European Crisis of clouds in global

European Crisis of clouds in global Markets World stock markets fell this week due to growing concerns about the debt crisis in Europe. It is said that the crisis in Europe is similar to the 2008 crisis that devastated the United States and with it the entire global economy. Greece, in particular, is facing a recession. The Greek Prime Minister's speech on economic policy and the G-7 will be the clock for the next week. The announcement of Barack Obama's plan of billions of U.S. dollars 447 for jobs did not help matters either and the U.S. markets had its six-week decline in seven weeks.

Indian stock markets have managed to stay afloat and posted marginal gains of 0.3% during the week. Heavy buying was witnessed in the consumption sectors. Global markets have fallen, but in different proportions. Germany (6.3%) and France (up 5.5%) were the main losers.However, Singapore (0.6%) and Brazil (1.3%) were able to minimize their losses.

As for the results of the sectoral indices, durable goods (up to 5%) and capital goods (3.4%) recorded the maximum gains. IT stocks fell on disappointment resulting from Obama's plan to create jobs and opportunities for other financial problems in the United States. The metals also fell by 1%.

Now let's look at the major economic events during the week. India has witnessed mergers and acquisitions (M & A) deals of U.S. dollars 2.1 billion in August. This makes a total of U.S. $ 30.5 billion for the year to date. According to Grant Thornton, M & A activity has increased over the past two months. There were 49 mergers and acquisitions in August from the 42 offerings in the same period last year. Telecom has the maximum bid. This was due mainly to acquire stake in Piramal Healthcare, Vodafone Essar.

In other new business, Coal India wants to develop 18 new mines with reserves of around 1.6 million tonnes of coking and thermal coal quality. However, this plan is getting delayed due to regulatory problems. The company had floated tenders, but could not get a response due to the strict conditions in the mines under development.She now plans to float another tender to the conditions eased. If that does not work too, as the company may think that the opening of a global offer for its abandoned mines. Abandoned mines are 6 swimming pools of the East, eight mines of Bharat Coking coal and 4 coal plants.

Pharma major Wockhardt has to clean up its contribution to the union of deposit, the Bombay High Court, could take over the company.According to Justice DK Deshmukh, the pharmaceutical company has to comply with a payment of Rs 4.73 billion and the case is scheduled for hearing on September 21, 2011.The Wockhardt court may consider the sale of its assets for payment, shall declare the date for full refund of contributions. Previously, the bondholders had filed a petition alleging that Wockhardt has gone to a restructuring of corporate debt due to its inability to pay its dues.The pharmaceutical company plans to sell its nutrition business of Danone to respond to the assessment.

In banking, Axis Bank acquisition of securities brokerage and investment banking, Enam last November, faces some obstacles in the Reserve Bank of India. Under the guidelines of the RBI should be a cash transaction and not a stock purchase agreement offered by the axle. The agreement was announced as a matter of all securities worth Rs 20670000000 last year.Enam axis desired action questions to the founders, while bank branch will resume business operations. RBI has rejected this saying that these are two different entities, and this agreement will serve as precedent for other smaller banks that wish to acquire the stake in the brokerage firms.

Movers and shakers during the week

Company	2-Sep-11	9-Sep-11	Change	52-wk High/Low
Top gainers during the week (BSE-A Group)
GTL Ltd	51	70	38.2%	440/49
IVRCL Ltd	35	45	25.7%	174/33
NCC Ltd	55	66	20.7%	172/53
Jubilant Life Sciences	190	222	17.1%	363/149
IRB Infra	146	166	13.6%	293/135
Top losers during the week (BSE-A Group)
Exide Industries	151	137	-9.4%	179/123
Tata Power	1,070	1,002	-6.4%	1440/1006
Allahabad Bank	180	170	-5.3%	267/171
Siemens	900	853	-5.3%	944/711
NTPC	172	163	-5.0%	220/162

Source: EquitymasterTata Power ultra mega power project's flagship (UMPP) at Mundra in Gujarat is facing problems of rising prices of imported coal. This is the result of the mining laws changed to the Indonesian government. Part of the increased costs will be offset by higher coal achievements of its coal mines in Indonesia. The Gujarat government is not willing to pay higher costs. He had previously agreed to buy 2,000 megawatts from there. The project will be fully commissioned by 2012-13.With the new policy, the cost of fuel should increase by about U.S. $ 30-40 per ton. Tata Power may be in trouble if he is unable to pass higher 

Today's Market

The country's largest private sector bank ICICI Bank is prepared to hire 6,000 employees this year. Business Bank is increasing 18-20% per year and the bank is in an expansive mood. It was the opening of new branches and plans to continue doing the same. Therefore, they need more manpower. ICICI Bank seeks to recruit mainly in the input level, either directly or through commercial banks and insurance that the bank has an alliance with.

BSE-30 16,867  (-299) Top Gainers Sep 9, 2011 (Close) HIND. UNILEVER 333.25 2.52% HERO MOTOCORP 2,215.10 2.05% ONGC 261.85 0.34% BHARTI AIRTEL 400.35 0.29% HDFC 660.60 0.23%    NSE-50 5,059  (-94) Top Gainers Sep 9, 2011 (Close) HIND. UNILEVER 333.15 2.59% HERO MOTOCORP 2,222.50 2.43% PNB 966.60 0.45% ONGC 262.20 0.40% HDFC 661.55 0.35% Top Losers STERLITE IND. 130.85 -5.49% HINDALCO 150.25 -5.47% JAIPRAKASH ASSO. 67.70 -4.58% SBI 1,954.90 -3.68% RELIANCE IND. 825.10 -3.33%   Top Losers RELIANCE COMM 83.80 -6.26% AMBUJA CEMENT 138.70 -6.09% HINDALCO 149.90 -5.72% STERLITE IND. 130.65 -5.50% SAIL 112.10 -5.32%