18-Jun-08 Report

18-June-08
Intraday Report Card



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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