Home Sales Data

DATAS-home sales data previous -4.9% expectation -1.0% actual +5.3% negative for metals,bullion .

EURO

Euro will fall and so Gold will be as per out expectation, do not buy gold sell on rise & if u trade currency sell EURO.The European Central Bank's governing council on Thursday left its key interest rate unchanged at 4.25%

Inflation 12.11%

INFLATION CAME OUT PLEASE CONFIRM FROM UR SOURCE IS THIS RIGHT THEN PLEASE TELL YES,INFLATION FIGS AT A WHOPPING 12.11% for the week ended 26th july vs 11.98%

Amar Sign + UPA = RNRL++++

AMAR SINGH SUPPORTING UPA MEANS RNRL GETTING GAS =RNRL 150+

NIIT Technologies

Content Rmoved Due to Legal Issue

News 7-Aug-08

7-Aug-08

Headlines for the day

Corporate News Headline

Tata Power is planning to bid for Senoko Power Ltd., Singapore’s largest power utility. (Bloomberg)
Hindustan Construction Company bagged an irrigation project in the south Indian state of Andhra Pradesh worth Rs. 6.29 bn. (BS)
Dr Reddy´s Labs’ promoter group firm Dr Reddy´s Laboratories Holdings has increased its stake in the company to 22.82% through open market purchase. (BS)


Economic and Political Headline

The government ruled out an immediate reduction in petrol and diesel prices following softening of global crude prices saying that the domestic rates were still pegged at roughly half of the current international prices. (BS)
The Finance Ministry said in a statement that the direct tax receipts in April-July rose an annual 46.9% on year to Rs. 716.48 bn. (ET)
The UK consumer confidence fell 11 points to 51 in July after house prices slumped, unemployment rose, and inflation accelerated. (Bloomberg)

Bull Run?

FII HAS BOUGHT 4000 CRORES IN CASH AND F&O COMBINED ..SHORTS BECAREFUL .... EVEN OIL IS LOOKING WEEK ...YEN $ 109+ WHICH MEANS YEN CARRY TRADE HAS STARTED