Bulls & Bear Hfund of India

Stocks closed lower, Tuesday, finishing near their lows for the session and snapping a four-day winning streak as Congress continues to wrangle over terms to extend the nation's borrowing authority and end the partial government shutdown. House Republicans were reportedly planning a vote late Tuesday evening, although it was far from certain the measure had sufficient support to win passage. Senate leadership also has been working on compromise legislation, although that measure apparently has been on hold until a House deal emerges.  Earnings Distraction A fresh slate of financial results helped provide a much-needed distraction to the fiscal discord in Washington. Citigroup ( C ) ended lower Tuesday after posting earnings and revenue lagging both year-ago comparisons and analyst projections. Johnson & Johnson ( JNJ ) close slightly higher after beating consensus opinion with its latest EPS and sales. The healthcare conglomerate also increased its FY13 guidance.  Economi...

The industrial output data for the month of August came in at a lower-than-expected 0.6 percent versus 2.8 percent in July. A CNBC-TV18 poll had pegged the number at 2.5 percent. The July IIP data was revised to 2.8 percent against 2.6 percent earlier. The manufacturing sector witnessed a contraction of 0.1 percent versus a growth of 3 percent in July. Consumer goods sector also witnessed negative growth of 0.8 percent. Capital goods sector also contracted at (-)2 percent versus 15.6 percent in July. While the basic goods production grew at 1.5 percent versus 1.7 percent in July, the electricity sector production grew at 7.2 percent versus 5.2 percent in July.  The non-durable goods growth was reported at 5 percent versus 6.8 percent in July. PMEAC chairman C Rangarajan said the data is certainly disappointing. However, he expects an improvement in the data as the year progresses. “I am really hoping for a better performance in the second half. Going ahead, I think...

1) What is US government shutdown? A government shutdown in US basically implies that that the government will stop providing funding for all but essential services. This situation usually arises when the President, the Senate and the House are unable to agree on a budget that is important for the functioning of the government. 2) Has this happened before? The last shutdowns occurred during the budget battle between the Republican-controlled Congress and President Bill Clinton in late 1995. Much of the federal government was closed for five days in November 1995 and then from mid-December 1995 to early January 1996. 3) When is the deadline? There are two deadlines. First is October 1 which is a new budget year in the US and requires Congress to pass a spending bill to allow agencies to stay open. Second one is October 17 which requires Congress to increase the government's $16.7-trillion debt ceiling to avoid a first-ever default on its payments. 4) What is...

The U.S. government began its first partial shutdown in 17 years, idling as many as 800,000 federal employees, closing national parks and halting some services after Congress failed to break a partisan deadlock by a midnight deadline. Congressional leaders have scheduled no further negotiations on spending legislation, raising concern s among some lawmakers that the shutdown could bleed into the more consequential fight over how to raise the U.S. debt limit to avoid a first-ever default after Oct. 17. Enlarge image Government Shutdown Begins as Congress Divides on Spending A U.S. Park Ranger and a U.S. Park Policeman close the Martin Luther King Jr. Memorial in Washington on October 1, 2013. Photographer: Shawn Thew/EPA Parks, Museums Shuttered as Shutdown Begins 1:17 Oct. 1 (Bloomberg) -- The U.S. government began its first partial shutdown in 17 years, idling as many as 800,000 federal employees, closing national parks and museums, and halting some services aft...

Hi Friends, In my last post around 5200 I mentioned about a Fierce Rally to 5800 and higher based on the observation of Elliott Wave Pattern and the implication of similar pattern in 2011. Within no time Nifty Rallied to 5957. It Almost re trace 78.6% of the Entire Fall from 6229-5118. So what next? As mentioned in my last post this Fierce Rally seems to be a corrective Bear Market Rally. As per my preferred count Nifty seem to have completed (x) Wave at 5957. Now it shall resume the downtrend and may witness a Huge Sell off sub 5000 in next 2-3 months in Wave. ifty has Trendline and Fibonacci Resistance at 5991 and upside if any looks limited. Current pattern is similar to 2011. RSI is showing Hidden Divergence which is early indication of possible Trend Reversal. In 2011 too Nifty Retraced around 78.6% of the previous  Fall in (w) Wave  and Developed Hidden Divergence on RSI around 4945 in April 2011. Later Nifty fell badly towards 4700 in...

Gold prices extended Friday's losses into Monday as investors continued to avoid the precious metal after a key Federal Reserve official said that monetary authorities may consider tapering stimulus programs in October. The commodity skyrocketed last week after the Federal Reserve announced it would continue to stimulate the U.S. economy with its USD85 billion monthly bond-buying program. Ultra-loose monetary policies that include asset purchases drive down interest rates to spur recovery, weakening the dollar in the process and making gold an attractive hedge. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,325.50 during U.S. afternoon hours, down 0.53%. Gold prices hit a session low of USD1,313.60 a troy ounce and high of USD1,331.80 a troy ounce. Gold futures were likely to find support at USD1,291.70 a troy ounce, Wednesday's low, and resistance at USD1,375.10, Thursday's high. The December contract settled d...

Moody's Investors Service has downgraded State Bank of India's senior unsecured debt and local currency deposit ratings to Baa3 or lowest investment grade rating from Baa2 and changed the outlook on SBI's financial strength rating to negative from stable as the economic slowdown puts pressure on the bank's credit quality. The revis ed ratings is on par with Government of India's (Baa3 Stable) foreign currency bond rating. Moody's said the combination of increasing pressure on credit fundamentals and the ongoing reliance on the fiscally constrained Indian government to maintain capital adequacy ratio are factors behind the rating downgrade at a level no higher than the sovereign. The outlook for SBI's senior unsecured debt and local currency deposit is however stable. The global rating firm has in the last week of August lowered its outlook for India's GDP growth to 4.5% from 5.5%, reflecting the recent depreciation of the rupee, whic...