US WEEKLY CRUDE OIL INVENTORY: CRUDE OIL STOCKS: +0.8M BARRELS, GASOLINE STOCKS:-0.1M BARRELS DISTILLATE STOCKS: +2.8

ENERGY: US EIA oil stocks for June 20 wk: "U.S. commercial crude
oil inventories (excluding those million barrels from the previous week.
At 301.8 million barrels, U.S. crude oil inventories are near the lower
boundary of the average range for this time of year. Total motor
gasoline inventories decreased by 0.1 million barrels last week, and are
in the lower half of the average range. Finished gasoline inventories
increased last week while gasoline blending components inventories
decreased during this same time. Distillate fuel inventories increased
by 2.8 million barrels, and are in the middle of the average range for
this time of year. Propane/propylene inventories increased by 1.2
million barrels last week but remain below the lower limit of the
average range. Tota

OIL: Weekly inventory data due up at 10.35. Platts survey looks for;
Crude oil stocks down 1.7 million barrels
Gasoline stocks down 750,000 barrels
Distillates stocks up 1.7 million barrels
Refinery utilization or run rate up 0.4 percentage point at 89.7%

Mumbai, June 25 (PTI) The Shiv Sena today hit out at the Left parties for its opposition to the Indo-US deal and said barring the Left everybody knows that it would benefit India.
"There is no doubt that the Indo-US deal will be in the interest of India. This is a fact which everyone knows except the Left parties." an editorial in the party mouthpiece 'Saamana' said.

NEW$-Crude inventory data & Federal Reserve meeting today.

ONGC

ONGC Board recommends Dividend
Announcement: Oil & Natural Gas Corporation Ltd (ONGC) has informed that the Board of Directors of the Company at its meeting held on June 25, 2008, inter alia, has recommended Final Dividend of 140% (Rs 14/- per share), over and above 180% (Rs 18/- per share) already paid as interim dividend in December, 2007 for the FY 2007-08, subject to approval by the shareholders at the ensuing Annual General Meeting.

Nobel-prize-winning economist Joseph Stiglitz and Linda Bilmes says Indian Govt is doing all wrong things ..... They say Indians have one of the higest savings rate and out of them 95 % saves in bank FDs ..so rise in interest rate will leave more money with them ... Further loan waiver and pay commision hike will lead to more money in hand of masses thus stoking great consumption boom and hence high inflation ... Govt shud cut interest rate and target subisdies to only people below poverty line ...

A crucial UPA-Left meet on Wednesday (June 25) could well be the government's last opportunity to resolve differences with the Left over the Indo-US Nuclear deal. Just ahead of the meeting CPI General Secretary AB Bardhan, told TIMES NOW that the government is safe until 5pm. He added that there is no way the Left can give a green signal to the deal. Meanwhile, the Left continues to tables more conditions in front of the government. Sources said that Left has demanded a written assurance that government will not proceed on Nuke deal after the IAEA talks.

Corporate Tax Collection up 40% (Source: UTV)

Nagarjuna Constructions

Nagarjuna Constructions has bagged a new order worth Rs 333 crore.

Left's New Condition

Now LEFT adding new conditions, they want WRITTEN assurance from CONG on not signing NUCLEAR TREATY. UPA meeting results by 5 PM .. TIMES NOW

Financial markets in Hong Kong are due to reopen for the afternoon session Wednesday, after local officials downgraded the threat level as a tropical storm lashing the city weakened. Trading on the securities and derivatives market was to resume at 2:30 p.m. local time, while a pre-opening session for futures contracts would commence at 2:00. p.m., Hong Kong Exchanges and Clearing Ltd said in a statement.

WASHINGTON — A massive foreclosure rescue bill cleared a key Senate test Tuesday by an overwhelming margin, with Democrats and Republicans both eager to claim election-year credit for helping hard-pressed homeowners.

The mortgage aid plan would let the Federal Housing Administration back $300 billion in new, cheaper home loans for an estimated 400,000 distressed borrowers who otherwise would be considered too financially risky to qualify for government-insured, fixed-rate loans

Pakistan Stock Exchange

Pakistan Stock Exchange imposed that shares can’t fall more than 1% a day (earlier 5%). But a stock can rise 10% a day (earlier 5%). The impact - Index is rising as bears suffer. Such crazy rules can create long term bull market. .....news..

Mcx Gold

The August contract gold prices were sideways to slight down on previous session and ended at 12345 levels. Market is expected to trade lower and the next immediate support is at previous day's low and breach of the same may see prices testing 12250-12200 levels. The resistances can be seen at 12350 then 12375 levels. We expect gold to trade lower for the day and recommend taking shorts for the day.

Cairn India

CAIRN INDIA TO SPEND $2 BLN IN 18 MONTHS ON LOCAL OPERATIONS

The central bank (BI) is now contemplating how to contain inflation that has jumped after the government raised fuel prices last month.

The most commonly used instrument to contain inflation is increasing interest rates by the central bank. But given that the inflation this time is mostly due to spikes in food and oil prices caused by temporary shocks in supply and speculation, questions arise whether monetary tightening is warranted.

Tightening monetary policy could stoke economic growth, the last thing the country expects in the midst of a global slowdown. The expectation is that prices will soften as supply responds to higher prices and commodity prices drop off their year-on-year comparison.

Food prices account for 40-50 percent of the consumer price index in emerging countr

Spice Communication

buy spice communication @59 open offer will be @96 ...it will be announced within 2 hours

Nucler Deal Postponed...Till 5th July