Posts Tagged ‘tractor maker’

WEEKLY MARKET OUTLOOK & NEWS CAPSULES :)

WEEKLY MARKET OUTLOOK

Market Outlook & News Round Up for the Week Gone By !

Market Outlook & News Round Up for the Week Gone By !

The trend of most world markets remains up.

However in coming days, domestic markets are likely to remain sideways with mostly a positive bias and its trajectory will hinge on FII inflows, external environment and also on the announcement made by G20 ministers that stimulus measures would continue until recovery is secured.

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Moreover Q2 results are just round the corner and there is optimism for results as advance tax collections registered a positive growth in the second quarter after witnessing a negative growth in the first quarter.

The US Dollar index movement last week kept all asset classes very volatile.

Nifty has support between 4750-4640 and Sensex between 16000-15500 levels.

As the markets are going higher, expect the volatility to increase.

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News Round Up

Economy

Inflation further rose to 0.37 per cent for the week ended September 12, from 0.12 per cent in the previous week due to increasing prices of essential food items.

The wholesale price-based inflation stood at 12.42 per cent during the corresponding week a year ago.

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Capital Goods

BHEL has bagged a Rs 365 crore order from the Nuclear Power Corporation of India Limited for supply of four steam generators for India’s second 700 MWe nuclear power station, being set up at Rajasthan Atomic Power Project, Kota.

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Automobile

Mahindra & Mahindra (M&M), India’s largest tractor maker, is planning to consolidate its stake in Swaraj Engines, as part of a plan to expand the diesel engine business.

路Bajaj Auto Ltd is all set to launch the Kawasaki Ninja 250R motorcycle in India on October 5.

The Ninja 250R is considered to be an entry-level sports bike manufactured by Japanese two-wheeler maker Kawasaki.

The bike would be priced between Rs 1.50 lakh and Rs 2 lakh.

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Oil & Gas

ONGC plans to invest nearly Rs 5,000 crore in appraisal of its oil and gas fields off the country’s east coast, where production is likely to start from mid-2010.

Tata Power, which is implementing the 4000 MW Mundra ultra mega power project, has said it will exceed the 2012 target by 800 MW.

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Retail

Future Group chief Kishore Biyani is looking to hive off hypermarket chain Big Bazaar and list it to unlock value as part of ambitious restructuring and growth plans to become a Rs 25,000-crore group in four years.

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MONEY MARKET & ECONOMIC INDICATORS

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