Foreign Funds Hint at Hiking India Allocation

Portfolio investors are positive on the India structural Story. Foreign Fund Managers from GIC, Boston-Based Mass Financial, Jamuss, T Rowe Price, Boston Based Wellington Management, Singapore -based Aberdeen Asset Management and Fidelity, which were recently in India, have indicated that they are looking  for the right opportunites to Match their India  allocation.
( Extracted from The Economic Times, New Delhi,Thursday 25 March 2010)http://niftynext.blogspot.com/2010/03/fii-data-updated-for-23-march-2010.html

Cement Sales Likely to Rise by 12% in March

Sales of cement is likely to go up by 12% in March on demand from real estate and construction sectors, says industry executives and analysts. This would be the third consecutive growth in sales of the building material in a month.
Cement companies are scheduled to announces sales data on March 31.
"There are no dampeners to growth", said Shree Cement managing director Hari Mohan Bangur. Demand is robust and the industry will see healthy growth in March. The growth momentum will continue as there are no dampening Factors."
The growing sales are reflective of a robust demand scenario and Indian companies are expanding capacities from the Current 240 million tonnes. Globaly , India is the Second-Largest cement maker after China.
(Extracted From The Economic Times, New Delhi,Thursday 25 March 2010)
 ( http://niftynext.blogspot.com/2010/03/india-cements-buy-target-12816-march.html )

Dollar Index

Just as the Sensex reflects the general state of the Indian Stock Market, the US Dollar Index (USDX) reflects the general assessments of US Dollar against the other major world currencies. The Index is a weighted geometric mean of the dollar's value compared with Euro(EUR), Japanese Yen(JPY),Pound Sterling(GBP), Canadian dollar(CAD), Sweddish Kroner(SEK) and Swiss franc(CHF). The Dollar Index was instituted in March 1973, soon after the dismantling of the Bretton Woods system. Since then the makeup of the "basket" has been altered  only once, when several European currencies were replaced by the Euro at the Start of 1999. USDX is traded as a futures cintract inthe Intercontinenetal Exchange(ICE) and is also available in exchange traded funds (ETFs). At its start, the value of the US Dollar Index was 100. It has since traed as high as the mid-160s and as low as 70.698 on March 16,2008, the lowest since its inception. It traded at 80.002 by late Tuesday evening .accroding to Indian Standard Time.
(Extracted from The Economic Times,New Delhi ,Wednesday 24 March 2010)