29-May-09 News Headlines

Corporate News Headline

•Siemens is planning to invest Rs. 2.75 bn to expand its steam turbine facility at Vadodara. (ET)
•BOC India has decided to invest Rs. 10 bn in enhancing its installed capacity in the next three years. (ET)
•Dewan Housing Finance Corporation is planning to issue non-convertible debentures worth up to Rs. 10 bn in July to meet its credit disbursal targets for the current financial year. (BS)


Economic and Political Headline

•The Prime Minister Manmohan Singh indicated that the full Budget for 2009-10 may announce a disinvestment of government stake in public sector companies. (ET)
•Inflation remained unchanged at 0.61% for the week ended May 16 in comparison to the previous week. (BS)
•General Motors Corp. is planning to file for bankruptcy protection on June 1 and sell most of its assets to a new company. (Bloomberg)
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28-May-09 News Headlines

Corporate News Headline
•BHEL reported Q4'09 result, net sales increased 35.4% yoy to Rs. 162.34 bn, and net profit rose 21.35% yoy to Rs. 13.47 bn. (BS)
•IVRCL Infrastructure & Projects has bagged Rs. 3 bn order, awarded by the Government of Bihar, Public Health Engineering Department. (BS)
•Simplex Projects has got a project from the PWD Department, government of Tripura for construction of bridges over rivers under different packages for Rs. 1.13 bn. (BS)


Economic and Political Headline

•The Finance Minister Pranab Mukherjee said that the government would continue to rely on market borrowings to spur economic growth and restore the growth momentum witnessed earlier. (BS)
•Concerned over high credit cost and availability of funds, the Finance Minister Pranab Mukherjee said that he would ask banks for a "benign plan of action" while committing to stimulate economic growth by stepping up public expenditure and speeding up reforms.(BS)
•Home resales in the US rose 2.9% to an annual rate of 4.68 million in April, the second time in three months, as foreclosure auctions and cheaper prices spurred bargain hunters, buttressing the case for an end to the industry's slump this year. (Bloomberg)
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27-May-09 News Headlines

Corporate News Headline

•Tata Communications reported Q4'09 result, net revenue increased 3.67% yoy to Rs. 8.87 bn, and net profit rose five-fold yoy to Rs. 3.02 bn. (BS)
•SAIL, NMDC, and RINL are planning to infuse Rs. 130 bn this fiscal as part of their programme to expand production capacities to about 35 MT in the next two-three years. (BS)
•Unitech has sold a hotel in Gurgaon for Rs. 2 bn and is close to selling another hospitality project by June-end for a similar amount, as part of its exercise to raise funds for reducing debt. (BS)


Economic and Political Headline

•Promising all "appropriate measures" for the economy, the Finance Minister Pranab Mukherjee said that the government would take a fresh look at fiscal deficit as it has crossed the previously self-imposed ceiling. (BS)
•The confidence among the US consumers jumped to 54.9 in May, the most in six years, fueling speculation the economy will recover later this year. (Bloomberg)
•European industrial orders declined 26.9% from a year earlier in March as the worst recession in more than six decades curtailed global demand for machines and equipment. (Bloomberg)
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25-May-09 News Headlines

Corporate News Headline
•ITC reported Q4'09 result, net income dipped 2.84% yoy to Rs. 39.27 bn, but net profit rose of 9.97% yoy to Rs. 8.09 bn. (BS)
•NTPC reported Q4'09 result, net sales increased 6.54% yoy to Rs. 114.45 bn, and net profit rose of 57.77% yoy to Rs. 21.13 bn. (BS)
•Era Infra Engineering bagged an order worth Rs. 1.17 bn from Aravali Power Company for developing a permanent township at the Indira Gandhi Super Thermal Power Project in Haryana. (BS)


Economic and Political Headline

•The RBI said that the new UPA government, which is slated present the Budget some time in July, should resist pressure for another stimulus as sustained economic recovery would require fiscal consolidation in medium term. (ET)
•Treasury Secretary Timothy Geithner called for major changes in compensation practices at financial companies and said the Obama administration's plan to help realign pay with performance will be rolled out by mid-June. (Bloomberg)
•The UK's Gross domestic product dropped 1.9% in the period, the most since 1979, as consumer spending slumped the most since 1980 and companies ran down inventories at a record pace in the first quarter. (Bloomberg)
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Ministers of India after Election 09

Shri Pranab Mukherjee : Minister of Finance
>Shri Sharad Pawar : Minister of Agriculture
Minister of Food & Civil Supplies
Minister of Consumer Affairs & Public Distribution
>Shri A. K. Antony : Minister of Defence
>Shri P. Chidambaram : Minister of Home Affairs
>Kum. Mamata Banerjee : Minister of Railways
>Shri S. M. Krishna : Minister of External Affairs
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22-May-09 News Headlines

Corporate News Headline
•Bajaj Auto reported Q4'09 result, total income dipped 2.51% yoy to Rs. 88.14 bn, and net profit declined of 28.52% yoy to Rs. 5.35 bn. (BS)
•Reliance Power is planning to invest over Rs. 120 bn for executing 2,520-MW hydro power projects in Arunachal Pradesh, to be commissioned in the next Five Year Plan. (BS)
•Areva T&D India has secured Rs. 1.1 bn contract to set up a 400 kilo-volt sub-station in Kharagpur from the West Bengal State Electricity Transmission Company Limited. (BS)


Economic and Political Headline

•Driven by the rising prices of essential food items like cereals, tea, spices and fruit and vegetables, inflation inched up to 0.61% for the week ended May 9. (BS)
•The US Conference Board's leading economic gauge increased 1% in April, more than forecast and a manufacturing gauge improved in signs the deepest recession in five decades could end later this year. (Bloomberg)
•Treasury Secretary Timothy Geithner said the Obama administration is committed to reducing the federal budget deficit to 3% of the GDP after concerns rose that the US debt rating may eventually be threatened with a downgrade. (Bloomberg)
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Inflation for the week

INFLATION 0.61%
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21-May-09 News Headlines

Corporate News Headline

•PNB reported Q4'09 result on standalone basis, total income went up 38% yoy to Rs. 60.98 bn, and net profit rose of 59% yoy to Rs. 8.65 bn. (BS)
•RIL has got the government go-ahead to sign agreements with firms supplying the much-needed gas to households and car owners in major cities. (BS)
•Tata Motors, which needs to refinance early next month a bridge loan worth USD 2 bn taken for purchase of Jaguar and Land Rover, is planning to raise Rs. 42 bn worth of fresh debt. (BS)


Economic and Political Headline

•World steel psroduction fell nearly 24% in April, reflecting the recessionary pressure in the West, but India bucked the trend recording about 3% growth in output of the key industrial intermediary. (BS)
•Treasury Secretary Timothy Geithner said he's inclined to "quickly" sell warrants the government got when injecting capital into banks, offering prospects of a speedy exit to lenders seeking to retire government stakes. (Bloomberg)
•Japanese economy shrank at a staggering pace of 4% in the first three months of 2009, as the country continues to experience the jitters of the global financial turmoil. (BS)
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20-May-09 Settlement Prices

Today's Settlement Prices :: Gold 14333 :: Silver 22267 :: Copper 221.65 :: Lead 69.10 :: Nickel 594 :: Zinc 70.50 :: Crude Oil 2932 :: Natural Gas 193.40 :: CPO 381.20 :: HO 73.15 :: SO 501.55 :: INR 47.48
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Us & Asia flat

Dow & Nasdaq is down flat
Asian market also flat
Sgx nifty down by 66 points trading at 4250
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Sgx Nifty Updates

Singapore Sgx Nfity trading at 4250
Down by 66 points
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20-May-09 News Headlines

Corporate News Headline

•L&T has bagged three orders worth Rs. 5.18 bn for execution of power transmission and infrastructure related projects in Oman. (BS)
•Unitech are looking to raise their stake by about 10% in the company by subscribing to warrants worth about Rs. 10 bn over the next 18 months. (BS)
•Dr Reddy's Laboratories is planning to invest about Rs. 7.5 bn in setting up two special economic zones- one in Visakhapatnam and another in Hyderabad. (BS)


Economic and Political Headline

•Indian Prime Minister-elect Manmohan Singh vowed to revive growth and spread the benefits of economic expansion that swept his coalition back to power with a decisive mandate in a general election. (BS)
•Builders broke ground on the fewest homes in the US on record in April as a 13% plunge to an annual rate of 458,000 in condominiums and apartment buildings overwhelmed the second straight gain in starts on single-family dwellings. (Bloomberg)
•The UK consumer prices rose 2.3% from a year earlier in April, which is to the weakest level in 15 months as the recession undermined price pressures in the economy. (Bloomberg)
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19-May-09 News Headlines

Corporate News Headline

•Dr. Reddy reported Q4'09 results, total income increased 12.36% yoy to Rs. 11.66 bn, but net profit declined 3.76% yoy to Rs. 1.56 bn. (BS)
•Apollo Tyres has concluded acquisition of Dutch company Vredestein Banden B.V. through a special purpose vehicle. (BS)
•Gujarat NRE Coke is planning to ramp up production in its two Australian coking coal mines from 0.8 MT in 2008-09 to 2 MT this fiscal. (ET)


Economic and Political Headline

•The Former Commerce Minister Kamal Nath has said that he was optimistic about the GDP growth rate of 8% for this fiscal year. (BS)
•The confidence among the US homebuilders in May increased to 16 from 14 the prior month, the highest level since September, providing further evidence that the housing slump that started in 2006, may be closer to a floor. (Bloomberg)
•Treasury Secretary Timothy Geithner ruled out setting specific limits for compensation as the Obama administration considers proposals to better align executives' pay with companies' long-term performance. (Bloomberg)
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18-May-09 News Headlines

Corporate News Headline

•GTL has won a Rs. 3.24 bn order from Maharashtra State Electricity Distribution. (BS)
•Ahluwalia Contracts India has bagged a contract worth Rs. 2.19 bn from National Building Construction. (BS)
•MTNL has earmarked Rs. 17.25 bn capital expenditure plan for the current fiscal. (BS)


Economic and Political Headline

•Riding on a strong performance in game-changing states, the Congress powered the UPA for another term in office with the coalition close to majority in the Lok Sabha without the need for allies like the Left parties. (BS)
•Industrial production in the US contracted 0.5% in April, the least since October and New York's manufacturing slump eased further in May, signaling the recession's grip is loosening. (Bloomberg)
•Europe's economy contracted 2.5% from the fourth quarter, at the fastest pace in at least 13 years in the first quarter as companies cut output and jobs to survive the worst global slump in more than six decades. (Bloomberg)
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15-May-09 Settlemet Prices

Today's Settlement Prices :: Gold 14829 :: Silver 22714 :: Copper 221.70 :: Lead 72.60 :: Nickel 610.10 :: Zinc 72.65 :: Crude Oil 2812 :: Natural Gas 205.20 :: CPO 396.70 :: HO 70.55 :: SO 506.10 :: INR 49.30 & Next Crude Oil 2853
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15-May-09 Performance Sheet

Today Performance
-Tisco Fut bough at 269 high made 275.8 lot size 1525 profit atleast 7500
-Maruti Fut bought at opening 848 high 859 lot size 800 profit atleast 8000
-Rel Capital Fut bought at 581 high made 600 lot size 552 profit atleast 8500
-3i Info Buy in cash at 61 high made of 63.20 profit atleast 2000 with 1000 qty
-No BTST or STBT Position
-So todays total profit atleast 26,000 in a day (with fee as little as 1000)
Those who book profit early then also profit of 12,000 atleast (base on our client reports)
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Be cautions, trade less

KINDLY TRADE LESS OR BOOK SMALL PROFITS TIME TO TIME..TODAY WEEKEND & ELECTIONS RESULTS COMING SOON..SO BE CAUIONS AT HIGH..3630 BELOW NIFTY FUT WEAK ONLY
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Gtl got order from msedcl

GTL GOT 324 CR ORDER FROM MSEDCL
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Ranbaxy New Plant

Ranbaxy Plans starting operations in new plants in india & south africa this year, also to supply raw materials for anti ulcer drug for astrazeneca
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World market update

All world market is up, asia is up, sgx nifty up by 28 points, trading at 3640, but due to election results be careful
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Singapore Nifty Update

Singapore / sgx nifty up by 28 points trading at 3640
All asian markets are up
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Nifty Levels

NIFTY SUPP@3520-50-90 RESIS@3650-80
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15-May-09 News Headlines

Corporate News Headline

•NTPC has signed a Rs. 85 bn loan agreement with State Bank of India to fund its upcoming power projects. (ET)
•DLF is planning to raise about Rs. 100 bn over two to three years from selling businesses and land. (Bloomberg)
•BHEL has bagged an order worth Rs. 14.75 bn for a 600 MW thermal power plant in Chattisgarh. (ET)
  

Economic and Political Headline

•After rising for three consecutive weeks, inflation fell to 0.48% for the week ended May 2, even as essential food items like pulses, cereals, and vegetables ruled high. (BS)
•Initial jobless claims in the US rose by 32,000 to 637,000 in the week ended May 9, because of the Chrysler LLC bankruptcy that is likely to reverberate through the economy for months. (Bloomberg)
•The spending on factories and properties in China surged 30.5% in the first four months from a year earlier, as China's USD 585 bn stimulus plan and record bank lending triggered the nation's economic recovery even as exports plunge. (Bloomberg)
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14-May-09 Mcx Settlement Prices

Today's Settlement Prices :: Gold 14833 :: Silver 22827 :: Copper 222.95 :: Lead 71.75 :: Nickel 622.10 :: Zinc 73.55 :: Crude Oil 2868 :: Natural Gas 211.90 :: CPO 400 :: HO 73.85 :: SO 509 & INR 49.77

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Sbi amendment act

Govt to pass SBI amendment Act in Parlianment. After this act SBI and SBI subsidairies can issue bonus shares. Posivite for SBI and its Subsidairies like SBM , SBT
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Inflation for this week

The benchmark figure for this week is 0.48% as compared to 0.70% last week.
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Sgx Nifty

Sgx nifty down by 76 points
Cmp 3560 level
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14-May-09 News Updates

Corporate News Headline

•DLF said that some of the promoter members sold 168 mn shares of the company to the institutional players for Rs. 38.6 bn in an open market transaction. (BS)
•TCS has won a five-year contract to provide IT services to Volkswagen Group UK, a unit of Volkswagen AG. (BS)
•ONGC is planning to invest about Rs. 90 bn over the next 3-4 years to enhance oil and gas output as part of phase II redevelopment of its Mumbai High field on India's Western Offshore. (BS)


Economic and Political Headline

•The RBI Governor Duvvuri Subbarao said that banks have more room to lower their lending rates after aggressive rate cuts by the central bank since last October. (ET)
•Retail sales in the US unexpectedly dropped 0.4% in April followed a revised 1.3% percent drop in March, indicating that rising unemployment is prompting consumers to conserve cash. (Bloomberg)
•The Bank of England said the UK economy faces a "slow" recovery and inflation will probably stay below its target for the next three years as the country struggles to escape the worst recession since the 1980s. (Bloomberg)
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13-May-09 Mcx Settlement Prices

Today's Settlement Price 14897 :: Silver 22941 :: Copper 224.35 :: Lead 71.50 :: Nickel 620.40 :: Zinc 72.65 :: Crude Oil 2909 :: Natural Gas 220.60 :: CPO 407.60 :: HO 74.15 :: SO 516.15 & INR 49.70
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BOOKIES-ELECTION2009

BOOKIES-ELECTION2009===BJP--158,,,CONGRESS==108--118,,BSP--30,,SP--18.,,JDU--22,,AIDMK.GROUP--28,,TMC--12,,BJD--8,,TDP--18,,,TALANGANA-6,,PRP-3,,RJD--6,,LJP-2,,CPI..CPM---43,,AKALI--6,,INALO--3,,AJIT-3,,DMK--10,,NCP--9,,SHIVSENA--14,,MNS-1,,JMM-1,,AJP-4,,OTHERS--25-35,,INDP--7
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Bookies report election 2009 : just fun

will be post after 5 pm

13-May-09 News Updates

Corporate News Headline

•Kotak Mahindra Bank reported Q4'09 results, total income increased 49.47% yoy to Rs. 11.33 bn, but net profit declined 12.26% yoy to Rs. 2.11 bn. (BS)
•KEC International bagged orders worth Rs. 1.11 bn from within the country as well as abroad. (BS)
•JSW Steel said it has no plans to sell its US-based units even as mills are operating at only 10%-15% of their production capacity amid waning demand on account of the economic crisis. (BS)


Economic and Political Headline

•Industrial production declined 2.3% in March as compared to a rise of 5.5% during the corresponding month in 2008. (BS)
•The home prices in the US dropped 14%, the most on record in the first quarter from a year earlier, led by California and Florida, as banks sold foreclosed properties. (Bloomberg)
•The UK unemployment jumped 244,000 in the three months through March to 2.22 mn, the most since 1981 as the recession forced companies from carmakers to banks to cut workers. (Bloomberg)
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12-May-09 Mcx Settlement Prices

Today's Settlement Prices :: Gold 14697 :: Silver 23049 :: Copper 228.50 :: Lead 71.95 ::Nickel 643.60 :: Zinc 75.10 :: Crude Oil 2907 :: Natural Gas 216.30 :: CPO 405.80 :: HO 74.35 :: SO 505.25 :: INR 49.31
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IIP data

INDIA\'S MARCH INDUSTRIAL PRODUCTION FALLS 2.3% FROM YEAR AGO
10 Lakhs nifty got sold @ 3572
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12-May-09 News Headlines

Corporate News Headline

•SBI reported Q4'09 results, total income increased 32.67% yoy to Rs. 764.79 bn, and net profit rose 45.62% yoy to Rs. 27.42 bn. (BS)
•ONGC is planning to invest Rs. 60 bn in new and existing fields in this fiscal to raise output. (BS)
•Gujarat NRE Coke has secured a USD 50 mn long-term loan from international banks for its coal mining facility in Australia. (BS)


Economic and Political Headline

•The domestic car sales showed their upward trend for the third consecutive month with April sales, registering 4.2% growth after prolonged decline that started in the second half of 2008. (BS)
•The Prime Minister Manmohan Singh said that India's economy grew an estimated 6.5% in the just-ended 2008/09 fiscal year and consumer price inflation is expected to moderate in five to six months. (Reuters)
•China's new lending cooled in April, easing concern that banks are taking on too much risk in a credit boom after the government dropped restrictions on loans in November. (Bloomberg)
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11-May-09 Mcx Settlement Prices

Today's Settlement Prices :: Gold 14570 :: Silver 22624 :: Copper 228.70 :: Lead 71.05 :: Nickel 641.60 :: Zinc 75.30 :: Crude Oil 2875 :: Natural Gas 212.90 :: CPO 401.90 :: HO 74 :: SO 499.90 :: INR 49.51
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Sgx Nifty Updates

Sgx nifty up by 14 points
Cmp 3641
All asian markets are up
But not in deep green
Up by around 0.40% only
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News Updates 11-May-09

Corporate News Headline

•Cairn India will begin producing crude oil from its prolific Rajasthan fields by the month-end if it gets approval from partner ONGC for field investments and if the Government is able to find buyers for the oil. (BS)
•Deep Industries bagged two contracts worth Rs. 230 mn from ONGC. (BS)
•GMR Infrastructure is planning to raise up to USD 1 bn to fund growth. (BS)


Economic and Political Headline

•The inflation rate marginally rose to 0.7% for the week ended April 25. The rise is primarily a result of increase in prices of manufactured products. (BS)
•Payrolls in the US shrank by 539,000, after a 699,000 loss in March, the least since October last month as employers detected signs the worst of the recession had passed and government hiring stepped up for the country's next census. (Bloomberg)
•The UK producer prices rose 0.6%, the most in 10 months in April after the government raised taxes and costs of petroleum products and motor vehicles increased. (Bloomberg)
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News Updates 9-May-09

News Update for 09-05-2009:-

Japan confirmed its first cases of swine flu Saturday in three people who recently returned from Canada, even as the disease's spread appeared to slow in the rest of the world.Health and Welfare Minister Yoichi Masuzoe said the three Japanese were quarantined upon arrival in Tokyo after testing positive in preliminary checks performed on all travelers flying from countries hit by the virus.
http://online.wsj.com/article/SB124184218109303271.html <http://online.wsj.com/article/SB124184218109303271.html>

Corus, a unit of Tata Steel, announced that some big buyers of slab had terminated an offtake agreement for its Teesside Cast Products (TCP) plant, putting under cloud the future of the plant. The world's sixth-largest steelmaker said it might have to mothball TCP, in northeast England, which employs 1,920 people.
<http://www.business-standard.com/india/news/corus-plant-in-uk-faces-closure/357558/> http://www.business-standard.com/india/news/corus-plant-in-uk-faces-closure/357558/

State Bank of India (SBI), the country's largest bank, may review interest rates on deposits by May-end. "We will review interest rates at May-end. In general, there seems to be a trend of softening interest rates on the deposit side," said Chairman and Managing Director O P Bhatt on the sidelines of the inauguration of an inward remittance cell in Kolkata on Friday.

<http://www.business-standard.com/india/news/sbi-may-review-deposit-rates-by-month-end/357544/> http://www.business-standard.com/india/news/sbi-may-review-deposit-rates-by-month-end/357544/

Singapore-based lender DBS Bank today sold off its entire stake in HDFC Bank, while Deutsche Securities Mauritius picked up 3.78 million shares in the country's second largest private sector bank. "We have divested our 2.7 per cent stake in HDFC, a portfolio investment, as we believe that this is an opportune time to divest the shares," a DBS spokesperson said. Sources said that the sale did not reflect diminished interest in India and DBS would go ahead with its plans for the country.

<http://www.business-standard.com/india/news/dbs-exits-hdfc-bank-deutsche-sec-steps-in/357540/> http://www.business-standard.com/india/news/dbs-exits-hdfc-bank-deutsche-sec-steps-in/357540/

Crisil has downgraded its rating on Reliance Infrastructure's long-term debt on concerns of business restructuring and the resultant restriction in cash flow. The Indian subsidiary of credit rating firm Standard and Poor's, Crisil, has lowered the rating to AA+/Negative from AAA, while the company's rating on the short-term debt reaffirmed at 'P1+'.
http://www.business-standard.com/india/news/crisil-downgrades-reliance-infra/s-long-term-debt/60998/on <http://www.business-standard.com/india/news/crisil-downgrades-reliance-infra/s-long-term-debt/60998/on>

Billionaire Warren Buffett's investment firm Berkshire Hathaway said it lost $1.5 billion in the first quarter amid market turmoil as the value of its assets fell by $6.1 billion. The investment company controlled by Buffett, the world's second richest person, took a hit from its insurance holdings and a loss as it sold a big stake in oil giant ConocoPhillips.
<http://economictimes.indiatimes.com/International-Business/Warren-Buffett-firm-loses-15-bn/articleshow/4502304.cms> http://economictimes.indiatimes.com/International-Business/Warren-Buffett-firm-loses-15-bn/articleshow/4502304.cms

Larsen & Toubro (L&T) will sell its 11.5% stake in the Aditya Birla group company UltraTech Cement by December. Pegged at around Rs 800 crore at Friday's market price, the sale proceeds will prop up L&T's bottomline in 2009-10. The company will also realise a further Rs 100 crore of other income from the sale of its ready-mix concrete assets in 2009-10. It had sold that business to Lafarge in 2008 for Rs 1,480 crore, and around Rs 100 crore has been pending from this transaction. 

<http://economictimes.indiatimes.com/LampT-to-sell-its-115-in-UltraTech/articleshow/4501829.cms> http://economictimes.indiatimes.com/LampT-to-sell-its-115-in-UltraTech/articleshow/4501829.cms

Indian professionals aspiring to go to the US to work may now find it more difficult to get H-1B visas with Washington deciding on stricter screening following complaints of misuse of the facility.  Acting on the complaints, the US has adopted "fraud prevention tactics" to prevent such misuse. "We've added fraud prevention tactics. We've begun looking at other more standard fraud investigatory techniques that weren't being used in H-1B that we are now going to employ. It includes things like sites visits and worksites visits," Janet Napolitano, secretary of the Department of Homeland Security, said. 

<http://economictimes.indiatimes.com/Features/Visa/US-tightens-H-1B-visa-rules-for-Indians/articleshow/4502134.cms> http://economictimes.indiatimes.com/Features/Visa/US-tightens-H-1B-visa-rules-for-Indians/articleshow/4502134.cms

Few passengers may have taken to the skies in April, making it the third straight month that airlines have witnessed traffic declining on a year-on-year basis, as the industry struggles to cut costs and shed excess capacity.  Air passenger traffic in the domestic sector may have fallen by 8% in April 2009 compared with last year, according to market experts and travel industry officials. The official figures for the month will be released by the civil aviation ministry next week. 

<http://economictimes.indiatimes.com/News-by-Industry/Air-traffic-falls-8-y-o-y-in-April/articleshow/4501530.cms> http://economictimes.indiatimes.com/News-by-Industry/Air-traffic-falls-8-y-o-y-in-April/articleshow/4501530.cms

State-run Union Bank of India, in joint venture with Belgium-based company, plans to enter the mutual funds business by December this year and hopes to receive the market regulator Sebi's approval to set up the firm by June 30, a top bank official said. "The bank expects to receive the Sebi nod for JV by December. We would be able to enter the market with our first product by December this year," Union Bank General Manager Personal Banking & Operations S Govindan said here. 

<http://economictimes.indiatimes.com/Personal-Finance/Union-Bank-to-enter-MF-business/articleshow/4496213.cms> http://economictimes.indiatimes.com/Personal-Finance/Union-Bank-to-enter-MF-business/articleshow/4496213.cms

Inflationary pressure is very high in India, says Reddy
The monetary and fiscal packages announced by RBI and the government, according to him, are "on track", but the challenge before the authorities is unwinding the packages in due course.
http://www.mydigitalfc.com/monetary-policy/we-didnt-encourage-things-we-didnt-understand-yv-reddy-646 <http://www.mydigitalfc.com/monetary-policy/we-didnt-encourage-things-we-didnt-understand-yv-reddy-646>
http://www.livemint.com/2009/05/08230521/Inflationary-pressure-is-very.html?h=A1 <http://www.livemint.com/2009/05/08230521/Inflationary-pressure-is-very.html?h=A1>
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Result Update : SRF

Result Update : SRF
Net profit of SRF rose 1973.53% to Rs 21.15 crore in the quarter ended March 2009 as against Rs 1.02 crore during the previous quarter ended March 2008. Sales rose 4.00% to Rs 407.52 crore in the quarter ended March 2009 as against Rs 391.83 crore during the previous quarter ended March 2008.
For the full year, net profit rose 17.69% to Rs 163.27 crore in the year ended March 2009 as against Rs 138.73 crore during the previous year ended March 2008. Sales rose 11.49% to Rs 1800.82 crore in the year ended March 2009 as against Rs 1615.30 crore during the previous year ended March 2008.

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8-May-09 Mcx Settlement Prices

Today's Settlement Prices :: Gold 14506 :: Silver 22544 :: Copper 233.85 :: Lead 72.05 :: Natural Gas 643.20 :: Lead 76.10 :: Crude Oil 2857 :: Natural Gas 209.80 :: CPO 401.60 :: HO 74.25 :: SO 506.30 & INR 49.28
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Just Joke

The US has made a new weapon that destroys people but keeps the building standing,. Its called the stock market.
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Sgx Nifty only 11 points down

Singapore nifty only 11 points down
All asia in lite red
Stress test of banks in usa is as market predict, so no bad news
Market already discounted that news
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8-May-09 News Headlines

Corporate News Headline
•JSW Steel reported Q4'09 results, total income declined 13.4% yoy to Rs. 37.19 bn, and it posted net loss to Rs. 399.3 mn. (BS)
•Reliance Infrastructure is planning to invest about Rs. 16.5 bn in various projects by the end of 2009-10. (BS)
•Tata Steel has recorded a 39% increase in the sales of long products, used by the construction industry, in the month of April at Jamshedpur Works, over the same period last year. (BS)

Economic and Political Headline

•QIPs, rights issues, and non-convertible debentures are back in vogue. At least 30 companies have drawn up plans to raise close to Rs. 500 bn through these routes to fund their working capital needs over the next six months. (BS)
•The Federal Reserve determined that 10 US banks need to raise a total of USD 74.6 bn in capital, concluding its unprecedented probe of the health of the nation's 19 largest lenders. (Bloomberg)
•The European Central Bank President Jean- Claude Trichet said the ECB unanimously agreed on a USD 80.5 bn plan to buy bonds as officials step up their response to the worst recession since World War II. (Bloomberg)
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7-May-09 Mcx Settlement Prices

Today's Settlement Prices :: Gold 14533 :: Silver 22650 :: Copper 233.85 :: Lead 71.55 :: Nickel 642.40 :: Zinc 76.55 :: Crude Oil 2768 :: Natural Gas 198.30 :: CPO 409.30 :: HO 72.50 :: SO 513.65 :: INR
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7-May-09 Stock Market Summary

The Indian market bounced back after a correction and ended with gains today ahead of the US bank stress test results tonight. Metals hogged the limelight today on the back of strong April sales and price increase. Sensex shut shop at 12116, up 164 points and Nifty at 3683, up 58 points from the previous close. CNX Midcap index was up 2.02% and BSE Smallcap index was up 2.66%. The market breadth was positive with advances at 910 against declines of 301 on the NSE. Top Nifty gainers included Sterlite Industries, Hindalco and Tata Steel while losers were Ambuja Cements, ACC and BPCL.
Source : rediff.com
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Inflation

Inflation 0.57% Vs 0.26%
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Fii and Dii Activity

On May 05, 2009, FIIs were net buyers of stocks to the tune of Rs695 crore (purchases worth Rs2,969 crore and sales of Rs2,274 crore),while domestic mutual funds were net sellers of stocks to the tune of Rs37 crore (purchases worth Rs544 crore and sales of Rs581 crore).
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Results Today

Results today: JSW Steel, Union Bank, JP Hydro, Birla Corp, Tata Metaliks, Tamilnadu Petroproducts
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Nifty Pivot Levels

NIFTY SUPP@3550-3590-3615
RESIS@3670-3700-3720
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Singapore Nifty Update

Sgx Nifty is up by 22 points
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All Asia Markets Up

All asian markets are open in dark grrn, but now profit booking seen allo. Before sometime hangseng up by 440 points but now it is up by 136 points only.
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7-May-09 News Headlines

Corporate News Headline

•RIL has begun selling diesel from its Jamnagar refinery to local companies, with Hindustan Petroleum Corp Ltd receiving the first consignment this week. (BS)
•ONGC added a record 284 mn tonnes of oil and gas reserves in the 2008-09 fiscal, the highest addition by the company in the past 18 years. (BS)
•JSW Steel has decided to increase production from the present 7.8 mn tonnes a year to 32 mn tonnes annually by 2020. (BS)

Economic and Political Headline

•The Reserve Bank of India mopped up Rs. 1,449.13 bn from banks through reverse repo window, reflecting ample liquidity in the system. (BS)
•Treasury Secretary Timothy Geithner said that none of the 19 banks that underwent government stress tests are insolvent and the results will reassure investors and the public that the US financial system is sound. (Bloomberg)
•In a possible sign that the worst may be over for the US's labour market, a new report shows that American private companies slashed as many as 4,91,000 jobs in April, much less than expected. (BS)
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6-May-09 Mcx Settlement Prices

Today's Settlement Prices :: Gold 14486 :: Silver 22326 :: Copper 238.65 :: Lead 72.05 :: Nickel 631.50 :: Zinc 78.30 :: Crude Oil 2778 :: Natural Gas 191.30 & CPO 413.70 :: HO 72.50 :: SO 516.60 & INR 49.60
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Nagarjuna Fertiliser

Market Rumour
Reliacne can make open offer to nagarjuna fertiliser abv 40
Cmp 25.50
Brave hearts can buy
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Infosys Tgt 1 done

Infosys fut low 1557
Tgt 1 done
We short at 1571
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Market Overview

All global mkts r rangebound now.
Nifty is also rangebound with 3600-3680 levels.
Abv 3680 level upside till 3725-3750
Below 3600 level 3550 is support level.
Bull might take rest for 1-2 days with some correction can be seen in global mkts.
But overall trend is bullish only.
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6-May-09 News Headlines

Corporate News Headline
•Tata Steel increased prices of long products sold in the spot market by up to 3% or Rs. 1,000/tonne this month on the back of rise in demand for metal from the construction sector. (ET)
•Suzlon Energy bagged a contract to set up a 52 MW wind power plant near Jakhao in Kutch from Gujarat State Petroleum Corporation. (BS)
•BHEL announced an investment of Rs. 120 bn over the next four years to pick up equity in power projects and to ramp up its capacity to support the generation of about 20,000 MW. (BS)

Economic and Political Headline

•The government is planning to transfer Rs. 280 bn from market stabilisation scheme to the normal cash account of the government, so that it need not go for additional borrowings. (BS)
•IMF said that the Indian economy, facing slowdown amid global financial slowdown, is expected to rebound near the end of the current calendar year. (ET)
•The US service industries rose to 43.7 in April from 40.8 in the prior month as home purchases and retail sales rose, another signal that the economic slump is abating. (Bloomberg)
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Asia up

All asian mkt are up
Sgx Nifty up by 14 points
Mkt hv to cross 3680 for upmove
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05-May-09 Mcx Settlement Prices

Today's Settlement Prices :: Gold 14379 :: Silver 21791 :: Copper 227.55 :: Lead 69.55 :: Nickel 585.40 :: Zinc 74 :: Crude Oil 2676 :: Natural Gas 178.40 :: CPO 405.60 :: HO 70.50 :: SO 515.90 & INR 49.30
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Ganesh Housing Freeze

Ganesh Housimg also frreze
We bought in morning
But forgot to update users
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Tomm Gap down possible

Tomm mkt can open in red
Gap down possible
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Nifty 3600-3680

Nifty have to break 3680 to upmove
And 3600 for bear move
Where will nifty go?
For more info
Email us at moneybazaars@gmail.com
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Nifty 3600 put

Buy Nifty 3600 put
Cmp 147 sl 120
Can see 185-215
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BhartiShip Freeze

BhartiShip upper freeze @91.05
We bought at 86
Book partially :)
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Bhartiship 1st tgt achived

Bhartiship 90
1st tgt done
Sbi also all tgt achived
For more email us at
moneybazaars@gmail.com
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Nifty Alert

Alert:: Nifty Spot Cmp 3666 If Not cross 3680 & not sustain then we see 3630-3590..if cross & hold then 3750 on cards.
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Sgx Nifty Positive

Oops, sgx nifty positive
By 2.5 points
If nifty sustain abv 3700 we will see more upside zooms
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Be cautious

Our market overbought so be cautious. Nifty spot weak below 3650.
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Sgx Nifty

Sgx Nifty dowb by 8.5 points
Asian markets almost flat
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05-May-09 News Headlines

Corporate News Headline

•HDFC reported Q4'09 results, total income increased 36% yoy to Rs. 31.52 bn, and net profit dipped 4.5% yoy to Rs. 7.33 bn. (BS)
•Siemens has received an order worth Rs. 790 mn from Qatari German Switchgear for supplying 11kv air insulated switchgear. (BS)
•JSL is planning to invest Rs. 1.5 bn in the next 3-4 years for developing its captive railway line in a bid to save cost on its cargo movement. (BS)


Economic and Political Headline

•The Finance Ministry informed that it will shortly meet representatives from the packaged software industry to settle the issue of double taxation on the sector. (BS)
•The US President Barack Obama proposed to raise about USD 190 bn over the next decade by outlawing three offshore tax-avoidance techniques used by the US companies such as Caterpillar Inc. and Procter & Gamble Co. (Bloomberg)
•Pending sales of the US existing homes jumped 3.2% in March after a 2% gain in February and construction spending ended a six-month slide, spurring a rally in stocks and sell-off in Treasuries. (Bloomberg)
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4-May-09 Mcx Settlement Prices

Today's Settlement Prices :: Gold 14433 :: Silver 21445 :: Copper 236.15 :: Lead 71.95 :: Nickel 605.80 :: Zinc 75.70 :: Crude Oil 2678 :: Natural Gas 184.60 :: CPO 404.90 :: HO 70.70 :: CPO 517.55 :: INR 49.90
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Gold short zooming

We short Gold June at 14550
Cmp 14475. We are rocking :)
Already 75 points minted, more to come. For more info email us at moneybazaars@gmail.com
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Short Silver

Short Silver July at 21400 Sl 21860 Tgt email us at moneybazaars@gmail.com
SL ON CLOSING BASIS.
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Short Gold

SHORT GOLD JUNE 14550 SL 14800 TGT email us at moneybazaars@gmail.com
& Short silver also.
Happy Trading
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1-May-09 Mcx Settlement Prices

Today's Settlment Prices :: Gold 14272 :: Silver 20717 :: Copper 233.45 :: Lead 70.05 :: Nickel 591.40 :: Zinc 74.85 :: Crude Oil 2659 :: Natural Gas 179.20 & HO 69.30
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