“Why would FIIs want to play the over-regulated SLB market, when the offshore market is far more efficient and a lot quicker,” says an official at the Indian arm of a US-based brokerage. At present, the tenure of a borrowing/ lending contract is seven days. This means that the borrowed shares have to be returned on the eighth day from transaction, to the lender. Market participants say this time frame is too short. In the OTC market, players have the flexibility to borrow shares for up to a month or more. But the bigger problem is that of margins

IIP DATA EXPECTED TOMMOROW

IIP DATA EXPECTED TOMMOROW - 8.9% ,WILL COME AT 10.98%,GOOD NEWS

us dollar v/s euro broken important level of 1.52 which suggest that us econonmy and us currency is getting stronger which will eventually reverse the whole commodities and crude cycle exit all silver gold and crude long postion

BSE plan to launch currency futures

BSE plan to launch currency futures by Sept The Bombay Stock Exchange is planning to launch Exchange Traded Currency Futures (ETCF) contracts by early September after SEBI officials inspect its system next week BSE has already applied with SEBI for setting up the currency derivatives segment and is in line with the recommendations made by RBI-SEBI Standing Technical Committee report on currency futures which was released in May. The ETCF contracts would facilitate more transparency, efficient price discovery, enable better better counter party credit risk management, wider participation and reduced transaction costs

Benefited Stocks, if INSURANCE BILL passed

Stock to be profited, if INSURANCE BILL passed by Govt who push in this session of parliament. LIC Housing, Bharti, Bajaj holdings, Bajaj Fin Serv, REL CAP, Aditya Birla Nuvo, HDFC, HDFC Bank, ING Vysya, Kotak Bank, SBI, IDBI. Etc

U.S. Wholesale Inventories Rise 1.1%, Faster Than Forecast; Sales Up 2.8%..........Worker Productivity in U.S. Rises 2.2% kets now DOW will ROCKKKKKKKKK ---- so will Indian mkts.........enjoyyyyyyyyyyyyyy

Kirloskar Brothers Ltd

fdw news - Ideas =Kirloskar Brothers Ltd= hold 95.95% stake in The Kolhapur Steel Ltd. (TKSL), which has become a subsidiary company of KBL w.e.f. 2 August 2008. The company has revised the prices of its products and is taking steps to increase prices and include the price increase clause in future orders. Its order position is very strong. The company also has investments worth of Rs.53 cr. whose market value is around Rs.860 cr. It is seeking price hike from all existing customers.

Companies engaged in the oil and gas exploration in Gujarat will have to pay more for using the state’s waters. They will now be charged for all the offshore as well as onshore installations required in exploratory as well as transportation work, as per a new tariff model approved by the state maritime regulator. This means laying pipelines—sub-sea and on land—setting up single-point moorings (SPMs), installing rigs, production drilling platform and other structures used for petroleum exploration will be chargeable. At present, wharfage levied on cargo and in some cases, throughput charges, are the only fees that the companies pay to the government. The new tariff model has been worked out by Chennaibased National Maritime Authority. The charges would be collected on various heads that inc

China's producer prices climbed at the fastest pace since 1996 on energy and commodity costs, underscoring the risk of a rebound in consumer-price inflation.
Factory-gate prices rose 10 percent in July from a year earlier, the statistics bureau said today, after gaining 8.8 percent in June. That was more than the 9 percent median estimate of 15 economists surveyed by Bloomberg News.

LT

LNT book closure from Aug 22, to Aug 29,for final dividend & Annual General Meeting (AGM) on Aug 29

Weekly Major Events

Major events to be watched in this week:- tomorrow 12th august, June industrial data (IIP data) and 13th (wednesday) SEBI meet to review FII regulations on P-notes

Abhinav Bindra wins 10m air rifle gold

Abhinav Bindra won the gold medal in men's 10 metre air rifle event of the shooting competition at Beijing Olympicson Monday morning.
The medal is India's first individual gold, and the first since 1980, when the hockey team emerged triumphant in Moscow .
Bindra shot a total score of 700.5.
China's Zhu Qinan, gold medalist at Athens 2004, won the silver medal with a total score of 699.7.
The bronze medal was won by Finland's Henri Hakkinen, who was leading the field after the qualification round, but was unable to hold off Bindra and Zhu in the final.
Bindra held his nerve to score 10.8 on the 10th and final shot, while Zhu shot 10.5 and Hakkinen fell back with a poor score of 9.7.
Earlier, Bindra ended the poor run of Indian shooters at the Olympics by qualifying for the men's 10 metres air rifle event final.
However, Gagan Narang failed to make the final cut in the same event as he finished ninth with a score of 595/600. Narang shot a series of 97, 100, 100, 100, 98, 100.
Bindra, a Khel Ratna winner, finished the qualifying event joint-fourth with Romania's George Alin Moldoveanu in the qualification round. The duo had a score of 596/600.
The bespectacled India shooter's scoring sequence was 100, 99, 100, 98, 100 and 99.
Meanwhile, Finland's Henri Hakkinen qualified first for the event with a score of 598/600 after shooting a series of 100, 100, 99, 100, 100 and 99.
China's Qinan Zhu was a point adrift of Hakkinen with a series of 100, 100, 100, 100, 99 and 98.

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