Funnnnn

A boss asked sardar 2 bring 2 corner tickets for a movie to enjoy with his Girl Friend
Sardar Brought 2 corner tickets
A1 and A24....

KGN Fine

222 BROKERS IMPOSED FINE OF 5 LAKHS EACH IN KGN AND 118 BROKERS IN SYLPH 5 LAKHS EACH TOTAL AROUND 17 CRORES

52 week low or near to low in f&O

52 week low or near to low in f&O : abb , air deccan , albk , andhra bk , ansal infra , apil , bajaj hldng , beml , bpcl , brigade , cbi , dlf , gdl , gmr infra , gt offshore , indian hotel , j&k bank , jp assoc , kesoram , ktk bank , nagarjuna const , obc , omaxe , parsvnath , peninsula land , pnb , r power , sobha , tata motors , vijaya bank , wock pharma , wwil .

The U.S. Energy Department in a report on June 10 said China`s oil consumption is expected to rise 440,000 barrels to an average 8.02 million barrels a day this year.

Crude oil prices are expected to trade weak touching the level of USD 131.60. If it breaks this level, it may see the level of USD 125.

Huge selling is witnessed across the board. The market breath is totally negative, out of the total stocks traded at the BSE, around 70% are trading in negative

hmmmmmmmmm

We expect interest rate to go up between 0.5 to 1% after RBI increasing repo rate by 50 bps and CRR hike by 50-75 bps
Impact on Rate sensitive sectors:
(a) Auto: The EMI for 2 wheeler loan may increase by max Rs 50 / month & Cars by Rs 450 / month - impact not very significant
(b) Housing loan: EMI increase may be between 2-5% for the borrowers. Although, impact could be negative on banks and real estate companies, we expect genuine buyers to execute their demand for housing even during such times.

INFLATION 11.05 % out

INFLATION 11.05 %

Reliance Infrastructure

Reliance Infrastructure plans to invest R s30,000 crores in the next 3 years ot expand its engineering and construction business in India and acquire assets in India. The company will borrow as much as 80% of the funds.

Inflation

inflation expected is 9.77%

20-June News

20-June-08
News

Headlines for the day

Corporate News Headline
Reliance Infrastructure is planning to invest USD 7 bn in the next three years to expand its engineering and construction business in India and acquire assets in overseas. (BS)
Tata Steel and Essar Steel are vying for a majority stake in the proposed joint venture of Indonesia´s PT Krakatau Steel to build a 2.5 MT plant. (BS)
Power Finance Corp sanctioned a loan of Rs. 100 bn to NTPC for various projects to be completed in the current 11th Five Year plan. (BS)

Economic and Political Headline
The RBI has delayed the plan to allow trading in credit derivatives as the global financial crisis ensured the collapse of the US subprime-mortgage market. (BS)
The direct tax receipts rose 71.3% in the first two months of the current fiscal year from a year ago, indicating the economy was sustaining its growth pace. (ET)
The UK retail sales rose 3.5% in May due to an increase in the sales of textiles, clothing, and footwear. (WSJ)

19-June Mcx Close

19-June-08
MCX

CLOSING RATE:- CRUDE:-5746,GOLD:-12512,SILVER:-24519,COPPER:-356.45,ZINC:-82.35,NICKEL:-96 0,LEAD:-78.3,NATURAL GAS:-555.2

19-June-08 Report

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NEWS UK Treasury Says Charles Bean New BOE Deputy Governor.

BREAKING NEWS

BREAKING NEWS:::: Former Bear Stearns hedge fund managers surrender to authorities, expected to face charges in subprime case - AP reports.

Cairn India

Cairn India received an exploration license from the Sri Lankan government to explore oil and natural gas in the Mannar Basin

China Down

china down 6.5%

bad news4crude Commodity Alert

bad news4crude Commodity Alert: Royal Dutch Shell has stopped production at its Bonga offshore oilfield in Nigeria, which pumps an average of around 220,000 barrels per day, after an armed attack...market news...

BASF German Firm

BASF German firm said it's going to start a new stock buyback program, saying it will buy up to 3 billion euros ($4.7 billion) of shares through mid-2010. The stock buyback can begin immediately. BASF completed its 3 billion euro share buyback program for 2007 and 2008 ahead of schedule, the Ludwigshafen, German firm said

Stock Market Rule

Stock Market Rule : Jo Dar Gaya Samjo Mar Gaya Aur Jo Nahi Dara Wo To Dafan Hi Ho Gaya

Dow Jones Support

In WALL street Dow jONES Support Today 11960..If Break Today then see Sharp fall till 11800-11750.

Kohinoor Food

SEE KOHINOOR FOOD ITS UP 14 % IN THIS BAD MARKET

Cement

Cement companies based in Gujarat, including Gujarat Ambuja, Binani Industries, Ultratech, Sanghi Cement and Gujarat Siddhee, are understood to have benefited from the move. India exported 3.64 million tones of cement and 2.37 million tones of clinker in 2007-08.

LEFT AND UPA DRAMA AT HIGH LEVELS ANY THING CAN HAPPEN JUST WATCH LATEST STATEMENTS GIVEN BY SITARAM YECHURY SO BE VERY ALLERT MARKETS CAN GO ANY WHERE UP AS WELL AS DOWN ALL DEPENDS ON THESE SELFISH POLITICIANS

Alert

ALERT : Some Bad news expecting in pharma and steel industry.

19-June News

19-June-08
News

Headlines for the day

Corporate News Headline
Tata Communications acquired 50% stake in China Enterprise Communications for an undisclosed amount. (ET)
Sintex Industries acquired Digvijay Communication and Networks through its 74% subsidiary Zeppelin Mobile Systems India in the form of a slump sale deal amounting to Rs. 540 mn. (BS)
Exide Industries acquired 51% in a lead smelter company, Leadage Alloys India Ltd for Rs. 350 mn. (ET)

Economic and Political Headline
The six core infrastructure industries register a growth of 3.6% in April 2008, compared to 5.9% in a year-ago period. (ET)
As inflation has touched 8.75%, the Finance Minister announced that the rate of price rise is high, prompting RBI to tighten money supply. (BS)
Japan and China agreed to jointly develop a disputed natural gas field and cooperate in exploration in the East China Sea. (WSJ)

Kohinoor Food

buy kohinoor food @103 target 200

China and India watch money flood out to America over inflation fears=The world's fund managers are pulling their money out of China and India at a record pace on mounting fears of inflation and are now more pessimistic about global equities than at any time in the past decade.The latest survey of investors by Merrill Lynch shows that Europe has become the most unpopular region, while Britain is still trapped in the doldrums.But the big surprise is the sudden change in view on the emerging powers of Asia, as overheating and spiralling oil costs spoil the boom.India fell to -63 as investors took fright at the country's budget and trade deficits. There is concern over a relapse towards Nehru-era policies after Delhi halted trading in a range of commodity futures and restricted rice

JPT Book Profit

In JPT Securities
Book Full n Final Profit
Call is Close Here
We Bought at 47 CMP 124
BOOK FULL PROFIT

18-Jun-08 Report

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Breaking News

Breaking News: President Bush Urges Several Steps to Increase US Oil Production, Including Lifting Ban on Offshore Oil Drilling.

Breaking News

BREAKING NEWS::::Morgan Stanley's quarterly earnings and revenue decline. Earnings per share top estimates, but revenue falls short. Dow Futures: -120

Hisab Barabar

yesterday closing plus 301 and todays clsoosing minus 301, kehlo india khelooooooooooo..hisab barabar

SRF

SRF BUYBACK OFFER : The maximum Buyback price offers a premium of 15.07% & 15.11% over the closing prices on the BSE & NSE respectively prevailing on the date of the Board Meeting held on April 25, 2008 approving the Buyback. (So max price for buy back is 140 +15 %=161)

Warning

ROYAL BANK OF SCOTLAND HAS ISSUED A NOTE OF WARNING STATING THAT THE GOLBAL EQUITY MARKET MIGHT SEE A BIG CRASH IN COMING DAYS.

Reliance Movies

Steven Spielberg's DreamWorks SKG is close to a $500-600 million deal to form a new movie venture with India's Reliance ADA Group, the Wall Street Journal reported, citing people familiar with the situation.

The deal would give Spielberg the cash to finance DreamWorks' departure from Viacom Inc.'s Paramount Pictures later this year, the newspaper added.

Reliance would get a large stake in the new company. DreamWorks would likely seek another $500 million or so in debt financing elsewhere to give the venture enough money to make about six films a year, the Journal said.

SAIL

Steel Authority of India (SAIL) is reportedly exploring the possiblity of setting up a joint venture with another state-owned firm, Bharat Coking Coal, specifically for the rich Kapuria block in Jharkhand.

ADR 17 June

ADR 17 June: Tata Com (+1.83%), TAMO (+1.83%), ICBK (+1.22%), Stlite (+0.86%), HDFCBk (+0.71%), Wipro (-0.30%), Satyam (-0.45%), Infy (-0.68%), Dr.Reddy (-2.27%).

Reliance Industries and ONGC may resume oil production from PMT fields

18-Jun Mcx Levels

18-Jun Mcx Levels
Support-Resistance

GOLD MCX Support:- 12225/12190/12170/12145 Resistance:- 12315/12340/12385/12415 (ONLY WATCH NO TRADE) TREND- SIDEWAYS

SILVER MCX Support:- 23915/23825/23675 Resistance:- 24250/24400/24550 (ONLY WATCH NO TRADE)

GOLD SPOT Support:- 882.00/879.50/877.00/873.50/869.00 resistance:- 886.00/888.00/891.50/894.00/865.50

USD/INR TRADE DOWN; STOCK CUES AWAITED Range 42.80-42.95

18-Jun News

18-June-08
News

Headlines for the day

Corporate News Headline
RIL
is planning to increase the crude oil imports from Saudi Arabia because
of rising demand for fuels in India and the rest of Asia. (Bloomberg)
BSNL
is planning for a rapid expansion of its telecom network and
connectivity of mobile services in the North-East Circle by providing
more than 2 lakh lines by September. (BS)
Ashok
Leyland made a strategic investment in Germany-based group firm,
Albonair GmbH for development of vehicle emission treatment systems and
products. (BS)

Economic and Political Headline
Making
it easier for urban cooperative banks to extend housing loans, the RBI
has relaxed the risk provisioning norm for purchase of residential
properties up to Rs. 3 mn. (ET)
Indirect
tax collections, barring service tax, grew 12.8% in the first two
months of the current fiscal upto May, helping the government to mop up
Rs. 352.16 bn of revenue as against Rs 312.17 bn during the same period
last year. (BS)
The US producer prices soared 1.4% in May led by a higher energy and food prices. (WSJ)

Mcx Close 17-Jun

Mcx Close 17-Jun
CLOSING RATE:- CRUDE:-5733,GOLD:-12271,SILVER:-24050,COPPER:-344.5,ZINC:-80,NICKEL:-1038,L EAD:-79.75,NATURAL GAS:-551.2

17-Jun-08 Report

17-June-08
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Reliance Industries Ltd.

Reliance Industries Ltd., India’s biggest company, is increasing crude oil imports from Saudi Arabia as it seeks to secure supplies because of rising demand for fuels in India and the rest of Asia. Reliance, based in Mumbai, is boosting purchases by at least 90,000 barrels a day, accounting for 30 percent of Saudi Arabia’s output increase of 300,000 barrel

Unitech

Unitech bags $700 mn Lehman investment

Advance Tax Figures

Advance Tax Figures: ICICI Bank has paid Rs 340 crore Vs Rs 250 crore a year ago
SBI has paid Rs 663 crore Vs Rs 503 crore a year ago
IDBI Bank has paid mere Rs 10 crore Vs Rs 7 crore a year ago
Reliance Industries paid Rs 340 cr Vs 295 cr a year ago
Bajaj Auto paid Rs 50 cr Vs Rs 60 cr a year ago
HDFC's Advance Tax shot up by 40% to Rs 140 cr Vs Rs 95 cr
Tata Motors paid Rs 30 cr and Ambuja Cement Rs 100 cr
SAIL paid an Advanced Tax of Rs 457 crore against Rs 454 crore year ago

Ipca - Ranbaxy

Ipca - Ranbaxy alliance receive U.S.FDA marketing approval for Metoclopramide Tablets

MCX Calls

GOLD SELL BELOW 12275 CMP 12300
SILVER SELL BELOW 24223 CMP 24301
CRUDE SELL BELOW 5759 CMP 5791

ReList 20-Jun

White Diamond Industries Ltd (Scrip Code: 513713) & Mid India Industries Ltd (Scrip Code: 500277) to Relist on BSE on 20.06.2008.

HFCL

himachal futuristic ..@19.40 will touch 30 within 1 month

Ultratech Cement Ltd

Ultratech Cement Ltd has informed BSE that books of Company will remain closed from July 11, 2008 to July 18, 2008 (both days inclusive) for the purpose of payment of dividend & Annual General Meeting (AGM) of the Company to be held on July 18, 2008.

Advanced Tax Numbers

Advance tax Numbers Announced HDFC LTD 40% rise to Rs.140 crores SBI 32% rise to Rs 663 crores ICICI Bank 38% rise to Rs. 340 crores IDBI 43% rise to Rs. 10 crores Reliance Industries 15% Bajaj Auto down by 17% to Rs.50 crores

17-Jun-08 News

News
17-Jun-08

Headlines for the day

Corporate News Headline
Reliance Industries is planning to borrow USD 1 bn to fund its expansion projects. (Bloomberg)
Tata
Steel and Rawmet Ferrous Industries entered into an agreement with
Jasper Industries for a Rs. 6.75 bn coal-based power project. (BS)
JSW
Steel formed a joint venture in Georgia to make roads to meet rising
demand for construction steel in Eastern Europe. (Bloomberg)

Economic and Political Headline
The
Finance Minister asked bankers to shed their "conservative" attitude
towards lending to entrepreneurs as he announced a commitment to pump
in nearly Rs. 10 bn additional fund to an initiative to promote the SME
sector. (ET)
On
the issue of tax cut on petro products, the states government asked the
Centre to share 50% of Rs. 80 bn revenue loss caused by tax and duty
reduction on fuels. (ET)
The
annual inflation in the euro zone rose to a high of 3.7% in May due to
a continious increases in food, fuel, and housing prices. (WSJ)

SPOT/open GOLD-882.90 SILVER-17.12 CRUDE-133.97 NOW:- GOLD-884.00 SILVER-17 .14 CRUDE-134.28

Results Today

Results Today: BPCL, Bilpower, Cambridge Solutions, Chettinad Cement, IRB Infra, Jumbo Bag, Sical Logistics, Sri Digvijay Cement, Tantia Constructions, Tata Communications, Wire & Wireless and Zee News.

16-Jun-08 Report

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Era Infra

Era Infra Engineering Ltd has bagged two contracts from Birla Tyres for construction of two tyre plants valuing Rs 30 crores and 25 crores. The company has also bagged a contract from Alps Industries Ltd for construction of Weaving & Processing Unit valuing Rs 10.5 crores.

SAIL

Advance Tax Figures::: SAIL Q1 ADVANCE TAX PAYMENT AT 457CR Vs 454 CR

JSW Steel

JSW Steel has entered into a joint venture for setting up a steel plant in Georgia with an initial capacity of 1.75 lakh tonnes re-highsale bars per annum. The company has decided to invest 49 per cent of the equity.

D S: Government of India authorises issuance of existing debt instruments such as treasury bills and dated securities under the Market Stabilization Scheme. The MTM losses on these bills are expected to be to the tune of Rs 60000-65000 crore. This has not been provided for and has been suppressed till now. But one Mr.Kelkar from Pune has approached the High Court regarding this matter. If this matter is published in the newspapers in the coming days, it could have a negative impact on the market. This news, though from a reliable source could turn out to be a rumour or this news could be suppressed.. Please be careful and trade with stop losses…

Lehman Brothers Real Estate Partners will invest approximately Rs 740 crore to acquire a 50 per cent stake in the initial phase of a project on the Western Expressway of Mumbai, jointly developed by Unitech and its local Mumbai partners. The initial phase entails development of 1 mn sq ft of office space out of the total developable area of nearly 18 mn sq ft. Lehman Brothers Real Estate Partners and the Western Expressway JV will each contribute 50 per cent of the construction cost.

South Africa’s MTN Group is willing to extend the 45-day exclusive deadline with Reliance Communicaiton for talks to discuss the potential combination of their businesses.The deadline will end on July 8. A high level team from MTN is also expected to meet Reliance Industries to take stock of the situation. Meanwhile, Reliance Communications has threatened to claim damages from RIL in case it takes recourse to legal action

Saudi Arabia will increase its oil production by 200,000 barrels a day from July, its oil minister tells the United Nations

16-Jun News

16-Jun-08

Headlines for the day

Corporate News Headline
SAIL
would be investing Rs. 1 bn in its fourth steel processing unit at
Bandaka Industrial Area in the Ujjain district of Madhya Pradesh. (BS)
Power
Grid Corp would seek fresh loan of USD 600 mn from the World Bank and
the ADB to fund its mega transmission projects. (ET)
3i
Infotech acquired the US-based Regulus Group, an independent remittance
and document processing services provider, for USD 100 mn. (BS)

Economic and Political Headline
The
WPI-based inflation for the week ended May 31 rose to 8.75% as compared
to 8.24% for the previous week due to an increase in the prices of
primary articles and manufactured products. (BS)
The
Finance Minister P Chidambaram has approved 13 FDI proposals worth Rs.
15.24 bn based on recommendations of the Foreign Investment Promotion
Board. (BS)
The US consumer prices rose 0.6% in May due to a soaring energy prices and a big jump in airline fares. (WSJ)

HFCL

HFCL is proposed to traded in F&O from july

13-June-08 Report

13-June-08
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Chambal Fertiliser

CHAMBAL FERT new stories coming out...it is the single largest producer of urea,.it is setting up 2600MW power plant and their phosphoric acid joint venture which is in indonesia prices world over has gone up 3-5 times, so these stories attracting more buyers, FUND

L & T

Larsen & Toubro plans to invest Rs 25,000 crores in the next five years in projects to generate a total of 5,000 MW of power. The company has set a target of achieving a turnover of Rs 80,000 crores by 2015 from Rs 30,000 crores in the last fiscal. It aims a 25-30% growth on a CAGR basis till 2015.

Inflation

8.74% inflation expected

Nifty

4456 4401 these r 2 supp levels on nifty fut.

Rel Infra

The consortium led by ADAG group company Relinfra and Hyundai has decided not to seek an extension of the bid for the Rs 6,000 crore, 22-km sea link project citing the Maharashtra government’s indecisiveness over awarding the contract. The consortium had won the bid, but the government decided to review its decision as it realized that the concession period- or the period for which the developer collects the toll to recover its costs - was unrealistic. Relinfra’s withdrawal effectively leaves the field open for the only other bidder – the consortium of Mukesh Ambani’s SeaKing Infrastructure (SKIL) and IL&FS. Relinfra had quoted a concession period of 9 years and 11 months against SKIL consortium’s 75 years.

Nifty FUT: 4550 - 4561 are resistances which need to cross before we expect any further upmove. Note the discount in nifty. A lot depends on niflation today, and nifty seems to have discounted highest single digit inflation. But if it does double digit, it might be an issue

JPT Freeze

JPT Freeze Agaian
Centuary Completed
CMP 102.4
We Bought at 47
Around 120% Gain
Zoom Barabar Zoom Barabar Zooooooooommmmm!!!!
Enjoy!!!!

MCX 13-Jun

GOLD MCX SUPPORT:- 12080/12055/12025/11950
RESISTANCE:- 12135/12160/12190/12265

NIFTY trading 'Flat' on Singapore Exchg at 4500(+1 pt).

Along with RANBAXY, keep watch on ORCHID and CIPLA too in pharma space. Outside pharma, keep watch on Fert. stocks and DCB, which might see some 'action'.

13-Jun News

13-Jun-08

Headlines for the day

Corporate News Headline
Reliance Industries would commission its new refinery and Krishna-Godavari Basin gas fields in 3-6 months. (ET)
Wipro is bidding for 12 contracts worth at least USD 100 mn each as it seeks bigger clients. (Bloomberg)
SAIL would set up three steel processing units in Madhya Pradesh to manufacture value added products. (ET)

Economic and Political Headline
The Industrial production growth in April stood at 7% from a year earlier, after gaining a revised 3.9% in March. (BS)
The
government announced a reduction in prices of complex fertilisers to
encourage farmers to use nutrient-based organic instead of regular
nutrient like urea and DAP. (ET)
The
retail sales in the US rose 1% in May as the Americans used their tax
rebates to shop at electronics and department stores, and record
gasoline prices swelled service-station receipts. (WSJ)

12-Jun-08 Report

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BREAKING NEWSSSSS===saudi arabia agreed to increase there crude production by 25%

One can see growth of 25% in capital goods, banking and realty sectors, says Nilesh Shah of Envision Capital, on NDTV Profit. He is bullish on engineering and renewable energy sources. Valuations for broadcasting space also look attractive, he says. He is also positive on integrated private sector banks

The market is worried that policy actions could dampen growth momentum, says CLSA, reports CNBC-TV18. The brokerage sees potential for Sensex to touch August 2007 lows. It has added Sun Pharma and TCS to its model portfolio and removed and removed Tata Motors. It has increased weight on Reliance Industries in model portfolio to 19% from 15%. It has also increased weight on Infosys to 10% from 7%.

Reliance Industries

Reliance Industries will commission its new refinery at Jamnagar this year. The new refinery will process 580,000 barrels of crude every day. With the new facility, the total refining capacity at its Jamnagar complex will go up from 0.66 million barrels to 1.24 million barrels. Jamnagar will acount for 2 per cent of global petroleum refining capacity. Reliance would also be commissioning 900,000 tonne polypropylene capacity this year.

LOTUS EYE CARE HOSPITAL LIMITED

New IPO
LOTUS EYE CARE HOSPITAL LIMITED
PRICE BAND- 38/- TO 42/-
ISSUE OPENS-12.06.08
ISSUE CLOSES-17.06.08
BID LOT -150 EQ.SHARES

News - SBI may hike its short-term lending rates soon.The development comes following Reserve Bank India hiking its short term repo rate by 0.25% to 8%. The reverse repo rate, at which RBI borrows money from banks in exchange of the government papers.Following the repo rate hike, HDFC Bank, Bank of India, Indian Bank and Union Bank of India also indicated that they might pass on the additional burden to customers.

IIP nos for the month of April 7.0 % expectation 6.5 % last month 3.0% and last year 11.3%

April IIP 7% vs 3%March

IIP

IIP EXPECTED REVISED TO 7%

IIP Numbers

Chief Economist, Kotak Institutional Equities, said the IIP numbers for the month of April, which were above expectations, testified to the underlying strength of the economy. The industrial output is up 13.6% vs 9.9% on a YoY basisl. Meanwhile, the manufacturing output for April is at 15.1% vs 11% on a YoY basis

Reliance

Reliance exports grew 49% over last five years

Reliance

Reliance Moving ahead of AGM at 11:10 (RUMOUR BONUS ON CARDS)

PHARMAAA STRONG, LUPIN/SUN PHARMA AND OTHERS RECOVERING FROM DAYS LOW

Oil and Natural Gas Corporation (ONGC), Reliance Industries and Essar Oil are reportedly eyeing exploration opportunities in the oil-rich sand belts of Alberta, Canada.

JPT Freeze

JPT Securities Freeze CMP 97.55

Fortis Finance

Fortis Finance is company owned by malvinder singh ..he has a very big plan in microfinance ...and he may use this companyfor this purpose ...@77 this company is very cheap and may touch 250+

Ranbaxy

Ranbaxy looks positive or negative? Stake sale at a premium looks positive side but exit by the promoter is a very very negative aspect. Shows what the company is all about, and even the promoter doesn't like it!

Nifty

REMEMBER.......WE CAN OPEN GAP DOWN AT 4450-4370 LEVELS AND PULL BACK FOR THE DAY.........BUT, IF WE BREAK 4340, THEN BE READY FOR 4230 IMMEDIATELY.......HOPE WE PULL BACK FROM 4360-4370 LEVELS....... IIP DATA/INFLATION DATA.......AND JULY FIRST WEEK, INTEREST RATE HIKES POSSIBLE

IIP data released today

Nifty 12-Jun

NIFTY SPOT CMP 4523..NIFTY SPOT WEAK BELOW 4480. NIFTY SPOT GOOD ABOVE 4520 LEVEL

12-Jun News

12-Jun-08
Headlines for the day

Corporate News Headline
Ranbaxy Laboratories’ 34.8% stake of promoters was sold at Rs. 737 per share to the Japanese major, Daiichi Sankyo. (ET)
BHEL
placed the first commercial order to BHPV to manufacture and supply of
680 MT of boiler components such as drums, headers, riser tubes,
panels, coils, and piping products. (ET)
SBI is expected to decline its NPA by over Rs. 20 bn by the end of June this year. (BS)

Economic and Political Headline
The
RBI decided to increase the repo rate by 25 bps to 8% from 7.75% with
immediate effect, a move that is likely to force banks to increase
interest rates and help to control inflation. (BS)
The
Centre may ask states to adopt uniform policies and processes to invite
private investments in the infrastructure sector. (ET)
The UK unemployment rose to 819,300 in May as a weakening economic growth prompted companies to cut more staff. (Bloomberg)

11-Jun-08 Report

11-June-08
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