MCX Close 3-Jun-08

CLOSING RATE:- CRUDE:-5307,GOLD:-12154,SILVER:-23408,COPPER:-334.3,ZINC:-82.85,NICKEL:-950 .5,LEAD:-87.7,NATURAL GAS:-518.8

Kuwait's Oil Minister Mohammad al-Olaim said on Tuesday that the Organization of Petroleum Exporting Countries was prepared to pump more oil if the market needs it.

"OPEC is prepared to increase supplies only if the market needs it," Olaim said in statements reported by the official KUNA news agency.

Olaim, who was appointed last week, said high oil prices were not related to fundamentals of supply and demand.

New Horror Movies

New Horror Movies

1.Investor ki maut
2.shaitani FIIs
3. khooni nifty
4. veeran broking house

Prices of Fuel

Prices of Fuel in Rs terms: per litre
Venezuela: Rs 2.12
Saudi Arabia: Rs 5 per litre
United Arab Emirates: Rs 15.65 per litre
Malaysia: Rs 25.40 per litre
China: Rs 31.30 per litre
Russia: Rs 42.275 per litre
The United States: Rs 44.25 per litre
Pakistan: Rs 44.80 per litre
Canada: Rs 57 per litre
Brazil: Rs 66 per litre
Hong Kong: Rs 84.10 per litre
United Kingdom: Rs 95.50 per litre
Norway: Rs 112 per litre

Petrol Break Up

Find the detail break-up of the Final price of petrol available in pumps. This is a break up considering crude oil at 130 $ per barrel. Following details are for per liter petrol in Rs. Basic Price = 21.93 Excise duty = 14.35 Education Tax = 0.43 Dealer commission = 1.05 VAT = 5.5 Crude Oil Custom duty = 1.1 Petrol Custom = 1.54 Transportation Charge = 6.00 Total price = Rs 51.90 So for a Rs 22 liter petrol at pumps we people pay Rs 28 tax extra. Note: all the figures are approximate and eye opener.

Prime Minister Manmohan Singh yesterday, 2 June 2008 reportedly said that the government is left with no option but to hike the fuel prices in the wake of soaring global crude oil prices. However government's move to hike fuel price will face challenge from Left, and may propel inflation above 10%.

L&T

Larsen & Toubro declined 3.17% to Rs 2,823.29 at 10:51 IST on BSE after company said it is seeking shareholders' approval to transfer its medical equipment and systems business to a subsidiary or to sell it.

Keeping election in mind, chances are there that govt is going to reduce duty and taxes on petroleum products and will increase a bit of petroleum prices. Remember that govt has given subsidy to farmers and incresed tax slab, only keeping in mind ELECTIONS

Anu’s Laboratories Limited

Anu’s Laboratories Limited listing date & Info: Listing On: Wednesday, June 04, 2008, BSE Script Code: 532981, ISIN No. INE450H01014.

Buy In Parts

AT CMP / THE MENTIONED RANGE / BELOW :
BUY IN PARTS :

UNITECH @ 203-210
MCDOWELLN @ 1525-1545
RELCAPITAL @ 1100-1125
RELINFRA @ 1140-1170
ACC @ 600-625
CAIRN @ 260-265
DLF @ 556
TATAPOWER @ 1250-1265
SAIL @ 145-150
LICHSGFIN @ 295-302
HARMALAYA@ 80-84
PUNJLYOD @ 277-285
POWERGRID @ 88-92
HINDALCO @ 175-167
KOTAKBANK @ 622-635
YES BANK @ 140-125
SUZLON @ 232-247
TATAMOTORS @ 535-550

Crude Oil Speculation

Why has crude shot up? Any answers? I dont have any,,, apart from speculation, there is nothing much which has potential to keep it there. Do you think the number of cars or other vehichles has quadrappled that makes crude justified at 130? Or have the oil suddenly dried out?

Intra 3-Jun-08

MCX Intraday 3-Jaun-08

GOLD BUY ABOVE 12283, SELL BELOW 12242 CMP 12267
SILVER BUY ABOVE 23442, SELL BELOW 23395 CMP 23432
CRUDE BUY ABOVE 5430, SELL BELOW 5398

SAIL

SAIL will open a Rs 300-crore plant in Pulwama. Construction of the steel plant will begin as soon as SAIL bags a no-objection certificate from the pollution control board of the J&K state government.

Sensex 3-Jun-08

Support for Sensex :-16016

Break and close below 16016 will take to 15443-15252
Sensex will face hurdle at 16235-16415

Nifty (Fut) needs to move above 4800 to get bullish again, or the dip may extend upto 4560. Expect bounce back there.

WHERE IS THE LOSS??

petrol prices in USA has touched $ 4 a gallon or Rs 44/- per litres .. Note that In USA petrol prices are fixed daily and pegged with international crude prices . So in USA the petrol is sold @ 44 /- per litre which is lower than INDIA where it is sold @50+ level... SO still Indian govt is making profit of 10 RS per litre .. the tax component is more than 60% .. so in one hand they are taxing petrol and on other hand they are subsidising it . SO no need to flow tear for the GOVT as they still making profit on petro products

Godrej Properties IPO - Files for DRHP with SEBI

About Godrej Properties
Godrej Properties was established in 1990 as a real estate development company within the Godrej Group of businesses. The company was originally incorporated as Sea Breeze Constructions and Investments Private Limited on February 8, 1985. godrej properties logo

The company’s name was changed to Godrej Properties and Investments Private Limited on July 2, 1990 and subsequently to Godrej Properties Limited on November 23, 2004. Since 1897, customers have trusted Godrej to deliver innovation and excellence across a broad spectrum of services and products.
About Godrej Properties IPO Details
Godrej Properties, one of the leading real estate development companies in India, proposes to enter the capital markets to raise necessary funds for the company’s expansion plans and has filed a draft red herring prospectus with SEBI.The company proposes an initial public offering of 9,429,750 equity shares of Rs 10 each through 100% book building process to part finance this plan.

Nifty 3-Jun-08

NIFTY FUT CMP 4696

NIFTY WEAK BELOW AT CMP S1:-4609 S2:- 4550
NIFTY GOOD ABOVE 4720 R1:- 4750 R2:- 4810

Headlines 3-Jun-08

Headlines for the day

Corporate News Headline
Axis Bank and Yes Bank securitised loans worth Rs. 10 bn that were extended to Hindustan Petroleum Corporation and Bharat Petroleum Corporation. (BS)
Jindal Steel and Power is planning to build a Rs. 50 bn thermal power plant in Orissa. (BS)
Emami made an open offer to buy up to 20% equity in Zandu Pharmaceutical Works Ltd at Rs. 7,315 per share. (ET)

Economic and Political Headline
The merchandise exports in India recorded an annual growth of 31.5% at USD 14.4 bn in the first month of this fiscal, compared with USD 10.95 bn in the same month last year, due to depreciation in the rupee and an increased demand for Indian goods in the Gulf Cooperation Countries. (BS)
India´s central bank released draft guidelines on prudential supervision of non-deposit taking, systemically important non-bank financial companies, including an increase in capital adequacy levels. (ET)
The US manufacturing activity rose to 49.6 in May from 48.6 in April as the exports continued to keep the sector afloat. (WSJ)

Results Declared 2-Jun-08

> Colgate Palmolive has announced its fourth quarter results. The company’s Q4 net profit was up at Rs 55.6 crore versus Rs 50.5 crore.
> Dabur Pharma has declared its consolidated results for FY08. The company’s FY08 consolidated net profit was at Rs 98.6 crore versus Rs 19.7 crore.
> Deepak Fertiliser has announced it’s Q4 FY08 results. It’s net profit was at Rs 31.3 crore versus 27.7 crore. It’s revenue was up 52% at Rs 338.8 crore versus Rs 223.4 crore.
> Educomp Solutions has announced its FY08 numbers. On the consolidated basis, It has posted net profit of Rs 70.6 crore versus Rs 28.7 crore and net sales of Rs 286 crore from Rs 110 crore.
> McLeod Russel has announced its fourth quarter numbers. It has posted net loss of Rs 97 crore for the quarter ended March 2008 and net sales of Rs 179 crore versus Rs 173 crore.
> Motherson Sumi Systems has announced its consolidated results for the quarter ended March 2008 (Q4). The company’s Q4 consolidated net profit was at Rs 64.39 crore versus Rs 45.64 crore on YoY basis.
> Nagarjuna Construction Co has declared its standalone results for the quarter ended March 2008 (Q4). The company’s Q4 standalone net profit was at Rs 52.63 crore versus Rs 13.68 crore.
> Page Industries has declared its fourth quarter numbers. It has reported Q4 net profit of Rs 4.3 crore as against Rs 3.6 crore and net sales of Rs 45 crore versus Rs 28.8 crore.
> Pricol has declared its results for the quarter ended March 2008 (Q4). The company’s Q4 net profit stood at Rs 5.25 crore versus Rs 8.22 crore.
> Punj Lloyd has announced its FY08 results. The company’s FY08 consolidated net sales were up at Rs 7,752.92 crore versus Rs 5,126.58 crore. YoY.
> PVR has announced its fourth quarter numbers. It has posted Q4 net profit of Rs 2.7 crore as against Rs 2.2 crore and net sales of Rs 56.8 crore versus Rs 42.5 crore.
> Sobha Developers has announced its FY08 and fourth quarter results. The company’s FY08 standalone net sales were up at Rs 1,422.6 crore from Rs 1,186.5 crore.
> Sun Pharma has announced its fourth quarter results. The company’s consolidated net sales were at Rs 1,257 crore.
> Tata Tea has decalred its fourth quarter results. The company’s consolidated net sales were at Rs 1176.80 crore.

MCX 2-Jun Close

2-Jun
CLOSING RATE:- CRUDE:-5420,GOLD(AUG):-12268,SILVER:-23439,COPPER:-334.8,ZINC:-83.9,NICKEL: -941.5,LEAD:-85.35,NATURAL GAS:-510.1