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“Stocks don't go straight down and stocks don't go straight up. The market's in trouble ? technically, it's in trouble and fundamentally it's in trouble. We're going to bounce around with a downward bias.” - KEN SHEINBERG National Headlines • Axis bank makes Rs. 72 crore Provision in 4 th quarter for foreign exchange derivatives, HDFC set aside Rs. 471 crore. • Reliance Industries LTD. Major petrochemicals industry posted 24% rise in 4 th quarter profit. • Maruti Suzuki net Profit falls by 34% in the 4 th quarter and was RS 297 Crore. • RBI hikes CRR by 50 basis points to 8% that will suck Rs. 18,500 Crore from market to keep inflation under control. • Infosys 4 th quarter net profit grows by 9.2% touching RS 1249 Crore. • Venture Capital & Private Equity funds have raised Rs. 28000 Crore in the year 2007. • SEBI has allowed AMCs (asset management companies) to invest in real estate through guidelines that AMCs have to follow. Fund houses likely to get Rs. 30K- 50K Crore. International Headlines • US financial groups raise $28 billion, Citigroup- $6B, JP Morgan -$6b, Merrill Lynch- $2.5b. • BMW takes $370 million charge due to falling prices a nd rising bad debts in the US. • Arcelor-Mittal plans $10 billion Indonesia deals by buying stakes in Krakatau Steel. • Delta Airlines and Northwest Airlines agreed to merge to become world’s biggest carrier. • GM loses sales to Toyota as it reports 0.6% drop in Q4 Sales to 2.25 Million. • Bank of England unveils £50 billion debt market plans.UBS details its sub-prime losses, the bank’s write downs have swollen to more than $34bn. • Royal Bank of Scotland unveils £12 –bn. rights issue. • Warburg Pincus, the US-based private equity group raised $15billion for its new project. • Citigroup reports $5.1 Billion loss in Q1 . 1 st MAY 2008 Volume 2, Issue 3 …………..Tracking the Economy “The key to making money in stocks is not to get scared out of them.” - Peter Lynch, American Fund Manager Inflation– 7.33% , IIP– 8.7% Issue Attractions National Headlines 1 International Headline 1 Corporate Interview 2 Quiz 2 Student Editorial 3 Investor’s Check/Tag lines/Buzz Word 4 15 days Movements CHAANAKYA CHAANAKYA CHAANAKYA CHAANAKYA Wealth Incorporation - A CCIM Finance Club Initiative Presents 15500 16000 16500 17000 17500 18000 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Sensex Sensex 1000 1050 1100 1150 1200 1 2 3 4 5 6 7 8 9 10 11 12 13 1 4 1 5 1 6 Gold(per gram) Gold 4300 4400 4500 4600 4700 4800 1 2 3 4 5 6 7 8 9 10 11 12 13 1 4 1 5 1 6 Oil(per bbl) O il 39.5 39.7 39.9 40.1 40.3 40.5 40.7 40.9 1 2 3 4 5 6 7 8 9 10 11 1 2 13 1 4 1 5 1 6 17 Rs/$ Rs / $
