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Friday, July 31, 2009

Advantages of Online Stock Trading

Friday, July 31, 2009

Internet has given a whole new meaning to the financial service industry and changed it in a manner that was never predicted. The online way of doing trade has gained huge popularity due to the comfort and convenience it has offered to the consumers and supplier across the globe. Online Stock trading when came into existence took over the market and crossed the threshold of conventional brokerages in an unbelievable way. Online Stock Trading added ease, speed, and convenience to the industry of commerce.

Online stock trading brokers
have an edge over the conventional brokers and realizing the benefits of internet, they are also creating an online presence for themselves. Since mid ‘90’s, when Online Stock Trading came into being, it drastically transformed the financial services industry and created a strong foothold in the commercial market. Online Stock Trading created a virtual world of trading that is within the reach anyone and everyone. All you need to have is an internet connection and you can log on from anywhere and anytime and carry out your trades stocks Online.

Online Stock Trading gave the Online stock trading brokers an easy and economical way to carry out trade by just holding online trading accounts. There was a rapid boom in the Online Stock Trading scenario due the lower commission structures in comparison to the conventional brokerages. There was also a tremendous increase in the Online Stock Trading accounts and there was a major hike in the transaction volumes. Here is a list of the benefits enjoyed by the online stock trading brokers:

Easy Access: Online stock trading brokers have an easy access to the market with advent of internet as all they need to have is an Online Stock Trading account. The traders can check out real time stock quotes and go through historical stock price trends; this will give them a fair idea about the deal they are entering into. They can also assess the market analysis and do their own research on various firms. They can also interact with the online stock trading brokers via forums or chat rooms.

Eliminate middlemen:
Online stock trading brokers have eliminated the long line of middlemen involved in stock trading otherwise. It allows the traders to invest wisely and make buying and selling of stocks much easier and simpler. It allows the traders to directly contact online stock trading brokers whenever and wherever without any hassle.

Lower commission:
Making an Online Stock Trading account is much more economical then going in for the help of a conventional broker who are always looking for chance to make money out of the client. On the other hand, online stock trading brokers only charge a fixed amount of commission and help you in making deals that are beneficial for you. Traditional brokerage houses turn out to be very expensive which gives the online stock trading brokers leverage in comparison.

Rich Information Source: Online Stock Trading has bridged the gap between the traders and the commercial market. With the help of internet the traders can gain any type of information related to stocks, companies, market trends, etc.

Wider Investment Choice: Online Stock Trading gave the traders a wider choice in terms of investment. They can invest in stocks, bonds, mutual funds, mortgages, insurance, derivatives, futures, options, etc. depending upon their choice. Online investment phenomenon offered an extensive variety of products to the traders.

Quick trade execution:
Online Stock Trading has significantly speeded up the process of commerce. It have made things accessible and available to the traders and decreased the time related to the completion of the overall trading procedure drastically.

Online Stock Trading is a boon to stock savvy individuals as it has opened various avenues of trade for them and made things amazingly easy and convenient.

CompareBroker an affiliate of best online brokerage firms helps consumers compare and search various online brokerage firms, futures trading brokers, low cost discount brokers, top mutual fund companies, investing stocks and bonds in terms of maintenance fees, stocks purchase fees, minimum deposits.

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Thursday, July 30, 2009

Find the Right Wedding Limousine Rental Company

Thursday, July 30, 2009
Looking for a right wedding limousine rental company? Here is some information that will guide you with your search. Cost, services, and limos are three main factors that you need to check to get a great deal at a great price. The information given below will help you to make an informed decision while hiring a limo service for your wedding day.
  • Check the price of the wedding limo services: One of the most important things you need to confirm while taking up the services of a wedding limousine rental company is the cost of services. Different companies have different rates as some of them charge on per hour basis while the others calculate the mileage. It is advisable to get quotes from various companies in order to get the best deal. Evaluate the quotes provided by various wedding limousine rental companies and then select the one that offers best priced limo services. Some of these companies also provide special wedding packages by giving the clients some extra services like in-house Campaign, soft drinks and snacks. Consider all the options available and select the one that matches best with your requirement.
  • Check out the services included in the price quoted: Another important thing that you need to check before making the reservations is the services provided in the cost quoted. Sometimes these wedding limousine companies charge extra for additional services and also apply waiting charges. Therefore, always make sure what all is included in the price that has been quoted to you so that you do not end up paying lot more than expected. Clearly confirm wedding limousine service cost while making the reservations and also if there are any discounts or free services.
  • Check the condition of the limos before making the reservations: It is advisable to go for a wedding limousine rental company that provides well maintained limousines. After all wedding is a very special occasion and everything should be just perfect on this very special day. To ensure there is no problem on the wedding day check the condition of the limo that you are hiring carefully.
Extra Limos, Inc. makes your wedding a wonderful experience by providing you limos that are just perfect for your special day. They have the best wedding limos New York and are known for their superb services. For more information on their wedding limousine service NY, browse through http://www.extralimos.com

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Monday, July 27, 2009

Make Your Wedding Special by Hiring Wedding Limousine Services

Monday, July 27, 2009
Wedding is one of the most special occasion and the memories of this event are cherished for years to come. To make this beautiful day a memorable one for the bride and groom, make them feel like a king and queen by arranging for wedding limousine service NY. Limo is emblem of royalty and status and the luxury it offers makes it the best choice for wonderful occasions like weddings. There are many wedding limousine rental companies that provide well maintained limos and trained chauffeurs for auspicious occasions like weddings.

Special Wedding Packages for a Memorable Experience

Many of the wedding limousine rental companies provide special wedding packages which includes embellishing the limo with “just married sign” banner and providing the couple with champagne and soft drinks on their way to the wedding venue. The wedding limousine rental companies take the complete responsibility of the travelling concerns of the bride and groom and also all the wedding guest. These luxury cars add to the mood and aura of the celebration.

Wedding limo service NY for wedding Planners

Hiring a wedding limo services by the wedding planners can not only help them execute their wedding plans successfully but also increase their business significantly. If you are a wedding planner then you must arrange for luxury limo for the wedding couple that would not only travel them to the church, but also to the departure point of their honeymoon. Arriving and leaving in the limousine will make the couple feel special and the luxury of the car will add to the romantic ambience of the celebration. Many of the wedding limousine rental companies provide heavy discounts to the wedding planners to make them their repeat customers.

Find the right wedding limousine rental company

There are many wedding limousine rental company in the New York City that offer amazing services. It is very essential to book limousine for your wedding from a company that is reputed and have good track record. Another thing that you must take care of before making the reservations is your budget and requirements. Hire a wedding limo that is beautifully decorated and bundled with facilities. Make the day of wedding special by going for the best wedding limousine rental company that offers excellent services.

Make a brilliant move by selecting Extra Limos, Inc. and get excellent wedding limousine service NY. For more information on wedding limousine rentals browse through http://www.extralimos.com

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Gaiole In Chianti, Italy Named The Number One Most Idyllic Place To Live In Europe By Forbes

Dreams of Tuscan life have long infiltrated the minds of people all over the world thanks to the lure of Italy and from highly publicized media such as the movie Under the Tuscan Sun. The rolling hills of this alluring countryside are certainly the most famous in the world. Even the name for the color Siena is derived from the notable Renaissance location. Words simply cannot adequately describe the beauty of this region"s hills. The tranquility that overcomes your spirit when riding through the hills reminds one of the sensations of swimming in calm ocean waves. The ever-changing landscape coordinates with the seasons, providing eclectic scenery throughout the year. The quietude of the town is charming and quaint, appealing not to those of large city orientation, but to those who love to take in the fresh air and appreciate what the Earth has to offer. The average temperature is around 68 degrees F (20 degrees C).

The understated zeal and emotionality that the landscape elicits upon visiting is unimaginable. Visitors and locals alike can simply feel the romance in the air. This area is tranquil, elegant, and satisfactory. Upon first glance of the Tuscan hillside, you feel pure bliss, as though there were nowhere else in the world to be at that very moment. It immediately feels like home. Hardly any other place in the world offers such contentment and fulfillment. The hills tug at your heartstrings, begging you to come and experience the life they have to offer.

It is important to remember however, especially for Americans or UK citizens moving to Tuscany, that the Tuscan way or daily life is completely the opposite of what most expatriates are accustomed to. Things are done slowly and traditionally, shopping happens daily rather than weekly or monthly as they like their food fresh. Large quantities of things are difficult to find, and stores with everything you are searching for in one place do not exist. If you are ready to take your life and slow it down significantly, Tuscany is the place for you. However if you appreciate the bustle of the city, modern stores, and eclectic foods, this is not the place for you. Tuscany caters to those who fully appreciate, understand, and value Italian traditions and customs.

If you are considering moving to Europe any time in the near future, it is important to consider now. Exchange rates are much lower than usual, so you can get more for your money if you purchase now. The perfect way to decide if the Tuscan hillside down of Gaiole or anywhere else in Chianti is right for your family is to visit. By visiting www.CasaInToscana.com, you can find the perfect villa for your family and begin your Tuscan dream life.

About the Author:
Filippo Gargani owns and manages Italy"s Finest, a creative Luxury Travel italy and Destination Management Company arranging out-of-the-ordinary experiences and is an expert on vacation packages, chianti wine tours, florence apartments, luxury food and short breaks life style and leisure activities in Tuscany and Italy. For more info you can visit http://www.italysfinest.com

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Thursday, July 23, 2009

Hire Prom Limousine Service for That Once In a Lifetime Event

Thursday, July 23, 2009
Hire a fancy limo for the prom night and create an impression on your friends. Make the night extra special by renting a luxurious limo, and travel in style. Prom night is a very special occasion in a person’s life and all of us wish to make it a memorable one. Hiring a prom limo service from a professional Prom Limousine Service company ensures you fully of your travel arrangements.

To find the right Prom Limousine Service Company do a thorough research as the prices of different companies may vary depending upon the services provided by them. Price, availability, reliability, and attention to detail are some of the factors that should be kept in mind while taking up a prom limo service. Verify the payment method and the services offered and also if they would take extra waiting charges in case prom lasts a little longer than expected. Check the company policies carefully before finalizing the deal.

One thing that you must assure before hiring any prom limo service company is that it should be complaint with state law of teenage drinking. Many of these companies also provide additional services and supply snacks and soft drinks along with the transportation services to make traveling enjoyable for their clients. After you have decided on the company that you wish to hire, it is time to make reservations to assure that the limo is available on the required date.

Do not wait to make the reservations as prom season is a busy season for the prom limo service companies and delay in reservations can affect the availability significantly. To get the limo you want make the bookings as soon you have reviewed the quotes and made your decision. While making reservations you must tell the company that services are for a high school prom or homecoming for teenagers and therefore there should be no alcoholic beverages served in car. After you have made the reservations, it is advisable to call the limo service company to confirm the pickup time, day and date so that there is no confusion.

Today, there are a lot of companies that offer prom limousine services but it is advisable to go for a company that is licensed and also provide chauffeured services. The company should have high standards and well maintained limos.

Extra Limos, Inc. is one of the leading companies that provide outstanding prom limousine services. It caters to all your traveling needs by providing luxurious limos. For information on prom limo services, browse through http://www.extralimos.com

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Monday, July 13, 2009

India's First Wal-Mart Draws Excitement, Not Protest

Monday, July 13, 2009
AMRITSAR, India -- The wide, clean aisles of India's first Wal-Mart are nothing like Kavita Gopal's usual shopping haunts. There are no bicycle rickshaws careering past her as she buys sacks of rice, no humor-filled haggling over the price of an egg and no demanding neighbors yelling down from their windows for shopping favors.

"It's so relaxing and bright in here. It's like a really enjoyable day trip," cooed Gopal, a 22-year-old housewife who wore a mustard-colored sari as she slowly pushed a giant wagon through the air-conditioned superstore.

For shoppers like Gopal, the arrival of the world's largest retailer in one of the world's largest marketplaces has brought more praise than protest. In recent weeks, crowds have swarmed the store, located on the Grand Trunk Road, the ancient and fabled trade route that stretches across India and into Pakistan.

They all want to get a glimpse of the warehouse-like store and its neatly organized bulk packages of sugary fruit juice, flat-screen televisions and tubs of Indian sweets. Although Wal-Mart has occasionally been the subject of controversy in the United States, the store here -- BestPrice Modern Wholesale, a joint venture with India's Bharti group -- has drawn excitement and wonder.

"In Punjabi, we have an expression: When there is a wedding, everyone flocks to see the new bride," said Kamal Gambhir, a wholesaler whose congested offices are located in this city's oldest bazaar. "I myself had returned from a trip and came back to hear little children asking, 'Where is the new Wal-Mart?' I told them it's on our most historic road."

The Wal-Mart also happens to be in the middle of utter mayhem. On a recent day, merchants of watermelons and cold water maneuvered their rickety pushcarts through a nearby tumble of traffic; an ice cream cart competed for space with a feather-duster hawker and a bone-thin man in his underwear brushing his teeth on the side of the highway.

The Grand Trunk Road, in that sense, still resembles the Grand Trunk Road described by Rudyard Kipling more than a century ago: "a river of life as nowhere else exists in the world."
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To protect its smaller merchants, the Indian government has ordered that Wal-Mart sell only to wholesalers, as well as business owners and their families and friends, a move that has eased the tensions among the merchant associations and left-wing political parties. Business owners are allowed to grant access to the store to up to three friends and family members, and many others are clamoring to borrow membership cards for a chance to benefit from the low prices.

Even so, Wal-Mart is unlikely to beat the wallahs, as many of the workers offering their wares are known. After all, experts say that only 3 percent of India's retail market is organized domestically.

Meanwhile, the Indian government -- wary of upsetting wallahs and political factions -- has been careful to limit foreign investment in single-brand retailers. Sweden's IKEA, the world's biggest furniture retailer, recently called off a $1 billion investment plan due to the restrictions, according to reports in the Indian news media.

Wal-Mart has also been mindful of local sensibilities. It has pointed out, for example, that more than 90 percent of its shelves here are stocked with Indians' favorite products, as well as household names such as Amul, a butter and dairy brand.

That's not to say everyone is welcoming Wal-Mart. India Foreign Direct Investment Watch, a national coalition of labor unions, environmentalists, nonprofit groups and academics, has said that the company will eventually hurt shopkeepers, even if its store is not open to everyone in the general public.

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Friday, July 10, 2009

Stock Market-Trading Secrets Tips-Tricks Advice Trends Stock Market of India

Friday, July 10, 2009
While making an investment in Indian stock market there are lots of thing you should consider before it. I will guide you most important thing and tips that you can implement while making any investment in stock market of India. These stock market tips and tricks are based on many years of expertise experience and as a professional expert in Indian stock market. These are the Stock market secrets ........

Buy at low and sell at high: - This is way to make money in stock market that you should buy at lower prices and should sell at higher prices. It determines the success and failure of an investor in stock market of India. Stock Market Trend: - If you want to be a successful investor in stock market of India you should have perfect idea of stock market and what is going on in the stock market. For this you should have up to date with Indian stock market news.

If stock market is going up try to search out reason behind it. If market is going down then also try the same. Make your mind calculation with these points and then come to a final decision whether you should keep sell or buy. Down and up it is the duty of stock market of India. Stay longer with stock market may result in profit or may be results in loss, it’s totally depends upon the reason why these major up downs have been taking place in stock market. In case you have got the right point than you will get otherwise loss.

Current Trend of Stock Market: - As per current trend of stock market it has been seen that once stock market rise at higher speed it down also with same speed and if stock market have gone down there is more possibilities of getting up. This is the current market trends but it can be change in future.

Keep patience: - Patience is also plays a vital role in your winning and losing. In stock market many people’s take immediate decisions which can result in big losses later on. This is the nature of stock market every step should be taken after a deep thinking and consideration.

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Wednesday, July 8, 2009

BSE Sensex to open cautiously, outlook hazy

Wednesday, July 8, 2009
People watch a large screen displaying India's benchmark share index on the facade of the... Enlarge Photo People watch a large screen displaying India's benchmark share index on the facade of the...

Thu, Jul 9 09:44 AM

NEW DELHI (Reuters) The BSE Sensex is expected to start cautiously on Thursday after dropping to their lowest close in more than a month in the previous session, and uncertainties about a global economic recovery will keep investors wary.

There are concerns robust foreign fund inflows, which had lifted the main stock index by nearly half in the June quarter, could slow down sharply and even reverse if there was more pain for the world economy.

Shares in DLF Ltd will be in focus after the Economic Times cited two unnamed company executives as saying the top listed developer had sold its stake in an equal joint venture with Ackruti City to a U.S.-based real estate fund for more than 2 billion rupees ($41 million).

V.K. Sharma, head of research at Anagram Capital, said any pullback would be shortlived.

"We still believe the levels before elections will be revisited," he said, referring to around 12,000 points for the BSE index before the ruling coalition won re-election in

mid-May and sparked a big surge.

The benchmark, which dropped 2.8 percent on Wednesday to 13,769.15, has fallen 7.7 percent this week after the budget disappointed investors on Monday.

Still, it is up 42.7 percent this year after rallying for 16 of the last 17 weeks.

Foreign funds, a major driver for stocks, have poured in $5.8 billion so far in 2009, but there is little clarity on the outlook.

Asian markets were mostly weak with Japan's Nikkei average falling 0.5 percent, hurt by a strong yen, while the MSCI index of Asia-Pacific shares excluding Japan was

little changed.

Nifty futures traded in Singapore were up 0.3 percent at 0345 GMT.

Wholesale price index due around 0630 GMT will be watched. The WPI is forecast to have fallen 1.47 percent in the 12 months to June 27, a fourth straight fall, according to a Reuters poll of 10 analysts.

STOCKS TO WATCH

* IOL Netcom Ltd after its board approved raising up to 2.5 billion rupees.

* Amtek group firms Amtek Auto Ltd, Amtek India and Ahmednagar Forgings after their respective boards approved raising funds by issuing warrants to founders.

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Sensex claws back, stabilises

A day after plunging 869 points on Budget shock, the benchmark index of the Bombay Stock Exchange (^BSESN : 13760.74 -409.71), Sensex, on Tuesday gained 127 points in hindsight and low selling pressure. The projected fiscal deficit of 6.8 per cent and silence on disinvestment plans in Finance Minister Pranab Mukherjee's budget speech caused the market to tumble intra-day. However, it recovered by the end of the day's trade as sentiments stabilise and sellers held on to stocks, and the Sensex gained 0.9 per cent to end at 14,170. The national Stock Exchange's Nifty (^NSEI : 4078.9 -123.25) also closed 0.8 per cent up, or 36 points, at 4,202.Auto, FMCG and capital goods gained most while PSU and oil and gas were the major losers. Shares of Reliance Natural Resources Ltd and Suzlon witnessed high number of trades.

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80 Stocks in BSE tremble, due to 'Tech snag'

Bangalore: On Thursday, the markets witnessed an unusual trend when the prices of nearly 80 stocks listed on Bombay Stock Exchange (BSE) were altered by almost 20 percent. The stocks that belong to the 'S' and 'Z' categories usually attract five percent circuit breakers. According to market players, BSE did not issue any clarification during the day, nor did they halt trading at these counters to check the defect.


A senior BSE official told Business Standard that there was a 'Technical snag' and trading would resume on Friday with normal circuit breakers, however, he failed to throw light into the nature of the snag. According to market sources, some brokers were planning to take legal action against Securities and Exchange Board of India (Sebi).

Out of the 80 stocks, 30 of them rose over 10 percent and 12 stocks went down by more than 10 percent. Brokers were also asking for additional margins from clients as these erroneous trades had caused them huge losses. Experts feel that this problem occurs when the exchange does not reverse 'Illogical or artificial trades', the price of a particular stock, which is part of this error, remains at a level that it could have never touched in the future. Proper action and withdrawal of all such trades is the need of the hour according to the experts.

A technical glitch was also noticed in the New York Stock Exchange (NYSE), on Thursday which is the third glitch in a row for the stock exchange in less than a month. Brokers on the Wall Street trading floor, run by NYSE Euronext, had trouble routing orders for more than an hour early in the session. This problem forced the extension of the trading day in NYSE by 15 minutes to finish executing orders.

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Tuesday, July 7, 2009

Stock Options: Making Money Still Possible in a Volatile Market

Tuesday, July 7, 2009
After the last 12 months, investors have a greater understanding about the risks involved with investing in stocks. Perhaps we have all realized that we do not have as much tolerance for risk as we thought we had.

In particular, those nearing retirement have gained renewed appreciation for owning fixed income investments and living debt free. Some maybe questioning whether stocks should be included in their investment portfolio at all, which I would answer yes, but that's an issue for another day.

So how can one go about making money or preserving what he or she has in a volatile market like the one we are witnessing today? Investors should consider using call and put options or structured notes to help reduce the risk of their current investments through broader diversification, and to potentially increase returns.

Call and put options can be used to either speculate on the moves in the market or to hedge your investments against a decreasing market. A call option gives you the right, but not the obligation, to buy an investment in the future at a price agreed upon today. Conversely, a put option gives you the right, but not the obligation, to sell an investment in the future at a price agreed upon today. Call and put options have been used by stock market investors essentially since markets first came into existence.

Structured Notes are prepackaged investment products that use puts and calls to hedge and/or speculate on stock market moves. Investors should consider investment strategies that are designed to reduce your investment risk and be additive to investment returns.

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Friday, July 3, 2009

Property Investment Opportunities

Friday, July 3, 2009
Property is considered one of the most valuable fixed assets which continue to appreciate with time. Making property investments is a very crucial decision as it involves lots of money. If you are planning to buy another house or apartment then you must take help of some residential property agents. But, if you wish to invest in some commercial property then professional commercial property agents can help you the best.

With the slump in the market the property rates have really dwindled, which makes it the best time for property investments. It is the best time to buy residential and commercial property as the prices have really gone down. It is the time of opportunity to get the best value of your money; property agents can help you in getting best deals on your property investments.

As, the property prices have gone down drastically, it is the best time for making strategic property investments. You can make maximum out of the low property costs with the help of your property agents. Property agents have complete knowledge of the market trends and have complete information about the areas in which property rates have slash down.

Property agents provide you with complete valuation of the property according to market prices before you make the investments. The drop in the prices has made it possible for you to buy property that was otherwise not within your reach. Property agents can do the market research and guide you making an informed decision and a valuable purchase.

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Selecting the Right Construction Contractors for Your Custom Home

There is no dearth of building and construction services providers in the market but it is very important to make the right selection. This article contains valuable information that will help you in selecting the right construction contractor and make an informed decision. For building your dream house you should only trust professional construction contractors, who have experience and expertise both.

The best way to know about the construction contractors is from the property agents. Property agents have good knowledge about the local building and construction services providers and they can also brief you on their reputation and the quality of their work.

The second way to know about the local construction contractors is by getting reference. Before making any final decision visit some of the houses that are made by the building and construction services providers that you have short listed. This will give you a fair idea about their work and also the goodwill of the construction contractors.

As, it is an ongoing relationship of more than a year with the construction contractor till the house is ready, it is advisable to select a construction contractor who has a good image in the market to avoid dispute. It is very important to establish a great working relationship as this help in keeping the project on track and minimize the hassles related to cost and changes in the blueprints.

It is very important to investigate about the construction contractor you are planning to hire. And, also make it very clear to your construction contractor the kind work you are expecting. Be clear about the construction price before hand and also be prepared for some extra expenses if there are deviations in the plan.

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Thursday, July 2, 2009

GLOBAL MARKETS - Asia stocks slip, drop limited after U.S. data

Thursday, July 2, 2009
Asian stocks retreated on Friday and the dollar edged up after a disappointingly big drop in U.S. employment prompted investors to pull back from commodities, resource-linked shares and higher-yielding currencies.

But the equity market decline across Asia was limited as the report showing that U.S. companies slashed nearly half a million jobs in June did not shake hopes that a slow recovery is under way.

The Australian dollar, whose 12 percent surge against the U.S. dollar this year has been closely tied to the four-month rally in stocks, edged up as the U.S. payrolls report had limited fallout.

Analysts at Rabobank said the U.S. jobs report was a "reality check" for investors who had become overly optimistic about how quickly the global economy could recover from its deepest recession in decades.

Oil and copper extended their slide. U.S. crude struck a one-month low and was down 27 cents a barrel at $66.46. Government bonds jumped, with the benchmark Japanese 10-year yield touching a three-month low.

"Share losses were limited as investors here did not necessarily take it as a sign of a further slowdown of global economies. Belief that economic fundamentals are near their bottom is still firm here," said Won Jong-hyuck, a market analyst at SK Securities in Seoul.

The MSCI index of Asia-Pacific shares outside Japan dipped 0.6 percent and was down about 1 percent during the first three trading days of the third quarter.

In the April-June quarter, the MSCI benchmark for Asian shares surged 32 percent -- its biggest quarterly gain since 1993 -- on investor hopes that Asia's emerging economies would help lead the global economy out of the doldrums.

Japan's Nikkei average shed 1 percent, dragged down by a 6.3 percent slide in Seven & I Holdings when the operator of department stores and supermarkets reported an unexpected drop in quarterly profit. Shares of oil distributor Nippon Oil lost 2.6 percent.

Asian stocks held up relatively well after the U.S. S&P 500 slid 2.9 percent on the jobs data. U.S. markets are closed later in the day in observance of the Independence Day holiday on Saturday.

In currencies, the dollar edged up as investors favoured the greenback as a safe haven while positions in riskier currencies and assets were cut.

The dollar index, a gauge of its performance against six major currencies, edged up slightly to 80.324 .

The euro slipped slightly to $1.3990 from near $1.4003 in late New York trade, down from a one-month peak near $1.42 hit earlier in the week and hit by hedge fund selling before the long U.S. weekend. The dollar was little changed at 95.96 yen .

The worries about the recovery outlook added fuel to gains in government bonds.

The 10-year JGB yield was down 2.5 basis points at 1.330 percent, with some buying spurred after an auction of the maturity found solid demand the previous day despite a bigger monthly amount to help pay for stimulus spending.

But Japan's low yields have prompted domestic investors to go abroad in search of higher returns.

Data from the Ministry of Finance on Thursday showed domestic investors snapped up 1.53 trillion yen ($16 billion) of foreign bonds in the weekend ending June 27, the biggest such weekly purchases in four years. Analysts said those purchases were mainly concentrated in U.S. Treasuries.

Benchmark U.S. Treasury yields are about 2.2 percentage points above JGB yields, holding near the widest such level in eight months and making them attractive to Japanese investors.

News Source : GLOBAL MARKETS - Asia stocks slip, drop limited after U.S. data

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Wednesday, July 1, 2009

BSE Sensex volatile ahead of economic data

Wednesday, July 1, 2009
The BSE Sensex see-sawed in early trade on Thursday as investors awaited key economic data later in the day that could outline a roadmap for economic policy measures.

State-run oil firms led by Oil and Natural Gas Corp were key gainers after India unexpectedly raised gasoline and diesel prices, while Reliance Industries was weak over uncertainty on a gas supply deal with a former group firm.

The index opened up higher but quickly slipped to negative territory.

"Caution is visible in the market trend. There has already been a strong run-up, and that is weighing. Nobody is willing to hold onto large positions," said D.D. Sharma, senior vice president at Anand Rathi Securities.

"The real direction for the market will only come after the Budget," he said.

The annual economic survey is expected to be presented in Parliament around noon (0630 GMT) and could be an indicator to the policy direction to be outlined in the budget next week.

Investors expect the government to unveil pro-reform measures in the budget such as a auction of third-generation wireless spectrum and stake sales in state firms to raise cash.

Oil firms led the gains on hope of easing subsidy burden incurred from selling products at discounted rates. On Wednesday, the government raised petrol and diesel prices by as much as 10 percent, the first increase this year.

ONGC shares were up 4.2 percent at 1,096.85 rupees, oil marketing firm Indian Oil Corp rose 3.1 percent to 558 rupees, Hindustan Petroleum Corp gained 2 percent to 317.50 rupees, while Bharat Petroleum Corp added 1.2 percent to 459 rupees.

Top aluminium producer Hindalco was up 1 percent at 84.25 rupees after lenders agreed to relax terms of a $982 million bank loan. The stock had slumped on Wednesday after it reported profits fell sharply in 2008/09.

Among key losers, Reliance Industries was down 0.4 percent to 2,052 rupees after it said it would appeal to the Supreme Court against a ruling to enter into a gas supply deal with former group firm Reliance Natural Resources Ltd on unfavourable terms.

Shares of auto firms were also weak on worries over higher fuel prices hitting demand for vehicles. Auto stocks had rallied on Wednesday as data showed most brands posted strong monthly sales growth.

Top car maker Maruti Suzuki was down 1.4 percent at 1,055.55 rupees, largest vehicles maker Tata Motors slipped 0.9 percent to 296.50 rupees, while two-wheeler maker Hero Honda fell 0.8 percent to 1,387 rupees.

Weekly inflation data, also expected around noon, is also in focus. A Reuters poll of analysts forecast the wholesale price index to have fallen 1.35 percent in the 12 months to June 20

In the broader market, 1,244 gainers outpaced 697 losers on average volume of 93 million shares.

The 50-share NSE Index was up 0.1 percent at 4,295 points.

TOP 3 STOCKS BY VOLUME

* Jagran Prakashan on 5.7 million shares

* NIIT on 5 million shares

* Satyam Computer on 4.1 million shares

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BSE Sensex rises 1 pct; Reliance, autos gain

The BSE Sensex (^BSESN) rose 1 percent on Wednesday after data reinforced signs of an economic recovery, but trading was choppy as investors took profits ahead of an updated budget next week.

Gains were led by Reliance Industries (RELIANCE.NS) after the energy giant said it could not sign a deal to sell gas at below state-set prices to a former group firm without the government's approval.

Auto shares climbed after top car maker Maruti Suzuki, leading utility vehicles producer Mahindra & Mahindra and motorcycle maker Hero Honda Motors all reported double-digit sales growth in June.

Hindalco Industries (HINDALC0.NS) fell 3.5 percent to 83.40 rupees after the top aluminium producer posted a 78 percent slump in 2008/09 consolidated profit.

Manufacturing activity expanded for a third straight month in June, albeit at a slightly slower pace, reflecting strong local demand, data showed on Wednesday.

Still, investors only took trading positions as they awaited policy direction from the budget on Monday, traders said.

"There has already been a good run-up in the market, and people are going for safe positions so they can deal with any unexpected negativity," said Tejas Doshi, head of research at Sushil Finance.

The 30-share BSE index rose 1.05 percent, or 151.63 points, to 14,645.47 points, with 25 components closing higher. It slipped nearly 1 percent in the afternoon before pulling back.

The benchmark had rallied by almost half during April-June in their best quarterly gain in 17 years, but investors are wary their expectations on the budget may be too high.

"The volumes are strong, but people are taking more daily positions. Future direction should only be known after the budget measures," said K.K. Mital, chief executive for portfolio management services at Globe Capital Market.

Finance Minister Pranab Mukherjee is likely to announce plans to sell shares in some state run firms to help fund rural and social programmes, but the cash-strapped government could expand the budget deficit and its market borrowing.

Reliance Industries, which has the heaviest weight in the main index, rose 1.7 percent to 2,057.35 rupees after its statement late on Tuesday on the gas deal eased concerns its profits could be affected.

Financial stocks rose in anticipation of budget moves to help attract more investments in the sector.

Top lender State Bank of India (SBIN.NS) firmed 2.2 percent to 1,779.80 rupees, ICICI Bank (ICICIBANK.NS) gained 1 percent to 729.25 rupees and HDFC Bank added 0.7 percent to 1,502 rupees.

Mahindra & Mahindra rallied 3.2 percent to 714.35 rupees after its June sales rose 19 percent, while Maruti gained 0.4 percent to 1,070.15 rupees as its sales climbed 23 percent.

Top vehicles maker Tata Motors (TATAMOTORS.BO), expected to report monthly numbers later Wednesday, was up 2.8 percent at 299.30 rupees.

Consumer goods maker Hindustan Unilever closed up 2.1 percent at 272.70 rupees, after hitting a 52-week high of 275.20 as investors bet strong local demand would boost revenues.

In the broader market, losers outpaced gainers in the ratio of 1.06:1, on above-average volume of 373.5 million shares.

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BSE Sensex seen up, data eyed ahead of budget

The BSE Sensex (^BSESN) is seen higher on Thursday as investors focus on economic data that could be an indicator for policies included in the budget next week.

Shares of state-run oil firms will be in focus after the government unexpectedly raised gasoline and diesel prices by as much as 10 percent late on Wednesday, a move that will ease the subsidy burden on these firms.

"Now is the time many investors will look to get in the market. The major reaction should be from the Economic Survey announcements," said Vinod Bansal, director at ficuswealth.com.

He expects the market to rise up to 2 percent on Thursday.

The annual economic survey, ahead of the Budget, is expected to be presented in Parliament around noon (0630 GMT), while weekly inflation data is also expected around the same time.

Investors expect reforms in the budget such as a 3G wireless spectrum auction and stake sales in state firms to raise cash.

On Wednesday, the 30-share BSE index rose 1.05 percent to 14,645.47 points after manufacturing data reinforced signs of an economic recovery.

Asian stock markets were largely positive ahead of the latest U.S. payrolls reports. The MSCI index of Asia-Pacific shares excluding Japan was 0.6 percent higher, while Japan's Nikkei was up 0.04 percent.

Nifty (^NSEI) stock futures trading in Singapore were up 0.67 percent, indicating a strong opening in India.

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BSE Sensex opens higher ahead of economic data

MUMBAI (Reuters) - The BSE Sensex (^BSESN) opened 0.3 percent higher on Thursday ahead of the annual Economic Survey that could be an indicator for policies included in the budget next week.

By 9.57 a.m. (0427 GMT), the 30-share BSE Index was up 0.07 percent at 14,655.17 points, with 15 stocks gaining.

The 50-share NSE (^NSEI) index was up 0.14 percent at 4,347.05 points.

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Investors seek fiscal prudence, low on budget expectations

With markets having factored in the positives already, investor expectation from the Budget is low. However, they believe that fiscal prudence from the government could spring a positive surprise.

A survey of clients by ICICI (ICICIBANK.NS) Securities, the brokerage subsidiary of ICICI Bank, revealed that while investors do not expect Budget outcome to dampen markets, exemption on minimum-alternate-tax (MAT) for infrastructure would be a positive.

At the same time, lack of increased incentives for housing, withdrawal of excise stimulus for FMCG, lack of tax-exemption extensions for IT (small-caps) and under-provisioning of fertiliser subsidies could cause market hiccups.

Almost all investors believe that increase in FDI limits is imperative for stock markets but almost half of the surveyed did not expect to see any change. A high percentage expected government to take populist measures and sceptical of fiscal prudence. Investor expectation is high on divestment front and infrastructure spending.

Despite low downside possibility, 55 per cent investors expect markets to move up, between 10 per cent and 30 per cent. Around 33 per cent expect markets to be range bound between +10 and -10 per cent. Surprisingly, the issue of securities transaction tax (STT) does not feature high on the investors list. Seventy per cent of investors surveyed by ICICI Security said that they do not expect the Budget to address the issue.Expectation on government to focus on infrastructure spending for the power is high. The contrary could prove negative for stocks. Ninety-five per cent do not expect government to negatively impact PSU banks by waive loans. The survey said that despite low Budget expectation, a strong government can push-through major policy changes which, coupled with earnings improvement, and could boost markets.

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India Shares End Slightly Higher; Reliance Industries Leads

MUMBAI (Dow Jones)--Buying in metals, coupled with a near 3% rise in the nation's most valued company, Reliance Industries, offset selling in technology and select blue chips as Indian shares ended slightly higher Monday.

The Bombay Stock Exchange's benchmark Sensitive Index, or Sensex, added 0.1%, or 21.10 points, to close at 14,785.74 after trading between 14,685.45 and 14,955.55.

Dow Jones technical analysis tips the 30-stock Sensex, which rose 1.7% last week, to trade in a 14,200-15,700 range this week.

On the National Stock Exchange, the 50-stock S&P CNX Nifty index rose 0.4%, or 15.45 points, to 4,390.95.

"After the Sensex's recent 7.4% fall from the peak on 10 June 2009, we believe that the Indian market is now fairly valued on an overall basis," Nomura analysts Prabhat Awasthi, Nipun Prem and Sanjay Kadam wrote in a note.

"An improvement in the macro outlook, a possible roadmap to fiscal consolidation and an extremely accommodating liquidity environment mean that risk to the downside would be limited," they said, setting a 12-month target of 16,400 for the Sensex.

Total traded volume on the Bombay Stock Exchange was INR60.54 billion, compared with Friday's INR55.13 billion. Gainers outnumbered decliners 1,686 to 964, while 73 stocks were unchanged.

Investors hunted for bargains in metals after their underperformance last week. Sterlite Industries surged 5.7%, the most on the Sensex, to INR646.70, Tata Steel jumped 2.4% to INR397.15, while Hindalco also ended up 1.3% to INR87.80.

Heavyweight Reliance Industries, which has a 15.2% weight on the Sensex, rose 2.8% to end at INR2,084.95, after underperforming with a 0.5% gain last week.

DLF, up 3.2% to INR338 and Oil & Natural Gas Corp, up 2.6% at INR1,068.05, were among the other Sensex gainers.

However, Tata Motors ended as the biggest percentage loser on the Sensex, plummeting 7.8% to INR313.75 as analysts raised concerns over the company's financial health after it late Friday reported a consolidated net loss of INR25.05 billion in the fiscal year ended March 31.

Sun Pharmaceutical Industries lost 3.5% to end at INR1,100.35, adding to its 12.2% loss Friday.

The company Saturday withdrew its sales guidance for the current fiscal year, following the U.S. Food and Drug Administration's seizure of drugs made by its U.S. unit, Caraco Pharmaceutical Laboratories, last week.

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Jaypee to focus on domestic tourists

Hospitality chain Jaypee Hotels, which has been impacted by the drop in foreign tourist arrivals, is now focusing on domestic travelers to rake up revenues. The hotel chain has already slashed room rents by 25 per cent.

December was quite a wash-down for us because of the Mumbai attacks. About 60 per cent of the group bookings have been cancelled since then because of the economic slowdown in the US and the UK, which account for maximum foreign tourist arrivals," Manju Sharma, marketing director of Jaypee Hotels, told Financial Chronicle.“We are now looking at the domestic market. To save money, Indian households are now thinking of domestic travel”, she added.

The chain has initiated several cost-cutting measures to beat slowdown blues. It is cutting down on miscellaneous expenses and has frozen air-travel for senior staff. In another such initiative, the hotel chain has struck a bargain for purchasing food items.“We have reduced room rents from Rs 12,000 to Rs 9,000 for the first quarter of 2009,” Sharma said.

The company closed 2007-08 with a top-line growth of 27 per cent at Rs 173 crore. However, the company does not anticipate any growth in revenues in the current financial year. “I think growth will be zero this year because trends are not encouraging. Our revenues in 2008-09 are likely to remain unchanged,” Sharma added.

The hospitality firm is in the process of building its fifth hotel in Greater Noida, Jaypee Greens Spa Resort, with 200 rooms. The resort is planning a tie-up with Thailand-based spa chain ‘Sixth Sense’. The resort is expected to be operational before the start of the Commonwealth Games in 2010. For more details about Jaypeehotels services please visit http://www.jaypeehotels.com

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