The Broker At $875 Million
IFC To Invest Rs 64 Crore In Pharma Contract Manufacturer Hikal

Online Tax Filer Taxshax Gets BCCL Support
“Entrepreneurs Are The Freedom Fighters Of Tomorrow”
Guest Column: Can RIL Enforce First Right Of Refusal On RCOM-MTN Deal?
There Could Be Some Truth In Bharti-Zain Story: Experts
RCOM-MTN Moving Ahead To A New Holding Structure

IDFC Plans Holding Co; To Raise Upto $750M; Increase ESOPS
Bumi Geo Engineering Raises $9.4 Million From Dubai’s Alcazar
Anil Singhvi Chucks Finance For A Cement Role In R-ADAG
Reliance Money Plans Saudi Arabia Foray Through JV
PE-Backed SemanticSpace Makes A $40M Acquisition In The US

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IndiaPE.com

IFC to acquire shares of Modern Dairies
CUMI agrees to acquire 51% stake in FZL, SA
ICICI Venture sells JV stake to Tishman
Mallya eyes 26% stake in SpiceJet
IFC to invest $15 mn in Mumbai pharma firm

Gopinath to dilute 26% stake in Deccan Cargo
BCCL picks up stake in SMC Group
NALCO Likely To Acquire 51% Stake In Tajikistan's Talco
Clearwater invests $50 mn in power equipment park
Kingfisher, SpiceJet May Swap Shares 1:3

PE investments take a beating
UK’s Eredene Cap picks up 50% stake in Apeejay Infra-Logistics
PE firms wooing OOH media players
RCom, MTN deal likely on July 6?
RCOM plans to raise $5 bn for MTN deal


Source: VCcircle, INdiaPe.com

N-deal necessary for nation: Kakodkar

N-deal necessary for nation: Kakodkar

Making a strong pitch again for operationalising the Indo-US nuclear deal, Atomic Energy Commission Chief Anil Kakodkar today said 'history will not forgive us' if it is not clinched.

Kakodkar's strong statement came on a day when Left parties said they would vote against the UPA government in Parliament in case of a confidence motion if it took the next step to operationalise the deal.

"Here is a chance ... without compromising on our principles, we can bridge energy security for the future," Kakodkar said in a public lecture on 'Evolving Indian nuclear programme: Rationale and perspectives', organised by the Indian Academy of Sciences.

Without mentioning the deal but giving enough indications that he exactly meant that, he said, "If we don't do now, history will not forgive us". He termed it (the deal) one of the most promising and viable way of bridging energy security for the future.Later, responding to reporters` queries on time-line for approaching the IAEA for a safeguards agreement and if the deal can be wrapped up year-end, Kakodkar said, "Sooner the better.

But everything is not in my hands, now? But things are not in my hands".Earlier, he declined to comment on the raging political debate over the nuclear deal when an audience member posed a question. "That's part of politics; I don't get into politics.
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'History won't forgive if N-deal is not inked'
Seek vote of confidence: BJP
Fuel, metal prices to blame: FinMin
Weekly Review: Sensex at 15-mth low
Jim Rogers bets big on oil price surge
How to tackle interest rate hikes


Source: UTVi.com, Rediff.com

Stock, MF analysis from BusinessLine

Prime Focus: Buy
With a strong presence in the niche area of post-production services for films, a unique cross-border business model and a good pipeline of film projects, Prime Focus is a preferred pick within the media sector. A substantial correction in ... More

TCS: Buy..More

Marico Industries: Buy...More

Crompton Greaves: Buy....More

Dishman Pharma: Buy...More

NEW FUND OFFER
Fund Update
Bharti AXA Investment Managers has launched a ‘Liquid’ Fund. The minimum investment is Rs 5,000 for the retail plan and Rs 1 crore for the institution plan. The NFO closes on July 14.Bharti AXA ... More


MUTUAL FUNDS
IDFC Imperial Equity: Hold...More

ICICI Pru Dynamic: Invest
Investments can be considered in ICICI Pru Dynamic Fund given the fund’s performance over the three and five-year period. Over the same time-frame, the fund has generated an annualised return of 29 per cent and 37 per cent, ... More

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TECHNICAL ANALYSIS
Query Corner
I hold shares of Reliance Capital. Please let me know the future prospects of this stock. Himanshu ShahReliance Capital (Rs 993): In our previous review of Reliance Capital in March, ... More

Sensex long-term outlook review
We had expected the four-year long bull-phase to terminate in the first quarter of 2008 in our long-term outlook at the beginning of this year. Our outermost target for the Sensex for 2008 was at 13700. Now that this level has been ... More

Index Outlook
It was week of high drama on the Indian bourses. The markets initially appeared to be plunging in to a bottomless pit. But the 700-points recovery on Wednesday brought the spring back to the step of the drooping bulls only to see their hopes ... More

DERIVATIVES MARKETS
Nifty future may move in 3800-4300 range..More

LIFE INSURANCE
Combining gainfully
SIP + Insurance products More



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