23/1/2015 stocks news

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Mario Draghi called on the European Central Bank to make its biggest push yet to fend off deflation and revive the economy by unleashing a debt-buying spree of 1.1 trillion euros ($1.3 trillion).

The ECB president and his Executive Board proposed spending 50 billion euros a month through December 2016, two euro-area central-bank officials said. The plan still faces a tense debate in the Governing Council and may change before the final decision on Thursday.

The International Monetary Fund (IMF)'s forecast that the Indian economy will be the fastest-growing major global economy - outpacing China - by 2016-17.

IMF in its latest World Economic Outlook report pegged India's economic growth rate at 6.5 per cent for 2016-17, higher than China's projected growth rate of 6.3 per cent.

IMF, however, lowered global economic growth forecast for 2015 and urged central banks to purse an easy monetary-policy stance and asked governments to pursue structural reforms to support growth.

"For India, real GDP [gross domestic product] growth is projected to strengthen to 5.4 per cent in 2014 and 6.4 per cent in 2015, assuming that government efforts to revive investment growth succeed and export growth strengthens after the recent rupee depreciation," IMF said in the report titled Recovery Strengthens, Remains Uneven.

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Our Opininon for Today's Market.......

1.Market Looks Volatile.....

1.Some Insider Say NIfTy go up to 6200

What To Do Today........

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Nifty.....Today Support at ..8610...8560...8505

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NEXT TGT FOR

Our Opinion for Today's Market.......

1.Stock Specific Movement Expected Today ......

2. Mid-caps Looks Good....

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21/1/2015 stocks news

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The plummeting price of oil and surging U.S. dollar are increasing growth throughout the world, according to the Bloomberg Global Poll.

Three-quarters of responding investors, analysts and traders who are Bloomberg subscribers said oil’s 55 percent plunge since June will spur worldwide expansion. Fifty-eight percent said gains in the dollar against currencies such as the the euro and yen will help more than hurt.

The encouraging perception of two of the most important trends shaping financial markets helps allay concern that cheaper crude reflects a slowing world economy that could be pinched if the greenback keeps rising. Both are likely to be the subject of debate at the World Economic Forum’s annual meetings this week in Davos, Switzerland.

“Practically every industry is a consumer of energy, and the decline in oil has seen the price of a key input decline,” said Graham Davidson, a poll participant and currency trader at National Australia Bank Ltd. in London. “All else equal, it improves corporate profitability, improves consumers’ spending power and will ultimately encourage productive investment.”

Underscoring that view, 72 percent said the oil slide reflects increased supply rather than slumping demand. Even as oil posted its biggest annual decline since 2008, the Organization of Petroleum Exporting Countries resisted calls to cut output and the U.S. pumped at the fastest rate in more than three decades.

Lower energy bills are freeing up cash for consumers and companies to spend more on other goods and services, according to analysts such as Nariman Behravesh, the chief economist at IHS Inc. He estimates the lift to international expansion could be as much as 0.5 percentage points.

China's economy grew at its slowest pace in 24 years in 2014, official data showed on Tuesday, undershooting the government's target for the first time since 1998.

Gross domestic product expanded 7.4 percent in 2014 down from 7.7 percent in 2013. The government's target was for a print of "around 7.5 percent."

Growth in the world's second biggest economy has not fallen below 7.6 percent since 1990, when it grew 3.8 percent as a result of international sanctions in the wake of the Tiananmen Square massacre.

The selloff in global oil markets showed little signs of slowing in the new year, falling as much as 6 percent on Monday to their lowest since spring of 2009 as fears of a supply glut that vexed the market for the past six months deepened.

U.S crude closed down $2.65, or 5 percent, at $50.04 a barrel—its lowest settlement since April 2009. The contract fell further in extended trading.

Front-month Brent crude hovered around $53 a barrel, down about $3, after dropping to $52.66, its lowest since May 2009.

U.S crude dipped below $50 a barrel while benchmark Brent crude tumbled under $53 after data showed Russian oil output at post-Soviet era highs and Iraqi oil exports at near 35-year peaks.

U.S. driller ConocoPhillips added to the bearish sentiment, announcing it had struck first oil at a Norwegian North Sea project.

Top crude exporter Saudi Arabia has made deep cuts to its monthly oil prices for European buyers, a move that analysts said reflects the kingdom's deepening defence of market share. Saudi Arabia also trimmed prices for U.S. refiners while raising rates for Asia.

The euro's tumble to 2006 lows, and slower-than-expected growth in U.S. manufacturing, completed a perfect storm for the bearish oil markets.

"The rise of India looks unstoppable," the Center for Economics and Business Research (CEBR) said last week. In its annual World Economic League Table, the group expects India to become the Commonwealth's largest economy by 2018. In 2024, the group expects India will become the world's third largest economy from its present status as fourth-largest.

The Indian economy is set to kick off the year as the favorite among emerging markets thanks to a series of positive economic developments coupled with the accelerating pace of Prime Minister Modi's reforms.

"We expect India's stock market to generally outperform emerging and developing peers in 2015," said Howie Lee, investment analyst at Phillip Futures, in a report last week. The Sensex stock index was Asia's second-best performing market in 2014, rising around 30 percent.

New Delhi is expected to post economic growth of 5.5 percent during the fiscal year ending March 2015, according to the finance ministry - a welcome sign for an economy that's seen sub-5 percent growth for two consecutive years.

2013 marked a year of vulnerability for India as a ballooning current account deficit triggered sharp capital outflows when the Federal Reserve first broached the idea it would reduce its stimulus program.

"Call it a huge slice of luck or astute economic forecasting, but going into 2015, the problems that have plagued India for the past two years have mostly been subdued. Due to falling commodity prices, the twin terrors of current account deficit and high inflation have come under substantial control," said Howie Lee of Phillip Futures.

November's wholesale price inflation rate came in at zero for the first time in over five years, and a far cry from May's 6 percent annual increase. Lee said a global fall in food prices proved more effective in containing inflation than the Reserve Bank of India's (RBI) 2013 interest rate hike.

While the current account deficit remained high at 2.1 percent of gross domestic product (GDP) during the July-September quarter, expectations for oil prices to remain low in the near term will ease the strain, Lee said. Not only does cheaper oil ease India's import bill, it also allowed Modi to end diesel subsidies, which cost the government over $20 billion in the last fiscal year.

For the government to achieve GDP growth above 6 percent, Morgan Stanley recommends greater focus on medium-term reforms, including the easing land acquisition rules, flexibility in labor markets, and the introduction of a goods and services tax (GST) to create a national taxation system.

Moreover, the overall ease of doing business remains a major priority for the government, the bank added. It's watching for various policy steps on streamlining clearances for forest and environmental projects, expediting industrial licensing processes and providing stable taxation policies. It also wants to see initiatives under the "Make in India" campaign aimed at convincing multi-national companies to manufacture within the country.

The Obama administration’s move to allow exports of ultralight crude without government approval may encourage shale drilling and thwart Saudi Arabia’s strategy to curb U.S. output, further weakening oil markets, according to Citigroup Inc.

A type of crude known as condensate can be exported if it is run through a distillation tower, which separates the hydrocarbons that make up the oil, according to U.S. government guidelines published yesterday. That may boost supplies ready to be sold overseas to as much as 1 million barrels a day by the end of 2015.

Saudi Arabia led the Organization of Petroleum Exporting Countries to maintain its production quota at a meeting last month even as a shale boom boosted U.S. output to the highest in more than three decades. That prompted speculation OPEC was willing to let prices fall to force some companies with higher drilling costs to stop pumping.

“U.S. producers are under the gun to reduce capital expenditures given lower prices,” Citigroup said in the report. “Now an export route provides a new lease on life that can further weaken crude oil markets and throw a monkey wrench into recent Saudi plans to cripple U.S. production".

Current U.S. export capacity is at about 200,000 barrels a day, which could be expanded to 500,000 a day by the middle of 2015, according to the bank.

Think Big TO EARN BIGGG

Track me

What To Do Today..........

Our Opininon for Today's Market.......

1.Market Looks Volatile.....

1.Some Insider Say NIfTy go up to 6200

What To Do Today........

Nifty....Today Face Resistance at......8698..8745..8785

Nifty.....Today Support at ..8510...8460...8405

Nifty Range...7200--------9200

TRACK ME RESEARCH......

NEXT TGT FOR

Our Opinion for Today's Market.......

1.Stock Specific Movement Expected Today ......

2. Mid-caps Looks Good....

INTRADAY HOT STOCKS: 21/1/2015

buy icicbk sl 352 tgt 375/380sell below 350

buy cromtopn sl 187 tgt 198/204

buy relcap sl 460 tgt 485/505

buy Reliance sk 885 tgt920/940

buy tata st sl 395 tgt 412/420 sell below 394

buy idfc sl 165 tgt 180

 

L&T FINANCE HOLDINGS

(BSE TICKER-533519@ Rs.65/-)

Yeessssssssssssssssssssssssss

 !!!!

Rs.90/120/- Rs.150/-

Alert:- Our Subscriber's Long in Stock!!!

MARKSANS PHARMA

(Bse Ticker-524404@ Rs.18.80)

TARGET

Rs.21/- Rs.24/30/35/40/80 /140SL Rs.15/-